It would appear to be all systems go for Alkemy Capital (ALK). It announced that its wholly owned subsidiary Tees Valley Lithium Ltd has received full planning permission to build Europe’s largest lithium hydroxide refinery at Teesside, UK, to supply the burgeoning electric vehicle battery industry.
Alkemy said the full endorsement from the Redcar & Cleveland Borough Council is a critical step in taking TVL to its next phase of developing the UK’s first lithium hydroxide refinery, part of the Fourth Industrial Revolution.
Tirupati Graphite (TGR), the graphite and graphene company, announced the appointment of Douglas Wright as a Non-Executive Director to the Board of Directors. Prior to joining Tirupati Graphite, Douglas served as the Chairman of Kavango Resources (KAV).
Hydrogen Utopia (HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, announced that it will be presenting at the VSA Capital Aquis Showcase Event on Tuesday 29th November 2022 at the Royal College of Surgeons of England, 38-43 Lincoln’s Inn Fields, London WC2A 3PE.
There has been a frenzy of interest in Baron Oil (BOIL) amongst some in the retail investor market. The latest is that the AIM-quoted oil and gas exploration and appraisal company. announced that the changes to the provision of the funds for the Deposit for the Guarantee and related matters, as described in the Company’s announcement of 15 November 2022 have been successfully completed. Accordingly, Baron is now the provider of 100% of the collateral for the Guarantee.
Marula Mining (MARU) an African focused mining and development company, updated on mine development activities as the Blesberg Lithium and Tantalum Mine in South Africa. The company said significant progress has been made towards the major milestone of delivery of the first shipment of high-grade ‘run-of-mine” lithium ore in January 2023, under the $5 million lithium prepayment facility to a South African based subsidiary of global commodity group Traxys SARL.
Tertiary Minerals (TYM) announced that its local partner and licence holder Mwashia Resources Ltd has now received approval of Environmental Project Briefs from the Zambian Environmental Management Agency for the Konkola West and Lubuila Copper Projects where the company is earning up to a 90% interest. The company is also providing a project update for the Mukai and Mushima North Projects following a preliminary data review and first meetings with global copper producer First Quantum Minerals Ltd.
It would seem that Omega (ODX) is now agreeably cashed up. The specialist medical diagnostics company, announced that it has now received the £4.0m of deferred consideration relating to the sale of the CD4 business. Accordingly, as of close of business on 24 November 2022, Omega held cash balances of £6.5m.
IOG (IOG), the Net Zero UK gas and infrastructure operator, provided a further Phase 1 operational update. The company said it was pleased to confirm that Saturn Banks Phase 1 production has been safely restarted after successful completion of shutdown activities. This was one of its top priorities as the new leadership team and the real commitment shown across the team to meet this key objective bodes well for continuing work to address recent operational challenges.
Thor Mining (THR) said that trading in the shares of the company have been halted on the Australian Securities Exchange effective from Friday 25 November 2022, in order to undertake a capital raising to accelerate the company’s exploration activities on its priority uranium assets, USA, and the multi-commodity Ragged Range Project, Western Australia. Trading in the company on AIM is unaffected.
Falcon Oil & Gas (FOG) announced that it has filed its interim financial statements for the three and nine months ended 30 September 2022.The company said it is in a strong financial position, debt free with cash of $16.9 million at 30 September 2022 (31 December 2021: $8.9 million), with a continued focus on cost management and the efficient operation of the portfolio.
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