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Small caps round-up: Infrastrata, Nexus, Western & Oriental

Mon, 04th Oct 2010 12:57

Gas storage group Infrastrata says it can get a project in Dorset moving forward after completing legal agreements with its partner eCORP. eCORP has acquired 50% of the project company, Portland Gas, in return for funding the next £22.9m for investment in the project, to match the amount Infrastrata has put in so far. Infrastrata holds the remaining 50%.The project, which is at the port of Portland on the south coast, could together with another project Infrastrata is developing in Northern Ireland account for 10% of Britain and Ireland's total peak gas demand, Infrastrata says.Shares in Nexus Management took a knock after the IT services group said revenues and profits for the year to September 30 will be below expectations after it failed to conclude negotiations on a big order with a blue chip company.The negotiations continue, it said.A profit warning has also dented the share price of niche travel group Western & Oriental, which was hit by the impact of the volcanic ash cloud that spread from Iceland across Europe.Western, whose brands include W&O Travel and Iceland2go, said it had to pay for the repatriation of stranded holidaymakers and was hit by booking cancelations. Leyshon Resources' announcement that it is made applications for five coal exploration licenses in southwest Mongolia has fuelled a sharp rise in the mining group's share price. Berkeley Mineral Resources has raised a total of £0.85m before expenses by way of a placing of 42.5m new ordinary shares at a price of 2p per share.According to Berkeley, the funds have been raised primarily to accelerate the development of the processing of tailings dumps (leftovers from processed ore) at a Zambian mine once the company has completed their acquisition.Galaxy Resources, Australian lithium producer in which Creat Resources has a 20% shareholding, has raised Au$30m through a convertible note issue to a strategic China-based investor, in order to strengthen its capital base.The company has also confirmed rumours that it is evaluating the possibility of a dual listing on the Stock Exchange of Hong Kong, and is in the process of submitting a listing application.
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23 Jul 2018 13:09

Galileo Resources To Shortly Commence Drilling At Star Zinc Project

LONDON (Alliance News) - Galileo Resources PLC said Monday that it will "shortly" commence drilling at its Star Zinc Project in Zambia, after receiving positive results from an company a

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11 Jun 2018 18:38

BMR Raises GBP416,000 Via Jubilee Metals Share Placing To Creditors (ALLISS)

LONDON (Alliance News) - BMR Group PLC on Monday said it raised GBP416,000 through share placing in Jubilee Metals Group PLC.The mining company holds 63.2 million shares in Jubilee Metals.

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29 Mar 2018 13:48

BMR Group Loss Narrows As It Seeks To Reclaim Kabwe Licence

LONDON (Alliance News) - Lead and zinc miner BMR Group PLC on Thursday posted a slightly narrowed loss for its first half as it continues to try to get back the licence for to

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20 Jan 2017 08:56

BMR Receives Encouraging Results For Vanadium Potential At Kabwe Mine

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29 Dec 2016 09:20

BMR Group Eyes Expansion Opportunities As Loss Narrows In Year

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5 Dec 2016 09:31

Metal Tiger Names New CEO And Chairman As Paul Johnson Rejoins Board

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28 Nov 2016 12:05

Metal Tiger turns down offer from BMR

(ShareCast News) - Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group. BMR, a mining company that processes Lead and Zinc at Kabwe Mine in Zambia, has offered 0.231 of its shares for e

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28 Nov 2016 10:35

WINNERS & LOSERS SUMMARY: Fear Of Italian 'No' Vote Weighs On Banks

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14 Nov 2016 09:07

BMR invests in metal exploration property in Portugal

(ShareCast News) - Miner BMR Group has acquired 80% of a metals exploration concession over a property in Northern Portugal. The property contains tungsten, tin, gold and silver among other minerals. The option was granted by Mineralia-Minas, Geotecnia E Construcoes, a private Portuguese geological

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23 Sep 2016 11:07

BMR Group secures funding for Kabwe development

(ShareCast News) - BMR Group confirmed on Friday that it and its wholly owned subsidiary Enviro Mining Limited have entered into the anticipated project construction and trade finance facility for up to $5.2m, with private South African group African Compass International. The AIM-traded firm said t

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8 Aug 2016 09:47

WINNERS & LOSERS SUMMARY: Melrose Gains As Nortek Deal Moves Ahead

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8 Aug 2016 09:22

BMR Group signs off-take agreement with African Compass International

(ShareCast News) - BMR Group has signed an off-take and purchase agreement with African Compass International (ACI) to provide funding for the construction of the Kabwe mine in Zambia. The agreement provides for the off-take by ACI over a minimum five-year period, beginning within six months of comm

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1 Aug 2016 12:05

BMR set to agree larger facility for Kabwe plant

(ShareCast News) - Zambia-focused mineral processing business BMR Group said it expects to agree a $3.5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week. The facility, which at the end of June was only expected to be $2m, is to enable constructio

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30 Jun 2016 10:41

BMR Reports Progress On Kabwe Facility In Zambia Amid Offtake Talks

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16 Jun 2016 17:08

Broker tips: Charles Stanley, Playtech, Berkeley Group

(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta

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