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Pin to quick picksPowerhouse Ener Share News (PHE)

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TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

Mon, 06th Nov 2023 14:26

(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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Trident Royalties PLC - mining royalty company - Reports quarterly receipts for the three months to September 30 fell 17% to USD1.9 million from USD2.3 million a year prior from exposure to gold, copper, and iron ore. Chief Executive Officer Adam Davidson says: "This has been another solid quarter for Trident, with two new transactions, good progress within our existing portfolio, and solid revenue generation. In the uncertain geopolitical environment, our diversified exposure has demonstrated its value, with our gold offtake revenue benefiting from higher gold prices and volatility. Our gold exposure will benefit further during the first half of 2024, with first gold expected at Equinox's Greenstone project, alongside ramping of production at other assets."

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Anglo-Eastern Plantations PLC - Indonesia and Malaysia-focused palm oil and rubber producer - Says in nine months to September 30, output for fresh fruit bunches fell 2% to 841,960 metric tonnes from 859,900. Says crude palm oil price ex-Rotterdam averages to USD983 per metric tonne in the year-to-date, up 33% from USD1,471 in the corresponding period in 2022. Looking ahead, expects CPO prices to be weak for the remaining part of the year as the industry enters a period of "more robust" crop production. "The reported high palm oil inventory, together with the abundance of other competitive vegetable oils, coupled with a lower demand from the major importers are likely to suppress any upward movement in CPO prices for the last quarter of 2023," it says.

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Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Says production in the third quarter of the year falls 1.6% to 1,000 metric tonnes vanadium from 1,016 a year prior. Year-to-date production grows 4.8% to 2,784 metric tonnes from 2,657. Sales in the three months to September 30 plunge to 647 metric tonnes from 1,034 in the corresponding quarter a year ago. Looking ahead, says it is on track to meet its output guidance for 2023 of 3,700 to 3,900 metric tonnes.

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Powerhouse Energy Group PLC - Bingley, England-based non-recyclable waste-to-energy conversion firm - Faces patent claim filed by GetGo Recycling Ltd, which was filed last month. Says claim is "entirely without merit", and states it had not had any direct dealings or any communication from GetGo, noting that it first became aware the claim had been filed via a third party. It also says there is no detail or information in the filing of the claim. Chair Antony Gardner-Hillman says: "As regards the European Patent Office Communication, I am advised by our patent attorneys there is no significance in this and that it is a normal procedural step when entitlement proceedings have been commenced in respect of a patent. As regards the proceedings themselves, we do not foresee any impact on PHE's ongoing work or interference with the company's business. We will deal with this as an ordinary day-to-day challenge of a kind I have seen and dealt with successfully before in my career, acting in the appropriate way and with due regard. I do not know the claimant company and I believe its action is intended to "soften" PHE as the targeted party before a follow-on approach on something unrelated. We shall wait and see whether this is the case and we shall respond accordingly."

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Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals, with projects in the US and Zambia - Completes exploration work on all of its copper projects in Zambia in the past 12 months, and says its objective to complete soil sampling on all its Zambian projects has been met, defining a series of high-grade copper-in-soil anomalies. Priority drill targets are now defined at three copper projects: Jacks, Mukai and Mushima North.

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Critical Metals PLC - Africa-focused mining investor - Says shares restored to trading on the London Stock Exchange, effective immediately. Its shares had been suspended from trading last week.

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Hydrogen Utopia and Powerhouse Energy re-agree to terms of Irish JV

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Powerhouse Energy subsidiary secures first production train contract

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Hydrogen Utopia and Powerhouse Energy agree joint venture in Ireland

(Alliance News) - Hydrogen Utopia International PLC and Powerhouse Energy Group PLC on Monday said they have reached agreement on a joint venture to develop a waste-to-hydrogen facility in north central Ireland.

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TRADING UPDATES: Plant Health eyes Mexico Saori launch; NARF wins deal

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

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22 Feb 2024 16:19

Powerhouse Energy signs five-year deal with National Hydrogen

(Sharecast News) - Powerhouse Energy Group announced a five-year framework agreement with Australia-based National Hydrogen on Thursday.

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22 Feb 2024 11:17

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(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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TRADING UPDATES: Smartspace extends deadline; EDX launches fundraising

(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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8 Dec 2023 11:03

Powerhouse Energy appoints acting finance chief on permanent basis

(Alliance News) - Powerhouse Energy Group PLC on Friday said it has appointed its acting chief financial officer on a permanent basis.

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27 Nov 2023 11:49

Powerhouse Energy confirms acting CEO Paul Emmitt as permanent

(Alliance News) - Powerhouse Energy Group PLC on Monday said Acting Chief Executive Officer Paul Emmitt will take on the top role permanently.

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IN BRIEF: Powerhouse Energy chair to resign, hires temporary successor

Powerhouse Energy Group PLC - Bingley, England-based non-recyclable waste-to-energy conversion firm - Non-Executive Chair Tony Gardner-Hillman says he intends to resign, agreeing to remain in position until December 15, when David Hitchcock will become temporary successor. Gardner-Hillman will also support acting Chief Executive Officer Paul Emmitt. Says the announcement of a permanent successor to Gardner-Hillman as chair will be made in "due course".

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Powerhouse Energy shares fall as defers Ireland joint venture

(Alliance News) - Powerhouse Energy Group PLC shares fell on Monday, after it said it has decided to defer further progress towards committing to the Longford non-recyclable waste plastic to hydrogen facility in Ireland.

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