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Pin to quick picksSunrise Res Share News (SRES)

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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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25 Oct 2022 14:53

TRADING UPDATES: Gunsynd invests; AQRU launches crypto-backed loans

(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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25 Oct 2022 14:18

Sunrise confirms start of trenching at Pioche

(Sharecast News) - Sunrise Resources announced on Tuesday that Tolsa USA has received approval from the US Bureau of Land Management (BLM) for its proposed trenching programme at the company's Pioche Sepiolite Project in Nevada.

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14 Oct 2022 19:55

TRADING UPDATES: Pembridge Resources sales rise; RECI net assets up

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

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12 Oct 2022 12:39

Sunrise Resources enters pozzolan testing arrangement

(Sharecast News) - Sunrise Resources announced the start of a collaborative arrangement with an existing processor of natural pozzolan for mining and test grinding of a bulk sample of its Hazen natural pozzolan deposit in northern Nevada on Wednesday.

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2 Sep 2022 09:47

Sunrise Resources shares up on USD1.3 million purchase option

(Alliance News) - Sunrise Resources PLC on Friday reported it granted Tolsa USA Inc a USD1.3 million purchase option for the Pioche Sepiolite project in the US state of Nevada.

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12 Jul 2022 16:02

IN BRIEF: Sunrise Resources shares fall on GBP100,000 placing

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Raises GBP100,000 through a conditional placing of 100 million shares at a price of 0.1 pence per share. The placing was arranged through the company's broker, Peterhouse Capital Ltd, who also agreed to settle its 5% placing commission and broker fees for the quarter ended September 30. Funds will be used towards the company's general working capital.

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28 Jun 2022 15:58

IN BRIEF: Sunrise Resources grants purchase option for Pioche project

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Grants the US subsidiary of Spanish sepiolite producer Tolsa SA an exclusive 6-month option to purchase its wholly-owned Pioche Sopiolite project in Nevada, US. Purchase option payable for USD1.3 million in cash. Tolsa may also extend the option for a further 12 months on the payment of USD50,000. Sunrise would retain 3% net revenue royalty for a 25-year period from the start of commercial production at the site. An advance royalty of USD50,000 per year will be paid if production is not started within 5 years.

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27 Jun 2022 21:51

TRADING UPDATES: Anglo-Eastern Plantations sees palm oil prices rise

(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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24 May 2022 18:09

EARNINGS UPDATES: Topps Tiles in record revenue; Lords doubles profit

(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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19 May 2022 18:55

TRADING UPDATES: Knights tips revenue hike; Gym Group eyes growth

(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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11 May 2022 13:55

IN BRIEF: Sunrise Resources applies for approval of natural pozzolan

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Applies for approval of natural pozzolan for use in California state infrastructure projects. The California Department of Transport, known as Caltrans, is responsible for the award. "Caltrans has long recognised the potential for the fly ash shortages we see today in the western US," Sunrise says. The firm adds that natural pozzolans have the "greatest single potential supply volume," to fill a supply shortfall.

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11 May 2022 12:47

Sunrise seeks approval for pozzolan on California transport projects

(Sharecast News) - Sunrise Resources said on Wednesday that it has applied to the California Department of Transport (Caltrans) for conditional approval of CS natural pozzolan for use in infrastructure projects in the state.

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4 May 2022 13:10

Sunrise reports positive industry interest in pozzolan project

(Sharecast News) - Sunrise Resources updated the market on its CS Natural Pozzolan-Perlite Project on Wednesday, following its chairman's recent visit to the United States, reporting that meetings had been held with multiple parties, including existing and new interested parties.

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4 May 2022 12:29

IN BRIEF: Sunrise Resources shares rise as project discussions continue

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Says it identified and started discussions with new parties interested in joint development of the CS Natural Pozzolan-Perlite project in Nevada, US. Says discussions continue and that the chair's recent trip to the US enabled these to be advanced and site visits to be undertaken with "certain parties". Continues to find and reach out to other potentially interested parties. Confident a partner will be found soon.

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8 Mar 2022 14:33

IN BRIEF: Sunrise Resources falls after terminating JV negotiations

Sunrise Resources PLC - Macclesfield, England-based mineral project developer - Terminates further negotiations with an unnamed cement and ready-mix company as the discussion have "failed to reach a satisfactory conclusion" in regards to a joint-venture project.

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