Metals & Minerals News

Power Metal reduces voting rights in FCM

Posted on Author editorial Comment(0)

Power Metal Resources plc has reduced its voting rights in its spin-out company First Class Metals plc.

A TR-1 notification shows that the decrease from 19.5 to 9.9%, equal to 19,033,802 voting rights, took place on 3 March 2025.

FCM holds gold, nickel, copper and lithium assets in Northern Ontario, Canada.

Related Articles
Metals & Minerals News

Cornish Metals receives $670,400 via warrant exercise

Posted on Author editorial

Cornish Metals Inc said it had received $670,400 after Barkerville Gold Mines, a wholly owned subsidiary of Osisko Development Corp, exercised 9,577,143 previously issued common share purchase warrants. The warrants were issued following Cornish Metals’ private placement financing completed on 3 February, 2020. As a result of the exercise, Barkerville now owns 53,833,333 common shares […]
ESG News Oil & Gas

Offshore oil and gas licence review will ensure net zero

Posted on Author editorial

The Government is to review its policy on the UK’s future offshore oil and gas licensing regime as part of its plans to achieve net zero emissions by 2050. Initial findings and next steps will be published in the forthcoming Energy White Paper. More than half of the UK’s electricity comes from renewables including wind […]
Equipment & Logistics News Oil & Gas

IOG delayed by gas-oil influx in Blythe H2

Posted on Author editorial

IOG plc encountered “abnormally pressured gas and oil influx” while drilling the Blythe H2 development well at the Saturn Banks project in the southern North Sea. H2 WELL The H2 well is being drilled by the Shelf Perseverance jack-up drilling rig under IOG’s contract with Shelf Drilling (UK) Ltd. Petrofac is the well operator. IDENTIFIED […]