The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPower Metal Share News (POW)

Share Price Information for Power Metal (POW)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 13.40
Bid: 13.00
Ask: 14.00
Change: 0.00 (0.00%)
Spread: 1.00 (7.692%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 13.40
POW Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK TRADING UPDATE SUMMARY: Games Workshop Notes AGM Revolt Over Chair

Wed, 16th Sep 2020 22:14

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

----------

Games Workshop Group PLC - Nottingham-based miniature wargames manufacturer - Notes 27% opposition to annual general meeting resolution to re-elect Chair Nick Donaldson over concerns he is overboarded in terms of calls on his time. Games Workshop points out that Donaldson will be stepping down effective January 2021 and no later than its 2021 AGM. "The board is confident that Donaldson discharges effectively his role as chair, notwithstanding his other board commitments."

----------

Plus500 Ltd - London-based technology platform for trading contracts for difference - Withdraws annual general meeting resolution which proposed to approve a special bonus payable to Chief Financial Officer Elad Even-Chen after "some shareholder had expressed concerns". Considers bonus "appropriate" in light of Even-Chen's "outstanding efforts" and will engage with shareholders to make sure their concerns are considered before the resolution is proposed again at a later extraordinary general meeting to be convened later in 2020.

----------

Eckoh PLC - Hertfordshire-based payments technology firm - Approves payment of 0.61p per share special dividend. In June, its board said it was not intending to propose a final dividend for its financial year ended March but would keep the decision under consideration. Thanks to "the continued resilience of the business combined with its high levels of repeat and recurring revenues" a special dividend will be paid October 23 in lieu of that final dividend. Keeps dividend policy under close review amid pandemic. Net cash GBP12.2 million as at August end. "Management remain confident of further progress in the second half of the year."

----------

Immunodiagnostic Systems Holdings PLC - Tyne & Wear-based diagnostic testing kits and instruments maker - Launches four new i-Tracker assays designed to run on its automated IDS-iSYS analyser. Kits have been developed by Theradiag SA partner and were previously launches on the i-Track analyser manufactured by Immunodiagnostic Systems for Theradiag. "In the six months since the Theradiag launch, the assays have undergone validation on the IDS-iSYS analyser and are now available for use on the installed base of IDS-iSYS analysers in Europe and other territories which accept a CE mark accreditation."

----------

Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Raises approximately GBP773,000 from fundraise comprising GBP500,000 subsciption for cash plus issue of bonds on Astana Stock Exchange in Kazakhstan totalling USD300,114. Issues and allots 6.3 million share at price of 8p each in subscription. Issues 150 bonds to investors with USD2,001 nominal value each with 7% per annum interest rate, maturing March 2023. Funds "will be used to further build the connection to the adjacent high voltage power line, complete the installation of the equipment to convert ammonium metavanadate to vanadium pentoxide, make several improvements to the existing process plant and complete the fit-out of the newly built on-site accommodation for senior technical staff."

----------

Panther Metals PLC - mineral exploration company focused on Canada and Australia - Releases recent geophysics imagery for Big Bear gold project in Ontario, Canada. CEO Darren Hazelwood: "We are pleased to release processed imagery for the airborne geophysics survey Panther flew over the Big Bear gold project this summer. We are in the process of updating our corporate presentation and advancing our work programme at the Big Bear project. The geophysics images provide investors, and the market, with confirmation of the level of understanding we now have on this previously fragmented project area."

----------

AEX Gold Inc - Greenland-focused gold miner - Notes that a high-resolution aerial imagery drone has identified an outcropping Footwall Vein 70 to 100 metres below the Main Vein on the north face of Nalunaq mountain, South Greenland. Five holes drilled so far at Nalunaq anf first samples dispatched for assaying. Camp at Nalunaq still Covid-free. CEO Eldur Olafsson: "The high-resolution imagery from our new state of the art drone is proving highly effective, and will further assist us in progressing the exploration target at Nalunaq by supporting evidence of other veins, which could potentially be gold bearing."

----------

Tlou Energy Ltd - Botswana-focused power producer - Mott MacDonald, its engineering consultant, prepares two pre-qualification documents with objective of Tlou selection shortlist of pre-qualified bidders to be invited to bid for construction of Lesedi power project transmission line and supporting infrastructure. Documents prepared are: pre-qualification of bidders for the design and build contract for the substation works and pre-qualification of bidders for the design and build contract for 66kV overhead transmission line works. "The implementation stage is expected to be completed later this year, conditional on not experiencing undue delays outside Tlou's direct control. Thereafter, the Company will request tenders for construction of the transmission line and substation works from successful pre-qualified bidders."

----------

Ocean Wilsons Holdings Ltd - Bermuda-based investment company operating a maritime services company in Brazil through its Wilson Sons Ltd subsidiary - Wilson Sons accepts resignation of Cezar Baiao from position of CEO of operations in Brazil, effective March 2021. Accepts nomination of and opts to appoint Fernando Fleury Salek, currently acting as CFO of its Brazilian subsidiaries and head of investor relations. Baiao remains deputy chair of board of Wilson Sons directors.

