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Pin to quick picksPanther Metals Share News (PALM)

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

Mon, 30th Oct 2023 17:45

(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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Versarien PLC - Cheltenham, England-based engineering materials company - Says "turnaround continues" and "commercial progress" being made in areas of leisure and construction. "In the leisure area, discussions have been held with a number of potential new customers for the company's graphene-wear coatings in recent weeks. In construction, in addition to a number of ongoing Cementene trials, the company is engaged in the production of additional 3D printed concrete structures and Versarien's participation in the Digital Roads of the Future and Roads Research Alliance programmes is generating further potential opportunities, including the potential use of graphene in asphalt resurfacing," it adds. "We are pleased with the increasing level of commercial engagement in both of the company's core areas of leisure and construction. The company's strategy, which is focused on a light manufacturing model, is progressing as planned and we look forward to updating shareholders on further progress in due course."

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D4t4 Solutions PLC - Middlesex, England-based data management platform - Says results for first half to September 30 to be in line with management expectations, with revenue of GBP13.0 million, up from GBP8.1 million a year prior. Expects to swing to adjusted pretax profit of GBP200,000, from loss of GBP1.3 million. "We have made progress as we continue to convert our improving sales pipeline, while the outcome was also assisted by the revenues related to the delays in contract signings at the previous year end, which were signed during this period," it says. Expects full-year performance in line with expectations.

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Asiamet Resources Ltd - focused on copper, gold and polymetallic assets in Indonesia - Updates on BKM copper project in Indonesia. Says final version of the independent technical expert report from SRK Consulting has been issued and delivered to lead bank. "The bank will now commence its commercial and financial analysis leading to the request for initial credit committee approval to act as lead arranger for the BKM project debt finance," Asiamet says. "Pathway meetings for completion of prospective lead bank credit committee approvals have been held and remain ongoing. All parties are focused on delivering this initial approval before end of this calendar year." On possible offtakes, Asiamet says talks continue, with detailed review of indicative term sheet completed, and feedback to be provided to an international metals trading group. "Several prospective prepayment finance providers remain actively engaged with another two groups recently commencing diligence," it adds.

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Panther Metals PLC - investor in mining companies - Notes announcement from investee Panther Metals Ltd, which says "significant gold intercepts" found amid aircore drilling campaign undertaken over the Ridge target within the 40 Mile Camp prospect in Australia. Panther Metals PLC adds: "The drill intercepts also validate the need to follow-up on the deeper three-dimensional geophysics inversion targets in the area and provide significant confidence to the wider exploration model for the 40 Mile Camp and 40 Mile Camp East prospect areas." It has just shy of a 24% stake in Panther Metals Ltd.

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Electric Guitar PLC - Reading, England-based digital marketing - Enters into deal with Sanderson Capital Partners Ltd, a 19% shareholder, for provision of loan facility to company. Says GBP250,000 to be provided, GBP150,000 satisfied through issue of shares on repayment date. Repayment date will be earliest of six months or date of admission to AIM. It is currently Main Market listed.

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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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13 May 2024 20:46

IN BRIEF: Panther Metals investee reports Coglia study results

Panther Metals PLC - investor in and acquirer of companies within the natural resource sector - Notes Panther Metals Ltd reports scoping study results for the Coglia and cobalt project in Western Australia. Panther Metals PLC owns just under 24% of Panther Metals Ltd. Study shows a net present value, with an 8% discount, of AUD409 million, around GBP215.2 million.

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13 May 2024 15:52

Director dealings: Panther Metals chairman ups stake

(Sharecast News) - Panther Metals revealed on Monday that chairman Nicholas O'Reilly had acquired 179,529 ordinary shares in the London-listed mineral exploration company.

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7 May 2024 13:47

EARNINGS AND TRADING: Solid State and MTI Wireless win deals

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

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24 Apr 2024 16:02

EARNINGS AND TRADING: Nichols trading in line; Ondine revenue doubles

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

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22 Apr 2024 14:31

Panther Metals submits further exploration permit for Awkward drilling

(Alliance News) - Panther Metals PLC on Monday said it submitted a further exploration permit application for additional drilling on the Awkward Prospect at the Obonga project in Ontario, Canada.

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3 Apr 2024 12:51

Fulcrum Metals signs letter of intent for sale of uranium projects

(Alliance News) - Fulcrum Metals PLC on Wednesday announced that it signed a letter of intent to sell its Saskatchewan uranium projects.

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2 Apr 2024 13:24

Panther Metals looks to extend drilling at Canadian project

(Alliance News) - Panther Metals PLC on Tuesday said it had submitted an exploration permit application on a project in Canada.

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12 Mar 2024 16:06

IN BRIEF: Panther Metals disposes of two million Fulcrum Metals shares

Panther Metals PLC - Isle of Man-based investor in and acquirer of companies within the natural resource sector - Sells 2.3 million of its shares in Fulcrum Metals PLC at an average price of 15.2 pence each. Fulcrum is a Worcestershire, England-based metals explorer. Following the transaction, Panther now holds 7.6 million shares in the company, representing around 15% of its issued share capital.

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8 Mar 2024 20:03

TRADING UPDATES: Cindrigo seeks Croatian exploration licence extension

(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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1 Feb 2024 20:00

EARNINGS AND TRADING: Tandem FY sales down 17%; Hikma's opioid deal

(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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15 Jan 2024 14:16

Fulcrum Metals notes Dahrouge's year-end uranium-focused reports

(Alliance News) - Fulcrum Metals PLC said that Dahrouge Geological Consulting Ltd completed year-end reports on Fulcrum's Charlot-Neely and Fontaine Lake uranium properties.

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11 Jan 2024 10:31

IN BRIEF: Panther Metals shares rise on extra Obonga graphite assay

Panther Metals PLC - Canada-focused mineral exploration company - Announces updated graphite assay results for drill hole BBR22_AW-P1-1, based on additional samples targeting crystalline graphite at the Awkward prospect in its Obonga project, northwest Ontario. Results extend downhole intersection to 27.2 metres at 2.25% total graphitic carbon between 12 metres and 43.3 metres downhole. Company says historic data review notes graphite at surface and abundant in some units within the wider exploration area.

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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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