Europa Oil & Gas (Holdings) announced a pre-tax loss of £5.4 million compared with £0.7m in 2019 including write-offs taken following the company’s relinquishment of its Irish licences. In its final results for the 12 months ended 31 July 2020, the hydrocarbon company with interests in the UK, Ireland and Morocco also announced pre-tax loss […]
Tag: extractive industries
Union Jack increases North Kelsey stake to 50%
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 […]
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 […]