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The Markets
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Proactive news headlines: United Oil & Gas, Touchstone Exploration, Horizonte Minerals...

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

Mosman Oil and Gas Ltd (AIM:MSMN) said production in the quarter to end September 2021 rose to 110 barrels per day or a 77% increase compared to a year ago.

The higher production resulted from the acquisition of Nadsoilco and the Falcon 1 well coming online, it said.

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Iofina PLC (AIM:IOF, OTC:IOFNF) said it will meet its crystalline iodine production target for the second half of 2021, with demand for iodine and its derivatives remaining strong into the year end.

However, the company said an agreement has not yet been made with brine partners ahead of the development of the new IO#9 plant.

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Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) said it has closed the sale of certain predominantly undeveloped acreage in Texas for roughly US$34.6mln cash and may sell more.

Working interests in the undeveloped Haynesville acreage owned by Diversified and Oaktree Capital Management were sold for a total of US$67.4mln.

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Altech Chemicals Ltd (ASX:ATC) and its subsidiary Altech Industries Germany GmbH (AIG) have executed Memorandums of Understanding (MoU) with two European-based suppliers of lithium-ion battery-grade anode materials.

The MoUs set out the basis for the parties to work together for the possible future supply of materials to a battery material plant that would be constructed by AIG in Saxony, Germany, which is the subject of a preliminary feasibility study (PFS).

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Jubilee Metals Group ("Jubilee" or the "Company"), the AIM and Altx traded metals processing company, advises that the Company will be hosting a presentation, offering shareholders the opportunity to engage with the Board for a General Company update and discussion following the Annual Results. The presentation will be available at 11:30am UK time (13:30 SA time) on 29 December 2021, following the formal business of the Annual General Meeting. A copy of the presentation will be available on the Company's website following the live presentation. Shareholders are invited to participate by following the link provided: https://youtu.be/5Wqg4SfdgjU

Touchstone Exploration Inc published its inaugural sustainability report, outlining progress and initiatives on environmental, social and governance (ESG) practices. The report was approved by the board and provides all stakeholders insight into environmental stewardship, community involvement and effective governance standards, it added. Paul Baay, president and chief executive officer, said: "Our strategy while developing this sustainability report was to keep it aligned with the Company's vision and values which hold environmental stewardship, social responsibility and corporate governance at the forefront."

Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) the nickel company focused in Brazil is pleased to announce that it has signed loan documentation in relation to its previously announced (30 September 2021) senior secured project finance debt facility of US$346.2 million (the "Senior Debt Facility") between Araguaia Niquel Metais LTDA as the Borrower and a syndicate of international financial institutions, the Lenders (BNP Paribas, BNP Paribas Fortis, ING Capital LLC, ING Bank N.V., Natixis, New York Branch, Société Générale and Swedish Export Credit Corporation). The documentation covers the facilities provided by the international financial institutions listed above. Ongoing documentation with the two export credit agencies is due for completion in early Q1 2022. First drawdown under the Senior Debt Facility is expected to occur in the fourth quarter of 2022 following satisfaction of certain conditions precedent customary to a financing of this nature, including the issuance of the export credit agency guarantees.

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