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Pin to quick picksLandore Share News (LND)

Share Price Information for Landore (LND)

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Share Price: 4.35
Bid: 4.20
Ask: 4.50
Change: -0.30 (-6.45%)
Spread: 0.30 (7.143%)
Open: 4.65
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Low: 4.35
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Landore to offload non-core Canadian lithium resource

Wed, 10th Feb 2016 11:39

(ShareCast News) - Landore Resources had secured a deal to offload its Root Lake non-core lithium property in north western Ontario, Canada on Wednesday, to dedicated lithium producer Ardiden.The AIM-traded firm said the option agreement was subject to a CAD 50,000 deposit (£24,864) on the date of execution.If the option was to be exercised, Ardiden would be required to pay CAD 150,000 to Landore on the competion date.It would also issue CAD 150,000 of ordinary shares to Landore on completion, and grant Landore a 3% net smelter royalty from minerals produced from the Root Lake property.Ardiden would have the option to purchase 50% of the royalty from Landore for a payment of CAD 1m.Root Lake Lithium was considered a non-core asset by Landore, with a book value of nil. In the 2014 financial year there was nil expenditure on the property."We are pleased to pass on our Root Lake property to a dedicated lithium explorer whilst retaining an interest in the property through shares and a net smelter royalty, leaving Landore to remain focused on the development of its highly prospective Junior Lake property", said CEO Bill Humphries in a statement.The cash consideration to be received by Landore would be applied towards its working capital requirements, Landore confirmed.
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13 Apr 2023 14:21

Landore reports success from Junior Lake soil sampling

(Sharecast News) - Landore Resources announced the successful completion of its 2023 soil sampling programme along the Junior Lake Property's west strike on Thursday, revealing highly anomalous gold occurrences and trends.

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6 Mar 2023 17:23

Landore Resources sells stake in lithium project to Green Technology

(Alliance News) - Landore Resources Ltd confirmed on Monday it has sold an 80% interest in the lithium prospects contained within the Junior Lake Project to Green Technology Metals Ltd.

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3 Feb 2023 21:15

TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

(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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25 Jan 2023 20:03

TRADING UPDATES: Appreciate gets court date; Corcel completes sale

(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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12 Jan 2023 21:20

TRADING UPDATES: Arkle finds pegmatites; Apollon win license deal

(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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17 Nov 2022 13:19

Landore completes drilling and exploration programme in Ontario

(Alliance News) - Landore Resources Ltd announced on Thursday it has completed its drilling and exploration programme in Ontario, Canada.

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17 Nov 2022 10:25

AIM WINNERS & LOSERS: Ceres Power falls on delays to Chinese JVs

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

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31 Oct 2022 21:00

TRADING UPDATES: Goldplat sells shares; Chill Brands starts campaigns

(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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24 Oct 2022 14:35

IN BRIEF: Landore Resources to receive CAD3 million for Root Lake sale

Landore Resources Ltd - Mining exploration and development company in Canada - Finalises and executes Extinguishment Agreement with Green Technology Metals Ltd for CAD3 million, or USD2.2 million. Green Technology Metals will extinguish half of Landore's 3% net smelter royalty over the Root Lake property in Ontario, Canada. In return Green Technology has agreed to pay Landore CAD2 million in cash.

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10 Oct 2022 13:50

IN BRIEF: Landore Resources sells part of Root Lake Project stake

Landore Resources Ltd - BAM gold project at Junior Lake in Ontario, Canada - Completes binding agreement with Green Technology Metals Ltd. Says Green Technology will buy back and extinguish 50% of Landore's 3% net smelter royalty interest over the Root Lake Project for CAD2 million in cash.

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30 Sep 2022 21:57

EARNINGS UPDATES: Ross Group, Goldstone, Caerus interim loss widens

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

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20 Jul 2022 12:12

IN BRIEF: Landore Resources to start diamond drilling in Canada

Landore Resources Ltd - BAM gold project at Junior Lake in Ontario, Canada - Announces it will start drilling for diamonds next Tuesday on the Felix-Lamaune areas at its Junior Lake property.

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15 Jul 2022 15:50

UK shareholder meetings calendar - next 7 days

Monday 18 July 
Audioboom Group PLCAGM
JPMorgan European Discovery Trust PLCAGM
Tuesday 19 July 
Biotech Growth Trust PLCAGM
Clean Power Hydrogen PLCAGM
e-Therapeutics PLCAGM
Norcros PLCAGM
Ten Lifestyle Group PLCGE re commitment to sustainability, B Corp certification
Wednesday 20 July 
ADM Energy PLC AGM
Alkemy Capital Investments PLCAGM
DeepVerge PLCAGM
easyJet PLCGM re purchase of 56 Airbus A320neo family aircraft & conversion of 18 A320neo family aircraft
Fidelity China Special Situations PLCAGM
HarbourVest Global Private Equity LtdAGM
HICL Infrastructure PLCAGM
Novacyt SAAGM r
Plaza Centers NVAGM
Premier Foods PLCAGM
Royal Mail PLCAGM
Triad Group PLCAGM
Wynnstay Properties PLCAGM & GM re share buyback
Thursday 21 July  
Big Yellow Group PLCAGM
Evgen Pharma PLCAGM
Experian PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
Johnson Matthey PLCAGM
Octopus AIM VCT PLCAGM
Pennon Group PLCAGM
Pires Investments PLCGM re offer from Tern PLC
QinetiQ Group PLCAGM
SSE PLCAGM
Tern PLCGM re offer for Pires Investments PLC
Vp PLCAGM
Workspace Group PLCAGM
Zephyr Energy PLCAGM
Friday 22 July  
Chesterfield Resources PLCAGM
Homeserve PLCGM re offer by affiliates of Brookfield Infrastructure Partners LP
JD Sports Fashion PLCAGM
Landore Resources LtdAGM
President Energy PLCAGM
United Utilities Group PLCAGM
WANdisco PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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5 Jul 2022 15:29

IN BRIEF: Landore Resources gains GBP37,000 from warrant exercise

Landore Resources Ltd - BAM gold project at Junior Lake in Ontario, Canada - Receives GBP37,037 following an exercise of warrants totalling 185,185 shares.

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1 Jul 2022 20:05

TRADING UPDATES: Capital wins contracts; 4D pharma pauses enrolment

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

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