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Mining investment company Alecto Energy saw pre-tax losses widen in the half year to June 30 to £389,812, from £88,214 over the same period the previous year, as it laid foundations for exploration activity in Mauritania. Alecto has submitted applications for three gold and base metal and two urani
Read moreAlecto Energy was up by almost half at one point this morning, forcing the resource sector investor to publicise current plans and confirm it is in talks about a number of potential investments and opportunities. The company said it could benefit from any upside at Bulgarian Mining Corporation foll
Read moreLONDON (Dow Jones)--Alecto Energy PLC (ALO.LN), an AIM listed resource investment company, said Wednesday that, following the completion of a detailed technical review by SRK Exploration Services and the company's geological team, it has decided to convert the loan to Bulgarian Mining Corp. Ltd. int
Read moreLess than two weeks after denying reports that its Else mobile project was in trouble Israeli technology firm Emblaze has confirmed it is abandoning plans to manufacture the First ELSE mobile device. The company said it will concentrate its efforts on licensing the ELSE Intuition platform and techn
Read moreLONDON (Dow Jones)--Alecto Energy PLC (ALO.LN), a resource investment company, said Wednesday it has taken a 9.73% share holding in Charles Street Capital PLC (CHC.LN). MAIN FACTS: -Alecto's GBP100,000 investment in Charles Street comprises 100 million ordinary shares in Charles Street at a
Read moreFormer cleantech company Alecto Energy has an exclusivity period to assess Bulgarian uranium exploration licences. AIM-quoted Alecto will provide Bulgarian Mining Corporation with a £45,000 working capital loan as part of the agreement. BMC is also receiving 30m shares at a nominal price of 0.3p eac
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