Ariana Resources PLC (AIM:AAU), via its wholly-owned Asgard Metals Fund, is to take an interest in Annamite Resources Holdings Pte Ltd, a Singapore-based company with copper and gold licences in the highly prolific mineral belts of Laos.
Asgard will be issued 2.5mln shares in Annamite, following a strategic investment of US$100,000, with additional shares to be earned as specified within a consultancy agreement up to an equivalent of US$200,000.
Caerus Mineral Resources PLC and Bezant Resources PLC said drilling results confirmed a new mineralised zone to the northwest of the Troulli copper-gold deposit in Cyprus.
Hole TRDD030, which was drilled to test for the extension, returned 1.83% copper equivalent over 21.25 metres (m).
Genflow Biosciences PLC (LSE:GENF) has entered a collaboration agreement with a company founded by one of the world leaders in cellular ageing.
It is teaming up with France’s Organips, headed by professor Jean Marc Lemaitre, to initially research the Sirtuin-6, or SIRT6 gene variant found in centenarians.
Altech Chemicals Ltd (ASX:ATC) has received strong validation of its battery materials technology strategy encompassing a Silumina AnodesTM plant in Germany with major German shareholders converting options for total proceeds of more than A$2.12 million.
The company’s largest shareholder Deutsche Balaton Aktiengesellschaft has converted 15 million listed options with an expiry date of May 31, 2022, and conversion price of A$0.08 each, for total proceeds of A$1.2 million.
Alicanto Minerals Ltd (ASX:AQI) has returned a “potentially game-changing” massive sulphide intersection of 4.7 metres at 24.4% zinc, 875 g/t silver and 3.7% lead only 120 metres from surface near the Sala Silver-Lead-Zinc-Copper-Gold Project in Sweden.
The results are considered highly significant because they reveal a new structure parallel to Sala as well as extensions to the historic Sala ore body hosting substantial high-grade and shallow massive sulphide mineralisation.
Sovereign Metals Ltd (ASX:SVM, AIM:SVML) will raise A$15 million from UK, European and North American institutional investors as it looks to further develop its Kasiya Project, the world’s largest natural rutile deposit and one of the world’s largest flake graphite resources.
Through this project, SVM aims to be a major source of sustainable critical raw materials to contribute to decarbonisation and the energy transition.