Rainbow Rare Earths discuss progress and continued flowsheet optimisation at Phalaborwa Project. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.225
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.05 (25.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.225

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS AND TRADING: Asiamet Resources declares special dividend

Fri, 10th May 2024 16:39

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

----------

VH Global Sustainable Energy Opportunities PLC - London-based investor in energy infrastructure - Announces a major milestone for its 10 megawatt UK flexible power asset with carbon capture and re-use. Says following the successful completion of a series of commissioning tests by Landmark Power, Yellow Power and Rolls Royce MTU the operations of the asset's power plant, comprising four Rolls Royce 16V engines, has now been transferred to its operating partner LMPH. The testing and commissioning process took two weeks during which time the units successfully generated power to the grid. Notes the timeline for the testing and integration of the CCR element of the asset is still on track to be complete in the second half of the year with all key equipment now on site and installed.

----------

Graft Polymer (UK) PLC - London-based developer and producer of polymer modification and drug delivery systems - Says operational review referenced last Thursday has begun. Explains the review is focused on the healthcare industry orientated Graft Bio division which, company says, has "strong prospects" through its intellectual property, licensing agreements, and sales contracts.

----------

Keras Resources PLC - Surrey, England-based mine developer focused on West Africa and the US - Says that following the cooperation agreement signed with the Republic of Togo in May 2023 related to the Nayega Manganese mine that activities have recommenced at Nayega. Adds the State, through its 100% owned investment company Societe Togolaise de Manganese, is currently managing a public-private partnership award procedure to appoint a contractor to manage all activities at Nayega. The tender process closes on June 7 and requires the successful applicant to be fully mobilised within 6 months of the tender award. As announced in 2023, Keras has advisory and brokerage agreements with the State. Chief Executive Graham Stacey says: "The mobilisation of key staff at Nayega and the issue of a request for tender for the management of the Nayega operation is a significant step forward in the development of this asset which the company fully supports and is very much in line with the 2023 cooperation agreement we have."

----------

DG Innovate PLC - London-based research and development company focused on environmental improvements to electric vehicle drive and energy storage technologies - Raises GBP786,500 via placing at 0.10 pence per share with certain institutional and other investors. Notes the placing was cornerstoned by Norway's largest financial services group, DNB ASA, which will hold around 4.9% of the company's share capital. Says the placing was substantially oversubscribed. Proceeds will provide short term funding to support the establishment of the joint venture with EVage Automotive Pvt Ltd and other commercial strategies, and also strengthen the balance sheet ahead of a proposed move to the AIM market of the London Stock Exchange and an associated fundraise.

----------

Strategic Minerals PLC - London-based mining and exploration company - Says 100% owned subsidiary Cornwall Resources Ltd continues to develop the Redmoor Project through a process of relogging and sampling of its drill core. Notes the potential for resource upside has been identified from previously unsampled mineralisation. Says a sample has been selected and shipped for geochemical analysis, with results expected within 2 months. Re-logging and sampling continue with additional samples in preparation for dispatch. "This process has the potential to have positive upsides at a low cost," company says.

----------

Kefi Gold and Copper PLC - exploration and development company focused on gold and copper projects in the Arabian-Nubian Shield - Provides an operational update for the Hawiah Copper-Gold Project in the company's minority-owned Gold & Minerals Ltd joint venture. At Hawiah, says over 50,000m of the 65,000m infill drilling programme is complete in preparation for updating the existing Mineral Resource Estimate. Notes results are in-line with expectations as modelled. Further, says a second phase of drilling has started at the satellite Al Godeyer deposit. This aims to infill and expand its maiden MRE reported in 2023.

----------

Triple Point Social Housing REIT - London-based real estate investment trust, with a portfolio focused on social and supported housing in the UK - As part of its commitment to delivering value to shareholders, plans to "actively" review the terms of the investment management arrangements, with the objective of aligning these further with the interests of shareholders. This starts immediately and is expected to be completed within three months. Remains committed to exploring "all avenues" in order to deliver further value to shareholders.

----------

PetroTal Corp - Calgary, Canada-based firm focused on oil and gas development in Peru - Reports first quarter net income of USD47.6 million down from USD53.5 million a year prior. Adjusted earnings before interest, tax, depreciation and amortisation was USD82.9 million more than doubled from USD40.8 million. Reports average first quarter 2024 sales and production of 18,347 and 18,518 barrels of oil per day respectively, PetroTal's second best quarter to date and within guidance. Exits quarter in a strong cash position with USD85.2 million in total cash. "Q1 2024 was an exceptional and near record quarter for PetroTal. Cash flow was stronger than projected in previously announced guidance, allowing the company some additional flexibility to plan for upcoming heavier [capital expenditure] quarters likely to be seen under dry season conditions," company says.

