Galantas Gold Corp. shareholders have approved the acquisition of Sol de Oro Mining Ltd, holder of the Andacollo gold project in Chile. COMPANY MOVES Sol de Oro is owned by Galantas’ senior vice president operations Robert Sedgemore. The transaction, for US$32 million (£23.9m) cash and 91,313,890 company common shares, is expected to close later in […]
Company Moves
Reabold makes tentative offer for Union Jack
Union Jack Oil plc has received a non-binding, indicative and undisclosed all-share offer from investor Reabold Resources plc. DEBT Following receipt of the offer by letter on 1 June 2026, Union Jack said it had provided due diligence access to Reabold. “Discussions with Reabold are ongoing and there can be no certainty that any offer will be forthcoming […]
UKOG sells entire Horse Hill stake for £1m
UK Oil & Gas plc has agreed a £1 million sale of its 85.635% interest in the Horse Hill field and its PEDL137 licence, located near Gatwick Airport in Surrey, to London-based energy B plc. The Aquis-listed company raised £1.2m for the acquisition, through a placing of 9,479,200 ordinary shares at £0.12 per ordinary share, […]
Strategic to appoint independent director
Strategic Minerals plc intends to appoint Luke Rogers as independent non-executive director, subject to completion of due diligence. Mr Rogers has more than 15 years’ experience as a mining executive and engineer, with a focus on “critical and strategic minerals”. He has worked in mine development and operations, as well as project evaluation and investment […]
Harbour NED steps down
Harbour Energy plc’s BASF-nominated non-executive director Hans-Ulrich Engel has stepped down, after the German company’s holding in the oil and gas producer fell below 25%. ASSETS Under the September 2024 agreement, BASF Handels-und Exportgesellschaft mit beschränkter Haftung was entitled to nominate two directors to the Harbour board. Following Mr Engel’s departure on 8 June 2026, […]
Arkadian begins trading under new name
Arkadian Strategic Metals plc, formerly Alba Mineral Resources plc, began trading today, 8 June 2026, under its new name. ASSETS The company’s main project is the Clogau-St David’s gold mine along with wider exploration licences in North Wales. Arkadian’s additionally has a 51% interest are in the Motzfeldt critical minerals project, and 23.97% ownership of […]