Karelian Diamond Resources plc has raised £290,000 through the issue of unsecured convertible loan notes to existing and new investors. LICENCES The three-year loan notes have a conversion price of 1.5 pence per share, which is a 300% premium to the closing mid-market price of 0.375 pence for the company’s ordinary shares on 19 March […]
Month: September 2026
Ascent signs binding brines deal for Utah licences
Ascent Resources plc and its partner American Helium LLC have signed a binding agreement, allowing a third party to access inactive oil and gas wells on their licences in the Paradox Basin in Utah, USA. EXPLORATION The deal with Utah Brine Corporation, a special purpose vehicle set by Australian outfit Neometals Ltd and its US […]
Botswana raises £1m
Botswana Minerals plc announced it had raised £1,150,000 and appointed a non-executive director to the board, with immediate effect. TVRs For the fundraise, Botswana issued 460 million new ordinary shares of 0.25 pence each, at a placing price of 0.25p per placing share, to existing and new investors. Directors participating include executive chairman John Teeling, […]
Altona lists on OTCQB
Altona Rare Earths plc shares were due to begin trading today on the OTCQB Venture Market in the United States. MUAMBE The company also continues to trade on the main market of the London Stock Exchange. Altona, which recently received US$1,875,000 (£1.4m) grant from the American Government, said its strategy was “to position itself at […]
Botswana identifies multi-metal target systems
Botswana Minerals plc has identified “several target systems”, prospective for base and precious metals, on its licences in the Damaran Belt, northwest Botswana. MODELS The findings are from “integrated geological and AI-enhanced initial exploration analysis”. The company said it had defined two principal exploration models, of which the first is “anomalies with copper-silver-nickel-cobalt signatures”. The […]
Corcel raises £3.6m
Corcel plc has raised £3.6 million via a subscription with “a number” of its existing strategic investors, for 950m new ordinary shares of £0.0001 each, at a price of £0.004 per share. TVRs The company said that the shareholders had made the approach in order to increase their investment at the current market price. Each […]