Cornish Lithium plc has appointed Darryll Castle, operations director of its cornerstone investor TechMet, as a director. Companies House recorded the appointment of the South African company director effective from 14 September 2023. TechMet’s website states Mr Castle has more than 30 years’ experience in company leadership, project/operational delivery and transformation, technical planning and implementation, […]
Author: editorial
Orcadian agrees non-binding 81.25% farm-out for Pilot
Orcadian Energy plc has agreed a non-binding, 81.25% farm-out with an as yet unnamed North Sea operator for the potential development of the Pilot project. TERMS The company, which now holds £90,000 and six months to repay $1m million to Shell, has granted the operator an exclusive period until 30 November 2023 to complete the […]
Cornish Lithium raises £3m to date via crowdfunding
Cornish Lithium plc had this morning raised £3 million from existing shareholders in its latest crowdfunding campaign of up to £6.9m. The fundraise was today extended to the public. Money received will go towards the hard rock Trelavour project and the engineering design work to build a demonstration-scale geothermal waters extraction facility.
Gold-in-soil anomalies support 8km Tati gold trend
Two new “significant” gold-in-soil anomalies support the previously identified 8km gold trend at the Tati project in Botswana, said project owner-operator Power Metal Resources. CHERISHED HOPE The company collected 280 infill geochemical soil samples at 40cm spacing within the northwest and southern grids in the southeastern quadrant of the licence. Sampling and independent analysis for […]
Sunrise in talks to develop CS natural pozzolan
Sunrise Resources plc is in talks to develop its CS natural pozzolan project while it awaits tests to start on a bulk sample from Hazen deposit in northern Nevada. TESTS Discussions to develop the more advanced CS natural project are with three companies. “One, a large cement and ready-mix group, has successfully completed an extensive […]
Capricorn swings to loss as revenue and production fall
Capricorn Energy plc swung to a loss with decreases in production and revenue in the first six months of the year. COSTS The company posted losses of £62.2m (H1 2022: profit £40.8m) while revenue from production fell to $98.3m ($137.4m). Loss on other continuing operations of $58.3m includes unsuccessful exploration costs of $16.4m and general […]