Karelian Diamond Resources plc has raised £250,000 via a discounted placing of 10 million ordinary shares each of €0.00025, at a price of 2.5 pence per ordinary share. DIRECTORS’ DEALINGS The fundraise was at 2.5 pence per ordinary share, representing a discount of 33.3% to the closing mid-market price of 3.75 pence on 19 October […]
Month: December 2024
Red Rock raises £500,000 via CLNs
Red Rock Resources plc raised £500,000 from issuing convertible loan notes, each at a price of £10,000. As of 19 October, £210,000 had been raised before expenses by subscription to 21 notes, closing the first tranche of the notes issue. The company will use net proceeds for its gold project in Kenya, lithium assets in […]
Anning-Somerville survey completed for offtake routes
The pipeline route survey has been completed for the offtake routes from the Anning and Somerville gas fields joint venture in the southern North Sea. ENVIRONMENT Partners Hartshead Resources NL and Viaro Group subsidiary RockRose Energy Ltd engaged marine surveyor Gardline Ltd for more than a month to acquire a “large amount” of seabed technical […]
Golden Metal notes strong copper mineralisation
Golden Metal Resources plc reported strong copper mineralisation from geological mapping at its Garfield project within the Walker Lane mineral belt, Nevada. EVIDENCE The findings follow identification in September of the potential for large scale porphyry and skarn-type copper mineralisation on two anomalies. Additional focused prospecting and geological mapping over the High-Grade zone showed “strong skarn-type […]
Altona to own 51% Monte Muambe with scoping study
Altona Rare Earths plc expects to increase its holding in the Monte Muambe project from 31 to 51% following today’s publication of the scoping study. PROCESS Results show an expected average 15,000 tonnes production of mixed rare earth carbonate (MREC) over 18 years from open-pit mining of targets 1 and 4, at a life of […]
Down-hole jet pump installed at Wressle
A down-hole jet pump has been installed on Wressle-1 and the well recompleted in a successful workover before production resumes. FINAL STAGES The joint venture on PEDL180 and 182 comprise operator Egdon Resources plc (30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil plc (40%). Union Jack and Europa today said that […]