Finance Metals & Minerals News Oil & Gas

Corcel receives £400,000 of fundraise

Corcel plc has to date received £399,750 cash of April’s £1.3m fundraise. The company will issue 79,950,000 of tranche I shares, including 39,975,000 shares to director Geraldine Geraldo. The company will also issue 79,950,000 warrants. Corcel expects the balance of the tranche I funds of £400,000 and the tranche II funds of £500,000 in due course. […]

Metals & Minerals News

Golden Metal starts 2,000m drilling on Pilot

Golden Metal Resources plc has begun 2,000m diamond drilling on its 100% owned flagship Pilot Mountain tungsten project in Nevada, USA. HIGH IMPACT The phase I campaign focuses on strategic resource expansion at the main Desert Scheelite zone, which hosts the “largest known tungsten resource on American soil”. Drilling will also explore brownfield targets by searching known or […]

News Oil & Gas

Harbour notes ‘significant’ South Andaman discovery

Harbour Energy plc’s partner has made a “significant” gas discovery on the South Andaman licence, offshore Sumatra in Indonesia. APPRAISAL Operator Mubadala Energy’s announcement on the Tangkulo-1 exploration well follows the major discovery at Layaran-1 well on South Andaman in December 2023. The partners aimed to prove up additional volumes in the shallower Tangkulo prospect […]

Metals & Minerals News

Panther CEO buys 150,000 shares

Panther Metals plc chief executive officer Darren Hazelwood bought 150,000 ordinary shares of no par value in the company, a price of 5.25 pence per ordinary share. The purchase for £7,875 took place on 9 May 2024. Following the transaction, Mr Hazelwood has an interest in 4,786,666 ordinary shares, representing 5.156% of the company’s existing […]

Metals & Minerals News

Tertiary to begin exploration at Mupala

Tertiary Minerals plc has received approval to begin mineral exploration at its Mupala copper project in the Domes region of northwest Zambia. PROGRAMME The company received consent for its environmental project brief and from the Sailunga Chiefdom. Work programmes, expected to begin next month, will include soil sampling to verify identified soil anomalies and help […]

Metals & Minerals News

CRL begins Tamar Valley exploration

Cornwall Resources Ltd (CRL) has progressed activities at its Redmoor project and started exploration on its new Tamar Valley licence. PLANTATION VEIN Relogging of 3,786m of historical core from six boreholes at Redmoor contains approximately 27% of the company’s existing drill core. CRL will send a selected a total sample length of 177.45m from 129 […]