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Alba Mineral Resources: Clogau & Lithium Option Update

Alba Mineral Resources: Clogau & Lithium Option Update

Share Price Information for Alba Mineral Resources (ALBA)

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Share Price: 0.0625
Bid: 0.055
Ask: 0.07
Change: 0.00 (0.00%)
Spread: 0.015 (27.273%)
Open: 0.0625
High: 0.0625
Low: 0.0625
Prev. Close: 0.0625
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AIM WINNERS & LOSERS: Alba wins permits; Aptamer cash-strapped

Tue, 04th Jul 2023 10:32

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Alba Minerals Resources PLC, up 53% at 0.17 pence, 12-month range 0.090p- 0.23p. The northern Europe-focused mineral explorer wins ecological permits required for its planned dewatering and exploration of the primary target within the Clogau-St David's gold mine in north Wales. Says technical team and contractors are preparing the site to begin dewatering as soon as possible. "Detailed planning has been in train for some time so that we did not lose time once the permits were granted. Accordingly, we are well placed to complete our preparations on site and commence the dewatering exercise within a matter of days," says Executive Chair George Frangeskides.

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Kooth PLC, up 28% at 333.00p, 12-month range 107.00p-358.00p. The digital mental health platform wins a four-year contract worth USD188 million in California. Says it will provide services to the Behavioural Health Virtual Services Platform, a technology-enabled services solution for all children and young people in California. The service is expected to launch in January 2024. The contract will result in a "material" update to previous revenue guidance, now expecting not less than GBP34 million for 2023, up 69% from GBP20.1 million in 2022. Intends to hire over 200 staff in the next twelve months to support its Californian and broader US infrastructure. To fund this, proposes share placing at 300p per share to raise up GBP10 million.

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AIM - LOSERS

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Aptamer Group PLC, down 35% at 4.40p, 12-month range 3.01p-100.0p. The custom affinity binder developer warns it is running low on cash, with cash balance at the end of June standing at just GBP200,000. Consequently, requires short-term funding, and is reviewing "all possible financing options that are in the best interests of the company and its shareholder". Also reports decline in annual revenue, expecting around GBP1.8 million in the financial year ended June 30, which would be down 55% from GBP4.0 million the year before.

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Restore PLC, down 30% at 160.20p, 12-month range 160.0p-466.0p. The provider of digital and information management and lifecycle services says profit is likely to be below expectations, as its chief executive leaves with immediate effect. Says adjusted pretax profit in 2023 will be lower than the GBP31 million that is expected. Adjusted pretax profit in 2022 amounted to GBP41.0 million, so it expects a decline of roughly a quarter or more. Plans to cut permanent staff headcount by 230, in roles across senior managers, sales, support functions and operations. CEO Charles Bligh stands down by "mutual consent", with Senior Independent Director Jamie Hopkins taking the helm on an interim basis. Additionally, Chair Sharon Baylay-Bell becomes executive chair, also with immediate effect.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
6 Dec 2023 14:00

IN BRIEF: Alba Mineral hopes for Lower Llechfraith dewatering permit

Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - Hopes to enter the final leg of the dewatering permit process regarding Lower Llechfraith before the end of the year. Says geophysical survey over key original gold targets is underway, while survey for the Clogau target has been completed.

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22 Nov 2023 13:15

GreenRoc raises GBP460,800 in placing towards feasibility study

(Alliance News) - GreenRoc Mining PLC on Wednesday said it has raised GBP460,786 from a placing of new shares, with proceeds going towards completing the feasibility study of a graphite anode processing plant.

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13 Nov 2023 14:28

TRADING UPDATES: Dar Global sees "opportunity" in Saudi Arabia

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

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31 Oct 2023 16:47

TRADING UPDATES: GreenRoc bullish on asset; Esken eyes Renewables sale

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

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16 Oct 2023 12:43

GreenRoc gets green light for exploration licence in Greenland

(Alliance News) - GreenRoc Mining PLC on Monday said it was given the green light from the Greenland government to expand its Amitsoq graphite project.

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9 Oct 2023 13:30

IN BRIEF: GreenRoc wins grant; Alba Mineral notes announcement

Alba Mineral Resources PLC - UK and Greenland-focused mineral explorer - Says its portfolio company, GreenRoc Mining PLC, has been awarded a grant by the UK's Automotive Transformation Fund to part-finance a feasibility study into the establishment of a graphite spheronisation processing plant to produce active anode material in the UK from graphite concentrate delivered from GreenRoc's Amitsoq graphite project in southern Greenland.

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18 Sep 2023 20:09

IN BRIEF: Alba Mineral says request refused by Welsh regulator

Alba Mineral Resources - Northern Europe-focused mineral explorer - Gives update on the dewatering and associated safety and access works at its primary target within the Clogau-St David's gold mine in north Wales. Notes that its request for temporary extension to higher rate abstraction to take account of exceptionally heavy rains in July and August was refused by Natural Resources Wales, an environmental regulator. Meanwhile, Alba Mineral starts emergency abstraction to protect safety and access works that were completed on levels 2 and 3 prior to workings reflooding. Further, due to delays in approval for its drone from the civil aviation authority, pushes back the proposed airborne geophysical survey over some of its gold deposits to October.

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18 Sep 2023 10:57

AIM WINNERS & LOSERS: Orcadian surges on deal for Pilot field

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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17 Aug 2023 10:39

Alba Mineral turns to statutory profit due to accounting standards

(Alliance News) - Alba Mineral Resources PLC on Thursday reported a statutory half-year profit due to accounting standards relating to the loss of its majority stakeholder status in GreenRoc Mining PLC.

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16 Aug 2023 11:46

Heavy summer rain slows down dewatering at Alba Mineral gold mine

(Alliance News) - Alba Mineral Resources PLC on Wednesday said it needs more time to complete dewatering at one of its mines after this summer's "exceptionally heavy rainfall."

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16 Aug 2023 11:02

AIM WINNERS & LOSERS: Belluscura receives orders for 6,500 Discov-R

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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16 Aug 2023 07:52

LONDON BRIEFING: Admiral's interim revenue climbs 14% year-on-year

(Alliance News) - Stocks in London are expected to fall at Wednesday's open, in line with declines seen across global equities.

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2 Aug 2023 13:32

IN BRIEF: GreenRoc Mining raises GBP470,000 through placing

GreenRoc Mining PLC - mining company with operations in Greenland; portfolio company of Alba Mineral Resources PLC - Raises gross proceeds of GBP470,000 via placing of 12.4 million shares at a price of 3.8 pence per share. Net proceeds will be put towards finalisation of the primary economic assessment of the Amitsoq project, laboratory preparation of different graphite product samples, ongoing field sampling connected to environmental & social impact assessment studies, and test processing of Amitsoq graphite ore.

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27 Jul 2023 21:53

TRADING UPDATES: Ormonde eyes AIM exit; Online Blockchain tests AI app

(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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24 Jul 2023 14:26

IN BRIEF: Alba Mineral provides operations update on Welsh assets

Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - Says the dewatering exercise at its primary gold target, the Lower Llechfraith workings at the Clogau-St David's mine system in Wales, is proceeding pumping of the water from the workings is ongoing. Expects to commence safety works this week. Also notes it now expects geophysical survey flights for the Dolgellau gold field to begin in late August or in September, after further delays in the processing of its application by the unnamed regulatory authority. This is following advice from its contractors undertaking the unmanned aerial vehicles flights.

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