The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 241.50
Bid: 242.00
Ask: 242.50
Change: 3.00 (1.26%)
Spread: 0.50 (0.207%)
Open: 240.00
High: 245.00
Low: 240.00
Prev. Close: 238.50
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
21 Jun 2023 09:51

Adriatic Metals says close to completion at Vares silver project

(Alliance News) - Adriatic Metals PLC said on Wednesday that construction at the Vares silver project in Bosnia and Herzegovina was near complete and that it will reach ore in the next two weeks.

Read more
15 Jun 2023 10:07

IN BRIEF: Adriatic Metals reports high-grade mineralisation at Rupice

Adriatic Metals PLC - operator of Vares silver project in Bosnia & Herzegovina - Exceeds exploration objectives at the Rupice Northwest mineral deposit in the Vares project. Reconfirms Rupice Northwest lower zone as a copper and gold rich body. Notes mineralisation extension achieved to the west and south-west towards Rupice. Says infill drilling in the second quarter of 2023 showed continuity in high grades and mineralisation thickness between previously drilled holes, de-risking Rupice Northwest to an indicated resource level of confidence. Says advancement of regional exploration programme continues, having started the drilling of a fourth diamond drill rig at Rupice West this month. Adds drilling results will be included in an updated mineral resource estimate for Rupice in July.

Read more
15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

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

Read more
15 Jun 2023 07:55

LONDON BRIEFING: Stocks set lower after US Fed decision, ahead of ECB

(Alliance News) - Stocks in London were set to open lower on Thursday, after the US Federal Reserve paused its interest rate hikes but indicated that more will follow this year.

Read more
17 May 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 18 May 
Ascential PLCAGM
Asimilar Group PLCAGM
Belvoir Group PLCAGM
Bridgepoint Group PLCAGM
Capital LtdAGM
Central Asia Metals PLCAGM
Ceres Power Holdings PLCAGM
ConvaTec Group PLCAGM
Diaceutics PLCAGM
Digital 9 Infrastructure PLCAGM
Energean PLCAGM
European Assets Trust PLCAGM
Fintel PLCAGM
Genuit Group PLCAGM
Inchcape PLCAGM
Invesco Asia Trust PLCAGM
JPMorgan American Investment Trust PLCAGM
Legal & General Group PLCAGM
Lloyds Banking Group PLCAGM
Merchants Trust PLCAGM
Michelmersh Brick Holdings PLCAGM
musicMagpie PLCAGM
Next PLCAGM
Network International Holdings PLCAGM
NIOX Group PLCAGM
PensionBee Group PLCAGM
Public Policy Holding Co IncAGM
Quilter PLCAGM
Riverstone Energy LtdAGM
Safestyle UK PLCAGM
Science Group PLCAGM
Secure Trust Bank PLCAGM
Smart Metering Systems PLCAGM
Somero Enterprises IncAGM
St James's Place PLCAGM
Tyman PLCAGM
Unite Group PLCAGM
Vesuvius PLCAGM
Vistry Group PLCAGM
Yu Group PLCAGM
Friday 19 May 
Bank of Georgia Group PLCAGM
Permanent TSB Group Holdings PLCAGM
Sancus Lending Group LtdAGM
Monday 22 May 
Blackrock Latin American Investment Trust PLCAGM
Crossword Cybersecurity PLCAGM
Judges Scientific PLCAGM
Stelrad Group PLCAGM
Venture Life Group PLCAGM
Tuesday 23 May 
888 Holdings PLCAGM
Access Intelligence PLCAGM
Arix Bioscience PLCAGM
Bank of Ireland Group PLCAGM
Big Technologies PLCAGM
Bigblu Broadband PLCAGM
Centamin PLCAGM
CT Private Equity Trust PLCAGM
Empresaria Group PLCAGM
Epwin Group PLCAGM
Forterra PLCAGM
Fresnillo PLCAGM
Fulcrum Utility Services LtdGM re issue of conversion shares
Gresham Technologies PLCAGM
Harworth Group PLCAGM
Hilton Food Group PLCAGM
hVIVO PLCAGM
HydrogenOne Capital Growth PLCAGM
IQ-AI LtdAGM
JTC PLCAGM
K3 Business Technology Group PLCAGM
Pebble Group PLCAGM
Portmeirion Group PLCAGM
PPHE Hotel Group LtdAGM
Restaurant Group PLCAGM
Shell PLCAGM
Sherborne Investors (Guernsey) C LtdAGM
TMT Investments PLCAGM
Triple Point Income VCT PLCAGM
Triple Point Social Housing REIT PLCAGM
Trustpilot Group PLCAGM
Twentyfour Income Fund LtdAGM
Wickes Group PLCAGM
Xeros Technology Group PLCAGM
Wednesday 24 May 
4imprint Group PLCAGM
Adriatic Metals PLCAGM
Arbuthnot Banking Group PLCAGM
Artisanal Spirits Co PLCAGM
Bango PLCAGM
Coca-Cola Europacific Partners PLCAGM
Deliveroo PLCAGM
Deltic Energy PLCAGM
Distribution Finance Capital Holdings PLCAGM
Dunedin Enterprise Investment Trust PLCAGM
ECSC Group PLCCourt and General Meetings re Daisy Corporate Services Trading Ltd takeover
Empiric Student Property PLCAGM
Fidelity Japan Trust PLCAGM
HICL Infrastructure PLCAGM
Horizonte Minerals PLCAGM
Intertek Group PLCAGM
Ithaca Energy PLCAGM
Kelso Group Holdings PLCAGM
Lookers PLCAGM
M&G PLCAGM
Mercantile Investment Trust PLCAGM
Microlise Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
National World PLCAGM
Ondine Biomedical IncAGM
Petershill Partners PLCAGM
Playtech PLCAGM
Quarto Group IncAGM
Real Estate Investors PLCAGM
Tullow Oil PLCAGM
US Solar Fund PLCAGM
Zotefoams PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2023 14:14

