Cora Gold Ltd has signed a binding term sheet for a US$120 million (£80.3m) gold stream with its strategic investor Eagle Eye Asset Holdings Pte. Ltd to develop the Sanankoro project in southern Mali. PERMITTING Eagle Eye has already invested £13.7m for 228,452,356 ordinary shares, representing 29.90% of Cora’s issued share capital. Under the terms […]
Month: September 2026
Kavango closer to Nara acquisition
Kavango Resources plc expects to acquire “shortly” the Nara gold option in Zimbabwe, after signing a deed of variation to “address the mechanics of completion” for the purchase. COMMITTED At the start of March the company had faced seller’s default on the terms of the June 2023 call option, and was considering all solutions, including […]
Union Jack JV defers Crossroads spud date
Union Jack Oil plc said that “rig maintenance requirements” had delayed the start of drilling the Crossroads well in southern Oklahoma. PROGRAMME Joint venture partner and operator Reach Oil and Gas Company Inc. had intended to spud the well this week. “The operator is confident that the well will be spudded before the end of […]
Beacon CEO joins LNEnergy board
Beacon Energy plc chief executive officer Stewart MacDonald is to join the board of LNEnergy, which is advancing the Colle Santo gas field in the Abruzzo region of Italy. WELL TESTS Beacon also announced that LNE IOM Ltd, of which it owns 49%, had acquired additional shares in LNEnergy through the latter’s rights offering to […]
Sunda pays initial $1.5m for NZ permits
Sunda Energy plc said it had paid the initial deposit to acquire oil and gas production and exploration permits onshore Taranaki Basin on the west coast of North Island, New Zealand. CONTROL The company paid US$1.5 million to seller Matahio Ventures Pte. Ltd for its subsidiary Matahio Energy NZ Ltd Matahio Energy NZ Ltd, which […]
Altona issues 1m new shares
Altona Rare Earths plc has issued one million new ordinary shares of £0.01 each following an exercise of warrants, at a price of two pence per ordinary share, for £20,000. TVRs Following admission, Altona’s enlarged issued share capital will comprise 430,066,112 ordinary shares, each with voting rights The company has no shares held in treasury. […]