Quadrise PLC (AIM:QED) has shared positive progress on several of its key projects aimed at driving a cleaner planet.
The company's industrial demonstration test in Morocco is set to begin this month, with the latest client production schedule finalised.
Anglo Asian’s investment case remains unchanged after its result today, according to broker SP Angel which also tweaked its share price higher to 204p.
“A slight upwards adjustment to the target price reflects higher than we anticipated balance of unrecovered costs at the Gedabek CA recorded for PSA purposes that essentially carries the minimum 12.75% government share of production for longer.”
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) declared a final dividend of US$0.04 that maintained its full-year pay-out at US$0.08 per share for 2022.
This was a year in which the Azerbaijani gold and copper miner met production guidance, which was lower than the previous year due to lower grades mined at Gedabek, while all-in sustaining cost of production increased to US$1,064 per ounce from US$843 due to lower production.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has told investors it is undecided whether it will raise additional capital alongside its planned listing on the Australian Securities Exchange.
The company’s comment comes after a report in Australia which claimed that Greatland had appointed Bank of America and it is seeking to raise A$50mln to A$100mln.
Tower Resources PLC (AIM:TRP) has raised £2.3mln through a placing and share subscription to support the company’s finances as its flagship Cameroon asset advances towards pivotal milestones.
The company, in a statement, said that it has this week received a letter from the Prime Minister of Cameroon advising that he has instructed the Minister of Mines, Industry and Technological Development to accelerate the licence extension process – which will in turn enable partnering efforts to conclude and allow the project to proceed.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) chief executive Sebastien de Montessus has told investors that the company has continued to make significant progress on our ESG strategy.
The gold miner, in a statement accompanying its 2022 sustainability report, noted that the ESG strategy was formulated a few years ago following extensive consultation with a range of stakeholders and is guided by the aims of the United Nations Sustainable Development Goals.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) detailed the financial performance of its portfolio of well assets in the Williston Basin in North Dakota, with US$6.3mln of net revenue generated in its first quarter of 2023.
It marks a decline from US$7.4mln in the fourth quarter as a result of lower commodity prices and standard production decline.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) has appointed Keith Muller as chief executive, in a strategic move to strengthen mine-operating skills as the lithium exploration and development group seeks to deliver Ghana’s first lithium mine.
Muller brings over 20 years of operational and leadership experience to Atlantic Lithium, with a background in hard rock lithium mining and processing, specifically in dense medium separation spodumene processing.
AI technology firm Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has partnered with Collins Aerospace, one of the world's leading avionics companies, to develop eye-tracking solutions for the aviation industry.
The deal, worth US$10mln paid over three years, marks a significant milestone for the safety of global aviation.
Chesnara PLC (LSE:CSN) said it has struck a deal to acquire the onshore individual protection line of business from Canada Life UK, adding life insurance and critical illness policies for roughly 47,000 customers.
The life and pensions consolidator said it had agreed to pay a consideration of £9mln as part of the reinsurance agreement, funded from its own cash, for the line, which was closed to new business in November 2022.
Ora Banda Mining Ltd (ASX:OBM) has made significant strides in enhancing and expanding the mineralised system at Riverina Project in Western Australia, delivering more high-grade gold hits from the final round of a phase 1 program at the underground mine.
Standout assays include: