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Pin to quick picksStrategic Minerals Share News (SML)

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UK TRADING UPDATE SUMMARY: Petra Strikes Deal With South African Union

Tue, 06th Oct 2020 19:28

(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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Petra Diamonds Ltd - operator of diamond mine in South Africa - Concludes one-year wage agreement with National Union of Mineworkers which covers operations in South Africa for year ending June 30, 2021. To make one-off payment to employees in A and B Paterson Bands grade of between ZAR5,000, about GBP232.86, to ZAR8,000. "In addition, employees in the A Paterson band will receive an increase of 5.5% in their cash earnings, effective 1 January 2021, with employees in the B Paterson band receiving 5%. Apart from wage increases, the agreement also covers various outstanding discussion points between Petra and the NUM, with clear timelines for finalisation of these, as well as a commitment to continue discussions on a wage agreement for the following financial year to 30 June 2022," Petra said.

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Strategic Minerals PLC - battery materials minerals company with asset in Australia - Reports "significant uplift" to economics at unit Cornwall Resources Ltd's project following updated mining scoping study. Internal rate of return rises to 29% and net present value with 8% discount at USD128 million, assuming consistent metal price assumptions.

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Galantas Gold Corp - owner of Omagh gold mine in Northern Ireland - Says underground mining operations at Omagh remain suspended but concentrate processing re-started on May 26. In third quarter ended September 30, 98 tonnes of concentrate was despatched, containing an estimated 386.2 troy ounces of gold. "Active discussions continue with a number of potential partners regarding funding to provide the investment required for additional mine development and exploration," Galantas said.

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Caledonia Mining Corp - St Helier-based miner - Signs agreement with government of Zimbabwe to evaluate mining rights, properties or projects in gold sector. "Caledonia believes Zimbabwe is a highly prospective region for gold discoveries. Caledonia has assessed and continues to assess investment opportunities in the Zimbabwe gold sector that are privately owned," Caledonia said.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Geochemical review finds Eldorado prospect at Mt Oxide project to be "prospective for structurally controlled copper and gold mineralisation". Commencing drilling at Mt Oxide among the next steps for company.

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Chaarat Gold Holdings Ltd - London-based gold miner focused on Armenia and Kyrgyz Republic - Refinances USD19.4 million of loans plus USD1.1 million of interest. Notes USD13.5 million of investor loan extended to December 31, 2024 with 9.5% interest. Reports USD7.0 million loan with same lender has option for maturity date extension to December 31, 2021. Interest rate increases to 14% from 13% and principal repayment rises to USD7.5 million.

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Tertiary Minerals PLC - Nevada-focused mineral exploration and development company - Toronto-listed Aurion Resources Ltd completes maiden drill programme at Kaaresselka Project in Finland, where Tertiary holds "various royalty interests".

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Blue Star Capital PLC - esports, payments and technology focused investor - Investee company Dynasty eSports Pte Ltd signed three software as a service agreements in third quarter, providing extra contracted SaaS revenue of USD2.8 million over the next year. Blue Star notes its 13% stake in Dynasty is valued at GBP1.3 million.

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Curtis Banks Group PLC - financial services firm - Expects to complete acquisition of Talbot & Muir Ltd on October 30 and said all preconditions have been satisfied.

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Supermarket Inc REIT PLC - UK-focused supermarket income trust - Increases initial issue size to up to GBP200 million from GBP150 million amid "strong level of support from investors".

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Altus Strategies PLC - Didcot, Oxfordshire-based mineral project royalty generator - Says 3,800 metre drilling at Lakanfla gold project, Mali begins. Programme funded by Marvel Gold Ltd, as part of joint-venture with Altus.

Panthera Resources PLC - Manchester-based gold explorer - Secured interest in Bido PRM licence with support of joint-venture partners and Ministry of Mines of Burkina Faso.

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Edenville Energy PLC - operating of the Rukwa coal project in southwest Tanzania - Says employee numbers at Rukwa have been chopped by 50%. Says anticipated handover date of operations at Rukwa to Infrastructure & Logistics Tanzania Ltd hit by administrative issues in Tanzania.

