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Proactive news snapshot: Strategic Minerals, Sirius Minerals, Atlantis Resources …

Published: 15:45 12 Apr 2018 BST

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Strategic Minerals Plc (LON:SML) said its Cobre magnetite tailings operation in New Mexico saw continued strong sales in the first quarter of 2018. The AIM-listed miner reported quarter sales of US$1.4mln at 21,635 tonnes, in line with management expectations.

Sirius Minerals PLC (LON:SXX) wants to swap debt for equity, as it has called its convertible bondholders to action. The UK mine developer, in a stock market statement, highlighted that the bonds are trading substantially "in‐the‐money" and said it is seeking to accelerate conversion.

Atlantis Resources Limited (LON:ARL) said the MeyGen tidal stream power project has now formally entered the 25-year operations phase.

Galileo Resources PLC (LON:GLR) said it has completed a placing to raise £550,000 of working capital for the next stage of its Star Zinc project. The AIM-listed miner said the 50mln new shares, with a placing price of 1.1p or a 20% discount on the 11 April 2018 mid-market close of 1.375p, would be admitted to trading on AIM at or around 17 April 2018.

African Battery Metals PLC (LON:ABM) has extended the auger drilling programme on its Kisinka property in the Democratic Republic of the Congo (DRC) to investigate some additional soil anomalies. The AIM-listed firm said that two lines of augering have so far been completed on the 70% owned Kisinka licence acquired in December 2017 - one across the southeastern part and the second towards the northwestern part of the licence.

SDX Energy Inc (LON:SDX) confirmed its latest well success, with the Ibn Yunus-1X well at the South Disouq project unearthing a larger than expected gas reservoir. The company told investors that the well encountered 100.8 feet of natural gas pay in the Abu Madi horizon and the average porosity was measured at 28.5%.

Akers Biosciences Inc (LON:AKR, NASDAQ: AKER) has appointed two independent sales representatives in the US to enhance the sales and marketing push around its Heparin/PF4 Rapid Assay.

Galantas Gold Corporation (LON:GAL) (CVE:GAL) has negotiated two tranches of additional finance that will be used to further develop the Omagh Mine in Northern Ireland. It has agreed a concentrate prepayment deal for US$1.6mln with Ocean Partners. The coupon is 8.75% plus US dollar 12-month LIBOR with a six-month interest payment holiday. The arrangement fee is US$25,oo0, while Ocean will also get 15mln bonus warrants.

Falcon Oil & Gas Ltd (LON:FOG) has boasted that it has a “strong financial position” as it awaits a pivotal, official decision from the authorities in Australia’s Northern Territory.

Seeing Machines Limited (LON:SEE), an industry leader in computer vision technologies which enable machines to see, understand and assist people, has announced the appointment of Cenkos Securities as its nominated adviser and joint broker with immediate effect. The group said Canaccord Genuity Limited will remain as joint broker to the company.

AfriTin Mining Limited (LON:ATM), a mining company with a portfolio of near-production tin assets in Namibia and South Africa, with the flagship asset being the Uis Tin Mine in Namibia, has announced the appointment of a new joint broker, Novum Securities with immediate effect.

Thor Mining PLC (LON:THR) (ASX:THR) has announced a CHESS Depositary Interest (CDI) Sale Facility for holders of less than a marketable parcel of CDIs quoted on the Australian Securities Exchange (ASX). Under ASX Listing Rules, the group said, a process exists which allows listed entities to provide holders of parcels of securities valued at below A$500 the opportunity to sell those holdings without incurring brokerage or other transaction fees.

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