Power Metal Resources plc non-executive director Owain Morton will leave the company with immediate effect due to other work obligations. In July 2023 and while a NED, Mr Morton became director – technology and innovation at Ma’aden in Saudi Arabia where Power Metal has its own interests. Chairman Scott Richardson-Brown said: “As a board, we are sad […]
Tag: extractive industries
Oriole increases inferred MRE at Bakassi Zone 1
Oriole Resources plc estimates a 23% increase, with “significant potential” to expand, in a revised inferred mineral resource for Bakassi zone 1 within the Bibemi orogenic gold project, Cameroon. TARGETING JORC-compliant 5.1 million tonnes grading 2.30 g/t for approximately 375,000 oz gold is based on a higher gold price. The new MRE forms part of technical studies […]
Scirocco Energy CEO Tom Reynolds resigns
Scirocco Energy plc chief executive officer Tom Reynolds is resigning after shareholders earlier this week voted to sell the company’s interest in biogas and renewables. STRATEGIC OPTIONS Mr Reynolds stepped down as a director with immediate effect and will remain CEO until 12 July 2024 or an earlier date in agreement with the company. The […]
UKOG issues third tranche of shares for loan
UK Oil & Gas plc (UKOG) issued the third tranche of shares, relating to last year’s first investment sum of £2 million, to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd. UKOG said that the first three tranches of equity shares had now been converted at the investors’ discretion to repay the loan, […]
Corcel receives £17,500 via warrant exercise
Corcel plc received £17,500 following notice to exercise warrants for 5 million new ordinary shares of £0.0001, at a price of £0.0035 per share. Following admission, the company’s issued ordinary share capital will comprise 1,675,876,345 ordinary shares each with equal voting rights. Corcel holds no ordinary shares in treasury.
WCM appoints John Chomley as a director
West Cumbria Mining (Holdings) Ltd has appointed John Chomley as a director. Companies House recorded the Australian investment director’s appointment effective from 31 December 2023. On the same date, Donald Carroll’s position as a director of the company ended.