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Pin to quick picksAura Egy Share News (AURA)

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TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

Fri, 03rd Feb 2023 21:15

(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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Aura Energy Ltd - Australia-based minerals company with polymetallic and uranium projects in Europe and Africa - Completes of the infill drilling program at the Tiris project of 11,600 metres. Continues to progress the optimised feasibility study targeting a 3 million pounds of triuranium octoxide, which is expected to be completed in the first quarter of 2023. Starts the front-end engineering design of Tiris.

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Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Reports revenue of GBP945,000 in the half-year to December 31, up 50% from GBP629,000 a year before. Loss before interest, tax, amortization, and depreciation narrows to GBP789,000 from GBP1.3 million a year before. "The interim results show a return to growth compared to the corresponding period last year, as we benefit from long-term contracts secured earlier. We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses. We are managing the business to balance the requirements of growth opportunities while maintaining adequate cash reserves," Chair Ian Buddery says.

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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says the court meeting and the general meeting in relation to its acquisition by Nucleus Clyde Acquisition Ltd will be held on February 27.

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Landore Resources Ltd - Mining exploration and development company in Canada - Receives a further payment of CAD251,824, or GBP156,031, under the option agreement with Lithoquest Resources Inc. Also gets 2.2 million shares in Storm Exploration Inc worth CAD248,176. Agrees to amend the terms of the option agreement so that Storm can acquire a 100% stake in the Miminiska Lake and Keezhik Lake properties in the Thunder Bay Mining district, Northern Ontario by making staged payments to Landore totalling CAD1.6 million in cash and an additional CAD2.4 million either in cash or by issuing new shares.

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Milton Capital PLC - capital market company - Changes the date of the end of its financial year immediately to January 31 from September 30. Explains that the change was necessary as a result of changes to audit regulations by the FRC regarding Public Interest Entities.

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Jade Road Investments Ltd - Hong Kong-based investment vehicle - Intends to raise equity finance of up to USD1.8 million by issuing 191.3 million new shares at a price of GBP0.0075 per share.

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GreenX Metals Ltd - developing Arctic Rift copper project in Greenland - Says that the hearing for international arbitration claims against Poland under both the Energy Charter Treaty and the Australia-Poland Bilateral Investment Treaty concluded. Says that it has funded the claim proceedings under its USD12.3 million litigation funding agreement. As at December 31, cash amounts to AUD2.6 million, or GBP1.5 million, with a further AUD6.1 million available to fund claim related costs under the LFA.

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Sovereign Metals Ltd - Perth, Australia-based, Malawi-focused mining company - Advances with the pre-feasibility study for the Kasiya rutile project. It will build on the expanded scoping study, which confirmed Kasiya "as potentially one of the world's largest and potentially lowest cost producers of natural rutile and natural graphite". Completes a 4,660 metre, 191-hole deeper air-core and 2,206 metres, 247-hole push tube mineral resource infill drilling programme. Says that it confirmed the consistency of high-grade rutile and graphite mineralisation at depth. Plans to demerge its standalone Graphite projects into a 100%-owned subsidiary, NGX Ltd, then do an in-specie distribution.

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Associated British Engineering PLC - Cambridge-headquartered engineering services firm - Swings to a pretax profit of GBP5,440 in the year to September 30, from a loss of GBP86,572 a year prior. Records no revenue, unchanged from a year before. Does not recommend the payment of a dividend. Says that the trading outlook for the group remains "unpredictable", due to the requirement to identify a trading business in the midst of a global pandemic.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Apr 2024 17:14

TRADING UPDATES: RentGuarantor revenue up; Aura progresses Tiris

(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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26 Apr 2024 20:59

EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany

(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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17 Apr 2024 14:15

Aura Energy amends offtake agreement with Curzon for Tiris project

(Alliance News) - Aura Energy Ltd on Tuesday said it has amdended its offtake agreement with Curzon Uranium Ltd regarding the development of the Tiris uranium project in Mauritania.

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10 Apr 2024 13:36

TRADING UPDATES: Fulcrum acquires Ontario gold tailings 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 Mar 2024 12:43

Aura Energy appoints Mark Somlyay as new chief financial officer

(Alliance News) - Aura Energy Ltd on Tuesday named Mark Somlyay as its new chief financial officer, starting April 22.

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25 Mar 2024 16:54

IN BRIEF: Aura Energy issues tranche of USD16.2 million placement

Aura Energy Ltd - Minerals exploration company with projects in Mauritania, Sweden and Western Australia - Completes issue of first tranche of ordinary shares from the USD16.2 million placement previously announced on March 18. The first tranche consisted of raising USD16.1 million before costs, via the placement of 89.7 million shares at USD0.30 each to new and existing institutional and sophisticated investors.

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18 Mar 2024 12:52

Aura Energy down on discounted fundraise for Tiris and Haggan projects

(Alliance News) - Shares in Aura Energy Ltd dipped on Monday, as the company revealed plans for a discounted placing and buyback program, despite reporting narrowing losses and operational progress across its mining portfolio.

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15 Mar 2024 11:46

IN BRIEF: Aura Energy falls amid share suspension in Sydney

Aura Energy Ltd - mineral explorer with projects in Sweden and Mauritania - Says it has requested the Australian Securities Exchange to immediately halt trading in its shares quoted on the ASX in Sydney. Explains that request has been made pending a further announcement from the company regarding a private equity placement. The company expects trading in its shares to resume on the ASX either when the expected announcement is made, or upon market open on Tuesday next week. Trade continues as normal on AIM.

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15 Mar 2024 10:07

AIM WINNERS & LOSERS: Wishbone Gold jumps on "positive drilling"

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

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12 Mar 2024 11:19

IN BRIEF: Aura Energy drilling at Tiris finds new mineralisation

Aura Energy Ltd - mineral explorer with projects in Sweden and Mauritania - Says new high-grade mineralisation defined at its Tiris uranium project in Mauritania, with 1,170 parts per million of triuranium octoxide discovered. Says phase two drilling is underway. Says resource growth and potential high-grades have the potential to "further enhance the excellent economics" of the Tiris project.

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28 Feb 2024 11:24

Aura Energy FEED study confirms "excellent economic returns" at Tiris

(Alliance News) - Aura Energy Ltd on Wednesday said the recently completed FEED study for its Tiris uranium project in Mauritania has confirmed "excellent economic returns".

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26 Feb 2024 11:32

Aura Energy celebrates Swedish reconsideration of Uranium mining ban

(Alliance News) - Aura Energy on Monday noted an inquiry by the Swedish government into the country's uranium extraction ban, which the company believes could greatly increase the value and utility of its Haggan deposit.

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30 Jan 2024 12:19

IN BRIEF: Aura Energy hires CEO as prepares for strong uranium demand

Aura Energy Ltd - developing 85%-owned Tiris uranium project in Mauritania - David Woodall resigns as managing director and chief executive officer. Appoints in his place to both roles Andrew Grove, a mining and finance executive with 30 years experience who has been serving as a strategic consultant to the board. Both are with immediate effect. Among other roles, Grove worked in mining finance and risk management at Macquarie Bank.

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26 Jan 2024 14:30

TRADING UPDATES: Puma and Puma Alpha invest in Not Another Beer

(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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5 Jan 2024 13:55

Aura Energy launches exploration drilling at Tiris Uranium Project

(Sharecast News) - Aura Energy announced the launch of a substantial exploration drilling initiative at its Tiris Uranium Project in Mauritania on Friday.

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