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Gymshark has started to put together plans for a stock market listing according to City A.M. The company hit a £1bn valuation just over a year ago and boasts customers in more than 130 countries. Gymshark was founded by teenager Ben Francis in 2012 in his parents’ garage with products that appeal to Gen Z consumers. Timing TBA
Rubix Group Holdings, the market leading pan-European distributor of industrial main
Companies: ZOO CUSN ECHO IDEA PURP TEK
Ariana Resources (AAU LN) – Approval of Tavsan EIA
Aura Energy* (AURA LN) – Chairman's letter in Annual Report highlights potential for uranium
Cornish Metals* (CUSN LN) – Appointment of a non-executive director
Rambler Metals and Mining* (RMM LN) – Conversion of loan note
Tertiary Minerals* (TYM LN) – Second phase of trenching expands the Pyramid Project
Companies: CUSN AEE AAU RMM TYM
Cornish Metals Inc (“Cornish”) has reported five diamond drill hole results from the ongoing United Downs copper – tin project (“UD”) exploration programme. The programme has successfully followed up on the remarkable 14.7m at 8.5% Cu and 1.2% Sn ‘UD Lode’ (formerly ‘Lithium Lode’) discovery hole last year. Following yesterday’s results Cornish have now traced the UD Lode over a 200m strike length, which was intersected in four of the five reported holes. Additionally, four new zones of copper +
Companies: Cornish Metals Inc.
BlueRock Diamonds (BRD LN) – BlueRock raises $1.1m from sale of three large diamonds in Kimberley auction
Beowulf Mining* (BEM LN) – Comments on Kallak submitted to Swedish Government
Castillo Copper (CCZ LN) – Geophysics identifies multiple targets over 6km strike length at Luanshya
Cornish Metals* (CUSN LN) – United Downs drilling extends known strike extent of the former ‘Lithium Lode' to over 200m
IronRidge Resources* (IRR LN) – Binding agreement satisfied for Piedmont to fully fund Ewoy
Companies: CUSN MKA OMI BEM BRD PRE PREM CCZ IRR
Altus Strategies* (ALS LN) – BUY, 118p – High grade intersections reported at Diba
Caledonia Mining* (CMCL LN) – Record Q2 production drives 51% increase in gross profit
Conroy Gold & Natural Resources (CGNR LN) – Drilling results from Cargalisgorran
Cornish Lithium (Private) – Geothermal Energy claim world's highest lithium grade in geothermal waters in Cornwall
Cornish Metals* (CUSN LN) – Tin prices continue to rise on falling LME and SHFE inventories
Rio Tinto (RIO LN) – Rio Tinto shares
Companies: CUSN CMCL ALS CGNR RIO
Castillo Copper (CCZ LN) – Initial assay results from drilling at the ‘Big One' prospect
Cornish Metals* (CUSN LN) –– Publication of South Crofty mineral resources report on SEDAR
Cornish Tin (Private) - Exploratory digging to start at Cornish Tin's Great Wheal Wor mine
Rambler Metals and Mining* (RMM LN) – Building the platform for higher production levels.
Titan Minerals (TTM LN) – Titan sells Zaruma mine and Portovelo process plant for $15m
Companies: CUSN RMM CCZ TTM
What’s cooking in the IPO kitchen?
Northcoders, an independent provider of training programmes for software coding, to join AIM. It offers a range of training and software development solutions to individual and corporate customers. The Company's offering includes 'bootcamp' training courses, government funded apprenticeships and bespoke training courses and software development solutions. The Company operates a hybrid delivery model by providing its services in person at one of Northcoders' re
Companies: BXPHAR CUSN IOM MTR RRR TPG UOG XLM ZPHR
Ariana Resources (AAU LN) – Copper and gold confirmed in recent drilling at Kokkinoyia, Cyprus
Cornish Metals*+ (CUSN) – Pictures of drill core at United Downs highlight native copper in hole 7 around 200m east of hole1
Cora Gold (CORA LN) – Sanankoro assays indicate erratic gold distribution, more complex resource estimation and little influence on overall grade
Metal Tiger (MTR LN) – Motheo mining licence granted
Orosur Mining* (OMI LN) – LOI signed for Brazilian tin project
Companies: CUSN OMI AAU CORA PXC POW MTR
Altus Strategies* (ALS LN) - BUY - 118p – New ground secured at the Tabakorole Gold Project
Caledonia Mining* (CMCL LN) – Q2 record production at the Blanket mine and announcement of a further dividend increase
Conroy Gold & Natural Resources (CGNR LN) – Completion of due-diligence drilling at Clontibret
Cornish Metals*+ (CUSN) – United Downs drilling results identify new mineralised structures
Orosur Mining* (OMI LN) – Spectacular drill results including 59.55m @ 9.61g/t Au at Anzá project
Companies: CUSN OMI CMCL ALS CGNR RBW TGR
We have updated our long-term tin price assumption to US$25,000/t from US$20,000/t on the back of accelerating demand and tight supply. Our analysis of potential projects suggests this higher price level will be needed to incentivise the new output required to fill projected future deficits. As a result of this, and adjusting for the updated Share Purchase Agreement (SPA) with Galena/Tin Shield, previous owners of South Crofty, our target price for Cornish Metals Inc (“Cornish”) is increased to
Alba Mineral Resources (ALBA LN) - Bulk-sampling results from Clogau
Amur Minerals* (AMC LN) – $6.1m secured from the sale of Nathan River convertible notes
Condor Gold* (CNR LN) – Infill drilling confirms approximately 60,000oz of gold within 35m of surface in La India Starter pits
Cornish Metals*+ (CUSN) – BBC film on Cornish Lithium
Glencore (GLEN LN) – New Chairman announced
Kavango Resources (KAV LN) – KSZ update & £1.94m placing
Companies: CUSN CNR ALBA AMC GLEN KAV
AEX Gold (AEXG LN) – New exploration license application in Greenland
Altus Strategies* (ALS LN) – BUY, 118p – High grade copper and silver results in Morocco
Castillo Copper (CCZ LN) – Geophysical survey to start shortly in Zambia
Cornish Metals*+ (CUSN LN) – Restructuring of deferred consideration
IronRidge Resources* (IRR LN) – Full funding agreed for development of Ewoyaa Lithium project in Ghana
Kodal Minerals* (KOD LN) – CEO meeting with new Minister of Mines in Mali on Bougouni lithi
Companies: AEX ALS CUSN PLL KOD ORR PXC RMM SHG CCZ IRR SYA
Research Tree provides access to ongoing research coverage, media content and regulatory news on Cornish Metals Inc..
