Thor Mining PLC (LON:THR) told investors its Pilot Mountain tungsten project has received a boost after the US House of Representatives passed an Act that lists the metal as a critical commodity. The House’s Natural Resources Committee has passed the National Strategic and Critical Minerals Production Act, which Thor expects to accelerate regulatory approvals of mining developments for critical mineral projects in the US.
Papua Mining PLC (LON:PML) has told investors that a ‘permit to mine’ has been granted for the Monarch exploration area in Queensland. It means that the Monarch exploration tenement has been granted to Papua for a five-year period.
Trinidad-based oiler Range Resources Limited (LON:RRL) increased production by an average 22% in its latest half-year. Yan Liu, Range’s chief executive, said: “We are extremely encouraged by the progress in both operational and financial performance demonstrated in the interim results.
Capital Drilling Limited (LON:CAPD) has reported some 28% of revenue growth for the twelve months ended December 31, driving a substantial improvement in earnings. The drill services contractor reported US$24.3mln of earnings (EBITDA), up 86% from the US$13.1mln achieved in the preceding year, after revenues grew to US$119mln from US$93.3mln.
Stratex International plc (LON:STI) has proposed a capital re-organisation so it has the flexibility to issue shares for potential investments or an equity fundraising. The gold explorer said its ordinary shares have recently been trading at a discount to their nominal value of 1p for some time.
Premier African Minerals Limited (LON:PREM) has raised £400,000 in part to cancel warrants issued in a previous funding. Shares were issued at 0.16p, with £145,000 of the raise earmarked for financier Darwin’s warrants.
Curzon Energy Plc (LON:CZN) has updated investors on its operations at the Coos Bay coal bed methane project, where test gas production volumes are described as being in line with expectations. The company noted that the production was, at present, sufficient to power the wellhead pumping equipment and it is expecting rates to increase steadily as well dewatering operations continue.
Landore Resources Limited has raised gross proceeds of £3.15mln through a placing and subscription of 210mln new ordinary shares at a price of 1.5p each, around a 13% discount to the current share price. The firm said net proceeds will allow it to complete a 12,000 metre drilling programme aimed at advancing the existing BAM East Gold deposit to a 1mln ounce gold resource. Landore Resources also announced today that Cenkos Securities PLC has been appointed as broker to the company with immediate effect.
Mosman Oil And Gas Limited (LON:MSMN) has confirmed that it has increased its stake in the Arkoma project in Oklahoma to 27%. The company said that it will now proceed with installing high-volume electrical submersible pumps and infrastructure upgrades to support production growth at Arkoma.
European Metals Holdings Limited (LON:EMH) in its interim financial report, reflected on a period in which it saw progress at the group’s flagship Cinovec project, in Czech Republic, though the primary ‘new’ piece of information was that the explorer and mine developer ended December with a health cash position. The pre-revenue group had US$3.43mln of cash and equivalents at the end of the six-month period, and it reported a US$1.8mln loss, with the majority of the outgoing in the form of share-based payments.
Energy firm Aggregated Micro Power Holdings plc (LON:AMPH) unveiled plans to reduce the firm's capital, kick-starting a process, which could see dividends paid to shareholders. The company, which sells wood fuels and installs commercial-size biomass-fuelled boilers, currently does not have any distributable reserves and is therefore not allowed to pay divis, but the board thinks now is the time to change this.
Ferrum Crescent Ltd (LON:FCR) reported a loss of A$712,548 for the year, and it ended 2017 with cash and equivalents amounted to A$364,404.
Feedback plc (LON:FDBK) has announced the appointment of Lindsay Melvin as chief financial officer with immediate effect. The AIM-listed medical imaging firm said that Melvin, a chartered accountant, brings 30 years of financial and business experience to the company.
Active Energy Group PLC (LON:AEG) has announced the appointment of Simon Melling as a non-executive director of the company with immediate effect. It said Melling, who will serve on the company's Audit and Remuneration Committees, is a highly experienced corporate and commercial specialist with extensive experience in the growth company arena, both as a CEO of an AIM listed company and as a corporate finance adviser to growth companies.
Tavistock Investments PLC (LON:TAVI) said it has agreed to grant two additional tranches of performance-related share options to key members of the senior management team, including chairman, Oliver Cooke, and chief executive, Brian Raven. The first tranche of the performance-related share options is over an aggregate total of 30,000,000 shares and the second tranche is over an aggregate total of 30,000,000 shares, making a combined aggregate total of 60,000,000 shares.
Shanta Gold Limited (LON:SHG) has announced that, following salary sacrifices by senior management and the change in company policy to pay senior management performance pay in shares, Eric Zurrin (chief executive officer), Luke Leslie (chief financial officer), Honest Mrema (general manager), Philbert Rweyemamu (general manager) and Calvin Mlingi (head of country Affairs) have each been issued with ordinary shares which, in aggregate, this will result in the issuance of 7,692,898 ordinary shares.
Ariana Resources plc(LON:AAU) said it has been informed that Diana de Villiers, the wife of its chairman Michael de Villiers today purchased 2mln ordinary shares at an average price of 1.33p per share. Following this purchase, Michael de Villiers' total shareholding will be held to be 42mln ordinary shares representing 4% of the company's issued share capital.
Oracle Power PLC (LON:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in the south-eastern Sindh Province of Pakistan, announced that a new corporate presentation is now available on the company's website.
Connemara Mining Company PLC (LON:CON), the Irish gold and zinc exploration and development company, announced that Patrick Cullen, its chief executive officer, will presenting at the Global Mining Finance Spring Conference in London on 21st March 2018.
ValiRx Plc (LON:VAL), the clinical stage biotechnology company, has announced the appointment of Novum Securities Limited as the Company's broker with immediate effect.
Xtract Resources PLC (LON:XTR) announced late yesterday that is has appointed Novum Securities Limited as joint broker to the company with immediate effect. It said Beaumont Cornish Limited, continues to act as nominated adviser and joint broker to the company.