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Pin to quick picksUru Metals Share News (URU)

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TRADING UPDATES: Steppe Cement revenue up; H&T raises GBP16.9 million

Fri, 07th Oct 2022 20:16

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

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Xtract Resources PLC - Australia, Mozambique and Zambia-focused gold producer, exploration and development company - Total mining contractor gold production for the quarter to June 30 amounts to 54.15 kilogrammes, equivalent to roughly 1,344 ounces. Achieves gold sales of 465 ounces in the period and records revenue of USD642,115. The results for the June quarter are fairly consistent with previous quarters with Guy Fawkes slowly opening up areas for production. Fair Bride is now in production and teething problems of the plant and the mine are being reduced and eliminated. "We anticipate gold production will increase significantly in the final quarter of this year," Executive Chair Colin Bird comments.

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H&T Group PLC - Surrey, England-based pawnbroker - Raises gross proceeds of GBP16.9 million through a placing and retail offer. Says it placed 3.9 million shares at 425 pence and that retail investors have subscribed for a total of 61,357 new shares at the same price. Shore Capital acted as sole broker and bookrunner for the placing. The placing shares and retail shares represent roughly 10% of its issued share capital.

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Deltic Energy PLC - AIM-listed natural resources investing company - Raises GBP960,000 in an open offer. Says it received valid acceptances from qualifying shareholders for 27.4 million open offer shares. Raises a total of GBP16.0 million via a placing, subscription and open offer.

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Steppe Cement Ltd - Kazakhstan-focused construction materials firm - Registers third quarter revenue of KZT13.1 million, or GBP24,996, 9% higher than revenue of KZT12.0 million the previous year. For the 9 months ended 30 September 2022, it records revenue of KZT32.7 million versus KZT28.8 million year-on-year. Explains that 2% higher sales volume of 546,357 tonnes were achieved during the quarter.

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Beowulf Mining PLC - natural resource developer and explorer focused on the Nordic region - Identifies 13 highly conductive electromagnetic zones at its Raapysjarvi flake graphite prospect. Says isolated zones are extending for up to 850 metres strike length and 250 meters width. Says six holes drilled in the 1980s have also been resampled and reassayed. "The encouraging exploration data set indicates significant potential for natural flake graphite mineralisation suitable for graphite anodes across Raapysjarvi," the company states.

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Netcall PLC - Bedford-based customer engagement software provider - Issues an early redemption notice to redeem the final GBP2.9 million of its original GBP7.0 million loan note held by BGF Nominees Ltd. The final redemption payment of GBP2.9 million will be paid on October 14. The Company will be debt-free from that date.

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Starcrest Education Ltd - developer and operator of education services in Europe - Appoints Nick Petford to the board as executive director and chief academic officer from October 1. He is managing director of APSC-Ltd, a consultancy that provides advice to the UK and overseas university sector. Until July 31, he was vice-chancellor and chief executive officer at the University of Northampton.

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Voyager Life PLC - Perth, Scotland-based supplier of cannabidiol and hemp seed oil products - Notes press speculation about a potential acquisition under board consideration. Says that it has been examining potential consolidation and partnership opportunities. Adds that it has received "several enquiries" but also is exploring other opportunities "of which it is aware." Requests that its shares are temporarily suspended on the AQSE Growth Market, pending finalisation of its acquisition discussions and says trading will now be restored.

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SuperSeed Capital Ltd - venture capital for early-stage business-to-business technology companies in UK - Says its primary holding, SuperSeed Fund II, has led a GBP1.3million Seed funding round into Finteum Ltd, a London fintech start-up. The funds raised will enable Finteum to expand functionality and bring many more banking clients on board the platform.

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Inland Homes PLC - Buckinghamshire, England-based housing plot developer - Gets a waiver from its lender for its revolving credit facility on the interest cover ratio covenant for the year, which ended June 30. Agrees to an extension to its facility to October 2023 from March 2023. Completes two land sales to "major housebuilders." The net sale proceeds from the land disposals amount to GBP9.0 million.

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Xeros Technology Group PLC - Rotherham, England-based environmental technology firm - Raises gross proceeds of approximately GBP6.0 million, through the placing of 120,000,000 shares at the issue price of 5 pence per ordinary share. Intends to provide all qualifying shareholders with the opportunity to subscribe for a total of 20.4 million open offer shares at the same price.

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Gelion PLC - Sydney-based battery cell developer - Establishes a pilot manufacturing plant at the lead-acid factory of its commercial partner Battery Energy Power Solutions Pty Ltd in Western Sydney, Australia. Says the plant was completed ahead of schedule with a 2-megawatt hours annual capacity. The first battery production run will be exported to Acciona Energia in Spain. Believes it is now strongly positioned to deliver on its commercialisation strategy.

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Capital Metals PLC - London-based mineral sands explorer - Non-Executive Director James Leahy says during the annual general meeting that the company has received its first two industrial mining licences. Says it is in ongoing discussions with off-takers, debt providers and other strategic funding parties. Confirms parties include large pigment producers out of Asia. Plans to focus on finalsing these discussions.

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British Honey Co PLC - Buckinghamshire, England-based producer of spirits, honey and jams - Announces a further delay to the publication of its final results and annual report for 2021. Anticipates that the audit opinion will be complete by mid-October 2022 and that its final results will be announced shortly thereafter. Its shares will remain suspended in the meantime.

