The UK could once more be a skills leader in exploration and mining as well as a leading player in the global race for critical minerals, said the Government today. UK CRITICAL MINERALS STRATEGY Business secretary Kwasi Kwarteng was speaking as he announced the UK’s first ever critical minerals strategy. The policy paper ‘Resilience for […]
Tag: extractive industries
Power Metal receives £139,115 via warrant exercise
Power Metal Resources plc received £139,115 following notices to exercise warrants over 18,548,700 new ordinary shares of 0.1 pence each in the company. The warrant shares exercised at a price of 0.75p each. Following admission, the company’s issued share capital will comprise 1,531,808,465 ordinary shares of 0.1p each.
Serica Energy quadruples production from Bruce
Serica Energy plc has quadrupled production from its 24-year-old well in the Bruce field while the Columbus well reached one million barrels of oil equivalent this month. BRUCE In an operations report, the company said that following Serica’s first light well intervention vessel (LWIV) campaign, the initial well (Bruce M1) was re-entered for the first […]
Predator executive chairman reduces stake in company
Predator Oil and Gas Holdings plc today announced that on 19 July H2Green Power Ltd sold its shareholding of 1,785,700 ordinary shares at 9p per share, for £160,713. CONFLICTS The company said that the sale of the holding was executed “to remove any potential conflicts of interest between the two entities and to provide funding […]
Power Metal receives £78,947 via warrant exercise
Power Metal Resources plc has received £78,947 from an exercise of warrants. The company received notice to exercise warrants over 10,526,315 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share. Following admission, the company’s issued share capital will comprise 1,513,259,765 ordinary shares of 0.1p each.
Cora increases MRE by 14% for Sanankoro
Cora Gold Ltd announced a 14% increase to its revised mineral resource estimate at the Sanankoro gold project in southern Mali. EXPLORATION The company also reported a 22% increase in oxide indicated mineral resources from 419koz to 509koz. Cora added that the MRE, at a cut-off grade of 0.4 g/t gold, comprised 24.9 Mt of […]