Hurricane Energy plc said that one of its shareholders had called for the removal of five board directors. REVIEW The company has received a requisition notice from Crystal Amber Fund Ltd for a general meeting to vote on removing five directors. These include chairman Steven McTiernan, senior independent director Dr David Jenkins, and independent non-executive […]
Tag: extractive industries
Chesterfield to acquire Adeline copper project
Chesterfield Resources plc announced it is to acquire 100% of a belt-scale copper exploration project, named Adeline, in the Labrador region of eastern Canada. The company, which is exploring for copper in Cyprus, said its objective was to be a leading copper exploration and resource development company to help supply the global demand for electrification. Adeline covers […]
Hummingbird notes new targets at Dugbe
Hummingbird Resources plc announced that new targets had been identified at Dugbe gold project in Liberia. The company’s joint venture partner Pasofino Gold Ltd conducted trenching on strike from the Tuzon deposit at the site. Results show a six-km long gold in soil trend extending south-westwards on strike from the 2 million oz (indicated mineral […]
IOG awards duty holder contract
IOG plc has awarded the Phase 1 duty holder contract for installation and pipeline operator as well as facilities operations and maintenance (O&M) to ODE Asset Management (ODE AM) for its gas projects in the Southern North Sea. ODE AM will deliver production operations from offshore infrastructure including Blythe and Southwark platforms, the Thames Pipeline […]
Caerus pursues new Cyprus sites
Caerus Mineral Resources plc today announced progress across its copper-gold operations, bulk waste materials project and in its search for new volcanogenic massive sulphide (VMS) opportunities in Cyprus. The company said it was also in advanced discussions over three “highly prospective” copper-gold sites, and one with a new mining licence application under active consideration by […]
Cornish Lithium mulls further fundraise
Cornish Lithium Ltd said it was considering another fundraise for its lithium exploration and development projects in the county. PROJECTS The company’s last fundraise in September 2020 via crowdfunding raised more than £5 million. Construction has started of a government-funded lithium extraction pilot plant for Trelavour and Cornish Lithium has acquired a lithium extraction technology […]