Central Asia Metals plc has completed its £3 million initial investment in nickel-copper-cobalt explorer Aberdeen Minerals Ltd. The company now has 35,294,117 shares, purchased at a price of 8.5 pence per share, and a 28.7% shareholding in Aberdeen. Central Asia also received warrants to invest an additional £2m at a price of 11 pence per share […]
Day: 19 December 2024
Ascent changes board in strategic deal
Ascent Resources plc plans to appoint Ibrahim Diab as executive chairman and has appointed Lionel Therond as chief financial officer. The changes are in a “strategic collaboration” with Delta Energy Corp SARL. Mr Diab and Eric Faillenet, former managing director at Carlyle International Energy Partners and previously a Perenco senior executive, co-founded London and Luxembourg based-Delta. […]
Deltic given more time to find Pensacola partner
Deltic Energy plc has been granted more time to find a farm-in partner for the southern North Sea licence P2252 containing the Pensacola gas discovery. APPRAISAL The company had until the end of May to find £15 million for its share of the costs or withdraw from its 30% licence interest. Deltic today said that […]
Kavango identifies first Karakubis drill targets
Kavango Resources plc has identified the first five high priority targets for phase 1 drilling on the Kalahari copper belt (KCB) Karakubis project in Botswana. TRAPS The company holds all or the majority of 18 licences over more than 6,200 km2 with the potential for multiple large scale copper-silver deposits. Karakubis covers four of the […]
Power Metal plans Canada uranium JV
Power Metal Resources plc has signed a binding £2 million subscription as loan notes with a possible further £10m initial investment for a proposed Canada uranium joint venture. DISCUSSIONS Through its local subsidiary, the company holds 16 properties over a combined 92,407ha (924.07km2), surrounding and within the Athabasca Basin in northern Saskatchewan. The investment follows Power […]