----------

Altus Strategies PLC - mining royalty company with headquarters in Oxfordshire- signs definitive purchase and sale agreement and net smelter return royalty agreements with Stellar Africa Gold Inc for the Ivory Coast Altus' Prikro and Zenoula gold projects. Altus sells 100% interest in both projects in return for a 2.5% net smelter return, 2.5 million Stellar shares worth CAD125,000 and 2.5 million purchase warrants exercisable at CAD0.07 each. Subject to project progress, Altus will receive additional equity based payments.

----------

Seeing Machines Ltd - computer vision technology company headquartered in London - Says aftermarket driver monitoring technology, Guardian, has gathered more than 5 billion kilometres of naturalist driving data thanks to its "extensive customer list globally".

----------

Alien Metals Ltd - precious and base metals explorer - Reports results of recent sampling programmes of its San Celso and Los Campos silver projects in Mexico showing "strong correlation with historic results". Signs final legal documentation to carry out exploration work with potion to acquire Nueva Andromeda permit east of San Celso area.

----------

Power Metal Resources PLC - metals exploration and development company with projects in North America, Australia, and Africa - Says Red Rock Australasia Pty Ltd has commissioned and received final historical reports and targeting assessments for all its Victoria goldfields licence applications except for the recently acquired EL007460 and EL007385 licences. Reports used to inform preparation of a NI 43-101 technical report for eight of the applications. Red Rock Australia is a joint venture between Power Metal, which has a 49.9% interest, and Red Rock Resources PLC, which holds the remaining interest. Red Rock Resources notes the Power Metal announcement.

----------

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
22 Dec 2022 21:09

TRADING UPDATES: Ground Rents Income Fund's portfolio value drops

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

Read more
20 Dec 2022 19:09

TRADING UPDATES: Egdon to buy Aurora Production UK; Mila finds gold

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

Read more
15 Dec 2022 21:39

TRADING UPDATES: Serinus completes rig-up; Xtract concludes JV deal

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

Read more
15 Dec 2022 14:35

Power Metal Resources Wilan Project merger to form exploration company

(Alliance News) - Power Metal Resources PLC on Thursday announced a merger of its Wilan Project with a number of other Australian exploration interests.

Read more
13 Dec 2022 20:38

TRADING UPDATES: Savannah Energy ends deal; Plaza signs addendum

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

Read more
7 Dec 2022 18:03

IN BRIEF: Power Metal finds nickel sulphides at Molopo Farms

Power Metal Resources PLC - London-based exploration company with global operations - Notes a drilling update from the Molopo Farms Complex project, targeting a large-scale nickel and platinum group element discovery in southwestern Botswana. Says an initial review finds nickel sulphides at 327 metres at target area T1-3. Says grade of nickel can only be determined from assay testing. Adds that T1-6 samples from Molopo project undergoing assay testing.

Read more
5 Dec 2022 14:33

Power Metal says fieldwork progresses; prepares subsidiary for listing

(Alliance News) - Power Metal Resources PLC on Monday said lithium-focussed phase two follow-up fieldwork is now underway at the Selta project in Northern Territory, Australia, while it prepares its responsible subsidiary for listing.

Read more
2 Dec 2022 12:27

Power Metal anticipates commercialisation with high-grade results

(Alliance News) - Power Metal Resources PLC on Friday said it was pleased with phase one testing at its licences in Canada's Athabasca Basin, after test results delivered high-grade samples from Thibault Lake.

Read more
25 Nov 2022 13:39

Power Metal acquires North Wind lithium project by staking

(Alliance News) - Power Metal Resources PLC on Friday announced the acquisition by staking of the North Wind lithium project in Ontario, Canada.

Read more
18 Nov 2022 16:51

IN BRIEF: Power Metals ups stake in Kalahari Key to 88%

Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Completes transaction to increase interest in Kalahari Key Minteral Exploration Pty Ltd. Following completion, Power Metal now holds 88% interest in Kalahari Key. Kalahari Key holds 100% interest in Molopo Farms Complex project, southwestern Botswana. Power Metal therefore holds 88% interest in Molopo Farms project as well.

Read more
7 Nov 2022 14:49

TRADING UPDATES: Mosman Oil & Gas achieves annual net output growth

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

Read more
4 Nov 2022 16:52

IN BRIEF: Power Metal Resources to sell uranium property in Canada

Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Announces the conditional disposal of its 100%-owned E-12 uranium property in Saskatchewan, Canada. Signs a property purchase agreement with Teathers Financial PLC to acquire ownership of the property, subject to its initial public offering in London to be completed by December 31. Consideration is payable in GBP250,000 of Teathers shares at issue price of 1.24 pence per share and the retention of a 2% net smelter return royalty over the property.

Read more
3 Nov 2022 18:18

TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

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

Read more
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.

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.