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Share Price Information for Power Metal (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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8 Sep 2023 10:15

AIM WINNERS & LOSERS: Power Metal jumps on Perch River discovery

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Power Metal shares up on potentially "significant" Perch River find

(Alliance News) - Power Metal Resources PLC on Friday said it has discovered a significant helium anomaly at its fully owned Perch River uranium project in the Athabasca Basin, Saskatchewan, Canada.

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TRADING UPDATES: Aterian granted 10 exploration licences in Morocco

(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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24 Jul 2023 13:34

IN BRIEF: Power Metal Resources applies for US OTC market listing

Power Metal Resources PLC - Metals exploration company focused on North America, Africa, and Australia - Says it intends to apply for a listing on the US OTC market to provide easier trading accessibility to US investors. Says exploration is underway at its Athabasca uranium interest in Saskatchewan, Canada and the Tati goldfields project in Botswana. Also notes its equity at June 30 was GBP15.5 million, up 52% from GBP10.2 million at September 30. Gross assets in the same period grew by 48% to GBP15.8 million from GBP10.7 million.

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12 Jul 2023 12:10

Power Metal Resources agrees early completion of Authier North earn-in

(Alliance News) - Power Metal Resources PLC on Wednesday said it has negotiated early completion of the Authier North earn-in to a 100% interest.

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12 Jul 2023 10:40

Power Metal completes Authier North earn-in early

(Sharecast News) - Power Metal Resources announced the early completion of the Authier North lithium project earn-in on Wednesday, securing a 100% interest in the project.

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4 Jul 2023 16:42

TRADING UPDATES: Voyager Life pulls out of Polish deal with Goodbody

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

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30 Jun 2023 14:28

Power Metal Resources interim loss narrows on lower costs

(Alliance News) - Power Metal Resources PLC on Friday said its first-half loss narrowed on lower costs.

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29 Jun 2023 18:56

TRADING UPDATES: abrdn New India, Chelverton UK net assets fall

(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 Jun 2023 17:59

TRADING UPDATES: Vertu Motors "optimistic"; Atrato in Ovo Energy deal

(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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21 Jun 2023 13:50

IN BRIEF: Power Metal plans largest uranium exploration programme

Power Metal Resources PLC - Metals exploration company, focused on North America, Africa, and Australia - Completes planning for its largest ever uranium focused exploration programme across its uranium portfolio, which includes work on at least 10 of the 17 properties. Says that it has acquired the Perch River uranium project, which covers a 9.41 kilometre area, and entirely within the prolific Athabasca Basin, Canada. Power Metals will carry out the exploration programme in conjunction with various different Canada-based geophysical and field contractors.

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20 Jun 2023 14:12

UPDATE: Golden Metal finds further targets at Pilot Mountain project

Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Says initial results from the Pilot Mountain project, located within the Walker Lake Mineral Belt in Nevada confirm the presence of three significant exploration targets. Says the Porphyry South target represents the most compelling porphyry deposit target identified to date at the project.

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6 Jun 2023 19:37

TRADING UPDATES: Woodbois strikes repayment deal with Sydbank

(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 May 2023 19:47

IN BRIEF: Power Metal Resources updates on gold project in Botswana

Power Metal Resources PLC - metals exploration company, focused on North America, Africa and Australia - Announces exploration update from its 100% owned Tati Gold Project located on the Tati Greenstone Belt near Francistown, Botswana. Says ground geophysics and trenching have been completed although a longer than usual rainy season led to the delay in the commencement of the planned infill soil geochemical sampling programme. Adds detailed geological mapping of the recently completed trenches has confirmed the geological setting in the Cherished Hope Mine area which is highlighted by gold mineralisation which is concentrated within quartz reefs. Notes analysis of ground magnetic geophysics results have highlighted the location of multiple post-mineralisation dolerite dykes which are known to persist throughout much of the TGB. Next exploration steps will be finalised and communicated to the market.

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22 May 2023 16:10

TRADING UPDATES: Catenae hails court; Golden Metals likes copper find

(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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