Red Rock Resources plc issued 211,482,353 ordinary shares following notice to convert £134,820 of loan notes, including interest, from October 2023. In accordance with the terms of the notes, the ordinary shares are of £0.0006375 per share. Following admission, the company’s issued ordinary share capital will comprise 3,548,246,811 ordinary shares each with equal voting rights. […]
Tag: extractive industries
Deltic agrees 25% farm-out with Dana for Selene
Deltic Energy plc has agreed to farm out a 25% interest in licence P2437, containing the Selene gas prospect, to Dana Petroleum (E&P) Ltd. STRENGTHEN The transaction, along with the existing carry by operator Shell UK Ltd, leaves the company with a 25% non-operated interest in the licence. Deltic also has no exposure to 2024 […]
FCM results show possible new structures at Zigzag
First Class Metals plc (FCM) said that soil sampling and rock-grab results showed possible new structures at its Zigzag property in northwest Ontario. STRUCTURES Taken last year, the 68 soil samples from lines to the east west of the core section, showed anomalous lithium ratios. The company said that results from soil lines 200m to […]
Power Metal begins diamond drilling at Molopo
Power Metal Resources plc has started diamond drilling, targeting a district-scale nickel and platinum group element discovery, at its Molopo Farms Complex in southwestern Botswana. LOCATIONS The company’s drill hole, estimated to reach a depth of 700-800m, is focused on the multi-kilometre, steeply-dipping conductor at target area T1-14. A ground audio-frequency magnetotelluric and magnetics over target […]
Helium One raises £4.7m via discounted placing
Helium One Global Ltd has raised £4.7 million before expenses through a company-led placing of 313,333,333 new ordinary shares at a price of 1.5p per share. The placing price represents a discount of approximately 30% to the closing share price of 2.16p on 6 February 2024. Following admission, Helium One’s issued and fully paid share […]
Power Metal finds further gold mineralisation at Tati
Power Metal Resources plc said new sampling results further demonstrated gold mineralisation continuity within the 8km-long gold trend at Tati near Francistown, Botswana. ANOMALIES The company first confirmed the project’s large-scale gold-in-soil anomaly in September 2021 two months after acquiring the project. Today’s published results are from last year’s extensive soil sampling and show the presence […]