Condor Gold plc’s sale to Metals Exploration plc was today overwhelmingly approved by shareholders. HIGH COURT At a court meeting shareholders, together representing more than 75% of the voting rights, agreed to the sale by 99.41%. At a general meeting a total of 99.37% also voted in favour of the proposed transaction. Completion of the […]
Month: January 2025
Guardian raises £750,000 via placing
Guardian Metal Resources plc has raised £750,000 by way of a placing of 2.5 million new ordinary shares of one pence each with a single existing institutional investor at £0.30 per share. TUNGSTEN The placing shares, with no warrants attached, represent 2.00% of the enlarged issued share capital of the company. The investor is UK asset manager Premier […]
Capricorn awaits delayed Columbus payment
Capricorn Energy plc said it was still awaiting the final US$22.5 million settlement payment relating to the Columbus field from Waldorf Production UK plc. EXTENSION The company acquired a non-operated 25% interest in the field when it sold its interests in the Catcher and Kraken fields under revised term in December 2023. After Waldorf missed […]
Tullow ruled exempt from $320m tax
Tullow Oil plc said it was not liable to pay $320 million tax on its offshore Ghana petroleum agreements following today’s ruling from the International Chamber of Commerce. FOCUS The amount relates to the branch profit remittance tax (BPRT) under the Deepwater Tano and West Cape Three Points petroleum agreements, which include the Jubilee and […]
Dalradian poised for public inquiries
Dalradian Gold Ltd is nearing conjoined public inquiries over the next three months for its exploration and mining plans at Greencastle in the Sperrin Mountains, County Tyrone. DECISIONS The Planning Appeals Commission (PAC) deferred its hearing, due to start in September 2024, following the Water Appeals Commission’s concerns over applications relating to water abstraction and […]
Guardian intersects ‘very high grade’ tungsten
Guardian Metal Resources plc said that further “very high grade” tungsten intersections showed “tremendous upside potential” for its wholly owned Pilot Mountain in Nevada, USA. MRE Latest drill core assays from holes PM24-018 to PM24-028 in the Desert Scheelite zone confirm “multiple tungsten, copper, silver and zinc rich intervals”. Results include two highest tungsten intersections […]