European Metals Holdings - Quarterly Activities Report for the period ending March 2024

European Metals Holdings (EMH) today publish their quarterly to end March 2024 on activities at its giant lithium-tin deposit at Cinovec (49% owned through the operating company Geomet) in the Czech Republic. It's been another quarter of progress. The most important thing that happened (just post period) is that a new site for the processing plant has been chosen. And while this has seen a further delay in the publication of the DFS we view it as a positive development. The new site at Prunéř

European Metal Holdings (EMH) - New lithium processing site chosen for Cinovec

We view today's news as a positive for the project. Whilst it is not usually a good thing to delay publication of a DFS we view today's news as justifying the reworking of the economic numbers and construction plan and timeline. The transition from an area with a coal-fired power station and the reuse of the land also fits into the holistic lifecycle of new energy projects with the transition away from fossil fuels and repurposing of industrial skill sets from an ESG perspective. We also view

SP Angel Morning View: Lithium carbonate prices rise in China as refiner sentiment improves

European Metals Holdings - Successful production of Lithium Hydroxide

European Metals Holdings (EMH) today provides an update on its metallurgical testing for the giant Cinovec lithium-tin deposit in the Czech Republic which is at final feasibility (EMH 49%). It has produced an exceptionally clean (compared with international benchmarks) lithium hydroxide product and can now produce either lithium hydroxide or lithium carbonate depending on a customers requirements. EMH recognised from the early days of investigation that final product specification was all impo

Hybridan Small Cap Feast - 27 Mar 24

27th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

SP Angel Morning View: Lithium auctions detach from spot prices in sign market is strengthening

Hybridan Small Cap Feast - 15 Mar 2024

15th March 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Forward Partners Group (FWD.L) has left AIM following its acquisition by Molten Ventures (GROW.L) What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Change of Market: Our daily digest of news from UK Small Caps If you wo

Hybridan Small Cap Feast - 29 Jan 24

29th January 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

SP Angel Morning View: Copper poised to rise as Chinese smelters struggle to source concentrate

European Metal Holdings - Extension of Cínovec Exploration licences and reminder of upcoming key catalysts

European Metals Holdings (EMH) today announces that it has extended its exploration licences to December 2026 (Cínovec, Cínovec II, Cínovec III and Cínovec IV), which fully cover the east, south and north-west Preliminary Mining Permits (PMP's). This is required so that EMH may conduct further metallurgical and measured resource drilling it might need to undertake.

SP Angel Morning View: Gold climbs to $2,055 ahead of key US inflation data

Hybridan Small Cap Feast - 09 Nov 23

9th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

SP Angel Morning View: China Deflation calls for more stimulus

Anglo American (AAL LN) – Cost of Sirius Minerals, Woodsmith polyhalite mine triples to US$9bn European Metal Holdings (EMH LN) – Pilot plant tests validate LCP process flowsheet Galantas Gold* (GAL LN) – Up to US$3.0m raise in convertible loan notes Largo Inc (LGO CN) – $12m quarterly loss reported on weak production MetalNRG (MNRG LN) – Soil sampling results from Gold Ridge, Arizona Sylvania Platinum (SLP LN) – Leadership transition Wishbone Gold* (WSBN LN) – Cottesloe diamond-drilling u

European Metal Holdings - Battery grade lithium produced from Cinovec pilot plant

European Metals Holdings has today published an update on the lithium carbonate produced from its pilot plant for the Cinovec lithium-tin project in the Czech Republic. The pilot programme has confirmed the industrial viability of the LCP process flowsheet by producing an exceptionally clean battery grade lithium carbonate (>99.9%) produced via single-stage purification process. The pilot used ore which is fully-representative of the ore planned for the first seven years of mining at Cinovec (

SP Angel Morning View: Luxury brands discount products at an unprecedented rate in China in a sign of waning local consumer spending

Arc Minerals (ARC LN) – Drilling starts at Virgo project in Botswana Empire Metals* (EEE LN) – Presentation on Pitfield project highlights processing potential NextSource Materials (NEXT CN) – IFC mandate letter for US$91m loan Oriole Resources* (ORR LN) – CEO buys 3m shares

Pantheon Resources - Funding Update

Pantheon Resources announced that it has elected to make the quarterly principal and interest payment on its convertible bonds through the issuance of 4,471,153 shares priced at $0.364 per share (circa 29p) with the payment amounting to $2.72m.

