Blencowe Resources - AFC Expression of Interest
Blencowe Resources Plc has received an Expression of Interest from the African Finance Corporation for both debt and project equity funding for the Orom-Cross graphite project in Uganda. This marks significant progress in their financing strategy, complementing existing DFC support, and solidifying their position in the global graphite market.
Argo Blockchain PLC - Term Sheet for up to $40 Million Financing
Argo Blockchain plc has entered into a non-binding term sheet for up to $40 million in senior secured convertible loans. The financing will support the upgrade of Argo's Quebec mining fleet, strengthen the balance sheet, and explore merger and acquisition opportunities, with an 8% interest rate and 25% conversion premium.
Helium One Global Ld - Jackson-31 Well Drilled to TD & Free Gas Confirmed
Helium One Global Ltd (AIM: HE1) announced the successful drilling of the Jackson-31 well to a total depth of 1,210ft at the Galactica Project in Colorado, confirming free gas presence. The well flowed naturally, encountering 57ft of gas-saturated sandstone. Samples are under analysis, and a rig is moving to the next site.
ECR Minerals PLC - Proposed acquisition of Maximus Minerals Ltd
ECR Minerals plc plans to acquire Maximus Minerals Ltd, securing three base metal projects in Ontario, Canada. The acquisition will be conducted through an all-equity transaction and includes an option to acquire the Cat Key Project. This move aims to expand ECR's geographical reach and diversify its asset portfolio.
Georgina Energy PLC - Operational Update
Georgina Energy Plc reports progress at the EP513 Hussar site and EPA155 Mt Winter. The Environmental Impact Report is nearly complete, with the final study and cultural survey scheduled. After acquiring 100% interest in EPA155, seismic data reinterpretation is underway. Negotiations continue for additional high-potential targets in helium, hydrogen, and hydrocarbons.