Altona Rare Earths plc has secured a £150,000 loan to complete its 2022 programme and assay costs for its Monte Muambe project in northwest Mozambique. MRE The company will draw down the short-term loan facility from Align Research Investments Ltd in two tranches during November at a fixed interest rate of 15%. “In order to […]
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Egdon revenues rise by 530% on Ceres-Wressle success
Egdon Resources plc reported a 160% increase in production and more than 530% rise in oil and gas revenues mainly from onshore oil production at Wressle in North Lincolnshire and offshore Ceres gas field. FINANCES The company’s preliminary results for the year ended 31 July 2022 showed revenues of £6.91 million (2021: £1.09m) following “significantly […]
Predator sets date for drilling MOU-2 well
Predator Oil & Gas Holdings plc expects to start drilling within the first two weeks of December the MOU-2 well at the Guercif onshore gas operations in Morocco. PREPARATIONS The exact date drill date will be determined by customs clearance of all pre-ordered drilling materials from Canada, Egypt, France, the Middle East and the UK. […]
Predator issues 17m share options to directors
Predator Oil & Gas Holdings plc has issued a total 17 million options over new ordinary shares under the company’s existing option scheme to three directors. PDMRs The board’s remuneration committee resolved to award non-executive director Carl Kindinger with 2,000,000 options; executive chairman Paul Griffiths, 7,500,000 options; and managing director Lonny Baumgardner, 7,500,000 options. Options issued […]
GreenRoc tests confirm Amitsoq graphite suitable for EV batteries
GreenRoc Mining plc’s latest test programme confirmed that its Amitsoq graphite is suitable for refining into spherical graphite used to manufacture electric vehicle (EV) batteries. SPHERICAL GRAPHITE Spherical graphite is used in the production of the anode material in EV batteries. “The anode sector is the fastest growing market for graphite and the ability to […]
Tertiary sampling shows multiple copper soil anomalies at Jacks
Tertiary Minerals plc reported multiple copper soil anomalies from preliminary sampling results at its Jacks copper project in Zambia. JACKS The prospect lies within exploration licence 27069-HQ-LEL, covering 141.4 km2,and located 85km south of Luanshya. DRILL TESTING In September, the company began the detailed soil sampling programme which it completed on schedule and on budget. […]