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Pin to quick picksBlencowe Resou. Share News (BRES)

Share Price Information for Blencowe Resou. (BRES)

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Share Price: 6.00
Bid: 5.70
Ask: 6.30
Change: -0.25 (-4.20%)
Spread: 0.60 (10.526%)
Open: 5.95
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TRADING UPDATES: Karelian gets permit extension, Starwood ups dividend

Thu, 25th Jan 2024 21:59

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

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Location Sciences Group PLC - Cheltenham, England-based location data optimisation and transparency platform - Enters unsecured term loan facility agreement with special purpose holding company named as Bidco 3 Ltd, for up to GBP3.0 million. It may use the loan in one or more tranches for a minimum of GBP500,000 per tranche. Facility will be used to provide company with general working capital. Borrowings will accrue interest daily at 1.5% per month, with repayment due on January 31, 2026.

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Atlantic Lithium Ltd - Africa-focused lithium explorer and developer - Announces completion of Stage 1 of its competitive offtake partnering process to secure funding for a portion of the remaining 50% available feedstock from its Ewoyaa Lithium Project in Ghana. Moves to Stage 2 of the process, involving "more detailed" due diligence. Executive Chair Neil Herbert says company received non-binding indicative offers during Stage 1, and can now move forward "with a number of preferred parties".

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Blencowe Resources PLC - Developer of Orom-Cross graphite project in Uganda - Reports receipt of USD1 million second tranche payment from the United States International Development Finance Corp, or 20% of the full USD5 million DFC grant to be utilised for Orom-Cross definitive feasibility study costs. Company has received USD2 million to date since funding agreement was signed in 2023. The DFC disbursed the tranche upon completion of "several key goals" such as all spheronised purified graphite test work and the mining of a further 600 tonne bulk sample. Says SPG results indicate that Orom-Cross graphite can be purified up to a 99.995% product, meaning the graphite's quality would be "at the very highest level". Company is "well on its way" to completing necessary milestones for accessing another USD1 million.

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Starwood European Real Estate Finance Ltd - Guernsey-based investor managing high quality senior and mezzanine real estate debt in the UK and Europe - Confirms 1.88 pence per share dividend for the fourth quarter that ended on December 31, bringing its total 2023 dividend to 6.0p per share. This is 0.5p higher than its original target, although target for 2024 remains at 5.5p. Net asset value at December 31 is 104.35p per share, slightly down from 104.46p at September 30. Says portfolio has an average remaining loan term of 1.4 years. Says GBP48.8 million in total has been repaid across seven investments during the period, including full repayment of three loans and four partial repayments. Adds that its loan book is performing broadly in line with expectations despite a challenging macro environment.

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Karelian Diamond Resources PLC - Finland-focused exploration company - Finnish Safety & Chemicals Agency notifies Karelian of granting of an extension for the maximum further three years allowed to its exploration permits Riihivaara 26, Riihivaara 24, 24a and 24b in the Kuhmo region of Eastern Finland. This allows Karelian to "continue and extend its exploration programme in this highly prospective area of Finland".

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Arc Minerals Ltd - Africa-focused copper company - Announces results from recent scout drilling campaign at its Virgo Project within the Kalahari Copper Belt in Botswana. Says copper mineralisation and anomalism intersected, with up to 3.65% copper and 24 grams per tonne silver assayed over the individual sampled interval. Executive Chair Nick Von Schirnding says it is "extremely encouraging to see significant mineralisation intersected close to the boundary of our licenses by Khoemacau that bodes well for our follow-up exploration campaign."

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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19 Jun 2023 13:56

IN BRIEF: Jangada Mines notes Blencowe's completion of test work

Jangada Mines PLC - London-based mining company focused on Brazil - Notes the announcement released by Blencowe Resources PLC in which it holds a 9.5% interest. Blencowe completes critical metallurgical test work on a "substantially increased scale of 150 kilograms by leading Chinese graphite metallurgical test laboratory at Wuhan University". Says results continue to highlight a high grade, low impurity concentrate. Says Blencowe now has "considerably more volume of end product concentrate to send to potential offtake and strategic parties ahead".

