Union Jack Oil plc has acquired a further 30% from Egdon Resources plc of the North Kelsey prospect PEDL241 in Lincolnshire. TERMS The onshore hydrocarbon exploration and development company paid a cash consideration of £100,000 and has now aligned its 50% interest with operator Egdon. Previous financial farm-in obligations in respect of the 20% interest […]
Tag: extractive industries
Cornish Lithium reaches £3.8m via fundraise
Cornish Lithium Ltd has so far raised £3.8 million via crowdfunding for its projects in Cornwall. BATTERY METALS HUB Founder and chief executive officer Jeremy Wrathall said that the company was raising additional funding to create a battery metals hub for the UK. “The success of our recent exploration, and government funding for our pilot plant, […]
Scotgold raises £3m to double mine production
Scotgold Resources has raised £3 million from a placing to double production and increase exploration during 2021 at its Cononish Gold and Silver Mine in Loch Lomond and Trossachs National Park. The company raised the funds before expenses by way of placing 2,727,273 depositary interests of no par value in the company (new ordinary shares) […]
Galantas processes low grade stock as funding talks continue
Galantas Gold Corporation has reported its third quarter results on processing of concentrate at its Cavanacaw gold mine in Omagh, Co. Tyrone, Northern Ireland. The mine was closed on 26 May 2020 because of the pandemic and underground mining remains suspended. The Canadian company said that current processing utilised low grade stock and, between 26 […]
Geoscience to be promoted as UK faces skills shortage
The UK faces an industry skills shortage as the number of students studying geology at university has fallen by 43% since 2014. The Geological Society and has decided on five aims for a strategy of action following a summit in June to discuss reasons for the decline with 50 geoscience educators, academics, industry representatives, and […]
Hummingbird positive over Yanfolila drill
Hummingbird Resources has nearly completed its $5million drilling and exploration programme for 2020 as it assesses its resources at Yanfolila in southwest Mali. The gold exploration and development company has drilled more than 21,509 metres this year and completed 95% of the programme. Hummingbird said that one of its key internal goals this year was […]