Prospex Energy plc has raised £2 million through its unsecured convertible loan notes, including £653,950 from an extended offering. GAS The overall figure is 25% greater than the initial target of £1.6m, due to strong demand. Net proceeds will support the company’s onshore gas projects, including expenditure in Italy and Spain. The company said its […]
Month: September 2026
Critical overcomes ‘challenging’ start at Agadir Melloul
Critical Mineral Resources plc’s operations faced setbacks at the start of year, from adverse weather and a rig breakdown, resulting in 720 metres’ core drilling at Agadir Melloul in central Morocco. MRE The contractor rig which had “mechanical issues” has since been replaced and two diamond drill rigs are currently operating with drilling rates “exceeding” […]
First Class issues 5.3m new shares
First Class Metals plc has issued 5,311,355 new ordinary shares to convert a portion of the £1million loan note from January 2026. TVRs The portion of notes, converted on 10 March 2026, hold hold a value of £43,500. Following admission, the company’s issued hare capital will comprise 287,834,413 ordinary shares, each with equal voting rights. […]
First Development advances exploration at Selta
First Development Resources plc has progressed exploration activities, with “real momentum”, at its Selta polymetal project in the Aileron Province of the Northern Territory, Australia. EXPANSION The company holds three exploration licences, covering in total nearly 1,600 km², and prospective for uranium, rare earth elements, base and precious metals. At the Lander West gold priority target, […]
Redmoor to undergo new resource infill drilling
Cornwall Resources Ltd has signed a drilling contract for new resource infill drilling, with results supporting the prefeasibility study for the Redmoor tungsten-tin-copper project. FUNDS Priority Drilling UK Ltd, based in Co. Galway, has started preparing the site and will initially use one rig and drill pads from 2025 operations. Cornwall Resources aims to submit […]
Arkle issues 14.3m new shares
Arkle Resources plc will issue 14,333,333 new ordinary shares of €0.0025 each, following warrants exercises for an aggregate £46,000. TVRs A total of 8,333,333 warrants had an exercise price of 0.30 pence per share, and six million warrants had an exercise price of 0.35 pence per share. Following admission, the company’s issued share capital will […]