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TRADING UPDATES: Somero ups guidance; Dev Clever wins China contract

Tue, 07th Dec 2021 20:59

(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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Argo Blockchain PLC - London-based cryptocurrency miner - During November, mines 185 Bitcoin or Bitcoin Equivalent compared to 167 BTC in October. Brings the total amount of BTC mined year-to-date to 1,831 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in November was GBP8.3 million, up from GBP7.2 million in October.

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Life Science REIT PLC - life science property investor - Completes acquisition of three buildings at the Cambourne Business Park near Cambridge, UK through the purchase of Scholar Property Investments Ltd, the sole assets of which are the freehold interests in the three buildings. The purchase price of GBP38.7 million, excluding acquisition costs, was satisfied entirely in cash and reflects a net initial yield of 5.6%.

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Anexo Group PLC - Liverpool-based credit hire and legal services provider - Creates new team within its legal services unit, Bond Turner, to deal with claims arising from housing disrepair. Says new team currently engaged in almost 1,600 cases and this figure is expected to rise substantially during 2022. Executive Chair Alan Sellers says: "It has been apparent for some time that large numbers of tenants, including many of our customers, are suffering from poor quality housing. The new HDR team will be able to help claimants by ensuring that their landlords, whether they be local authorities, housing associations or private landlords, are obliged to maintain their homes to a decent standard. This includes a reasonable state of repair, the provision of reasonably modern facilities, and reasonable thermal comfort, including the absence of damp and mould."

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Dev Clever Holdings PLC - software developer for immersive learning and career guidance - Wins contract with the Chinese Academy of Sciences for the deployment of virtual reality devices with its software for learning purposes. Dev Clever will initially deploy 20,000 devices for USD150 each on an annual recurring subscription basis, with initial devices to be distributed shortly after the Chinese New Year in February 2022.

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1Spatial PLC - Cambridge, England-based IT service management company - Wins GBP600,000 multi-year contract with the Rural Payments Agency, an executive agency of the Department for Environment, Food & Rural Affairs. The contract, includes GBP400,000 in software licenses over two years, adding to company's growing levels of recurring, high margin software revenue, with the balance consisting of services revenue.

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Journeo PLC - Ashby-de-la-Zouch, England-based information systems and transport technical services firm - Signs 1-year extension to a framework agreement with Arriva UK Bus which is expected to generate GBP1.6 million in revenue. "The extension, which will continue to April 2023, includes the provision of high-definition CCTV systems and nationwide engineering support, along with technical design, new technology evaluation and project management services," company says.

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Dillistone Group PLC - Basingstoke, England-based software and services for recruiters under Ikiru People brand - Signs new client contract award. "The award represents the group's largest new contract win since the restructuring of the business in January 2020 and supports management's belief that the business will continue to see improved performance in 2022," company says.

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Clipper Logistics PLC - e-fulfilment and returns management services provider - Completes acquisition of Dutch specialist consumer electronics repair services, CE Repair Services Group BV.

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Kanabo Group PLC - medical cannabis research and development - Applies to bioavailability and efficacy trial of its proprietary cannabis inhalation formulas used in conjunction with its VapePod delivery device. "Once successfully completed, the trial will help Kanabo target the rapidly growing segments of the medicinal cannabis market for patients who wish to manage their pain using a clean and measurable method of treatment," company says.

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Somero Enterprises Inc - Fort Myers, Florida-based concrete levelling equipment company - Sees strong trading momentum continue through second half of 2021. As a result, expects to outperform previous annual guidance. Now expects 2021 revenue about USD130.0 million, with adjusted Ebitda about USD45.0 million, which is ahead of previous forecasts of USD120.0 million and USD42.0 million. "This strong trading momentum in H2 2021 has been led by strong trading in North America, healthy contributions to growth from Europe and Australia, with the remaining international markets performing as expected. In North America, market conditions remain healthy and positive, driven in part by demand for new warehousing, with customer workloads at high levels and reported project backlogs extending well into 2022," company says.

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Cornish Metals Inc - United Downs copper-and-tin mine and South Crofty tin mine in Cornwall - Believes latest intersections from drill programme "clearly demonstrates" potential for United Downs to host a copper/tin/silver mineral resource to complement the identified tin mineral resource at South Crofty. Notes drill hole UD21-011A intersected five parallel zones of high-grade copper/tin/silver mineralisation beneath the historic United Mines, which includes 6.91 metres grading 0.80% copper, and 4.04 metres grading 4.44% copper and 2.06% tin.

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Tertiary Minerals PLC - mining projects in Zambia, Europe and the US state of Nevada - Says recently completed surface sampling and mapping programme from Pyramid silver-gold project in Nevada, US continue to return high-grade silver and gold grades. Notes four high-grade samples reporting silver grades of 1,286 grammes per tonne and 889 grammes per tonne, 522 grammes per tonne and 513 grammes per tonne. Managing Director Patrick Cullen says: "These are very encouraging results and include the highest silver grades we have sampled at North Ruth to date. While silver is the primary target, it is also excellent to see the presence of reportable gold grades."

