Altona Rare Earths plc has received “very encouraging” assays from fluorspar ore samples collected last October from the fluorite zone at the Monte Muambe rare earths project in northwest Mozambique. PRODUCTION Returns of an average of 88.03% fluorite (CaF2) exceeded expectations given that the typical range for metallurgical grade fluorspar is 60 to 85%, the […]
Month: March 2025
Block issues 36m shares and 10.5m options
Block Energy plc, focused on Georgia, issued 35,912,008 shares of 0.25 pence each and 10,548,289 nil-cost options over ordinary shares under its performance related scheme. DIRECTORS /PDMRs The company’s renumeration committee made the awards to a senior executive, two management and four staff for the financial year ended 3 December 2024. Additionally, on 6 February […]
Metals issues 318m incentive options
Metals Explorations plc has issued 318 million options under its long term incentive programme to certain directors and senior management. TVR Approval to authorise the directors to issue up to 15% of the company’s issued capital as options was granted at a general meeting in August 2024. Options to subscribe for 221.5m ordinary shares are […]
Karelian extends Kuhmo diamond licences
Karelian Diamond Resources plc has extended its diamond exploration licences over the areas targeted by the upcoming campaign in the Kuhmo region of Eastern Finland. PROVINCE The company was granted a new reservation of Kuumu 1 at the Lentiira in northern Kuhmo, 30 km to the north of the green diamond discovery, with one year […]
Arkle JV to focus spending on Carrickittle West
Arkle Resources plc’s joint venture partner plans to focus expenditure on the Carrickittle West area in the south of the Stonepark zinc project in County Limerick. VALUES Group Eleven Resources Corp’s decision follows a review of prospecting on all seven licences. The Canadian operator, which is awaiting results from three drill holes completed in January […]
Capricorn mulls Waldorf ‘restructure’
Capricorn Energy plc has engaged English and Norwegian counsel after its Columbus field partner Waldorf UK plc announced plans to restructure. ADMINISTRATION The company is awaiting the overdue final US$22.5 million settlement payment relating to the UK central North Sea asset. Capricorn today said: “Under Waldorf’s plan, certain amendments will be made to the terms […]