Helium One Global Ltd’s losses more than quadrupled from a busy year at its operations in southern Rukwa, Tanzania and its new joint venture in Colorado, USA. BUSY Results for year ended 30 June 2024 showed a total comprehensive loss of US$11,012,204 compared with $2,672,915 for the year to 30 June 2023. The company said […]
Month: December 2024
EnQuest lowers FY production after outage
EnQuest plc said full year production would be slightly lower than guidance after Magnus was shut in following an unplanned outage at the Ninian central platform. INVESTMENT The company led a short dive support vessel campaign in early November to inspect and repair the subsea hydraulic system. Production at the field has now returned to […]
Kavango drills for large scale potential at Nara
Kavango Resources plc has begun a new phase of drilling to explore the potential for a “large-scale underground gold mine” at its Nara project in Matabeleland, southern Zimbabwe. STRUCTURE Equity Drilling Zimbabwe will drill an initial three holes for 1,500m to test for laterally extensive gold mineralisation across “multiple” mineralised shears, or reefs. Nara contains […]
CMR sets up JV trading arm in Morocco
Critical Mineral Resources plc has agreed a joint venture to trade mined metals and industrial minerals from Morocco. EXPERTISE The 70-30% deal is with “a Moroccan trading company” which has access to sources of mined materials and international customers. Both partners will also “source metal and mineral concentrates and raw ores” before arranging delivery to […]
British Lithium founder leaves Imerys JV
Cornwall-based joint venture Imerys British Lithium Ltd has reported the resignation of two of its directors. Companies House recorded that, on 12 November, Roderick Smith and Peter Long no longer held the posts. Australian Mr Smith founded British Lithium Ltd, which processed lithium carbonate from Cornish granite on Imerys’ land. Mr Smith’s son, Andrew, resigned […]
UKOG raises £500,000 via placing
UK Oil & Gas plc has raised £500,000 via a placing of 2 billion new ordinary shares at a 26% discounted price of 0.025 pence per share. The company also intends to hold on the same terms a retail offer for shares of £0.000001 each, due to close on 22 November. Following admission of the […]