Mining company investor Cadence Minerals Plc (LON:KDNC) is to restructure its balance sheet to free up capital for new lithium assets. Cadence added it is already at an advanced stage of reviewing several early stage lithium projects, which can be developed and produce cashflow faster than a typical lithium carbonate deposit.
Thor Mining PLC (LON:THR) chairman Mick Billing said high-cost exploration is no longer a key activity for the company as he set out plans to fast-track its key tungsten and copper projects. Part of the programme for the coming months is a review of the open-cut ore reserve at Molyhil, its tungsten and molybdenum deposit in Australia’s Northern Territory.
Richland Resources Ltd’s (LON:RLD) Capricorn sapphire operations were hindered by mine rehabilitation, ahead of the upcoming wet season, nonetheless, the company believes it remains “well positioned”. “Each Capricorn Sapphire gemstone ensures quality, environmental best practice under Queensland and Australian mining law and both safe and ethical operational practices,” said Bernard Olivier, Richland chief executive.
Challenger Acquisitions Limited (LON:CHAL) said it has received £250,000 from the previously announced £1mln unsecured convertible note facility due on 8 June 2019. The group said in total £600,000 has now been received from this facility, with the funds received to be used for general working capital purposes and to support the company in its review of projects to complement its US$3mln equity interest in the New York Wheel Project.
Greatland Gold plc (LON:GGP) told investors it has extended its field operations at the Panorama project in the Pilbara region of Western Australia. The extended operations aim to assess gold potential, focussing on the possible mineralisation in the southern licence area, and it will involve additional mapping, stream sampling and metal detection.
OptiBiotix Health plc (LON:OPTI) has signed a profit sharing agreement with a division of Premier Foods, which will manufacture and distribute the breakthrough weight-loss product, SlimBiome. The deal is with Knighton Foods, a supplier of powdered products to supermarkets and High Street coffee houses.
Bango plc (LON: BGO) has expanded its presence and business development activity in South Korea, increase payment opportunities for digital, physical and Internet of Things (IoT) services across the region. The AIM-listed mobile payments company announced that, to lead these opportunities, it has appointed Alex Oh as Country Manager, South Korea, whose 25 year career includes technical leadership at Samsung, Dilithium Networks and Comverse and most recently in the field of media streaming devices.
Corero Network Security PLC (LON:CNS) is clearly doing something right after one of its early customers renewed its contract for the third consecutive year. The renewal with the unnamed digital enterprise client is worth over US$200,000 and will see Corero continue to supply its SmartWall Threat Defense System.
Renewable energy specialist Active Energy Group PLC (LON:AEG) has raised £1.75mln as it looks to accelerate the international commercial roll out of its CoalSwitch biomass fuel.
Banking software specialist Lombard Risk Management plc (LON:LRM) said challenger bank has signed up to take its AgileREPORTER service for 10 years.
Greencoat UK Wind PLC (LON:UKW) has acquired an 80% stake in five wind farms in the Peterborough area for £98mln. The stake has been acquired from EDF Energy Renewables. The wind farms have, in total, 47 Senvion 2.05 megawatt MM82 turbines.
Echo Energy Plc (LON:ECHO) has unveiled the details of its latest transaction which sees it acquiring a 50% stake in onshore Argentina. The company is taking stakes in four licences (Fracción C, Fracción D, Laguna de los Capones and Tapi) spanning some 11,153 square kilometres within the prolific Santa Cruz province.
Oracle Power PLC (LON:ORCP) has provided details on its deal with state-backed Chinese groups to advance its coal assets in Pakistan. A formal deal with Sichuan Provincial Investment Group Co. Limited (SCIG) and PowerChina International Group (PowerChina) is now expected to be signed in November, the company told investors.
Stratex International plc(LON:STI) has suspended it shares ahead of a shareholders meeting to determine whether to go ahead with a merger with Aussie-listed Crusader Resources (ASX:CAS). The AIM-listed gold miner is facing opposition from a number of dissident shareholders, two of whom have proposed an alternative plan to merge with the company's African joint venture partner Thani Stratex.