Sovereign Metals Ltd (ASX:SVM, AIM:SVML) is poised to ship off natural rutile from the Kasiya Project in Malawi thanks to a pivotal offtake deal.
The rutile stock has reached a memorandum of understanding (MoU) with US-based Chemours — one of the world’s largest producers of high-quality titanium dioxide pigments — and plans to supply 20,000 tonnes of natural rutile every year under the project’s stage one nameplate capacity.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) chief executive George Bennett has topped up his holding in the company with the acquisition of £43,000 worth of shares at 9.9p each.
The South Africa-focused rare earth metals specialist recently published a preliminary economic assessment for its Phalaborwa project indicating a net present value of US$627mln, an internal rate of return of 40%, an average operating margin of 75% and a two-year payback period.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has told shareholders in an operations update that following successful testing of the East Pepper well in Canada in September, the tie-in has now been completed, and production began on October 25.
In the statement, Marshall Abbott, CEO of Arrow Exploration, commented: "Arrow is extremely pleased with the results of the tie-in of the Alberta East Pepper Montney well. The East Pepper well results show the potential for the large, 100% owned, 23,000-acre Pepper land block.
Quetzal Capital has signed a sales and purchase agreement for the acquisition of cryptocurrency payment app TAP Global by way of a reverse takeover.
Completion of the reverse takeover will remain conditional on the approval of the proposed acquisition and fundraising by Quetzal Capital’s existing shareholders and admission of the enlarged share capital to trading on the Access segment of the AQSE Growth Market. Consideration to TAP Global’s existing shareholders will be 450mln ordinary shares in Quetzal.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) (DEC) told investors it has been recognised with the ‘gold standard' award under the United Nation’s Oil & Gas Methane Partnership 2.0 (OGMP 2.0) under the ‘Ambitious Methane Reduction Plan’.
OGMP 2.0 is a voluntary and multi-stakeholder initiative co-sponsored by the United Nations Environment Program, Environmental Defense Fund, and the Climate and Clean Air Coalition, the company noted in a statement.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF) has released its unaudited interim results for the six-month period ending 31 August 2022, during which time the company commenced drilling at its San Domingo pegmatite project, with a 30-hole diamond core drill programme expected to be completed during the fourth quarter of 2022.
In a statement, Ian Stalker, chairman of Bradda Head, commented: "The first half of the financial year has been both busy and rewarding for the company. Following the completion of an oversubscribed secondary fundraise during April 2022, the company continued to push ahead with work, developing its key projects, most notably with the commencement of drilling at our San Domingo lithium-bearing pegmatite project.
Quantum Blockchain Technologies PLC (AIM:QBT) said it will now start the process of collecting at least €6.2mln of legal damages awarded to its subsidiary after a Venice court ruled in favour of its Sipiem claim.
But the company said that as only one of the two insurers involved in the litigation was held responsible for damages, with a liability capped at approximately €450,000, plus interest and adjustments for inflation, “it is worth noting that there is currently no certainty on the exact amount of the award payment that will eventually be collected by the company and the timing of receipt of any such funds”.
Arecor Therapeutics PLC (AIM:AREC) said its Tetris Pharma subsidiary has launched Ogluo, a glucagon-prefilled autoinjector pen in Germany as a treatment for severe hypoglycaemia in children and adults living with diabetes.
Designed for those with severe hypoglycaemia or low blood sugar it is Ogluo’s first launch in the EU having already been made available in the UK.
Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) announced that Anna Massion has joined its board as an independent non-executive director.
Massion is a finance professional with more than 15 years of expertise in the global gaming sector as an investor and investment advisor prior to her service as a non-executive director.
NextEnergy Solar Fund Ltd (LSE:NESF) gave notice for its interim results for the six months ended 30 September, which will be released on Monday 21 November.
TomCo Energy PLC (AIM:TOM, OTC:TMCGF) announced a further extension to the repayment deadline for US$1mln outstanding loan from Valkor, moving the date out to 30 November.
discoverIE Group PLC (LSE:DSCV) gave notice for its interim results for the six months ended 30 September 2022, which will be released on 23 November 2022.
Westmount Energy Limited (AIM:WTE, OTCQB:WMELF) gave notice for its AGM which will take place in Jersey, on 8 December.
Caracal Gold PLC (LSE:GCAT) notified investors of a delay to the release of its audited financial results, and, said it has applied for a temporary suspension of its shares. It added that it does not expect the suspension to last very wrong.