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Pin to quick picksAlkemy Capital. Share News (ALK)

Share Price Information for Alkemy Capital. (ALK)

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Share Price: 87.50
Bid: 85.00
Ask: 90.00
Change: 0.00 (0.00%)
Spread: 5.00 (5.882%)
Open: 90.00
High: 88.00
Low: 87.50
Prev. Close: 87.50
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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.

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30 Jan 2024 14:20

TRADING UPDATES: Lexington completes Bothaville drilling phase

(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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18 Jan 2024 14:28

IN BRIEF: Alkemy Capital optimistic on lithium process outlook

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Believes macroeconomic outlook for lithium processing "remains extremely robust" despite recent price drop with demand rising in Europe. Tees Valley Lithium's refinery in Teeside has secured environmental and planning permission with production set for 2026, as well as feedstock. Alkemy is focused on securing mezzanine finance in the short term, and discussions are advancing with potential lenders. Meanwhile company is "actively exploring opportunities" to expand its downstream processing capabilities in conjunction with industry and strategic partners.

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18 Dec 2023 15:59

IN BRIEF: Alkemy Capital raises GBP650,000 in oversubscribed placing

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Raises GBP650,000 via an oversubscribed placing of 650,000 new shares at a placing price of GBP1 per share. This includes a subscription of GBP50,000 from director Sam Quinn.

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4 Dec 2023 12:03

Alkemy Capital subsidiary secures partnerships for lithium refinery

(Alliance News) - Alkemy Capital Investments PLC on Monday said its subsidiary Tees Valley Lithium has secured technology and vendor partnerships to help advance its lithium refinery project.

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27 Oct 2023 21:39

IN BRIEF: Alkemy narrows loss, supplier and customer talks continue

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Reports GBP1.2 million pretax loss for the half year ended July 31, narrowed from GBP1.4 million the year before. Company generates no revenue. Administrative expenses increased 34% to GBP947,423 while project development costs decreased 67% to GBP215,461. Cash and equivalents at July 31 totalled GBP40,307, up from GBP13,242 at the same time one year prior. Alkemy says it continues in advanced discussions with multiple potential key feedstock suppliers, and with several other potential customers for its lithium hydroxide. It "expects significant offtake and/or partnership deals to be entered into in due course." Company says it has "continued to make significant progress in a challenging macro environment", and is well-placed to benefit from the growing need for lithium hydroxide and OEM's "growing preference" to source it using "more local supply chains".

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3 Oct 2023 17:14

TRADING UPDATES: Aston Martin CEO ups stake; Alkemy's lithium deal

(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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3 Oct 2023 14:32

EARNINGS AND TRADING: Indus Gas full-year profit jumps 19%

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

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23 Aug 2023 11:02

IN BRIEF: Alkemy Capital completes study for Australia facility

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Announces the completion of a feasibility study for Australia's first lithium sulphate processing facility. Says the facility is located at the Boodarie strategic industrial area outside of Port Hedland. Says the study was carried out by Wave International.

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11 Jul 2023 15:45

UK shareholder meetings calendar - next 7 days

Wednesday 12 July 
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LondonMetric Property PLCAGM
Safestore Holdings PLCAGM
Steppe Cement LtdAGM
ProVen Growth & Income VCTAGM
Wincanton PLCAGM
Thursday 13 July 
Aminex PLCAGM
BATM Advanced Communications LtdAGM
BT Group PLCAGM
C&C Group PLCAGM
CT Automotive Group PLCAGM
Clontarf Energy PLCAGM
DCC PLCAGM
Donegal Investment Group PLCAGM
Dr Martens PLCAGM
Helical PLCAGM
Personal Assets Trust PLCAGM
Renewi PLCAGM
RS Group PLCAGM
Friday 14 July 
Templeton Emerging Markets Investment Trust PLCAGM
Monday 17 July 
All ThingsConsidered Group PLCAGM
Tower Resources PLCAGM
Tuesday 18 July 
Alkemy Capital Investments PLCAGM
Bloomsbury Publishing PLCAGM
CT Property Trust LtdGM re takeover by LondonMetric Property
e-Therapeutics PLCAGM
MobilityOne LtdEGM re Tete planned JV deadline extension
SmartSpace Software PLCAGM
Strategic Minerals PLCAGM
Wynnstay Properties PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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31 May 2023 17:07

Alkemy Capital shares leap after completing GBP1.4 million fundraise

(Alliance News) - Alkemy Capital Investments PLC shares jumped on Wednesday after completing a GBP1.4 million fundraise.

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12 May 2023 12:55

Alkemy Capital Investments subsidiary to build lithium refinery

(Alliance News) - Alkemy Capital Investments PLC said on Friday that its subsidiary Port Hedland Lithium Pty Ltd has formed a contract with Lithium Services Pty Ltd to develop a merchant refinery at Port Hedland, Australia, focussed on processing a new source of lithium feedstock.

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26 Apr 2023 19:27

TRADING UPDATES: Mosman output up; Uru notes drilling at Zeb project

(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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26 Apr 2023 10:48

SMALL-CAP WINNERS & LOSERS: Trifast jumps as eyes adjusted profit rise

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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20 Apr 2023 13:51

Alkemy progresses two refineries, lithium outlook "extremely robust"

(Alliance News) - Alkemy Capital Investments PLC on Thursday noted progress at its Port Hedland lithium sulphate refinery in Western Australia and Wilton lithium hydroxide refinery in Teesside, England, while commenting that the wider industrial outlook for lithium processing is "extremely robust".

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