Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) says Malawi’s new export ban on raw minerals won’t affect its Kasiya project. The company already plans to process and export only finished rutile and graphite products from within Malawi.
Idox PLC (AIM:IDOX) shares jumped more than 24% after directors backed a £339.5 million cash takeover by Long Path Partners. The US investor is offering 71.5p a share, the highest level for Idox stock since last year.
Panther Metals PLC (LSE:PALM) shares slipped 8% after announcing a £600,000 placing at 60p per share, an 11% discount to Monday’s price. Chief executive Darren Hazelwood is buying the shares and transferring them to investors arranged by Hybridan.
Pulsar Helium Inc (AIM:PLSR, TSX-V:PLSR, OTCQB:PSRHF) fell 14% after a large block of shares was sold by a company linked to a director. ABCrescent Cooperatief, managed by Brice Laurent, sold 8.2 million shares, raising about £3.1 million.
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