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Share Price: 23.40
Bid: 22.70
Ask: 23.90
Change: 0.40 (1.75%)
Spread: 1.20 (5.286%)
Open: 22.60
High: 23.50
Low: 22.30
Prev. Close: 22.90
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UK TRADING UPDATE SUMMARY: Staffline Pens New Deal, Extends Tesco Pact

Mon, 05th Oct 2020 19:23

(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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Staffline Group PLC - Nottingham, England-based recruitment & training group - PeoplePlus adult skills and training division selected for UK government's Provision of Employment & Health Related Services framework. Agrees three-year extension to provide contingent labour to grocer Tesco PLC.

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Norman Broadbent PLC - London-based recruitment and professional services firm - Acquires outstanding minority interest of 25% in Normal Broadbent Interim Management Ltd, from seller Anhela Hickmore, for GBP135,000. Norman Broadbent says GBP65,000 to be paid in cash and GBP70,000 in shares.

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SimiGon Ltd - simulation training solutions provider - Awarded additional USD500,000 for C-130 virtual maintenance training contract with "large international defense company".

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VR Education Holdings PLC - Waterford, Ireland-based virtual reality education and enterprise training - ENGAGE platform selected for Global Youth Takeover, a "major United Nations event". "With Covid-19 making many physical events impossible, using VR technology, the ENGAGE platform can provide attendees of virtual conferences with a real live event experience," VR Education said.

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BATM Advanced Communications Ltd - Israel-based data & telecommunications company - Receives EUR4.3 million initial order from Italy-based "major new customer" for Covid-19 tests.

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Tekcapital PLC - UK intellectual property investment company - Portfolio company Guident enters into mobile connectivity partnership with Cirrus Core Networks Inc for US in autonomous vehicles.

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Zephyr Energy PLC - technology-led oil & gas exploration company focused on US - Plans to begin spudding of dual purpose well a Paradox project, Utah by end of year. Secures USD2 million funding from US Department of Energy.

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Central Asia Metals PLC - copper, zinc and lead explorer, operating in Kazakhstan and North Macedonia - Pays EUR65,000 environmental fine from Sasa tailings leak. Received approval in North Macedonia to recommence operations at Sasa. Plant will work at 50% capacity for trial period. Total cost of incident, including repairs and environmental aspects, to be below USD1.5 million.

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Predator Oil & Gas Holdings PLC - Jersey-based oil & gas company - Did not acquire FRAM Exploration Trinidad Ltd by September 30 deadline. Says acquiring asset which produces energy through conventional means does not fit with its strategy. "Furthermore, in line with the company's prudent management of resources through the Covid-19 crisis, it was deemed inappropriate to enter into a corporate transaction that would involve significant transaction costs; potential delays in regulatory approvals; taking on liabilities and administrative burdens associated with an incremental production service contract; and potentially significant shareholder dilution," Predator said.

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Alba Mineral Resources PLC - mineral exploration & development company, with projects in Greenland, Wales and Ireland - Updates on work at Clogau-St David's gold mine. Says four drill holes completed so far and has permission extended to allow for drilling to continue until end of October.

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Mosman Oil & Gas Ltd - oil exploration company - Says operator of Stanley-4 well, located in Texas, reports output of 1,661 barrels of oil from asset since September 22.

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Thor Mining PLC - vanadium & gold miner in US and Australia - Begins close-spaced airborne magnetics survey at Ragged Range project at Pilbara Goldfield tenements, Australia. "The airborne magnetics survey is designed to map out the underlying mafic/ultramafic greenstones and to identify key prospective structures," Thor said.

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Aura Energy Ltd - Australian minerals company - Says more steps completed ahead of plans to seal CAD4.5 million, about GBP2.6 million, gold funding deal with Archean Gold. Aura completes final USD100,000 payment to Nomads Mining Co Sarl and Archean completes due diligence of Aura's Tasiast South gold project.

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SDX Energy PLC - London-based oil & gas explorer - Says has performed "strongly" so far in second half, with output ahead of guidance.

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Pensana Rare Earths PLC - operator of rare earths project in Angola - Reports successful output of NdPr-rich mixed rare earth carbonate following testwork at Longonjo project. "MREC is a much higher purity and higher value product and has a much broader market and range of applications than the concentrate product contemplated in Pensana's preliminary feasibility study. Based on information provided by industry specialists the specifications of Longonjo's MREC compares favourably with the main products currently being produced and sold mainly in China," Pensana said.

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SolGold PLC - Australian gold & copper mining company - Plans larger 50,000 metres drilling programme at Porvenir project, subject to ongoing positive results. Says first drill hole intersected 644 metres of visual copper sulphide mineralisation.

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Path Investments PLC - energy & natural resources investment company - Reports proposed sale of Kansas Land leases to GasRock Ltd for GBP126,000.

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Braveheart Investment Group PLC - Barnsely, England-based strategic investor - Investee Paraytec Ltd sees "minor logistical issues" in proof of concept work for a Covid-19 test with the University of Sheffield. Issues due to local lockdown restrictions in UK.

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Alternative Income REIT PLC - real estate investment trust focused on UK commercial property assets - Investment manager proposes amendment to investing policy. Proposes reducing minimum weighted average unexpired lease term of portfolio to 12 years and backs removal of the restrictions to permitted sectors in property market.

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RTW Venture Fund Ltd - New York-based investment company which invests in life sciences, biopharmaceutical, and medical technology companies - Portfolio company C4 Therapeutics Inc prices USD182.4 million Nasdaq Global Market float. Will offer 9.6 million shares at USD19.00 each. On first day of trading, C4's shares climbed 34% to USD25.49.

