Clontarf Energy plc aims to partner with the German Mittelstand after reaching the third phase of the bidding process for seven priority salt pans in Bolivia. OFF-TAKE Phase III includes confirmation of the financial capacity of the company’s joint venture with NEXT-ChemX. Assessment by the Bolivian State Lithium Company (YLB) will include a review of […]
Tag: finance and funding
Golden Metal receives £186,000 via warrant exercise
Golden Metal Resources plc received notices to exercise warrants over 1,727,630 new ordinary shares of 1 pence each in the company at an exercise price of 10.75p per warrant share, for £185,720.22. Following admission, the company’s issued share capital will comprise 106,777,165 ordinary shares of 1p each with voting rights. The exercise was prior to the end of […]
Corcel receives £400,000 of fundraise
Corcel plc has to date received £399,750 cash of April’s £1.3m fundraise. The company will issue 79,950,000 of tranche I shares, including 39,975,000 shares to director Geraldine Geraldo. The company will also issue 79,950,000 warrants. Corcel expects the balance of the tranche I funds of £400,000 and the tranche II funds of £500,000 in due course. […]
Arkle raises £270,000 via placing
Arkle Resources plc has raised £270,000 before expenses via a placing of 108,000,000 new ordinary shares at a price of 0.25p per share. DIRECTORS Each placing share has one warrant attached with the right to subscribe for one new ordinary share at 0.35p for a period of two years. Proceeds will be used for lithium exploration […]
Deltic risks losing Pensacola without funds
Deltic Energy plc needs to find £15 million for its share of costs for the Pensacola discovery or withdraw from the project if it fails to find a farm-in partner by the end of May. CAPITAL The company also warned it might not be able to obtain alternative sources of capital or on acceptable terms. […]
Kavango raises £3m via Purebond support
Kavango Resources plc has raised £3,085,366 by issuing 257,113,862 new ordinary shares in the capital of the company at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. DIRECTORS The company’s major shareholder Purebond Ltd, which subscribed for 221,213,862 new ordinary shares, underwrote the accelerated bookbuild. Purebond’s previous May 2023 investment in […]