Oriole Resources plc has granted in aggregate 166,700,000 share options to directors and certain members of staff for securing the BCM International Ltd earn-ins and as incentives. DIRECTORS’ DEALINGS The options have an exercise price of 0.33 pence per ordinary share, representing a 14% premium. Equivalent to 4.28% of Oriole’s current issued share capital, […]
Month: December 2024
Wressle JV to submit GHG emissions analysis
The Wressle joint venture will submit details on downstream emissions for the onshore oil project after the local authority rescinded its earlier planning permission as the companies anticipated. CONFIDENT Europa Oil & Gas (Holdings) plc and Union Jack Oil plc said last month that they expected the September consent to be quashed after North Lincolnshire […]
Alba acquires Tanzania gold options
Alba Mineral Resources plc has acquired an option to earn into a portfolio of gold licences, including “near-term” production opportunities, in northern Tanzania. VALUE The move follows the company’s signing an option last week for the Finnsbo rare earth project in eastern Sweden. Alba said that the Tanzanian licences were in the same district as […]
Karelian appoints Brendan McMorrow as chairman
Karelian Diamond Resources plc has appointed non-executive director Brendan McMorrow as non-executive chairman with immediate effect. Mr McMorrow, who became a board NED in November 2018, replaces founder and executive chairman Professor Richard Conroy who died last month. Karelian is exploring for diamonds in Finland and copper, nickel and platinum group metals in Northern Ireland.
WGE survey indicates numerous anomalies at Lorne
Western Gold Exploration Ltd reported “strong depth and near-surface potential” from a 779-line km helicopter survey at the Lorne porphyry district in Argyll, Scotland. WIDESPREAD Magnetotelluric (MT) geophysics over the Lagalochan and Ardlochan prospects also identified “other possible porphyry-related centres” across the company’s Crown Mines Royal licence. The Canadian company said it was the first […]
Hummingbird faces delisting and buyout
Hummingbird Resources plc could be delisted and bought out after it agreed to convert US$30 million debt into shares for its main creditor. CHALLENGES Negotiations on debt restructuring continue with the company’s primary lenders Coris Bank International and CIG SA and its largest shareholder Nioko Resources Corporation. Hummingbird said that challenges at Yanfolila in southern […]