Cornwall-based joint venture Imerys British Lithium Ltd has reported the resignation of two of its directors. Companies House recorded that, on 12 November, Roderick Smith and Peter Long no longer held the posts. Australian Mr Smith founded British Lithium Ltd, which processed lithium carbonate from Cornish granite on Imerys’ land. Mr Smith’s son, Andrew, resigned […]
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UKOG raises £500,000 via placing
UK Oil & Gas plc has raised £500,000 via a placing of 2 billion new ordinary shares at a 26% discounted price of 0.025 pence per share. The company also intends to hold on the same terms a retail offer for shares of £0.000001 each, due to close on 22 November. Following admission of the […]
Corcel signs option for IRAI gas field
Corcel plc has marked its first onshore Brazilian acquisition with a binding option for a 20% interest in the IRAI gas field in Bahia, with first right of refusal on the remaining 80%. ABUNDANT The agreement with Petroborn Óleo e Gás S.A. also includes a further first right of refusal for 100% of the adjacent […]
Oriole begins inaugural drilling at Mbe
Oriole Resources plc has started an inaugural diamond drilling campaign to confirm the orientation of mineralised zones at its Mbe orogenic gold project in the Adamawa region of Cameroon. MILESTONE Mbe is one of five licences within Oriole’s wider package of contiguous exploration licences, named the Eastern CLP, which covers 2,266 km2, prospective for gold […]
Corcel appoints new chairman and COO
Corcel plc has appointed current independent non-executive director Pradeep Kabra as chairman. He replaces interim postholder Andrew Fairclough who will continue as independent non-executive director on the board and chair of the audit committee. Both first became Corcel directors in December 2023. “I want to express my gratitude to Andrew for his leadership and guidance […]
Helium One to drill at Galactica-Pegasus
Helium One Global Ltd plans to drill five additional wells this quarter at the Galactica-Pegasus project in Las Animas County, Colorado, USA. PARTNERS The company is farming into the project operated by Blue Star Helium which has now received permits to start operations. The new wells, comprising Jackson-27 SWSE, Jackson-31 SENW, Jackson-29 SWNW, Jackson-2 L4 and Jackson-4 […]