The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHorizonte Minerals Share News (HZM)

Share Price Information for Horizonte Minerals (HZM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.275
Bid: 0.25
Ask: 0.30
Change: -0.025 (-8.33%)
Spread: 0.05 (20.00%)
Open: 0.30
High: 0.30
Low: 0.275
Prev. Close: 0.30
HZM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

Fri, 25th Feb 2022 20:12

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

----------

Cloudbreak Discovery PLC - London-based natural resource project generator - Enters an option agreement on the Rizz Project in British Columbia with 1311516 BC Ltd. Cloudbreak to earn 75% interest in the project. 1311516 BC will spend CAD750,000, around USD588,472, over a three-year period in exploration expenditures on the property. Upon completion of the agreement, 1311516 BC and Cloudbreak will enter into a joint venture.

----------

Ethernity Networks Ltd - Israel-based networking and security company - Enters into a share subscription with 5G Innovation Leaders Fund LLC, a US-based investor and significant shareholder in Ethernity Networks, to raise USD2 million. The company says the funding will allow it to accelerate the company's transition towards the mass production of UEPs and ACE-NIC products.

----------

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Launches a new 100 gigabit Ethernet processor plug in card, TR MAx/6sd-RCR. Chief Executive Miles Adcock says the offering will enable customers to speed up their time to deployment.

----------

Bens Creek Group PLC - London-based mining company focused in North America - Completes all remedial works required on its preparation and wash plant. The plant will now undergo in-depth testing and sample processing which is expected to last two weeks. Until the preparation and wash plant is fully operational, the sale and delivery of unwashed product to Integrity Coal Inc will continue in line with the company's previous announcement. Bens Creek adds that the purchase of a second highwall miner has now been completed. The machine is expected to be deployed by the second quarter of 2022.

----------

Duke Royalty Ltd- Guernsey-based royalty finance provider - Invests further GBP1.5 million into its existing royalty partner Lynx Equity UK Ltd. Lynx will use the investment to acquire Danish equipment manufacturer Obel-P Automation AS. Duke Royalty's investment in Lynx now totals GBP15 million.

----------

Horizonte Minerals Plc- London-based nickel company - Says Hatch Ltd has been selected as the furnace supply vendor for its Araguaia ferronickel project in Brazil. Hatch will supply Horizonte with a circular electric arc furnace rated at 60 megawatts, a calcine transfer system to feed the furnace with 835,000 tonnes per year of calcine and additional services to ensure successful installation and commissioning.

----------

Aquila European Renewables Income Fund PLC - Hamburg-based investment company - Says works at The Rock project have been focused on the energisation of its 72 turbines. Currently, a number of the turbines are already energised and as a result are producing electricity and revenue, Aquila says. The commercial operations date for the project has been extended to the second quarter of 2022 from the first quarter, largely driven by severe winter conditions. Aquila acquired a 14% interest in The Rock project in June 2020.

----------

Kavango Resources PLC - London-based mining company focused on Botswana - Extends exclusive three-month option to acquire 85% of Kalahari Key Mineral Exploration Proprietary Ltd. Kavango has until Monday to exercise the option. KKME currently owns 100% two prospecting licences at the Molopo Farms project in Botswana. Power Metals Resources holds a 40% interest in the project.

----------

Seplat Energy PLC - Lagos-based oil and gas company focused on Nigeria - Agrees to acquire 100% of Mobil Producing Nigeria Unlimited from Exxon Mobil Corp for USD1.28 billion. The acquisition encompasses the entire offshore shallow water business of ExxonMobil in Nigeria. Seplat says the shallow water business has a skilled local operating team and a track record of safe operations, producing 95,000 barrels of oil equivalent per day in 2020. The acquisition will be funded through existing cash resources and credit facilities as well as a new USD550 million loan facility and USD275 million offtake facility.

----------

Reabold Resources PLC - London-based oil and gas company with projects in the UK, the US and Romania - Extends the longstop date of its equity exchange agreement with Daybreak Oil & Gas Inc to April 29. The transaction, once completed, will result in Reabold holding up to 47% of Daybreak's share capital.

----------

Oxford BioDynamics PLC - Oxford-based biotechnology company - Announces the successful validation and US launch of its checkpoint inhibitor response test, EpiSwitch CiRT. The clinical blood test predicts the likelihood of a cancer patient's response to immunotherapy drugs, immune checkpoint inhibitors.

----------

Supply@ME Capital PLC - London-based financial technology platform - Receives a partial conversion notice from Mercator Capital Management Fund LP in relation to GBP500,000 convertible loan notes issued on February 2. Following receipt of the conversion notice, the notes are to be converted into 489.8 million shares at a conversion price of GBP0.0010. GBP178,333 of the notes will remain outstanding.

----------

Tintra PLC - London-based lottery and e-commerce product business - Reports delay in the sale of certain assets of Prize Provision Services Ltd, its lottery administration business, to Sterling Management Centre Ltd. Says it still expects to complete the transaction in a "timely" fashion and that a "non-binding tight timeline" has been established. Tintra adds that it will dissolve its wholly-owned subsidiary PPS Blockchain Ltd as it has "not progressed in any meaningful way".

----------

Various Eateries PLC - London-based restaurant operator - Says its wholly-owned subsidiary Various Eateries Trading Ltd has entered into agreement to reissue its second deep discounted bond with Friends Provident International Ltd. The redemption date extends to April 15, 2023 from April 15, 2022. The bond has a subscription amount of GBP9.5 million.

