It has been 103 years since we started to hold a two-minute silence on Armistice Day to commemorate the soldiers who sacrificed their lives in the line of duty.
The initial Armistice Day was held by King George V who was hosting a banquet honouring the President of the French Republic at Buckingham palace during the evening hours of the 10 November 1919, with the first official Armistice Day occurring the day after at 11 am. Since then, it has been observed by all the Commonwealth Nations and beyond, though each country has adapted and changed the day to match their own traditions and ways of honouring the fallen.
Good news is that The Queen is making her first appearance for Remembrance Sunday at the Cenotaph after having been advised by the Royal doctors to rest. It is reported that she will be viewing the ceremony from her usual spot from the balcony of the Foreign, Commonwealth and Development Office building. Let us hope that she will be able to continue with her duties in her usual distinguished manner.
Firering Strategic Minerals plc an exploration company focusing on the production of lithium and columbite-tantalite in the Ivory Coast listed on AIM on Friday under the ticker FRG. Firering raised £4 million through the issue of over 30 million shares priced at 13p each. The exploration company closed 11% higher at 14.5p on its first day of trading – showing the robust appetite in the London market for critical minerals.
Emmerson plc (LSE:EML) announced that it had secured a strategic investment of up to US$46.75 million from a group of investors to support the development of its Khemisset Potash Project. The primary investor is Global Sustainable Minerals Pte Ltd, a Singapore domiciled investment vehicle backed by a significant south-east Asian investor. The investment is structured in two tranches: an immediate direct equity investment of US$6.75m at 6p per share and a subscription for up to US$40m of convertible loan notes. The equity injection allows Emmerson to accelerate pre-construction activities at Khemisset and move into the execution phase on Project Financing discussions for debt to support project development, with the aim to close in the middle of 2022. It will now commence basic design and engineering ahead of full construction during 2022.
Ferro-Alloy Resources Limited (LSE: FAR) made its first commercial sale of ferro-molybdenum and completed testing of the production of ferro-vanadium. They are now recovering around 4.5 tonnes per month of ferro-molybdenum as a by-product from its recovery of vanadium from bought-in concentrates and this is expected to grow as throughput of the plant increases.
Tirupati Graphite plc (LSE: TGR) noted an announcement by ASX listed Battery Minerals regarding the granting of the Mining Licence for the Balama Central Graphite Project for production of 50,000tpa of graphite concentrate; Tirupati is acquiring this project as well as a second advanced project also in Mozambique as it advances on its journey to becoming a material supplier to the high growth EV and battery markets and playing a part in the global energy transition.
GreenRoc Mining plc (AIM: GROC) has provided results from the field programme at the Kalaaq Deposit, part of the Amitsoq Graphite Project in Greenland, undertaken between July and August 2021. Substantial zones of mineralisation have been confirmed and extended at the Kalaaq Deposit, located on the Greenlandic mainland and due south of the Company’s 100% owned Amitsoq Graphite Project, one of the highest-grade graphite projects globally. New zones of mineralisation have been discovered, and there is greater confidence in the continuity of the previously identified zones.
Kodal Minerals plc (AIM: KOD) announced that it has been granted a Mining Licence for its flagship Bougouni Lithium Project in Mali, which would make it one of the first of its kind in Africa. The Project is now fully permitted for development with the previous approval of the Environmental and Social Impact Assessment in November 2019. The license is valid for an initial 12-year term and renewable in ten-year blocks until all resources have been mined. As a next step, Kodal has commenced a programme of work to update the Feasibility Study announced in January 2020 ahead of securing funding for mine development and construction.
BlueRock Diamonds (AIM: BRD) provided an update with regards to its transformational 1Mtpa expansion project saying that it had successfully operated all key areas of the upgraded plant at design capacity on a short-cycle basis during the hot commissioning phase and was positioned to meet FY21 guidance target of 22,000 to 26,000 carats having produced 19,362 carats as at 3 November 2021.
PYX Resources Limited (NSX: PYX) a producer of premium zircon, published its prospectus and confirmed that it was dual listing date on the London Stock Exchange on Monday 15 November (market cap of c.£358m). The CEO, Oliver B. Hasler, said, “The LSE Dual Listing could not come at a better time given the lack of global zircon resources, which is leading to increased demand for premium zircon and dramatically higher prices. Our focus is now on boosting PYX’s output by developing our newly acquired Tisma project to meet huge market demand and lift our global market share.”
In the news this week…
Rare penguin from Antarctica accidentally travels 3000km to New Zealand
Locals in Cornwall won a battle against the owners of St Michael’s Mount who wanted to impose a visitors fee.
How an Ikea bowl became part of the Rotterdam skyline
Channel 4 renews The Great British Bake Off deal for three years
Box of Walkers crisps sells for £123 on eBay after no end date given for shortage
In case you missed it…
Caracal CEO, Robbie McCrae talks with Proactive on the recent gold production update and the significance of connecting to Kenya’s national power grid
Listen to Emmerson’s CEO, Graham Clarke, interview with Katie from Proactive. Listen here.
Zak Mir talks to Graham Clarke, CEO Emmerson, in the wake of news regarding a significant strategic investment in the Morocco focused Potash group. Read here.
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