Prospex Energy plc has more than doubled production and revenue from its producing assets with the start of gas sales from the completed Viura-1B development well in northern Spain. EXPANSION Flow testing is underway at rates of up to 500,000 standard cubic metres per day, (17.7 million standard cubic metres per day), with 72,000 scm/d (2.6 MMscfd) net […]
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Sunrise ships pozzolan bulk sample for trials
Sunrise Resources plc has mined and shipped a 20-ton bulk sample for trial to an established minerals company its CS natural pozzolan project in south central Nevada, USA. INVESTMENT The potential customer’s laboratory testing will include milling and mixing the sample with other cementitious materials for evaluation. Earlier this month, Sunrise announced that the CS […]
CMR expands trading JV with lead concentrate
Critical Mineral Resources plc has completed its first purchase and sale of high grade lead concentrate under its expanding trading joint venture in Morocco. ORIGIN The company’s strategy is to buy and raw ore and concentrates from small scale miners and aggregators. CMR noted that Morocco is a “significant” lead producer with approximately “120,000 tonnes […]
Guardian receives £66,999 via warrant exercise
Guardian Metal Resources plc received £66,999.89 following notice to exercise warrants over a total of 394,117 new ordinary shares of 1 pence each at 17p per warrant share. Following admission, the company’s issued share capital will comprise 122,406,991 ordinary shares of 1p each, with voting rights. Guardian is exploring for base and precious metals, lithium and […]
Orcadian to sell 50% of HALO
Orcadian Energy plc has agreed to sell 50% of the ordinary shares of HALO Offshore UK Ltd to Independent Power Corporation plc. COSTS IPC founder and chief executive Peter Earl as well as Mark Preece will join directors Alan Hume and Steve Brown, who is also Orcadian CEO, on the HALO board. Both companies aim […]
Poor weather delays Galactica-Pegasus drilling
Helium One Global Ltd’s partner has deferred drilling at the Galactica-Pegasus helium project because of saturated ground caused by poor weather. COSTS The company holds a 50-50 joint venture with operator Blue Star Helium in the Las Animas County project, Colorado. Ground conditions and snow melt prevented construction of well sites and access roads, but the […]