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Pin to quick picksPower Metal Share News (POW)

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TRADING UPDATES: Permanent TSB sells loan portfolio; Dekel output up

Wed, 10th Nov 2021 18:22

(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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Permanent TSB Group Holdings PLC - Dublin-based personal and small business bank - Sells loan portfolio to Morgan Stanley Principal Funding Inc. Portfolio had gross balance sheet value of EUR390 million. Notes 98% of loans categorised as non-performing. "The remaining 2% comprise loan products which originated pre 2009 and which are no longer available to new customers. Typically these are interest only or part capital & interest loans where the borrower and the bank have failed to agree a plan which will ensure the repayment of the outstanding balance (often the original amount which was borrowed) at the end of the agreed loan term," company adds.

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Dekel Agri-Vision PLC - West Africa-focused agriculture company - Crude palm oil output rises 28% year-on-year in October to 2,331 tonnes. Sales improve 25% to 2,301 tonnes. Price per CPO tonne up 51% EUR960 from EUR636 a year earlier. "A year of strong production and even stronger prices continues to set Dekel up for a record year of financial performance in our palm oil operation in 2021. Given current prices remain materially higher than we achieved in this year's high season earlier in the year we remain optimistic of a further uplift in the financial performance of the palm oil operation in 2022," says Executive Director Lincoln Moore.

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Power Metal Resources PLC - exploration company seeking metal discoveries in the US, Australia and Africa - Expands uranium exploration portfolio at Athabasca basin in Canada. Land holdings increase by 144.84 square kilometres to a total of 411.96 square kilometres. "The additional areas staked by the company are prospective for uranium and base-metals," Chief Executive Officer Paul Johnson says.

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Pembridge Resources PLC - London-based investor in Minto Explorations Ltd - Says TSX Venture Exchange conditionally accepts reverse takeover of 1246778 BC Ltd by Minto Explorations. "This conditional acceptance by TSXV clears an important hurdle in Minto's path to being a listed company and we appreciate the work that has been done by Minto and its advisors on the RTO and listing process," Pembridge Chair & Chief Executive Gati Al-Jebouri says.

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Kefi Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Says final assay results received for phase 4 drilling campaign at Hawiah copper and gold project in Saudi Arabia. An updated mineral resource estimate is expected in December. "The updated MRE is expected to include the additional resources previously defined in the phase 3 drilling programme, as well as material in the indicated category where in-fill drilling has taken place," Kefi says. Phase 4 assays signal "overall increase in the resource grades for copper, zinc, gold, and silver", company adds.

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PureTech Health PLC - Massachusetts, US-based biotechnology company - Sells 750,000 shares in founded entity Karuna Therapeutics, pocketing USD100 million. "PureTech intends to use the proceeds from the Transaction to further the advancement and growth of the company and will update its cash runway guidance in due course," PureTech says. Now has 5.6% Karuna stake.

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Image Scan Holdings PLC - Leicestershire, England-based X-ray imaging systems provider - Awarded contract to supply a portable X-ray scanning system to a US federal agency. "The contract is the first part of a framework order that could lead to the purchase of a further twelve systems," Image Scan says. In addition, company named global distributor for Serstech AB, a technology company working in the field of chemical analysis in Sweden. Company says: "Under the agreement, Image Scan will market Serstech's range of highly portable chemical analysers to bomb squads, hazardous material investigation teams and customs organisations through its global distribution network. In different scenarios, the technology is used to identify explosives, explosive precursors, chemical spills, and illegal drugs."

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Enteq Technologies PLC - Buckinghamshire-based oil and gas services provider - Signs two exclusive distribution agreements with third-party technology providers. These "enhance and complement Enteq's product range". One deal has been struck with Texas-based Erdos Miller Inc. It will be "exclusive distributor outside North America for two of their major product lines". In addition, strikes deal with Alberta, Canada-based Mezintel Inc "for their gamma logging and depth tracking software solutions".

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Evgen Pharma PLC - Liverpool-based sulforaphane based medical drug developer - Notes data on preclinical models of glioblastoma published at universities of Aquila, Rome and Rieti in Italy. Glioblastoma, or GBM, is an aggressive type of cancer. Data finds anti-tumour activity by Evgen's SFX-01 asset. "The in vitro data, in GBM cells and patient-derived glioma-initiating cells, show anti-tumour activity of the company's lead asset SFX-01. The work goes on to show in vivo anti-tumour activity in both sub-cutaneous and orthotopic xenograft (tumour cell lines are implanted in the brain) models of GBM," Evgen says.

