Oriole Resources plc said it was seeking an investment partner for its lithium project in the 4,091km2 Central Licence Package (90%) in Cameroon. ANOMALY Of the nine licences originally chosen for orogenic gold mineralisation and other minerals, Ndom and Gamboukou in the Eastern CLP have shown lithium-bearing pegmatites from mapping and sampling. Chief executive officer […]
Finance
Angus in talks to refinance debts with $25m loan
Angus Energy plc has signed a non-binding conditional agreement for an 18-month loan of up to US$25 million with Aleph Commodities Ltd. If both parties proceed, the funds will refinance the £7.35m outstanding under the senior facility and the £3m and £6m bridge loans. The company is also in discussions with another financial provider for […]
Angus chairman George Lucan steps down
Angus Energy plc executive chairman and former chief executive officer George Lucan has stepped down from his post and aims to leave the board in mid-August. The announcement, effective on 14 July, came with agreement of the £6 million loan arranged by Aleph Commodities Ltd. Mr Lucan said that completion of the financing was an […]
CRL to re-apply for grant following refusal
Cornwall Resources Ltd will reapply for grant funding after its submission was refused as the company also considers American backing to develop the Redmoor tin-tungsten project. SOURCES Cornwall and Isle of Scilly Council, due to respond in June, rejected the company’s bid to the Shared Prosperity Fund. The new modified application, based on feedback from the […]
Power Metal completes early Authier North earn-in
Power Metal Resources plc has negotiated early completion of the earn-in to a 100% interest at the Authier North lithium project in Quebec. CASH AND EQUITY The agreement from July 2021 is for Authier North and Duval East in the Val d’Or mining camp approximately 45km northwest of the city of Val d’Or. The company said it had […]
Hartshead pursues third-party funding
Hartshead Resources NL has taken further steps to secure third-party funding for phase I development on P2607 gas licence in the UK southern North Sea. SURVEYS The Australian company has appointed corporate finance energy sector specialist Carlingford-GFI, extended its mandate with LAB Energy Advisors Ltd, and is exploring “multiple parallel options” to secure funds. Options […]