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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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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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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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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Oct 2023 14:43

TRADING UPDATES: Bioventix hails "technical progress" as profit rises

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

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17 Oct 2023 18:34

IN BRIEF: Aura Energy looks to significantly expand Tiris Project

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - Reports it has acquired additional radiometric survey data, reviewed historical drilling results, and identified strong indications of mineralisation extensions on Aura's existing tenements that could significantly expand Aura's current Tiris Project resource. Signs contracts for an exploration programme of 15,500 metre air core drilling over 78.1 kilometres squared on existing tenements, aiming to significantly increase the inferred mineral resource at the project by extending the existing resources. The mobilisation of the drilling contractor will commence on October 16, company says. Stresses there has been insufficient exploration of these targets to estimate a mineral resource, and it is uncertain whether this exploration effort will result in an estimation of a mineral resource.

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5 Sep 2023 19:41

TRADING UPDATES: Molecular Energy proposes Argentinian disposal

(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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9 Jun 2023 20:12

TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

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

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3 May 2023 15:49

Aura Energy raises AUD10 million to develop project portfolio

(Alliance News) - Aura Energy Ltd on Wednesday said it has raised AUD10 million, about GBP5.3 million, through a placing of 54.1 million new shares at an offer price of AUD0.185 per share.

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2 May 2023 17:29

TRADING UPDATES: Tlou receives loan to help fund Botswana operations

(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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28 Apr 2023 21:31

IN BRIEF: Aura Energy notes Tiris project production forecast increase

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - In the first quarter of 2023, says its enhanced definitive feasibility study confirms robust financial returns based on a 150% increase in annual production and near-term production potential of the Tiris uranium project in Mauritania. Substantially improved EFS based on a 52% increase in measured and indicated resources at Tiris. Says it continues to progress with the export permit for the uranium, with the final transport and shipping protocols in the final stages of preparation to allow the permit to be submitted during the next quarter. Say it continues to support the Swedish government's strategy to rescind the present ban on uranium mining and continues to progress with the work for the delivery of the exploitation permit for the Haggan project that supports the independence of Sweden's future energy supply. Says it is still adequately funded for key programs aimed at supporting a final investment decision in the fourth quarter of 2023.

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3 Apr 2023 12:00

Aura Energy notes rejection of bid to lift Swedish uranium mining ban

(Alliance News) - Aura Energy Ltd on Monday noted that the Swedish government has rejected a motion to lift its ban on uranium mining in Sweden.

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31 Mar 2023 12:48

IN BRIEF: Aura Energy drops 17% in London as Sydney shares suspended

Aura Energy Ltd - London-based minerals company that holds projects in Mauritania and Sweden - Shares on the Australian Securities Exchange have been suspended from trading immediately, pending a "further" announcement. Aura expects trading in its shares to resume in Sydney when the expected announcement is made, or upon market open on Tuesday next week. Aura shares will continue to trade as normal on AIM in London.

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29 Mar 2023 14:35

TRADING UPDATES: AFC Energy delivers fuel cell; Kistos hails Benriach

(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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29 Mar 2023 14:30

Aura Energy upbeat on enhanced study at Tiris

(Sharecast News) - Aura Energy released an enhanced definitive feasibility study on Wednesday, which confirmed the robust financial returns and near-term production potential of its Tiris Uranium Project.

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