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Pin to quick picksKarelian Share News (KDR)

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TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

Wed, 29th Nov 2023 18:07

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

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Aura Energy Ltd - minerals company that holds projects in Mauritania and Sweden - Applies for exploration tenements adjacent to and surrounding its existing Tiris uranium project in Mauritania. "Subject to the successful granting of these applications, Aura will work to progressively confirm and test exploration targets within these tenements through 2024 and 2025," Aura adds.

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Kavango Resources PLC - Metals exploration company with assets in Botswana and Zimbabwe - Begins airborne geophysical survey at Kalahari Copper Belt project in Botswana. In addition, Kavango says it made a "strategic investment" in Pambili Natural Resources Corp, listed in Toronto. Kavango has given notice to Pambili to convert USD250,000 convertible loan made to Pambili into shares. Following conversion, it will own 15% of Pambili.

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Artemis Resources Ltd - Western Australia-focused gold, copper and lithium exploration company - Says maiden drill hole completed at Osborne joint-venture, owned alongside Greentech Metals Ltd. Artemis holds 49%. "This first diamond hole is the culmination of extensive ground reconnaissance and analysis by the technical team. It is a confirmation of the rock chip and soil sampling results that have been achieved to date and suggests that we are on the right exploration pathway. We are looking forward to continuing with the drilling program and to further confirm the extent of lithium mineralisation," Executive Director George Ventouras comments.

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Karelian Diamond Resources PLC - Finland-focused exploration company - Swings to pretax loss of EUR291,467 for year ended May 31, from profit of EUR13,593 the year prior. Lift from fair value movement of warrants declines to EUR9,565, from EUR389,904 the year prior. Generates no revenue, unchanged year-on-year.

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Conroy Gold & Natural Resources PLC - Ireland and Finland-focused gold exploration and development company - Pretax loss in year ended May 31 widens to EUR362,829 from EUR256,484. Boost from fair value movement of warrants weakens to EUR257,050 from EUR585,954, hurting bottom-line. Generates no revenue, unchanged year-on-year.

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GENinCode PLC - biotechnology company focused on prevention of cardiovascular disease - Agrees with US Food & Drug Administration to transition regulatory process of CARDIO inCode-Score offering to de novo pathway from 510(k) submission. CARDIO inCode-Score tests someone's risk of suffering a cardiovascular event. GENinCode adds: "Following the CARDIO inCode-Score 510(k) medical device submission in August 2023, the FDA has reviewed the submission and recently noted CARDIO inCode-Score's 'first in class' position and the deep clinical evidence for polygenic risk assessment of CHD. Based on these factors and the novel position of CARDIO inCode-Score, the FDA has requested the company to transition to a de novo pathway for market approval." GENinCode has submitted de novo request and expects clearance timeline "broadly in line with earlier" forecast of late first-quarter to early second-quarter of 2024.

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Helium Ventures PLC - special purpose acquisition vehicle - Will seek shareholder approval for change in investment strategy at December 21 annual general meeting. Will look to now focus on technology sector. "In an era where technology is reshaping industries and redefining the way we live and work, the company is committed to identifying and supporting tech enterprises that are developing the technology landscape. The resulting investment(s) may be in a company, partnership or a special purpose vehicle. The company expects to target such opportunities in the technology sector which require funding to complete development, commercialise its technology or progress its operations," it says. It will also seek shareholder approval for a name change to Eastwood Capital PLC. Helium Ventures floated on the Aquis Stock Exchange Growth Market back in July 2021 targeting helium sector-related investments. It will soon leave AQSE and join London's AIM.

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IamFire PLC - investment issuer focused on opportunities in the social commerce, life sciences and natural resources sectors - Extends discounted capital bond with Hawk Investment Holdings Ltd for further year to November 24, 2024. In addition, it proposes name change to WeCap PLC for shareholders to vote on during December 11 annual general meeting. "The directors believe that the name change will better reflect the essence and strategy of the company which is, in effect, raising capital and providing support for its investee companies. In addition to the name change the company proposes to roll out a new website and social media platforms all with the aim of providing better awareness for our investee companies, in particular the predominant weighting given to WeShop in our portfolio," IamFire adds.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Karelian Diamond plans exploration in Northern Ireland and Finland

(Alliance News) - Karelian Diamond Resources PLC on Monday said it is set to begin exploration programmes in both Finland and Ireland.

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AIM WINNERS & LOSERS: Karelian rises as exploration programmes begin

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29 Mar 2023 21:33

Karelian pays compensation for rights to Lahtojoki diamond deposit

(Alliance News) - Karelian Diamond Resources PLC on Wednesday said that having paid the amount of compensation due to the landowners, it is now entitled to land possession over the entire mining concession area at the Lahtojoki diamond deposit.

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29 Mar 2023 13:14

Karelian faces three appeals to Lahtojoki land survey

(Sharecast News) - Karelian Diamond Resources said in an update on Wednesday that it is entitled to land possession over the entire mining concession area for the Lahtojoki diamond deposit, after the payment of compensation to landowners as decided by the National Land Survey of Finland.

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29 Mar 2023 13:14

Karelian faces three appeals to Lahtojoki land survey

(Sharecast News) - Karelian Diamond Resources said in an update on Wednesday that it is entitled to land possession over the entire mining concession area for the Lahtojoki diamond deposit, after the payment of compensation to landowners as decided by the National Land Survey of Finland.

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28 Feb 2023 15:13

TRADING UPDATES: Dalata "cautiously optimistic" amid 2022 profit swing

(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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20 Dec 2022 14:50

Karelian Diamond Resources loan note amended and converted

(Sharecast News) - Karelian Diamond Resources announced a variation to a convertible loan agreement on Tuesday, as well as the conversion of the loan.

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2 Dec 2022 12:42

Karelian Diamonds raises GBP250,000 in placing to fund exploration

(Alliance News) - Karelian Diamond Resources PLC on Tuesday announced a placing to raise GBP250,000 to fund its mining operations and exploration.

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29 Nov 2022 21:36

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(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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24 Nov 2022 13:25

Karelian finally gets date for Lahtojoki land survey meeting

(Sharecast News) - Karelian Diamond Resources announced on Thursday that the National Land Survey of Finland meeting in relation to the Lahtojoki diamond deposit was set to be held on 14 December.

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7 Oct 2022 21:54

TRADING UPDATES: Vast Resources in offtake deal; Conroy posts assays

(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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7 Jun 2022 13:46

Karelian upbeat on latest geophysical work in Finland

(Sharecast News) - Karelian Diamond Resources announced on Tuesday that the geophysical interpretation of drone-based aeromagnetic data had identified 23 kimberlite targets up-ice of the green diamond discovery in till it previously made.

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TRADING UPDATES: Argo mines less bitcoin in May; Filtronic wins deal

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1 Jun 2022 21:19

IN BRIEF: Karelian Diamond meeting in Finland faces delays

Karelian Diamond Resources PLC - Dublin-based diamond explorer - Says the National Land Survey of Finland informs the company that the final meeting regarding its diamond mine development at Lahtojoki has been delayed. The meeting will now take place at the end of the summer or early autumn of this year. The delay is caused by the impact of Covid-19 and the workload of the National Land Survey.

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