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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (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.

More News
6 Sep 2019 12:48

Strategic Minerals receives R&D reimbursement from Australian Tax Office

(Sharecast News) - Mining company Strategic Minerals received a AUD $296,594.33 payment from the Australian Taxation Office on Friday as part of a research and development reimbursement.

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6 Sep 2019 12:18

Strategic Minerals Granted Tax Refund From Australian Government

(Alliance News) - Strategic Minerals PLC on Friday said it has received a research and development reimbursement from the Australian government due to works conducted at a copper mine.The a

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25 Jul 2019 13:47

Strategic Minerals Settles Payment Structure For Redmoor Acquisition

(Alliance News) - Strategic Minerals PLC said Thursday that it has settled the payment structure to acquire New Age Exploration Ltd's 50% stake in Redmoor tin and tungsten project in Cornwall,

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27 Jun 2019 14:34

Strategic Minerals Amends Redmoor Deal Amid Cash Flow Changes

(Alliance News) - Strategic Minerals PLC on Thursday said it has reached an agreement to amend the terms for buying the remaining 50% stake in the Redmoor tin and tungsten project in Cornwall, for

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25 Jun 2019 14:29

Strategic Minerals Raises GBP890,000 As Awaits Client Payment

(Alliance News) - Strategic Minerals PLC on Tuesday said it has raised GBP890,000 through a 63.6 million share placing and subscription priced at 1.4 pence per share to tide the company over while

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25 Jun 2019 12:30

Strategic Minerals raises ?0.9m ahead of Cornwall Resources transaction

(Sharecast News) - Producing mineral company Strategic Minerals has raised £0.89m before expenses by way of a placing and subscription of 63,571,425 new ordinary shares at a price of 1.4p each, it announced on Tuesday.

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11 Jun 2019 16:06

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 12 JuneFilta GroupHC SlingsbyGANLondon & Associated 13 Morrison Jack 14

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10 Jun 2019 11:42

Strategic Minerals Prepares Claim For Outstanding USD4 Million Payment

LONDON (Alliance News) - Strategic Minerals PLC on Monday said it has yet to receive the USD4 million owed by a major client of its Cobre project and is preparing a claim for service.Shares

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29 May 2019 10:41

Strategic Minerals Defers Initial Payment For Cornwall Resources Buy

LONDON (Alliance News) - Strategic Minerals PLC is to defer the initial payment for its buyout of the Cornwall Resources Ltd joint venture, it said Wednesday.Strategic announced the earlier

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16 May 2019 11:15

Strategic Minerals Study At Redmoor Indicates Ten-Year Plus Mine Life

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said an updated scoping study of the Redmoor project suggests an indicative production rate of 660,000 tonnes per annum and a potential

Read more
14 May 2019 13:07

Strategic Minerals Annual Profit Hurt By Drop In Cobre Magnetite Sales

LONDON (Alliance News) - Strategic Minerals PLC on Tuesday said its profit fell in 2018 due to reduced domestic sales from its Cobre magnetite operations in the US.The minerals company a in

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13 May 2019 11:18

Strategic Minerals Inks Contract For Cornwall Resources Acquisition

LONDON (Alliance News) - Strategic Minerals PLC on Monday said it inked a binding contract for the acquisition of a 50% stake in of Cornwall Resources Ltd, a joint venture vehicle holding the tin

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3 May 2019 14:53

Strategic Minerals confirms first sale of copper cement from Leigh Creek

(Sharecast News) - Battery materials-focussed mineral company Strategic Minerals announced on Friday that the Leigh Creek Copper Mine operation had made its first sale of copper cement produced at the Mountain of Light processing facility.

Read more
3 May 2019 11:17

Strategic Minerals Achieves First Copper Cement Sale From Leigh Creek

LONDON (Alliance News) - Strategic Minerals PLC has sold its first copper cement from the Leigh Creek mine, it said Friday, weeks after first production.Strategic announced production from

Read more
11 Apr 2019 13:47

Strategic Minerals Produces First Copper Cement At Leigh Creek

LONDON (Alliance News) - Strategic Minerals PLC on Thursday said copper production from its processing facility at the Leigh Creek copper mine has restarted.The Mountain of Light facility,

Read more

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