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19 Jun 2023 13:35

IN BRIEF: Blencowe completes Orom-Cross metallurgical test work

Blencowe Resources - London-based mineral exploration and development company - Successfully completes metallurgical test work on its Orom-Cross graphite project in Northern Uganda on a substantially increased scale of 150 kilograms. Testing developed by Chinese graphite test laboratory at Wuhan University in partnership with Jilin New Technology. Says results indicate a high grade, low impurity concentrate. The company has more volume of end product concentrate to send to potential offtake and strategic parties ahead. Blencowe says that open cycle flotation test produced recoveries between 92% to 94% and a concentrate grades range between 95% and 98% for all graphite mesh sizes.

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2 Jun 2023 11:02

Blencowe Resources loss widens as progresses Uganda graphite project

(Alliance News) - Blencowe Resources PLC on Friday said its half-year loss widened, as it focuses on completing a feasibility study and securing funding for its Orom-Cross graphite project in Uganda.

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18 May 2023 14:29

IN BRIEF: Blencowe raises GBP635,000 for Orom-Cross study

Blencowe Resources PLC - London-based natural resources company focussed on the development of the Orom-Cross graphite project in Uganda - Raises GBP635,000 at 5 pence per share through issue of 12.7 million shares. Placing proceeds will be used to assist the Orom-Cross definitive feasibility study work started early this year, managed by leading firm CPE Engineering. The company will issue investors in the placing with one warrant per two placing shares, exercisable at 8 pence for a period of three years. Jangada Mines PLC, which owns roughly a 9.5% stake in Blencowe, noted the announcement.

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27 Feb 2023 19:42

TRADING UPDATES: i-nexus to deliver growth; Craven House loss narrows

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

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8 Feb 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 9 February 
Compass Group PLCAGM
easyJet PLCAGM
Ethernity Networks LtdEGM capital raise
Oxford Metrics PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Triple Point VCT 2011 PLCGM re cancellation and extinguishment of shares
Tritax EuroBox PLCAGM
Zytronic PLCAGM
Friday 10 February 
Red Rock Resources PLCAGM
Victrex PLCAGM
Monday 13 February 
Cellular Goods PLCAGM
Tuesday 14 February 
Tui AGAGM
Wednesday 15 February 
Barkby Group PLCAGM
Blencowe Resources PLCAGM
Circle Property PLCEGM re capital reduction and shares capitalisation
GCP Infrastructure Investments LtdAGM
Helium One Global LtdAGM
Petro Matad LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Jan 2023 11:55

Blencowe appoints CPC Engineering for study at Ugandan project

(Alliance News) - Blencowe Resources PLC on Monday said it has appointed engineering firm CPC Engineering to manage the definitive feasibility study at its Orom-Cross graphite project in Uganda.

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16 Jan 2023 11:58

IN BRIEF: Blencowe notes final metallurgical test for graphite project

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Begins final metallurgical test procedure for Orom-Cross graphite project in Uganda. Sends samples to Wuhan University of Technology in China and to US graphite technical firm American Energy Technologies Co for spheronised purified graphite and expandables testing. The tests aim to confirm that Orom-Cross concentrate upgrades efficiently to an over 99.95% battery grade product.

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11 Jan 2023 21:08

TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results

(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 21:50

TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC

(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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26 Oct 2022 14:39

TRADING UPDATES: Ecora expects to profit off softer commodity prices

(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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5 Oct 2022 22:06

TRADING UPDATES: Blencowe Resources sees potential interest from China

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

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26 Sep 2022 21:46

TRADING UPDATES: Goldplat appoints chair; 3i portfolios make progress

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

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6 Sep 2022 20:31

TRADING UPDATES: Wishbone drilling impresses; Avation leases aircraft

(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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19 Jul 2022 14:46

IN BRIEF: Blencowe Resources ends Orom-Cross pre-feasibility study

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Completes pre-feasibility study on time and on budget. Says the study indicates a robust and "profitable" graphite mining operation at the Orom-Cross graphite project in Uganda. Estimates a net present value of USD482 million and a 14-year mine life that can be increased by additional drilling. Plans to move towards initial stage production at Orom-Cross by the second half of 2023.

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