Metals & Minerals News

Redmoor inferred MRE increases by 49%

Cornwall Resources Ltd recorded a 49% increase in the JORC inferred mineral resource estimate, from 2019, for its Redmoor tungsten-tin-copper-silver project in the southeast of the county. ROBUST The results include 0.49% tungsten trioxide as “Europe’s highest-grade, undeveloped, tungsten project compared to other CRIRSCO*-compliant projects” and “amongst the highest grade globally”. Parent company Strategic Minerals plc reported […]

Company Moves Finance Metals & Minerals News

Cora completes fundraise at £15.7m

Cora Gold Ltd has closed its recent fundraise at £15,707,141.34 through the issue of 261,785,689 new ordinary shares, each at a price of six pence. BOARD The fundraise included a subscription of £13,707,141.36 by Eagle Eye Asset Holdings Pte. Ltd for 228,452,356 new ordinary shares, equal to 29.9% of Cora. A retail offer raised an […]

News Oil & Gas

Europa given two more years for Inishkea

Europa Oil & Gas (Holdings) plc has been granted two more years to phase I of its FEL 4/19 licence, containing the Inishkea West gas prospect, offshore western Ireland. INFRASTRUCTURE The company said it aimed to carry out further technical studies and seek to secure a partner to develop the licence, which holds 1.4 trillion […]

Finance News Oil & Gas

Viaro increases stake in Deltic

Viaro Energy Ltd has increased its shareholding to 3.19% of its target acquisition Deltic Energy plc. OFFER On 26 March, the company bought 529,000 ordinary Deltic shares on market, at 3.4822 pence per share, taking its holding to 2,972,880 ordinary shares. The purchase follows that on 2 March of 2,443,880 Deltic shares. The transactions come […]