Another week has passed and what a week it has been. The market took a slide, bitcoin fell off the ol’ high horse, tensions between Russia and Ukraine continue to rage, a Canadian airline turned around mid-flight because a passenger refused to wear a mask (imagine being that lady!) and a beloved icon left us.
However, the upside is that the world is indeed slowly opening back up to us. Wales has moved to covid alert level zero. The Philippines will be opening its borders to vaccinated tourists and we found a new species of insect in Uganda – a rare find, according to scientists. Although it has been a worrisome and frightening time for many people, it might seem that our weary planet needed a break from our constant footfall and is now slowly coming back to life.
In other news, FTSE is down 1.26% after a tumultuous week with Barclays and HSBC the unfortunate culprits. However, UK stocks are looking positive as the gains for energy corporations increase as the worrying tensions in Europe spark supply concerns. The LSE blue-chip index fell 1.2% yesterday and is set to finish the week on a low. However, it is on its second month of gains. There is hope that these indices change direction in February.
Trident Royalties Plc (AIM: TRR) has agreed to acquire, subject to certain conditions and at its election, an indirect 1.5% Gross Royalty over the Sonora Lithium Project, in Mexico. Owned by Ganfeng Lithium and Bacanora Lithium, this development stage asset complements Trident’s existing lithium royalty over the Thacker Pass Lithium Project in the U.S., providing exposure to shareholders over what are expected to be North America’s next Tier-1 lithium mines. Read the full report here: https://bit.ly/33Wh6tH
Prospex Energy PLC (AIM: PXEN) has provided an update on its Selva field development project in Italy with the agreement for the Selva Malvezzi concession being sent by the Ministry for Ecological Transition to the Regional Government. This is the pre-award for the intergovernmental agreement and is the penultimate step for the approval of the Production Concession, which Po Valley is expecting at the end of March 2022 with the target for first gas in Q1-2023.
Empire Metals Limited (AIM: EEE) announced that it has agreed Heads of Terms to enter into a Tribute Agreement with Maher Mining Contractors, giving Empire the right to explore, develop and mine within a granted area on Maher Mining’s 100% owned mining lease M27/158 located near the historic gold mining town of Gindalbie, and adjacent to Empire’s flagship Eclipse Gold Project.
BlueRock Diamonds PLC (AIM: BRD) has sold a 6.8 carat stone for USD63,186 in the January 2022 sale. The average price of USD565 per carat was achieved for the total January tender (2021 average: $465ct) – a reflection of the continued overall quality of Kareevlei diamonds and the strong market demand seen so far in 2022.
Oracle Power PLC (AIM: ORCP) signed a non-binding Memorandum of Understanding with Sui Southern Gas Company , a publicly listed company on the Pakistan Stock Exchange, relating to the joint development of a synthetic natural gas (syngas) project utilising coal from Thar.
In case you missed it….
Katie Pilbeam from Proactive Investors interviewed CEO of Trident Adam Davidson about this week’s acquisition of the Sonora Lithium Project royalty
Zak Mir of Vox Markets also interviewed Trident CEO Adam Davidson on the latest royalty acquisition of the Sonora Lithium Project.
Oracle Power’s CEO Naheed Memon has answered shareholders questions with Proactive Investors in the company’s regular quarterly update for Q4 2021.
Subscribe to GreenRoc Mining’s new YouTube account here.
In the news this week:
Read more about the new beetle found in faeces from the Triassic period here.
There has been a peculiar purple layer found on the rocks of Mars.
The new ‘Batman’ film is expected to be dark and dingy and lead actor, Robert Patterson approves.
Calls for negotiations between Ukraine and Russia become more desperate as Germany stressed the impact conflict may have on its power supply.
Boris Johnson is facing ongoing questions about Partygate as the country awaits the release of the eagerly awaited Sue Gray report
Prince George must have computer gaming time monitored, the Duke of Cambridge revealed
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