Netscientific is demonstrating a strong strategic direction against a challenging market backdrop and driving towards key value inflection points, profitable exits and new funding opportunities, said broker WH Ireland.
“Despite the modest year-end cash position, we remain reassured that the balance sheet is supported by potential proceeds of selling privately held and market quoted holdings, moving towards an evergreen model, and we retain our risked-based sum-of-the-parts fair valuation of NSCI of 180p per share.”
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has expanded its footprint on Alaska’s North Slope, adding some 39,540 acres through a state lease sale.
“Pantheon will soon have c. 193,000 acres under lease with a material resource base in the billions of barrels,” said chief executive Jay Cheatham.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) said Keith Muller, its recently appointed CEO, and Patrick Brindle will both join the Africa-focussed lithium mining company’s board of directors.
Muller was appointed CEO on 16 May 2023, having joined last November as COO, and has over 20 years of experience in hard rock lithium mining and processing, according to a statement.
Quantum Blockchain Technologies PLC (AIM:QBT) said it has raised £1mln by way of a placing, with funds used to continue its research and development programmes.
Some 71mln shares were sold at 1.4p each, according to a statement.
JLEN Environmental Assets (LSE:JLEN) Group Ltd has hailed the moment its first grid-scale battery storage investment came online as a significant milestone.
FTSE 250-listed JLEN confirmed the Dundee-based 50MW lithium-ion plant had begun commercial operations and will now store power for the UK’s grid.
Cordiant Digital Infrastructure Ltd (LSE:CORD) said its portfolio company Emitel has acquired American Tower (NYSE:AMT)’s subsidiary in Poland, ATC Polska.
According to a statement from the investor in digital infrastructure, ATC Polska’s portfolio will comprise 65 modern lattice towers which are leased to mobile network operators (MNO) via inflation-linked contracts with long tenors.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said Newcrest Mining Limited (ASX:NCM) has exercised its option to take over management of the Juri joint venture in the Paterson region of Western Australia.
Under the terms of the farm-in and joint venture agreement for Juri, Newcrest could elect to become the manager at any time following an initial period.