Critical Mineral Resources plc has signed its first exclusive off-take contract for high-grade antimony ore mined by a small scale operator in Morocco. UNRIVALLED The renewable six-month contract covers purchase of all crude ore greater than 10% antimony mined at the source. The company, whose main focus is exploration for silver, said that the antimony […]
Month: December 2024
Helium One issues 15.7m shares for Itumbula test
Helium One Global Ltd has issued 15,716,133 ordinary shares in the company in lieu of cash payment for services provided on the Rukwa licence, Tanzania. The shares issue covers services during the extended well test on Itumbula West-1 earlier this year and was agreed with the provider company before the operation. Following admission, Helium One’s issued […]
Power Metal extends deadline for Qatan deal
Power Metal Resources plc has extended the period to finalise a formal binding earn-in agreement for the Qatan exploration licence in southern Saudi Arabia. NAJRAN The company signed a non-binding letter of intent in September with Al Masane Al Kobra Mining Company (AMAK) for a 49% stake in the licence by spending US$3 million. Power Metal and […]
Guardian chairman steps down
Guardian Metal Resources plc non-executive director and chairman David Ovadia has stepped down. His replacement from 11 December is independent non-executive director J.T. Starzecki who will additionally be a member of the remuneration committee. The company has also appointed Benjamin James Hodges as financial director, effective from today. Mr Ovadia was chairman of Guardian and […]
Panther completes Dotted Lake extended drilling
Panther Metals plc has completed its extended phase I diamond drilling at Dotted Lake on the north limb of the Schreiber-Hemlo greenstone belt in Ontario, Canada. SAMPLES The company said it had drill tested initial target areas C, D, E and F, increasing operations from the original 1,200 metres to 1,558m across five holes. Operations […]
Ascent appoints Gilles Thieffry as chairman
Ascent Resources plc said it intended to appoint Gilles Thieffry to the board as non-executive chairman. The company also created a new joint venture special purpose vehicle with Delta Energy Corp SARL, focusing on new development opportunities in “world-class proven hydrocarbon basins”. Mr Thieffry has four decades’ legal experience with expertise in capital markets, structured […]