i3 Energy plc has agreed to a £174.1 million (US$225.4m) cash and share bid for its entire share capital from Gran Tierra Energy Inc. RECOMMENDATION I3’s portfolio comprises operations in Central Alberta, Clearwater, Elmworth/Wapiti and Simonette in the Western Canadian Sedimentary Basin. The company also holds 75% of Outer Moray Firth licence P2358, containing the […]
Tag: extractive industries
Kavango notes ‘extensive’ anomalous gold in soil
Kavango Resources plc said it had identified extensive anomalous gold in soil from sampling results at prospect 4 of the Hillside project in Matabeleland, southern Zimbabwe. ORE BODY The programme was over a 1.5km² area “underlain by greenstones and granites offset by a regional shear with multiple quartz-vein complexes producing gold from artisanal surface workings”. […]
Altona appoints Simon Charles as chairman
Altona Rare Earths plc has appointed Simon Charles as chairman, with immediate effect. He first joined the company in June 2023 as an independent non-executive director and chair of the audit committee and the compliance committee. Mr Charles is a solicitor and a senior partner at City solicitors Marriott Harrison LLP. He replaces Martin Wood […]
Cornish Metals drill proves ‘large scale’ tin target
Cornish Metals Inc said its 9,000m drilling programme of 14 holes had successfully validated “a new, large-scale, tin-bearing exploration target” of Wide Formation, in Carn Brea South. EXPLORATION The campaign began in September 2023 and today’s reported results are from the final eight holes. Mineralisation was traced over a 2,500m extent up to 800m down […]
Union Jack increases Oklahoma interests
Union Jack Oil plc today confirmed two commercial successes and expansion of its onshore portfolio in Oklahoma, USA. ANDREWS Spud in March and targeting the Hunton Limestone, Andrews 1-17 in Seminole County underwent restricted and periodic test production during late May 2024. The company said that the well had since produced 6,460 barrels of high-quality, […]
Red Rock issues 44.4m shares for £20,000
Red Rock Resources plc issued 44,444,444 new ordinary shares at a subscription price of 0.045 pence per share to convert an advance of £20,000 by an existing shareholder. Following the shares issue the company’s issued ordinary share capital will comprise 4,830,265,010 ordinary shares, each with voting rights. None of the shares is held in treasury.