Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: PSON, SMIN, VTY, SMWH, LIO, RAT, CURY, GFRD, SMD, TM17, & JSE.

Mining Monthly: November Edition

What you need to know: • Producers, developers, and explorers continue to trade at low multiples. These low multiples make for great buying opportunities; there are plenty of standout winners despite the weak performance • We anticipate the number of bankruptcies to rise as companies struggle to raise funds and treasuries dwindle • Positive month: Precious metals and commodities shared in a strong month posting the highest monthly gain since 2020 – equities took part as well Sentiment Update G

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: FLTR, SMIN, TW/, AV/ ITV, MKS, IHC, SMD, ARIX, & AUY.

SP Angel Morning View: Copper prices pause strong run as China officials double down on zero-Covid strategy

AfriTin Mining (ATM LN) – Completion of Phase 1 commissioning at the Uis mine Arafura Rare Earths Ltd (ARU AU) - Arafura signs rare earth supply deal with Hyundai and Kia as automakers look to diversify EV supply chain Arc Minerals* (ARCM LN) – Arc extends exclusivity agreement for Anglo American Beowulf Mining* (BEM LN) – Non-Executive Chairman appointed Caledonia Mining* (CMCL LN) – New Maligreen mineral resource Castillo Copper (CCZ LN) – Quarterly report focusses on the cobalt potential

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: BME, GSK, ULVR, BEZ, FXPO, PNN, AUY & AVCT.

SP Angel Morning View: Gold hits $1,900/oz on Russia-Ukraine crisis and inflation concerns

Albemarle (ALB US) – Share price falls as forecast earnings below market expectations Yamana Gold (AUY LN) – Strong Q4 production, results for 2021 and 2022 guidance

Capital Access' Hot Off The Wires - The Day Ahead

Today's news & views, plus announcements from BATS, GSK, BAB, LIO, AUY, ANX, BGO, DUKE, INCE & PMI.

SP Angel Morning View: Copper chases nickel and aluminium prices higher

AfriTin* (ATM LN) – Uis mine in Namibia continues to exceed exceeds its planned tin concentrate output Arkle Resources* (ARK LN) – Mine River gold exploration project drilling programme to be extended to follow up latest results Caerus Mineral Resources (CMRS LN) – Pano Lefkara drilling results Ferro Alloy Resources (FAR LN) – Patent received in Kazakhstan for technology to produce ERFB electrolyte Horizonte Minerals (HZM LN) – Export Credit finance approvals for the Araguaia ferronickel pro

SP Angel Morning View: Copper hits $8,000/t on better outlook and weak US$

AEX Gold Inc (AEXG LN) – Mineral license increased at highly prospective gold license Anglo Asian Mining* (AAZ LN) – BUY, 200p – NED appointment GoldStone Resources (GRL LN) – Exercise of warrants Rainbow Rare Earths* (RBW LN) – Rainbow completes acquisition of Phalaborwa tailings and REE pilot plant Yamana Gold (AUY LN) – Agua Rica integration with Alumbrera

SP Angel . Morning View

AEX Gold Inc (AEXG LN) – Development progress | Amur Minerals* (AMC LN) – Loading of first iron ore for shipment at the Roper Bar Project | Anglo Asian Mining (AAZ LN) - BUY, 200p – Updated resources and reserves extend life of mine at Gedabek | Arkle Resources* (ARK LN) – Identification of additional gold targets in Donegal | Beowulf Mining* (BEM LN) – Drone survey completed at Mitrovica | Castillo Copper (CCZ LN) – Copper soil anomalies extended at Mkushi | KEFI Gold and Copper (KEFI LN) – Q4

SP Angel . Morning View

Altus Strategies* (ALS LN) – BUY, 132p – CEO bought £70k worth of stock in the market | Anglo American (AAL LN) – Class action launched against Anglo as a historical partner over alleged mass lead poisoning of children in Zambia | BMR Group (BMR LN) – BMR Group now holds licenses over Star Zinc mine where Enviro Zambia has been cleaning up Kabwe mine site | Arc Minerals* (ARCM LN) – High-grade copper at Fwiji indicate potential for greater discovery | Beowulf Mining* (BEM LN) – Swedish governme