----------

Artemis Resources Ltd - Western Australia-focused gold, copper and lithium explorer - Says recent ground reconnaissance program continues to demonstrate consistency, growing the strike length and grade of its lithium prospects in the Pilbara region of Western Australia. Executive Director George Ventouras comments: "We are pleased with the results of the latest sample assays received from the lab which continue to point to a high-grade lithium mineralised system. The Mt Marie prospect is fast becoming a priority one target which will be ripe for drilling once heritage clearances are completed."

----------

Asiamet Resources Ltd - London-based mineral exploration company focused on copper, gold and polymetallic assets in Indonesia - Pretax loss in 2023 narrows to USD5.2 million from USD7.0 million a year prior. Discloses no revenue, unchanged. Expenses fall to USD5.1 million from USD6.9 million.

----------

PureTech Health PLC - Boston, Massachusetts-based biotherapeutics company - Presents data from multiple SPT-300 trials at Society of Biological Psychiatry annual meeting. Notes SPT-300 demonstrates nine times greater allopregnanolone exposure in humans dosed orally than published data for oral allopregnanolone. In a Phase 2a trial, notes SPT-3002 substantially reduces stress-induced levels of cortisol, supporting Seaport's planned studies in mood and anxiety disorders, including anxious depression.

----------

Amati AIM VCT PLC - Edinburgh-based investment company - Proposes special dividend of 10 pence per share. Forms part of strategic review which is ongoing. Reflects "current high cash levels, limited new investment opportunities on AIM and ongoing realisations from the portfolio," company says.

----------

Catenai PLC - London-based media and technology company - Following shareholder approval, provides the first tranche of GBP150,000 to Klarian as part of the convertible loan note announced in April.

----------

Argentex Group PLC - international provider of foreign exchange services for institutions, corporates and high-net-worth private individuals - Following completion of retail offer, plans to issue 7.2 million shares at the issue price of 45 pence per share to raise around GBP3.3 million.

----------

Bens Creek Group PLC - owner and operator of metallurgical coal mines across North America - Updates on the Group's Chapter 11 cases. Notes an amended debtor-in-possession financing was put forward to the Court by Avani Resources Pte Ltd, the company's largest shareholder. Explains a further court hearing will be held on June 6. In the interim, to enable the Chapter 11 companies to fund their operations and meet their payment obligations between now and the hearing, Court gives interim acceptance of the new Avani DIP facility and consequently allows the Chapter 11 companies to drawdown up to USD2 million from it. Through management of its creditors, Bens Creek says it has extended its cash runway position and has sufficient cash to meet its immediate day-to-day working capital obligations. In the absence of any additional funds being received or a change to its financial position, the group now has an expected cash runway through to the end of May.

----------

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
20 Jul 2022 10:54

IN BRIEF: Strategic Minerals posts lower Cobre sales, cash balance

Strategic Minerals PLC - London-based exploration and production company - Posts lower sales at its Cobre magnetite operation in New Mexico and cash balance falls.

