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TRADING UPDATES: Equals buys Roqqett; Aviva reappoints DWF

Mon, 09th Jan 2023 16:52

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

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Team17 Group PLC - Nottingham, England-based video game development company and publisher of educational entertainment apps for children - Says trading in the year ended December 31 will be "at least" in line with market expectations. Adds that it will be providing a trading update in the week commencing January 16.

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Equals Group PLC - London-based payments firm for small and medium enterprises - Receives regulatory approval from the Financial Conduct Authority for the acquisition of open banking payments platform Roqqett Ltd. The acquisition is now complete. The acquisition includes an initial GBP1.0 million cash payment, followed by three deferred payments totalling GBP1.3 million. The deferred payments comprise one payment of GBP250,000 and two payments of GBP500,000, one of which is in cash while the other will be satisfied by the issue of shares in Equals at the price of 87.23 pence per share. Expects the acquisition to be earnings accretive in the medium term and will allow the company to "widen the addressable markets for its services as well as driving growth."

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Trident Royalties PLC - London-based mining royalty and streaming company - Notes Lithium Americas Corp announcement regarding Thacker Pass lithium project. Says the US District Court in Nevada reaffirmed that no additional hearings or briefings are required and it expects to issue a decision in the next couple of months. Trident holds a 60% interest in a gross revenue royalty over the entirety of the project; Lithium Americas is the project operator. Chief Executive Adam Davidson says: "Thacker Pass is a critical project for the USA to establish a robust battery metal supply chain. It is also a cornerstone asset within our portfolio and provides battery metal exposure and significant future revenues."

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DWF Group PLC - Manchester, England-based legal business with operations in North America - Says it has been reappointed to Aviva PLC's core legal panel. Under the agreement, DWF will provide a "broader" range of services to meet Aviva's requirements in England & Wales, Scotland, Northern Ireland and globally where required. The panel reappointment is effective immediately and is for a minimum period of three years. DWF Global Head of Insurance Glyn Jones: "We have worked with Aviva for many years and are very pleased that through this latest reappointment we will now be able to provide an expanded range of services, reflecting the breadth of expertise and quality of delivery in our insurance business."

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Kazera Global PLC - diamond and rare earths explorer in South Africa and Namibia - Receives further cleared funds of USD716,265 from Hebei Xinjian Construction. In December, Kazera signed a definitive agreement to sell its 100% interest in African Tantalum (Proprietary) Ltd to Hebei Xinjian Construction for USD13.0 million. Kazera has now received USD1.7 million to date. Complete operational control has now passed to Xinjian, with Xinjian responsible for ongoing costs and retaining revenue from operations save for a 2.5% royalty to be paid to Kazera in perpetuity. "The receipt of this further payment is another positive gauge of Xinjan's confidence in the asset and highlights the positive working relations between the two parties in the transition and we are pleased to have now transferred operational control. The buyers are now well ahead of the payment schedule, and we look to continue this strong track record through to completion of the sale," says Chief Executive Dennis Edmonds.

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Anglo Asian Mining PLC - London-based gold, copper and silver producer focused on Azerbaijan - Makes third investment TSX-listed Libero Copper & Gold Corp to buy 2.6 million shares at 15 Canadian cents each, for a total of CAD390,000, or USD289,000. The investment maintains Anglo Asian's 19.8% holding in Libero, which owns or has the right to acquire several copper exploration properties in North and South America. Chief Executive Reza Vaziri says: "We are pleased to make a third investment in Libero in little over a year. With an exciting range of significant copper assets across the Americas, and an experienced management team, we have the upmost confidence in Libero to develop these assets in a swift and responsible manner."

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Sunrise Resources PLC - Macclesfield, England-based mine developer with operations in Nevada, US - Says Tolsa USA Inc has staked additional claim at the company's Pioche Sepiolite Project following its recent trenching programme and decision to move to a resource drilling programme in Spring 2023. Tolsa is the US subsidiary of Madrid-based sepiolite producer Tolsa SA. Says additional mining claims stake to more than double the size of the Pioche Sepiolite project area. Sunrise says that Tolsa is required to make a payment of USD50,000 to the company to continue its option to purchase the Pioche Sepiolite project in Nevada, US for 12 months. This means that Tolsa can purchase the Pioche project for USD1.3 million by December 28, 2023. It is also required to pay Sunrise a 3% royalty.

