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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
19 Dec 2023 10:12

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

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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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1 Nov 2023 11:31

Tertiary Minerals shares drop on discounted fundraise of GBP150,000

(Alliance News) - Tertiary Minerals PLC on Wednesday saw its share price fall, after completing a fundraise at a discount to the previous day's closing bid price.

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16 Oct 2023 10:50

Tertiary Minerals delineates second large anomaly at Mushima North

(Alliance News) - Tertiary Minerals PLC on Monday celebrated further positive results from soil sampling at one of its target areas on the Mushima North copper project in Zambia.

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5 Oct 2023 13:37

Tertiary Minerals reports encouraging results from Mushima North

(Sharecast News) - Tertiary Minerals reported encouraging outcomes from its investigative soil analysis at the Mushima North Copper Project in Zambia on Thursday, shedding light on the potential viability of the site for future excavation.

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5 Oct 2023 10:32

Tertiary Minerals dubs results from Zambia copper target "intriguing"

(Alliance News) - Tertiary Minerals PLC on Thursday said that it has received more positive results from its summer exploration programmes in Zambia, with one target containing "intriguing" anomalies.

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25 Sep 2023 10:37

IN BRIEF: Tertiary Minerals shares jump on Konkola West earn-in deal

Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals with projects in the US and Zambia - Alongside its local partner, Mwashia Resources Ltd, signs a largely non-binding term sheet for an earn-in and joint venture agreement with an unnamed third party. The agreement provides for the third party to earn into exploration licence 27067-HQ-LEL, the Konkola West project in Zambia. The term sheet proposes the third party will, in stage one, commit to a drill programme to be completed within 14 months of signing the agreement. Following this, the third party will earn an initial 51% interest in the licence, with the option to earn 70% in stage two by sole funding a cumulative USD6 million on exploration within 48 months of signing the agreement.

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12 Sep 2023 11:03

Tertiary Minerals defines substantial copper anomaly at Mukai project

(Alliance News) - Tertiary Minerals PLC on Tuesday said soil sample analysis has identified a major copper-in-soil anomaly at its Mukai project in Zambia.

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7 Sep 2023 15:34

TRADING UPDATES: MP Evans acquires two Indonesian palm oil producers

(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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6 Sep 2023 17:20

TRADING UPDATES: Andrada hails results; Tertiary sees disputes end

(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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10 Aug 2023 14:38

TRADING UPDATES: Aterian granted 10 exploration licences in Morocco

(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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31 Jul 2023 19:47

TRADING UPDATES: Byotrol loss widens, Surface Transforms sales grow

(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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31 Jul 2023 10:46

AIM WINNERS & LOSERS: Aptamer reshuffles board; Scancell expands trial

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

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