Sovereign Metals Ltd has signed a non-binding Memorandum of Understanding (MOU) with the Electricity Supply Corporation of Malawi (ESCOM) to secure long-term renewable energy supply for its Kasiya Rutile-Graphite Project. The agreement outlines a path to access 60 megawatts (MW) of hydropower through a grid connection to the Nkhoma Substation, supporting steady-state operations at Kasiya from year six.
This development coincides with a significant energy milestone for Malawi. The World Bank has approved a US$350 million (AU$545M) grant to support the landmark Mpatamanga Hydropower Storage Project (MHSP), which will add 358MW of capacity to Malawi’s national grid by 2030. The dual developments are pivotal for both Kasiya’s feasibility and the country's broader economic infrastructure.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has confirmed it is in discussions with Canadian miner Dundee Precious Metals Inc (TSX:DPM) over a possible full takeover of the business, following recent media speculation.
The London-listed company, which operates the Vares silver project in Bosnia and Herzegovina, said it had granted Dundee access to a limited set of confidential company documents to support due diligence efforts. However, Adriatic stressed there was no certainty that any formal bid would be made, or what the terms might be.
Bango PLC (AIM:BGO, OTCQX:BGOPF) has signed a new licensing agreement for its Digital Vending Machine platform with a US telecommunications provider.
The agreement is with Optimum, a provider operated by Altice USA that serves around 4.5 million customers across 21 US states, which will adopt the DVM platform to launch new bundled streaming subscription offers to its customer base.
Giyani Metals Corp (TSX-V:EMM, OTC:CATPF), which is developing the K.Hill battery-grade manganese project in Botswana, has announced the first shipment of high purity manganese oxide (HPMO) samples from its Johannesburg-based demonstration plant to multiple potential offtake partners for testing and qualification.
The company previously reported the successful production of HPMO from the plant in March 2025.
M2i Global (OTC:MTWO) said on Tuesday it has appointed Peter O’Rourke Sr as a senior advisor to its executive team and board of directors.
O’Rourke, a veteran of both the US Navy and Air Force, served as acting Secretary of the Department of Veterans Affairs in 2018 under President Donald Trump. He brings over 30 years of experience in the military, government, and private sector, with a focus on logistics, supply chains, and policy development.
When the UK government introduced the Energy Profits Levy in May 2022, the move was pitched as a straightforward fix.
Oil and gas prices had soared after Russia’s invasion of Ukraine, public energy bills were climbing, and energy groups were posting record profits. A “windfall” tax would skim off the excess and ease the burden on households. Simple politics, simple economics...or so it seemed.
EnWave Corp (TSX-V:ENW, OTC:NWVCF) announced that it has amended its royalty-bearing license agreement with Creations Foods US, expanding the partnership to include pet treat applications.
The agreement, originally signed in March 2023, gave Creations Foods the rights to produce dried cheese snacks using EnWave’s Radiant Energy Vacuum (REV) dehydration technology.
Wedgemount Resources Corp (CSE:WDGY, OTCQB:WDGRF) said on Tuesday it has appointed Simon Clarke to its board of directors.
Clarke has nearly three decades of experience in the energy, mining, and energy technology sectors, Wedgemount told shareholders, and was a co-founder and executive at Osum Oil Sands Corp, which grew into a 20,000-barrel-per-day oil producer before its $400 million acquisition by Waterous Energy Fund in 2021.
Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) has expanded the footprint of shallow uranium mineralization in several zones at the ACKIO prospect in northern Saskatchewan.
The Canadian exploration company said six drill holes from its 2024 summer drilling program intersected uranium within 50 metres of surface in Pod 1, while 11 holes confirmed mineralization within 100 metres in three pods.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) revealed multiple near-surface uranium showings at its Corvo Uranium Project in Saskatchewan, where it is about to kick off its inaugural drilling campaign.
The junior resource company has been compiling legacy data and conducting modern geophysical surveys to advance target development at the basement-hosted uranium prospect under a three-year earn-in option agreement with Aventis Energy.
Shares in neuroscience analytics firm IXICO PLC (LSE:IXI, OTC:PHYOF) rose 11% on Tuesday after the company said it was well placed to meet or exceed full-year expectations, citing stronger trading, new contract wins and disciplined execution of its strategy.
In a note published the same day, Cavendish Securities reiterated its 'buy' rating and set a 24p price target, more than double IXICO’s current share price of 10p.
IXICO PLC (LSE:IXI, OTC:PHYOF) said on Tuesday it is on track to meet or exceed expectations for the year, crediting a tightly focused strategy for a strong first-half performance marked by rising revenues and improved margins.
The neuroscience imaging company reported a 26% rise in revenues to £3.2 million in the six months to 31 March, up from £2.5 million a year earlier.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) on Tuesday published its annual ESG Report for 2024, reflecting an evolution toward more sophisticated sustainability practices and a "strategic approach to addressing climate-related business challenges".
The gold miner noted it completed a climate change risk assessment during the year, examining the potential effects of extreme weather, water stress, energy security and regulatory changes.
European Lithium Ltd has unveiled historical assay results from deep diamond drilling at the Tanbreez Project in Greenland that point to decent concentrations of total rare earth oxides (TREO) and a notable ratio of heavy rare earth oxides (HREO).
The reported results, derived from six diamond drill holes completed in 2013, demonstrate TREO values in the vicinity of 0.39% to 0.48%.