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Pin to quick picksPensana Plc Share News (PRE)

Share Price Information for Pensana Plc (PRE)

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Share Price: 22.70
Bid: 22.70
Ask: 23.90
Change: 0.65 (2.87%)
Spread: 1.20 (5.286%)
Open: 23.50
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Low: 22.60
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UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

Mon, 14th Sep 2020 17:21

(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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Henry Boot PLC - property investment and development company - Places struggling unit Starfish Commercial Ltd into voluntary liquidation. To book GBP200,000 in impairment costs as a result.

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Frontier IP Group PLC - London-based specialist in commercialising intellectual property - Portfolio firm Fieldwork Robotics awarded GBP84,000 grant from Innovate UK to boost robot technology in agriculture field.

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Tekcapital PLC - UK intellectual property investment company - Portfolio firm Guident acquires shock absorption technology designed for electric vehicles. Acquires exclusive license to a US patent from state of New York.

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Schroder Real Estate Investment Trust Ltd - UK-focused real estate investment trust - Completes 13 new lettings, renewals and reviews since June 30, adding GBP800,000 in rent. Rent collected for period ending September 30 now totals 82%. Notes 95% of rent collected from office portfolio, 92% in industrial and just 53% in retail and leisure.

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Residential Secure Income PLC - Investor in affordable shared ownership, retirement and local authority housing - Acquires six new build homes from Metropolitan Thames Valley Housing for GBP1.6 million in total.

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Supermarket Income REIT PLC - grocery property-focused real estate investment trust - Acquires Tesco PLC supermarket from CBRE Global Investors for GBP39.5 million.

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Duke Royalty Ltd - London-based royalty finance provider - Exits GBP2.0 million investment in Xtremepush Ltd, a Dublin-based business-to-business technology platform. Represents Duke first exit.

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Reabold Resources PLC - oil and gas project investor - Updates on IMIC-1 well, Romania. Liquids lifted from well and recovered substances include "sludge-like material". Gas flow observed after 12 hours was combination of methane and nitrogen. Well has now been shut in. Reabold holds interest in well operator ADX Energy Ltd via its 51% stake in Danube Petroleum Ltd.

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Power Metal Resources PLC - metals exploration and development company - Exercises option to earn-in to Silver Peak project, Canada. Has option to earn-in a 30% stake.

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Central Asia Metals PLC- metals explorer and developer - Reports short-term leakage of tailing from Sasa facility in North Macedonia. Says no one was harmed by leak but site is now not operational. Investigation into cause of the leak has kicked off.

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Oilex Ltd - Aberdeen-based oil and gas explorer - Amends sale and purchase agreement with Armour Energy Ltd over disposal of Cooper-Eromanga basin. Extends completion date to October 15 from September 15.

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ECR Minerals PLC - Australia-focused gold exploration and development company - Notes field mapping underway at targets at Bailieston project area in Victoria, Australia. Acquires diamond drill rig which can drill as deep as 1,300 metres. Identifies "high priority gold prospects".

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Salt Lake Potash Ltd - Australia-focused miner - Says Lake Way Project at Wiluna in Western Australia now 60% complete and on track for output in March quarter of 2021.

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IronRidge Resources Ltd - African focussed minerals exploration company - Enters into agreement with Australasian Gold Ltd for sale of non-core May Queen gold project asset in Australia. IronRidge to receive 4.5 million Australasian Gold shares, a 35% stake. IronRidge to invest AUD100,000 to provide Australasian Gold with working capital.

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Jangada Mines PLC - London-based minerals explorer - Preliminary economic assessment commissioned at Pitombeiras vanadium project, Brazil.

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Advance Energy PLC - upstream oil & gas company - Subsidiary Resolute Oil & Gas UK Ltd and 25%-owned investee Holywell Resources Ltd awarded, subject to documentation, a 50% interest in lock 43/25 and part-blocks 43/29, 43/30, 48/4 and 48/5 in the Oil & Gas Authority's 32nd offshore licensing round.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Finds new gold mineralisation at Big One deposit at Mt Oxide project, Australia. Will soon kick off drilling at Mt Oxide.

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Pensana Rare Earths PLC - operator of rare earths project in Angola - Reports "substantial" increase in mineral resource estimate at Longonjo project in Angola. Asset contains more than 2.3 times the previous estimate of measures and indicated resources.

