Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has wrapped up a backfill program of the test pit at its Kasiya Rutile-Graphite Project in Malawi as part of its broader, sustainability-focused Pilot Mining and Land Rehabilitation Program.
Quadrise PLC (AIM:QED)'s latest fuel trial news is another "highly encouraging" milestone, according to analysts at stockbroker Shore Capital, which reckons the alternative fuel firm could more than double in value as it advances towards commercialisation.
The London-listed small-cap is among the top performers in the second half of 2024, with the shares up some 190% in the past month as key deals show progress.
Powerhouse Energy Group PLC (AIM:PHE) shares gained nearly 10% on Monday after it announced the mechanical completion of its Feedstock Testing Unit (FTU).
The milestone was achieved on schedule and within budget, the company said.
Quadrise PLC (AIM:QED) shares moved higher again on Monday, after the alternative fuels firm announced an agreement with Sparkle Power SA, a thermal power producer in Colón, Panama, to test the firm’s MSAR and bioMSAR fuels at the 50MW El Giral power plant.
Changing hands at 4.59p, Quadrise shares are up some 190% over the past month.
Rainbow Rare Earths Ltd's (LSE:RBW, OTC:RBWRF) Interim Study for Phalaborwa used much higher confidence level parameters compared to the original preliminary study or PEA, notes broker SP Angel.
In particular, the study incorporates results from the large-scale pilot testwork to recover REE from phosphogypsum into a high-grade intermediate product.
Critical Mineral Resources PLC (LSE:CMRS) has completed its first transaction in high-grade lead concentrate as part of its commodity trading business.
Its trading operation involves sourcing raw ore and concentrates from small-scale miners across Morocco’s mining regions, CMR markets these materials through the Casablanca commodities exchange or sells directly to international buyers.
Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) said a Notice of Intent (NOI) drilling permit has been approved for the Dragon target at the San Domingo Project in Arizona.
An additional NOI at San Domingo North has been submitted to the Bureau of Land Management (BLM) proposing new drill holes at Ruby Soho and Midnight Owl.
Valereum PLC (AQSE:VLRM, OTC:VBLXF), a company focused on digital assets, has announced a potential £13 million investment deal with DMC Markets, Inc., a significant step toward growing its global presence and technology capabilities.
Valereum plans to issue 130 million new shares at 10 pence each to DMC shareholders. This would make DMC shareholders owners of about 43% of Valereum’s shares. The funds raised will help Valereum expand its digital asset services, explore new markets, and invest in three strategic digital asset companies.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) said a new study of the Phalaborwa project in South Africa had reinforced the ‘exceptional economics’ first identified in the initial PEA.
George Bennett, Rainbow’s chief executive, said: “The capital and operating cost estimates, now at a much higher level of economic confidence than at the PEA stage, confirm that Phalaborwa remains the highest margin rare earth project in development today outside of China.”
Graft Polymer (UK) PLC (LSE:GPL) is buying Awakn Life Sciences Corp in an all-paper deal worth £4.98 million, expanding its interest in the fields of mental health and addiction.
Awakn, a Canadian clinical-stage biotechnology firm, specialises in treatments for substance use and mental health disorders.