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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.

More News
16 Mar 2023 11:48

Aura Energy interim loss widens, Sweden & Mauritania projects ongoing

(Alliance News) - Aura Energy Ltd said on Thursday its interim pretax loss for 2022 had widened whilst it pursued the exploration and evaluation of uranium and vanadium.

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14 Feb 2023 11:34

Aura Energy says Tiris measured and indicated resource up by half

(Alliance News) - Aura Energy Ltd on Tuesday said measured and indicated resources at its Tiris project in Mauritania have increased by 52%.

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3 Feb 2023 21:15

TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

(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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1 Feb 2023 21:04

TRADING UPDATES: Alternative Income assets fall; Aura wins conventions

(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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6 Dec 2022 16:36

Aura Energy produces yellowcake from Tiris samples

(Sharecast News) - Aura Energy announced the successful production of yellowcake product on Tuesday, from beneficiation pilot plant concentrate samples from the Tiris uranium project in Mauritania.

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6 Dec 2022 16:12

Aura Energy eyes commercial discussions on production of yellowcake

(Alliance News) - Aura Energy Ltd on Tuesday celebrated a key milestone in progressing its uranium project in Mauritania, after successfully producing yellowcake product from samples at the site.

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22 Nov 2022 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 23 November 
Crystal Amber Fund LtdAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Genus PLCAGM
JPMorgan Russian Securities PLCGM re name change
Synergia Energy LtdAGM
Wilmington PLCAGM
Woolworths Holdings LtdAGM
Thursday 24 November 
Brikor LtdAGM
Cloudbreak Discovery PLCAGM
EnSilica PLCAGM
Fiske PLCAGM
MGC Pharmaceuticals LimitedAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Zanaga Iron Ore Co LtdAGM
Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
Monday 28 November 
Crown Place VCT PLCAGM
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
PRS REIT PLCAGM
Psych Capital PLCAGM
Seeing Machines LtdAGM
Tuesday 29 November 
Aura Energy LtdAGM
Bluefield Solar Income Fund LtdAGM
Castillo Copper LtdAGM
Challenger Energy Group PLCAGM
CT Property Trust LtdAGM
Duke Royalty LtdAGM
Esken LtdEGM re borrowings approval
Mosman Oil & Gas LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 Oct 2022 22:01

TRADING UPDATES: Afentra extends deadline; Gama Aviation wins contract

(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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4 Oct 2022 19:58

EARNINGS SUMMARY: Aura Energy, nanosynth loss widens; MiLOC revenue up

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

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19 Sep 2022 13:53

IN BRIEF: Aura Energy hires former Rio Tinto exec as CEO

Aura Energy Ltd - uranium projects in Mauritania and Sweden - Hires David Woodall to be chief executive officer and managing director, starting October 17. Woodall has 30-year mining experience, Aura says, including at Rio Tinto PLC, Fortescue Metals Group Ltd and Newcrest Mining Ltd. He replaces Will Goodall, who has been acting CEO for the past nine months.

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6 Sep 2022 19:31

TRADING UPDATES: Highcroft NAV grows; SulNOx signs deal with Rominserv

(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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1 Jul 2022 21:53

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

(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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23 Jun 2022 10:39

Aura Energy shares rise as pilot results show increased uranium grade

(Alliance News) - Aura Energy Ltd's shares were lifted on Thursday as the Australia-based minerals company shared positive test results from its Mauritania uranium project.

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27 May 2022 11:45

Aura Energy to start infill drilling at Tiris uranium project

(Alliance News) - Aura Energy Ltd on Friday said it will start a 10,000 metre infill drilling programme at its Tiris uranium project in Mauritania on May 30.

Read more
27 May 2022 11:26

Aura Energy mobilises diamond drill rig to Tiris Project

(Sharecast News) - Aura Energy, which is developing the 85%-owned Tiris Uranium Project in Mauritania, announced on Friday that a diamond drill rig has been mobilised to Tiris from Nouakchott.

Read more

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