West Cumbria Mining Ltd (WCM) said it aimed to begin producing coking coal during the first half of 2025 from its deep mine off the coast of Whitehaven. TIMELINE The company, which has published a timeline of its planned programme, has also moved its register inspection address from Surrey closer to its planned operations at Haig […]
Author: editorial
Harbour chairman sells 2m shares for £6.38m
Harbour Energy plc chairman R. Blair Thomas has sold two million shares in the company for approximately £6.3 million. DIRECTOR DEALINGS On 8 February 2023, EIG Separate Investments (Cayman) LP closely associated with Mr Thomas sold 665,290 each at a price of approx. £3.18; on 9 February 584,710 shares each at approx. £3.19; and 10 February […]
Galantas borrows £347,000 for Gairloch
Galantas Gold Corporation has agreed a £347,000 loan from major shareholder Melquart Ltd for the initial lease payment for the recently acquired Gairloch project in Scotland. TERMS The Canadian company is targeting the gold-bearing volcanogenic massive sulphide deposit on land owned by the Gairloch Estate in Wester Ross in the North-West Highlands. The loan is […]
Scotgold conditionally raises £2.5m via placing-subscriptions
Scotgold Resources Ltd has conditionally raised £2.5 million through a placing and subscriptions by certain directors. DIRECTORS DEALINGS The accelerated bookbuild announced on 9 February 2023 involved 6,250,000 new ordinary shares at a price of 40p per share. Scotgold will issue in aggregate 6,250,000 new shares, representing approximately 9.48% of the enlarged share capital. Seven directors […]
UKOG looks to offer support following Turkey earthquake
UK Oil & Gas plc (UKOG) today said it would look at ways of offering support in the wake of the earthquake in Turkey. “[The company] is deeply saddened by the terrible earthquake and unfolding humanitarian tragedy in southern Turkey,” added UKOG in a statement. The company’s Resan licence area is some distance from the […]
Reabold considers early return from Corallian sale
Reabold Resources plc is considering an early distribution to shareholders following receipt of an initial £10 million, with £3.2m net to Reabold, from the sale of Corallian Energy Ltd to Shell UK Ltd. PARTIAL DISTRIBUTION The balance of the total £22m consideration (£9.5 million net to Reabold), is expected to be paid during 2023. At […]