First Development Resources (AIM:FDR) has hired a contractor for its upcoming drill programme at the Wallal project, in the Paterson province of Western Australia.
It has appointed DDH1 Drilling for the Phase I diamond core drilling programme, which will see holes sunk to depths of up to 3,000 metres
Orosur Mining Inc (AIM:OMI, TSX-V:OMI) told investors that Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) has now sold off its shareholding in the company, as part of a wider disposal strategy by the North American gold miner.
Newmont sold its 9.40% holding to several institutional long-term investors, fetching C$0.19 per share.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has provided an update on its Small Holding Sale Facility.
The company said 1,419 shareholders have retained a total of 10.35 million shares.
Invinity Energy Systems PLC (AIM:IES, OTCQX:IESVF, AQSE:IES) shares traded higher in Friday’s early deals, up over 10%, after announcing a key commercial milestone.
The company, in a statement, said it has received a ‘Notice to Proceed’ from STS Group for a 10.8 MWh ENDURIUM battery order.
Predator Oil & Gas Holdings PLC (LSE:PRD) shares plummeted more than 30% in Friday’s early trade after the firm reported a well update that disappointed.
The MOU-3 well, in Morocco, was perforated using larger perforating guns for the first time, and a nitrogen lift recovered samples.
Valereum PLC (AQSE:VLRM) is raising £500,000 of new equity, with proceeds earmarked to support an expansion of VLRM Markets.
In total, some 16.12 million new shares will be sold priced at 3.1p each – with two tranches, raising £400,000 in a subscription today and £100,000 in a retail offer next week.
ECR Minerals PLC (AIM:ECR) has announced that Mike Whitlow has stepped down as managing director with immediate effect to focus on other business commitments.
Whitlow will remain involved with the company as a consultant to assist with the transition and provide strategic advice.
HeLIX Exploration PLC (AIM:HEX, OTCQB:HHEXF) has appointed Keith Spickelmier as non-executive chair, replacing David Minchin with immediate effect.
Minchin has led the company since its formation in September 2023.
Blencowe Resources PLC (LSE:BRES) has signed a non-binding offtake agreement with Perpetuus Advanced Materials for fine flake graphite from its Orom-Cross Graphite Project in Uganda.
The agreement covers 19,000 tonnes of +97% total graphite content fine flake concentrate over an initial five-year term.
Tissue Regenix Group PLC (AIM:TRX), the regenerative medical devices company listed on London’s AIM market, announced on Friday that David Cocke has retired as chief financial officer, with immediate effect.
He is succeeded on an interim basis by Brandon Largent, who steps up from his current role as associate vice president of finance.
Cel AI PLC (LSE:CLAI), the artificial intelligence software company that manages a treasury holding in Bitcoin, said on Friday that it intends to cancel its listing on the London Stock Exchange and move to the Aquis Stock Exchange Growth Market in September.
It said the switch was necessary to pursue its Bitcoin investment strategy, which it said had become impracticable under London’s current rules.
Blencowe Resources PLC (LSE:BRES) has signed a non-binding offtake agreement with Perpetuus Advanced Materials for fine flake graphite from its Orom-Cross Graphite Project in Uganda. The agreement covers 19,000 tonnes of +97% total graphite content fine flake concentrate over an initial five-year term. Read more ...
First Development Resources (AIM:FDR) has hired a contractor for its upcoming drill programme at the Wallal project, in the Paterson province of Western Australia. It has appointed DDH1 Drilling for the Phase I diamond core drilling programme, which will see holes sunk to depths of up to 3,000 metres. Read more ...
HeLIX Exploration PLC (AIM:HEX, OTCQB:HHEXF) has appointed Keith Spickelmier as non-executive chair, replacing David Minchin with immediate effect. Spickelmier has over two decades of experience in the energy sector, and, has been on the Helix board as non-executive director since April 2023. Read more ...
Valereum PLC (AQSE:VLRM) is raising £500,000 of new equity, with proceeds earmarked to support an expansion of VLRM Markets. In total, some 16.12 million new shares will be sold priced at 3.1p each – with two tranches, raising £400,000 in a subscription today and £100,000 in a retail offer next week. Read more ...
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has provided an update on its Small Holding Sale Facility. The company said 1,419 shareholders have retained a total of 10.35 million shares. A further 860 shareholders have sold, merged or topped up parcels totalling 8.78 million shares. At the close of the process, 46.14 million shares remain in the facility for sale by broker Euroz Hartleys Limited. Read more ...