Adriatic Metals draws down third tranche of debt financing from Orion

(Alliance News) - Adriatic Metals PLC said on Tuesday it has drawn down the third USD30 million tranche of senior secured debt from Orion Mine Finance.

Read more
20 Apr 2023 10:34

Adriatic Metals reports high-grade mineralisation at Rupice Northwest

(Alliance News) - Adriatic Metals PLC on Thursday said that a new elevated base and precious metals zone has been identified below the footwall of the Rupice Northwest deposit.

Read more
17 Apr 2023 10:49

Adriatic Metals Vares project 70% complete, delayed until November

(Alliance News) - Adriatic Metals PLC said on Monday its Vares project will begin production later this year and drew down the second tranche of senior secure debt.

Read more
31 Mar 2023 12:10

Adriatic Metals loss widens as Vares project construction continues

(Alliance News) - Adriatic Metals PLC said on Friday its loss in 2022 widened amid an increase in expenses

Read more
27 Feb 2023 10:34

Adriatic Metals drilling at Rupice demonstrates sulphide deposits

(Alliance News) - Adriatic Metals PLC on Monday said its exploration drilling at the Rupice Northwest project in 2022 was successful, showing that a trend of "thick, high-grade massive" sulphide mineralisation continuing.

Read more
13 Feb 2023 07:54

LONDON BRIEFING: Kape Technologies gets offer; MJ Hudson auditor quits

(Alliance News) - Stocks in London were set to open slightly higher on Monday, though held back from bigger gains by hawkish comments from central bankers about interest rates.

Read more
13 Feb 2023 07:48

Adriatic Metals draws down second tranche of debt financing for Vares

(Alliance News) - Adriatic Metals PLC on Monday said it has drawn down on the second tranche of its senior secured debt in order to continue constructing the Vares project in Bosnia & Herzegovina.

Read more
31 Jan 2023 12:01

Adriatic Metals hails potential of flagship asset on drilling progress

(Alliance News) - Adriatic Metals PLC on Tuesday said it remains on track to deliver progress at its flagship project, as it nears production at the asset.

Read more
12 Jan 2023 12:45

Adriatic Metals says Rupice NW test still showing high-grade sulphide

(Alliance News) - Adriatic Metals PLC on Thursday said its drilling campaign at the Rupice Northwest section of the Vares silver project is still indicating high-grade sulphide mineralisation.

Read more
30 Dec 2022 09:50

Adriatic Metals draws down first USD30 million tranche of debt package

(Alliance News) - Adriatic Metals PLCĀ on Friday said it made the first drawdown of its USD142.5 million debt packages with asset management firm Orion Resource Partners LLP.

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.