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Pin to quick picksLandore Share News (LND)

Share Price Information for Landore (LND)

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Share Price: 2.75
Bid: 2.60
Ask: 2.90
Change: -0.025 (-0.90%)
Spread: 0.30 (11.538%)
Open: 2.775
High: 2.775
Low: 2.75
Prev. Close: 2.775
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TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

Fri, 03rd Feb 2023 21:15

(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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Aura Energy Ltd - Australia-based minerals company with polymetallic and uranium projects in Europe and Africa - Completes of the infill drilling program at the Tiris project of 11,600 metres. Continues to progress the optimised feasibility study targeting a 3 million pounds of triuranium octoxide, which is expected to be completed in the first quarter of 2023. Starts the front-end engineering design of Tiris.

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Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Reports revenue of GBP945,000 in the half-year to December 31, up 50% from GBP629,000 a year before. Loss before interest, tax, amortization, and depreciation narrows to GBP789,000 from GBP1.3 million a year before. "The interim results show a return to growth compared to the corresponding period last year, as we benefit from long-term contracts secured earlier. We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses. We are managing the business to balance the requirements of growth opportunities while maintaining adequate cash reserves," Chair Ian Buddery says.

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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says the court meeting and the general meeting in relation to its acquisition by Nucleus Clyde Acquisition Ltd will be held on February 27.

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Landore Resources Ltd - Mining exploration and development company in Canada - Receives a further payment of CAD251,824, or GBP156,031, under the option agreement with Lithoquest Resources Inc. Also gets 2.2 million shares in Storm Exploration Inc worth CAD248,176. Agrees to amend the terms of the option agreement so that Storm can acquire a 100% stake in the Miminiska Lake and Keezhik Lake properties in the Thunder Bay Mining district, Northern Ontario by making staged payments to Landore totalling CAD1.6 million in cash and an additional CAD2.4 million either in cash or by issuing new shares.

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Milton Capital PLC - capital market company - Changes the date of the end of its financial year immediately to January 31 from September 30. Explains that the change was necessary as a result of changes to audit regulations by the FRC regarding Public Interest Entities.

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Jade Road Investments Ltd - Hong Kong-based investment vehicle - Intends to raise equity finance of up to USD1.8 million by issuing 191.3 million new shares at a price of GBP0.0075 per share.

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GreenX Metals Ltd - developing Arctic Rift copper project in Greenland - Says that the hearing for international arbitration claims against Poland under both the Energy Charter Treaty and the Australia-Poland Bilateral Investment Treaty concluded. Says that it has funded the claim proceedings under its USD12.3 million litigation funding agreement. As at December 31, cash amounts to AUD2.6 million, or GBP1.5 million, with a further AUD6.1 million available to fund claim related costs under the LFA.

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Sovereign Metals Ltd - Perth, Australia-based, Malawi-focused mining company - Advances with the pre-feasibility study for the Kasiya rutile project. It will build on the expanded scoping study, which confirmed Kasiya "as potentially one of the world's largest and potentially lowest cost producers of natural rutile and natural graphite". Completes a 4,660 metre, 191-hole deeper air-core and 2,206 metres, 247-hole push tube mineral resource infill drilling programme. Says that it confirmed the consistency of high-grade rutile and graphite mineralisation at depth. Plans to demerge its standalone Graphite projects into a 100%-owned subsidiary, NGX Ltd, then do an in-specie distribution.

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Associated British Engineering PLC - Cambridge-headquartered engineering services firm - Swings to a pretax profit of GBP5,440 in the year to September 30, from a loss of GBP86,572 a year prior. Records no revenue, unchanged from a year before. Does not recommend the payment of a dividend. Says that the trading outlook for the group remains "unpredictable", due to the requirement to identify a trading business in the midst of a global pandemic.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Apr 2022 13:38

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Landore reports exploration progress at Junior Lake

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Landore buys half of remaining smelter return at Lamaune Lake

(Sharecast News) - Landore Resources announced on Monday that its wholly-owned subsidiary Landore Resources Canada has entered into an agreement to acquire half of the 2% net smelter returns royalty that is held on its 90.2%-owned Lamaune Lake Property in Ontario.

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24 Apr 2020 13:46

Landore raises ?0.2m with new and existing investors

(Sharecast News) - Landore Resources has raised ?0.2m through the issue of 38,518,519 subscription securities, it announced on Friday, each of which would comprise one ordinary share and one 1p warrant, at a price of 0.675p each.

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13 Nov 2019 12:43

Landore Resources Subsidiary Lamaune Iron Gets Two New Mining Leases

Landore Resources Subsidiary Lamaune Iron Gets Two New Mining Leases

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21 Oct 2019 11:38

Landore Resources upbeat on latest drilling at BAM Gold Deposit

(Sharecast News) - Landore Resources updated the market on its progress with its summer drilling and exploration programme on its BAM Gold Deposit on the Junior Lake Property in Ontario, Canada on Monday, reporting that all assay results with associated drilling information had now been received and forwarded to Cube Consulting of Perth, Australia.

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18 Sep 2019 15:01

Landore Resources raises ?0.47m as it expands exploration programme

(Sharecast News) - Landore Resources has raised gross proceeds of £0.47m through a subscription of 64,827,586 new ordinary shares at a price of 0.725p each, it announced on Wednesday, with certain existing shareholders.

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18 Sep 2019 14:35

Landore Resources Gets Further Support From CEO, Major Shareholder

(Alliance News) - Landore Resources Ltd has raised nearly GBP500,000 to help fund continued exploration work in Canada.Landore placed 64.8 million new shares at a price of 0.725 pence each,

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4 Sep 2019 14:50

Landore Resources Finds Further Evidence Of Gold At Canadian Deposit

(Alliance News) - Landore Resources Ltd on Wednesday said a now-finished drilling programme in Canada has found similar gold intersections to those found previously.Landore has finished 24

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15 Aug 2019 10:49

Landore Resources Interim Loss Narrows; Plans To Issue More Shares

(Alliance News) - Landore Resources Ltd on Thursday said its first-half results were "in line with expectations", as it posted a sharply narrowed loss on lower exploration North precious

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3 Jul 2019 10:46

Landore Resources Raises GBP250,000 To Fund Exploration Programme

(Alliance News) - Landore Resources Ltd on Wednesday said it has raised GBP250,000 through a share subscription with James Hudleston, an existing investor in the company.The mineral firm at

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19 Jun 2019 11:58

Landore Resources 2018 Loss Narrows As Administrative Expenses Fall

(Alliance News) - Landore Resources Ltd on Wednesday said its loss narrowed in 2018 due to a reduction in both exploration costs and administrative expenses.The gold miner's pretax loss

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