Unicorn Mineral Resources plc has agreed the main terms of a one-year £1.25 million unsecured loan facility with its chairman, Paddy Doherty. NAMIBIA The Dublin-based company will use the loan to buy the Klein Aub copper mine, along with 5.6 million tonnes of slimes and tailings, in the Kalahari Copper Belt, central Namibia. Completion of […]
Month: September 2026
Capricorn agrees $360m sale to Genel
Capricorn Energy plc directors have agreed to sell the company for US$360 million (£271m) cash to Genel Energy plc. SCALE The Scottish company had previously been awaiting a cash offer from Saudi Arabia-based Alamadiyaf al-Masiyyah for Trading LLC. Capricorn’s onshore Egypt assets will add to Genel’s production interests in the Kurdistan region of Iraq and […]
Rathlin appoints independent director
Rathlin Energy (UK) Ltd, operator of the West Newton onshore gas field, has appointed Philip Birch as an independent non-executive director to the board, with immediate effect. Mr Birch has more than 40 years’ experience as an oil and gas executive in the energy sector. He has held a range of senior leadership positions including […]
Capricorn grants more time for possible offer
Capricorn Energy plc has granted more time to Alamadiyaf al-Masiyyah for Trading LLC, a member of the Cafani Group, to make a cash offer for the company. FUNDING The fourth extension to the PUSU gives Alamadiyaf al-Masiyyah until 5pm on 29 July 2026 to announce whether or not it intends to make a firm offer. […]
Reabold to buy Union Jack for £6.14m
Reabold Resources plc has agreed a £6.14 million takeover of Union Jack Oil plc, which was at risk of losing its main assets. COMPELLING Under the agreement, each Union Jack shareholder will receive 0.051 new Reabold share in exchange for every one Union Jack share. Investment company Reabold said that, following completion, the enlarged group […]
First Class closes Kerrs $10.64m land use agreement
First Class Metals plc has closed the site programme and land use agreement, with an indicative value of US$10.64 million (£8m), for its Kerrs gold project located in northeast Ontario, Canada. EXPLORATION The transaction with nGRND Inc results in the latter holding the conditional right to acquire all 386,465 ounces of gold. nGRND will first buy […]