Tungsten West plc said that chief executive officer Max Denning will leave his role and the board with immediate effect. The company added that executive vice-chairman and co-founder Mark Thompson had assumed the responsibilities of CEO. Mr Thompson previously held senior management positions at commodity trader Trafigura and its investment division Galena Asset Management, global […]
Tag: extractive industries
Power Metal receives £35,000 via warrant exercise
Power Metal Resources plc received notice to exercise warrants over 4,631,515 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share, for £34,736. Following admission, Power Metal’s issued share capital will comprise 1,502,733,450 ordinary shares of 0.1p each.
NSTA appoints Stuart Payne as new CEO
The North Sea Transition Authority (NSTA) has appointed Stuart Payne as the new chief executive officer, effective 1 January 2023. CURRENT POSTS He will succeed outgoing CEO Dr Andy Samuel, who has held the post since NSTA’s creation as the Oil and Gas Authority in 2015. An experienced business leader and current NSTA supply chain, […]
Kavango’s Ditau rare earth and KCB projects valued at $8 million
Kavango Resources plc said it had received an independent valuation of US$8 million for its rare earth element (REE) Ditau Camp and Kalahari Copper Belt (KCB) joint venture in Botswana. VALUATION The 50-50 JV, under Kanye Resources plc, is between Power Metal Resources plc and operator Kavango which intends to regain 100% control of the […]
Obituary – mining financier and Western Gold director Willie McLucas
Mining financier and Western Gold Exploration Ltd’s board director Willie McLucas, whose experience took him to numerous countries across the world has died suddenly aged 67. Mr McLucas worked in Australia, Bolivia, Chile, France, Kazakhstan, South Africa, Turkey and Zimbabwe. He established his successful career as a mining financier at Waverley Mining where he developed […]
Angus Energy announces shares issue
Angus Energy plc said that, after receiving exercise notices, it issued 5,803,226 ordinary shares of £0.002 each in the capital of the company. These are at varying exercise prices of 150,000 shares at 0.9 pence per share, 5,250,000 shares at 1 pence per share and 403,226 shares at 1.2 pence per share. The new ordinary […]