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Pin to quick picksMetalnrg Plc Share News (MNRG)

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TRADING UPDATES: Alternative Income quarterly net asset value drops

Fri, 05th May 2023 14:41

(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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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says Chief Financial Officer Neil Carrick departs the firm as director and company secretary with immediate effect. He joined the firm in 2011 as finance director until November 2020, when he stepped down as CFO. He returned as CFO on January 1 this year.

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Unicorn Mineral Resources PLC - explorer for copper, lead, zinc and silver in Irish midlands - Plans to mobilise a drilling rig to its Kilmallock property next week. Says this phase will consist of an initial 6-hole drilling programme, comprising of about 1,250 metres of drilling. This is expected to take around 12 weeks to complete. Chief Executive Officer Richard O'Shea says: "I am looking forward to an active drilling programme on Unicorn's Kilmallock property in the Limerick Basin and I am delighted that we can now commence a drill programme. The property has had some positive results from previous drilling and is located 20km south of the Pallas Green project owned by Glencore."

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MetalNRG - investor in natural resources and energy - Notes encouraging results from phase 1 Gold Ridge Gold mine property in Arizona, which showed the largest gold anomalies were found in historical areas mined for gold. Says it will now complete further soil geochemistry sampling on the remaining untested areas. Looking ahead, MetalNRG now plans to complete 400 additional geochemical samples in phase 2. Says it is keen to further develop its plan and work towards identifying drilling targets.

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First Class Metals PLC - Canada-focused mineral explorer - Collects a total of 478 soil samples from 11 predominantly subparallel, north - south soil lines in 2022 on the Esa property. Says the sampling confirms the potential for gold mineralisation. CEO Marc J Sale says: "The results continue to build a picture of potential gold mineralisation associated with robust structures adding credence to the shear zone theory. We are very encouraged with the correlation between these results and the previously announced geophysical interpretation."

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Alternative Income REIT PLC - London-based real estate investment company focused on inflation-linked income return - Says net asset value as at March 31 amounts to 83.5 pence per share, down 0.9% from 84.3p on December 31. Portfolio value on March 31 falls by 0.7% to GBP106.7 million from GBP1.7.4 million on December 31. Total NAV return in the quarter is 0.7%, compared to a negative return of 11.6% in the previous quarter. Declares a quarterly dividend of 1.375 pence per share. Looking ahead, says it is confident that it will achieve its dividend target for this financial year ending on June 30, which is 5.7 pence per share, and that it is well positioned for the future.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
9 Feb 2024 09:18

IN BRIEF: MetalNRG raises GBP220,000 via convertible loan notes issue

MetalNRG PLC - London-based natural resources and energy-focused investor - Raises GBP223,000 via issue of convertible loan notes carrying a 15% annual coupon and convertible upon the earlier of the company completing a reverse takeover or two years from today. Says the proceeds raised through the issue, alongside an additional unsecured short-term loan of GBP150,000, will be used to undertake specific due diligence work on projects identified as potential reverse takeover targets and for general corporate purposes.

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24 Jan 2024 17:41

TRADING UPDATES: MetalNRG's legal settlement; Impellam confirms payout

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

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16 Jan 2024 14:03

UPDATE: Eqtec forms joint venture with CompactGTL for sustainable fuel

(Alliance News) - Eqtec PLC on Tuesday said it has entered a joint venture agreement with CompactGTL Ltd for renewable synthetic fuels.

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16 Jan 2024 10:55

Eqtec shares soar as MetalNRG hails loan drawdown for Italy plant

(Alliance News) - MetalNRG PLC on Tuesday congratulated Eqtec PLC as the latter celebrated the pending drawdown of a loan to finance its plant in Tuscany.

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9 Nov 2023 13:47

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

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

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29 Sep 2023 14:19

EARNINGS AND TRADING: Barkby revenue dips; Ixico hurt by trial delays

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

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29 Sep 2023 11:22

SMALL-CAP WINNERS & LOSERS: Hydrogen Utopia up as taps cannabis market

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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4 Sep 2023 11:28

MetalNRG eyes reverse takeover amid focus on mining; gets Italy loan

(Alliance News) - MetalNRG PLC on Monday said it has decided to focus on mining gold and copper, alongside other precious and strategic metals required for energy transition and new technology.

