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Proactive news headlines: Quantum Blockchain, Futura Medical, Condor Gold, and more

Published: 09:28 23 May 2022 BST

Proactive news headlines: Quantum Blockchain, Futura Medical, Condor Gold, and more

Piedmont Lithium Inc (ASX:PLL, NASDAQ:PLL, XETRA:) welcomes a promising pre-feasibility study (PFS) from mining partner Sayona Mining concerning the restart of spodumene concentrate operations at the North American Lithium Project (NAL) in Quebec, Canada.

The PFS points to potential average annual production of 168,000 tonnes of 6% spodumene concentrate over a mine life of 27 years, with an estimated restart cost of US$80 million.

Chariot Ltd (AIM:CHAR, OTC:OIGLF) and the government of Mauritania have announced that the pre-feasibility study for the Project Nour green hydrogen project has been completed and a framework agreement has been signed that maps out the phases of development over the coming 24 months.

The project aims to install up to 10 gigawatts (GW) of electrolysis, making it one of the largest green hydrogen projects globally by 2030, the two parties said.

Crossword Cybersecurity PLC (AIM:CCS) said three-fifths of chief information security officers (CISO) it surveyed are only “fairly confident” of managing their current cyberthreat exposure.

The Aim-listed cybersecurity solutions company released details of a new report based on a survey of more than 200 CISOs and senior UK security professionals that it said “should raise some eyebrows around the boardroom”.

Reabold Resources PLC (AIM:RBD) said its new North Sea licences, which are being acquired from Corallian Energy, provide “an exciting set of opportunities to create value”.

The company, in a statement, provided investors with key details about the licences which include three core areas – the Inner Moray Firth, the North West Shetland basin and the East Shetland basin – which each comprise two noted prospects.

AfriTIn moves one step closer to adding lithium production at Uis

Shares in AfriTin Mining Ltd (AIM:ATM, OTC:AFTTF) were up by more than 10% in early trade this morning, after the company released the results of metallurgical test work that indicated that lithium might be produced as a by-product from ongoing production at its Uis tin mine in Namibia.

Power Metal Resources PLC (AIM:POW) and Red Rock Resources PLC (AIM:RRR) have jointly acquired more gold exploration licences in Australia.

The licences will be held through joint venture companies Red Rock Resources Australasia and New Ballarat Gold.

Chesnara PLC (LSE:CSN) aims to be the “least troublesome source of sustainable, attractive dividend yield” and Hardman Research believes it is largely succeeding in this aim.

With a price at about two-thirds of its economic value, Chesnara seems undervalued, the research house said. A prospective dividend yield of 8.1%, with good prospects of continued growth, also suggests an undervalued stock, it added.

Coro Energy PLC (AIM:CORO) sad high gas prices being received by its operations in Italy will continue to generate significant free cash flow and help develop its other operations.

Average daily production from Italy was 20,000 standard cubic metres (scm) in April, which generated €580,000 in revenue with cashflow also boosted by a €200,000 VAT return, Coro said in a trading update.

Powerhouse Energy Group PLC (AIM:PHE, ETR:BT81) said it is planning to build a UK technology and innovation centre ready for operation early next year, to develop and showcase its most up-to-date technology.

The waste plastic-to-hydrogen group said a site search for the Global Technology and Innovation Centre (GTIC) is underway, following the recent signing of agreements with suppliers to “provide a turnkey solution” to build the centre.

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) has closed its previously announced £40.5mln fundraising.

"The completion of this financing allows Cornish Metals to push ahead with the dewatering of the mine and delivery of a feasibility study in order to make a production decision for the South Crofty tin project,” said Cornish Metals chief executive Richard Williams.

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it is in talks about contracting a drilling rig to begin its phase-two programme at the Rukwa project in Tanzania.

Chief executive David Minchin said the company has decided to return to the Tai prospect after data from a 2D seismic campaign late last year “not only improved the definition of a robust structural closure in the Karoo Group, but also identified an untested closure in the Lake Bed Formation”.

Cambridge Raman Imaging (CRI) has raised £1.1 mln through an equity funding round from existing and new investors, including major shareholder Frontier IP.

Frontier invested £334,000 in the round, comprising a £95,000 loan conversion with the remainder in cash, and now holds a 26.8% equity stake in CRI.

Technology Minerals PLC (LSE:TM1) said the Environment Agency has awarded its 49%-owned battery recycling business, Recyclus Group Ltd, a key environmental permit for its recycling plant in Wolverhampton, West Midlands.

The permit will provide the critical legal foundation from which Recyclus can receive the variation of licence required to enable the Wolverhampton site to be fully operational, the company said.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

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