The moratorium on hydraulic fracturing in England will remain in place, the new prime minister said today. FIRST BAN The Government first introduced the ban in November 2019 following reported earthquakes at Cuadrilla Resources’s shale gas extraction site in Preston, Lancashire. In April 2022 the Government ordered a scientific review on whether the extraction of […]
Author: editorial
WCM mine plans to be decided by reappointed minister
West Cumbria Mining Ltd’s application for a coking coal mine will once more be decided by Michael Gove MP after being previously dismissed as the minister in charge. MINISTERIAL CHANGES The Government initially called in the application in March 2021 by the then secretary of state Robert Jenrick. He ordered a public inquiry following concerns […]
Power Metal identifies EM superconductor at Molopo
Power Metal Resources plc has identified a geophysical electromagnetic (EM) superconductor at its Molopo Farms Complex nickel-copper-platinum group elements project in Botswana. TARGET AREA T1-14 The identification at target area T1-14, which is now upgraded to priority status, will be diamond drilled in the coming weeks. Power Metal added that it was the strongest moving […]
Sunrise notes start of trenching at Pioche
Sunrise Resources plc said that a planned trenching programme was due to start this week at its Pioche sepiolite project in Nevada, USA. PROGRAMME Potential buyer, Spanish firm Tolsa USA Inc, which has an exclusive option to acquire the project, has received approval from the US Bureau of Land Management (BLM) for its proposed programme. […]
Altona on course for MRE-scoping study
Altona Rare Earths plc said it was on schedule to produce its inaugural mineral resource estimate (MRE) and scoping study for its 100% Monte Muambe project in Tete Province, northwest Mozambique. TARGETS The company is currently progressing reverse circulation (RC) drilling at its targets. For activities during the third quarter, Altona reported that drilling focused […]
Angus awards 175.5m share options to directors and staff
Angus Energy plc granted 175.5 million share options, representing 5.72% of the company’s issued share capital, to directors and staff. SALTFLEETBY The grant comes under the company’s existing employee incentive schemes. In February 2021, the remuneration committee proposed the share options, which the board approved as part of Angus’s share option grants. “This reflects the […]