Analysts at Liberum Capital have placed their 149p target price for Atlantic Lithium Ltd under review while they revise their model for the company following news on the Pre-Feasibility Study (PFS) for the Ewoyaa lithium project in Ghana.
The City broker's analysts noted that the Ewoyaa PFS envisages production of 255,000 tonnes per annum (tpa) of spodumene concentrate grading 6% Li2O (SC6) over 12.5 years.
ATOME PLC’s appointment of Natixis to structure and secure financing for its 60 MW Villeta green hydrogen and ammonia project in Paraguay marks another step towards fulfilling its ambition of becoming a major green hydrogen and ammonia producer, says broker finnCap.
Natixis is part of the second-largest banking group in France and one of the world leaders in hydrogen and energy infrastructure funding, said the City broker.
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has announced that the US Food and Drug Administration (FDA) has requested additional information from the manufacturing partner for the company's xenon-129 gas blend drug.
The company said this request is related to the recent cGMP (Current Good Manufacturing Practice) pre-approval inspection at the partner's production facility. The FDA has suggested that the required information would constitute a major amendment to the New Drug Application (NDA) that, if timely submitted, would allow for the FDA to grant a 90-day extension to the review timeline.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) said its Ewoyaa lithium project in Ghana, West Africa now has an estimated value of US$1.33bn and will recover its build costs in just five months.
The figures are central to a new pre-feasibility study, managed by Atlantic, that incorporated an upgraded JORC resource of 30.1 mln tonnes (Mt) at 1.26% Li2O announced in March 2022.
ATOME Energy PLC (AIM:ATOM) has appointed a financial adviser to structure and secure financing for its Villeta green hydrogen and ammonia project in Paraguay.
Having hired Natixis Corporate & Investment Banking via a competitive bidding process, the AIM-listed company said the two parties will now work to determine the optimal sources of funding at the project and group level, as well as to identify the best partners at the project level.
ReNeuron Group PLC (AIM:RENE, OTC:RNUGF) announced it will attend the Extracellular Vesicle-Based Therapeutic Development Summit, in Boston, from 4 October to 6 October. As part of the event the company will present new data on its customisable Exosomes delivery platform.
Seraphim Space Investment Trust PLC (LSE:SSIT) gave notice that it will release its full-year results, for the twelve months ended 30 June, on Monday 17 October.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF) in a statement announced the launch of its new website, and, additionally noted that a separate new community website is also in process which will focus on reinforcing Bradda Head's strong relationships with its local stakeholders.
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) noted the conversion of bonds, issuing 1.9mln shares representing US$400,000 of the bonds.
Power Metal Resources PLC (AIM:POW) and Red Rock Resources PLC (AIM:RRR) joint venture subsidiary New Ballarat Gold Corporation has completed its acquisition of the Berringa Mine.