United Oil & Gas plc’s board of directors has awarded 6,862,005 share options to the company’s chief financial officer Peter Dunne. CONTRACT The shares have an exercise price of 2.47 pence, a vesting period of three years and an expiry date of ten years from the date of granting. United said that the grant of […]
Tag: extractive industries
Cuadrilla Resources in line for £11m to extract shale gas in Lancashire
Cuadrilla Resources plc’s owner said that its recent AUS$19.7 million (£11.5m) fundraise may be used on the shale gas extraction project in Lancashire. REGULATORY CHANGES A statement from Australian owner AJ Lucas Group Ltd yesterday reported completion of the “heavily oversubscribed” placement of 179.4 million shares each at $0.11, a discount of 29%. “Proceeds raised […]
Kavango marks priority target areas in KCB copper-silver licences
Kavango Resources plc said it had delineated 13 priority target areas in four of its 12 copper-silver prospecting licences (PLs) in the Kalahari copper belt (KCB), Botswana. PROGRAMME The company’s field exploration has for the past 12 months focused on PLs 082/2018, 036/2020, 049/2020 and 052/2020. Kavango added it had finalised a flexible strategy, to […]
Cornish Lithium chooses Ai Process for EPCC at Trelavour
Cornish Lithium Ltd has chosen Ai Process Systems Ltd to provide detailed engineering, procurement, supply and manufacture, installation and commissioning services (EPCC) for the Trelavour hard rock lithium project near St Austell. DEMONSTRATION PLANT The Lancashire-based company will focus on the hydrometallurgical section of the demonstration scale processing plant at Cornish Lithium’s Trelith processing site. […]
GreenRoc to reanalyse ilmenite drill results
GreenRoc Mining plc said that further analytical work of drill holes would delay results from its Thule Black Sands ilmenite project in North Greenland POTENTIAL The results, expected during August 2021, are now due at the end of November. “An upper screening of 1.0mm was initially employed, excluding significant mass of potentially ilmenite-bearing material,” added […]
Prospex Energy receives £70,640 via options exercise
Prospex Energy plc received £70,640.52 following notices to exercise options to subscribe for 1,766,013 new ordinary shares of 0.1p each in the company. The options were issued pursuant to option agreements dated 20 July 2020 and have been exercised by three former employees of the company, two of whom are past directors. The exercise price […]