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TRADING UPDATES: Zinnwald upbeat; Nanoco-Samsung trial delay

Wed, 07th Sep 2022 21:42

(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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Zinnwald Lithium PLC - High Wycombe, England-based mineral exploration and development company - Hails "robust" economics of Zinnwald lithium project in Germany, after preliminary economic assessment study. Asset has pretax net present, at 8% discount, of USD1.61 billion. Zinnwald notes a USD336.5 million initial construction capital cost and a payback period of 3.3 years, following the commencement of output.

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Nanoco Group PLC - Manchester-based nanomaterial developer and manufacturer - Says trial schedule for cases in Eastern District of Texas revised. Trial against Samsung Electronics Co to no longer take place on September 12. "The company understands that the next scheduled date for trials in the Eastern District of Texas, Marshall Division, is 3 October 2022. However, no scheduling order or priority of cases has been set as yet for 3 October 2022," Nanoco says. Nanoco has accused Samsung of infringing its quantum dot patents. Quantum dot technology is used on Samsung QLED televisions.

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accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Extends deal with Village Roadshow Theme Parks. Village Roadshow will use accesso for ticketing, virtual queuing and guest experience services at five of its sites, including Warner Bros. Movie World and Sea World (Australia) through to 2027, with option to extend to 2029 on table. "Since 2018, VRTP has leveraged the end-to-end suite of the group's technologies tailored to the attractions industry to deliver a reimagined, contactless experience for its guests, both on- and off-site. Headquartered on the Gold Coast, VRTP is Australia's largest theme park operator, welcoming millions of guests annually to enjoy some of the most thrilling entertainment, rides and slides available anywhere in the world - from hyper-coasters to animal encounters and dinner show productions," accesso says.

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Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - Supplying South Korean plastics developer NeoEnpla Co Ltd with graphene nano-platelets for use in food packaging. "The graphene zipper bags have shown an increase in tensile strength of 31% compared to non-graphene LLDPE (linear low-density polyethylene) zipper bags," Haydale says. "Food packaging primarily acts as a barrier to moisture and gases (including contaminants) that ordinarily lead to a reduction in the shelf-life of food. The new graphene-enhanced food storage bags keep the food fresher for longer thanks to the anti-bacterial, UV and barrier properties of functionalised graphene, resulting in less food waste."

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Ilika PLC - Romsey, England-based solid-state battery technology company - Begins nine-month manufacturing equipment trials in bid to de-risk industrialisation plan for Goliath battery cells. "Ilika will receive a GBP175,000 grant towards its related costs over the nine-month project (codenamed STEP), which started on 1 August 2022," Ilika adds. Chief Executive Graeme Purdy adds: "STEP is a crucial part of Ilika's industrialisation journey and provides a great opportunity for Ilika to work with UK-based equipment vendors in these trials - to both further Ilika's ambitions to scale its technology and to develop the all-important SSB supply chain."

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Marula Mining PLC - Haywards Heath, England-based mining services investor - Says early assays from Blesberg lithium and tantalum project in South Africa are "high-grade". "Lithium grades of the samples assayed demonstrate a high grade and high value lithium product that can be potentially recovered from the existing stockpiles without incurring high up-front capital costs and high mining and processing costs," Marula says.

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Thor Mining PLC - Australia-focused exploration and development company - Says maiden 2,000 metre drilling programme to begin later this month at Rim Rock, Groundhog and Section 23 prospects, located in Wedding Bell and Radium Mountain projects in Colorado. Says sampling at Kelly's prospect, part of wider Ragged Range asset in Western Australia, "continues to return high-grade gold and copper rock chip". In Northern Territory, Australia, Thor Mining has begun talks with possible joint-venture partners for Molyhil tungsten and molybdenum project.

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First Class Metals PLC - Lancashire, England-based minerals exploration company - Says new "high-grade" nickel sulphide area spotted at Pickle Lake joint-venture. "This new massive sulphide discovery at FCM's West Pickle Lake, 20 kilometres and potentially on strike from Palladium One's high-grade Smoke Lake discovery gives credence that a new district-scale sulphide nickel play is opening," Chief Executive Marc Sale says. Power Metal Resources PLC, which holds 28% stake in First Class, notes announcement.

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Alien Metals Ltd - mineral exploration in Australia, Mexico and Greenland - Plans to raise GBP1.5 million in placing and subscription at 0.5 pence per share. Represents a 17% discount to Tuesday closing price of 0.6p. Funds will go towards furthering projects, including a drilling program at the Brockman iron ore asset.

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Atrato Onsite Energy PLC - London-based renewable energy investment trust - Buys Sonne Solar Ltd, which owns portfolio of solar PV systems, from Cero Generation. Cero Generation is a portfolio firm of Macquarie's Green Investment Group. "The development portfolio consists of a further 33 pipeline sites that are part of a framework agreement with a single FTSE100 business," Atrato says. In addition, company reaches financial close for new rooftop solar project. Project has 25-year power purchase agreement with subsidiary of Recipharm AB. Two transactions amount to over GBP31 million combined.

