Power Metal Resources plc has agreed to a 75% strategic interest in a UK special acquisition vehicle which will acquire outright copper-gold focused First Development Resources (Pty) Ltd (FDR Australia) in Western Australia. EXPLORATION VEHICLE FDR Australia’s interests lie in the Paterson Province in the eastern Pilbara region. In January 2021, Power Metal secured an […]
Tag: extractive industries
Galantas records zero revenues and slight fall in losses
Galantas Gold Corporation announced no revenues and a marginal reduction in losses from Cavancaw mine in Omagh, Northern Ireland. In its audited annual financial results for the year ended 31 December 2020, the Canadian miner reported net losses of CA$3,228,452 (2019: $3,564,609). Galantas had a working capital deficit of CA$7,710,084 (2019: $6,093,200). Cash outflow from […]
Reabold targets stronger hold in Victory discovery
Investment company Reabold Resources plc has offered to acquire additional shares in Corallian Energy Ltd, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The offer will see the acquisition of up to 13.12% of Corallian shares from existing Corallian shareholders, in exchange for Reabold shares, at […]
Helium One receives £44,311 via warrant exercise
Helium One Global Ltd received £44,311 following notices to exercise warrants over a total 1,560,230 ordinary shares. Following admission, the company’s issued share capital will consist of 601,322,295 ordinary shares, with voting rights. Helium One holds no ordinary shares in treasury.
United raises production guidance after ‘landmark’ 2020
United Oil & Gas plc recorded its first year of revenues in 2020 and raised 2021 full-year production guidance for its licences in Egypt. ABU SENNAN Results for the year ended 31 December 2020 showed group profit of $850,000 with $9.1m (£6.5m) revenues from its Rockhopper Egypt acquisition (28 February – 31 December 2020). United’s cash capital […]
CAML publishes 2020 sustainability report
Central Asia Metals plc (CAM) has published its 2020 Sustainability Report for group activities and at the Sasa zinc-lead mine in North Macedonia and the Kounrad copper recovery plant in Kazakhstan. Last year, CAM identified four of the 17 UN Sustainable Development Goals (SDGs) to which the company could best contribute. These include no poverty; good health and well-being; […]