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Pin to quick picksAlba Mineral Resources Share News (ALBA)

Share Price Information for Alba Mineral Resources (ALBA)

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Share Price: 0.0575
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Change: 0.0025 (4.35%)
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Open: 0.0575
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TRADING UPDATES: Taylor Maritime in placing; Blackbird eyes US backing

Mon, 19th Jul 2021 18:03

(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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Taylor Maritime Investments Ltd - London based investor in dry bulk shipping - Plans to raise USD75 million through placing to fund acquisition of up to six Handysize vessels. Shares will fetch USD1.15 each in fundraise, 1.7% discount to USD1.17 closing price on Monday. Chief Executive Edward Buttery adds: "The Handysize segment is currently attractive with a strong charter market and demand. Drawing on our in-depth knowledge of the sector, we have an excellent pipeline of vessel acquisition targets priced below depreciated replacement cost and are well positioned to take advantage of these market conditions to deliver additional value to our shareholders."

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Blackbird PLC - London-based cloud video editing platform - Says application to begin trading on OTCQX Best Market cleared by watchdog Finra. Will begin trading on market on July 28, making shares more widely available to North American investors.

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Eagle Eye Solutions Group PLC - London-based marketing solutions provider - Says revenue rises 12% to GBP22.8 million from GBP20.4 million in year ended June 30. Adjusted earnings before interest, tax, depreciation and amortisation up 28% to GBP4.2 million from GBP3.3 million. "Eagle Eye has enjoyed a strong close to the year, delivering 27% growth in Q4 revenues as a result of the winning of enterprise customers," company says. "Eagle Eye enters FY 2022 with a considerably expanded underlying business and positive trajectory."

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Supreme PLC - maker of fast-moving consumer goods - Launches Sealions vitamin and wellness supplements brand. Supreme adds: "Sealions will be focused on providing a high-quality range of affordable wellness products, offering customers a year's supply of vitamins (365 tablets) for GBP5 across a selected range, nearly 70% cheaper than some of the leading wellness brands."

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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says performed in line with internal expectations in first half of 2021. Seeing "strong levels" of organic growth. "Curtis Banks has made a positive start to 2021, building upon the success of 2020 and the number of strategic initiatives we undertook. I am particularly pleased with how Dunstan Thomas has already shown that it can enhance our overall proposition and we look forward to additional material developments over the course of the year," Chief Executive Officer Will Self says.

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Cornerstone FS PLC - London-based payments provider - Notes trading volumes up in first six months of 2021, tips revenue to rise 6% sequentially in period to GBP837,000, from GBP792,000 in second half of 2020, but down 4.0% from pre-virus levels. "Looking ahead, with the increased momentum in trading volumes, the board is confident of delivering revenue growth for full year 2021 compared with 2020," Cornerstone says.

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Eqtec PLC - Cork, Ireland-based gasification solutions company - Says GBP15 million revenue target on track. "Those forecasts anticipated a heavily back-loaded year for financial close of key opportunities and deal closure remains the primary focus of the company," Eqtec says. Notes Agrigas 1 agricultural waste project in Greece progressing. Construction of North Fork Community Power forestry waste project in California progresses as gasification reactor and associated equipment installed.

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Arc Minerals Ltd - company focused on exploring for copper and cobalt in Africa - Kicks off drilling at majority-controlled licenses in north-western Zambia. Diamond drilling begins at Fwiji target. "This year's programme will also focus on the Cheyeza and Muswema target areas where the drill target locations are to be finessed upon the completions of a high resolution airborne geophysical survey over these target areas," Arc adds. Also, Executive Chair Nick von Schirnding notes "number of discussions" underway with potential third parties over commercial transaction at Arc's Zambia copper licences.

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Alba Mineral Resources PLC - London-based mineral exploration and development company - Completes phase to surface drilling at Clogau-St David's gold mine. Says 10 holes drilled. "The key objective of this second phase of surface drilling at Clogau-St David's was to prove up the continuity of the Main Lode extension we had identified during the drilling at the end of last year. We have now delivered emphatically on that aim, by intersecting the Main Lode extension on every one of the 10 holes we have drilled in this phase," Executive Chair George Frangeskides says.

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Petro Matad Ltd - Mongolia-based oil exploration company - Launches open offer to raise USD2 million to provide shareholders who did not participate in USD10.4 million placing to invest in company. Says 42.6 million shares to be offered.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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.

Read more
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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5 Jul 2023 11:23

IN BRIEF: Alba Mineral raises GBP750,000 through placing

Alba Minerals PLC - Northern Europe-focused mineral explorer - Raises GBP750,000 through the issue of 600 million shares at a price of 0.125 pence per share. The company is putting in place a broker option allowing subscriptions of up to GBP100,000 in total on the same terms and conditions of the placing with priority to existing shareholders. Alba Mineral says this following its announcement on Tuesday that it had0 received an ecological grant allowing it to dewater and explore its primary gold target at Clogau St David's gold mine in Wales.

Read more

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