Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) was upgraded to 'buy' from 'hold' by broker Liberum after the company rejected a conditional offer put forward by major shareholder Assore.
The offer, of 33p per share, was made last week and was the second identically-priced offer made in the past two months, the company revealed, with the relationship with Assore said to remain “supportive and constructive”.
Kodal Minerals PLC (AIM:KOD) said the US$117.75 million funding transaction with Hainan Mining has been completed today as the shares from the US$17.75 million equity subscription were admitted for trading.
The investment, which includes a US$100 million cash injection into Kodal's UK subsidiary company, provides full funding for the Bougouni lithium project in Mali, to not only continue development and begin production, but also for further exploration and development to expand the project.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) delivered what chief executive Rusty Hutson described as consistent and reliable financial results.
“Our solid operational execution against the high-quality assets we manage, the ongoing integration of our most recent acquisitions … and our focus on efficiency delivered sequential cost improvement, which translated into 52% adjusted EBITDA margins,” Hutson said in the third-quarter trading statement.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors it generated some US$6 million of third-quarter revenue from its non-operated production assets in North Dakota’s Williston Basin.
Sales volumes averaged 1,043 barrels oil equivalent per day (boepd), down from 1,385 boepd in the same period last year. The company noted that the production performance was in line with expectations and represented a standard level of decline in the portfolio.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) said that it has twice rejected a takeover approach from its major shareholder, Assore International, worth just over £200 million.
Assore offered to buy all the shares it does not own at a price of 33p or around a 60% premium to the close yesterday.
Cellular Goods PLC (LSE:CBX) has partnered with Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) to launch the former’s upcoming 'Look Better' skincare range on the Chill.com online marketplace.
The partnership will expand UK and US awareness and distribution of Cellular Goods’ premium next-generation wellness products.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it is now focused on wireline operations, having made significant progress at its Tai-3 operation in Tanzania.
Successfully negotiating drilling hurdles, it has now completed the extraction of the drill string from the well, a crucial step in its exploration activities.