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Pin to quick picksThor Energy Share News (THR)

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EARNINGS: Supply@Me loss narrows; notes strong pipeline

Fri, 29th Sep 2023 14:35

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

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Thor Energy PLC - London-based uranium and vanadium explorer - Says pretax loss narrows to GBP520,000 in its financial year ended June 30, from GBP1.3 million the year prior. Declares no dividend for the year.

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Pineapple Power Corp - cash shell with a focus on acquisitions in clean and renewable energy sectors - Says pretax loss widens to GBP238,797 in the first half of 2023, from GBP186,763 the year prior. Posts no revenue for the period, unchanged from a year ago. Director Claudio Morandi says financial 2023 was "solely focused on the search and identification of a suitable acquisition in the renewable or clean energy sector."

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Orosur Mining Inc - South America-focused minerals explorer and developer - Says net loss for continuing operations widens to USD1.7 million in the year ended May 31, from USD1.4 million a year ago. Says total comprehensive loss widened to USD2.4 million, from USD1.4 million. Chair Louis Castro says: "During the period, the company focused on exploration at El Pantano and at Ariquemes which have both produced positive results, whilst progressing at Anza with negotiations of its joint venture agreement with MMA and with the formation of the new mining company."

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Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays - Says pretax loss narrowed to GBP10.8 million in the first half ended July 2, from GBP17.1 million a year ago. Revenue fell 5.0% to GBP93.6 million from GBP98.5 million but Hostmore takes a much smaller impairment of property, plant and equipment. Chief Executive Julie McEwan says: "The initiatives taken in the first half of 2023 have built a leaner and more focused organisation. As we move through the second half of our financial year, it is encouraging to see the effects of our strategic and operational actions coming through in our results." Chair Stephen Walker says: "We are pleased that the actions taken have dramatically improved the financial outlook of the business, thereby keeping us on the path to repaying all of our borrowings and initiating shareholder distributions."

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TruFin PLC - London-based financial technology holding company for niche lenders and early payment providers - Reports that revenue rose to GBP5.9 million in the first half ended June 30, from GBP4.3 million the previous year, partially as a result of growth in its subsidiary Oxygen Finance's core UK early payments market. Says revenue also increased in its Satago, Playstack and Vertus subsidiaries. Says pretax loss widened to GBP6.2 million, from GBP4.8 million due to a one-off impairment loss of GBP1.3 million on its expected sale of its Vertus stake. Chief Executive James van den Bergh says: "We have made positive progress during 2023, with growth across the Group. It was pleasing to successfully conclude TruFin's fundraise in June 2023... The proceeds allowed Playstack to enter into an agreement to develop and licence further games in the Mortal Shell franchise - an exceptional series that the whole team is excited to work on. Playstack's signing of a further multi-million-dollar, multi-year partnership to develop a series of sequel games based on existing published IP is further testament to the momentum within the business."

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Supply@Me Capital PLC - fintech platform - Says total loss narrows to GBP2.6 million in the first half of 2023, from GBP6.2 million the year prior. Reports revenue of GBP100,000, compared with no revenue previously. Notes that the revenue is from due diligence fees and platform usage and servicing fees. Says pretax loss from continuing operations narrows to GBP2.4 million, from GBP3.6 million. Chief Executive Alessandro Zamboni says: "The past six months have been productive for Supply@ME, with our team working tirelessly on several key development workstreams. I am delighted with the progress we have made. We've started to build our track record on IMs which have unlocked a significant increase in engagement and interest in the Supply@ME Platform, both in our core markets and further afield. Our pipeline is strong and the experience we have gained continues to streamline the onboarding process."

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Jul 2022 11:36

IN BRIEF: Thor Mining gets good sampling results from Ragged Range

Thor Mining PLC - Australia-focused exploration and development company - Completes three programmes of reconnaissance mapping over the Ragged Range project in Western Australia. Notes this included rock chip and stream sediment sampling. Says the rock chip sampling over the 13 kilometre-long Sterling prospect returned up to 6 grams per tonne of gold in rock chip. Finds anomalous gold of up to 1.46 grams per tonne and copper of 4.8% at the Kelly prospect. Plans to continue sampling geological mapping and sampling.

