Arian Silver (LON:ACQ, CVE:ACQ) shares skyrocketed in afternoon deals as it revealed its settlement with Quintana is now finalised, sending shares soaring.
As reported last November, Arian was to settle outstanding debts by handing over its flagship San Jose project in Mexico to Quintana..
As a result, Arian has no borrowings and positive net working capital of US$238,000 and retains the San Celso, Calicanto and Los Campos projects along with 1,600 hectares of mining concessions.
Arian chief executive Jim Williams said: "We remain focused on a return to growth with the raising of funds, acquisition of additional mining concessions, and continuing of exploration activity."
Elsewhere in mining, which was quite prominent today, DiamondCorp (LON:DCP) shares rose 8% as it said ramp up to full production from the Upper K4 (UK4) Block is on track to achieve 30,000 tonnes per month by July this year and it is hoping for a new resource statement at its Lace mine in South Africa in the next few weeks.
The 400 tonne per hour conveyor belt was fired up in November and is operating to design capacity, the group said.
Meanwhile, Metals Exploration (LON:MTL) says it's agreed a new debt repayment timetable with the financiers of its Runruno mine in the Philippines.
First production from the gold mine has been delayed by repairs following typhoon Lando and permit issues.
Clearing up and repairing the typhoon damage is finished while work on the tailings system and areas is nearing completion, Metals Ex said.
Elsewhere, Resource investor Metal Tiger (LON:MTR) told investors it had raised £321,000 through a placing and subscription of shares to advance its projects.
The firm issued around 40.1 mln shares at 0.80p each with high net worth investors - around the market mid-price of the firm at the point it agreed the deal.
It also issued the same amount of warrants to subscribe for 40.1mln shares in the firm at an exercise price of 1.60p per warrant, within an 18 month exercise period.
Mariana Resources (LON:MARL) and its partner Lidya have agreed to collaborate on more exploration at their joint venture at Hot Maden in Turkey after the initial success.
Mariana owns 30% and Lidya 70% of the project and the two companies have agreed to spend a further US$8mln in 2016 on 20,000m of extension and infill drilling.
A preliminary economic assessment (PEA) is anticipated to be completed by the final quarter of 2016.
In other news, component distributor APC Technology Group (LON:APC) has renewed and extended its energy use monitoring contract with the Royal Mail (LON:RMG).
The original contract was an energy audit and lighting controls of the Royal Mail’s largest energy-using sites, but it has now been extended to cover five of the postal service’s 1,000 smaller sites.
Union Jack Oil (LON:UJO) shares rose over 4% to 0.12p as it deepened its partnership with Egdon Resources (LON:EOG) in onshore UK by taking a stake in the Laughton prospect in the East Midlands.
It follows on from the success of the Wressle discovery, where Union Jack has 8.3% of the Egdon led project where production is expected in the near future.
Laughton marks the sixth of Egdon’s onshore UK oil projects that Union Jack has partnered into, all of which involve Egdon and typically have active programmes either ongoing or upcoming.
Tissue Regenix (LON:TRX) has agreed a joint venture in Germany that will use its patented technology to supply replacement heart valves and skin for grafts, nudging shares higher.
German firm GTM-V, a tissue bank based in Rostock, expects first products from the venture to be launched in 2017 subject to regulatory approval.
It is the first commercial application of Tissue Regenix’s cell washing technology, dCELL, in heart valves.