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Mosman Oil & Gas Ltd - oil explorer - Completes drilling at Stanley-4 well in East Texas. Drilled completed to target depth of roughly 5,000 feet.

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Bluebird Merchant Ventures Ltd - Korean-focused gold development firm - Joint-venture partner Southern Gold does not accept an offer from Bluebird to acquire its 50% stake in Gubong and Kochang projects. Under terms of JV, an independent expert will determine a value which Bluebird must pay. Bluebird says it is "confident" it can acquire Southern Gold's interest "on attractive terms".

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SolGold PLC - Australian gold miner - Completes USD100 million royalty financing with Franco Nevada Corp in relation to Alpala copper and gold project, Ecuador. SolGold to use cash to progress project.

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Boku Inc - US-based mobile payments solution provider - Launches KakaoPay in Republic of Korea, allowing customers to make digital purchases on video game stores.

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MTI Wireless Edge Ltd - antenna manufacturer based in Israel - Secures new agreement worth USD500,000 for deployment of 5G backhaul solutions.

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Seeing Machines Ltd - computer vision technology company headquartered in London - To launch driver monitoring system for automotive industry. Kit is expected to be available to tier 1 automotive companies by end of 2020.

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Panoply Holdings PLC - IT service management company - Strong trading continued and has secured GBP10 million worth of new contract wins in first two months of second quarter. Expects annual earnings in line with expectations.

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Syncona Ltd - healthcare company with headquarters in London - Forms subsidiary named Resolution Therapeutics, a cell therapy company investigating liver disease treatment. Also co-led Series A financing for T-cell receptor firm Neogene Therapeutics. Makes USD19.0 million commitment.

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RTW Venture Fund Ltd - life sciences-focused investment firm - Leads USD50 million Series B financing in NiKang Therapeutics Inc. NiKang is ninth investment following RTW's October 2019 IPO.

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Vectura Group PLC - London-based drug delivery products - Partners with Monash University to develop an inhaled oxytocin aimed at preventing postpartum haemorrhage, vaginal bleeding, in childbirth. Vectura says to receive undisclosed revenue on a fee-for-service basis.

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Aeorema Communications PLC - London-based live events agency - To open New York events office, boosting global workforce to 24. Completes development of KIT virtual events platform.

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Brighton Pier Group PLC - Operator of Brighton Pier - Trading between July 4 and September 6 better than board expectations, with total revenue at 77% of year prior. Initially planned October for reopening of late night venues but virus uncertainty means it is yet to commit to a date.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
19 Apr 2024 11:35

IN BRIEF: Pensana reports discussions for USD15 million loan extension

Pensana PLC - rare metals exploration company focused on its magnet metals projects in Angola - Reports discussions regarding extension of USD15 million loan facility. Says the loan will coincide with the anticipated finalisation of the main financing. Add that loan will "enable the funding of capital expenditure, working capital and operating expenditure at the Longonjo project."

Read more
11 Mar 2024 14:07

IN BRIEF: Pensana receives positive results from Coola, Sulima surveys

Pensana PLC - rare metals exploration company focused on its magnet metals projects in Angola - Says that geophysical surveys conducted at its Coola and Sulima West exploration programmes in Angola in late 2023 revealed promising anomalies. Testing at Coola, in which Pensana holds a 90% interest, confirmed a 900 metre-diameter carbonatite ring dyke with a similar scale to the company's flagship Longonjo project. Sumila West showed "strong anomalies" of high-grade total rare earth oxide mineralisation. Pensana says that samples from both projects will be tested before being trucked to Longonjo for processing.

Read more
4 Mar 2024 21:13

IN BRIEF: Pensana touts sound progress for Longonjo project

Pensana PLC - magnet metal exploration company, whose subsidiary Ozango Minerais SA owns 100% of the Longonjo rare earth project in western Angola - Updating on the Longonjo project, says concrete foundations have been poured for the 316-person modular camp manufactured in South Africa that is set to despatch later in March. Adds that the on-site team is making good progress with preparatory works ahead of main construction anticipated in May this year, with cold commissioning to start in August 2025. It expects final commissioning in April 2026. Further, Pensana says that an order has been placed with NCP International, a global supplier of new and refurbished comminution equipment based in South Africa, for the USD2.3 million ball mill for delivery from Johannesburg to meet the construction and commissioning timelines for the concentrator plant.

