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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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28 Oct 2022 11:47

IN BRIEF: Power Metal gets regulatory approval for Kalahari purchase

Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Says it has now received all regulatory approvals for acquisition of an additional 59% interest in Kalahari Key Mineral Exploration Pty Ltd.

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27 Oct 2022 15:38

Power Metal says subsidiary on track to strike gold in Nevada

(Alliance News) - Power Metal Resources PLC on Thursday said it was optimistic about its investment in Golden Metal Resources Ltd, after a recent geophysical survey suggested the possibility of a Carlin-type gold discovery.

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25 Oct 2022 17:24

Power Metal says site survey definitive after superconductor result

(Alliance News) - Power Metal Resources PLC on Tuesday said momentum continues to build at its Molopo project after a geophysical survey revealed "massive sulphides" at the licence.

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20 Oct 2022 21:56

TRADING UPDATES: Fiske swings to loss; Nanoco sees loss widen

(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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14 Oct 2022 10:30

Kavango Resources considers further exploration after system surprise

(Alliance News) - Kavango Resources PLC on Friday said it is considering next steps for drilling after the unexpected confirmation of an iron oxide copper gold system at its Ditau project.

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5 Oct 2022 14:01

Power Metal adds to its uranium portfolio with Badger Lake purchase

(Alliance News) - Power Metal Resources PLC on Wednesday said it has added to its property portfolio with the purchase via claim staking of the Badger Lake uranium property in Canada's Athabasca Basin.

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28 Sep 2022 11:49

IN BRIEF: Power Metal survey at Molopo in Botswana finds new conductor

Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Posts update on Molopo farms complex project in Botswana. Explains surveys covered target areas T1-T4, T1-3 and T2-3. Says "final results have highlighted a large, significant geophysical conductor at target area T2-3". Further, "This conductor has been given a high-priority, A+, ranking by the company, the same priority ranking granted to the conductor at T1-6, where drilling is ongoing."

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26 Sep 2022 08:10

IN BRIEF: Evrima investee says drilling at Molopo Farms has begun

Evrima PLC - mining and exploration investor - On Thursday last week, notes update from partner Power Metal Resources PLC, which says inaugural drilling at Molopo Farms Complex project in Botswana has started. Power Metal says diamond core drilling at drillhole DDH1-6B is now underway and is targeting a "large southerly dipping conductor that was identified by the company's recently completed moving loop electromagnetic geophysics survey over the priority target area 1-6".

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21 Sep 2022 20:02

TRADING UPDATES: AB Dynamics revenue up; SDI Group trades in line

(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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15 Sep 2022 15:49

Power Metal announces Molopo update with drilling to begin soon

(Alliance News) - Power Metal Resources PLC on Thursday said that it has completed surveying and modelling at its Molopo Farms Complex project in Botswana.

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9 Sep 2022 19:11

TRADING UPDATES: BH Macro NAV rises; Rambler warns on balance sheet

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

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7 Sep 2022 21:42

TRADING UPDATES: Zinnwald upbeat; Nanoco-Samsung trial delay

(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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5 Sep 2022 12:36

Power Metal raises GBP1 million for drilling at Molopo Farms

(Alliance News) - Power Metal Resources PLC shares rose on Monday after it announced it has secured funding for its drilling programme in Botswana.

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2 Sep 2022 15:43

IN BRIEF: Power Metal completes Tati project drilling programme

Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Completes drilling programme at the Tati gold project in Botswana, in which 490 metres were drilled across nine holes for an average drill-hole depth of 55 metres.

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2 Sep 2022 11:55

IN BRIEF: Power Metal buys Durrant Lake uranium property in Canada

Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Buys Durrant Lake uranium property, located in the Athabasca Basin area in Saskatchewan, Canada, through claim staking. Says claims have been registered with the Mineral Administration Registry Saskatchewan at a total cost of CAD3,519, about GBP2,315. Claims will remain valid for two years.

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