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Proactive news headlines: Horizonte Minerals, Galileo Resources, Alien Metals, Metal Tiger …

A glance at some of the day's highlights from the Proactive Investors newswire

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Your daily round-up from the world of Proactive

Horizonte Minerals PLC’s (LON:HZM) (TSE:HZM) chief executive Jeremy Martin described as a “major milestone” the agreement struck with five international banks tasked with raising the US$325mln required to get work underway at the group's Araguaia ferro-nickel project in Brazil. BNP Paribas, ING Capital, Mizuho Bank, Natixis, and Société Générale will act as arrangers for the debt facility, which is expected to be closed by the end of the year with aim of starting construction early 2021. "The mandating of five international financial institutions, with strong mining and metals track records, for the arrangement of a large senior debt facility is a significant achievement for Horizonte,” said CEO Martin.

Galileo Resources PLC (LON:GLR) has kicked off a new programme of exploration on the Kalahari Copper Belt licences, in western Botswana. The initial phase of work, at licences PL40/2018 and PL39/2018, aims to define targets for drilling. The programme will include ‘heliborne’ electromagnetics (EM) geophysical surveys as well as reconnaissance soil sampling. "We are pleased to announce the commencement of exploration activities on Kalahari Copper Belt (KCB) tenures PL40/2018 and PL39/2018,” Colin Bird, Galileo's chief executive said in a statement.

Alien Metals Ltd (LON:UFO) has hired North American investment bank IBK Capital Corp to assist with project-level funding and the joint venture process for the Donovan 2 copper-gold project in Mexico. Appointing the Canadian investment house, with significant experience in the mining sector, was described by the company as a prudent step in maximising the value of the project for all parties. The company noted that it has been in talks with several mining companies who have declared an interest in a joint venture partnership for the Donovan project.

Metal Tiger PLC (LON:MTR) told investors that exploration at Southern Gold’s Aphae project, in South Korea, has unearthed high-grade gold intersections. Drilling at Aphae has shown several high to moderate grade gold/silver intersections including broad near-surface gold mineralisation, Metal Tiger highlighted. A follow-up drill program and ground magnetic surveying will target extensions. Metal Tiger owns a 17.1% shareholding in Southern Gold.

ReNeuron Group PLC (LON:RENE) has confirmed its plan to reduce the number of non-executive directors on its board from six to four and, in recognition of its significant shareholding and ongoing support for the company, appoint a non-executive director from Obotritia Capital KGaA to its board. The global leader in the development of cell-based therapeutics said that John Berriman and Simon Cartmell, having served for nine years and thereby having become non-independent under the QCA code of corporate governance, have expressed their intention not to seek re-election at the group's upcoming annual general meeting on September 10, 2020, and will, together with Dr Claudia D'Augusta, retire with effect from the close of that meeting.  Dr Tim Corn, an existing non-executive director of the company, will become chairman of the board and Mark Evans, the chairman of Obotritia, will be appointed as a non-independent non-executive director of the company at that meeting.

Premier African Minerals Limited (LON:PREM) announced that D-Beta One EQ, Ltd, YA II PN, Ltd and Riverfort Global Opportunities PCC Limited elected on August 11, 2020, to convert a further US$50,000 of their investment plus accrued interest of US$1,183.56, amounting to US$51,183.56 (£39,165.66) in aggregate, into new ordinary shares in the company. The company has therefore issued 64,470,222 new ordinary shares to the investors at an issue price of 0.06075p per share, being 90% of the lowest daily volume-weighted average price (VWAP) during the five days trading days immediately prior to the repayment

Karelian Diamond Resources PLC (LON:KDR) said it has been informed that Kevin Taylor now holds 3,447,879 ordinary shares of €0.00025 in the company, equal to approximately 8.01% of its issued share capital and voting rights.

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, announced that on August 11, 2020, it repurchased US$1,609,000 Avation Capital S.A. 6.5% senior notes due 2021 issued under Avation's global medium-term note programme. The notes were acquired through the market at a price equal to 71% of face value and will be cancelled. There are US$343,957,000 Avation Capital S.A. 6.5% senior notes due 2021 outstanding following the transaction, it added.