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Insig AI PLC - London-based machine learning and data science firm serving asset management industry, formerly known as Catena - Delivers environmental, social and corporate governance scoring platform to alternative investment manager CarVal Investors LP. Notes CarVal's ESG risk assessment model includes carbon emissions, health and safety labour management, board composition and raw material sourcing.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Begbies to meet expectations; McBride shines

(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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6 Nov 2023 13:48

Power Metal still likes Kavango but sells all shares back to execs

(Alliance News) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company.

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25 Oct 2023 17:28

TRADING UPDATES: Franchise Brands trading in line; Tribe secures loan

(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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11 Oct 2023 14:43

Power Metal reports strong progress on Saskatchewan uranium exploration

(Sharecast News) - Exploration firm Power Metal Resources revealed substantial progress in its uranium exploration business in the Athabasca Basin of Saskatchewan, Canada, on Wednesday, spanning 1,012 square kilometres across 17 properties.

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11 Oct 2023 10:52

Power Metal shares rise on uranium find at Athabasca Basin in Canada

(Alliance News) - Power Metal Resources PLC on Wednesday said that it has identified "significant" uranium targets at the Tait Hill and Soaring Bay projects, which are in and around the Athabasca Basin in Saskatchewan, Canada.

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11 Oct 2023 10:52

AIM WINNERS & LOSERS: Eneraqua shares plunge on annual profit warning

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

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6 Oct 2023 14:56

Power Metal reports exploration progress at Molopo Farms

(Sharecast News) - Power Metal Resources updated the market on exploration developments at its Molopo Farms Complex Project (MFC) in southwestern Botswana on Friday, emphasising its pursuit of a district-scale nickel (Ni) and platinum group element (PGE) discovery.

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6 Oct 2023 10:38

IN BRIEF: Power Metal Resources identifies drilling targets at Molopo

Power Metal Resources PLC - Africa, Australia and North America-focused metals exploration and development company - Identifies high-priority drill targets at the Molopo Farms Complex in Botswana following geophysical analysis. Says target area T1-14 showed the highest potential due to the strength of the super conductor originally identified in the surveys. Says one of the targets has the potential to host massive sulphide mineralisation and has been deemed a high priority exploration target. Adds it is currently working with consultants to implement a drilling programme at T1-14.

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5 Oct 2023 13:09

IN BRIEF: Power Metal Resources restarts field exploration at Tati

Power Metal Resources PLC - Africa, Australia and North America-focused metals exploration and development company - Recommences field exploration at 100%-owned Tati Gold project in Francistown, Botswana.

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26 Sep 2023 21:47

TRADING UPDATES: Anglo Asian to restart Gedabek operations on approval

(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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21 Sep 2023 21:06

IN BRIEF: Power Metal Resources expands uranium project in Canada

Power Metal Resources PLC - Metals exploration company focused on North America, Africa, and Australia - Expands Perch River uranium project in Saskatchewan, Canada. Notes that hyperspectral data analysis using satellite data on mineral reflectance conducted at Perch River identifies several helium anomalies on the project, "including the discovery of one extremely strong helium response in the centre of the project as well as several strong anomalies that previously lay north and northeast of the Project boundary." Firm secures further 1,514.8 hectares at Perch River, representing an increase of about 38% in the projects size to a total of 5,455 hectares. "The newly acquired ground covers several strong hyperspectral helium anomalies located along the same geological trend and which further overlie prospective geology," Power Metal resources explains.

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15 Sep 2023 11:42

Power Metal upbeat on Tati soil sampling results

(Sharecast News) - Power Metal Resources announced the results of its geochemical soil sampling at the Tati Gold Project near Francistown, Botswana, on Friday.

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15 Sep 2023 10:07

IN BRIEF: Power Metal confirms two gold anomalies at Tati project

Power Metal Resources PLC - Metals exploration company focused on North America, Africa, and Australia - Says geochemical soil sampling confirmed "two significant gold anomalies" at its 100%-owned Tati gold project in Botswana. Says expedited follow-up exploration programme is underway. Chief Executive Officer Sean Wade said the sampling data and an eight-kilometre long gold trend at the project appear to show the "potential to host a very large gold deposit". The firm is seeking to advance the project "expeditiously", he said, while also managing inbound interest and the potential for near-term small scale mining.

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15 Sep 2023 07:54

LONDON BRIEFING: Games Workshop trades better than expected

(Alliance News) - Stocks in London are set to extend Thursday's gains at Friday's market open, with sentiment lifted further by the latest economic data from China.

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8 Sep 2023 13:48

Power Metal Resources reveals major helium anomaly

(Sharecast News) - Power Metal Resources announced a major helium anomaly on Friday, at its wholly-owned Perch River Uranium Project in the Athabasca Basin, Saskatchewan, Canada.

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