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Tungsten West raises £283,600 via warrant exercise

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Tungsten West plc has raised £283,600 after exercising 460,000 warrants to subscribe for new ordinary shares of a nominal value of one penny each.

The subscription will be at a price of 25 pence per ordinary share, and an exercise of 648,400 warrants at a price of 26 pence per ordinary share.

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Arkle shareholder increases holding to 6.32%

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Arkle Resources plc noted that shareholder Andrew Batchelor has increased his shares in the company. He now owns 25 million ordinary shares, representing 6.32% of the issued share capital with voting rights compared with 20 million shares or 5.06% previously. Arkle’s website shows that the company’s largest shareholder is Jim Nominees Ltd with 64,764,583 shares (16.38%).
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Power Metal mobilises rig at Haneti

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Power Metal Resources plc said it had signed a drilling contract and is mobilising the rig to its 5,000 km2 nickel and platinum group metals (PGM) project in Haneti, central Tanzania. NOTABLE Power Metal holds a 35% ownership interest in Haneti with 65% held by Katoro Gold plc. The drill contract was signed with Amazon […]
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Neptune starts oil production from Römerberg 6

Posted on Author editorial

Neptune Energy today reported first oil production from its operated Rӧmerberg 6 well in the city of Speyer, southwest Germany. PRODUCTION The company said that initial production tests indicated flow rates of up to 1,800 barrels of oil equivalent per day (boepd). Römerberg 6 is the ninth production well on the field and Neptune expects […]