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Pin to quick picksAdriatic Metal. Share News (ADT1)

Share Price Information for Adriatic Metal. (ADT1)

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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
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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:

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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."

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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."

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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."

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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.

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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."

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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."

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
28 Nov 2022 09:37

IN BRIEF: Adriatic Metals reaches half-way mark at Vares project

Adriatic Metals PLC - exploration and development company with key projects in Bosnia & Herzegovina and Serbia - Says the Vares silver project in Bosnia & Herzegovina remains on schedule with the first concentrate production planned for the third quarter of 2023. Says half of the total project construction is now complete. As at November 21, completes 277 metres of Lower Decline and 177 metres of Upper Decline.

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28 Nov 2022 07:49

LONDON BRIEFING: Arrests after anti-lockdown protests across China

(Alliance News) - Stocks in London are set to open lower on Monday, amid risk-off sentiment globally, following anti-lockdown protests across several major cities in China.

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31 Oct 2022 12:23

IN BRIEF: Adriatic Metals nears half-way mark at Vares silver project

Adriatic Metals PLC - exploration and development company with key projects in Bosnia & Herzegovina and Serbia - Says construction at the Vares silver project in Bosnia & Herzegovina is now 45% complete, with 72% of capital expenditure awarded, pending award or quoted. Completes 207 metres of Lower Decline development and 100 metres of Upper Decline development. The final project cost estimate marginally increases to USD173 million, with the firm adding this is "well within" its contingencies. First concentrate production is on track for the third quarter of 2023, as anticipated.

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26 Oct 2022 10:59

Adriatic Metals confirms mineralisation extension at Rupice Northwest

(Alliance News) - Adriatic Metals PLC on Wednesday said it remains confident of expanding the mine life of its Rupice deposit, as high-grade intercepts from exploration drilling continue to expand the north-west extension.

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7 Oct 2022 15:56

Adriatic Metals says Vares project is nearly half way to completion

(Alliance News) - Adriatic Metals PLC on Friday said that nearly half of its Vares project is now complete as it navigated supply chain difficulties.

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14 Sep 2022 11:25

CORRECT: Adriatic Metals CEO buys shares and director sells in June

(Correcting that the transactions took place in June and amending price of Cronin's purchase.)

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12 Sep 2022 10:10

Adriatic Metals interim loss widens as finance expenses surge

(Alliance News) - Adriatic Metals PLC on Monday said its half-year loss widened as expenses increased and one-off gains dropped.

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12 Sep 2022 09:37

IN BRIEF: Adriatic Metals CEO buys shares as non-exec director sells

Adriatic Metals PLC - Vares silver project in Bosnia & Herzegovina and Raska zinc-silver project in Serbia - Non-Executive Director Peter Bilbe sells 300,000 shares at AUD2.33 to AUD2.40, worth AUD717,115, about GBP412,990, on Wednesday last week. Meanwhile, Managing Director & Chief Executive Officer Paul Cronin buys 100,000 shares, mostly at AUD2.40, worth AUD239,819, on Thursday. Both transactions were done in Sydney via Chess depositary interests.

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1 Jul 2022 21:53

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

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

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23 Jun 2022 20:30

DIRECTOR DEALINGS: Berkeley Group CEO and new chair buy shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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6 Jun 2022 14:35

IN BRIEF: Adriatic Metals CEO buys shares as non-exec director sells

Adriatic Metals PLC - Vares silver project in Bosnia & Herzegovina and Raska zinc-silver project in Serbia - Non-Executive Director Peter Bilbe sells 300,000 shares at AUD2.33 to AUD2.40, worth AUD717,115, about GBP412,990, on Wednesday last week. Meanwhile, Managing Director & Chief Executive Officer Paul Cronin buys 100,000 shares, mostly at AUD2.40, worth AUD239,819, on Thursday. Both transactions were done in Sydney via Chess depositary interests.

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30 May 2022 18:29

TRADING UPDATES: UKOG signs lease; Alien Metals to buy Vivash Gorge

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

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23 May 2022 16:03

UK shareholder meetings calendar - next 7 days

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 Mar 2022 14:22

EARNINGS UPDATES: Barkby pubs bounce back; Catalyst Media in profit

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

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16 Mar 2022 14:17

EXECUTIVE CHANGES: SEEEN names two interim CEOs after Kinetiq tie-up

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:

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