Amur Minerals Corporation (LON:AMC) has announced it has completed approximately 50% of the 2018 planned programme at its wholly owned Kun-Manie nickel copper sulphide project and is “extremely pleased” with the results.
Bacanora Lithium Ltd (LON:BCN) has agreed a US$150mln loan for the construction of the first phase of the mine at Sonora in Mexico. RK Mine Finance is putting up the money, which will cover a sizeable chunk of the cost of an initial 17,500tpa lithium carbonate operation.
Kiran Morzaria, CEO of Cadence Minerals Plc (LON:KNDC), which has around an 8% stake in Bacanora commented that “we are genuinely excited that Bacanora has secured a senior debt funding package of this size."
SDX Energy Inc (LON:SDX, CVE:SDX) has now spudded the SD-3X well at the South Disouq project in Egypt. It is the second of two planned appraisal wells for South Disouq, both of which are precursors to production. Big Pic in November.
Savannah Resources Plc (LON:SAV) has completed a fundraising through an oversubscribed share placing to boost the development of its Mina do Barroso Lithium project in Portugal. The AIM-listed miner said the placing and subscription had raised around £11.5mln in cash and had seen strong demand from institutional investors with several tier 1 institutions participating in the placing.
Egdon Resources Plc (LON:EDR), the operator of the Wressle project in which Union Jack Oil PLC (LON:UJO) and Europa Oil & Gas PLC (LON:EOG) have stakes, has submitted a new planning application for the development of the Lincolnshire oil field. AIM-quoted Egdon said the new application “comprehensively addresses” the reasons for the refusal of the original planning applications and subsequent appeals over the past year.
Seeing Machines Limited (LON:SEE) has signed an agreement to supply its Guardian fatigue and distraction prevention technology to a fleet of US trucks.
Exploration activities at Alba Mineral Resources PLC's (LON:ALBA) Thule Black Sands and Inglefield Land Projects in north-west Greenland are scheduled to commence this month.
Erris Resources plc (LON:ERIS) has revealed positive results from exploration drilling at the Abbeytown metals deposit in County Sligo, Ireland. Specifically, one hole encountered high grade zinc, lead and silver mineralisation.
Keywords Studios PLC (LON:KWS) has launched an investment arm, known as Keywords Ventures (KWV), to support “innovative technologies and services” that benefit its clients. The group also announced that it was making its first investment through KWV with £300,000 for a 45% stake in pre-revenue company AppSecTest Ltd.
Forestry management and agriculture group Obtala Limited (LON:OBT) produced a record amount of sawn timber in the last three months. Output from its Gabon sawmill was 3,800 cubic metres with June’s average 30% higher than the first three months of the year.
Ethernity Networks PLC (LON:ENET), a leading supplier of data processing offload solutions on programmable logic for Carrier Ethernet applications, announced that it will now provide comprehensive networking solutions by adding Aricent’s Carrier Ethernet Switch Router (CESR) software suite to its portfolio of FPGA-based ACE-NICs and systems-on-chip (SoCs).
Lansdowne Oil & Gas PLC (LON:LOGP) has announced the appointment of Brandon Hill Capital Limited as its joint broker with immediate effect. The group noted that Brandon Hill has specialised in advising natural resources companies for over 15 years and has been a long-term supporter of the company.