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Pin to quick picksSovereign Metals Share News (SVML)

Sovereign Metals: Downstream Testwork Reveals High Quality Graphite

Sovereign Metals: Downstream Testwork Reveals High Quality Graphite

Share Price Information for Sovereign Metals (SVML)

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Share Price: 28.00
Bid: 27.00
Ask: 29.00
Change: 1.00 (3.70%)
Spread: 2.00 (7.407%)
Open: 28.00
High: 28.00
Low: 28.00
Prev. Close: 27.00
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TRADING UPDATES: Schroders Capital Global investee to be bought out

Tue, 31st Oct 2023 17:58

(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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Schroders Capital Global Innovation Trust PLC - London-based investment trust focused on a diversified portfolio of global private and public equity companies - Says cybersecurity portfolio firm Tessian to be acquired by Proofpoint. "The agreement is expected to close in late 2023 to early 2024, subject to customary closing conditions and required regulatory approvals. Details of the transaction were not disclosed," SCGIT says. It had made USD6.8 million investment in Tessian back in May 2021.

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Gateley Holdings PLC - Birmingham, England-based legal and professional services group - Says GBP6.2 million total earn out consideration for acquisition of Gateley Smithers Purslow has been paid to vendors, satisfied 38% in ordinary shares in Gateley and 62% in cash. "The earn out consideration has been achieved as a result of GSP realising not less than GBP4.5 million of [earnings before interest, tax, depreciation and amortisation] over the 24 months to 30 September 2023," Gateley says.

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SDX Energy PLC - North-Africa focused oil and gas firm - Completes testing operations on the KSR-21 well in Morocco. "The well, targeting a prospect within the Hoot formation, was drilled to a total vertical depth of 1,955 meters," SDX says.

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Future Metals NL - West Perth-based exploration company, focused on the Panton platinum group metals project - Reports cash and cash equivalents at end of period of AUD1.6 million, around GBP834,645, at end of first-quarter to September 30. Last week Thursday, it reported a resource upgrade for Panton asset. The latest mineral resource estimate confirmed Panton as "the highest grade in Australia and one of the highest grade undeveloped PGM projects globally".

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Sovereign Metals Ltd - Malawi-focused mining exploration and development company - Says cash and cash equivalents at September 30 first-quarter end totals AUD43.0 million, amid AUD40.6 million proceeds from equity issue, up from AUD5.6 million at end of final quarter.

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Atlantic Lithium Ltd - Africa-focused lithium exploration and development company - Cash and cash equivalents in first-quarter ended September 30 decline to AUD10.6 million from AUD15.3 million at financial year end. Says AUD2.09 million used in operating activities and AUD3.0 million in investing activities.

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Celsius Resources Ltd - focused on its portfolio of copper-gold resources in the Philippines - Cash and cash equivalents in first-quarter ended September 30 total AUD3.7 million, down from AUD5.0 million at financial year-end. Says AUD1.2 million used in operating activities, AUD572,000 used in investing activities but net cash position gets AUD415,000 lift from financing activities.

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Aminex PLC - oil and gas investment company focused on Tanzania - Notes announcement from Orca Energy Group Inc on 3D seismic programme at Kiliwani asset in Tanzania. The third party contractor responsible for the seismic programme has suspended operations. A breach of contract notice has been handed the contractor. Aminex adds: "We are in the process of discussing the impact of the above information on the proposed acquisition of 3D seismic data over part of the Kiliwani North development licence area with Orca and shall provide a further update in due course."

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
15 May 2024 14:46

EARNINGS AND TRADING: i3 swings to quarterly loss; 4Global revenue up

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

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3 May 2024 13:39

TRADING UPDATES: Kelso raises stake in NCC; Transense joins project

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

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1 May 2024 16:37

TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

(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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23 Apr 2024 19:58

EARNINGS AND TRADING: Graft Polymer extends loan; ASA profit down 30%

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

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15 Apr 2024 12:23

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.

Read more
27 Mar 2024 18:47

TRADING UPDATES: Empire Metals targets key milestones in Australia

(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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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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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.

Read more
13 Mar 2024 20:49

EARNINGS AND TRADING: PensionBee nears profit; OptiBiotix Indian deal

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

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15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

(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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1 Feb 2024 20:47

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.

Read more
23 Jan 2024 18:39

TRADING UPDATES: Esken's Southend Airport faces further allegations

(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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9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

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17 Nov 2023 15:49

UK shareholder meetings calendar - next 7 days

Monday 20 November 
abrdn Smaller Companies Income Trust PLCGM re SHRS Shares 
Bellevue Healthcare Trust PLCGM re cancalation of share premium account
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
Tuesday 21 November 
Berkeley Energia LtdAGM
Currys PLCGM re proposed disposal of Kotsovolos
Custodian Property Income REIT PLCGM re articles of association
Physiomics PLCAGM
Starvest PLCGM re cancellation of listing
Trainline PLCGM re capital reduction
Wednesday 22 November 
Castillo Copper LtdAGM
Celtic PLCAGM
Crystal Amber Fund LtdAGM
Genus PLCAGM
GreenX Metals LtdAGM
Leeds Group PLCAGM
Wilmington PLCAGM
Thursday 23 November 
abrdn UK Smaller Companies Growth Trust PLCAGM
Avation PLCAGM
Bradda Head Lithium LtdAGM
DX Group PLCAGM
Europa Oil & Gas Holdings PLCAGM
Fiske PLCAGM
JPMorgan UK Smaller Cos Investment Trust PLCAGM
Hotel Chocolat Group PLCAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Rosslyn Data Technologies PLCAGM
Friday 24 November 
Cloudbreak Discovery PLCAGM
Esken LtdEGM re Esken Renewables disposal
Neometals LtdAGM
Sovereign Metals LtdAGM
Sylvania Platinum LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
2 Nov 2023 20:54

TRADING UPDATES: Inspiration Healthcare launches new ventilator

(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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