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Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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Pin to quick picksPower Metal Share News (POW)

Share Price Information for Power Metal (POW)

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Share Price: 12.75
Bid: 12.00
Ask: 13.50
Change: 0.25 (2.00%)
Spread: 1.50 (12.50%)
Open: 12.50
High: 12.75
Low: 12.19
Prev. Close: 12.50
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AIM WINNERS & LOSERS: Alba Mineral rises on Clogau ownership deal

Tue, 23rd Aug 2022 10:59

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Alba Mineral Resources, up 15% at 0.185 pence, 12-month range 0.12p-0.3p. Agrees to take full ownership of the Clogau gold project in Wales. Alba also agrees to buy back a 3% net smelter return royalty owned by the vendor, reducing its royalty to 1%. Alba will pay GBP400,000 via the issue of 200 million of its shares at 0.2p each, being a 25% premium to Tuesday's closing price. "It is a measure of our confidence in the long-term prospects for the Clogau gold project that we have taken the opportunity to move to 100% ownership of the project," says Executive Chair George Frangeskides.

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Power Metal Resources PLC, up 9.5% at 1.643p, 12-month range 0.77p-2.31p. Says preparations for first Power Metal managed and operated diamond drill programme at Molopo Farms are "advancing at pace" and the start date for drilling to be announced soon. The drilling will target the core of the new conductor, immediately south of K1-6, with multiple drillholes planned of varying positions. Chief Executive Paul Johnson says firm is looking to startt drilling "as soon as possible".

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AIM - LOSERS

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Artemis Resources Ltd, down 11% at 2.09p, 12-month range 1.44p-5.00p. Stock closed up 2.5% on Monday, recovering from an intraday low of 1.9p, after saying no significant nickel or copper results were found in laboratory analyses of samples from the first drill hole at the Osborne nickel prospect.

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FD Technologies PLC, down 1.5% at 1,645.42p, 12-month range 1,276.14p-2,620p. Berenberg upgrades its recommendation on the stock to 'hold' from 'sell', flagging "good potential" but also execution risk. "While we upgrade our numbers in line with consensus and also our price target, we also note the execution risk involved, especially going into a slowing economy," says Berenberg.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Apr 2024 15:06

Power Metal Resources completes Molopo drillhole

(Sharecast News) - Power Metal Resources announced the completion of drillhole DDH1-14C at its Molopo Farms Complex project in southwestern Botswana on Tuesday.

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23 Apr 2024 14:26

Power Metal strikes high priority target in recent drilling effort

(Alliance News) - Power Metal Resources PLC on Tuesday announced the successful completion of a drilling campaign in Botswana.

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10 Apr 2024 15:13

Power Metal Resources says shares admitted to trading on OTCQB

(Alliance News) - Power Metal Resources PLC on Wednesday said that its shares have been admitted to, and begun trading on, the OTCQB Venture Market in the US.

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26 Mar 2024 15:39

TRADING UPDATES: BATM Advanced ink USD2.3 million orders

(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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26 Mar 2024 14:02

Power Metal Resources shareholders back share consolidation

(Alliance News) - Power Metal Resources PLC on Tuesday announced a proposed share consolidation has been approved by shareholders.

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25 Mar 2024 20:33

Power Metal Resources considers options for Uranium Energy IPO

(Alliance News) - Power Metal Resources PLC on Monday updated on the planned initial public offering of a number of its uranium interests using Uranium Energy Exploration PLC as a vehicle to achieve an admission to AIM.

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19 Mar 2024 15:53

UK shareholder meetings calendar - next 7 days

Wednesday 20 March 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
BSF Enterprise PLCAGM
CEPS PLCGM re capital reduction
MTI Wireless Edge LtdAGM & EGM re appointing Hani Lerman as external director
Thursday 21 March 
Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
Hardide PLCAGM
Sondrel Holdings PLCGM re convertible loan agreement and proposed fundraise
Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(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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12 Mar 2024 17:41

EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties

(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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12 Mar 2024 12:52

Power Metal driving Power Arabia subsidiary towards London listing

(Sharecast News) - Power Metal Resources updated the market on the progress of its wholly-owned subsidiary Power Arabia on Tuesday.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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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29 Feb 2024 14:01

Power Metal Resources agrees to buy 75pc of GSAe

(Sharecast News) - Power Metal Resources announced an agreement with GSA Environmental (GSAe), on Thursday, under which it would acquire 75% of GSAe's entire issued share capital under binding heads of terms.

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29 Feb 2024 13:11

Katoro formally appoints Power Metal CEO as new non-executive chair

(Alliance News) - Katoro Gold PLC on Thursday appointed Sean Wade as non-executive chair with immediate effect

Read more
21 Feb 2024 14:29

Power Metal full-year revenue more than doubles; loss narrows

(Alliance News) - Power Metal Resources PLC on Wednesday reported that full-year revenue more than doubled, and its loss narrowed.

Read more
15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

(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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