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Pin to quick picksMineral & Fin Share News (MAFL)

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Share Price: 12.00
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Change: 1.00 (9.09%)
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TRADING UPDATES: Zephyr Energy sales fall in third quarter

Thu, 16th Nov 2023 04:30

(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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Knights Group Holdings PLC - Newcastle-under-Lyme, Staffordshire-based legal and professional services firm - Appoints David Wilson as non-executive chair with immediate effect. Says Wilson is currently non-executive chair at LBG Media PLC, and is former deputy chief executive of GB Group PLC. Wilson also has previous roles as chief financial officer and chief operating officer at EnviroFone Group. Notes that Wilson succeeds Bal Johal, who is stepping down after 12 years. Chief Executive David Beech says: "We are delighted to welcome Dave to Knights. He brings to our board a wealth of experience in scaling businesses organically and through acquisitions gained over a long and successful career across a number of listed and private companies. I look forward to working closely with him as we continue to deliver on our strategy of further strengthening our position as a diversified, premium provider of legal and professional services with national scale."

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Zephyr Energy PLC - Rocky Mountains-focused oil and gas company - Says third quarter 2023 Williston Basin project revenue fell 15% to USD6.0 million, down from USD7.1 million in the second quarter. Says sales volumes fall 25% to 1,043 barrels of oil equivalent per day, from 1,385 barrels per day in the second quarter. Notes that average sale price of oil increased to USD64.35 in the quarter, from USD56.64. Says third quarter operating income rose 2.4% to USD4.3 million, from USD4.2 million in the previous quarter. Chief Executive Coplin Harrington comments: "Our non-operated assets continue to deliver strong and robust cash flows, allowing Zephyr to continue to fund investment and growth across both our operated and non-operated portfolios."

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Red Rock Resources PLC - Africa, South America and Australia-focused natural resource exploration and development company - Says 200 tonnes of lithium ore have been prepared for export, with the first truck having left Harare, Zimbabwe, for the port of Beira in Mozambique. Chair Andrew Bell says: "We are now beginning to export lithium ore from Zimbabwe and expect this to be a growing part of the company's business. We continue in parallel to pursue the consolidation and improvement of our lithium estate and the permitting of additional areas, in order to create long-term visibility of earnings."

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Northern Bear PLC - Newcastle, England-based building services firm - Says tender offer approved for the buyback of up to 5.0 million shares at 62 pence each, worth GBP1.3 million. Notes that Non-Executive Chair Jeff Baryshnik reigns with immediate effect. Non-Executive Director Harry Samuel becomes interim chair.

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Mineral & Financial Investments Ltd - investment company focused on natural resources sector - Says Redcorp Empreedimentos Mineros Lda and Ascendant Resources Inc are finalising metals purchase and sale deal with Sprott Resource Streaming & Royalty Corp. Says the deal includes an increased USD4 million deposit against future production at its Lagoa Salgada VMS project in Portugal. Says the deal will increase the stream percentage to 2.75% of gross metals, from 1.75%. Adds that amendments are expected to be funded on November 29. M&F owns a 20% carried interest in Redcorp, Ascendant owns the remaining stake.

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Harland & Wolff Group Holdings PLC - London-based fabrication company, which serves the maritime and offshore industries from yards in England, Northern Ireland and Scotland - Says Islandmagee gas storage project appeal hearing will take place on February 6 and February 7 2024. Says it is of the "firm belief" that any appeal will hold no merit, as the claims have been rejected by the judicial review judgement on all five grounds. Notes that applicant has reduced grounds to two for this appeal. Islandmagee is a salt cavern gas storage facility in Antrim, Northern Ireland. The company obtained a marine licence for the project from Northern Ireland's Department of Agriculture, Environment & Rural Affairs in November 2021.

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Zegona Communications PLC - London-based investor in European telecommunications, media and technology sector - Says it has raised GBP484,272 via an offer of 322,848 new shares at 150 pence each. Says proceeds will be used to fund its acquisition of the Spanish arm of Vodafone Group PLC.

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Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer and manufacturer - Says financing discussions continue to progress. Adds that it has sufficient cash until the week beginning November 27, but that it will not be sufficient to finance the company through to the satisfaction of the conditions and to the completion of its proposed GBP2.5 million subscription. Says if discussions do not end positively, it will likely be unable to meet its financial obligations and will be forced into administration.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 May 2023 15:42

IN BRIEF: Mineral & Financial raises GBP250,000 via new shares placing

Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on natural resources sector - Places 1.2 million shares at 1.0 pence each at a placing price of 21.0p per share. Net funds will be used for investment opportunities the company is reviewing. The company has issued 250,000 shares to Novum Securities Ltd in settlement of historic broking retainers fees.