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EQTEC PLC - waste-to-energy project developer, based in London - Signs deal with Wood Group UK Ltd and DS Mena to aide "effective deployment" of EQTEC technology to global energy-to-waste sector.

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PureTech Health PLC - biotherapeutics company - Says founded entity Alivio Therapeutics lands USD3.3 million from US Department of Defense, to further development of ALV-304 treatment for inflammatory bowel disease.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
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
3 Apr 2023 14:41

Pensana prices England and Angola rare earth projects

(Alliance News) - Pensana PLC on Monday posted an updated on its Saltend rare earth separation facility in England and the Longonjo undeveloped rare earth mine in Angola.

Read more
31 Mar 2023 17:23

TRADING UPDATES: Gfinity revenue up; Pensana warns on funding needs

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

Read more
31 Mar 2023 17:00

LONDON MARKET CLOSE: Shares climb at end of volatile month

(Alliance News) - London's FTSE 100 rounded off a difficult March with gains on Friday, as an easing of inflationary pressure in Europe and the US lifting the mood.

Read more
10 Mar 2023 11:16

EXECUTIVE CHANGES: Power Metal Resources picks new CEO, confirms chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News:

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28 Nov 2022 16:41

Pensana begins on-site construction in Saltend and Longonjo

(Alliance News) - Pensana PLC on Monday said that its Saltend and Longonjo projects have commenced on-site construction programmes.

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14 Nov 2022 19:52

TRADING UPDATES: Aeorema reinstates payout; Resolute upsizes fundraise

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

Read more
26 Oct 2022 17:15

Pensana confident of meeting timelines at both Angola and UK projects

(Alliance News) - Pensana PLC on Wednesday said it has been finalising specifications across each of its operations in order to keep to its planned construction and execution schedule for the year.

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3 Oct 2022 19:52

TRADING UPDATES: Goodbody Health wins deal; Tekcapital secures funds

(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
27 Sep 2022 14:53

Pensana launches ESG strategy as aims for net-zero value chain by 2040

(Alliance News) - Pensana PLC on Tuesday published its 'Blueprint for Sustainable Rare Earths' sustainability report, as it seeks to supply rare earth metals for the energy transition.

Read more
26 Sep 2022 11:50

IN BRIEF: Pensana completes Longonjo mine feasibility study

Pensana PLC - London-based rare earth metal miner - Reported on Friday a total rare earth oxide reserve at the Longonjo mine of 767,000 tonnes at 2.55%. The proved total rare earth oxides was 3.19% while probable TREO was 2.05% using a NdPrO cut-off of 0.3%. Cutoff grade is the minimum grade required for a mineral to be economically mined. Material found above the grade is considered to be ore. NdPrO is neodymium and praseodymium oxide. Ore reserve estimate was undertaken by Snowden Optiro. The Longonjo rare earths deposit is based in Angola.

Read more
20 Sep 2022 12:41

Pensana to partner with Polestar to create first climate-neutral car

(Alliance News) - Pensana PLC on Tuesday said it has partnered with Polestar Automotive Holding UK PLC on its "moon-shot" goal of creating the first climate-neutral car by 2030.

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2 Sep 2022 15:57

UK shareholder meetings calendar - next 7 days

Monday 5 September 
Highway Capital PLCAGM
Hill & Smith Holdings PLCAGM
Hydrogen Utopia International PLCAGM
LXi REIT PLCAGM
Monks Investment Trust PLCAGM
Totally PLCAGM
Tuesday 6 September 
Ashtead Group PLCAGM
Berkeley Group Holdings PLCAGM
Brickability Group PLCAGM
Castelnau Group LtdAGM
DS Smith PLCAGM
Lamprell PLCAGM
Renold PLCAGM
Wednesday 7 September 
BlueRock Diamonds PLCAGM
CVC Income & Growth LtdEGM
Halfords Group PLCAGM
Jupiter Green Investment Trust PLCAGM
Mulberry Group PLCAGM
Okyo Pharma LtdAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Seed Innovations LtdAGM
Trifast PLCAGM
Yellow Cake PLCAGM
Thursday 8 September 
Atlantis Japan Growth Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM proposed equity capital raise
Caretech Holdings PLCGM takeover by Sheikh Holdings Group
Chariot LtdAGM
Chelverton UK Dividend Trust PLCAGM
Currys PLCAGM
Euromoney Institutional Investor PLCGM re takeover offer by Astorg and Epiris
Gabelli Merger Plus+ Trust PLCGM tender offers
Invesco Asia Trust PLCAGM
LendInvest PLCAGM
Lindsell Train Investment Trust PLCAGM
Montanaro European Smaller Cos Trust PLCAGM
ScotGems PLCGM re voluntary liquidation
Semper Fortis Esports PLCAGM
Severfield PLCAGM
Speedy Hire PLCAGM
SysGroup PLCAGM
WH Ireland Group PLCAGM
XPS Pensions Group PLCAGM
Friday 9 September 
Baillie Gifford UK Growth Trust PLC
AGM
CLS Holdings PLCGM re tender offer
Gear4Music Holdings PLCAGM
Newcrest Mining LtdAGM
Pensana PLCAGM
ReNeuron Group PLCAGM
SVM UK Emerging Fund PLCAGM
Victoria Oil & Gas PLCAGM
Voyager Life PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
5 Aug 2022 11:14

Pensana receives GBP10 million investment for Longonjo project

(Alliance News) - Pensana PLC on Friday said Angolan Sovereign Wealth Fund will make a further USD10.0 million equity investment into the London-based miner.

Read more
22 Jul 2022 12:02

IN BRIEF: Pensana starts to construct rare earth processing hub

Pensana PLC - London-based rare earth metal miner - Starts the construction of a rare earth processing hub in Yorkshire's Saltend.

Read more

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