Member Info for Mullins58

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/092221-chinese-lithium-carbonate-hits-all-time-high-again-in-post-holiday-market

Louis Coetzee, CEO of KIBO said, "The Company is very pleased with the strong interest in and rapid progress made thus far in securing funding for the Transaction."

https://www.mining.com/web/uranium-rally-is-a-high-stakes-bet-on-future-of-nuclear-power/

https://www.londonstockexchange.com/news-article/KIBO/funding-update-uk-waste-to-energy-project/15145709

I believe that we will be ready to execute on the fourth stage of Pembridge development, which I outlined in 2019 when I took over the leadership of the company. This stage is the identification of new projects to invest in and grow our business."

That takes me back !

6.46 / 492k

Pembridge short term financing

The capital raise and listing of Minto Metals on the TSXV were expected to be completed by the end of July 2021. As a result of conditions outside the control of Minto's management, the capital raise and listing have been delayed until now. Repayment of the CAD $4 million receivable by Pembridge from Minto is to commence after the capital raise and is to be repaid in 4 equal quarterly payments. Due to the delay in the capital raise, the first repayment is now expected in Q4 2021 instead of Q3 2021.

This has impacted the cash flow of Pembridge and, to ensure that the company has sufficient funds to meet all its ongoing obligations, Pembridge's Chairman and CEO, Gati Al-Jebouri, has provided an additional facility of up to £200,000 to cover any cash shortfall until the end of 2021. This facility has been approved by the Pembridge Board of Directors and entered into on 21 September 2021. The Facility carries interest at an annual rate of 14%, to be paid upon repayment, and an arrangement fee in the amount of 6% of the amounts drawn down.

6.43 at theoff

That's what investing is all about ! you have to have patience. ATB

Minto valuation

The pricing of CAD$ 2.60 per share applied in the capital raise implies a pre-money valuation of Minto Metals of CAD$ 156.6 million and post money CAD$ 187.1 million. At post-money valuation of Minto Metals, Pembridge's 11.1% share in Minto Metals is valued at CAD$ 20.8 million. This is approximately £11.8 million at current exchange rates, equal to £0.133 per undiluted Pembridge share based on the Company's issued share capital of 88,965,516 shares. If all existing options and the conversion rights of the recently issued convertible loan notes were exercised, the Company would have 122,220,856 issued shares.

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"This capital raise by Minto Metals, resulting in investment by new and existing shareholders at a pre-money valuation of CAD$ 156.6 million, confirms the true value of our investment in Minto. This additional capital will enable Minto Metals to further increase production, to benefit from the resulting economies of scale as well as the current strong price of copper and to extend its life of mine with further exploration. The capital raise and listing of Minto Metals provides a transparent third party valuation of our investment. I trust that the market will now recognise the value of Pembridge's investment and reflect this in the Company's market valuation. We are proud to have been involved in re-starting the mine and pleased that it is now able to move into a new phase of development with the upcoming listing and new capital and look forward to seeing the value of our investment increase as Minto Metals delivers on its long term objectives. With the expected cash inflows from Minto Metals and higher valuation of our company, I believe that we will be ready to execute on the fourth stage of Pembridge development, which I outlined in 2019 when I took over the leadership of the company. This stage is the identification of new project

https://www.londonstockexchange.com/news-article/PERE/update-on-the-minto-capital-raise/15143892

Alba's Executive Chairman, George Frangeskides, commented:

"We wanted to provide a fuller update than usual in this release, as we know that shareholders are keen to learn in detail of the progress of works at Clogau. As Mark has highlighted above, we believe we are now in a strong position to move this project into the development phase, with no less than three significant new target zones identified within the existing envelope of the mine and, no less importantly, being target zones which should be accessible by putting in a relatively modest amount of new development.

It is because of the success of the unprecedented drilling campaigns we have designed and executed at Clogau over the past two years, which have unearthed several genuine development targets within the mine, together with the dedication and skill of our technical team in making sense of what is a highly complex structural setting, that we can now seriously begin to plan the work which is needed to access these new target development zones.

At the same time, none of us should shy away from the fact that there will always be challenges along the way as one seeks to build the technical and economic case for reopening a historic mine. It will not always be plain sailing! It is true, for instance, that the processing of our application for the permits to dewater the Llechfraith Shaft, one of the three development zones highlighted in this release, has taken considerably longer than we ever envisaged. It is understandable that the regulator should exercise all due care and caution when considering any application for the discharge of water into the watercourse.

However, in respect of the specifics of our dewatering proposal, as shareholders can read for themselves in this release, the thoroughness of the technical work completed by our highly experienced consultants, the robustness of the dewatering scheme they have devised and the extensive supporting data we have compiled over the past 18 months give us a great deal of confidence in the merits of our application. We therefore look forward to it proceeding to a determination soon."

Alba's COO and Senior Geologist, Mark Austin, commented:

"We are pushing forward with our development plans at Clogau. An up-to-date mine plan is coming together, pulling together the key development zones we have identified in our drilling and other work activities. For instance, the Phase 2 surface drilling completed in July has enabled us to determine that a new branch of the quartz vein system exists between the Jack Williams and 7-10 Lodes, forming a key part of the Main Lode System Extension.

The fact that this New Branch Lode structure is only 22 m horizontally to the north from the 7-10 Lode on the Llechfraith level, with the Jack Williams Lode only a further 23 m away, means that with less than 50 m of development - which is tiny when compared to the already several kilometres of existing underground development - we will be able to access never previously mined zones with these two Lode structures, which have contributed a significant amount of the past gold production at Clogau.

One of the keys for old mines like Clogau is to establish efficient ways to access the new development zones we discover through our drilling and other exploratory work. The New Branch Lode gives us exactly that opportunity, not least as it has also helped to open up a further new development zone on the Cornel-2 level. Subject to completing some relatively straightforward safety works, our team will be able to access the Cornel-2 level and gain in situ exposure to the New Branch Lode (involving about 35 m of workings) and the Jack Williams Lode. It also means we can access the 7-10 Lode high within the critical Clogau Shales package."

https://www.londonstockexchange.com/news-article/ALBA/clogau-development-update/15143912

THEY WILL GO AWAY

https://www.mining.com/lithium-price-rally-accelerates-in-september/

Alba's Executive Chairman, George Frangeskides, commented:
"We are very pleased to have been granted this new licence area within the Dolgellau Gold Field. It consolidates our control of the prospective gold exploration ground both within and adjacent to the Gold Field. This new area will be included within our overall plan for continued regional exploration of the Dolgellau Gold Field, details of w

https://www.londonstockexchange.com/news-article/ALBA/dolgellau-gold-exploration-project-update/15140407