Rockhopper Exploration plc and its partner have taken the final investment decision on phase I development of the Sea Lion field, offshore north of the Falkland Islands. CONTRACTS The company and operator Navitas Petroleum Development and Production Ltd have also agreed and signed financing arrangements, which are expected to finalise over the coming weeks. Once […]
Tag: extractive industries
Tungsten West agrees £4m bridge loan
Tungsten West plc has arranged an unsecured £4 million bridge loan facility and conditionally agreed the full conversion of the 2023 convertible loan notes, with the same existing investors. PRODUCTION The agreement will advance of the “overall construction funding package” for the company’s Hemerdon tin-tungsten mine in Plympton, Devon. The bridge facility, which accrues 15% […]
Corcel raises £3m via placing
Corcel plc has raised £3 million via an equity placing of 857,142,858 new ordinary shares of £0.0001 each, at a price of £0.0035 per share, from two new shareholders. TVRs The company said that the new investors had “decades of institutional investment experience and deep expertise in global capital markets”. Following admission, Corcel’s total issued […]
GreenRoc granted exploitation licence for Amitsoq
GreenRoc Strategic Materials plc has been granted an exploitation licence for its Amitsoq graphite mine project, a hundred years after its closure, in southern Greenland. ASSESSMENTS The Government of Greenland awarded the 30-year permit for graphite at Piiaaffik Amitsoq, the placename for the deposit. The company’s local subsidiary, Greenland Graphite a/s, is currently preparing project […]
Harbour appoints Gregory Hill as NED
Harbour Energy plc has appointed Gregory Hill as an independent non-executive director on the board, effective from 1 January 2026. Shareholders will vote on Mr Hill’s election at the company’s 2026 general meeting. He is expected to serve on the audit & risk and health, safety, environment & security committees. Mr Hill’s global energy leadership […]
Anglesey to cancel £4m debt with assets transfer
Anglesey Mining plc aims to cancel £4 million of debt by transferring its iron ore interests in Sweden and Canada to its largest creditor, Energold Minerals Inc. INVESTMENT The North Wales explorer, which as at 31 August 2025 held £26,271, will then focus solely on the Parys Mountain polymetal project. The move follows a binding […]