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Pin to quick picksAura Egy Share News (AURA)

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TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

Wed, 29th Nov 2023 18:07

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

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Aura Energy Ltd - minerals company that holds projects in Mauritania and Sweden - Applies for exploration tenements adjacent to and surrounding its existing Tiris uranium project in Mauritania. "Subject to the successful granting of these applications, Aura will work to progressively confirm and test exploration targets within these tenements through 2024 and 2025," Aura adds.

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Kavango Resources PLC - Metals exploration company with assets in Botswana and Zimbabwe - Begins airborne geophysical survey at Kalahari Copper Belt project in Botswana. In addition, Kavango says it made a "strategic investment" in Pambili Natural Resources Corp, listed in Toronto. Kavango has given notice to Pambili to convert USD250,000 convertible loan made to Pambili into shares. Following conversion, it will own 15% of Pambili.

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Artemis Resources Ltd - Western Australia-focused gold, copper and lithium exploration company - Says maiden drill hole completed at Osborne joint-venture, owned alongside Greentech Metals Ltd. Artemis holds 49%. "This first diamond hole is the culmination of extensive ground reconnaissance and analysis by the technical team. It is a confirmation of the rock chip and soil sampling results that have been achieved to date and suggests that we are on the right exploration pathway. We are looking forward to continuing with the drilling program and to further confirm the extent of lithium mineralisation," Executive Director George Ventouras comments.

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Karelian Diamond Resources PLC - Finland-focused exploration company - Swings to pretax loss of EUR291,467 for year ended May 31, from profit of EUR13,593 the year prior. Lift from fair value movement of warrants declines to EUR9,565, from EUR389,904 the year prior. Generates no revenue, unchanged year-on-year.

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Conroy Gold & Natural Resources PLC - Ireland and Finland-focused gold exploration and development company - Pretax loss in year ended May 31 widens to EUR362,829 from EUR256,484. Boost from fair value movement of warrants weakens to EUR257,050 from EUR585,954, hurting bottom-line. Generates no revenue, unchanged year-on-year.

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GENinCode PLC - biotechnology company focused on prevention of cardiovascular disease - Agrees with US Food & Drug Administration to transition regulatory process of CARDIO inCode-Score offering to de novo pathway from 510(k) submission. CARDIO inCode-Score tests someone's risk of suffering a cardiovascular event. GENinCode adds: "Following the CARDIO inCode-Score 510(k) medical device submission in August 2023, the FDA has reviewed the submission and recently noted CARDIO inCode-Score's 'first in class' position and the deep clinical evidence for polygenic risk assessment of CHD. Based on these factors and the novel position of CARDIO inCode-Score, the FDA has requested the company to transition to a de novo pathway for market approval." GENinCode has submitted de novo request and expects clearance timeline "broadly in line with earlier" forecast of late first-quarter to early second-quarter of 2024.

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Helium Ventures PLC - special purpose acquisition vehicle - Will seek shareholder approval for change in investment strategy at December 21 annual general meeting. Will look to now focus on technology sector. "In an era where technology is reshaping industries and redefining the way we live and work, the company is committed to identifying and supporting tech enterprises that are developing the technology landscape. The resulting investment(s) may be in a company, partnership or a special purpose vehicle. The company expects to target such opportunities in the technology sector which require funding to complete development, commercialise its technology or progress its operations," it says. It will also seek shareholder approval for a name change to Eastwood Capital PLC. Helium Ventures floated on the Aquis Stock Exchange Growth Market back in July 2021 targeting helium sector-related investments. It will soon leave AQSE and join London's AIM.

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IamFire PLC - investment issuer focused on opportunities in the social commerce, life sciences and natural resources sectors - Extends discounted capital bond with Hawk Investment Holdings Ltd for further year to November 24, 2024. In addition, it proposes name change to WeCap PLC for shareholders to vote on during December 11 annual general meeting. "The directors believe that the name change will better reflect the essence and strategy of the company which is, in effect, raising capital and providing support for its investee companies. In addition to the name change the company proposes to roll out a new website and social media platforms all with the aim of providing better awareness for our investee companies, in particular the predominant weighting given to WeShop in our portfolio," IamFire adds.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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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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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5 Jan 2024 10:53

Aura Energy begins further exploration of Tiris uranium project

(Alliance News) - Aura Energy PLC on Friday said that extensional drilling has begun at its Tiris uranium project in Mauritania, with further expansion of the project planned throughout the year.

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