Europa Oil & Gas (Holdings) plc said it had repaid in full the £1 million loan from Union Jack Oil plc to drill the SA02 well in the Serenity field. TERMS The loan was secured against a 10% interest in the Wressle field (PEDL180 and PEDL182), including the associated infrastructure. Europa has also repaid the […]
Author: editorial
Corcel signs Mt Weld rare earths option
Corcel plc has signed an exclusive 45-day option to acquire 100% of the rare earth element (REE) project within P38/4489, or Mt Weld, near Laverton in Western Australia. FEATURES The granted mineral tenement lies 1.4km (0.9 miles) west-north-west of Lynas Rare Earths Ltd’s Mt Weld mine. The project covers 171 hectares and the mine access road […]
Angus NED Paul Forrest sells 2m shares for £44,000
Angus Energy plc non-executive director Paul Forrest sold 2,000,000 ordinary shares of 0.002p each at an average price of 2.2 pence, for approximately £44,000. The sale on 7 October 2022 leaves Mr Forrest’s total shareholding in the company at 536,750,000 ordinary shares, representing 18.56% of Angus Energy’s issued share capital.
Cora granted Sanankoro environmental permit
Cora Gold Ltd has been awarded an environmental permit for its flagship Sanankoro gold project in southern Mali. YANFOLILA The grant follows the completion and submission in July 2022 of the environmental and social impact assessment (ESIA) for the project. Located in the Yanfolila gold belt, Sanankoro comprises five contiguous permits of Bokoro II, Bokoro Est, […]
Corcel raises £200,000 via placing to NPC
Corcel plc has raised £200,000 gross from issuing 50,000,000 new ordinary shares of £0.0001 each at £0.004 to its proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). BOARD The company has also issued one warrant for every one share exerciseable at £0.005 at any time over the next year. On admission, Corcel’s total issued share capital will comprise 580,208,295 ordinary […]
Corcel signs Papua New Guinea-Argentina MoU
Corcel plc has signed a memorandum of understanding for a proposed 50-50 joint venture to include its nickel-cobalt interests in Papua New Guinea. RESTRUCTURE Corcel and Shandong New Powder COSMO AM&T (NPC)’s JV company will be named Integrated Battery Metals (IBM). The partners intend to create a Singapore-based JV comprising Corcel’s Mambare and Wowo Gap […]