SP Angel Morning View: Copper drifts as market looks for new direction following Fed outlook and weaker US CPI figures

Ariana Resources (AAU LN) – Increased MRE at the Dokwe project, Zimbabwe Bezant Resources (BZT LN) – Progress report on Namibian gold project Power Metal Resources* (POW LN) – Disposal of Australian interests Trident Royalties (TRR LN) – Recommended all cash offer at 49p from Deterra Royalties Umicore (UMI EBR) – Umicore warns of a sharp slowdown in growth of demand for EVs impacting the entire supply chain

SP Angel Morning View: SP Angel . Morning View . Wednesday 12.06.24

Anglo Asian Mining* (AAZ LN) – BUY – Tailings dam wall raise construction expected to commence shortly Atalaya Mining (ATYM LN) – Award of options rewards good management and incentivises for future growth Aura Energy* (AURA LN) – Recent drilling delivers increased mineral resources at Tiris uranium Empire Metals* (EEE LN) 11.75p, Mkt Cap £70m – Empire estimates new exploration target for focus areas at Pitfield titanium prospect in Western Australia Great Southern Copper (GSCU LN) 1.65p, Mk

i3 Energy (I3E LN) - Sweet as maple syrup

I3E is a UK and Canada listed E&P company, with a significant producing asset position onshore Canada in Alberta.

Chariot Limited (AIM: CHAR): High impact well offshore Morocco on track to spud in August

• The FY23 financials were in line with our forecasts. • The high impact Anchois East well continues to be expected to spud in August. A drilling success could increase the size of Anchois to over 1 tcf (300 bcf net to Chariot). Our overall unrisked NAV for Anchois, including Anchois East Footwall and Anchois East North Flank, is £0.42 per share. This represents 4.5 times the current share price. • Testing of the Dartois discovery onshore Morocco is expected to take place in 3Q24. Subject to the

SP Angel Morning View: Copper and gold slide as dollar strengthens on reduced rate cut prospects

SP Angel Morning View: Copper prices continue to slip on stronger US dollar as investors wait to see new consumption

Anglo Asian Mining* (AAZ LN) – Copper concentrate pre-payment agreement Critical Metals Corp (CRML US) – Binding heads of agreement to acquire Tanbreez Rare Earth Project Empire Metals* (EEE LN) – Results highlight progress towards delivery of JORC compliant ‘exploration' targets at the Cosgrove and Thomas prospects Western Australia. Golden Metal Resources (GMET LN) – Further geophysical programmes in the Walker-Lane Belt of Nevada Oriole Resources* (ORR LN) – Drilling starts at Bibemi, Cam

Hybridan Small Cap Feast - 28 Mar 24

28th March 2024 Happy Easter @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific inve

Panther Metals: The Art of the Deal

Panther's dealmaking pace picked up in recent times with the company even managing to do two deals in one day (one a disposal and the other an acquisition). In the process, it ended up gaining a sizeable stake in a soon-to-be-listed entity on AIM and added a whole new district to its Canadian holdi

Jersey Oil & Gas (JOG LN) - AGM update

JOG has released a statement going into its AGM later today. This reports ongoing progress on the FEED programme for the Buchan development (with FID now likely to be taken in 2025), alongside a healthy cash position.

Jersey Oil & Gas - Buchan Project Update

Ahead of its AGM later today, Jersey Oil & Gas announced that project sanction for the Buchan redevelopment is linked to securing fiscal clarity from the next government, ensuring that the project remains financially attractive. The company also stated that in conjunction with the forthcoming UK General Election, on 4 July 2024, the exact timing for achieving key milestones and project sanction will depend on the results of the election and on the fiscal clarity provided by the UK Government fol

AUCTUS ON FRIDAY - 14/06/2024

AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN) C: target price of £0.50 per share: High impact well offshore Morocco on track to spud in August – The FY23 financials were in line with our forecasts. The high impact Anchois East well is expected to spud in August. A drilling success could increase the size of Anchois to over 1 tcf (300 bcf net to Chariot). Our overall unrisked NAV for Anchois, including Anchois East Footwall and Anchois East North Flank, is £0.42 p

Andrada Mining: “Standalone” ramp up plans evolving as strategic partnering process continues

Andrada Mining (“ATM”) continues to evolve from a tin miner to a low-cost, multi-commodity producer of lithium, tin, and tantalum. Recent strong tin prices will help to fund this transformative growth, including the integration of XRT ore-sorting and developing a commercial scale petalite operation. However, the speed at which new petalite supply can be absorbed has been tempered by a correction in the lithium market over the last ~18 months. ATM’s update in March outlined an initial target of 3

Morning Note – 14 June 2024