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Pin to quick picksCritical Metal Share News (CRTM)

Share Price Information for Critical Metal (CRTM)

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Share Price: 4.50
Bid: 4.30
Ask: 4.70
Change: -0.10 (-2.17%)
Spread: 0.40 (9.302%)
Open: 4.50
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Prev. Close: 4.60
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EARNINGS UPDATES: Insig AI momentum builds; Scotgold makes strides

Wed, 22nd Dec 2021 18:23

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

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Insig AI PLC - London-based machine learning and data science firm which serves the asset management industry, formerly known as Catena Group PLC - Revenue from trading activity for six months to September 30 jumps to GBP896,000 from GBP196,000, while pretax loss widens to GBP844,000 from GBP287,000. Administrative expenses increase to GBP2.2 million from GBP567,000, though it realises gain on share investment of GBP1.4 million versus nothing a year before. Says each month continues to be "busier than the last" and firm expects this to continue. "The coming quarter and 2022 should demonstrate our ability to secure multiple contract wins, as we successfully leverage our machine learning technology and exploit it, so it fuels fast growing and increasingly higher margin revenues. I look forward to a very exciting 2022," says Chief Executive Steven Cracknell.

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Scotgold Resources Ltd - gold and silver explorer and producer in Scotland - Posts revenue of USD299,807 for financial year ended June 30, versus nothing a year ago. However, pretax loss widens to USD5.0 million from USD2.5 million. Says that as of August 2021, it has consistently achieved production revenue that exceeds operational costs. "December production currently looks to be another step change higher than previous months, further demonstrating the significant strides we're making as a team," says Chief Executive Phil Day. Adds that operational and strategy update will be made in January 2022.

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GCM Resources PLC - Phulbari coal and power project in north-west Bangladesh - Pretax loss for financial year ended June 30 widens to GBP1.9 million from GBP1.5 million the year before. No revenue generated in either period. Says pandemic meant progress did not meet expectations in the year. "We have remained focussed on delivering returns on shareholder investment through packaging the project in its best possible form with the key step still being approval from the Bangladesh Government," company says.

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Critical Metals PLC - Africa-focused natural resources investor - Pretax loss for financial year to June 30 GBP347,584, widened from GBP98,293 the year before. No revenue generated in either period. Says it has been completing due diligence on deal to purchase a controlling position in a company that holds the rights to a previously producing copper-cobalt property in the Democratic Republic of Congo. Plans to file for readmission to the London Stock Exchange in early 2022 as a mining company enlarged by the acquisition of an indirect controlling interest in the Molulu Project. "The goal of our company to become cash flow positive in 2022 and beyond is still intact, and, looking forward, I am very excited about what the entry into 2022 will hold for Critical Metals. The board believes that 2022 will be a year of significant growth for the company as we look to advance our strategy and create value for shareholders," it says.

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Bens Creek Group PLC - owner of metallurgical coal mine in North America - Reports pretax loss of USD605,665 for period stretching August 11 to September 30, 2021. Of this, USD483,750 attributable to costs associated with listing process. Firm was incorporated in August and then floated in London in October. Says target remains to be shipping coal and generating revenue by the end of the first quarter of 2022.

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Goldplat PLC - gold recovery operations in South Africa and Ghana - Revenue for financial year ended June 30 rises to GBP35.4 million from GBP24.8 million the year before, but pretax profit falls to GBP3.7 million from GBP5.7 million. This is due to cost of sales jumping 67% to GBP29.2 million from GBP17.5 million, outstripping the pace of revenue growth, which was 43%. It notes higher input costs and tighter margins in South Africa. "The company will remain focused on sharing future cashflows with shareholders, specifically distributing cash surplus to the Group's operational requirements and growth plans to shareholders," it says.

