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Pin to quick picksTertiary Minerals Share News (TYM)

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TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

Mon, 06th Nov 2023 14:26

(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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Trident Royalties PLC - mining royalty company - Reports quarterly receipts for the three months to September 30 fell 17% to USD1.9 million from USD2.3 million a year prior from exposure to gold, copper, and iron ore. Chief Executive Officer Adam Davidson says: "This has been another solid quarter for Trident, with two new transactions, good progress within our existing portfolio, and solid revenue generation. In the uncertain geopolitical environment, our diversified exposure has demonstrated its value, with our gold offtake revenue benefiting from higher gold prices and volatility. Our gold exposure will benefit further during the first half of 2024, with first gold expected at Equinox's Greenstone project, alongside ramping of production at other assets."

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Anglo-Eastern Plantations PLC - Indonesia and Malaysia-focused palm oil and rubber producer - Says in nine months to September 30, output for fresh fruit bunches fell 2% to 841,960 metric tonnes from 859,900. Says crude palm oil price ex-Rotterdam averages to USD983 per metric tonne in the year-to-date, up 33% from USD1,471 in the corresponding period in 2022. Looking ahead, expects CPO prices to be weak for the remaining part of the year as the industry enters a period of "more robust" crop production. "The reported high palm oil inventory, together with the abundance of other competitive vegetable oils, coupled with a lower demand from the major importers are likely to suppress any upward movement in CPO prices for the last quarter of 2023," it says.

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Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Says production in the third quarter of the year falls 1.6% to 1,000 metric tonnes vanadium from 1,016 a year prior. Year-to-date production grows 4.8% to 2,784 metric tonnes from 2,657. Sales in the three months to September 30 plunge to 647 metric tonnes from 1,034 in the corresponding quarter a year ago. Looking ahead, says it is on track to meet its output guidance for 2023 of 3,700 to 3,900 metric tonnes.

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Powerhouse Energy Group PLC - Bingley, England-based non-recyclable waste-to-energy conversion firm - Faces patent claim filed by GetGo Recycling Ltd, which was filed last month. Says claim is "entirely without merit", and states it had not had any direct dealings or any communication from GetGo, noting that it first became aware the claim had been filed via a third party. It also says there is no detail or information in the filing of the claim. Chair Antony Gardner-Hillman says: "As regards the European Patent Office Communication, I am advised by our patent attorneys there is no significance in this and that it is a normal procedural step when entitlement proceedings have been commenced in respect of a patent. As regards the proceedings themselves, we do not foresee any impact on PHE's ongoing work or interference with the company's business. We will deal with this as an ordinary day-to-day challenge of a kind I have seen and dealt with successfully before in my career, acting in the appropriate way and with due regard. I do not know the claimant company and I believe its action is intended to "soften" PHE as the targeted party before a follow-on approach on something unrelated. We shall wait and see whether this is the case and we shall respond accordingly."

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Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals, with projects in the US and Zambia - Completes exploration work on all of its copper projects in Zambia in the past 12 months, and says its objective to complete soil sampling on all its Zambian projects has been met, defining a series of high-grade copper-in-soil anomalies. Priority drill targets are now defined at three copper projects: Jacks, Mukai and Mushima North.

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Critical Metals PLC - Africa-focused mining investor - Says shares restored to trading on the London Stock Exchange, effective immediately. Its shares had been suspended from trading last week.

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 Apr 2024 21:57

EARNINGS AND TRADING: J Smart boosts revenue, Tertiary starts drilling

(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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9 Apr 2024 13:06

Tertiary Minerals up as Konkola deal in Zambia gets approval

(Alliance News) - Shares in Tertiary Minerals PLC rose on Tuesday, as the company's joint venture partner prepares for drilling at its Zambian copper project following the receipt of a regulatory approval.

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26 Feb 2024 14:08

Tertiary Minerals forms Zambian joint venture

(Sharecast News) - Tertiary Minerals announced the signing of a new joint venture agreement with local partner Mwashia Resources on Monday.

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26 Feb 2024 12:29

Tertiary Minerals inks new joint venture deal for Zambian licences

(Alliance News) - Tertiary Minerals PLC on Monday said it has signed a new joint venture deal with Zambia-based Mwashia Resources Ltd that will consolidate ownership of the Jacks, Mukai and Mushima North exploration licences into a new Zambian company.

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12 Feb 2024 14:28

Tertiary Minerals completes £0.38m fundraising

(Sharecast News) - Tertiary Minerals announced the successful completion of a fundraising on Monday, raising £0.38m before expenses to be used for its exploration activities.

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12 Feb 2024 09:54

Tertiary Minerals raises GBP375,000 through share placing

(Alliance News) - Tertiary Minerals PLC on Monday said that it has raised GBP375,000 through a placing in order to fund exploration activities at its various global projects.

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7 Feb 2024 15:46

UK shareholder meetings calendar - next 7 days

Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Friday 9 February 
Kibo Energy PLCEGM re pre-emption rights for share issues
Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
Wednesday 14 February 
GCP Infrastructure Investments LtdAGM
Gfinity PLCGM re annual report
Tertiary Minerals PLCAGM
Tritax EuroBox PLCAGM
  
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.

Read more
6 Feb 2024 19:15

TRADING UPDATES: Smartspace extends deadline; EDX launches fundraising

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

Read more
15 Jan 2024 11:41

IN BRIEF: Tertiary Minerals loss narrows as revenue climbs

Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals with projects in the US and Zambia - Pretax loss narrows to GBP541,341 in the financial year ended September 30, from GBP1.2 million a year prior. Revenue climbs 6.1% to GBP181,429 from GBP171,052. Further, costs regarding the impairment of deferred exploration expenditure narrows to GBP111,691 from GBP699,484. "Looking forward to 2024, we have drilling planned for Jacks, Mushima North and Mukai in Zambia although, given the interest we have had from other companies," Tertiary Minerals says. It adds: "That we were able to carry out significant field programmes in 2023 in extremely difficult market conditions is due in no small part to our dedicated teams in Zambia and the UK and our low-cost base."

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19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

(Alliance News) - Stock prices in Europe closed higher on Tuesday, after data confirmed that the eurozone is inching closer towards its 2% inflation targets.

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19 Dec 2023 11:36

Tertiary Minerals shares soar on Konkola West project earn-in deal

(Alliance News) - Tertiary Minerals PLC on Tuesday said it has signed an earn-in agreement with KoBold Metals Co and Mwashia Resources Ltd, regarding its copper project in Zambia.

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19 Dec 2023 10:12

AIM WINNERS & LOSERS: Tertiary Minerals signs earn-in for Konkola West

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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30 Nov 2023 13:58

Tertiary reports progress on bringing another party to Konkola West

(Sharecast News) - Tertiary Minerals updated the market on its Konkola West Copper Project in Zambia on Thursday.

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30 Nov 2023 11:58

IN BRIEF: Tertiary Minerals shares up on term sheet progress

Tertiary Minerals PLC - Mineral exploration and development company - Gives update on signing of term sheet to allow a third party to earn into the Konkola West project in Zambia. Says the third party has now finished due diligence investigations, and the relevant parties are now reviewing draft agreements, with a view to finalising as soon as possible. Adds that all parties have re-affirmed their commitment to completing the transaction.

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