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Vast Resources PLC - mining company - Says Atlas Special Opportunities LLC gives notice that it wishes to convert bonds of USD500,000. "The company can confirm it has satisfied the exercise of conversion rights by making payment of the cash alternative amount of USD555,555," Vast said.

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SolGold PLC - Australian gold and copper mining company - Says drill rig arrives at Cerro Quiroz, Ecuador to begin drilling at Blanca project.

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Zenith Energy Ltd - Africa-focused oil and gas producer - Requests for shares to be suspended as yet to publish annual report for year to March 31.

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Good Energy Group PLC - renewable electricity supplier - Notes Zap-Map completes roll-out of new electric vehicle charging payment service with launch partner Engenie.

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Plant Health Care PLC - North Carolina-based agriculture firm - Reports four new PREtec peptide products patents issued by US Patent & Trademark Office. Expects to be granted additional patents before end of year and has filed more than 50 applications since 2012.

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Oncimmune Holdings PLC - immunodiagnostics company - Collaboration with Medicines Discovery Catapult awarded UK government funding which will go towards research tool for infectious diseases. "This collaboration represents a critical partnership in response to the Covid-19 pandemic and will focus on enabling better treatment selection for patients according to their immune profile," Oncimmune said.

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RBG Holdings PLC - London-based law firm - Says law fim Rosenblatt Ltd has continued to trade well, notes case volumes and value " significantly ahead year-on-year". Expects revenue and realised gains between GBP24 million and GBP26 million, improved from GBP23.7 million in 2019.

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St Peter Port Capital Ltd - investment company - Sells entire holding in Agriculture Investment Group Corp for USD176,474. Says 336,140 shares sold at 52.5 cents each. "The proceeds of the sale will be used for general corporate purposes," company says.

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Tetragon Financial Group Ltd - finance-focused investment firm - Says diversified alternative asset management business, TFG Asset Management enters into agreement with Brandon Baer. Tetragon says it will invest in Baer's newly-created company names Contingency Capital, an asset manager of litigation finance related investment funds. "TFG Asset Management will receive a significant minority equity interest in Contingency Capital and Tetragon will provide Contingency Capital with, among other things, working capital and a USD50 million commitment to Contingency Capital's first commingled investment fund, with Tetragon retaining the option to invest further amounts," Tetragon said.

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Augmentum Fintech PLC - fintech investment company - Investee Seedrs announces plans to merge with Crowdcube, "creating one of the world’s largest private equity marketplaces", Augmentum said. Investee Tide awarded GBP25 million grant from RBS Alternative Remedies Package to "strengthen the challenge to high street banks".

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Merian Chrysalis Investment Co Ltd - London-based investor in later stage private companies - Raises target result of placing to GBP75 million due to "significant demand".

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CareTech Holdings PLC - Potters Bar, Hertfordshire-based social care and education services provider - Completes deal to take majority stake in Smartbox Assistive Technology Ltd and Sensory Software International Ltd. Smartbox provides technology allowing disabled people without speech to communicated easier. CareTech pays GBP10.6 million to take 70% stake.

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Tribal Group PLC - education software and services provider - Wins GBP2 million contract for supply of SITS:Vision Student Management System to Arden University for five years. "There is an option to extend for an additional two years at the end of the initial contract period and then extend for a further two years beyond that," Tribal said.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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11 Apr 2019 12:19

Strategic Minerals Quarter Suffers From Maintenance And Client Issues

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said quarterly sales and production at its Cobre magnetite operations in the US were hurt by plant maintenance and issues with a major a

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8 Apr 2019 10:11

Strategic Minerals acquisition of remainder of Redmoor project advances

(Sharecast News) - Battery materials-focussed producing mineral company Strategic Minerals has been informed by New Age Exploration that it would not be required to refer its decision to sell its entire 50% shareholding in Cornwall Resources - the joint venture vehicle developing the Redmoor tin and tungsten project in Cornwall - to shareholders at a general meeting, it said on Monday.

