Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) is a buying opportunity after today’s trading update, according to analysts at broker Berenberg.
Results were a mixed bag, said the broker, with tin production of 232t below the broker’s expectation of 285t as ore processed and grades undershot, but recoveries improved.
Shares in Tiger Royalties and Investments Plc (LSE:TIR) doubled in value following the announcement of a strategic acquisition, a £3 million fundraising, and plans to expand its investing policy.
The company will acquire Bixby Technology Inc. for £325,000, conditional on shareholder approval, with Jonathan Bixby set to join the board as executive director and head of technology projects.
Neometals Ltd (ASX:NMT, OTC:NMTAY, AIM:NMT)’s share price plummeted 22% on Friday after the ‘sustainable process technology developer’ announced its intention to delist from the AIM junior market.
Following the cancellation scheduled for 3 February 2025, Neometals’ shares will remain active on the Australian Securities Exchange (ASX).
London-listed copper producer Atalaya Mining (AIM:ATYM, TSX:AYM) plc has met with shareholders in an attempt to resolve a partial protest against the group’s director pay policy.
At a general meeting earlier this year, 33% of shareholders voted against Atalaya’s director remuneration.
Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) said it saw operational improvements in key areas at its Uis mine in Namibia during its third quarter while the tin price has also recovered sharply.
Ore processed in the three months to 30 November 2024 rose by 5% to 239,000t, tin production rose 15% to 232t, while plant utilisation rose seven points to 93% and tin recoveries by eight points at 74%.
Ariana Resources PLC (AIM:AAU) has pushed out the date of its proposed dual-listing on the Australian Securities Exchange (ASX) towards mid-2025.
A prospectus in connection with the proposed dual-listing is now scheduled to be lodged during the first half of 2025, with the proposed dual-listing targeted for completion before the end of the half-year.
Kodal Minerals PLC (AIM:KOD) said production remains on track at the Bougouni lithium mine in Mali for the first quarter of 2025 with construction progressing on time and within budget.
The first of two crushing circuits has been commissioned with the second to start in weeks, while the steelwork from the main plant building is “essentially complete”.
South Africa-based platinum and chrome miner Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) said it is currently managing a cybersecurity incident after detecting unauthorised activity on its network.
Operations remain unaffected, supported by established business continuity processes, a statement added.
Oriole Resources PLC (AIM:ORR) Martin Rosser talked with Proactive about the company's progress at the Mbe gold project in Cameroon. Rosser shared an update on the maiden drilling campaign, which includes 24 holes over a 6,590-meter program. The initial results are promising, with the first hole extending 358 meters and showing geological similarities to earlier trenching studies.
He emphasised the importance of the drilling program in identifying potential gold resources at depth, following significant surface results from soil sampling and trenching at the Mbe South prospect. The first assay results are anticipated early in the new year, and the program continues steadily with the second hole already underway.
GreenRoc Strategic Materials PLC (AIM:GROC) CEO Stefan Bernstein talked with Proactive about the company’s efforts in developing the world-class Amitsoq graphite deposit in Greenland. He explained the high-grade graphite's applications, including its critical role in the energy transition as active anode material for batteries.
Bernstein highlighted the company's dual focus: producing graphite concentrate from the mine and establishing a subsidiary in Norway to process it into battery-grade material. The decision to base the plant in Norway leverages the country's low-cost hydropower and supportive battery strategy.
Ora Banda Mining Ltd (ASX:OBM) has passed a major milestone with first ore intersected at the Sand King Underground Mine which forms part of the Davyhurst Gold Project in Western Australia and the company’s ‘DRIVE TO 150 Project’.
Multiple ore lodes have been intersected in the first crosscut on the 315 Level just four months after establishing the portal and in line with internal planning.
Coal demand is set to smash all records this year and remain at close to record levels for the foreseeable future, predicts a new report from the International Energy Agency.
Some 8.7bn tonnes are expected to be used this year due to global gas supply problems still lingering from Russia’s invasion of Ukraine.