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14 Aug 2023 10:14

IN BRIEF: MetalNRG notes Lake Victoria Gold's sale of Imwelo project

MetalNRG PLC - London-headquartered investor in natural resources and energy - Notes Victoria Gold Ltd's proposed sale of its Imwelo Gold project to Vancouver-based mineral exploration company, Tembo Gold Corp under a licence purchase agreement. MetalNRG owns a minority equity interest in the Milton, Australia-based gold and mineral exploration company, Lake Victoria Gold. Says Tembo Gold will acquire Imwelo through its subsidiary Tembo Gold Tanzania Ltd. Says the offer is subject to "a number of conditions." Tembo Gold is a Vancouver-based mineral exploration company with a focus on Tanzania.

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21 Jul 2023 15:38

UK shareholder meetings calendar - next 7 days

Monday 24 July 
Barryroe Offshore Energy PLCEGM re proposed cancellation of admission to trading on AIM
Cranswick PLCAGM
discoverIE Group PLCAGM
MobilityOne LtdAGM
Plus500 LtdEGM to authorise share re-purchase
TClarke PLCGM re necessary resolutions to shareholders for placing of new ordinary shares
WANdisco PLCGM re increase of share capital
Tuesday 25 July 
ADM Energy PLCAGM
Atome Energy PLCAGM
B&M European Value Retail SAAGM
GlobalData PLCGM re capital reorganisation
JZ Capital Partners LtdAGM
MITIE Group PLCAGM
Molecular Energies PLCAGM
Polymetal International PLCAGM
Safestay PLCAGM
Verditek PLCAGM
Vodafone Group PLCAGM
Wednesday 26 July 
Aquila Services Group PLCAGM
Blackstone Loan Financing LtdAGM
BP Marsh & Partners PLCAGM
Eurasia Mining PLCAGM
Molten VenturesAGM
Motorpoint Group PLCAGM
NewRiver REIT PLCAGM
Ninety One PLC and LtdAGM
Norcros PLCAGM
Oracle Power PLCAGM
Palace Capital PLCAGM
ProBiotix Health PLCAGM
Seeen PLCAGM
Silverwood Brands PLCAGM
Triad Group PLCAGM
Water Intelligence PLCAGM
Zephyr Energy PLCAGM
Thursday 27 July 
Foresight Group Holdings LtdAGM
Marks Electrical Group PLCAGM
Silver Bullet Data Services Group PLCAGM
Friday 28 July 
African Pioneer PLCAGM
Bezant Resources PLCAGM
Braveheart Investment Group PLCAGM
Cordiant Digital Infrastructure LtdAGM
DP Poland PLCAGM
Intuitive Investments Group PLCGM re proposals on investment strategy
Jangada Mines PLCAGM
Mercantile Ports & Logistics LtdAGM
MetalNRG PLCAGM
Northern 2 VCT PLCGM re party transaction
Polymetal International PLCGM re delisting
R&Q Insurance Holdings LtdAGM
Science in Sport PLCAGM
Urban Logistics REIT PLCAGM
Xtract Resources PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Jul 2023 10:53

MetalNRG loss widens amid legal troubles and operational optimism

(Alliance News) - MetalNRG PLC on Monday said its pretax loss increased last year alongside "time consuming" legal issues which it said were "a drain on [our] finances," but also reported operational successes during the same period.

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23 Jun 2023 12:11

IN BRIEF: MetalNRG says EQTEC Italy JV completes handover protocols

MetalNRG PLC - investor in natural resources and energy - Confirms EQTEC Italia, its Italy-based waste-to-energy plant joint investment with London-based technology firm EQTEC PLC and two family offices, has completed handover protocols to EQTEC Italia and is transferring plant operations to EQTEC Italia MDC srl.

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3 May 2023 12:40

IN BRIEF: MetalNRG receives GBP500,000 from court settlement

MetalNRG PLC - investor in natural resources and energy - Receives GBP545,000 from a court settlement, due back from BritNRG Ltd and Brit Energy Holdings LLP. In February, BritNRG and Brit Energy were ordered to pay GBP1.0 million in pay and damages to MetalNRG.

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28 Apr 2023 18:06

TRADING UPDATES: Glanbia sells EUR178.9 million mozzarella assets

(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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