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Alexander Mining announces changes to agreement with Ebullio

Tue, 15th Apr 2014 15:08

Alexander Mining was on Tuesday informed by the Ebullio Group that it has cancelled its agreement to acquire all of the assets in Turkey of Red Crescent Resources. The cancellation means that Alexander's commercial licence, financing and consultancy agreement with Ebullio will not be carried out in its current form. However, the group explained that it has been told that the termination of the Red Crescent acquisition does not alter Ebullio's commitment to the mining investment in Turkey. It plans to acquire other suitable, unencumbered assets to complement its existing base and precious metals assets in the country as part of a balanced business and product portfolio capable of delivering sustainable production and profit growth.As such, Alexander and Ebullio have confirmed their mutual intention to maintain the commercial, technical and financial principles of the agreement and plan to meet shortly to discuss the revision of the agreement to reflect these intentions, but in the light of Ebullio's termination of the Red Crescent transaction. Importantly, Lars Steffensen, Ebullio's Executive Managing Partner, said that: "Ebullio remains Alexander's largest shareholder and our commitment to them and their technology is unwavering. We have not changed our dedication to developing the close working relationship with Alexander. "In particular, we remain highly focused on establishing a profitable commercial scale zinc cathode production plant in Turkey using Alexander's AmmLeach technology. The intention would be for a plant taking feed from a combination of the future acquisition of suitably attractive zinc oxide properties and third party sources."The news prompted a 17.95% slump in the share price to 4.00p by 2:08 on Tuesday. NR
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8 May 2019 08:07

Alexander Mining set to benefit from Deep-South purchase of Turkey project

(Sharecast News) - Alexander Mining was upbeat on Wednesday, following an announcement from Toronto-traded Deep-South Resources has closed the acquisition of 75% of the Kapili Tepe copper, nickel, cobalt and gold project in Turkey.

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7 May 2019 13:58

Alexander Mining Shares Soar On Turkish Zinc Leaching Patent

LONDON (Alliance News) - Alexander Mining PLC shares spiked Tuesday after the company's subsidiary, MetaLeach Ltd, was granted a patent for a method of leaching zinc silicate ores in in Mining

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18 Apr 2019 13:59

Alexander Mining Halts Leaching Tests After Disappointing Results

LONDON (Alliance News) - Alexander Mining PLC on Thursday reported disappointing results from a recent joint venture testing heap leaching.Alexander had been working with lead technology on

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2 Oct 2018 12:09

Alexander Mining Partner Progresses On Establishing Turkey Zinc Plant

LONDON (Alliance News) - Alexander Mining PLC said Tuesday that its partner Proses Muhendislik Danismanlik Insaat ve Tasarim AS made "major progress" to establish a zinc plat in Mining a

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1 Oct 2018 18:31

Alexander Mining Loss Broadly Unchanged As Projects Develop

LONDON (Alliance News) - Alexander Mining PLC on Friday said its loss widened only slightly during the first half of the year due to higher research & development costs.Shares in Mining

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1 Oct 2018 13:30

Monday broker round-up

(Sharecast News) - Barclays: Berenberg upgrades to buy with a target price of 220p.

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29 Aug 2018 14:21

Alexander Mining Falls As Partner Fails To Nail Down Project Financing

LONDON (Alliance News) - Shares in Alexander Mining PLC slipped on Wednesday as the company said its partner has been unable to secure financing for a project in which Alexander's technology

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3 Jul 2018 11:00

Alexander Mining Gets Patent For Leaching Technology In Chile

LONDON (Alliance News) - Alexander Mining PLC on Tuesday said subsidiary MetaLeach Ltd has been granted a patent for a type of leaching in Chile.The patent covers a method of ammoniacal and

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21 Jun 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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14 May 2018 16:48

Alexander Mining Full-Year Loss Narrows As Expenses Drop

LONDON (Alliance News) - Alexander Mining PLC said Monday its loss for 2017 narrowed as administrative and research & development costs also fell during the period.Pretax loss for the a

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8 Feb 2017 16:51

Alexander Mining raises £750,000 for potential investment

(ShareCast News) - Shares in Alexander Mining fell almost 15% on news has placed about 535.7m shares at 0.14p each, raising £750,000 before expenses. Net proceeds would be used for a potential strategic mining corporate investment opportunity, and working capital. The investment opportunity -- for w

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11 Jan 2017 13:13

Alexander Mining boosted by Mongolian marketing agreement

(ShareCast News) - Alexander Mining has signed a marketing agreement with a prominent Mongolian commodities expert over the potential commercial use of the AIM company's leaching technologies in the country. Alexander said Dr Jadambaa Temuujin, chief research scientist at the Mongolian Academy of Sc

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25 Aug 2016 14:13

Alexander Mining Shares Up As It Agrees Licensing Deal With Accudo

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23 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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9 Jun 2016 12:51

Alexander Mining Subsidiary Gets Patent For Molybdenum Leaching

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