i3 Energy plc has appointed Ryan Heath to the board as an executive director with immediate effect. Mr Heath was appointed president of i3 Canada, following i3’s acquisition in December 2020 of Toscana Energy Income Corporation, where he had been chief executive officer since 2019. Prior to Toscana, he was VP land & negotiations at […]
Tag: extractive industries
Corcel raises £466,000 from private investor AUSPECT
Corcel plc raised £466,000 at a 95% premium to the current share price from private Australian investment company AUSPECT Investment PTY Ltd. AUSPECT was introduced by the company’s proposed director Mr Yan Zhao who is a non-executive director of Corcel’s proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). Corcel issued 116,500,000 new ordinary shares of £0.0001 […]
GreenRoc Mining raises £315,000 via discounted placing
GreenRoc Mining plc has raised £315,000 through a discounted placing of 7 million new ordinary shares each at a price of 4.5 pence. DISCOUNT The placing price represents a discount of 13.5% to the closing price per GreenRoc ordinary share of 5.2 pence on 8 December 2022. It is also a discount of 7.1% to […]
EnQuest appoints Gareth Penny as non-executive chairman
EnQuest plc has appointed Gareth Penny as non-executive chairman, effective from today. He replaces Martin Houston whose departure was announced in June. “The board would like to thank Martin Houston for his important contribution to the company during his chairmanship,” said EnQuest in a statement. GARETH PENNY On joining the board, Mr Penny will also […]
FCM assays show ‘massive sulphide’ find at West Pickle Lake
First Class Metals plc (FCM) reported assay results showing a “massive sulphide” discovery representing a “major new nickel district” at West Pickle Lake nickel-copper-cobalt project in Ontario, Canada. JOINT VENTURE The Pickle Lake project area comprises 33 single cell mining claims over which Palladium One Inc has the option to earn in to an 80% interest […]
Corcel reports increase in costs while losses widen
Corcel plc reported widening losses at the end of year in which it expanded its metals assets in Papua New Guinea (PNG). FINANCES Final audited results for the year ended 30 June 2022 show losses of £2.1 million (2021: 1.2m). Administrative costs rose to £1.26m (2021: 1.0m) reflecting increased insurance costs, professional services costs, share […]