Metals & Minerals News

Ascent signs deal for Latam and Africa metals opportunities

Ascent Resources plc has signed a deal with Beryl International (Pty) Ltd to identify and potentially fund jointly “ESG [environment, social and governance] metals” opportunities in Latin America and Africa. COLLABORATION The strategic collaboration agreement will involve potential projects including Latam ESG metals already identified by Ascent and new African opportunities introduced by Beryl.  The […]

Company Moves News Oil & Gas

Ascent to appoint Marco Fumagalli as NED

Ascent Resources plc has proposed to appoint Marco Fumagalli to the board as a non-executive director. On appointment, he will become chairman of the company’s audit committee. Mr Fumagalli is an Italian businessman and industrial investor who was previously a group partner at multinational private equity and venture capital company 3i. He is a funding […]

Finance News Oil & Gas

Ascent raises £600,000 via placing and restructures debt

Ascent Resources plc has raised £600,000 in a placing and restructured its debt with lender Riverfort. DISCOUNT The company issued 15,000,000 new ordinary shares of 0.5 pence each to new and existing shareholders, at a price of 4 pence per placing share. The placing price represents an approximate 5% discount to the closing mid-market price […]

Metals & Minerals News Oil & Gas

Ascent awards 4.6m share options to employees and PDMRs

Ascent Resources plc has awarded 4.6 million options over ordinary shares to certain employees and persons discharging managerial responsibilities (PDMRs). PDMRs The performance vesting criteria for the options is the execution of a cash-generating ESG metals transaction consistent with the company’s strategy, said Ascent. Executive chairman James Parsons and chief executive officer Andrew Dennan each […]

Finance Legal News Oil & Gas

Ascent to receive further revenues from Slovenia JV

Ascent Resources plc today said it had reached an agreement over further hydrocarbon revenues from the joint venture (JV) operations within the Petisovci concession area in Slovenia. DISPUTES The legacy disputes are between the company and its Slovenian JV partner Geoenergo and the JV operating service provider Petrol Geo. In August 2022, Ascent received its […]