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Pin to quick picksSovereign Metals Share News (SVML)

Share Price Information for Sovereign Metals (SVML)

London Stock Exchange
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Share Price: 33.50
Bid: 33.00
Ask: 34.00
Change: 0.00 (0.00%)
Spread: 1.00 (3.03%)
Open: 33.50
High: 33.50
Low: 33.50
Prev. Close: 33.50
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IN BRIEF: Rutile miner Sovereign Metals starts trading on AIM

Tue, 14th Dec 2021 16:09

Sovereign Metals Ltd - Perth, Australia-based rutile miner in Malawi - Starts trading on AIM market in London on Tuesday. Also keeps listing on ASX market in Sydney, where it has a market capitalisation of AUD250 million, about GBP135 million.

Doesn't raise fresh funds as part of London initial public offering, but says AIM listing raises profile among investors in the Northern Hemisphere as it prepares to publish a scoping study for its Kasiya rutile project in Africa. Rutile is a crystal used in the production of titanium. Stock closes down 3.4% at AUD0.57, about 30.65 pence, in Sydney on Tuesday. It is quoted at 33.75p in London.

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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3 Jun 2024 12:27

IN BRIEF: Sovereign Metals "not aware" of any reason for stock rise

Sovereign Metals Ltd - mining exploration and development company with assets in Malawi - Responds to query from Australia Securities Exchange regarding its increased share price and volume of trading securities. Says it is "not aware of any information that has not been announced which, if known, could be an explanation for recent trading". Does however note various announcements in May regarding developments at its Kasiya rutile project. These include the start of pilot mining and land rehabilitation "as part of the ongoing optimisation study"; downstream testwork showing "high-quality graphite for lithium-ion batteries"; and increased graphite bulk sample scale with installation of an industrial-scale spiral concentrator at its Lilongwe facility.

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Sovereign Metals hails higher crop yield in Malawi despite El Nino

(Alliance News) - Sovereign Metals Ltd on Monday said it was executing its strategy whilst developing the Kasiya rutile-graphite project in Malawi as it celebrated higher crop yields.

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20 Mar 2024 15:33

Sovereign Metals makes "significant step" in Malawi project

(Alliance News) - Sovereign Metals Ltd on Wednesday said that a shipment of ore from its project in Malawi has been handed to a laboratory in South Africa to be tested.

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IN BRIEF: Sovereign Metals reports extensions to Kasiya mineralisation

Sovereign Metals Ltd - Malawi-focused mining exploration and development company - Reports southern extensions to the mineralised area at Kasiya in Malawi. Hand-auger drilling has identified a number of zones ranging from around 400 metres to 2 kilometres wide over a strike length of approximately 8 kilometres. Says these results indicate potential to expand the "already significant, high-grade" rutile and graphite mineral resource estimate at Kasiya.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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