Power Metal Resources plc has exercised its option to acquire a 100% interest in two gold-nickel exploration licences within the Tati Greenstone Belt near Francistown, Botswana. PROSPECTIVE Chief executive Paul Johnson said that Francistown and its surrounding area had not undergone extensive modern exploration. “The company’s due diligence review of historic data identified numerous multi kilometre-scale […]
Tag: extractive industries
UKOG raises £462,554 via open offer
UK Oil & Gas plc raised £462,554 from an open offer to shareholders. The company received valid applications in respect of a total of 256,974,621 new ordinary shares in the company.
Scirocco sells Helium One shares for £1.22m
Scirocco Energy plc has sold a further 5.3 million ordinary shares in Helium One Global Ltd for £1.22m. The company has also exercised its one million share options, with a strike price US$0.035. Scirocco now holds 5,256,088 ordinary shares, representing some 0.85% of Helium One’s current issued share capital. In total, Scirocco has realised around […]
EnQuest investors back Golden Eagle share acquisition
EnQuest’s shareholders have supported the company’s plans to invest in the producing Golden Eagle area of UK North Sea. Results published today of a general meeting, showed 99.997% voted in favour of the proposals. In February 2021, EnQuest announced its intention to buy Suncor Energy UK’s 26.69% non-operated interest in the Golden Eagle area for […]
Galantas plans 4,000m underground and surface drilling
Galantas Gold Corporation is soon to start a surface and underground exploration programme of 4,000 metres diamond drilling at Cavanacaw gold mine in Omagh, Northern Ireland. UNDERGROUND Initial Phase I drilling will focus on the Kearney and Joshua veins, two of “many high-priority targets” on the company’s land package. Underground drilling on the Kearney vein […]
Tungsten West appoints CFO as a director
Tungsten West Ltd has appointed chief financial officer Anthony Nigel Widdowson as a director of the company. Mr Widdowson is a chartered accountant and has 20 years’ experience at board level as a finance director. He has operated in software/Saas, property, leisure and industrial services sectors. Mr Widdowson gained his experience in international groups, family […]