Bushveld Minerals Ltd (LON:BMN) is to take control of the Vametco vanadium project in South Africa through the buy-out of partner Yellow Dragon. Shareholders will need to approve a reverse takeover that will see Bushveld will pay US$11.1mln in cash and shares for Yellow Dragon’s 55% of their BVL joint venture.
The numbers are really starting to add up for ITM Power plc (LON:ITM), the energy storage and clean fuel company, which has seen its deal pipeline increase £5.9mln in the two months since raising £29.4mln from investors. The business now has £20.2mln of projects under contract and a further £22.4mln of deals in the final stages of negotiation.
Gold explorer-cum-digital currency group Lionsgold Limited (LON:LION) has raised to £550,000 to help fund its various activities going forward.
MySQUAR Limited (LON:MYSQ) saw revenues jump to US$1.06mln last year in what was a busy period for the Myanmar-language social media, entertainment and payments platform.
Kibo Mining PLC (LON:KIBO) is to acquire a power station development in Botswana to leverage the knowledge acquired from its Mbeya project in Tanzania.
Scotgold Resources Limited (LON:SGZ) has been advised that the Loch Lomond and Trossachs National Parks Planning Authority has indicated that a decision on the company’s planning application is likely to occur later than the original target date of 14 December 2017. The AIM-listed miner said this means a decision on planning permission for the Cononish gold project in Scotland will now be "targeted as early as possible in 2018".
Vast Resources PLC (LON:VAST) has released the final batch of drill results from its recent programme at the Manaila polymetallic mine in Romania, where is it is studying a potential location for a second open pit.
Technologica, Seeing Machines Limited’s (LON:SEE) exclusive partner in the Middle East, has won two major deals for the London-listed company’s Guardian driver fatigue monitoring technology, representing the company's largest single fleet customer deals to date.
Construction of forestry management company Active Energy Group PLC’s (LON:AEG) first five-tonne-per-hour CoalSwitch biomass fuel plant in Utah will be completed next month. Full commissioning and revenue generation will follow thereafter, with the plant providing sufficient CoalSwitch fuel to satisfy existing early-stage demand in Utah and for commercial (paid for) burn testing at full-scale power utility plants
The financial year just ended was a record one for platinum group metals (PGM) producer Tharisa PLC (LON:THS) in terms of production and profitability.
Cadence Minerals Plc (LON:KDNC, OTC:KDNCY) said it had completed the due diligence process on two early-stage lithium assets in which it plans to invest. It hopes to have tied up binding agreements by the year-end with the aim of beginning the exploration process in earnest in the first quarter of next year.
Sound Energy PLC (LON:SOU) has unveiled a new estimate of the Sidi Moktar exploration project onshore Morocco. The explorer told investors it sees potential for up to 11.2 trillion cubic feet of gas within a portfolio of targets – consultant Echo Geoscience Management Ltd (EG) has detailed 28 leads in a variety of play types.
Anglesey Mining (LON:AYM) is hopeful it can get its Parys Mountain prospect into production by 2020 following the sharp rally in base metal prices. “It is now opportune to move forward with the development of the Parys Mountain base metal project in North Wales and we are putting in place a number of key elements to facilitate this,” said chairman John Kearney.
Tower Resources PLC (LON:TRP) has hired contractor DMT Petrologic for a 3D seismic data reprocessing programme at the Thali licence offshore Cameroon. DMT was selected in a tender of six potential contractors. The process will cover some 500 square kilometres worth of data, spanning the entirety of the Thali licence plus the surrounding areas.
Harvest Minerals Limited (LON:HMI) has welcomed news that the Upper House of the National Congress of Brazil has approved a bill to reduce the royalty rates of fertiliser projects from 3.0% to 0.2% which it sees significantly benefitting the group.