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3 May 2023 11:37

IN BRIEF: Mineral & Financial notes positive results at Portugal site

Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on the natural resources sector - Notes investment update from Redcorp Empreedimentos Mineiros Lda with metallurgical test results as part of wider ongoing tests to be included in a feasibility study for the Venda Nova deposit at the Lagoa Salgada project in Portugal. The feasibility study is targeted for completion this month.

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28 Apr 2023 19:38

TRADING UPDATES: Mineral & Financial buys stake in Mexican mining firm

(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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30 Mar 2023 18:39

EARNINGS UPDATES: Ironveld sees interim pretax loss widen on costs

(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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3 Mar 2023 15:45

UK shareholder meetings calendar - next 7 days

Monday 6 March 
Gfinity PLCGM re fundraising
Logistics Development Group PLCGM re capital reduction, change of investing policy and share buyback
Tuesday 7 March 
Blackrock Income & Growth Investment Trust PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Wednesday 8 March 
Amigo Holdings PLCGM re the company's capital position
boohoo Group PLCGM re adoption of the Growth Plan
Creo Medical Group PLCGM re open offer shares
Globalworth Real Estate Investments LtdEGM re grant options and script dividends
Jersey Electricity PLCAGM
Thursday 9 March 
CT Capital & Income Investment Trust PLCAGM
Shoe Zone PLCAGM
WAG Payment Solutions PLCGM re proposed acquisition of Inelo
Friday 10 March 
Atrato Onsite Energy PLCAGM
Malin Corp PLCAGM
Mineral & Financial Investments LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Feb 2023 21:31

Mineral & Financial's Golden Sun strikes deal to boost BellaVista

(Alliance News) - Mineral & Financial Investments Ltd on Wednesday said its investee Golden Sun Resources Ltd has closed a streaming financing package worth USD10 million.

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9 Feb 2023 14:23

Mineral & Financial says second drill rig mobilised at Lagoa Salgada

(Alliance News) - Mineral & Financial Investments Ltd on Thursday said 50% owned Redcorp Empreendimentos Mineiros Lda has mobilised a second drill rig to begin drilling at the Lagoa Salgada project, Portugal.

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3 Feb 2023 15:17

TRADING UPDATES: GCP Infra hails NAV rise; Jadestone profits from oil

(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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23 Dec 2022 14:28

Mineral & Financial annual profit drops as administrative costs jump

(Alliance News) - Mineral & Financial Investments Ltd on Friday said its profit declined in its recent financial year, as expenses increased.

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9 Dec 2022 10:55

Mineral & Financial subsidiary secures cash investment for asset

(Alliance News) - Mineral & Financial Investments Ltd on Friday said its subsidiary has received a cash payment from Ascendant Resources Inc, in the first of two instalments related to its Portuguese mining investment.

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5 Dec 2022 14:33

IN BRIEF: Mineral & Financial notes Redcorp's Venda Nova finds

Mineral & Financial Investments Ltd - Investor in natural resources sector - Announces exploration results from investee Redcorp Empreedimentos Mineiros Lda, an operator of an exploration & development company, engaged in Lagoa Salgada project in Portugal.

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2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

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

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28 Nov 2022 12:38

Mineral & Financial shares surge on funding for Lagoa Salgada project

(Alliance News) - Mineral & Financial Investments Ltd on Monday noted developments in the financing package for the Lagoa Salgada VMS project in Portugal.

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10 Nov 2022 15:52

TRADING UPDATES: Vertu Motors sizes up acquisition; Ondo's Hiscox deal

(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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14 Sep 2022 16:06

IN BRIEF: Mineral & Financial's Ideon stake valued at CAD1.4 million

Mineral & Financial Investments Ltd - Cayman Islands-based investment company - Announces that portfolio firm Ideon has received USD15 million equity investment from Silicon Valley venture capital firm Playground Global. Playground will own 20% of Ideon. The value of Ideon, M&F notes, has increased more than nine times in two years. Based on this financing, M&F's 1.4% stake will be valued at CAD1.4 million.

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