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Sunrise Resources agrees sale of 29 Nevada mining claims

(Sharecast News) - Sunrise Resources announced an agreement for the sale of 29 mining claims dedicated to diatomite in the Crow Springs area of Nevada on Tuesday, to Dicalite Management Group.

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15 Feb 2024 14:43

UK shareholder meetings calendar - next 7 days

Friday 16 February 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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24 Jan 2024 11:06

IN BRIEF: Sunrise annual loss narrows on lower costs; posts no revenue

Sunrise Resources PLC - Cheshire, England-based company focused on industrial mineral projects in Nevada - Says pretax loss narrowed to GBP391,291 in the year ended September 30, from GBP478,223 the year before. Pre-licence exploration costs fell 33% to GBP3,753 from GBP5,638. Does not report revenue for the financial year, unchanged from the previous year.

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18 Jan 2024 20:55

TRADING UPDATES: Accrol makes buy; Artemis begins reconnaissance work

(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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27 Dec 2023 11:36

Sunrise Resources grants year-long option extension to Tolsa

(Alliance News) - Sunrise Resources PLC on Wednesday said it has granted an option extension to Tolsa USA Inc for the purchase of its Pioche Sepiolite project.

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4 Dec 2023 14:30

Golden Metal and Sunrise Resources hail mineralisation at Garfield

(Alliance News) - Golden Metal Resources PLC on Monday touted the prospectivity of the Garfield project in Nevada, after testing revealed "extensive" high-grade copper, silver and gold mineralisation.

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7 Nov 2023 18:11

TRADING UPDATES: Actual Experience appoints administrators

(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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31 Oct 2023 14:23

TRADING UPDATES: Amaroq wins two new exploration licences in Greenland

(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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27 Sep 2023 14:42

TRADING UPDATES: SIMEC Atlantis swings to profit; System1 optimistic

(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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15 Sep 2023 12:00

Sunrise reports positive findings of US cement market study

(Sharecast News) - Sunrise Resources released the findings of a comprehensive market study in collaboration with Cement Distribution Consultants of Amsterdam on Friday.

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15 Sep 2023 11:30

IN BRIEF: Sunrise eyes rise in US cementitious material consumption

Sunrise Resources PLC on Friday - Cheshire, England-based company focused on industrial mineral projects in Nevada - Says it expects US consumption of supplementary cementitious materials to rise by 10% per year to 154 million tonnes by 2030 from 129 million in 2021, following a market study to examine cement markets in the states of California and Nevada. Eyes output of natural pozzolan to increase substantially in California and Nevada.

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25 Jul 2023 13:26

IN BRIEF: Sunrise Resources says definition drilling at Pioche underway

Sunrise Resources PLC - Cheshire, England-based company focused on industrial mineral projects in Nevada - Says resource definition drilling is underway at its Pioche sepiolite project. Says programme is set to drill 24 holes at an average depth of approximately 50 feet. Adds sepiolite producer and subsidiary of Spain-based Tolsa SA, Tolsa USA, has the option to purchase the Pioche project for USD1.3 million no later than December 28. Sunrise Resources would retain 3% revenue royalty on production from the project area should Tolsa purchase the Pioche project.

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29 Jun 2023 11:58

Sunrise Resources follows up on surprisingly high zinc at Nevada asset

(Alliance News) - Sunrise Resources PLC on Thursday said it revisited its high grade zinc sample site at its Reese Ridge project in Nevada, US, after previously recording 15.9% of high-grade zinc content.

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12 Jun 2023 13:27

Sunrise Resources asset receives US drilling approvals ahead of sale

(Alliance News) - Sunrise Resources PLC on Monday said Tolsa USA Inc received approvals from the US Bureau of Land Management for its planned resource definition drill programme.

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