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Pin to quick picksPhoenix Copper. Share News (PXC)

Share Price Information for Phoenix Copper. (PXC)

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Share Price: 19.25
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TRADING UPDATES: Atome's Paraguay progress; Severfield trades in-line

Thu, 08th Sep 2022 21:56

(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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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Signs two deals in Paraguay. "The memorandums of understanding are timed to coincide with the Invest in Paraguay conference currently being held by the Government of Paraguay in association with the Inter-American Development Bank and at which Atome's Chair, Peter Levine, is speaking," Atome says. Says approached by National Civil Aviation Authority of Paraguay, or DINAC, with view of using sustainable aviation fuels as part of decarbonisation plans. "A memorandum of understanding has now been signed between Atome and Dinac and Una under which the parties have agreed to work together with a view to identifying the potential for use of the company's products in the airports of Paraguay as well as co-operation on research projects and educational events promoting the benefits of the green fuels produced by the company," Atome says. Also strikes deal with Paraguay River & Maritime Shipowners Centre to examine how Paraguay's barge fleet can replace expensive diesel imports with use of domestically produced green fuels.

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Severfield PLC - Thirsk, England-based structural steelmaker - Says performance in first five months of year ending March 25, 2023 in line with internal expectations. Says "several ongoing contracts expected to deliver significant profits in H2". "Whilst we remain mindful of the macro-economic backdrop and particularly the inflationary pressures which are expected to continue for the foreseeable future, we are continuing to manage these well. Given the group's performance to date and the current visibility of future workload for delivery in the remainder of the 2023 financial year, we continue to expect to deliver further progress and a full year performance which is in line with our previous expectations," Severfield says.

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Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Says drilling at Empire open pit copper mine began in June. Aims to "further the company's understanding of metallurgical recovery using ammonium thiosulfate reagent". Says exploratory drilling in the North Pit/Red Star area to begin next week Thursday.

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Agronomics Ltd - Isle of Man, UK-based cellular agriculture company - Portfolio firm Bond Pet Foods Inc completes Series A financing round, raising USD17.5 million. Agronomics invested in firm back in September through USD150,000 convertible promissory note. Note now converted into 531,692 series A preferred shares, which represent 1.9% of ownership.

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HealthBeacon PLC - Dublin-based digital therapeutics company developing project for managing injectable medications - Launches HB Smart Pills Management System, designed to manage pill regimens. "The HB Smart Pills solution is an elegant device designed to fit into a patient's home managing up to nine oral medications and integrates seamlessly with the Company's existing technology platform. The innovative HB Smart Pills solution notifies the patient when prescription refills are required and records visual images of pill containers to ascertain medication adherence," company says.

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4Global PLC - London-based data, services and software for sporting events and the promotion of physical activity - Updates on progress with strategic priorities. These include landing new clients, expanding deals with existing customers, growth in North American and European markets, turning to targeted acquisitions and also eyeing data commercialisation. Says "North America and EU entry secured". On acquisitions, it says: "In line with its stated strategy of potentially acquiring profitable GBP1-3 million turnover companies, management has identified a number of technology and data companies which are of interest. Key criteria for any potential acquisition remains that they would allow 4GLOBAL to grow its client portfolio in key target geographical markets whilst at the same time bring complementary data and technology."

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Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Handed final approval by French government to acquire waste-to-energy gasification plant in Villers-sous-Montrond, France. "Eqtec France has launched an accelerated construction and commissioning programme to upgrade the plant. Once operational, the plant is expected to be France's largest ever combined heat and power gasification project, transforming 45,000 tonnes of mixed wood waste and refuse-derived fuel for export of clean electricity to the national grid, with the option of increasing its production capacity in future," company adds. Construction to begin in first quarter of 2023.

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Best of the Best PLC - London-based operator of weekly online raffle competitions - Signs non-binding letter of intent with Globe Invest Ltd. Duo will enter into licensing and distribution agreement, as well as marketing and collaboration pact. Best of the Best will exclusively license to Globe its business model, concept and related services to non-UK territories. "The marketing and collaboration agreement will allow GIL to promote BOTB content in the UK non-exclusively," Best of the Best says. "The parties will also discuss and agree cross-promotional commitments in connection with each party's products and services." In addition, Globe plans to acquire 30% strategic interest in Best of the Best. Stake will be acquired from firm's largest and founding shareholders, William Hindmarch and Rupert Garton. Hindmarch is Best of the Best's chief executive and Garton commercial director. Hindmarch currently holds 32% and Garton 9.1%. Following transaction, they will own 12% and 3.4%, respectively.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
16 Mar 2023 15:53

Phoenix Copper pleased with Empire assay results

(Sharecast News) - Phoenix Copper reported assay results from three metallurgical core holes at its Empire open-pit copper project on Thursday, located in Custer County, Idaho.

