The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAdriatic Metal. Share News (ADT1)

Share Price Information for Adriatic Metal. (ADT1)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 241.00
Bid: 241.00
Ask: 243.00
Change: -0.50 (-0.21%)
Spread: 2.00 (0.83%)
Open: 245.00
High: 245.00
Low: 241.00
Prev. Close: 241.50
ADT1 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

Mon, 13th Nov 2023 21:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

----------

Atalaya Mining PLC - Nicosia, Cyprus-based Europe-focused copper producer - Says it intends to apply for admission to the London Stock Exchange's Main Market. Says movement of listing from AIM will enhance its profile, appeal to new investors and build on its project success. Says it does not intend to raise funds in connection to the admission. Expects admission before the end of 2023, AIM shares expected to be cancelled before end of December. Chief Executive Alberto Lavandeira says: "We are committed to building upon the significant growth we have achieved to date and our intention to seek admission to the premium listing segment of the Official List reflects our confidence in our future prospects, our expanding investor base and our ambition to become a multi-asset producer with a portfolio of sustainable, scalable and low-risk operations."

----------

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Says subsidiary Tees Valley Lithium Ltd signs lithium supply heads of terms deal with Wogen Resources Ltd. Says deal will secure lithium feedstock for first train of its proposed merchant refinery. Adds that Wogen will supply 20,000 tonnes per year, enough for the first train at the Wilton site for a 5-year period. Notes that lithium price will be negotiated periodically. Expects strong interest from potential offtake partners, discussions continue. Says Wilton refinery expected to be in full production by 2026. Chair Paul Atherley comments: "Signing an agreement with a leading international lithium trader is a significant validation of the project showcasing TVL's strategic drive to ensure consistency in its refining operations backed by Wogen's global expertise and robust trading operations."

----------

Adriatic Metals PLC - precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia - Says exploration drilling at Rupice Northwest, that was not included in its mineral resource estimate, has expanded its deposit. Ads that drilling has continued converting inferred mineralisation to indicated levels. Adds that drilling at its RNW Lower Zone has returned significant high-grade gold and copper, including 43 metres at 2,544 grammes per tonne silver equivalent, including 9.1 grammes of gold per tonne and 1.8% copper. Chief Executive Officer Paul Cronin says: "RNW has expanded westward and to the southeast, bringing it closer to the Rupice deposit and access to underground mining. High silver, zinc and lead grades continue at mineable widths with elevated gold and copper grades."

----------

Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Says its secured gold loan from Asian Investment Management Services Ltd, its principal creditor, is due to be repaid. Says no default notice has been issued, but that the company will have 14 days to repay if a notice is issued. Adds that it is seeking solutions for the repayment of the loan, and is in discussions to renegotiate the payment terms of the loan.

----------

88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Signs three-stage farm-in deal with subsidiary of Monitor Exploration Ltd to earn up to 45% working interest in the onshore petroleum exploration licence 93 in the Owambo Basin in Namibia. Says there is future potential to become project operator. Says its forward programme includes the acquisition of 200 line-kilometres of low-impact 2D seismic in mid-2024, as well as a potential initial exploration well in the first half of 2025. Says farm-in deal is subject to government approval, expected in first quarter of 2024. Managing Director Ashley Gilbert says: "The execution of this farm-in agreement with Monitor provides 88 Energy and its shareholders with a fantastic opportunity to earn a significant working interest in a very large scale, highly prospective, under-explored acreage position on attractive and logically staged commercial terms."

----------

Frenkel Topping Group PLC - professional and financial services firm focused on personal injury and clinical negligence - Extends partnership with Hodge, Jones & Allen with 50.50 joint venture. Says partnership sees HJA joint with its independent financial advice division under HJA Financial Management Services Ltd. Says its Chief Operating Officer Mark Holt and Chief Financial Officer Elaine Cullen-Grant will act as directors, alongside HJA's partner Chun Wong and Director Judy Hardy. Holt said: "Our Working in Partnership programme is designed to create alliances between Frenkel Topping and stand out firms in the Personal Injury and Clinical Negligence space who share the same ethos and a mutual drive to achieve the right outcomes in litigation and beyond settlement."

----------

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
24 Oct 2023 11:27

Adriatic Metals expects to increase stockpile at Vares silver project

(Alliance News) - Adriatic Metals PLC on Tuesday said phased commissioning of the Vares processing plant in Bosnia & Herzegovina has started and will continue for approximately eight weeks.

Read more
18 Oct 2023 09:39

LONDON BROKER RATINGS: Citigroup cuts Wizz Air to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
3 Oct 2023 09:16

Adriatic Metals joins Boliden in green zinc production partnership

(Alliance News) - Adriatic Metals PLC on Tuesday said it joined efforts with Boliden AB for the purchase of zinc concentrates from the Vares silver project.

Read more
13 Sep 2023 09:58

Adriatic Metals interim loss widens as eyes first revenue generation

(Alliance News) - Adriatic Metals PLC on Wednesday reported it is moving towards generating revenue as it reported a widened loss for the first half of 2023.

Read more
24 Aug 2023 09:15

LONDON BROKER RATINGS: Credit Suisse raises Pennon to 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
16 Aug 2023 09:29

LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
16 Aug 2023 08:44

Adriatic Metals hails precious metals finds at Rupice

(Alliance News) - Adriatic Metals PLC on Wednesday gave an update on its Rupice northwest exploration which is part of the company's Vares silver project.

Read more
8 Aug 2023 09:30

IN BRIEF: Adriatic Metals raises USD32.0 million through placing

Adriatic Metals PLC - precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia - Raises USD32.0 million in a placing of 14.8 million shares, at 170 pence each; a 5.1% discount to the 10-day average share price to august 7. Adriatic Metals announced this placing on Monday, saying the proceeds of the placing would fund an expanded and accelerated exploration programme at Rupice and Rupice Northwest, including an additional 40,000 metres of drilling, and associated facilities and equipment.

Read more
7 Aug 2023 17:14

Adriatic Metals proposes USD30 million placing to fund exploration

(Alliance News) - Adriatic Metals PLC on Monday announced it intends to conduct a placing to raise USD30.0 million to fund an expanded exploration programme at the Rupice and Rupice Northwest deposits in Bosnia & Herzegovina.

Read more
27 Jul 2023 18:22

TRADING UPDATES: Pod Point cuts outlook; CVS Group buys in Australia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
24 Jul 2023 09:57

IN BRIEF: Adriatic Metals sees Vares progress ahead of production

Adriatic Metals PLC - Cheltenham, England-based precious and base metals exploration and development company - Says Vares silver project in Bosnia & Herzegovina is 84% complete and expects first concentrate production in November. This comes after the first ore was mined and stockpiled at the Rupice mine last week. Adds final project cost estimate is USD182 million. Cash balance at June 30 was USD85.6 million, and expects exploration outflows of USD75.7 million.

Read more
18 Jul 2023 18:12

TRADING UPDATES: Luceco says first-half ahead of expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
18 Jul 2023 09:21

LONDON BROKER RATINGS: JPMorgan sees positive catalysts for Flutter

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
7 Jul 2023 09:31

LONDON BROKER RATINGS: HSBC raises ConvaTec; Berenberg cuts BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.