Australian Vanadium Ltd (ASX:AVL) has completed its management transition as it moves into the construction and operational phases of its namesake project with managing director Vincent Algar announcing his retirement.
The respected executive will retire from the company’s Board of Directors on July 14, 2023, but will continue in a transition role for the next few months, as AVL continues to develop the Australian Vanadium Project in Western Australia.
Analysts at corporate broker Liberum have reiterated Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11)’s buy rating despite a downgraded share price target of 35p.
The price downgrade was due to delays in product commencement and lower production guidance for 2025 and 2026, though the price target still represents 42% upside against the publication price of 25p.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced the appointment of Allegra Hosford Scheirer, a scientist at Stanford University in California for 15 years, as an independent non-executive director of the company with immediate effect.
Hosford Scheirer is an internationally recognised expert in petroleum system analysis, having deployed basin modelling, organic geochemistry, geophysical techniques and machine learning to evaluate numerous oil and gas provinces throughout the world, including the Alaska North Slope. She graduated with a PhD in marine geology and geophysics from the Massachusetts Institute of Technology and subsequently worked with the Energy Resources Program at the US Geological Survey (USGS).
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) announced it has completed the acquisition of additional oil and gas production assets in Texas.
The company said it completed the purchase of new-non operating working interest in leases and wells with conventional onshore production and in development assets within the Permian Basin of Texas.
Nova Minerals Ltd (ASX:NVA, OTCQB:NVAAF) has resumed drilling activities at the RPM area as part of ongoing efforts to unlock the potential of the Estelle Gold District in Alaska.
This year's drilling program will deploy an average of three diamond rigs, operating 24 hours a day on a rotation basis, seven days a week.
Lake Resources NL (ASX:LKE, OTCQB:LLKKF) has announced the immediate appointment of Lindsay Bourg to the role of chief accounting officer. Bourg will be based in the company's Houston office.
The strategic appointment adds 20 years of experience to Lake’s management team, with Bourg making her mark in accounting and finance functions within the energy sector.
In a bid to streamline its capital structure, Xantippe Resources Ltd (ASX:XTC, OTC:XTCPF) has outlined plans to consolidate issued capital and has appointed Roth Capital Partners, LLC as corporate advisors.
This reshaping of Xantippe's capital framework would see every 200 existing shares convert into one, effectively reducing the number of shares in circulation from 11.48 billion to around 57.4 million with a view to improving future growth prospects.
Empress Royalty Corp has announced the appointment of Xavier Wenzel of Fehr & Associates (F&A) as interim chief financial officer (CFO) of the company, replacing Janet Meiklejohn. "We are pleased to welcome Xavier Wenzel, as Interim CFO to the company, " stated Alexandra Woodyer Sherron, president & CEO of Empress Royalty. "His extensive experience in mining finance, and specifically in the royalty industry as CFO of Ely Gold Royalties, will be extremely beneficial in this transitionary period." As a principal at Fehr & Associates, a registered accounting practice, and a member of The Chartered Professional Accountants of British Columbia, Wenzel has considerable audit and tax expertise, as well as extensive experience with financial and regulatory reporting for public companies under IFRS and US GAAP. He has spent several years providing senior level accounting services for publicly traded companies and currently holds CFO positions for Chakana Copper Corp, Pure Energy Minerals Ltd and NuLegacy Gold Corporation. Formerly his CFO roles included Ely Gold Royalties Inc and Guanajuato Silver Corp, which was formerly known as Vangold Mining Corp.
NEO Battery Materials Ltd has announced a financing to raise a minimum of C$3.9 million in connection with its change of business into an Industrial, Technology, or Life Sciences Tier 2 Issuer. The company said it has yet to finalize the term, nature and/or price of each unit of the financing. The net proceeds of the financing will primarily be utilized for groundwork for the South Korean silicon anode commercial plant, material & equipment procurement, North American R&D expansion, and general working capital. NEO expects the final approval of the change of business to occur following the closing of the financing.
Delta 9 Cannabis Inc has announced the voting results on the election of directors from its 2023 annual general and special meeting of shareholders. A total of 40,205,444 common shares of the company representing 24.86% of the 161,737,167 issued and outstanding shares were voted in connection with the meeting. Shareholders approved all items of business before the meeting, including the re-election of directors, the reappointment of Baker Tilly as the auditors of the company and approved the unallocated awards under the company’s amended and restated stock option plan and amended and restated performance and restricted share unit plan.
FansUnite Entertainment Inc has announced the voting results of its annual general meeting of shareholders held on June 23, 2023. All nominees listed in the company's management information circular dated May 10, 2023, were duly elected as directors of the company, to hold office until the next annual meeting of the shareholders, and KPMG was re-appointed as auditor of the company at a remuneration to be fixed by the directors.
Loncor Gold Inc has announced that the six nominees listed in the company's management information circular for the annual and special meeting of shareholders held on Friday, June 30, 2023 were elected at the meeting as directors of Loncor by a show of hands.
OTC Markets Group Inc revealed that Alta Copper Corp, which is developing the Cañariaco advanced staged copper project, has qualified to trade on the OTCQX Best Market. The company begins trading on the OTCQX under the symbol “ATCUF.” Alta Copper’s Cañariaco advanced staged copper project comprises 97 square kilometers (km) of highly prospective land located 150 km northeast of the City of Chiclayo, in Peru. It includes the Cañariaco Norte deposit, Cañariaco Sur deposit and Quebrada Verde prospect, all within a 4 km northeast-southwest trend in northern Peru’s prolific mining district. Cañariaco is one of the largest copper deposits in the Americas not held by a major. The OTC Markets is the operator of regulated markets for trading 12,000 US and international securities.