First Class Metals plc has issued nearly 91 million shares on today’s publication of an approved prospectus, following a proposed £2.18 million investment in December 2024. OWNERSHIP The Ontario-focused explorer issued 78,552,084 new ordinary shares of £0.001 each to The Seventy Ninth Group Ltd to meet the terms of the investor’s subscription. The balance of […]
Month: March 2025
Union Jack-Reach confirm Moccasin discovery
Union Jack Oil plc reported the commercial discovery of a “significant” oil producer of the joint venture Moccasin 1-13 well located in Pottawatomie County, Oklahoma, USA. ZONES The company holds a 45% working interest while operator Reach Oil & Gas Company Inc owns 55%. The Moccasin structure is a compressive feature associated with the regional […]
Arkle identifies lithium-magnesium in salt pans
Arkle Resources plc has identified lithium and “significant” grades of magnesium from preliminary regional sampling at the Makgadikgadi salt pans in Botswana. DRILLING The company took 20 samples from part of its 937km2 licences, noting “lower grades” of lithium in each one. Arkle said that lithium normally fluctuated in the salt pans and that higher […]
Tertiary appoints Richard Belcher as MD
Tertiary Minerals plc has appointed Richard Belcher as managing director, effective following the company’s general meeting on 7 March. Dr Belcher has more than 22 years’ post PhD geological experience as a contractor andconsulting geologist and he was the company’s exploration manager in Zambia. His experience covers a variety of commodities from early stage to […]
Corcel welcomes production in IRAI field
Corcel plc said that sustained gas production at 20,000m³ a day had been confirmed from the EI-1 well in the IRAI field in the state of Bahia, Brazil. DECISION Operator Petroborn Óleo e Gás S.A. re-entered the well to test the gas zone at 417m and is currently connecting it to existing gas production infrastructure […]
Guardian issues 125,588 shares in warrant exercise
Guardian Metal Resources plc has issued 125,588 new ordinary shares of one pence each following a warrants exercise at 17p per warrant share for a total £21,349.96. Following admission, the company’s issued share capital will comprise 127,019,429 ordinary shares of 1p each. The figure will also represent Guardian’s total voting rights.