Horizonte Minerals plc has awarded Companhia Paranaense de Construção S.A. (Copa) the industrial civil works contract for the construction of its 100%-owned Araguaia nickel project in Brazil. INSTALLATIONS Earlier this year, the company also awarded Copa the earthworks services contract at the project. The new contract covers the supply and installation of the process plant […]
Author: editorial
Initial date set for Union Jack’s capital reduction
Union Jack Oil plc (UJO) said an initial hearing date had been set for the company’s capital reduction exercise. TIMETABLE The exercise was approved in a special resolution at the company’s general meeting on 23 June 2022. Following Union Jack’s application to the High Court of Justice, the initial hearing is scheduled for 12 August […]
Altus shareholders approve Elemental merger
Altus Strategies plc said it had gained majority shareholder approval for its proposed merger with Elemental Royalties Corp. MAJORITY Once completed Elemental shareholders will own 52.9% and Altus shareholders 47.1% of the enlarged mining royalty company Elemental Altus Royalties Corp. Each company will nominate four directors to the board for a total of eight. The […]
Scirocco notes seismic award for Kiliwani North
Scirocco Energy plc announced the award of the seismic acquisition programme covering 200km2 at the Kiliwani North gas development licence (KNDL), onshore Tanzania. RESERVOIR DEFINITION The company holds a legacy 8.39% non-operated working interest in the licence. African Geophysical Services LLP (AGS) will conduct the seismic to include the adjacent Songo Songo licence with a […]
Tungsten West needs further funds for revised mine plan
Tungsten West plc is in discussions for additional funds after its revised plans failed to meet the $49 million loan terms from Orion Resource Partners for the Hemerdon tin-tungsten mine in Devon. FINANCES In its audited results for the year ended 31 March 2022, the company said that the agreed financing package through a royalty […]
Power Metal sells Reitenbach uranium property
Power Metal Resources plc has conditionally sold its 100% owned Reitenbach uranium property east of the Athabasca Basin in Northern Saskatchewan, Canada. TEATHERS FINANCIAL Teathers Financial plc will buy Reitenbach which is one of Power Metal’s ten uranium properties. The investment company was incorporated in the UK on 1 March 1907 under its former name of CA Sperati […]