This week has felt like a simultaneous big sigh of relief and a huge weight off our shoulders after Monday’s news of the road out of lockdown.
The glass is starting to look more plentiful than empty now that there is a light at the end of the tunnel and an answer to the repeated question, when will this end? (And other such cliché metaphors) But after three lockdowns and nearly a year since we bid farewell to our daily commutes, the roadmap laid out has had our daydreams of socialising with another household and sitting somewhere other than our own home seem more tangible than ever. With promises of the journey to be a one-way trip, we are reminded that there is not only a national roadmap for us to follow but there will also be a personal one.
Now that we have been largely indoors over the last year, we have become accustomed to our so-called ‘new normal’ and a lot of these new habits will be hard to shake. Not only matching our masks to our outfits and working from home, but also getting used to being in a packed train again, or strangers being within a 2 metre distance – things that we perhaps took for granted in our daily lives in B.C. (Before Covid) times that are now as foreign to us as wearing a mask was last year.
During this readjustment period, it will be equally important to do so at our own pace, even if that does not match up to others or the national schedule. We all will have our own roadmap to follow to the open road, and it will certainly have its dips and maybe some sharp turns, but we will surely make it to our destination safe and sound.
Jangada Mines Plc (AIM: JAN) sold 2 million of its common shares in ValOre Metals at a price of CAD$0.30 per share providing gross proceeds of CAD$600,000, which will be used to further strengthen the PEA for the Pitombeiras Vanadium Project through the expansion of the resource and completion of new metallurgical tests, which will provide the basis for discussions with potential traders and off-takers. Jangada now holds a total of 14,500,000 ValOre common shares, representing 12.1% of ValOre’s share capital. Jangada also noted a ValOre update announcing the assay results from the Santo Amaro target area at its 100% owned Pedra Branca Platinum Group Elements Project in Brazil. The rock and soil sampling, geological mapping and 2020 diamond core drilling returned impressive PGE results and the ValOre team continue to unlock more value at Santo Amaro with targeted Trado® auger drilling and trenching programmes prior to the return of the drill rigs this season.
Tirupati Graphite Plc (LSE: TGR) has successfully completed trials and tests for the manufacture of battery grade spherical graphite used in the anode of lithium-ion batteries, in tandem with a globally recognised German manufacturer. Outstanding results have been generated from a series of trials and tests for its manufacture using Tirupati’s Madagascar flake graphite, and compares favourably to the reported yield of standard Chinese equipment. The development and optimisation for the first in a series of commercial scale 3,000tpa SPG manufacturing plants has been commissioned, and initiated discussions with prospective buyers. With the current backdrop of the fast evolution of EV markets and an increased focus on reducing emissions, this is an opportune time for Tirupati to concentrate its efforts in fast tracking the development of commercial capacities for graphite manufacturing.
Contango Holdings Plc (LSE: CGO) announced that all resolutions put to shareholders at its AGM held on the 22nd February were duly passed.
Empire Metals Ltd (AIM: EEE) announced the completion of its acquisition of a 75% interest in the Eclipse Gold Project following the receipt of Ministerial Consent for the transfer of title, being the final condition of closing. The project has delivered very encouraging results to date, and the board believe that the acquisition will create shareholder value as the team continue to assess its potential economic mineralisation and profitable open pit operation in order to create shareholder value.
Scotgold Resources (AIM: SGZ) announced that Richard Gray intends to retire from his role as CEO and continue to support the company as a Non-Executive Director. As of 1 April 2021, Mr Philip Day will be appointed to the Board and as CEO of the company. Mr Day is a highly experienced senior mining executive with a career of over 25 years in the sector. Additionally, Mr Chris Sangster has also tendered his resignation as Non-Executive Director in order to pursue other business interests.
Keras Resources Plc (AIM: KRS) provided an update on its ESG initiatives, particularly at the Nayega Manganese Mine in Togo including the formation of the Nayega Foundation. SGM will contribute 0.75% of revenue from manganese sales at the mine of which Keras intends to contribute 5% of to the foundation on an annual basis. Keras is currently focusing on establishing the appropriate ESG framework and structures in Togo to support the foundation and surrounding communities. The clean water initiative is the first of its projects, and will provide four water stations for the community with water supplied from the project’s infrastructure. During the recent site visit, CEO Russell Lamming and COO Graham Stacey have had meetings with both government officials and community leaders to ensure all structures are in place ahead of commercial production starting.
Oracle Power Plc (AIM: ORCP) announced that the Ministry of Energy has elected to move forward with a consultative session in early March to mobilise the policy proposal process, following its submission for coal-to-gas and coal-to-liquid development in Pakistan. The stakeholder consultative session will be hosted by the Ministry and organised by Oracle, and presided over by the Special Assistant to the Prime Minister for Petroleum with senior representatives from CNCDC in attendance. The purpose of the session is to organise and coordinate a proposed commercial framework through which the development of the technologies at Thar Block VI can be fast-tracked in order to help address Pakistan’s critical gas shortage and reliance on imported liquid fuels, with Oracle Power at the forefront of this emerging industry.
FastForward Innovations (AIM: FFWD) released a corporate update prior to its financial year-end in respect of its portfolio of investee companies. Over £4m was raised through the placing of ordinary shares in the second half of the financial year with three new investments added to the portfolio and three follow on investments into portfolio companies. The Board is pleased with the way its portfolio is evolving and FastForward now has a balanced portfolio including liquid, pre-liquidity and longer term investments as well as a good cash position to make further investments. FastForward also announced that CEO, Ed McDermott and Finance Director, Lance De Jersey, will provide a live investor presentation via the Investor Meet Company platform on 3rd March 2021 at 11:00am GMT. The investor presentation will provide an overview of each asset in the Company’s portfolio as well an update on general market trends.
You may have missed…
CEO of Emmerson Plc (AIM: EML) Graham Clarke spoke with VSA Capital on the significant mining license issued and the leading indicators for the strong performance of potash.
CEO of Tirupati Graphite Plc (LSE: TGR) Shishir Poddar spoke with Proactive London on the successful trials of battery grade spherical graphite.
Scotgold Resources’ Philip Day and CEO Richard Gray discussed his retirement from his position and the company’s move from explorer to producer with Proactive London.
In the news this week…
Today is the Chinese Lantern Festival as part of the Lunar New Year celebrations.
A rare yellow penguin has been spotted in the South Georgia isles.
The popular Hasbro toy Mr Potato Head, is receiving a gender neutral rebranding to just Potato Head.
Virtual clothing and the idea of digital fashion is the latest trend.
Research shows that watching nature documentaries can have a positive effect on our mental health through our emotions and decreasing anxiety levels.
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