Panther Metals plc’s investee Fulcrum Metals plc has signed an option to purchase the gold tailings project at the former producing Sylvanite mine in Ontario. RETURNS Once the fourth largest gold producing mine in the Kirkland Lake gold camp, Sylvanite milled 4.58 million tonnes of ore and produced 1.67m oz between 1927 and 1961. The […]
Investments
Union Jack increases royalties portfolio in USA
Union Jack Oil plc has added three packages of wells to its mineral royalty portfolio in the United States. PROLIFIC The company’s agent and adviser Reach Oil & Gas Inc brokered the purchases. Top-tier Bakken Shale in the Williston Basin is a “diversified producing 96 well interest package” located in Dunn, McKenzie and Williams Counties, […]
CMR cornerstone investor sells 16.3% stake
Critical Mineral Resources plc (CMR)’s cornerstone investor EV Metals Group plc (EVM) has sold its 16.3% holding, which has been bought by two of its directors. KM SECURITIES The shares sale occurred on the same date of 26 January as new investment vehicle KM Securities Pty Ltd purchased 10 million shares at a price of […]
Union Jack signs Texas deals and plans Oklahoma JVs
Union Jack Oil plc has made its “initial” expansion into America with three purchased mineral royalty packages in Texas and planned joint ventures in Oklahoma. PERMIAN BASIN The unit acquisitions in the Permian basin, to be owned in perpetuity with no forward liabilities or obligations, were brokered by the company’s agent and adviser Reach Oil […]
Scirocco shareholders back sale of EAG interest
Scirocco Energy plc shareholders have approved the sale of the company’s interest in biogas and renewables specialist Energy Acquisitions Group Ltd (EAG). At today’s general meeting, the resolution received 95.49% votes in favour with 4.51% against. Completion of the deal is subject to a waiver by Allied Irish Banks plc, relating to an existing loan […]
Europa expands into Equatorial Guinea
Europa Oil & Gas (Holdings) plc has broadened its portfolio with an interest in a production sharing contract, offshore Equatorial Guinea. ANTLER GLOBAL The company purchased a 42.9% equity interest in explorer Antler Global Ltd via a US$3 million cash share subscription, payable in four instalments. Antler holds an 80% working interest in the “highly […]