Caerus Mineral Resources plc has appointed Adrian England as an independent non-executive director with immediate effect. He will be a member of the company’s audit and risk and remuneration committees. Mr England is a solicitor and has been in practice since 1982. His areas of expertise include commercial litigation, property litigation, employment and business law. […]
Author: editorial
Power Metal reports high grade uranium samples
Power Metal Resources plc reported “high grade” assay results from rock samples at three of its uranium properties at the Athabasca basin area of Saskatchewan. PROSPECTIVITY In its phase I field programme between August and October 2022, the company collected a total 46 rock samples including 29 samples from Tait Hill and eight each from Thibaut Lake and […]
Neptune confirms new discovery at Calypso
Neptune Energy has announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. ESTIMATES The company added that preliminary estimates were between one and 3.5 million standard cubic metres (MSm3) of recoverable oil equivalents, corresponding to six to 22 million barrels of oil equivalent (boe). Calypso is Neptune’s third discovery in […]
Ascent to appoint Marco Fumagalli as NED
Ascent Resources plc has proposed to appoint Marco Fumagalli to the board as a non-executive director. On appointment, he will become chairman of the company’s audit committee. Mr Fumagalli is an Italian businessman and industrial investor who was previously a group partner at multinational private equity and venture capital company 3i. He is a funding […]
Ascent raises £600,000 via placing and restructures debt
Ascent Resources plc has raised £600,000 in a placing and restructured its debt with lender Riverfort. DISCOUNT The company issued 15,000,000 new ordinary shares of 0.5 pence each to new and existing shareholders, at a price of 4 pence per placing share. The placing price represents an approximate 5% discount to the closing mid-market price […]
Flintridge risked lives from rock fall and drowning
Flintridge Resources Ltd was fined £120,000 after pleading guilty to exposing mine workers to risks from rock fall and drowning in Cavanacaw gold mine near Omagh, Northern Ireland. UNSTABLE In mid-November, the Health and Safety Executive Northern Ireland (HSENI) prosecuted the company at Dungannon Crown Court for health and safety failings. “In July 2018, mine […]