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Uru Metals Ltd - Toronto-based investor and mine project developer - Completes the disposal of its Zebediela nickel project located in Limpopo, South Africa to Zeb Nickel Corp. Says the project remains its primary focus, through its 75% interest in Zeb Nickel. Notes Zeb Nickel started drilling. Holds cash and cash equivalents of GBP360,000 as at September 30.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
15 Mar 2024 13:12

UK shareholder meetings calendar - next 7 days

Monday 18 March 
MGC Pharmaceuticals LtdGM re change of company name to Argent Biopharma
Schroder European Real Estate Investment Trust PLCAGM
Tuesday 19 March 
BlackRock Throgmorton Trust PLCAGM
Crest Nicholson Holdings PLCAGM
Eco Animal Health Group PLCGM re share buybacks
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Nuformix PLCAGM
Scirocco Energy PLCGM re requisitioned resolution to implement cash strategy
Various Eateries PLCAGM
Wednesday 20 March 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
BSF Enterprise PLCAGM
CEPS PLCGM re capital reduction
MTI Wireless Edge LtdAGM & EGM re appointing Hani Lerman as external director
Thursday 21 March 
Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
  
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.

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4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

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

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4 Mar 2024 09:55

AIM WINNERS & LOSERS: Mirriad Advertising up on two-year contract win

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

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26 Feb 2024 12:14

IN BRIEF: Uru Metals shares drop by a quarter as chair resigns

Uru Metals Ltd - developer of Zebedelia nickel project in South Africa - Non-Executive Chair Jay Viera resigns immediately. No explanation is provided for Viera's sudden departure. "The board would like to take this opportunity to thank Mr Viera for his contribution to the company," Uru says. Non-Executive Director Kyle Appleby takes over as chair. Uru will hold its annual general meeting on March 22 in Toronto.

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26 Feb 2024 10:39

AIM WINNERS & LOSERS: EnSilica posts topline progress, strong pipeline

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

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2 Jan 2024 15:39

URU pushes repayment date on Boothbay convertible loan

(Sharecast News) - URU Metals has extended the repayment date for its convertible loan from Boothbay Absolute Return Strategies, it announced on Tuesday, to 28 February.

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2 Jan 2024 12:13

IN BRIEF: URU Metals extends repayment date for loan

URU Metals Ltd - mineral exploration and development company which counts Zebedelia nickel project in South Africa as "flagship" asset - Says repayment date for the convertible loan from Boothbay Absolute Return Strategies LP has been extended to February 28. Boothbay has also agreed that it will not convert sums due under the convertible loan note into ordinary shares of the company prior to January 31.

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27 Dec 2023 18:40

IN BRIEF: Uru Metals says nickel demand "continues to grow"

Uru Metals Ltd - mineral exploration and development company which counts Zebedelia nickel project in South Africa as "flagship" asset - Reports no revenue in half-year ended September 30, unchanged annually. Net loss narrows to USD374,000 from USD436,000 year-on-year. Administrative expenses decline 9.1% to USD396,000 from USD436,000 on-year. Says Zebedelia project remains "key venture" for firm, given its near-74% stake in Zeb Nickel Corp. "The demand for nickel, essential in lithium-ion batteries and the burgeoning electric vehicle market, continues to grow, highlighting the importance of our project," Uru adds.

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29 Sep 2023 21:54

EARNINGS: Bens Creek sees "difficult" year; Challenger swings to loss

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

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14 Jun 2023 13:19

Seed Capital appoints new finance chief, effective immediately

(Alliance News) - Seed Capital Solutions PLC on Wednesday said it appointed Segar Karupiah as its new chief financial officer with immediate effect.

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1 Jun 2023 16:44

IN BRIEF: URU extends convertible loan note terms with Boothbay

URU Metals Ltd - Toronto headquartered, mineral exploration and development company - Agrees to extend the repayment date and long-stop date for conversion of the convertible loan notes held by Boothbay Absolute Return Strategies LP to December 31 from May 31. The date by which Boothbay has the right to convert funds due under the loan note at GBP0.85 per share has also been extended to the maturity date and agrees that it will not convert sums due to Boothbay under the convertible loan note on or prior to August 30. As at May 31, the total amount advanced by Boothbay to URU is USD500,000. Details regarding the convertible loan note were announced on May 6.

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2 May 2023 11:14

IN BRIEF: Seed Capital hires Uru Metals CEO John Zorbas as CEO

Seed Capital Solutions PLC - London-headquartered acquisition company, focused on businesses operating in market sectors with "strong" environmental, social and governance credentials - Appoints John Zorbas as chief executive officer with immediate effect. Zorbas has been CEO of Uru Metals Ltd since 2014 and a non-executive director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp since 2021. Seed Capital's shares debuted on the London Main Market on April 12.

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26 Apr 2023 19:27

TRADING UPDATES: Mosman output up; Uru notes drilling at Zeb project

(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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19 Apr 2023 17:06

URU announces ZEB Nickel kickstarting new geophysical survey

(Alliance News) - URU Metals Ltd announced on Wednesday that ZEB Nickel Corp has started a third party airborne geophysical survey over South Africa's Zeb Project area.

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28 Feb 2023 19:40

TRADING UPDATES: AIQ revenue soars; Mobius Investment net assets drop

(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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