Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has received a ‘Buy’ rating and a £21.00 price target from UBS Investment Bank as the financial services provider initiates coverage of the gold producer.
The miner's London-listed shares are currently trading at about £17.50, while its Toronto-based shares are trading at about C$27.70.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) has commissioned the Vatomina preconcentrate plant in Madagascar and announced it has overcome recent operational difficulties, helping its shares rise 10%.
The construction and relocation of the first part of Vatomina's 9,000 tons per year plant, which will remove 80%-90% of impurities from the ore, has now been completed and the preconcentrate and final concentrate plant recommissioned and synchronised in operation.
Powerhouse Energy Group PLC (AIM:PHE, ETR:BT81) said it appointed interim non-executive chairman Keith Riley as acting chief executive officer following the resignation of its current CEO Paul Drennan-Durose with effect from 31 August 2022.
Drennan-Durose was appointed CEO of Powerhouse Energy in January this year. The company said it was his personal decision to resign.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) said revenue is in line with market expectations despite supply chain issues causing a delay in deliveries.
In a trading update for the year ended June 30 2022, the company that provides safety technology to the transportation industry expects to report revenue of A$54.2mln, in line with market consensus and up 15% from the previous year.
Vast Resources PLC (AIM:VAST) said the official opening ceremony for the Takob joint venture project in Tajikistan took place today. Vast is set to receive the equivalent of a 12.25% royalty over sales of non-ferrous concentrate and any other metals produced from the processing project.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has appointed Panmure Gordon as its joint broker with immediate effect. Colin Harrington, chief executive said: "We welcome the appointment of Panmure Gordon, which both reflects our successes to date and our ambition for continued growth in shareholder value.”
Jangada Mines PLC (AIM:JAN)has been issued the sixth and final tranche of 500,000 common shares in TSX-V listed ValOre Metals for the Pedra Branca project. All cash payments due to Jangada have also been received, totalling C$3mln, while Jangada has a holding of one million ValOre shares.