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Pin to quick picksAtlantic Lithium Share News (ALL)

Share Price Information for Atlantic Lithium (ALL)

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Share Price: 21.20
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Change: -0.05 (-0.24%)
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TRADING UPDATES: Somero ups guidance; Dev Clever wins China contract

Tue, 07th Dec 2021 20:59

(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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Argo Blockchain PLC - London-based cryptocurrency miner - During November, mines 185 Bitcoin or Bitcoin Equivalent compared to 167 BTC in October. Brings the total amount of BTC mined year-to-date to 1,831 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in November was GBP8.3 million, up from GBP7.2 million in October.

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Life Science REIT PLC - life science property investor - Completes acquisition of three buildings at the Cambourne Business Park near Cambridge, UK through the purchase of Scholar Property Investments Ltd, the sole assets of which are the freehold interests in the three buildings. The purchase price of GBP38.7 million, excluding acquisition costs, was satisfied entirely in cash and reflects a net initial yield of 5.6%.

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Anexo Group PLC - Liverpool-based credit hire and legal services provider - Creates new team within its legal services unit, Bond Turner, to deal with claims arising from housing disrepair. Says new team currently engaged in almost 1,600 cases and this figure is expected to rise substantially during 2022. Executive Chair Alan Sellers says: "It has been apparent for some time that large numbers of tenants, including many of our customers, are suffering from poor quality housing. The new HDR team will be able to help claimants by ensuring that their landlords, whether they be local authorities, housing associations or private landlords, are obliged to maintain their homes to a decent standard. This includes a reasonable state of repair, the provision of reasonably modern facilities, and reasonable thermal comfort, including the absence of damp and mould."

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Dev Clever Holdings PLC - software developer for immersive learning and career guidance - Wins contract with the Chinese Academy of Sciences for the deployment of virtual reality devices with its software for learning purposes. Dev Clever will initially deploy 20,000 devices for USD150 each on an annual recurring subscription basis, with initial devices to be distributed shortly after the Chinese New Year in February 2022.

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1Spatial PLC - Cambridge, England-based IT service management company - Wins GBP600,000 multi-year contract with the Rural Payments Agency, an executive agency of the Department for Environment, Food & Rural Affairs. The contract, includes GBP400,000 in software licenses over two years, adding to company's growing levels of recurring, high margin software revenue, with the balance consisting of services revenue.

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Journeo PLC - Ashby-de-la-Zouch, England-based information systems and transport technical services firm - Signs 1-year extension to a framework agreement with Arriva UK Bus which is expected to generate GBP1.6 million in revenue. "The extension, which will continue to April 2023, includes the provision of high-definition CCTV systems and nationwide engineering support, along with technical design, new technology evaluation and project management services," company says.

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Dillistone Group PLC - Basingstoke, England-based software and services for recruiters under Ikiru People brand - Signs new client contract award. "The award represents the group's largest new contract win since the restructuring of the business in January 2020 and supports management's belief that the business will continue to see improved performance in 2022," company says.

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Clipper Logistics PLC - e-fulfilment and returns management services provider - Completes acquisition of Dutch specialist consumer electronics repair services, CE Repair Services Group BV.

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Kanabo Group PLC - medical cannabis research and development - Applies to bioavailability and efficacy trial of its proprietary cannabis inhalation formulas used in conjunction with its VapePod delivery device. "Once successfully completed, the trial will help Kanabo target the rapidly growing segments of the medicinal cannabis market for patients who wish to manage their pain using a clean and measurable method of treatment," company says.

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Somero Enterprises Inc - Fort Myers, Florida-based concrete levelling equipment company - Sees strong trading momentum continue through second half of 2021. As a result, expects to outperform previous annual guidance. Now expects 2021 revenue about USD130.0 million, with adjusted Ebitda about USD45.0 million, which is ahead of previous forecasts of USD120.0 million and USD42.0 million. "This strong trading momentum in H2 2021 has been led by strong trading in North America, healthy contributions to growth from Europe and Australia, with the remaining international markets performing as expected. In North America, market conditions remain healthy and positive, driven in part by demand for new warehousing, with customer workloads at high levels and reported project backlogs extending well into 2022," company says.

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Cornish Metals Inc - United Downs copper-and-tin mine and South Crofty tin mine in Cornwall - Believes latest intersections from drill programme "clearly demonstrates" potential for United Downs to host a copper/tin/silver mineral resource to complement the identified tin mineral resource at South Crofty. Notes drill hole UD21-011A intersected five parallel zones of high-grade copper/tin/silver mineralisation beneath the historic United Mines, which includes 6.91 metres grading 0.80% copper, and 4.04 metres grading 4.44% copper and 2.06% tin.

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Tertiary Minerals PLC - mining projects in Zambia, Europe and the US state of Nevada - Says recently completed surface sampling and mapping programme from Pyramid silver-gold project in Nevada, US continue to return high-grade silver and gold grades. Notes four high-grade samples reporting silver grades of 1,286 grammes per tonne and 889 grammes per tonne, 522 grammes per tonne and 513 grammes per tonne. Managing Director Patrick Cullen says: "These are very encouraging results and include the highest silver grades we have sampled at North Ruth to date. While silver is the primary target, it is also excellent to see the presence of reportable gold grades."

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Atlantic Lithium Ltd - lithium-focused exploration company - Scoping study at Ewoyaa lithium project in Ghana, West Africa retains business case for 2 million tonnes per annum production operation with life of mine revenues exceeding USD3.43 billion. Notes study increases project's LOM operations to over 11 years, producing an average 300,000 tonnes per annum of 6% lithium oxide spodumene concentrate. Chief Executive Vincent Mascolo says: "Today's landmark update regarding the company's exceptional scoping study confirms that the Ewoyaa is an industry-leading asset and transformational for Atlantic Lithium."

