Borders & Southern Petroleum plc has raised £200,000 through the issue of 4,210,526 shares at 4.75 pence each in a retail offer “almost three times oversubscribed”. SOUTH FALKLAND The funds raised add to the company’s placing and subscription last week, taking the total to £2.2 million. Following admission, Border’s total number of ordinary shares in […]
Month: March 2025
Guardian verifies extended gold mineralisation
Guardian Metal Resources plc confirmed extended “high grade gold mineralisation” from trenching results at Golconda Summit in the Walker Lane mineral belt, northern Nevada, USA. ZONES The November 2024 sampling totalled 527 metres across 10 trenches in the ‘Trench’ and ‘Thrust’ zones. The programme’s objective was to confirm high-grade structures identified by previous operators and test […]
Tertiary nears 3,000m in Konkola West drillhole
Tertiary Minerals plc’s earn-in partner is approaching the deeper-than-planned drill depth of 3,000 metres in the first hole at the Konkola West copper project in Zambia. GROUND-BREAKING The company said that operator KoBold Metals Company had drilled past 2,600m in hole KWDD001 and was drilling in the Kitwe Formation, which forms the upper part of […]
Power Metal signs SPA for 29.7m Guardian shares
Power Metal Resources plc’s uranium portfolio partner has become the largest shareholder in spin-out Guardian Metal Resources plc following a legally binding sale and purchase agreement. INVESTOR Announced earlier this month, UCAM Ltd has bought from Power Metal 29,758,334 shares in tungsten-focused Guardian along with warrants over 986,352 ordinary shares for £9,225,083.91 before costs. UCAM now holds 23.45% […]
Corcel notes start of workover on IRAI
Corcel plc said that a workover had started in the EI-1 well on the IRAI gas field located in the state of Bahia, onshore northeast Brazil. PROMISING Field operator Petroborn Óleo e Gás S.A’s work is part of a two-well workover programme. Corcel holds an option to acquire an interest in the field, which lies […]
Red Rock pursues DRC arbitration
Red Rock Resources plc said it remained on course with its arbitration proceedings in the Democratic Republic of Congo, despite conflict and demonstrations. PARTNERS Chairman Andrew Bell added: “Inevitably the invasion in the east of the country has been a distraction and caused delay, including days when offices were shut and flights cancelled. “By maintaining […]