Read more
12 Jan 2023 21:20

TRADING UPDATES: Arkle finds pegmatites; Apollon win license 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:

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4 Jan 2023 15:41

Phoenix Copper rises on fresh Empire assay results

(Sharecast News) - United States-focussed Phoenix Copper reported assay results from a further two metallurgical core holes at its Empire open-pit copper project in Idaho's Custer County on Wednesday.

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4 Jan 2023 11:46

Phoenix Copper notes "robust" drill results from Empire copper asset

(Alliance News) - Phoenix Copper Ltd on Wednesday said latest drill results from its Empire copper asset were "robust".

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11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(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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10 Nov 2022 14:27

Phoenix Copper reports strong core results from Empire project

(Sharecast News) - United States-focussed base and precious metals explorer and producer Phoenix Copper reported assay results from the first three core holes at its Empire Open Pit Copper Project in Idaho on Thursday.

Read more
29 Sep 2022 11:41

IN BRIEF: Phoenix Copper half-year loss widens on administrative costs

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Interim loss widens as the firm continues to make no revenue. Half-year loss in the six months to June 30 widens to USD1.1 million, from USD199,481 a year ago. Administrative expenses increase to USD1.1 million, from USD295,368.

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12 Jul 2022 16:01

Phoenix Copper kicks off 2022 drilling programme

(Sharecast News) - Base and precious metals explorer and producer Phoenix Copper announced on Tuesday that its 2022 drilling programme was underway at the Empire Mine Project in Idaho.

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12 Jul 2022 13:55

IN BRIEF: Phoenix Copper starts drilling at Empire Mine in Idaho, US

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Starts drilling programme at Empire Mine project in Idaho, US. Says it will collect PQ-diameter core samples for metallurgical testing. Aims to examine the possibility of bringing forward the production of metals.

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8 Jun 2022 21:23

TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

(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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20 Apr 2022 20:40

TRADING UPDATES: SolGold hails Cascabel; President Energy upbeat

(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 Apr 2022 16:27

UK shareholder meetings calendar - next 7 days

Tuesday 5 April 
Allied Minds PLCGM
Athelney Trust PLCAGM
Scottish American Investment Co PLCAGM
Wednesday 6 April 
Downing Renewables & Infrastructure PLCAGM
Thursday 7 April 
RM PLCAGM
Friday 8 April 
Path Investments PLCGM re DG Innovate purchase and name change
Rio Tinto PLCAGM
Monday 11 April  
MC Mining LtdEGM 
Gore Street Energy Storage Fund PLCGM re investment and dividend policy
TruFin PLCGM re equity raise
Tuesday 12 April 
abrdn China Investment Co LtdAGM
Phoenix Copper LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 Mar 2022 18:37

IN BRIEF: Phoenix Copper engaging with brokers for loan note issue

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Company announces process of engaging a syndicate of US-based broker dealers to work with its existing brokers to launch a placing of non-dilutive loan notes to fund the development of the Empire Open Pit copper mine in Idaho, US.

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28 Mar 2022 10:30

IN BRIEF: Phoenix Copper posts similar loss in 2021 to year before

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Posts similar loss in 2021 to the year before, narrowing slightly to USD969,250 from USD971,850 in 2020. The loss per share decreases to USD0.90 from USD1.66, due to the number of shares in issue nearly doubling. Phoenix Copper does not yet produce revenue from its mineral exploration and development activities. The company says it has a positive outlook. "The metals markets continue to perform well, with copper recently climbing through an all-time high of USD5.00 per pound, zinc at a 15-year high of USD1.71 per pound, cobalt climbing back towards 2018 record prices, and gold and silver remaining robust above USD1,900 and USD24.50, respectively," says Chief Executive Officer Ryan McDermott.

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