Hurricane Energy plc said that the High Court had today refused to sanction its proposed restructuring plan. RISK The company added that its existing board was considering all options including an appeal. “Unless the company or the Ad Hoc Committee successfully appeals the judgment, the restructuring plan will not be implemented,” said Hurricane in a […]
Tag: extractive industries
Reabold notes completion of EBS at Victory
Reabold Resources plc announced that a key milestone had been reached with the completion of the environment baseline survey (EBS) at the Victory gas discovery, northwest of the Shetland Islands. The upstream oil and gas investor holds a 49.99% interest in operator Corallian Energy Ltd which in turn owns a 100% interest in Victory. Corallian […]
Altona signs exclusive deal for Monte Muambe
Altona Rare Earths plc is to acquire its first rare earths asset after signing an exclusive acquisition deal for the Monte Muambe project in Tete Province, northwest Mozambique. PROGRAMME The company entered into an agreement with Ussokoti Investimentos Limitada for up to 70% of the project via a farm-in arrangement. Altona has also started its […]
Power Metal identifies multi-scale anomalies at Tati
Power Metal Resources plc has identified multi-scale anomalies during due diligence at gold-nickel properties in the Tati greenstone belt, Botswana. TREND The company has the option to acquire 100% of prospecting licences 127/2019 and 126/2019, prospective for gold and nickel. Compiled historical data has identified “multi-kilometre-scale nickel, arsenic and gold in-soil anomalies” on PL127/2019 and […]
Galantas focuses on growth with new advisors
Galantas Gold Corporation has made four appointments to its advisory board to assist management in the company’s growth. TONY MAKUCH Mr Makuch is currently the president and CEO of Kirkland Lake Gold Inc. He was previously president and CEO at Lake Shore Gold Inc from 2008 to 2016. He holds a Bachelor of Science degree […]
Galantas employs JDS to improve Cavanacaw
Galantas Gold Corporation has engaged JDS Energy & Mining Inc to work on Cavanacaw underground mine in Omagh, County Tyrone, Northern Ireland. JDS is a Canadian engineering, construction, and underground development company specialising in providing value-added solutions for mineral resource projects. The company will work with Galantas’ technical team to provide solutions on mine design […]