Angus Energy plc has signed a heads of terms for a further six-month bridge loan of £6 million. USES The company added that the previous £3m debt facility from March 2023 had been rolled according to its terms for a further three months. Terms of the £6m facility will be agreed next week. Funds will […]
Finance
Golden Metal begins grant application for Pilot
Golden Metal Resources plc has started the application process for a short list of non-dilutive government grants for its Pilot Mountain tungsten project in Nevada, USA. TARGETED Funding will allow the company to “fast-track” its flagship asset and establish Pilot Mountain as the “only domestic American primary mined source of tungsten”. The move follows the company’s appointment […]
Predator receives £1.9m from directors’ shares sale
Predator Oil & Gas Holdings plc received a £1,890,000 loan before expenses after two directors sold 18 million shares. PROSPECTUS Predator said it had insufficient headroom for the issue and admission of new ordinary shares without an FCA-approved prospectus, which it expects to complete “in the coming weeks”. The company aims to publish a revised […]
Cadence notes priority pegmatite targets at Bynoe
Cadence Minerals plc portfolio company Evergreen Lithium Ltd has identified priority pegmatite targets within the Bynoe project in the Northern Territory of Australia. BLIND PEGMATITES Evergreen used ambient noise tomography (ANT) to measure the seismic velocity of the subsurface in three dimensions. The survey aimed to identify potential lithium bearing pegmatites at depth, otherwise known […]
Cora Gold appoints advisor for $70m loan
Cora Gold Ltd has appointed Atlantique Finance as sole adviser on a medium-term US$70 million loan in CFA* franc (XOF) to help construction at the Sanankoro gold project in southern Mali. DEBT MANDATE Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group […]
UKOG secures £3m loan
UK Oil & Gas plc (UKOG) has secured a £3 million loan to fund planned activities over the next 12 months at its onshore operations in England and Turkey. USES The loan, from previous lenders RiverFort Global Opportunities PCC Ltd and YA II PN Ltd, holds 0% interest and is repayable 18 months after each […]