Critical Mineral Resources plc has reached an arrangement with holders of the July 2024 loan notes that one of its directors buys the balance due of £237,482.52. INVESTORS Dominic Traynor will purchase the loan notes before and convert them into 20,459,728 new ordinary shares of £0.01 each and the remaining 1,129,592 treasury shares at a […]
Tag: extractive industries
UKOG suspends trading pending annual report
UK Oil & Gas plc has suspended trading following a delay in publication of its annual report and accounts. The report for year ended 30 September 2024 will not be published by 31 March 2025, the date set according to AIM rules. The company said that trading will be temporarily suspended from 7.30 am on […]
Power Metal looks to sell Silver Peak interest
Power Metal Resources plc has signed an option agreement to sell its 30% interest in Silver Peak Resources Ltd, holding the historic Eureka-Victoria silver mine in southern British Columbia. STREAMLINE In 2020, the company exercised an earn-in option to the project and committed CA$225,000 to ground exploration. In April the following year, Power Metal and joint […]
Tullow NED acquires 700,000 shares
Tullow Oil plc non-executive director Roald Goethe has purchased 700,000 ordinary shares of 10 pence each in the company for a total £103,390. The acquisition, in two blocks of 250,000 and two of 100,000 shares, were at a price between 14.6 and 15.07 pence per ordinary share. The transactions took place on 25 March 2025.
United secures more time for Walton Morant
United Oil & Gas plc has secured an early two-year extension until 31 January 2028 to its Walton Morant licence offshore southern Jamaica. PARTNER The 22,400km2 block holds “multiple plays and prospects” and more than seven billion barrels mean/mid case recoverable unrisked prospective resources, based on internal estimates. The company will use the extra time […]
Block acquires share in Martkopi Terrace
Block Energy plc has acquired a 10% participating interest in the XIQ production sharing contract containing Martkopi Terrace prospect with 267.2 MMbbl prospective resources in Georgia. STRATEGY XIQ comprises six PSCs of XIC, XIK, XIM, XIN, XIQ and Didi Lilo, which were combined in 2024 to create the enlarged single PSC to attract a farm-in […]