Read more
26 Feb 2024 10:58

Pensana up after inking USD156 million Longonjo finance debt facility

(Alliance News) - Shares in Pensana PLC rose on Monday, after securing a new debt finance facility for its flagship Longonjo project.

Read more
7 Feb 2024 10:39

TRADING UPDATES: Inteligo stock enters US market, Kenmare gets new RCF

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

Read more
24 Jan 2024 17:22

EARNINGS AND TRADING: Gran Tierra ups production, "excited" for 2024

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

Read more
15 Jan 2024 11:30

FSDEA "very satisfied" with progress at Pensana's Longonjo site

(Alliance News) - Pensana PLC on Monday said the Angolan sovereign wealth fund was "very satisfied" with the construction progress of its Longonjo project following a site visit last week.

Read more
3 Jan 2024 09:05

Pensana notes progress in development of Longonjo mine in Angola

(Alliance News) - Pensana PLC on Wednesday updated on construction activities at its Longonjo rare earth mine site in Angola, citing civil works for the camp, as well as the rehabilitation of the access road to the railway station near the mine.

Read more
20 Nov 2023 16:24

Pensana signs letter of intent for magnet metal site in Yorkshire

(Alliance News) - Pensana PLC on Monday said it signed a letter of intent for the site of a future permanent magnet metal facility within Yorkshire Energy Park.

Read more
25 Oct 2023 21:55

TRADING UPDATES: Gran Tierra completes offers, Pensana wins grant

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

Read more
16 Oct 2023 14:00

Pensana meets with UK Minister of State for Industry Nusrat Ghani

(Alliance News) - Pensana PLC on Monday said that Chair Paul Atherley met with Nusrat Ghani, the UK's minister of state at the Department for Business & Trade.

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20 Sep 2023 21:11

IN BRIEF: Pensana wins UK grant to develop low carbon resupply chain

Pensana PLC - rare earths explorer - Receives GBP316,643 in grant funding by Innovate UK under its CLIMATES programme. Pensana works in partnership with Polestar, Route2 and the universities of Leeds and Hull to develop a low carbon sustainable supply chain for rare earth magnets. The project is backed by the UK government. "Rare earth elements underpin so much of what makes everyday life and work possible, from the cars we drive to the phones we use. It is essential that, in a rapidly changing world, we do all we can to ensure resilient supplies of these and other critical minerals. We are laser-focused on securing robust supply chains, for the growing, green industries that will deliver jobs and prosperity across the UK in the decades to come," says Nusrat Ghani, minister of state at the Department for Business & Trade.

Read more
29 Aug 2023 18:29

IN BRIEF: Pensana hails rock geochemistry results in Angola

Pensana PLC - rare earths explorer - Finds 22% phosphorus pentoxide, around 27% calcium oxide and 41% ferric oxide and 0.7% total rare earth oxide at Sulima West of Coola exploration license in Angola. Further, notes sampling with an area of about 15 hectares of over 2% total rare earth oxide in soils with a core zone of high-grade soils reporting over 4% total rare earth oxide. Exploration Manager Grant Hayward says: "We are extremely happy with the results of the soil sampling over Sulima West which identified an area of roughly 15 hectares with greater than 2% TREO in soils."

Read more
21 Aug 2023 10:42

Pensana's Longonjo project re-engineering advances on schedule

(Alliance News) - Pensana PLC on Monday said re-engineering work at its Longonjo rare earth mine is progressing as planned.

Read more
27 Jun 2023 21:11

IN BRIEF: Pensana strikes Longonjo funding agreements

Pensana PLC - rare earths explorer - Outlines new plan which will reduce capital expenditure at Longonjo asset to USD105 million from USD200 million. Major shareholder FSDEA to provide immediate USD15 million loan facility, which forms part of a broader USD80 million investment. Funding will go towards development of mine. Absa Bank, meanwhile, will arrange USD120 million project debt facility. "We are delighted with the ongoing support from the government of Angola, FSDEA, Absa and others for the development of this important project. Longonjo is one of the world's largest undeveloped rare earth projects which benefits from a high-grade near surface orebody, with low-cost hydroelectricity and direct access to the Lobito Corridor rail and port infrastructure," Chair Paul Atherley says. Mine will employ around 650 people during construction and will create 420 permanent high value jobs, Pensana adds.

Read more

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