Zanaga Iron Ore Co Ltd (AIM:ZIOC) has secured a $21.5 million investment backed by top mining veterans, including former Anglo American and Glencore bosses. The funds will buy out Glencore’s 43% stake and push the massive Republic of Congo project forward.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has received an offer letter for a Mining Licence covering 480 square kilometres at its Rukwa Helium Project in Tanzania. CEO Lorna Blaisse says it's a milestone for both the company and Tanzania’s helium industry.
Meanwhile, Helium One Global has also completed its Jackson-31 well in Colorado, confirming free gas in the Upper Lyons Sandstone Formation. The well flowed gas naturally, with a 57-foot gas-saturated section, and further testing is planned.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) expects to start flow testing at its Megrez-1 well in Alaska this month. Testing will assess six pay zones, with potential flow rates between 200 and 2,000 barrels of oil equivalent per day.
Georgina Energy PLC (LSE:GEX) has completed an Environmental Impact Statement for its Hussar helium and hydrogen prospect in Australia, with a further study required due to the expanded project area. At Mt Winter, seismic data is being reprocessed, and updated volumetric assessments are underway, with a final report expected in April.