Critical Mineral Resources plc has completed its first purchase and sale of high grade lead concentrate under its expanding trading joint venture in Morocco. ORIGIN The company’s strategy is to buy and raw ore and concentrates from small scale miners and aggregators. CMR noted that Morocco is a “significant” lead producer with approximately “120,000 tonnes […]
Month: January 2025
Guardian receives £66,999 via warrant exercise
Guardian Metal Resources plc received £66,999.89 following notice to exercise warrants over a total of 394,117 new ordinary shares of 1 pence each at 17p per warrant share. Following admission, the company’s issued share capital will comprise 122,406,991 ordinary shares of 1p each, with voting rights. Guardian is exploring for base and precious metals, lithium and […]
Orcadian to sell 50% of HALO
Orcadian Energy plc has agreed to sell 50% of the ordinary shares of HALO Offshore UK Ltd to Independent Power Corporation plc. COSTS IPC founder and chief executive Peter Earl as well as Mark Preece will join directors Alan Hume and Steve Brown, who is also Orcadian CEO, on the HALO board. Both companies aim […]
Poor weather delays Galactica-Pegasus drilling
Helium One Global Ltd’s partner has deferred drilling at the Galactica-Pegasus helium project because of saturated ground caused by poor weather. COSTS The company holds a 50-50 joint venture with operator Blue Star Helium in the Las Animas County project, Colorado. Ground conditions and snow melt prevented construction of well sites and access roads, but the […]
CMR adds mined copper to trading arm
Critical Mineral Resources plc has added mined copper to its Morocco joint venture trading business. INTEGRATION The acquisition and sale of high-quality copper ore, grading between 5% and 10% copper, from a small scale mine in the Anti-Atlas follows the company’s trade earlier this month of mined silver. The transaction is in line with the […]
Orcadian welcomes new Fynn Beauly partner
Orcadian Energy plc has welcomed its new partner for licence P2634, containing the Fynn Beauly oil discovery, in which the company holds a 50% interest. SCALE Serica Energy plc agreed the acquisition from The Parkmead Group’s UK and Netherlands exploration assets sale. The “very substantial viscous and heavy oil discovery” has a gross P50 contingent […]