Oncimmune Holdings PLC (LON:ONC), the leading global immunodiagnostics group, has announced the appointment of N+1 Singer and WG Partners as its joint brokers with immediate effect. Zeus Capital will continue as the company's nominated adviser and joint broker.

MTI Wireless Edge Ltd. (LON:MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors has confirmed that it will announce its financial results for the six month period ended June 30, 2020, on Monday, August 17, 2020. Moni Borovitz, the group’s chief executive officer, will provide a live investor presentation relating to the financial results via the Investor Meet Company platform on Monday, August 17, 2020, at 10.00am UK time. Investors can sign up for free via: https://www.investormeetcompany.com/mti-wireless-edge-ltd/register-investor

SIMEC Atlantis Energy Limited (LON:SAE), the global developer, owner and operator of sustainable energy projects has announced that it's annual general meeting (AGM) will be held on August 28, 2020, at 11.00am. In accordance with current UK government instruction and guidance regarding coronavirus (COVID-19) and the restrictions on social contact, public gathering and non-essential travel, shareholders will not be able to attend the AGM in person. A pre-recorded CEO presentation will be made available to shareholders shortly after the AGM. The submission of questions to the chairman in advance of the meeting, addressing of substantial and relevant question can be made through the company’s website.

Sareum Holdings PLC (LON:SAR), the specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases, said that, further to Tuesday's trading update, Dr Tim Mitchell will deliver a live online presentation to investors via the Investor Meet Company platform at 10.00am on Friday, August 14, 2020. Existing and potential investors wishing to participate in the presentation must register with IMC at: https://www.investormeetcompany.com/sareum-holdings-plc/register-investor. A copy of the presentation will be made available on the company's website following the presentation.

Panther Metals PLC (LON:PALM) said that it has received notice of exercise of 166,667 warrants to acquire 166,667 shares of no par value at a price of 6p per share.

Hardman & Co Research has issued a report on Primary Health Properties PLC (LON:PHP) entitled ‘Strong set of results, confirming ongoing rent rises’. It concluded: “We consider this REIT has significant per share value growth potential, through capital deployment, rent rises and financing cost efficiencies.” The report can be accessed via the following link: https://www.hardmanandco.com/research/corporate-research/strong-set-of-results-confirming-ongoing-rent-rises/

Adamas Finance Asia Limited (LON:ADAM), the London quoted pan-Asian diversified investment vehicle focused on providing shareholders with attractive uncorrelated, risk adjusted long-term returns, has noted that Swift Wealth Investments Limited, a 100%-owned subsidiary of the company incorporated in the British Virgin Islands, holds a 7.2% stake in Meize Energy Industries Holdings Limited through a redeemable preference share structure. Meize Energy is one of the largest wind turbine design and wind turbine blade manufacturing companies in China producing internationally certified blades used in wind power generation. Meize Energy's production facilities are located in Ningxia and Inner Mongolia, primarily producing onshore wind turbine blades. A new production facility has recently been established in Jiangsu. The new production facility is estimated to produce 400 sets of wind turbine blades per annum at full capacity and produces offshore wind turbine blades Several of the most significant wind energy companies in China deploy Meize Energy wind turbine blades, including Dongfang Electric Corporation, a publicly-traded wind energy business. Adamas pointed out that the market is underpinned by inelastic demand, mainly due to Chinese government support in the form of subsidies, which management believe benefit the long-term prospects of the sector.

Savannah Resources PLC (LON:SAV), the resource development company, has announced that its CEO, David Archer will present an overview of the company and its current activities at the Shares & AJ Bell Media Spotlight Evening Webinar on August 19, 2020. The webinar is due to take place between 6.00pm-7.20pm BST, and the Savannah presentation is currently scheduled for 6.05pm-6.30pm.

Applied Graphene Materials (LON:AGM), the producer of specialty graphene materials, will see its shares start to cross-trade publicly on the US OTCQB Venture Market (OTCQB), under the ticker APGMF from today. Trading on the US OTC market will have no impact on existing AGM ordinary shares admitted to trading on the AIM Market of the London Stock Exchange, AGM said, and no new ordinary shares were issued as part of the cross-trade.

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