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11 Jul 2022 09:48

IN BRIEF: Thor Mining shares up as campaign at Ragged Range completed

Thor Mining PLC - Australia-focused exploration and development company- Says it has drilled 48 reverse circulation holes totalling 3,120 metres at Ragged Range located in Eastern Pilbara, Western Australia, over the last three weeks. It says assay results are expected in August to September.

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30 Jun 2022 21:38

EXECUTIVE CHANGES: SDI hires former Ultra Electronics CFO as new CFO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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22 Jun 2022 11:00

IN BRIEF: Thor Mining wins drilling approvals on two projects in US

Thor Mining PLC - London-based exploration and development company focused on Australia - Receives drilling approvals on its 100% owned Wedding Bell and Radium Mountain projects in southwest Colorado, US. The drilling programme will begin once a drill rig has been sourced. It will target the Saltwash horizon. Field sampling by Thor returns high-grade uranium and vanadium within Saltwash.

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21 Jun 2022 10:09

Thor Mining starts 2nd phase of drilling at Ragged Range, Australia

(Alliance News) - Thor Mining PLC on Tuesday said it has entered the next phase of drilling at the Ragged Range project in Western Australia.

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17 Jun 2022 13:37

Thor Mining finds shallow anomaly at Krona Prospect

(Sharecast News) - Thor Mining announced on Friday that the recently-completed electromagnetic geophysics survey over the nickel gossan at the Krona Prospect had identified a conductive anomaly.

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17 Jun 2022 10:14

IN BRIEF: Thor Mining finds electromagnetic conductor at Krona project

Thor Mining PLC - A London-based exploration and development company focused on Australia - Says the electromagnetic geophysics survey over the nickel gossan at the Krona prospect at its Ragged Range project in Australia identified a "shallow conductor". Says the conductor will be drill tested as part of its upcoming reverse circulation drilling programme. It is scheduled to start next week.

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6 May 2022 14:23

IN BRIEF: Thor conducts survey to find nickel sulphide mineralisation

Thor Mining PLC - A London-based exploration and development company focused on Australia - Starts conducting an electromagnetic survey over the nickel gossan, or Krona prospect, of its Ragged Range project in Eastern Pilbara, Western Australia. Says the survey is supposed to detect "conductive anomalies" that could indicate the presence of nickel sulphide mineralisation. Says the survey is being undertaken by Vortex Geophysics Pty Ltd and is expected to take one week to complete. Notes that final preparations are in place to start the second phase of reverse circulation drilling at the Sterling gold prospect.

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6 May 2022 13:13

Thor starts nickel survey on Ragged Range Project

(Sharecast News) - Thor Mining announced the start of a ground-based electromagnetic survey over the nickel gossan now referred to as the Krona Prospect on Friday, at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia.

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4 Apr 2022 10:49

IN BRIEF: Thor Mining wins approval for drilling at Rim Rock, Colorado

Thor Mining PLC - London-based exploration and development company focused on Australia - Wins approval to drill at Rim Rock and Section 23, Groundhog, from San Miguel County, Colorado in the United States.

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30 Mar 2022 10:40

IN BRIEF: Thor Mining rises as work starts on Ragged Range, Australia

Thor Mining PLC - London-based exploration and development company focused on Australia - Says it is currently ground mapping and sampling several lithium targets at its 100% owned Ragged Range project in Western Australia. It adds that a fixed loop electromagnetics ground geophysics survey is scheduled for mid-April over the nickel gossan at the western portion of the area. Final preparations are also in place to commence the second phase of reverse circulation drilling at the Sterling Gold prospect, Thor Mining says.

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15 Mar 2022 20:54

TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

(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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22 Feb 2022 21:57

TRADING UPDATES: Angling Direct ups revenue; Ceiba takes Omicron hit

(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 Jan 2022 14:34

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

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27 Jan 2022 11:25

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

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