Helium One Global Ltd’s partner has spud the Jackson-29 SWNW 3054 development well at the Galactica helium project in Las Animas County, Colorado, USA. READINGS Operator Blue Star Helium is currently preparing to drill intermediate hole section. “The shallow conductor section has been set and blowout preventers are being installed and tested, and the next […]
Author: editorial
FCM chairman resigns in police investigation
First Class Metals plc’s non-executive chairman David Webster, also chairman of its largest investor The Seventy Ninth Group, has resigned following police fraud allegations about the group. COMPANY MOVES Mr Webster has also resigned as a director with the Ontario-focused explorer, a spin-out from Power Metal Resources plc. Companies House records that as at 31 […]
Helium One accepts mining licence for Rukwa
Helium One Global Ltd has formally accepted the mining licence awarded at the end of February for its 480km2 project in the Momba and Sumbawanga Urban Districts in the southern Rukwa Basin, Tanzania. DEVELOPMENT The Tanzanian authorities have also approved the environmental and social impact assessment (ESIA) submitted as part of the company’s mining licence […]
CMR agrees £237,500 loan notes conversion
Critical Mineral Resources plc has reached an arrangement with holders of the July 2024 loan notes that one of its directors buys the balance due of £237,482.52. INVESTORS Dominic Traynor will purchase the loan notes before and convert them into 20,459,728 new ordinary shares of £0.01 each and the remaining 1,129,592 treasury shares at a […]
UKOG suspends trading pending annual report
UK Oil & Gas plc has suspended trading following a delay in publication of its annual report and accounts. The report for year ended 30 September 2024 will not be published by 31 March 2025, the date set according to AIM rules. The company said that trading will be temporarily suspended from 7.30 am on […]
Power Metal looks to sell Silver Peak interest
Power Metal Resources plc has signed an option agreement to sell its 30% interest in Silver Peak Resources Ltd, holding the historic Eureka-Victoria silver mine in southern British Columbia. STREAMLINE In 2020, the company exercised an earn-in option to the project and committed CA$225,000 to ground exploration. In April the following year, Power Metal and joint […]