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Share Price: 0.0575

Bid: 0.055

Ask: 0.06

Change: 0.0025 (4.35%)

Spread: 0.005 (9.091%)

Open: 0.0575

High: 0.0612

Low: 0.06

Prev. Close: 0.0575

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IN BRIEF: Alba Mineral loss widens, plans Greenland assets spin-out

Thu, 20th May 2021 20:34

Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Generates no revenue in year ended November 30, unchanged annually. Pretax loss narrows to GBP2.1 million from GBP1.3 million. Posts GBP1.4 million hit from revaluation of investment, against none in financial 2019. Plans spin-out of Greenland projects. Says new firm would float on AIM. "After assessing all the alternatives, the Alba board has determined that the best way to unlock real value in our Greenland assets is to divest the Greenland projects into a separate vehicle," Alba says.

Current stock price: 0.26 pence, down 11%

Year-to-date change: down 54%

By Eric Cunha; ericcunha@alliancenews.com

More News

18 Nov 2022 13:07

Alba engages 'mine-to-market' supply chain consultant

(Sharecast News) - Alba Mineral Resources has engaged Vivien Johnston Glass as its specialist 'mine-to-market' supply chain consultant for refined gold products, it announced on Friday.

14 Nov 2022 21:35

TRADING UPDATES: Rogue Baron names chair; Mobile Streams wins contract

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

11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

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

31 Oct 2022 19:58

TRADING UPDATES: 4Global wins deal; James Cropper profit warning

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

11 Oct 2022 11:16

GreenRoc Mining touts graphite deposit of "global significance"

(Alliance News) - GreenRoc Mining PLC on Tuesday said it had discovered a graphite deposit in its Greenland licenses that could be of "global significance".

26 Sep 2022 22:10

TRADING UPDATES: GreenRo completes drilling; Mediclinic gets approval

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

31 Aug 2022 16:07

TRADING UPDATES: Strong trading from Shoe Zone, Fulham Shore

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

23 Aug 2022 11:31

Alba takes full ownership of Clogau Gold Project

(Sharecast News) - Alba Mineral Resources has agreed to acquire the remaining 10% interest in Gold Mines of Wales (GMOW), it announced on Tuesday, to take full ownership of the Clogau Gold Project.

23 Aug 2022 10:59

AIM WINNERS & LOSERS: Alba Mineral rises on Clogau ownership deal

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

23 Aug 2022 10:08

Alba Mineral snaps up remaining 10% stake of Clogau gold project

(Alliance News) - Shares in Alba Mineral Resources PLC rose on Tuesday after revealing it has agreed to take full ownership of the Clogau gold project in Wales.

23 Aug 2022 08:48

LONDON MARKET OPEN: Recession fears weigh on stocks ahead of UK PMI

(Alliance News) - European markets fell at the start of trade on Tuesday, with investors bracing for some downbeat PMI readings amid worries over inflation, rising interest rates and energy supply woes.

22 Aug 2022 11:47

GreenRoc shares rise on 'good' phase 2 drilling results in Greenland

(Alliance News) - GreenRoc Mining PLC on Monday said returns from phase 2 drilling at the Amitsoq graphite project in southern Greenland were as good as those from phase 1.

15 Aug 2022 14:34

IN BRIEF: UKOG, Alba Mineral note potential for Horse Hill appeal

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Updates on legal proceedings regarding Horse Hill oil field. Following the UK Court of Appeal's dismissal of the challenge from Sarah Finch on behalf of Weald Action Group to the Surrey County Council's grant of production consent at Horse Hill, Finch is given a final legal avenue to appeal the decision to the Supreme Court. Should the case go ahead, it is expected to be heard at some point from the second quarter of 2023 onwards. This would be the final legal recourse for Finch.

8 Jul 2022 10:02

IN BRIEF: GreenRoc shares rise on Greenland exploration license win

GreenRoc Mining PLC - London-based miner focused mineral projects in Greenland - Receives additional exploration license from government of Greenland for its Amitsoq graphite project. Says license includes potential southerly extension to the Kalaaq deposit.

6 Jun 2022 19:13

IN BRIEF: GreenRoc to begin phase two drilling in Greenland soon

GreenRoc Mining PLC - miner focused mineral projects in Greenland - Will commence phase two drilling operation at the Amitsoq Island Graphite Project in southern Greenland later this month. The operation is expected to last for 12 weeks. GreenRoc plans to drill up to 27 holes with the aim of increasing and upgrading the current maiden resource of 8.28 tonnes at 19.75% graphitic carbon.

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IN BRIEF: Alba Mineral loss widens, plans Greenland assets spin-out

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