Oriole Resources plc said it was seeking an investment partner for its lithium project in the 4,091km2 Central Licence Package (90%) in Cameroon. ANOMALY Of the nine licences originally chosen for orogenic gold mineralisation and other minerals, Ndom and Gamboukou in the Eastern CLP have shown lithium-bearing pegmatites from mapping and sampling. Chief executive officer […]
Tag: investment
Harbour to cut UK investment and jobs
Harbour Energy plc said that increased UK tax rates on oil and gas had prompted it to reduce its future activity and investment in the country, including job cuts, and plan more international growth. EXPENDITURE In the company’s unaudited trading and operations report for the year ended 31 December 2022, chief executive Linda Cook added […]
Union Jack increases share in Egdon
Union Jack Oil plc has increased its share to 3.13% in Egdon Resources, the operator of the hydrocarbon joint venture (JV) at Wressle, North Lincolnshire. NET REVENUES The news comes as Union Jack reported net revenues of US$10 million from the JV in PEDL180 and PEDL182 since the restart of production in August 2021. The […]
Cornish Lithium to receive further £9m
Cornish Lithium Ltd said that TechMet Ltd will invest a further £9 million at 20 pence per share, following the scoping study for the Trelavour hard rock lithium project. SCOPING STUDY The option is the second tranche of TechMet‘s £18m funding package announced in November 2021. The scoping study sets out the design and economics […]
Cadence completes 20% acquisition of Amapá
Cadence Minerals plc said it had completed all documentation to own 20% of the Amapa iron ore project in Brazil. AGREEMENT The documents relate to a settlement agreement between the company and its joint venture (JV) partner Indo Sino Pty Ltd with DEV Mineração S.A. and the secured bank creditors. Cadence added that the completion […]
Cadence Minerals raises £4.1m
Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]