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Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Completes processing bulk sample from Dundas ilmenite project. "The material will undergo further separation facilitated by our distribution partner to be sampled by key-end customers identified by them, with the aim of consolidating and potentially extending the existing distribution agreement to cover the entire expected annual output of Dundas ilmenite concentrate," company says. The pilot plant, which is in the process of being decommissioned, produced material that exceeded expected specifications for commercial production at Dundas.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
23 Jun 2023 15:20

Atlantic Lithium makes two board appointments

(Sharecast News) - Africa-focussed explorer and developer Atlantic Lithium announced the appointment of chief executive officer Keith Muller and Patrick Brindle to its board.

Read more
20 Jun 2023 14:48

Atlantic Lithium reports latest assay results from Ewoyaa

(Sharecast News) - Africa-focussed explorer and developer Atlantic Lithium released initial assay results for its ongoing resource and exploration drilling program at the Ewoyaa Lithium Project in Ghana on Tuesday.

Read more
20 Jun 2023 14:22

IN BRIEF: Atlantic Lithium confirms mineralisation continuity at Ewoyaa

Atlantic Lithium Ltd - Africa-focused lithium exploration and development company - Says assay results for 2,208 metres of infill reverse circulation have been completed at the Ewoyaa project in Ghana. Notes results confirm mineralisation continuity. Adds drilling and regional exploration programmes are ongoing and its definitive feasibility study is on track for release in the second quarter of 2023.

Read more
13 Jun 2023 11:45

Atlantic Lithium senior director leaves to focus on other interests

(Alliance News) - Atlantic Lithium Ltd on Tuesday said Senior Non-Executive Director Stuart Crow stepped down from the board with immediate effect to focus on his other business interests.

Read more
13 Jun 2023 09:23

Atlantic Lithium senior director steps down after a decade

(Sharecast News) - Africa-focussed explorer and developer Atlantic Lithium announced the immediate resignation of Stuart Crow from the board on Tuesday.

Read more
1 Jun 2023 10:28

Atlantic Lithium appoints chief executive officer to board

(Alliance News) - Atlantic Lithium Ltd on Thursday said it formally appointed Chief Executive Officer Keith Muller to the board, following his promotion to the role earlier this month.

Read more
16 May 2023 17:33

IN BRIEF: Atlantic Lithium promotes Keith Muller to CEO

Atlantic Lithium Ltd - African-focussed lithium exploration and development company - Names Keith Muller as chief executive succeeding Len Kolff who has held the position on an interim basis since March 2022. Muller, who joined the company in November 2022 as chief operating officer, has over 20 years of operational and leadership experience and a background in hard rock lithium mining and processing, specifically in dense medium separation spodumene processing. Board believes the time is now right for him to lead the company through the construction phase and on to first production.

Read more
16 May 2023 12:03

Atlantic Lithium appoints new permanent chief executive

(Sharecast News) - Atlantic Lithium announced the appointment of Keith Muller as its chief executive officer on Tuesday, with Len Kolff moving to the position of head of business development and chief geologist.

Read more
28 Apr 2023 20:26

TRADING UPDATES: Nostrum Oil & Gas predicts drop in revenue

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

Read more
19 Apr 2023 17:37

TRADING UPDATES: Angle partners with BioView; First Class hails nickel

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

Read more
19 Apr 2023 13:28

Atlantic Lithium upbeat on latest Ghana progress

(Sharecast News) - Atlantic Lithium updated the market on ongoing exploration and resource drilling at the Ewoyaa Lithium Project and broader 560-square kilometre Cape Coast Lithium portfolio in Ghana on Wednesday, as it aimed to deliver Ghana's first lithium mine.

Read more
24 Mar 2023 12:12

DIRECTOR DEALINGS: Vehicle of CLS deputy chair buys 1.4 million shares

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

Read more
22 Mar 2023 11:09

Atlantic Lithium announces staged development for Ewoyaa

(Sharecast News) - Africa-focussed explorer and developer Atlantic Lithium announced plans for staged project developments to optimise the process flowsheet and mine throughput scenarios for the Ewoyaa Lithium Project in Ghana on Wednesday.

Read more
20 Mar 2023 08:29

IN BRIEF: Atlantic Lithium chiefs invest GBP670,000; starts drilling

Atlantic Lithium Ltd - developing lithium mine in Ghana - Executive Chair Neil Herbert buys 1.9 million shares at average GBP0.2748, worth GBP519,380, on Thursday last week. Finance Director Amanda Harsas buys 571,500 shares at average GBP0.2690, worth GBP153,734, on Thursday and Friday. Herbert now has 7.3 million shares, a 1.2% stake. Harsas has 733,371 shares.

Read more
15 Mar 2023 17:49

IN BRIEF: Atlantic Lithium progresses at Ewoyaa Lithium Project

Atlantic Lithium Ltd - Africa-focused lithium exploration and development company - Completes pre-feasibility study on the Ewoyaa Lithium Project in Ghana, adding that the study demonstrates "significant profitability potential" for the project. The project has a maiden ore reserve of 18.9 million tonnes at 1.24% lithium oxide and a mine life of 12.5 years. Life of mine revenue is expected to exceed USD4.8 billion. Company also completes a 47,000 metre resource infill and extensional reverse circulation and diamond core drilling programme. Highest grade assay result from the drilling is 6.78% lithium oxide over a 1 metre interval in drilling at the Ewoyaa main starter pit. Mineral resource estimate upgrades to 35.3 million tonnes at 1.25% lithium oxide.

Read more

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