Cornish Metals Inc plans to sell its Canadian nickel-copper-cobalt properties for C$8 million in cash and shares to focus on the South Crofty tin project in Cornwall. EXPOSURE Nickel King and Opescal Lake, comprising 4,000 hectares in mining leases and mineral claims in the Northwest Territories, are located 135km northeast of Stony Rapids, Saskatchewan. The […]
Month: November 2024
Kavango begins drilling Karakubis
Kavango Resources plc has begun drilling the first 15 high priority targets at the Karakubis project in Botswana’s Kalahari copper belt. DATA The drill holes, identified earlier this month, will check favourable “trap sites” and assess the potential for large scale copper-silver mineralisation. The company said that the 5,000 metre programme would test relatively shallow […]
Reabold notes 33m shares purchase
Reabold Resources plc non-executive director Michael Felton’s spouse bought 33,332,006 ordinary shares each at 0.075 pence. Mr Felton’s, and persons closely associated (PCA) with him, ultimate beneficial ownership is now 58,572,605 ordinary shares. The figure represents 0.57% of the company’s issued share capital.
Rockhopper due first Ombrina Mare payment
Rockhopper Exploration plc said it expected tranche I payment from its Ombrina Mare arbitration award within five business days. The compensation relates to Italy’s ban on oil and gas exploration within 12 miles of the Italian coastline, which affected the company’s activities in the oil field. Rockhopper subsequently went to tribunal at the International Centre […]
Capricorn restarts share buyback
Capricorn Energy plc has restarted the US$25 million share buyback, first announced on in May 2023, of which $21m has to date been repurchased. The company said that the share buyback aimed to reduce its share capital, with the purchased shares to be held in treasury. Capricorn is authorised to purchase a maximum 10,815,854 existing […]
Corcel raises £500,000
Corcel plc has raised £500,000 from the issue of 500,000,000 new ordinary shares of £0.0001 at £0.001 per ordinary share with high net worth investors. The fundraise follows Extraction Srl and a third-party’s inability to provide funds within time for the 15 April equity placing. The 180,000,000 ordinary shares and 180,000,000 warrants which were due to be issued to the […]