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Metals & Minerals News

Power uranium JV renamed Fermi Exploration

Power Metal Resources plc’s uranium joint venture with UCAM Ltd has been named Fermi Exploration Ltd. The company said that the name commemorated the pioneering work of Italian-American physicist Enrico Fermi in developing the first nuclear reactor. Fermi Exploration is registered in Vancouver, Canada. The JV’s assets include all licences previously held by Power Metal in […]

Metals & Minerals News

Condor receives non-binding buyout offers

Condor Gold plc has received non-binding offers including a $90.1 million cash-shares acquisition by Metals Exploration plc and an undisclosed proposal from Calibre Mining Corp. GALLOWAY Condor’s 24.7% shareholder Galloway Ltd, owned by Condor non-executive chairman Jim Mellon, has made an irrevocable undertaking to sell its share to Metals. Galloway holds 50,512,597 shares and 892,857 share […]

Finance Metals & Minerals News

Guardian receives £97,839 via warrant exercise

Guardian Metal Resources plc has received £97,839.59 following notice to exercise warrants over a total 575,527 new ordinary shares of 1 pence each at 17p per warrant share. On admission, the company’s issued share capital will comprise 119,937,912 ordinary shares of 1p each, with voting rights. Guardian is exploring for tungsten, lithium, base and precious metals in Nevada, […]

News Oil & Gas

Hartshead restarts Anning-Somerville project

Hartshead Resources NL said that the southern North Sea gas joint venture project on the Anning and Somerville fields has restarted following the Government’s Budget in October. SCHEDULE The Australian company is reviewing revised export routes and has meetings next month with the North Sea Transition Authority and partner Rockrose Energy Ltd, subsidiary of Viaro […]

Finance Metals & Minerals News

Hummingbird issues 863m shares to clear debt

Hummingbird Resources plc issued 863,079,491 new ordinary shares of nominal value £0.01 at 2.6777 pence per share to convert £23.1 million of loan facilities from its main creditor. The conditional binding two-tranche subscription by CIG and Nioko Resources Corporation follows the proposed debt-to-equity conversion announced in early November. Hummingbird faces a buyout and delisting after […]