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Atlantic Lithium Ltd - lithium-focused exploration company - Scoping study at Ewoyaa lithium project in Ghana, West Africa retains business case for 2 million tonnes per annum production operation with life of mine revenues exceeding USD3.43 billion. Notes study increases project's LOM operations to over 11 years, producing an average 300,000 tonnes per annum of 6% lithium oxide spodumene concentrate. Chief Executive Vincent Mascolo says: "Today's landmark update regarding the company's exceptional scoping study confirms that the Ewoyaa is an industry-leading asset and transformational for Atlantic Lithium."

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Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Completes processing bulk sample from Dundas ilmenite project. "The material will undergo further separation facilitated by our distribution partner to be sampled by key-end customers identified by them, with the aim of consolidating and potentially extending the existing distribution agreement to cover the entire expected annual output of Dundas ilmenite concentrate," company says. The pilot plant, which is in the process of being decommissioned, produced material that exceeded expected specifications for commercial production at Dundas.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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26 Oct 2023 21:49

TRADING UPDATES: Alumasc under CMA's eye amid "resilient" year

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

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26 Oct 2023 12:38

Cornish Metals opens South Crofty water treatment plant

(Sharecast News) - Tin-focussed mineral explorer and developer Cornish Metals announced a significant milestone on Thursday, with the official opening of its water treatment plant (WTP) as part of its efforts to revitalise the South Crofty mine.

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9 Oct 2023 16:12

Cornish Metals makes progress at South Crofty Tin Project

(Sharecast News) - Mineral explorer and developer Cornish Metals reported progress in its ongoing feasibility study at the South Crofty Tin Project on Monday, executing substantial portions with positive advancements in metallurgical test-work and other essential study components.

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9 Oct 2023 09:55

Cornish Metals posts stronger-than-expected results at South Crofty

(Alliance News) - Cornish Metals Inc shares rose on Monday as the firm provided positive test results from South Crofty tin deposit in Cornwall, which are likely to result in lower costs for the project.

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9 Oct 2023 09:53

AIM WINNERS & LOSERS: Mind Gym plunges on downbeat full-year outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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3 Oct 2023 20:05

EARNINGS AND TRADING: Cornish Metals reports narrowed half-year loss

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

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28 Sep 2023 15:52

Cornish Metals starts commissioning mine water treatment plant

(Sharecast News) - Explorer and developer Cornish Metals announced the start of the wet commissioning process for its mine water treatment plant (MWTP) at the South Crofty Tin Project in Cornwall on Thursday.

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28 Sep 2023 15:08

TRADING UPDATES: Rockhopper loss widens; Synectics inks new contract

(Alliance News) - (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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21 Sep 2023 21:08

IN BRIEF: Cornish Metals starts exploration drilling in Cornwall

Cornish Metals Inc - Vancouver, Canada-based mineral exploration and development firm focused on the UK and North America - Starts 9,000 metre mineral exploration drilling at the Wide formation target in the Carn Brea South exploration area at its South Crofty tin project in Cornwall, England. Says the formation "represents a high-grade tin target," citing 0.99% tin at discovery hole CB21-002 within a 12.14 metre wide zone of "strong" alteration and disseminated tin mineralisation. Highlights that tin is a critical mineral as defined by the UK, US and Canadian governments, with about 75% of tin mined today coming from China, Myanmar and Indonesia. Says that responsible sourcing of critical minerals and security of supply "are key factors in the energy transition and technology growth."

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14 Sep 2023 21:55

IN BRIEF: Cornish Metals hails updated estimate for South Crofty

Cornish Metals Inc - Vancouver, Canada-based mineral exploration and development firm focused on the UK and North America - Updates its JORC mineral resource estimate for the South Crofty tin project in Cornwall, England. Says the focus of this new MRE is the lower mine area tin-only section of the project. The site has been subject to a thorough review, including further digitisation and modelling of historical data, though the upper mine polymetallic area has also been reported using current metal prices.

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14 Sep 2023 13:41

Cornish Metals takes wraps off updated mineral resource estimate

(Sharecast News) - Cornish Metals unveiled an updated mineral resource estimate (MRE) for its flagship South Crofty Tin Project in Cornwall on Thursday.

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19 Jul 2023 10:52

Cornish Metals shares rise after installing South Crofty tin site pump

(Alliance News) - Cornish Metals Inc on Wednesday said that it has installed a second submersible pump at the South Crofty tin project in Cornwall, England.

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4 Jul 2023 12:02

IN BRIEF: Cornish Metals notes high grade tin assay results

Cornish Metals Inc - UK-focused mineral exploration and development company - Finds 2.1 metre grading at 3.2% tin and 1.5 metre grading at 4.7% tin at South Crofty tin project in Cornwall. Says Results add further confidence to its mineral resource estimate.

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27 Jun 2023 13:43

Cornish Metals fully installs first submersible pump

(Sharecast News) - Tin mine developer Cornish Metals announced the successful installation of the first submersible pump at the New Cooks Kitchen shaft on Tuesday.

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27 Jun 2023 10:21

Cornish Metals installs submersible pump to depth at South Crofty

(Alliance News) - Cornish Metals Inc on Tuesday said that the first of two submersible pumps have now been installed to target depth in the New Cooks Kitchen shaft at the South Crofty mine in Cornwall.

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