SP Angel Morning View: Gold soars to two-month high as traders reconsider June rate cut potential

SP Angel Morning View: Metals prices slide as China construction woes persist and dollar pushes higher

SP Angel Morning View: Metal prices pull back on weaker than expected Chinese economic data

This Week's AIM Highlights 2nd June

This Week's AIM Highlights 10th March 2023

SP Angel Morning View:China's 2023 growth targets disappoint base metal traders

SP Angel Morning View: Gold flatlines as traders weigh options before key US CPI data and midterm elections

Amur Minerals* (AMC LN) – Update on AO Kun-Manie transaction with Bering Metals Cornish Metals* (CUSN LN) – Progress report from South Crofty GreenRoc Mining (GROC LN) – Testwork with ProGraphite highlights potential for future spheronisation of Amitsoq graphite material Petra Diamonds (PDL LN) – Mine tailings escape at the Williamson mine Tesoro Gold (TSO AU) – Drill assays indicate high grade extension at Ternera Tertiary Minerals* (TYM LN) – Soil sampling reveals definition of copper so

SP Angel Morning View: Gold extends gains on continued dollar and US Treasury yield weakness

Amur Minerals* (AMC LN) – Amur Minerals announces Russian Federation approval of the sale of its nickel copper sulphide project for $35m Anglo American (AAL LN) – Renewable energy partnership with EDF in S Africa Azure Minerals (AZS AU) – Positive metallurgical testing results at Ridgeline nickel deposit Bluebird Merchant Ventures (BMV LN) –Batangas licence extension Danakali (DNK AU) – Term sheet signed for divestment of Colluli interest Ormonde Mining* (ORM LN) – Ormonde completes sale o

Hybridan Small Cap Feast 09/09/22

Dish of the day Joiners: No joiners today. Leavers: ScotGems Plc has left the Main Market. What’s cooking in the IPO kitchen?** Critical Metals plc, a company established to acquire mining opportunities in the critical and strategic metals sector, is to be re-admitted onto the Main Market under the ticker “CRTM”, following the proposed acquisition of a 57% interest in Madini Occidental Limited, which holds an indirect 70% interest in the Molulu copper/cobalt project located in the Democratic Rep

SP Angel Morning View: Gold prices move higher as dollar slips ahead of US economic data

Amur Minerals* (AMC LN) – Investors vote to accept recommended offer of $35m for the Kun Manie Project Anglo Pacific (APF LN) – Interim results Great Western Mining (GWMO LN) – Progress report on Nevada projects Goldstone Resources* (GRL LN) – AGM comments Kenmare Resources (KMR LN) – Appointment of finance director Rio Tinto (RIO LN) – Increased cash offer for Turquoise Hill Rockfire Resources (ROCK LN) – Metallurgical test results from the Molaoi zinc project Savannah Resources* (SAV LN

SP Angel Morning View: Strong US employment raises risk for higher rates as US looks to reduce inflation

Amur Minerals* (AMC LN) – Recommended $35m offer for the Kun Manie Project Anglo Asian Mining* (AAZ LN) – BUY – ~C$1m investment in Libero to maintain its 19.9% interest in copper explorer BeMetals* (BMET CN) – Major shareholder provides US$5m loan BHP (BHP LN) – Proposal to acquire Oz Minerals rejected by target East Star Resources (EST LN) – Additional rare-earth exploration licences in Kazakhstan Tertiary Minerals* (TYM LN) – Sale of Finnish royalties Tirupati Graphite (TGR LN) – £1.5m

SP Angel Morning View: Nickel price jump lifts copper on new sanctions

Amur Minerals* (AMC LN) – Annual results highlight strong cash position amid continued M&A effort Arkle Resources* (ARK LN) – 2021 Results discuss Irish exploration and overseas aspirations Aura Energy* (AURA LN) – Appointment of engineers for the Tiris uranium project BeMetals* (BMET CN) – Drilling underway at Pangeni, Zambia Cornish Metals* (CUSN LN) – Valuation 48p/s – Drilling results from United Downs Goldstone Resources* (GRL LN) – Final results highlight transition from explorer and

SP Angel Morning View: Eurozone construction pulls back as inflation, logistics and uncertain outlook slow projects

Amur Minerals* (AMC LN) – Kun Manie TEO details released Atlantic Lithium* (ALL LN) – Positive metallurgical tests show potential for lower operating costs at Ewoyaa Castillo Copper (CCZ LN) – Progress report on Australian and Zambian projects Eurasia Mining* (EUA LN) – Accounts delayed due to geopolitical circumstances Karelian Diamonds (KDR LN) – Geophysics identifies kimberlites in Finland Liontown Resources (LTR AU) – Binding lithium offtake signed with Tesla

SP Angel Morning View: Metals prices pause as Li Keqiang urges officials to kick start China economy