SP Angel . Morning View

Arc Minerals* (ARCM LN) – Caleb Mulenga appointed as a NED to Arc Minerals board | Greatland Gold (GGP LN) – Moving towards initial resource at Havieron as step-out drilling identifies a 4th potential target | Highland Gold (HGM LN) – Production to pick up in the final quarter with FY20 guidance reiterated | KAZ Minerals (KAZ LN) – On track for full-year guidance | Panthera Resources (PAT LN) – Field exploration underway at the Bassala project | Vast Resources* (VAST LN) – Final results highligh

Jersey Oil & Gas - Delivering zero-capex barrels

Last week, JOG successfully secured its second GBA farmout, locking in a path to delivering zero-capex barrels. The surprisingly muted share price response to the farm-out leaves JOG trading at an unjustifiably large discount to our valuation. With a material fully funded development project under its belt and a clean balance sheet, JOG presents a very low-cost way to access high quality development barrels for investors and potential acquirers alike. If the threat of M&A does not narrow JOG’s v

Plexus Holdings - FY23 final results – on the road to recovery

Plexus FY23 revenue and losses were in line with expectations. As well as the further development of its licensee relationship with SLB (Schlumberger), Plexus is focussed on its re-entry into the rental of exploration wellheads from Jack-up rigs, the sale of surface production wellheads and the provision of specialised solutions and applications to operators, particularly for Plug & Abandonment (P&A) work. Plexus won a substantial c£5m special project contract during the year, which was expanded

Arrow Exploration Corp. (AIM: AXL): FY24 drilling programme: high impact & low risk

• 3Q23 production was 2,518 boe/d, near our forecast of 2,674 boe/d. • Arrow held US$12.9 mm in cash at the end of September. This is ahead of our expectations of US$6.6 mm on lower capex and opex. • Four new wells are expected to be on stream by YE23 including RCE 7, RCE-8 and two wells at Oso Pardo. • Following interpretation of the recently shot 3D seismic at Tapir, Arrow plans to drill a total of 15 wells in 2024 including five exploration wells targeting 3 material and low risk exploration

Morning Note – 29 November 2023

Morning Note – 28 November 2023

Alien Metals - Setting the foundations for operations at the Hancock DSO project

Alien and the Iron Ore Company of Australia (IOCA), continue to lay the foundations for operations at Hancock, one of its direct shipping iron ore (DSO) projects in Western Australia. Progress made to date ensures that, should a positive investment decision be made following the conclusion of Definitive Feasibility Studies (DFS), Hancock will be in operation and generating cashflow soon after capital is invested.

Longboat Energy plc (AIM: LBE): All eyes on 2024

• With the acquisition of interests in Sygna and Statfjord Øst expected to complete in January, the process to establish a stable well-funded producing business in Norway is almost complete. FY23 production at Sygna and Statfjord Øst net to Longboat Norge is ~250 boe/d. • The acquisition of 49.9% of Longboat Norge by JAPEX in 2023 provides low cost capital and access to a strong balance sheet to develop further the Kveikje area and make acquisitions at no further dilution to Longboat plc. • With

New Debt Facility – Lowering TRR Cost of Capital

We have been roadshowing Trident Royalties all week during which time the company released an announcement that they have entered into a commitment letter with BMO and CIBC for a new $40m revolving credit facility (RCF), with the potential to increase the facility to $60m via an accordion feature. The proceeds from the $40m are going to be used to repay the existing secured debt facility of $40m with Macquire in Q1 next year.

LIBERUM: Trident Royalties: New $40m revolving facility: cheaper, more flexible, expandable to $60m

Morning Note – 1 December 2023

LIBERUM: Restocking Indicator still says BUY: Equities lift too

UK-Listed Energy Sector: Review of the UK oil and gas landscape – why the country needs it, current policy and tax

The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.

Clean Power Hydrogen - Revised agreement with ATOME

CPH2 and ATOME have reached a mutual agreement to cease the previous production order made by ATOME. The CPH2 Board of Directors considers it is in the Company’s best of interests to focus its engineering and installation resources in ensuring roll out Membrane Free Electrolysers with current partners Fabrum Solutions Limited, KCA Deutag and, Northern Ireland Water. As part of the agreement, Molecular Energies has requested, and CPH2 has agreed to, a non-binding framework agreement with G-Mobili

Strong second half trading

Oil & Gas - Cavendish sector note

Jersey Oil & Gas, Serica Energy, Trinity Exploration & Production, Longboat Energy, Ithaca Energy, Neptune Energy, Pantheon Resources, Nostrum Oil & Gas, Kufpec, ORLEN.