First Class Metals plc has signed an exploration agreement with the Netmizaaggamig Nishnaabeg First Nation, covering the North Hemlo, Esa and Sugar Cube properties in Ontario. DRILL-READY The contract allows the company to continue mineral exploration with the support of the community within their traditional territories. “The agreement promotes unity and a mutually beneficial and […]
Month: November 2024
Europa faces move to replace senior management
Europa Oil & Gas (Holdings) plc faces an attempt to remove and replace chief executive officer William Holland and chief operating officer Alastair Stuart with former directors Paul Barrett and Erika Syba. DEFICIENCES The company said it had received a letter attempting to requisition a general meeting from a group of shareholders, including Mr Barrett […]
Horizonte co-founder and CEO Jeremy Martin leaves
Horizonte Minerals plc co-founder and chief executive officer Jeremy Martin will leave after 13 years with the company. His departure, which follows a funding shortfall for the Araguaia nickel project in Brazil, also sees chief financial officer Simon Retter resign. Non-executive interim chairman William Fisher and non-executive director Owen Bavinton also leave having served since […]
FCM directors loan 12m shares to raise £603,000
First Class Metals plc executive chairman and executive director have lent a total 11,990,665 ordinary shares to the company to raise £603,000 for the company via a placing. STOCK LENDING The ordinary shares each of £0.001 par value at a price of 6 pence per placing share represent a 16% discount to the mid-market closing price […]
Scotgold appoints administrators in Australia
Scotgold Resources Ltd today appointed administrators to assume control of the company. SGZ Cononish Ltd, focused on the gold-silver project near Tyndrum, is expected to enter administration “in the coming days”. Scotgold said that the administrators would work with the board of directors during the administration period to “maximise the outcome for all stakeholders.” Daniel […]
JOG agrees 30% GBA farm-out with Serica
Jersey Oil & Gas plc has agreed to farm out a 30% non-operated interest in the Greater Buchan Area (GBA) licences to Serica Energy (UK) Ltd. PARTNERS The GBA contains several oil and gas accumulations, 150km northeast of Aberdeen, of which the largest is the Buchan field. Buchan prouced for 30 years before operations stopped […]