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Pin to quick picksRed Rock Resources Share News (RRR)

Share Price Information for Red Rock Resources (RRR)

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TRADING UPDATES: Audioboom extends partnerships; Ecora eyes growth

Wed, 06th Mar 2024 18:07

(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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Audioboom Group PLC - Jersey-registered podcast publisher with offices in London and New York - Extends partnership with podcasts The Dim Dillon Show, Crime Weekly, True Crime Obsessed, Real Ghost Stories and I Think Not, which Audioboom says are key part of its creator network, contributing more than 90 million downloads to the network last year. Chief Executive Officer Stuart Last says: "We're so pleased to continue our work with five of our favourite podcasts. These shows trust Audioboom to deliver their technology, distribution and monetisation, and we look forward to a successful future together."

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Ecora Resources PLC - South and North America-focused royalty and streaming company providing capital to mining sector - Says continues to expect volume growth in 2024 at operations "underlying its producing royalty portfolio which, at current commodity price levels, would imply year-on-year portfolio contribution growth. In addition, Ecora's near-term development royalties are poised for significant de-risking events in the year ahead." Anticipates steel making coal production at Kestrel to increase at least 13% to between 1.8 and 2.0 million tonnes in 2024 from 1.6mt in 2023, but stay far below 4.1mt in 2022.

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Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Updates on its arbitration in the Democratic Republic of Congo regarding its USD10 million claim pursing in the country for its interest in the VUP copper-cobalt joint venture and regarding its gold assets and opportunities. Says it is in constant communication with its country representative, its lawyer, and its local partner and expects senior management to be in the Democratic Republic of Congo this or next week with a view to finalisation. Further, says a Red Rock team is in Kenya working on the renewal of the company's two licences. Looking ahead, Chair Andrew Bell says: "Gold is now trading at an all time high price, fulfilling predictions made for many months, and this will present us with more opportunities to crystallise and establish the value of our diversified gold portfolio, that contains early stage exploration, established Resources, and early and advanced stage development projects, as well as royalties."

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SolGold PLC - Ecuador-focused copper and gold exploration company - Signs a joint declaration in preparation of a complementary investment protection agreement with the government of Ecuador. SolGold says in addition to the USD311 million investment addressed by the current investment protection agreement, the complementary IPA there is a commitment to invest a total of USD3.2 billion over the subsequent years. Chief Executive Officer Scott Caldwell says: "The complementary investment protection agreement not only reinforces the protections for our key investment in Ecuador but also symbolizes a deepening of our relationship with the Ecuadorian State. President Noboa's attendance and insightful speech at the PDAC convention were warmly welcomed by the mining community and underscores the significant support of his administration for responsible mining in Ecuador."

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Westmount Energy Ltd - oil and gas investment firm focused on high impact drilling outcomes in emerging basins - Notes announcement by investee companies Africa Oil Corp and Eco Atlantic Oil & Gas Ltd regarding the farm-in of TotalEnergies. Africa Oil had announced a strategic agreement signed with units of TotalEnergies and QatarEnergy for the acquisition of participating interests in Block 3B/4B in the Orange Basin, offshore South Africa. The maximum transaction value is up to USD46.8 million.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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25 Jul 2022 14:34

IN BRIEF: Red Rock Resources issues GBP623,000 of convertible notes

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Issues GBP623,000 worth of convertible notes with accompanying warrants to high net worth investors. Says GBP367,000 of subscriptions for the notes were new subscriptions, and GBP256,000 were conversions of debt facilities. The notes are convertible into ordinary shares at a price of 0.6 pence each.

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6 Jul 2022 14:46

IN BRIEF: Power Metal and Red Rock buy Australian Berringa gold mine

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - and Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Acquires licence for the Berringa gold mine in Victoria, Australia via their subsidiary of their subsidiary Red Rock Australasia Pty Ltd.

