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Neometals’ FY24E interim results show the significant progress the company has made in reducing costs, focusing on a capital light business and targeting profitability without further capital raising. The strategy for 2024 is to complete the installation and commissioning of the Mercedes-Benz Plant in Germany, complete the ELi Pilot and license Vanadium recovery to third parties, and rationalise the non-core resource projects Barrambie and Spargos. We continue to see the current share price as d
Companies: Neometals Ltd
Cavendish
Anglo American (AAL LN) – Collaboration with Finnish Metals Future Metals (FME LN) – Identification of drill targets at Alice Downs in Australia Imerys British Lithium (Private) - IBL working on lithium extraction from Cornwall granites KEFI Gold and Copper* (KEFI LN) – Tulu Kapi funding completion nearing completion with project launch reiterated for H1/24 Neometals Ltd (NMT LN) – Disappointing results from lithium exploration in WA
Companies: FME AAL KEFI NMT
SP Angel
25th 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
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Hybridan
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Neometals has raised A$12.1m gross comprising of A$9.0m in a placing with sophisticated, professional and other institutional investors, and $3.1m under and Entitlement Offer to existing shareholders. The proceeds will be directed towards activities at the Primobius LiB recycling development, lithium chemical research development activities, vanadium and titanium business units and working capital, corporate and Offer costs. The raise represents dilution of c9%.
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Neometals has announced that its 50/50 Lithium-ion battery recycling joint venture, Primobius GmbH, has proven that its process can produce battery-grade nickel sulphate from German EV batteries. Nickel sulphate is the largest volume battery material produced in the Primobius process and the second most valuable product. It is a major contributor to ensuring the lithium production operating costs are in the lowest quartile.
Companies: NMT KMK RDT TCF ULTP ATOM
Neometals has announced a cash burn of A$10.4m for the quarter ended 31 September, up from A$7.7m the previous quarter, leaving it with cash and equivalents of A$14.2m. The company has also announced that it has served notice to its partner (Critical Metals Ltd) in the Finnish vanadium recovery project (Recycling Industries Scandinavia AB, RISAB) that it does not wish to proceed with the construction of a vanadium recovery facility (VRP1). This is because the Neometals board has concluded that d
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Research Tree provides access to ongoing research coverage, media content and regulatory news on Neometals Ltd. We currently have 14 research reports from 4 professional analysts.
Sylvania has maintained annual production guidance despite Q324 results being affected by a 22-day strike, resulting in 10% lower production. The PGM basket price was stable during the quarter, with positive platinum momentum offset by palladium weakness and rhodium prices stable. Operating costs increased by 5.6%, in line with expectations. FY24 production guidance is for 75,000–76,000oz, despite the challenges in Q324. Our PGM outlook is unchanged from our moderated forecasts earlier in the ye
Companies: Sylvania Platinum Ltd.
Edison
Drilling operations have commenced on the first of two wells at Chariot’s Loukos Onshore licence in Morocco. The initial well is targeting the Gaufrette prospect, situated updip of an existing gas discovery (LNB-1) and is supported by seismic amplitude anomalies. Success at Gaufrette could unlock a P50 resource of 26Bcf and further upside volumes could come from a series of deeper targets that have been identified on newly reprocessed 3D seismic data. Following Gaufrette, Chariot will drill the
Companies: Chariot Limited
Trident released their annual yesterday this morning, as well as an update regarding their Paradox royalty. Firstly, looking at their l results, we already knew the total royalty receipts this year, and therefore the focus is on EBITDA and Net Income. Both came in slightly lower than estimated but both largely driven by our lower SG&A cost estimate. We believe the reason for this is somewhat temporary – see comment below. On Paradox, Anson Resource has received a binding offtake for their proje
Companies: Trident Royalties Plc
Tamesis Partners
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$0.75 per share: Raising new equity to fund a high impact activity programme – ADX has raised A$13.5 mm of new equity priced at A$0.105 per share. One free-attaching option will be issued for evert two placement shares with an exercise price of A$0.15 per share and an expiry date of 08/05/2026. The proceeds from the raise will fund (1) the production testing of the 450 m gas column encountered at
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Auctus Advisors
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Companies: Chariot Limited (CHAR:LON)Duke Capital Limited (DUKE:LON)
17th April 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: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi
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Liberum
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Anglo American (AAL) rejected the combination proposal from BHP, which included two separate demergers of Anglo-American Platinum and Kumba Iron Ore. Given the AAL’s EBITDA structure, the main business interest could be its copper business. In 2023, AAL generated 32% of its underlying EBITDA from copper, 40% from iron ore sales,12% from PGMs and 13% from coal. Among all AAL businesses, copper showed robust performance with a 48% increase in underlying EBITDA in FY23, primary due to the ramp-up
Companies: Anglo American plc
Hypothesis Research
Excellent news for Afentra, which has received government approval for the Azule Energy acquisition, its third offshore Angola. This suite of acquisitions provide Afentra with a material non-operated shallow water portfolio containing significant production enhancement, development and exploration opportunities. The producing fields are highly free-cash-generative and provide a solid and meaningful foundation for Afentra’s experienced and ambitious management team to construct a significant Afri
Companies: Afentra PLC
Weaker metal prices and slightly lower sales volumes saw earnings fall y-o-y as expected, though CAML nonetheless maintained a very healthy EBITDA margin, testament to the low operating cost structure of Kounrad in particular. The full-year dividend of 18p sees CAML yield an attractive 9%, and with capex projects at Sasa concluding this year, we see scope for dividends to increase further. M&A remains a priority, and we look forward to further developments in this area as 2024 progresses.
Companies: Central Asia Metals Plc
Alternative Resource Capital
Q1/24 sales volumes averaged 2,669bopd, a 2% QoQ and 8% YoY reduction (Q4/23: 2,736bopd, Q1/23: 2,899bopd) as Trinity continues to offset natural production decline through an active programme of workovers, recompletions, and swabbing. Trinity has reiterated its 2024 sales volume guidance of 2,600-2,700bopd (a c5% YoY reduction at the mid-point). Cash at 31 March 2024 was US$8.6m (31 December 2023: US$9.8m). Trinity has also provided an update on the Jacobin-1 well, where the forward plan is to
Companies: Trinity Exploration & Production Plc
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