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Thursday, May 14, 2026

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Interesting Company News Today

TAG Oil Provides Update on Drilling Operations at BED-1 and SERQ Concessions

TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) announced it has secured a drilling rig for the upcoming T-200 well at the Badr Oil Field (BED-1) in the Western Desert of Egypt. Drilling operations are anticipated to start by the end of June 2026, pending regulatory approvals. The T-200 vertical well is planned to test the Abu Roash "F" formation and is projected to reach a total depth of 4,250 meters, requiring approximately 60 days to drill and complete. The company also reported that preliminary approval for its award in the Southeast Ras Qattara Concession (SERQ) has been withdrawn and will be resubmitted after new legal amendments. These developments are significant for investors as they indicate progress in TAG Oil's exploration activities in Egypt.

Manhattan Uranium Discovery Corp. Highlights Premier Project Portfolio

Manhattan Uranium Discovery Corp. (TSXV: MANU) announced an overview of its consolidated uranium portfolio, which includes 15 past-producing uranium mines across 25 underexplored U.S. properties covering 25,099 acres, as well as high-grade discovery-stage exposure in Canada's Athabasca Basin. The company reports over $11.5 million in cash and has secured drill permits and expanded land packages for key projects in Utah and Nevada. Manhattan has also appointed Spencer MacLean as President and entered into multiple marketing and investor relations agreements, with total compensation figures disclosed. The company is preparing for a fully funded 25-30 hole drill program in the Athabasca Basin set to commence in June 2026. These developments position Manhattan to advance its uranium projects and capitalize on the growing demand for domestic uranium.

New Zealand Energy Corp. Provides Corporate Update

New Zealand Energy Corp. (TSXV: NZ) announced that the Tariki Petroleum Mining Licence (PML 38138) in New Zealand has been formally extended for a further five-year term, now expiring on July 20, 2031. The extension includes an updated work program, and the joint venture has already commenced artificial lift operations at the Tariki-5A well and restarted production activities at the Tariki gas field. The company is progressing toward establishing stabilized gas flows from the Tariki gas field by January 20, 2028. Additionally, Mr. Frank Jacobs has resigned as a director effective immediately. The company continues to work on completing its annual disclosure documents for the year ended December 31, 2025, and expects to complete the required filings within the previously disclosed timeline.

Premier American Uranium Commences 100,000 ft Exploration Drilling Program at the Kaycee ISR Uranium Project, Wyoming

Premier American Uranium Inc. (TSXV: PUR, OTCQB: PAUIF) announced the commencement of its 2026 exploration drilling program at its wholly-owned Kaycee Project in the Powder River Basin of northeastern Wyoming, United States. The program began on May 5, 2026, and includes approximately 100,000 ft of proposed drilling across key target areas, with professional survey work underway for about 500 exploration drillhole collars and 100 historic CBM well collar locations. Recent claim staking has increased the Kaycee land position to approximately 29,841 combined acres. The project is described as the largest grass-roots ISR exploration in the United States, with upwards of 400,000 ft of drilling completed since 2023. The company aims to expand and better define known areas of uranium mineralization and further delineate subsurface host channels.

Surge Announces Resource Upgrade at Nevada North: 657.5 Mt Grading @ 3,007 ppm Li Containing 10.5 Mt LCE Measured and Indicated Including 6.7 Mt LCE @ 3,820 ppm Li

Surge Battery Metals Inc. (TSXV: NILI, OTCQX: NILIF) and Evolution Mining Limited, through their joint venture Nevada North Lithium, LLC, have announced an updated Mineral Resource Estimate (MRE) for the Nevada North Lithium Project. The project now hosts a Measured and Indicated Resource of 657.5 million tonnes grading 3,007 ppm Li, containing 10.5 million tonnes of Lithium Carbonate Equivalent (LCE). The updated MRE demonstrates an 87% conversion of the PEA mine pit into higher-confidence Measured and Indicated resource categories. The Inferred Resource hosts 271.3 million tonnes grading 2,160 ppm Li, containing 3.1 million tonnes of LCE. This update is significant as it highlights the scalability and optimization potential of the project for future development.

Progress update on German geothermal licences

Cindrigo Holdings Limited (LSE: CINH) announced progress on its German geothermal licences, with BAFA BEW Module 1 funding eligibility extended for the Eich and Worms areas and first-time approval for the Weinheim area. BEW Module 1 grants may cover up to 50% of eligible pre-development costs, capped at €2 million per licence, and approximately €300,000 of qualifying expenditure has been incurred to date. The company is advancing a Heat Demand Feasibility Study for Eich, supporting future eligibility for BEW Module 2, which may provide grants covering up to 40% of eligible project costs, up to €100 million. Cindrigo holds an 85% interest in the Eich, Worms, and Weinheim licence areas, covering approximately 125 km² with the potential to support about 300 MW of district heating and electricity generation. The company continues exploration and preparation work across its German geothermal portfolio.

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