Power Metal Resources plc has widened its losses by more than £1 million while it continues to identify new opportunities in the natural resources sector. VALUE The company’s various polymetallic assets, interests and joint ventures are located in Africa, Australia, Canada and the United States. Full year results to 30 September 2023 show total comprehensive […]
Tag: extractive industries
Predator rigless testing shows damaged formation
Predator Oil & Gas Holdings plc reported damaged formation from phase I rigless testing on the Guercif licence, onshore Morocco. DRILLING MUDS Beginning on 10 February, the company perforated all four zones in wells MOU-1 and MOU-3 to complete on 19 February, with the crews and equipment now demobilised. Predator used conventional 111/16″ perforating guns, […]
Horizonte appoints Graham Crew as interim COO
Horizonte Minerals plc interim chief operating officer Maryse Bélanger will step down from 21 February and be replaced by Graham Crew. Mrs Bélanger’s appointment was one of several management changes announced last November. The company thanked her for her invaluable assistance during its current “challenging period” following rising costs at its Araguaia nickle project in […]
Oriole earn-in partner completes option term at Senala
Oriole Resources plc earn-in partner has completed its six-year term and is expected to hold 59% of the Senala gold project in Senegal. DISCUSSIONS Managem Group confirmed to the company that, since the 2018 option agreement, its subsidiary AGEM Senegal Exploration Suarl had spent US$5.8 million on the project. AGEM’s beneficial ownership in the Senala […]
Red Rock CFO Scott Kaintz retires as a director
Red Rock Resources plc’s chief financial officer Scott Kaintz has retired as a director. Mr Kaintz, expected to retire by rotation, was due offer himself for re-election at the company’s general meeting on 16 February. The resolution was withdrawn and Mr Kaintz remains the CFO. All other resolutions were passed on a show of hands.
Altona to expand and diversify Africa assets
Altona Rare Earths plc is assessing potential new low-cost entry metals opportunities in Africa to balance its flagship Monte Muambe project. RISK The company said that following a review of its corporate strategy the time was right to add further rare earths interests as well as other raw materials such as copper, lithium and niobium. […]