Read more
29 Jun 2022 21:29

TRADING UPDATES: Aquila closes acquisition; Mila's "impressive" assays

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

Read more
29 Jun 2022 15:56

UK shareholder meetings calendar - next 7 days

Thursday 30 June 
3i Group PLCAGM
Ashtead Technology Holdings PLCAGM
Borders & Southern Petroleum PLCAGM
Caspian Sunrise PLCAGM
Cobra Resources PLCAGM
Crimson Tide PLCAGM
ECSC Group PLCAGM
Evraz PLCAGM
Gresham House Energy Storage Fund PLCAGM
GRIT Investment Trust PLCAGM
Gulf Marine Services PLCAGM
Hamak Gold LtdAGM
Hemogenyx Pharmaceuticals PLCAGM
Immotion Group PLCAGM
Inspiration Healthcare Group PLCAGM
Inspired PLCAGM
Jadestone Energy PLCAGM
Kanabo Group PLCAGM
Kropz PLCAGM
Likewise Group PLCAGM
Live Co Group PLCAGM
Location Sciences Group PLCAGM
LoopUp Group PLCAGM
M&C Saatchi PLCAGM
Microsaic Systems PLCAGM
Nostra Terra Oil & Gas CoAGM
Pathfinder Minerals PLCAGM
Playtech PLCAGM
Primorus Investments PLCAGM
Rockfire Resources PLCAGM
Roquefort Therapeutics PLCAGM
Sanne Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serica Energy PLCAGM
Supply@ME Capital PLCAGM
Surface Transforms PLCAGM
Synairgen PLCAGM
Tower Resources PLCAGM
Trainline PLCAGM
ValiRx PLCAGM
Victoria Oil & Gas PLCAGM
Watchstone Group PLCAGM
Friday 1 July 
All Star Minerals PLCGM re name change to Marula Mining
Monday 4 July 
Active Energy Group PLCAGM
Clean Invest Africa PLCAGM
Securities Trust of Scotland PLCAGM
Tuesday 5 July 
Immediate Acquisition PLCAGM
Marks & Spencer Group PLCAGM
Open Orphan PLCAGM
Saga PLCAGM
Smartspace Software PLCAGM
Young & Co's Brewery PLCAGM
Wednesday 6 July 
Assura PLCAGM
ContourGlobal PLCGM re acquisition by KKR
GSK PLCGM re Consumer Healthcare demerger, Haleon listing
Mining Minerals & Metals PLCAGM
PCF Group PLCGM re director allotment authority
Puma Alpha VCT PLCAGM
Shires Income PLCAGM
Sirius Real Estate LtdAGM
Strategic Minerals PLCAGM
Worldwide Healthcare Trust PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
10 Jun 2022 09:24

Strategic Minerals annual profit halves; confident in resource prices

(Alliance News) - Strategic Minerals PLC on Friday reported a lower profit in 2021, as revenue fell.

Read more
22 Apr 2022 15:17

TRADING UPDATES: Itaconix fundraise; Graft Polymer, MGC in patent wins

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

Read more
22 Apr 2022 09:58

Strategic Minerals quarter marred by weaker January

(Sharecast News) - Strategic Minerals updated the market on the Cobre magnetite operation in New Mexico on Friday, reporting that sales to the project's largest client returned to "normal levels" in February and March.

Read more
21 Apr 2022 13:11

Strategic Minerals gets 10-year extension to Redmoor licence

(Sharecast News) - Strategic Minerals announced on Thursday that its wholly-owned subsidiary Cornwall Resources (CRL) has signed a 10-year extension to its Redmoor exploration licence agreement.

Read more
28 Mar 2022 18:14

IN BRIEF: Strategic Minerals gains extended access to Cobre stockpile

Strategic Minerals PLC - London-based exploration and production company - Gains extension to access to the magnetite stockpile in New Mexico from the recently announced rollover to March 31, 2023 until March 31, 2027.

Read more
3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

(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
26 Jan 2022 21:48

IN BRIEF: Strategic Minerals expects annual profit despite revenue dip

IN BRIEF: Strategic Minerals expects annual profit despite revenue dip

Read more
23 Dec 2021 12:16

Strategic Minerals shifts funding focus for Leigh Creek mine

(Sharecast News) - Strategic Minerals updated the market on progress in relation to funding of the Leigh Creek Copper Mine on Thursday, as well as progress on addressing the conditional elements of the project's programme for environmental protection and rehabilitation (PEPR).

Read more
23 Dec 2021 11:22

Strategic Minerals looks for alternate routes to fund copper mine

Strategic Minerals looks for alternate routes to fund copper mine

Read more
23 Dec 2021 11:18

AIM WINNERS & LOSERS: Libertine and CT Automotive rise on market debut

AIM WINNERS & LOSERS: Libertine and CT Automotive rise on market debut

Read more
17 Nov 2021 16:02

Strategic Minerals finds more high-grade tin in pit samples

(Sharecast News) - Producing mineral company Strategic Minerals announced on Wednesday that its wholly-owned subsidiary Cornwall Resources (CRL) has identified further significant high-grade tin in four pit samples taken to the west of its main Redmoor deposit.

Read more
17 Nov 2021 12:09

TRADING UPDATES: Wincanton Primark deal; Mode Global cuts bitcoin fees

TRADING UPDATES: Wincanton Primark deal; Mode Global cuts bitcoin fees

Read more

Free Investment Tools

Register for FREE

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.