First Class Metals plc plans to add rare earths elements to its portfolio with three-year options over two properties in northwest Ontario, Canada. BATHOLITH Block H and F, covering 18km² and 33km² respectively, lie within “one of the most anomalous REE regions”, as identified in the province-wide lake sediment geochemical database, containing 48,367 samples. Both […]
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Galantas adds second Chile project to NI-Scotland assets
Galantas Gold Corporation has added a second Chile project to its gold assets in Northern Ireland and Scotland. OCEAN The Canadian company’s initial project was the Cavanacaw gold mine in Omagh, County Tyrone, followed by the Gairloch polymetal exploration project in the Scottish Highlands. Galantas signed a definitive agreement on 6 January 2026, to buy […]
Nativo gold grades support restart of Bonanza
Nativo Resources plc’s initial assay results from surface trenching, along previously interpreted vein structures, supported plans to restart production at the Bonanza gold mine within the Tesoro concession, in Peru. EXPANSION Returns of localised values reached 19.5 grams per ton gold, with an average of 10g/t gold. The company said that positive near-mine sample results, […]
Prospex CLN subscriptions reach £1m
Prospex Energy plc has to date received £985,000 committed subscriptions, of a targeted £1.6 million, for its offering of its unsecured convertible loan notes. DIRECTOR DEALINGS The figure includes the £565,000 from 22 December 2025. The company said it had extended the offering until 16 January 2026. The unsecured CLN, each of £1 and due […]
Union Jack appoints NEDs
Union Jack Oil plc has appointed Donald Zac Phillips and John Americanos, both known to the company for many years, as non-executive directors to the board, with immediate effect. Dr Phillips, who will be a senior independent NED, qualified as a chemical and petroleum engineer and is a senior energy executive and advisor in the […]
Kistos enters 2026 with strong cash position
Kistos Holdings plc ended 2025 in a “robust” financial position of $199 million cash, as it looks to further benefit from its newly acquired licence interests in Oman. PRIORITIES The cash figure includes $75 million in tax rebates relating to activity on its Norwegian assets in 2024. The company noted that tax rebates of approximately […]