Altona Rare Earths plc has appointed Hilton Banda as a non-executive director with immediate effect. Mr Banda, aged 35, is a qualified geologist and group chairman of Akatswiri Holdings Ltd in Malawi. Akatswiri is the parent company of a number of resources focused companies including Akatswiri Rare Earths Pvt Ltd,…
Altona Rare Earths plc announced it had completed on time and within budget its 2021 drill programme at its Monte Muambe project in Mozambique. Sampling: Altona will focus on Chambe in Malawi while awaiting results from Monte Muambe (Altona Rare Earths) PHASE I The company drilled five diamond drill holes…
Altona Rare Earths plc has decided against exercising its option to acquire 51% of Leadway Group Ltd because it was unable to complete due diligence on the Nankoma project in Uganda. Incomplete: Nankoma tenement's characteristics are insufficiently favourable to justify further cost and exploration (CI-ARS-USDA-Greb-013-600) The company today said that Nankoma,…
UK Oil & Gas plc (UKOG) is nearing the restart of its Turkish operations after explosive permits were secured for the 7-inch perforating guns to test the Pinarova-1 exploration well. OIL The guns, fully capable of penetrating the well’s 9⅝-inch casing, are now ready for transport to the site. UKOG said it was currently liaising […]
Europa Oil & Gas (Holdings) plc faces an attempt to remove and replace chief executive officer William Holland and chief operating officer Alastair Stuart with former directors Paul Barrett and Erika Syba. DEFICIENCES The company said it had received a letter attempting to requisition a general meeting from a group of shareholders, including Mr Barrett […]
Galantas Gold Corporation has entered into a loan agreement for US$1.06 million (£800,000) with Ocean Partners UK Ltd for working capital and Cavanacaw gold mine in Omagh, Northern Ireland. TERMS Galantas said in a statement that the loan would carry an interest at an annual rate of 10% and is payable six months from the […]
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