logo-loader

Proactive news round-up: Arian Silver, European Oil & Gas, GeneDrive …

A glance at some of the stories on the Proactive newswire today

Today's Proactive wire stories
Newspaper reader

Proactive Spotlight …

Arian Silver Corp (LON:ACQ) has taken out an option to acquire three lithium exploration projects in Mexico.

The projects cover 1,600 hectares in Zacatecas State, a region known for its lithium deposits said Arian.

The vendor is a privately held company, Comercializadora Gacu SA de CV, with the cost up to US$200,000 payable in instalments over the next 12 months including a non-refundable deposit of US$20,000.

WATCH: Arian boss says new lithium projects "good, exciting opportunity" ...

CLICK HERE: For a daily round-up of all the Proactive news …

Jim Williams, Arian’s chief executive, said the option was part of a strategy to diversify from exclusively exploring silver deposits.

Preliminary exploration at the projects (Pozo Hondo, Columpio, Abundancia) is already underway, he added and will be carried out alongside its silver exploration

Other Proactive stories ...

Europa Oil & Gas Holdings PLC (LON:EOG) told investors that the formal planning appeal process for the Wressle field development will start in the coming weeks. Appeal documentation is now being validated. That process is expected to take between one or two weeks, and a start date will be confirmed after that.

Genedrive PLC (LON:GDR) is to showcase data for its rapid diagnostic device for Hepatitis-C (HCV) to industry professionals at the International Liver Conference in Amsterdam later this month.

The rapid diagnostics specialist Akers Biosciences Inc (LON:AKER, NASDAQ:AKER) expects the growth in sales of its heparin allergy product to provide the foundation stone for progress in 2017. Second-half sales of the PIFA PF/4 device were strong as the company targeted hospitals in the US and generated a significant early revenues from China.

Hummingbird Resources PLC (LON:HUM) has sealed a US$60mln debt agreement on better than anticipated terms that will fund the build of its Yanfolila gold mine in Mali. The facility is with Coris Bank, one of the largest and fastest growing lenders in West Africa.

Rockhopper Exploration Plc (LON:RKH) chairman David McManus says the focus will shift onto the Sea Lion field’s commercial, fiscal and financing elements of the project. Last year, the project’s engineering design was advanced towards conclusion.

Savannah Petroleum PLC (LON:SAVP) has sketched in some detail to plans for a three-well drilling programme in Niger, revealing it will focus on the company’s R3 Area.

WATCH: CEO Andrew Knott runs through upcoming drilling campaign …

URU Metals (LON:URU) is to invest £500,000 in Management Resource Solutions PLC (LON:MRS) in a conditional placing that will raise up to £3mln at 5p per share.

Tethyan Resources PLC (LON:TETH) has hired Serbian contractor Drillex International to drill the Rudnitza porphyry prospect in late April 2017.

City broker Liberum has reacted favourably to yesterday’s news that Bacanora Minerals Ltd (LON:BCN) has signed an off-take deal with one of the largest traders of battery chemicals in Asia.

City broker N+1 Singer has hiked its target price for StatPro Group PLC (LON:SOG) after the portfolio analytics services provider shelled out £11mln for UBS Delta.

Tlou Energy Limited (LON:TLOU) told investors that the deadline for the share purchase plan for a previously announced funding has been extended until April 21. The extension allows for the receipt and processing of applications around the Easter public holiday period, the company said.

Iofina plc(LON:IOF), which extracts iodine from brine water, has told investors it performed well in the first three months of 2017 despite having to deal with a couple of challenges.

WATCH: Iofina boss talks through "pretty good start" to new year ...

Vietnam-focused trust VinaCapital Vietnam Opportunity Fund Limited (LON:VOF)  has sold its entire stake in the Dai Phuc Lotus real estate project as it reduces its direct property holdings.

Shares in pawnbroking group Ramsdens Holdings PLC (LON:RFX) continued their stonking performance since floating just two months ago, boosted by a bullish trading update and an initiation of coverage by broker Liberum Capital with a ‘buy’ rating.

Shares in Fitbug Holdings Plc (LON:FITB) shot up about a third after a non-regulatory announcement revealed that a large financial institution has renewed as a customer. Fitbug, which now trades as Kin Wellness, said the customer has renewed for wellbeing services after a successful first year.

Shares in XP Power Ltd (LON:XPP) surged on Tuesday Morning after the power control components maker told investors revenue growth accelerated again in the first quarter of 2017. Group revenues had been building up over the previous two quarters and rose 40% for the three months ended 31 March to £39.6mln.

Immedia Group PLC (LON:IME) was out of favour with the market on Tuesday after it blamed the bad timing of new contracts for a swing to a loss in 2016. The group, which provides streamed music programmes to retailers, posted a small profit before tax in 2015 but for the year to 31 December 2016 it fell to a loss before tax of £184,000.

CLICK HERE: For a daily round-up of all the Proactive news …

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mines & Money's Andrew Thake on this year's keynote speakers and big awards

Mines & Money's Andrew Thake talks Proactive's Andrew Scott through the keynote speakers expected at next week's event in London. Thake adds there'll be 17 awards for 2019 across a variety of categories including Mining CEO of the year and Exploration Discovery.

1 hour, 41 minutes ago

5 min read