Alas, these days the main way that we see a stock bag in a day is without news rather than with it. At the same time, the powers that be are always ultra-keen to rain on the parade of stocks that rise sharply.
We have just witnessed this with Clontarf Energy (CLON), and the inevitable cooling RNS with reference to Friday’s sharp rally for the shares. The company said the directors note the increase in the Clontarf share price on 2 September 2022 and can confirm that there is no new price sensitive information required to be disclosed.
Avacta Group (AVCT), a clinical stage oncology drug company, announced that the FDA has granted Orphan Drug Designation to the company’s lead pre|CISION drug candidate, AVA6000, for treatment of soft tissue sarcoma.
Itaconix (ITX), a specialist in plant-based specialty polymers, announced a new global agreement with Croda Inc. in odour control, which serves to extend a supply collaboration that began in 2017. Under the terms of the new supply agreement, Itaconix will continue to produce and supply the proprietary ZINADOR® odor neutralizing ingredients for Croda to market and sell globally in home care applications.
Caracal Gold (GCAT), the East African gold producer, announced that an updated corporate presentation has been uploaded to https://caracalgold.com/investors/corporate-documents/ The company said the Kilimapesa Gold Mine and Processing Facility in Kenya, is currently being expanded to increase production to 24,000oz per annum by Q1 2023.
Jubilee Metals (JLP), a diversified leader in metals processing, announced that the newly constructed Zambian copper concentrator, Project Roan, has reached nameplate capacity following the successful commissioning and ramp-up of the operations. Project Roan is a core component of the Company’s Zambian Southern Copper Refining Strategy which aims to produce 12 000 tonnes of copper per annum through the Sable Refinery.
88 Energy (88E) advised that the interpretation of the recently licensed FB3D, which covers a significant area of the Project Icewine East leases, has been completed. Results from this analysis and interpretation have been used to define ‘sweet spots’ for each of the mapped Shelf Margin Delta, Slope Fan System, Basin Floor Fan and Kuparuk play fairways. This analysis has played a key role in identifying the drilling location for the planned 2023 exploration well, Hickory-1, which is designed to intersect and test all four key play fairways.
Alien Metals (UFO), a global minerals exploration and development company, said that its wholly owned subsidiary, Iron Ore Company of Australia Pty Ltd has entered into a binding Heads of Agreement with Mallina Exploration Pty Ltd to acquire a strategic tenement, currently under application with the Department of Mines, Industry Regulation and Safety DMRIS, Western Australia bounding the Hancock Project key to the development of the Project. Alien also announces that it has applied directly for two additional exploration licences within the Hancock area, ELA47/4605 and ELA47/4817, which provide future resource growth opportunities.
Bluebird Merchant Ventures (BMV), a South Korea-focused gold company, announced that it has opened discussions with potential partners to develop its high-grade Batangas Gold project in the Philippines. This follows positive feedback following the submission to the Department of Environment and Natural Resources for a two-year extension to the exploration period to its current licence. The Company has a 25-year Mineral Production Sharing Agreement for the Lobo area of Batangas, where the current period of exploration needs to be extended.
Another day, another RNS from Power Metal Resources (POW) the London listed exploration company. The company announced it has completed a placing to raise £800,000 before expenses to support the acceleration, and allow for the potential expansion, of the ongoing geophysics and upcoming drill programme at the Molopo Farms Complex Project located in Botswana, where drilling is scheduled to commence mid-September targeting a large-scale nickel sulphide discovery.
Europa Metals (EUZ), the European focused lead, zinc and silver developer, announced initial assay results from its ongoing diamond drilling programme being conducted by Sondeos y Perforaciones Industriales de Bierzo SA at the company’s 100% owned Toral Pb, Zn & Ag project. The company said the high-grade nature of hole TOD-041 is “hugely pleasing” and gives the team confidence in the deposit’s tenor and continuity at depth.
Prospex Energy (PXEN), the European gas and power projects group, announced that it has raised £500,000 via the issue of unsecured Convertible Loan Notes to existing and new investors. Net proceeds completes the funding of the company’s share of development costs at the Selva gas discovery on the Podere Gallina Permit, in the Po Valley in Italy, as well as providing additional working capital to the Company.
Technology Minerals (TM1), the battery metals group, announced that Recyclus Group Ltd, its 49%-owned battery recycling business, has received ABTO status from the Environmental Agency for its recycling site in Tipton, West Midlands. The approval means that Recyclus can immediately commence manual recycling operations at its lead-acid facility.
Red Rock Resources (RRR), the natural resource development company with interests in gold and base metals announced progress and partial results from the reverse circulation drill programme conducted by the Company’s wholly owned subsidiary, Faso Greenstone Resources SARL, at the Bilbale licence in the south-west of Burkina Faso. The company said three holes of its first four drilled encountered gold and one intersected three gold mineralised zones including a high grade zone near surface is a happy circumstance, and offers great encouragement for the next stages of drilling which will follow detailed ground geophysics.
ATOME Energy (ATOM), the green hydrogen and ammonia production company, announced further operational progress with the acquisition of a 75 acre (30 hectare) site for its Villeta, Paraguay production facility.
Block Energy (BLOE), the exploration and production company focused on Georgia, confirmed drilling has now commenced as planned on the previously announced JSR-01DEEP well, representing the start of Project II, in Block’s three-project strategy. The well is self-funded using cash generated from existing operations.
Bradda Head Lithium (BHL), the North America-focused lithium development group, announced that it has received permission to drill at Basin East Extension in Arizona, which is adjacent to Basin East where Bradda has a of 305kt Lithium Carbonate Equivalent JORC Resource.
Zinnwald Lithium (ZNWD), the German focused lithium development company, announced that it has started its exploration drilling programme on its Falkenhain exploration license having received all necessary permits and permissions from the appropriate authorities. The company’s Falkenhain exploration licence is located 7km north from the core Zinnwald Licence.
Powerhouse Energy (PHE), the integrated technology company, announced that it has now agreed variations to existing agreements with Peel NRE Ltd as follows: a deed of variation has been signed to extend an exclusivity option on the JV at Protos until the end of March 2023.
Cora Gold (CORA), the West African focused gold company, announced its unaudited interim results for the six months ended 30 June 2022. The company said new discoveries made during H1 2022 in close proximity to existing resources at Sanankoro show that there is plenty of potential to find new deposits in the future as it remains in the early stages of developing the exploration potential across the Sanankoro area.
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