Metals One PLC (AIM:MET1), which holds a 39% stake in the Råna Project in Norway, has announced positive results from the 2024 drilling programme conducted by project operator Kingsrose Mining.
Three holes, totalling 706 metres, were drilled at the Rånbogen prospect, revealing new zones of nickel, copper, and cobalt mineralisation.
BHP Group Ltd (LSE:BHP, ASX:BHP) has confirmed it has been served with a class action in Australia alleging sexual harassment and discrimination.
The claim is brought on behalf of all women who worked at the mining giant's Australian workplaces at any time during the period 12 November 2003 to 11 March 2024 who were impacted by the alleged conduct, said the statement.
Anglesey Mining PLC (AIM:AYM) said it has been encouraged by the draft opinion on its scooping report for the Parys Mountain project, but is awaiting formal feedback from the Planning Service.
The scoping report set out the project’s perceived impacts, specifically identifying any crucial and significant impacts which will be assessed as part of the final environmental work (EIA) report, said a statement with its half-year results.
Shares in Technology Minerals PLC (LSE:TM1) soared 273% after its subsidiary, Recyclus Group, signed an offtake agreement with Glencore for the supply of black mass—a key material derived from recycled lithium-ion batteries.
Under the deal, Recyclus will supply black mass produced at its industrial-scale recycling facility in Wolverhampton to Glencore’s European operations.
Technology Minerals PLC (LSE:TM1)’s 48%-owned subsidiary, Recyclus Group has signed a black mass offtake agreement with Glencore PLC (LSE:GLEN).
Under the agreement, Recyclus will supply black mass, produced at its industrial-scale lithium-ion facility in Wolverhampton, to Glencore’s European operations.
In a case of good news masquerading as quite the opposite, shares in Cadence Minerals PLC (AIM:KDNC) fell 38% after it announced a deal to acquire stakes in tungsten, antimony, and gold exploration projects in Spain and Portugal.
The undoubted cause for the negative reaction was the fact that this deal will be funded by £1 million placing of new shares at 1.5p - a fairly steep discount to Monday's close of 2.76p.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has entered into an At the Market, or 'ATM', sales agreement with Cantor Fitzgerald that, at its discretion from time to time, will allow the gold miner to sell up to US$50 million worth of shares.
Any sales of shares would occur via ordinary brokers' transactions or block trades, with sales only being made on the NYSE American at market prices, Caledonia added.
European Green Transition PLC (AIM:EGT), the AIM-listed company focused on green economy assets, has reported final results from its drilling programme at the Olserum rare earth element (REE) project in Sweden, confirming the district-scale potential for the mineralised system.
All 13 drill holes in the programme intersected mineralisation, strengthening EGT’s strategy to monetise the project through a sale or partnership as the company pivots towards revenue-generating opportunities in the green economy.
Rome Resources Plc (AIM:RMR), the AIM-listed tin explorer focused on the Democratic Republic of Congo, has raised £4.2 million through a strategic investment from Stanvic Mining to expand its drilling programme and bolster exploration efforts at its Bisie North project.
Stanvic, a DRC-based investor with experience in the natural resources sector, will subscribe for new ordinary shares at 0.35p each - a premium to Monday's closing price.
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.
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.
Oriole Resources PLC (AIM:ORR) picked up almost 4% on a reassuring update from its first drill hole completed at the Mbe gold project, Cameroon.
The drilling has encountered the amphibolite-gneiss host rocks intruded by felsic porphyries, which correlates with the lithologies noted during trenching, noted SP Angel.
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.
Oriole Resources PLC (AIM:ORR) said the first hole of its maiden drilling programme at the Mbe gold project in Cameroon had correlated “well” with lithologies identified during the trenching programme.
Drilled to 358 metres, the hole is the first of 24 planned covering a total of 6,590 million with the programme funded by BCM International, which has an option to take a 50% interest.
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.
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.”
Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) has secured firm commitments to raise A$4 million in a capital raising at A$0.007 per share, attracting institutional and sophisticated investors.