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27 Jun 2022 18:14

IN BRIEF: Red Rock launches new cobalt joint-venture in Congo

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Announces new cobalt joint-venture in the Democratic Republic of Congo, with Societe d'Investissement Minier Akon et Sodimico SA, known as Simaks. Red Rock has acquired 58% of the Kimono cobalt-copper project in Haut Katanga province of the DRC, paying an initial amount of USD50,000. It will pay a further USD25,000 per quarter until USD400,000 is paid.

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13 Jun 2022 18:06

IN BRIEF: Red Rock notes potential for Mt Bute gold mineralisation

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Drilling results from hole MB22D001 at the Mt Bute prospect in Victoria, Australia, returning highly anomalous molybdenum and bismuth results, suggesting the possibility of intrusive gold mineralisation within the Victoria goldfields.

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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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24 May 2022 20:18

IN BRIEF: Power Metal-Red Rock joint venture secures Australia licence

Power Metal Resources PLC - metals exploration company focused in North America, Africa and Australia - Says joint-venture subsidiary New Ballarat Gold Corp, which is focused in the Victorian Goldfields of Australia, have been awarded three further exploration licences. These are EL007330, EL007294 and EL007507, bringing NBGC's combined footprint in the Victoria Goldfields to 1,832 kilometres. Licence also covers Ajax mine which historically produced 312,789 ounces of gold at an average grade of 14.8 grams per tonne in the 1920s. NBGC is a joint-venture held between Power Metal - at 49.9% - and its partner, London-listed Red Rock Resources PLC.

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6 May 2022 14:33

IN BRIEF: Investors gain 10% stake in Red Rock Resource subsidiary

Red Rock Resources PLC - natural resource development company with interests in Africa and Australia - Says an unnamed "group of high net worth investors" has acquired 10% of the company's 75% owned subsidiary African Lithium Resources Pvt Ltd for USD100,000. As a result, investors have an unspecified holding in the company's lithium interests. Consideration funds will be used in the development of African Lithium Resources' business, Red Rock explains.

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29 Apr 2022 19:34

TRADING UPDATES: Aurora Investment Trust beats annual benchmark

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

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12 Apr 2022 21:51

TRADING UPDATES: Gore Street fundraise; Pathfinder mulls disposal

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

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24 Mar 2022 15:58

UK shareholder meetings calendar - next 7 days

Friday 25 March 
Beazley PLCAGM
Coro Energy PLCGM re proposed bond restructuring
Europa Oil & Gas Holdings PLCGM re fundraise
Kitwave Group PLCAGM
Triad Group PLCGM re revised remuneration policy
Monday 28 March 
Congyar Investment Co PLCGM re share premium account cancellation
Go-Ahead Group PLCGM re accounts, remuneration, auditor
Jupiter Emerging & Frontier Income Trust PLCAGM
Tuesday 29 March 
Impax Asset Management Group PLCAGM
Tekmar Group PLCAGM
Wednesday 30 March 
Brunner Investment Trust PLCAGM
Mediazest PLCAGM
Micro Focus International PLCAGM
Parsley Box Group PLCGM re equity raise
Thursday 31 March 
Pressure Technologies PLCAGM
Red Rock Resources PLCAGM
Aukett Swanke Group PLCAGM
Various Eateries PLCAGM
Toople PLCAGM
BiVictriX Therapeutics PLCAGM
CloudCoCo Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

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

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15 Feb 2022 22:16

TRADING UPDATES: Burford, Frenkel Topping expect contrasting results

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

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4 Feb 2022 21:26

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

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4 Feb 2022 10:03

Red Rock awaiting several drilling results in coming weeks

(Sharecast News) - Natural resource development company Red Rock Resources updated the market on its current projects and review of assets on Friday, noting that results were expected "imminently" from gold, copper and cobalt drill programmes in three countries.

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19 Jan 2022 14:53

IN BRIEF: Red Rock has second court victory against DRC partner

IN BRIEF: Red Rock has second court victory against DRC partner

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