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TRADING UPDATES: Fulcrum hails Big Bear find; Aminex's Ruvuma progress

Thu, 02nd Mar 2023 17:24

(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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Aminex PLC - oil & gas investment company focused on Tanzania - Plans to accelerate production at Ruvuma asset in Tanzania have continued, with October 2023 now the target for production of first gas. "This acceleration in the gas production schedule will result in earlier gas revenues to the company (Q4 of 2023), decoupling the production of first gas from the spudding of the CH-1 well," Aminex says. Scirocco Energy PLC, which in Augus announced sale of 25% stake in Ruvuma, notes the announcement.

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Neometals Ltd - minerals and materials project development company - Strikes deal to formalise firm's 50% ownership of vanadium recovery joint venture company Recycling Industries Scandinavia AB. Gives Neometals right to appoint chair with casting vote. Remaining stake is owned by Scandinavian Resources Pty Ltd. Neometals subsidiary Ecometals immediately injects AUD3 million, GBP1.7 million, to fund exploration activities. Scandinavian Resources has until March 31 to match that investment to keep its 50% stake. If it does not, Neometals will own 75%.

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Good Energy Group PLC - Wiltshire, England-based supplier of renewable power and energy services - Begins domestic rooftop solar installation, just two months after sealing buy of Igloo Works. "This is a significant milestone and demonstrates how the acquisition of Igloo Works provides Good Energy with a platform to execute the company's strategy to expand its decentralised energy services offering and rapid consolidation of Good Energy's leading role in the solar space," Good Energy says. "The company has identified a key target segment of over 250,000 households considering a solar installation by 2026. In 2022, UK installations doubled to over 130,000 with high energy prices driving increased interest in households generating their own power."

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Fulcrum Metals PLC - multi-commodity minerals exploration company - Hails "successful" results from exploration of Big Bear property at Schreiber-Hemlo project area. "A total of 45 rock samples were collected for assay, with results confirming prospectivity, including high-grade gold results," Fulcrum says. Chief Executive Officer Ryan Mee says: "I am delighted to report on the successful exploration programme at the Big Bear property within our Schreiber - Hemlo project and our first announcement since listing on AIM last month." Panther Metals PLC, which holds a 2% net smelter return on Big Bear, notes announcement. Panther also has 20% interest in Fulcrum.

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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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2 Jan 2024 12:11

IN BRIEF: Panther Metals rises amid expectations for growth in 2024

Panther Metals PLC - Canada-focused mineral exploration company - Says it is "well positioned" for accelerated growth in 2024. Chief Executive Officer Darren Hazelwood said: "External factors, such as the continued drive towards decarbonisation, renewable energy and electric vehicles has resulted in a global shift towards securing access to critical raw materials and metals, creating a favourable environment that Panther will leverage given our geographic positioning to serve the North American market." It also places "strategic emphasis" on the Obonga project situated within the highly prospective Obonga greenstone belt.

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29 Dec 2023 11:16

Panther Metals takes options on mining claims to extend Obongo project

(Alliance News) - Panther Metals PLC on Friday said it has agreed to a purchase option over 35 single-cell mining claims in Ontario, Canada.

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20 Dec 2023 12:13

IN BRIEF: Panther Metals cancels loan notes as project under budget

Panther Metals PLC - Canada-focused mineral exploration company - Gives update on financing arrangements. On November 20, agreed to issue in aggregate GBP300,000 in face value of 15% unsecured loan notes with a 12 month maturity, and warrants attached on a one-for-one basis with an exercise price of 3.3 pence each. The proceeds were meant to be used to fund Panther's inaugural diamond drilling programme at the Manitou Lakes project in Ontario, Canada.

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5 Dec 2023 18:09

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

(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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30 Nov 2023 19:57

EARNINGS AND TRADING: Lendinvest completes securitisation

(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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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(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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21 Nov 2023 14:27

IN BRIEF: Panther Metals starts diamond drilling at Manitou Lakes

Panther Metals PLC - Canada-focused mineral exploration company - Starts diamond drilling programme at Manitou Lakes project to target gold mineralisation at the Glass Reef target. Says option partner Shear Gold Exploration Corp is providing geological oversight and logistical management. Chief Executive Officer Darren Hazelwood says: "I am delighted to report that the inaugural drilling programme on the Manitou Lakes project has now commenced with the drill rig arriving at the roadhead and the drilling contractor commencing ground access and preparation work at the Glass Reef target."

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20 Nov 2023 18:23

TRADING UPDATES: Eqtec to restucture; Bushveld to sell Cellcub stake

(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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15 Nov 2023 14:28

IN BRIEF: Panther Metals says metallurgical tests complete at Coglia

Panther Metals PLC - Canada-focused mineral exploration company - Says Australian arm Panther Metals Ltd has received all assays from the recent drilling programme on the periphery of a nickel-cobalt mineral resource estimate at the Coglia project in Western Australia. Panther Australia has also completed Stage 1 metallurgical test work which identified sulphuric acid as the optimal reagent for a heap leaching operation. Stage 2 work has now commenced. Panther Australia, in which Panther Metals has a 23.54% shareholding, will in due course initiate a scoping study to provide an economic valuation of Coglia.

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1 Nov 2023 14:31

IN BRIEF: Panther Metals Chief Operating Officer resigns

Panther Metals PLC - Canada-focused mineral exploration company - Says Chief Operating Officer Mitchell Smith resigned on Tuesday, as well as non-executive director Kate Asling. Says Katherine O'Reilly and Tracy Weslosky have been appointed non-executive directors, effective immediately.

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30 Oct 2023 17:45

TRADING UPDATES: Versarien "pleased"; D4t4 first-half revenue rises

(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 2023 17:27

EARNINGS AND TRADING: Fiske swings to profit, Aterian starts Rwanda JV

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

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3 Oct 2023 14:17

Fulcrum Metals increases Charlot-Neely Lake uranium-gold project stake

(Alliance News) - Fulcrum Metals PLC on Tuesday said it is increasing its stake in the Charlot-Neely Lake uranium-gold project in northern Saskatchewan by 63%.

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27 Sep 2023 16:06

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

(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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25 Sep 2023 13:50

Panther Metals celebrates drill assays, swings to half-year profit

(Alliance News) - Panther Metals PLC on Monday said it swung to a profit in its latest half year and made strong progress on its exploration projects, although it remains reliant on future fundraising.

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