Tertiary Minerals plc’s first drill hole has to date reached a depth of 1,023 metres at the Konkola West copper earn-in project in Zambia. HORIZONS Partner KoBold Metals continues drilling KWD001, targeting the ore-shale hosting copper mineralisation found at the Konkola-Lubambe copper mines and nearby Mingomba deposit. Tertiary said that KoBold had intersected a number […]
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Capricorn investors to vote on share reduction
Capricorn Energy plc shareholders will this week vote on a proposed share consolidation and a special 43p dividend of a total US$50 million. PRICE The company said that the consolidation ratio for the share consolidation would be 62 new ordinary shares for every 79 existing ordinary shares held at the record time. The nominal value of the new ordinary shares […]
Corcel issues 3.5m SIP shares
Corcel plc has issued 3,556,362 ordinary shares of £0.0001 each in the company under its share incentive plan for the 2023-24 tax year. The scheme was agreed in the Trustees meetings on 2 April and 8 May 2024. The SIP allows eligible employees to have monthly salary deductions to be held by the SIP Trustees until the end […]
Serica to develop Belinda field
Serica Energy plc has received final regulatory approval to develop its 100% owned and operated Belinda field in the Triton area of the UK central North Sea. TRITON The company plans to drill the development well in the first half of 2025, before tying back the field to the Triton FPSO, with production due to […]
Tungsten West issues 1.7m shares in options exercise
Tungsten West plc has received notice to exercise ‘founder’ options over 1,657,196 new ordinary shares of £0.01 each in the capital of the company for £16,572. Granted in October 2021, the founder options are exercisable upon certain milestones achieved and in accordance with the company’s start of trading on AIM. Following admission, Tungsten West’s issued […]
Power Metal completes 75% acquisition of GSAe
Power Metal Resources plc has completed its 75% acquisition of secondary source extraction company GSA (Environmental) Ltd (GSAe), following February’s heads of terms. SAUDI ARABIA The company said that GSAe currently had two memoranda of understanding with Saudi Arabian supplies of vanadium and nickel-bearing fly ash. Advanced research will soon begin on plant design, construction, commissioning […]