Power Metal Resources plc revealed “multiple prospective targets” from exploration at the joint venture Reitenbach uranium property in Northern Saskatchewan, Canada. DRILLING The results follow Summer 2024 fieldwork by the company under its JV, Fermi Exploration, with investor and 70% owner-partner UCAM Ltd. The company said that the Nuphar and Goodleap targets in the northeast of […]
Tag: extractive industries
Europa CEO buys 765,763 company shares
Europa Oil & Gas (Holdings) plc’s chief executive officer Will Holland today bought 765,763 ordinary shares of £0.01 each in the company. The purchase is at an average price of 0.71 pence per ordinary share. Following the acquisition, Mr Holland is beneficially interested 7,109,716 ordinary shares, representing approximately 0.741% of Europa’s issued share capital. The […]
CMR receives £462,474 via CLNs
Critical Mineral Resources plc has secured an additional £462,474 through the issue of convertible loan notes, following the £2.5 million investment earlier this month. The CLNs are convertible into ordinary shares in the company at £0.0145 per share, accruing interest of 5% per annum. CMR, focused on silver, copper and manganese in Morocco, will receive […]
Serica frustrated by protracted repairs to Triton
Serica Energy plc faces further delays from repairs to the Triton FPSO due to take longer than originally anticipated. SUPPORT The company said that following conversations with operator, Dana Petroleum, production from Triton is now not expected to restart before May. Critical repairs were needed following Storm Éowyn in January with production set to resume […]
Angus issues 428m shares as deferred payment
Angus Energy plc has issued 427,893,123 ordinary shares to convert £1 million of the February 2022 deferred consideration to Forum Energy Services Ltd. COMPRESSOR The conversion notice from Forum covers principal payments due up to and including 31 December 2024. Angus said it would a further 137,145,481 ordinary shares in relation to accrued interest until […]
Helium One JV nears target in Jackson-4
Helium One Global Ltd’s joint venture has drilled the intermediate hole section in the Jackson-4 well to 1,123ft (342m) measured depth at the Galactica project in Las Animas County, Colorado, USA. READINGS After cementing the casing, operator Blue Star Helium will undertake a cement bond log to confirm good bonding. The operator will drill further […]