Infrastrata raises £925k to progress massive Northern Irish gas storage project #INFA

Infrastrata (LSE:INFA) has raised more than £900,000 to help fund the construction of its Islandmagee gas storage project in Northern Ireland. The company has conditionally raised £925,000 by placing shares at 0.24p each with high net worth investors through new broker SI Capital. The majority of the money raised will be put towards commencing and…

Metal Tiger joint venture gets drilling green light from authorities in Botswana #MTR

Resources firm Metal Tiger (LSE:MTR) has announced that its joint copper venture in Botswana has received drilling approval from the country’s authorities. The Botswana Department of Environmental Affairs has approved the environmental management plan (EMP) for a drilling campaign at the 50km long T3 Dome in the country’s Kalahari Copper Belt. The T3 Dome is…

Investors’ wide berth of Thor Mining continues despite bumper news week – time to buy? #THR

This past week has seen Thor Mining (LSE:THR) deliver a double dose of good news to investors, with the firm potentially increasing the life of its Molyhil operation while further strengthening its already-sturdy cash balance. Thor had already looked undervalued with a market cap of less than £20m despite publicly available assessments of its assets…

Hurricane Energy has wind in its sails as production work restarts at key site (HUR)

Hurricane Energy (LSE:HUR) announced yesterday that a successfully fast-tracked boulder relocation programme had enabled work to continue at its Lancaster offshore field, which is targeting first oil in H1 2019. The programme had to be carried out after site surveys at Lancaster found boulders near areas where the firm is planning early production system subsea…