Tertiary Minerals plc subsidiary in Zambia has signed a binding letter of agreement for First Quantum Minerals Ltd to earn in up to 90% on the Mukai copper project. MILESTONES Exploration licence 27066-HQ-LEL, held by Tertiary’s local partner Mwashia Resources Ltd, covers 55.4km2 and lies in the Domes region of the Zambian copper belt. In September […]
Month: December 2024
Altona chairman Martin Wood steps down
Altona Rare Earths plc non-executive chairman Martin Wood will step down on 10 August after four years on the board. Chief executive officer Cedric Simonet said: “On behalf of the board and the executive team, I want to extend our deepest thanks to Martin for his four years of dedicated service to Altona, during which […]
Prospex raises £3.34m for stake in Viura
Prospex Energy plc has raised £3.34 million to acquire up to a 10% indirect interest in the Viura producing gas field in northern Spain. HEYCO The company’s original placing and subscription was of 54.5m new ordinary shares of 0.1p, at 6 pence per share. The placing increased from 47.5m new ordinary shares announced yesterday to […]
Helium One encounters ‘higher’ shows in ITW-1
Helium One Global plc said it had encountered higher shows than previously after it re-entered and deepened the Itumbula-1 West well at Rukwa in Tanzania. DEPTH The company said that existing hole conditions were “very good”, enabling re-entry beneath the 9⅝” shoe. Drilling into the Basement has now reached a new total depth of 1,129m measured […]
Kistos issues 1.7m incentive share options
Kistos Holdings plc has issued in total 1,776,923 share options to certain directors and also adopted its share incentive plan for qualifying employees and subsidiaries. DIRECTORS The issued options over ordinary shares of £0.01 each in the company, under the 2021 equity incentive plan, have an exercise price of £1.30 per ordinary share. The EIP […]
EGT begins drilling at Olserum
European Green Transition plc has begun low cost diamond drilling for 1,500m at its Olserum rare earth elements project in Sweden. PARTNER Up to seven holes are planned at the Djupedal prospect, targeting outcropping mineralisation along the 1km trend. The company said that the first hole was in the vicinity of the historic magnetite iron […]