Karelian Diamond Resources plc has received “positive” kimberlite indicator minerals results from till samples excavated at the green diamond target area in the Kuhmo region, Eastern Finland. SOURCE The kimberlite indicator minerals (KIM) were found in 19 of 21 till samples, up-ice of the green diamond discovery. Sampling was also conducted as close as possible […]
Month: March 2025
Tertiary drills anomalous copper at Brunton Pass
Tertiary Minerals plc has intersected “thick intervals containing anomalous copper values”, possibly in the halo of a porphyry deposit, at its Brunton Pass copper-gold project in central Nevada, USA. THESIS The first pass phase I drilling programme, started in November 2024, comprised four reverse circulation percussion drill holes for a total 890m. The company said […]
Serica extends OFAC licence for Rhum
Serica Energy plc has secured a two-year extension to its OFAC licence and secondary sanctions assurance relating to the Rhum field in the UK Northern North Sea. BENEFIT The licence and assurance permit certain US and US-owned or controlled entities, and all non-US entities, to continue providing goods, services and support to the field. Issued […]
Hummingbird nears delisting
Hummingbird Resources plc is scheduled to cease trading on 28 February after its major creditor Nokio Resources Corporation secured 75% or more of the company earlier this year. MINES Cancellation of admission to trading is expected at or shortly after 7am on 3 March 2025, after which the company is intended to re-register as a […]
Red Rock issues 71m shares for advance
Red Rock Resources plc has issued 71,428,571 new ordinary shares of 0.01 pence each at a subscription of 0.035 pence per share to convert a £25,000 advance from an existing shareholder. TVRs The issued shares have accompanying 71,428,571 warrants, exercisable at 0.045 pence per share at any time before 24 February 2028. Following admission, Red Rock’s […]
Panther publishes prospectus
Panther Metals plc has today published a prospectus to allow it to trade on the main market of the London Stock Exchange, following the conditional fundraise in January. The placing involved the issue of 910,000 ordinary shares of no par value at a price of 50 pence per each, raising £455,000. Following admission, the Ontario-focused […]