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Downing One VCT PLC and Downing Four VCT PLC - venture capital trusts - Name changes to Thames Ventures VCT 1 PLC and Thames Ventures VCT 2 PLC, respectively, come into effect.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
29 Apr 2024 19:46

IN BRIEF: Alien Metals seals lithium JV with Errawarra Resources

Alien Metals Ltd - Australian-focused minerals exploration and development company - Enters into a joint venture with Errawarra Resources Ltd in respect of the lithium rights on the Pinderi Hills Project located in West Pilbara. Errawarra has the potential to earn up to a 50% interest in the lithium rights in the project by spending up to AUD4 million with the first AUD500,000 being by way of a subscription for common shares.

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19 Apr 2024 10:57

Alien Metals secures mining lease for Hancock iron ore project

(Alliance News) - Alien Metals Ltd on Friday said it had made a "significant step on the pathway to production" at its Hancock project.

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15 Mar 2024 16:31

Alien Metals announces short-term funding for exploration project

(Alliance News) - Alien Metals Ltd on Friday announced a funding package worth up to AUD2.0 million through a convertible loan note.

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15 Mar 2024 13:28

Alien Metals secures AUD 2m short-term funding

(Sharecast News) - Alien Metals announced a short-term funding facility worth up to AUD 2m (£1.03m) via a convertible loan note on Friday.

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8 Feb 2024 20:13

TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal

(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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8 Feb 2024 14:27

Alien Metals takes wraps off Hancock development study

(Sharecast News) - Alien Metals unveiled promising outcomes of a development study on its Hancock Iron Ore Project in Western Australia's Pilbara region on Thursday.

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27 Dec 2023 09:02

IN BRIEF: Alien Metals prepares new team as CEO Troy Whittaker resigns

Alien Metals Ltd - exploration and development in Australia - Chief Executive Officer Troy Whittaker resigns, with effect from December 31. Alien Metals doesn't provide an explanation for Whittaker's departure. Non-Executive Chair Alwyn Vorster and Executive Director Guy Robertson will provide the "necessary support", as Alien Metals finalises details of the new management team. Expects to make an announcement about the new team, who are expected to start early January, in the coming week.

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14 Dec 2023 12:26

Alien Metals inks mining deal with Nyiyaparli People in Australia

(Alliance News) - Alien Metals Ltd on Thursday said it has struck a deal with the Karlka Nyiyaparli Aboriginal Corp RNTBC to collaborate on the Hancock iron ore project in Pilbara, Western Australia.

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28 Nov 2023 14:34

IN BRIEF: Alien Metals signs accord with Pilbara Ports for iron export

Alien Metals Ltd - Australia-focused minerals exploration and development company, currently developing a near-term, direct shipping, iron ore operation at the Hancock project in Pilbara, Western Australia - Enters memorandum of understanding with Pilbara Ports to access its Utah Bulk handling facility, multi-user berth in Port Hedland, which is a town in Western Australia. Says the agreement is a step towards getting Pilbara Ports to export the iron ore produced by Alien Metals' Hancock project.

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3 Nov 2023 11:56

IN BRIEF: Alien Metals issues 26.3 million shares to consultant

Alien Metals Ltd - Australia-focused minerals exploration and development company, currently developing a near-term, direct shipping, iron ore operation at the Hancock project in Pilbara, Western Australia - Issues 26.3 million shares at a deemed price of GBP0.0019 per share for services rendered to a geological consultant for exploration services on its Pinderi Hills and Mexico projects during 2023, in lieu of a cash payment. Expects that admission will become effective and dealings in the common shares will begin on AIM on November 8.

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10 Oct 2023 16:42

Alien Metals signs heritage agreement for Vivash Gorge

(Sharecast News) - Minerals explorer and developer Alien Metals announced on Tuesday that its subsidiary, the Iron Ore Company of Australia (IOCA), has finalised a Heritage Agreement (HPA) with the PKKP Aboriginal Corporation RNTBC (PKKP AC).

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10 Oct 2023 13:57

Alien Metals inks heritage deal with PKKP AC for Vivash project

(Alliance News) - Alien Metals Ltd on Tuesday said that its subsidiary, Iron Ore Company of Australia Pty Ltd, has signed a heritage agreement with the PKKP Aboriginal Corporation RNTBC for the Vivash Gorge exploration licence.

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4 Oct 2023 11:20

Alien Metals says KNAC withdraws objection to miscellaneous licence

(Alliance News) - Alien Metals Ltd on Wednesday said that the Karlka Nyiyaparli Aboriginal Corp RNTBC has withdrawn its objection to the application for a miscellaneous licence by Iron Ore Co of Australia.

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3 Oct 2023 10:53

Alien Metals hails collaboration on signing of heritage agreements

(Alliance News) - Alien Metals Ltd on Tuesday said that its subsidiary, Iron Ore Co of Australia, has signed heritage agreements with the Karlka Nyiyaparli Aboriginal Corp RNTBC for two exploration licences, as well as one miscellaneous licence.

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3 Oct 2023 10:48

Alien Metals inks heritage agreements over Hancock project

(Sharecast News) - Minerals explorer and developer Alien Metals updated the market on its Hancock iron ore project on Tuesday, announcing the execution of heritage agreements (HPAs) with the Karlka Nyiyaparli Aboriginal Corporation.

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