Critical Mineral Resources plc has confirmed continuation new “laterally extensive, near-surface copper-silver mineralisation” from its drilling programme at Agadir Melloul in central Morocco. ANALOGUE The project has potential for “favourable development economics” due to the “shallow and gently dipping nature of the mineralisation”, said the company. New results include 9.7 metres at 0.74% copper and […]
Day: 16 September 2026
Capricorn agrees third extension for possible offer
Capricorn Energy plc has agreed to a third extension for a possible cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC. DEADLINE The company initially received “multiple unsolicited non-binding proposals” in March from Alamadiyaf al-Masiyyah, which is a member of the Saudi Arabia-based Cafani Group. The revised PUSU deadline has now been extended […]
Deltic confirms Petrogas exit from possible offer
Deltic Energy plc said that Petrogas International E&P Coöperatief U.A. had confirmed it did not intend to make an offer for the UK North Sea-focused company. TALKS Deltic has been under a £7.2 million cash offer since 7 May from Neo Next+ Energy Upstream UK Ltd. Petrogas’ withdrawal follows Capricorn Energy plc’s announcement on 19 […]
First Class nears cash sale of Ontario asset
First Class Metals plc said it was finalising the definitive documentation for the sale of one of its assets in Ontario, Canada. NON-DILUTIVE The company signed a non-binding letter of intent in June 2025 for the proposed cash transaction. “The transaction has now entered the final completion phase, with only customary legal formalities, funding settlement […]
Union Jack NED resigns
Union Jack Oil plc non-executive director Graham Bull has resigned, with immediate effect from 3 June 2026. FINANCES The company said that Mr Bull would continue to undertake technical duties for the company. A Union Jack statement read: “Mr Bull cited the detrimental effect attacks on the board from certain media organisations has had on […]