Altona Rare Earths plc is assessing potential new low-cost entry metals opportunities in Africa to balance its flagship Monte Muambe project. RISK The company said that following a review of its corporate strategy the time was right to add further rare earths interests as well as other raw materials such as copper, lithium and niobium. […]
Month: December 2024
Golden Metal finds strong mineralisation at Kibby
Golden Metal Resources plc’s technical review encountered “strong” lithium mineralisation in brines and clays at its Kibby North and Kibby South properties in Nevada, USA. TARGET CONDUCTOR The findings come from historical datasets as well as liaison with multiple groups who conducted work on the nearby third-party held lithium claims. Lithium mineralisation was encountered in Marquee drillhole […]
Red Rock offered Central America oil and gas assets
Red Rock Resources plc said it had been conducting due diligence on a private offer of “some promising hydrocarbon assets” in Central America. PROGRESS Chairman Andrew Bell added that the assets had the potential to restore the company’s “nine-year-old oil and gas function”. “We are always ready to look at highly prospective projects, especially ones […]
Crogga appoints Richard Hubbard as director
Crogga (UK) Ltd has appointed its chief executive officer Dr Richard Hubbard as a director. Companies House recorded the appointment effective from 14 February 2024. The exploration company, established in 2017, is targeting the Crogga field, offshore Isle of Man. In the 1990s, BP estimated the field held 1tcf gas in place.
Baron Oil raises £3m for Chuditch appraisal
Baron Oil plc raised £3.26 million via a placing, subscription and retail offer of a total 6,528,023,360 new ordinary shares of 0.025p each in the company, at 0.05 pence per new ordinary share. DIRECTORS’ DEALINGS The oversubscribed placing and subscription conditionally raised net proceeds of £2.7m for 6bn new ordinary shares. Chief executive officer Andrew Yeo subscribed for 12m […]
Capricorn spends £15m to date on share buyback
Capricorn Energy plc has to date bought 6,023,127 ordinary shares for cancellation for £15,412,453.41 including costs, under its May 2023 repurchase programme. The figure includes yesterday’s purchase of 16,852 shares each at a weighted average price of 124.32p. Following cancellation of the 16,852 shares, Capricorn will have 92,999,643 ordinary shares in issue, each with voting rights. […]