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Caledonian Trust PLC - Edinburgh-based property investment holding and development company - Net asset value per share at June 30 208.4p, up from 204.5p year-on-year. Revenue in year jumps to GBP4.6 million from just GBP536,000 the year prior, and pretax profit jumps to GBP460,000 from GBP95,000. "The board does not recommend a final dividend, but intends to restore dividends when profitability and consideration for other opportunities and obligations permit," the firm says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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19 Apr 2024 17:36

IN BRIEF: Critical Metals' CEO sells shares for over GBP55,000 total

Critical Metals PLC - London-based developer and operator of the Molulu copper & cobalt project - Says that Chief Executive Officer Russell Fryer has sold 580,000 shares, totalling GBP55,242.80, in a number of transactions. Critical Metals says the sales "took place to meet urgent financial obligations including outstanding tax commitments".

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10 Apr 2024 16:34

Critical Metals raises GBP1.6m for developments at Molulu

(Alliance News) - Critical Metals PLC said on Wednesday that it had engaged in a fundraise to finance its Molulu copper project and "move the company closer to being cash generative".

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28 Mar 2024 14:35

EARNINGS AND TRADING: 888 advances US exit; Arrow ups reserve estimate

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

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8 Jan 2024 14:30

Critical Metals raises GBP215,000 in placing to fund Molulu operations

(Alliance News) - Critical Metals PLC on Monday said it has raised GBP215,000 via a placing of 2.3 million shares at 9.5 pence per share.

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19 Dec 2023 16:59

Critical Metals advances Molulu project; ore sales expected early 2024

(Alliance News) - Critical Metals PLC has provided an operational update on Tuesday for its flagship Molulu copper-cobalt project.

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8 Nov 2023 09:21

Critical Metals establishes Molulu's first primary school

(Sharecast News) - Mining company Critical Metals said on Wednesday that it has successfully opened Molulu's first primary school.

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6 Nov 2023 14:26

TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

(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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3 Nov 2023 09:25

Critical Metals annual loss widens as Molulu project gains ground

(Alliance News) - Critical Metals PLC said it "transformed" from explorer to copper producer in its latest financial year, with a widened loss caused by surging exploration and administrative costs.

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10 Oct 2023 13:42

Critical Metals to acquire Kastro plant assets for USD8 million

(Alliance News) - Critical Metals PLC on Tuesday said it entered a non-binding term sheet to rent and subsequently acquire 100% of a hydrometallurgical plant in the Democratic Republic of the Congo.

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10 Oct 2023 13:42

Critical Metals to acquire Kastro plant assets for USD8 million

(Alliance News) - Critical Metals PLC on Tuesday said it entered a non-binding term sheet to rent and subsequently acquire 100% of a hydrometallurgical plant in the Democratic Republic of the Congo.

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9 Oct 2023 11:44

Critical Metals to sell copper oxide ore to OM Metal & Resources

(Alliance News) - Critical Metals PLC on Monday said it entered into an offtake agreement with OM Metal & Resources SARL, a Kinshasa-based supply wholesaler, for the sale of at least 20,000 tonnes of copper oxide ore.

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21 Sep 2023 14:32

TRADING UPDATES: Bluejay scraps cash investment in Dundas on testing

(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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18 Sep 2023 14:37

TRADING UPDATES: Avingtrans buys Adaptix, TPXimpact sells Questers

(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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31 May 2023 19:40

IN BRIEF: Critical Metals raises GBP600,000 via placing to aid growth

Critical Metals PLC - London-based, Africa-focused investment vehicle, with a focus on the critical and strategic metals sector - Announces it has raised GBP600,000 via a placing at 25 pence per share, the proceeds of which will be used to assess acquisition opportunities. In addition, warrants to subscribe for shares are being granted in the ratio of one warrant for every one new share. The warrants are exercisable at a price of 40 pence per share for 18 months from the date of issue. Further, updates on recent progress at the Molulu copper/cobalt asset in the Democratic Republic of Congo. Reports two new copper anomalies were identified by the geophysics analysis on Molulu project. Believes that this will further increase the tonnage to the already known copper resource base. Anticipates drilling will begin in the second half of June 2023 once the first results of the phase 1 programme are received.

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