----------

Insig AI PLC - London-based machine learning company - Says that its wholly-owned subsidiary Insig Partners Ltd has entered into a long-term services agreement with CarVal Investors. The agreement is to launch a new line of high yield and investment grade environmental, social and governance scoring tools to optimise the company's portfolios.

----------

Macau Property Opportunities Fund - Guernsey-based investment company - Says the realisation of its assets have been negatively impacted by Covid-19. As a result, the company agrees a new investment management agreement of USD100,000 per month for 2022, effective from February 1, following an interim payment of USD99,000 in January. Agreement will expire on December 31 unless new arrangements are made.

----------

Alkemy Capital Investments PLC - London-based company focused on acquisition in mining and technology metals sectors - Enters an exclusivity agreement with Sembcrop Utilities Ltd to enter into a lease over a brownfields site at Wilton International, a chemical engineering park, on which it intends to construct a lithium hydroxide processing facility. Forms a wholly-owned subsidiary company, Tees Valley Lithium Ltd, to pursue this. The processing facility will aim to produce 24,000 tonnes per year of lithium hydroxide monohydrate. The entry into the exclusivity agreement and incorporation of a subsidiary constitutes a reverse takeover transaction therefore the Financial Conduct Authority has suspended the company's listing.

----------

Good Energy Group PLC - London-based renewable energy supplier - Receives deferred consideration in relation to its disposal of its 47.5 megawatt renewable generation asset portfolio. The company has now received GBP20.7 million to date. A final total consideration of GBP21.2 million is expected by June 30.

----------

SimiGon Ltd - Israel-based software company - In the process of preparing an application requesting cancellation of the ex parte temporary restraining order made against it and adds it intends to defend the lawsuit made against it. The lawsuit was made by Gal Erez, a 4% shareholder in the company, requesting the removal of alleged minority shareholders oppression. Erez submitted an application for a restraining order in order to prevent the cancellation of the admission of the company's shares to trading on the AIM Market. On February 21, the court issued an ex parte temporary restraining order with respect to the cancellation.

----------

Bank of Georgia Group PLC - London-based bank operating in Georgia - Says Gemsstock Ltd, an entity associated with Director Alasdair Breach, bought 18,251 shares at an average price of GBP14.06 for GBP256,618 on Tuesday. The same person bought 39,386 shares at an average price of GBP14.84 for GBP584,637 on Wednesday. Transactions total GBP841,255.

----------

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Jan 2017 16:25

Horizonte appoints Wagner Lucio Oliveira as feasibility study manager

(ShareCast News) - Brazil-focused nickel development company Horizonte Minerals announced on Wednesday that it has appointed Wagner Lucio Oliveira to a non-board position as its feasibility study manager for its 100% owned Araguaia nickel project, which is being developed as the next major nickel pr

Read more
19 Dec 2016 08:41

Horizonte Minerals requests proposals for Araguaia feasibility study

(ShareCast News) - Brazil-focused nickel development company Horizonte Minerals announced the issuance of a request for proposals on Monday, to engage consulting firms to prepare a definitive feasibility study for its 100%-owned Araguaia nickel project, which was being developed as the next major ni

Read more
3 Oct 2016 07:37

Horizonte Updates Araguaia Study To Include Nearby Glencore Project

Read more
9 Aug 2016 16:07

Horizonte Minerals makes progress at Araguaia

(ShareCast News) - Brazil-focused nickel development company Horizonte Minerals announced its unaudited financial results for the six months ended 30 June 2016 on Tuesday. The AIM-traded firm once again reported nil revenue, and a loss from operations of £786k, widening from the £538k loss at the sa

Read more
8 Jun 2016 08:19

Horizonte Minerals Says Araguaia Environmental Licence Granted

Read more
11 May 2016 10:15

Horizonte Minerals First Quarter Loss Narrows As It Develops Araguaia

Read more
14 Apr 2016 15:09

AGM, EGM Calendar - Week Ahead

Read more
15 Mar 2016 09:05

Horizonte To Keep Focus On Araguaia Project In Brazil As Loss Widens

Read more
9 Feb 2016 12:06

Horizonte expands Brazil prospects with four new concessions

(ShareCast News) - Horizonte Minerals was expanding its Brazil prospects on Tuesday, revealing it had been awarded four new concession areas adjacent to its in-development Araguaia Nickel Project. The AIM-traded nicked development company, with a focus in Brazil, said the two southern concessions to

Read more
9 Feb 2016 10:51

Horizonte Minerals Gets Four New Concessions At Araguaia In Brazil

Read more
10 Nov 2015 09:00

Horizonte Produces Commercial Ferronickel From Pilot Test Plant

Read more
9 Oct 2015 12:29

Horizonte Minerals cleared to issue second tranche of shares to fund Araguaia deal

(ShareCast News) - Nickel miner Horizonte Minerals has been given the green light by the Toronto Stock Exchange to issue the second of tranche of shares to fund part of its acquisition of the Araguaia nickel project in Brazil from Glencore. In a short statement released on Friday, the London-listed

Read more
9 Oct 2015 07:48

Horizonte Minerals Issues Second Tranche Of Shares (ALLISS)

Read more
2 Oct 2015 09:51

Horizonte Minerals receives part of funds from placement

(ShareCast News) - Nickel mining development group Horizonte Minerals said on Friday it has received part of the funding from its recent placing. The Brazil-focused company has received £1.1m from issuing 112.5m shares at 1p each, with 42.5m still to be issued at the same price on the Toronto Stock

Read more
2 Oct 2015 07:40

Horizonte Minerals Gets GBP1.1 Million From Share Placing (ALLISS

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.