Amur Minerals* (AMC LN) 1.1p, Mkt Cap £16m – Shareholders reject the Stanmix $105m cash offer Atlantic Lithium* (ALL LN) 51.14p, Mkt Cap £296m – Ewoyaa project set to expand as visible spodumene is observed in new drilling Beowulf Mining* (BEM LN) 5.45p, Mkt Cap £44.5m – 2021 Results reports progress in Sweden, Kosovo and Finland CEO and highlight March 2022 award of Kallak licence IRC Ltd (1029 HK) HK$0.2, Mkt Cap HK$1.6bn – Management and Board changes SolGold* (SOLG LN) 31p, Mkt Cap £700m

NextSource Materials - Initiation

NextSource is uniquely positioned to build a leading vertically integrated position, ex China, in the supply of Lithium-ion battery anode material which is essential for the Energy Transition. The company is commissioning phase 1 of its world-class Molo graphite mine in Madagascar and is in the final permitting process for its first Battery Anode Facility (BAF) to be located in Mauritius. The company is backed by Vision Blue, established by Sir Mick Davis, former CEO of Xstrata. On our calculat

Initiation of Coverage - Critical raw materials for Europe’s green transition

Beowulf is advancing a portfolio of projects in Europe focussed on metals and minerals that are critical to enabling the continent’s transition to a greener economy. Awareness of Europe’s over-reliance on external supply sources for such vital raw materials is driving growing political support for ‘home-grown’ projects. Beowulf is strategically positioned to leverage this fast-evolving trend – its Kallak project in Sweden holds potential to deliver high-quality iron ore to lower the carbon-inten

Falcon Oil & Gas - Funding a Multi TCF Resource

Falcon has raised gross proceeds of US$8.9m via a placing and subscription at a price of 6p/share and the granting of overriding royalty interests. The net proceeds, together with Falcon’s existing cash resources (cUS$4.3m) will be used to fund Falcon’s net share of 2024 capex (cUS$9m) associated with the 40MMscf/d Shenandoah South Pilot Project, including the drilling, stimulation, and flow testing of two 10,000ft horizontal wells. The funds will also enable Falcon to fund its share of the cost

i3 Energy - 2024 Guidance: Consolidation for Growth

i3 Energy announced that its 2024 guidance consists of expectations to drill 10.5 net wells (7.6 net wells in Central Alberta, 1.9 net wells in Simonette and 1.0 net wells in the Clearwater play) with 85% of capex allocated to the second half of the year. Total capex expenditure for the year is guided at $US 50.9m. The company indicated that it intends to commence pad drilling of its Montney acreage in Q1 2025 and we perceive the company is bulking up for that significant growth opportunity for

Morning Note – 22 April 2024

Beowulf Mining (BEM LN) – Initiation Note – BUY – Supporting Scandinavia's Green Transition

Beowulf is an AIM/Spotlight-listed developer of two flagship assets; Kallak, a high-grade iron ore project in Sweden and the Grafintec Graphite Anode Materials Plant. The Company's Kallak North project has the potential to produce 2.5mtpa of high-grade, premium iron ore concentrate suitable for the growing green steel industry in Sweden. Additionally, Grafintec's Anode Material Plant Project is well positioned to serve the growing EV battery supply chain in Europe, whilst supporting EU plans

Trifast (TRI LN) - Trading conditions remain difficult but self-help initiatives coming through

Despite end market demand remaining difficult in several regions Trifast has announced that revenue and profitability will be marginally ahead of the guidance provided at the end of January. Self-help initiatives instigated during 2023 are starting to come through providing visibility on the majority of the £3.0m savings identified to come through in the current financial year (Mar FY25). Zeus estimates were in line with guidance of £230m revenue, £11.5m EBIT and £6.0m PBT. We leave forecasts un

Morning Note – 24 April 2024

I3 Energy (I3E LN) - 2024 work programme and budget

I3 has released its work programme and budget for 2024, alongside providing guidance for the year. This represents a larger programme than 2023, with the focus now shifting to greater operational activity and production gains given the additional balance sheet strength achieved in recent months.

Morning Note – 25 April 2024

Sintana Energy Inc. (TSX-V: SEI): Constrained test rate of 14 mboe/d at Mopane-1X. 10+ bn boe in place confirmed.

• Multiple tests over multiple zones in multiple horizons were run at the Mopane-1X exploration well. The flows achieved during the well test reached the maximum allowed limits of 14 mboe/d. The flow rate was constrained by the size of the available surface facilities. • The AVO-1 horizon encountered at Mopane-1X and Mopane-2X are in the same pressure regime, suggesting that the entire area (8 km diameter) between the two wells is connected. Overall, in the Mopane complex alone, and before dril

Touchstone Exploration+ (TXP, House Stock at 44p) - Closing of expanded bank facilities

Jubilee Metals - Operational Update Q3 FY2024

Jubilee today reports its Q3 and third quarter operational results from its expanding operations in Zambia (copper) and South Africa (chrome and PGM). South Africa is on a growth trajectory with record chrome production of 409kt in the quarter (Q2 FY2024 381kt) and a monthly record in March of 145kt and production YTD of 1.13Mt (0.94Mt). Jubilee is well underway to its annual target capacity of 2,1Mt/yr especially with the new 300kt/yr chrome plant at Thutse expected to be operational in August

LIBERUM: Ferrexpo: Production triples

SP Angel Morning View: Gold prices slide following profit taking as traders look to US data