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18 Mar 2019 12:49

Strategic Minerals Buys Remainder Of Redmoor Tin Tungsten Project

LONDON (Alliance News) - Strategic Minerals PLC said Monday it has agreed to buy the remaining 50% stake held in Cornwall Resources from its joint venture partner New Age Exploration acquisition a

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18 Mar 2019 11:45

Strategic Minerals to take 100pc stake in Cornwall Resources

(Sharecast News) - Strategic Minerals has entered into arrangements with New Age Exploration to acquire its entire 50% shareholding in Cornwall Resources - the joint venture vehicle developing the Redmoor tin and tungsten project in Cornwall, it announced on Monday.

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7 Mar 2019 15:14

Strategic Minerals schedules re-start at Mountain of Light facility

(Sharecast News) - Battery minerals company Strategic Minerals announced on Thursday that copper production was scheduled to start-up again at the Leigh Creek Copper Mine's 'Mountain of Light' processing facility in April, starting with the refurbishment and the trial reactivation of the existing processing plant and heap leach pads.

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7 Mar 2019 14:33

Strategic Minerals Ready To Get Going Again At Leigh Creek In April

LONDON (Alliance News) - Strategic Minerals PLC said on Thursday production is to re-start at Australia's Leigh Creek copper mine in April.Strategic Minerals has engaged PPM Global to a

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4 Mar 2019 12:52

Strategic Minerals To Issue Final 2.9 Million Shares For Leigh Creek (ALLISS)

LONDON (Alliance News) - Strategic Minerals PLC on Monday said it has arranged the issue of the final 2.9 million shares due to Resilience Mining Australia Ltd for the acquisition of Leigh Creek a

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4 Mar 2019 09:24

Strategic Minerals issues remaining shares for Leigh Creek acquisition

(Sharecast News) - Battery minerals-focussed Strategic Minerals announced on Monday that it has arranged the issuance of the remaining 2,866,730 shares due to Resilience Mining Australia, for the acquisition of the Leigh Creek Copper Mine.

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18 Feb 2019 13:14

Strategic Minerals Says Mountain Of Light Results Better Than Expected

LONDON (Alliance News) - Strategic Minerals PLC said Monday the assay results from the diamond drill programme at the Paltridge North and Rosmann East deposits at the Mountain of Light project in

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14 Feb 2019 11:49

Strategic Minerals Notes Trebling Of Redmoor Metal Estimate

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said a mineral resource update from its Redmoor tin-tungsten mine in Cornwall has trebled the previous contained metal drilling at is by

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23 Jan 2019 11:17

Strategic Minerals Excited After "Impressive" Redmoor Drill Results

LONDON (Alliance News) - Strategic Minerals PLC on Wednesday said latest results from its drilling programme at the Redmoor tin-tungsten project are "exceptional".Every hole in a

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14 Jan 2019 11:42

Strategic Minerals Gets Early Extension To Cobre Stockpile Access

LONDON (Alliance News) - Battery minerals producer Strategic Minerals PLC on Monday said that its subsidiary, Southern Minerals Group, received an early rollover of access to the Cobre magnetite a

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6 Dec 2018 15:55

Strategic Minerals Commences Australia Mountain Of Light Refurbishment

LONDON (Alliance News) - Battery minerals producer Strategic Minerals PLC on Thursday said it has begun refurbishment at its Mountain of Light processing plant in south Australia, which may be of

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6 Dec 2018 15:49

Strategic Minerals boosted by Australian copper mineralisation

(Sharecast News) - Strategic Minerals' shares surged on Thursday after intersecting "significant" copper mineralisation at its Leigh Creek Copper Mine (LCCM) project in South Australia.

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4 Dec 2018 13:33

Strategic Minerals Starts Electromagnetic Survey At Nickel Project

LONDON (Alliance News) - Strategic Minerals PLC said Tuesday that unit Central Australian Rare Earths Pty Ltd has commenced a electromagnetic geophysical survey for potential Nickel sulphide at in

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