Horizonte Minerals plc had stockpiled 138,000 tonnes of ore averaging 1.92% nickel and spent US$429 million as of 30 September at the Araguaia project in Brazil. COSTS The company said it continued to progress during Q3 with construction at the site and advance financing discussions with its cornerstone shareholders and lenders. Horizonte expects a detailed […]
Month: November 2024
Europa CEO buys 781,767 shares
Europa Oil & Gas (Holdings) plc chief executive officer William Holland has bought 781,767 ordinary shares of £0.01 each in the company at an average price of 1.198 pence per ordinary share. Following the purchase, Mr Holland is beneficially interested in a total 2,090,124 ordinary shares, representing approximately 0.218% of the company’s issued share capital.
Orcadian signs lock-in with shareholder for new investor
Orcadian Energy plc has signed a six-month lock-in agreement over 7,049,695 ordinary shares in the company to allow a third-party investment deal. NEW INVESTORS Former director Greg Harding and his wife Nora Harding agreed not to sell their 9.35% holding from 23 October for that period of time except in certain limited circumstances. Orcadian, which […]
Beacon grants 500m share options to directors and employees
Beacon Energy plc has granted options over a total 503,565,644 ordinary shares of nil pence each in the capital of the company to its directors and employees. DIRECTORS The options are exercisable at 0.15 pence per ordinary share, being the issue price at the company’s £4.3 million fundraise in September. Beacon has also reached agreement with […]
Upland rejects unsolicited takeover offer
Upland Resources plc, partner in the Dunrobin prospect, has “unequivocally rejected” an unsolicited “very preliminary” approach for a possible takeover. ASSETS The South East Asian company holds 32% in the Inner Moray Firth joint venture, with Reabold Resources plc (36%) and Baron Oil (32%). It also has a 25% interest in onshore block SK46c in […]
Ormonde chairman Brian Timmons no longer Peak Nickel director
Sheffield-based Peak Nickel Ltd’s appointment of Brian Timmons as a director has ended. Companies House recorded the change effective on 27 September 2023. Mr Timmons, the executive chairman of Peak Nickel investor Ormonde Mining plc, began the directorship on 7 February 2023. He is currently a director of Ormonde’s other investee company TRU Precious Metals […]