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 […]
Month: January 2025
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 […]
United receives $591,595 over Abu Sennan
United Oil & Gas plc has received US$591,595 relating to receivables from its previous interest in the Abu Sennan licence, onshore Egypt. The payment, expected to be $620,000, was from national oil company Egyptian General Petroleum Corporation. United said it continued to engage with EGPC regarding a small outstanding balance.
Cornish Lithium appoints Gary Steven as NED
Cornish Lithium plc announced new board changes with the appointment of Gary Steven as a non-executive director while NED Adam Howard steps down. Mr Howard leaves with immediate effect to become chief financial officer at Invinity Energy Systems. “I extend my thanks to Adam for his contributions as a non-executive director and wish him every […]