Reabold Resources plc has invested a further £1,650,000 to increase its holding to 26.1% in the majority owner of the Colle Santo gas field. COLLABORATION The company, which signed the original conditional agreement in May 2023, exercised its second option to subscribe for 116 new ordinary shares in LNEnergy Ltd which holds 90% of the field. […]
Author: editorial
South Crofty mine water levels fall faster than expected
Cornish Metals Inc said that water levels are falling quicker than expected during the dewatering of South Crofty tin mine. UNDERGROUND WORKINGS Operations began in early November with up to 25,000m3 per day of water pumped directly from the mine to the water treatment plant before discharge into the Red River. The Canadian company said […]
Condor chairman raises £1m for La India sale
Condor Gold plc chairman Jim Mellon exercised warrants for £1 million to ensure the company has sufficient money during the sales process for La India open pit in Nicaragua. OFFERS The exercise over 6,666,667 new ordinary shares, each at an issue price of £0.15, was by Galloway Ltd, owned by Burnbrae Group Ltd which is, […]
EnQuest director buys 360,000 shares
EnQuest plc senior independent director Karina Litvack bought 360,000 ordinary shares in the company each of £0.05 at a price of 0.1387 per share. Ms Litvack, who on 15 September was appointed chair of the remuneration and social responsibility committee, made the purchase on 29 November 2023.
FCM begins inaugural 500m drilling at Zigzag
First Class Metals plc (FCM) yesterday began an inaugural 500m drilling programme on the lithium, tantalum, rubidium and gallium Zigzag property in northwest Ontario. CENTRAL Following FCM’s early exploration agreement with Whitesand First Nation (WFN), Rodren Drilling, a WFN approved service provider, is the operator. Seven drillholes are initially planned over 50m with the provision […]
Power Metal expands lithium-REE targets at Selta
Power Metal Resources plc reported a “sigificant” expansion in the lithium-rare earth element exploration target area, as well as new target areas, at Selta in the Northern Territory. STRATEGY The company’s 58.59% owned subsidiary First Development Resources plc commissioned a geophysical and geographical desktop study on the project’s mineral exploration potential and prospectivity. Power Metal said […]