We currently have 5 research reports from 2
Phoenix copper today provides an update on its ground geophysical survey over the Red Star prospect near its Empire copper project in Idaho. The Red Star skarn mineralisation (lead and silver ± copper, zinc) is associated with magnetite; the survey just undertaken was to better understand the distribution and orientation of magnetite to find potential mineralisation and to inform the location and direction of a further drilling programme.
Companies: Phoenix Copper Ltd. (United Kingdom)
We are initiating coverage of VAST Resources (VAST), which has wholly-owned Baita Plai and Manaila polymetallic mines plus an interest in two exploration projects, all located in Romania. At this stage, Baita Plai is the main driver for our valuation as it is currently being ramped up to 14kt per month. As such, we expect Baita Plai’s Cu eq output to reach c 2.4ktpa in FY23F followed by 3.3ktpa in FY24F. This, coupled with Manaila’s potential re-start of an additional 3ktpa of Cu eq over the sho
Companies: Vast Resources plc
Diversified Energy Company (DEC) has announced a fourth acquisition within the Company's Central Region, acquiring a portfolio of upstream assets and related infrastructure from Tapstone Energy Holdings LLC and its related party, KL CHK SPV LLC. Oaktree Capital will co-invest in the acquisition, representing Oaktree's third co-investment since May this year. Importantly, Oaktree's participation provides important third-party validation whilst also affording Diversified additional liquidity and l
Companies: Diversified Energy Company PLC
We see the UK Government’s Net Zero Strategy as being overall helpful but not especially definitive. Amongst our coverage group, Drax Group (DRX LN) and Velocys (VLS LN) benefit from the Humberside CCS cluster prioritisation and Velocys from SAF support. The amount of renewables is likely to boost the need for flexibility solutions where Drax, Gore Street (GSF LN) and SIMEC Atlantis (SAE LN) can benefit. Hydrogen companies ITM (ITM LN) and Powerhouse Energy (PHE LN) are likely to find support. T
Companies: ADN DRX GSF ITM NESF PHE SAE SIT STRLNG TLG VLS
Companies: Shanta Gold Limited
Today’s IPO of Tungsten West (TUN-LON) unlocks a valuable, long term revenue stream for Hargreaves. This comprises a £1m per annum fee (first payment next month) as well as a mining services contract once the mine recommences production. The resulting EPS upgrades are 6% and 7% in FY22 and FY23 respectively, followed by 9% in FY24 with the first partial contribution from the mining services contract. This continues Hargreaves’ impressive recent run of forecast upgrades and reinforces our convict
Companies: Hargreaves Services plc
Companies: Thungela Resources Limited
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Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz. Offer TBA. Due early Nov.
Life Science REIT to join AIM raising up to £100m. This will be the first London listed real estate investment trust (REIT) focused on UK life science properties providing investors with exposure
Companies: SYS1 ARE SO4 SNG TMG TMT OHG IDE KIBO MRL
Shanta Gold (AIM: SHG) has, this morning, announced its production and operational results for the quarter ended 30th September 2021 – see Fig 1. Operationally this was a slightly weaker than expected quarter but very promising from the corporate side with a new five-year plan announced, an 0.10cps interim dividend announced and a resource update at the West Kenya Project (WKP).
QoQ production was flat at 14,194 oz and AISC rose to $1,480/oz caused by a temporary drop in grade as well as hig
Brent crude topped $85 a barrel in London for the first time since 2018, the latest milestone in a global energy crisis that has seen prices soar.
West Texas Intermediate for November settlement rose 97 cents to settle at $82.28 a barrel in New York.
Brent for December delivery added 86 cents to settle at $84.86 a barrel.
The global benchmark rose above the key level in intraday trading but did not settle above it on Friday. US crude futures posted an eighth straight weekly
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Trifast has released a good interim trading update ahead of its interim results due on 23 November. Overall trading has been in line with management expectations at “both revenue and profit levels” since the AGM update in July although this belies the strength of the Group's top line performance in our view. We remain buyers.
Companies: Trifast plc
Anglo Asian Mining* (AAZ LN) - BUY – 180p – 4.5c special dividend
BeMetals (BMET CN) –– Drilling commences at South Mountain, Idaho
Condor Gold* (CNR LN) – BUY, valuation 102.5p – Progress of the La India feasibility study
Hochschild (HOC LN) - Hochschild to spin off rare earth assets
Rambler Metals and Mining* (RMM LN) – BUY, fair value 10.7p - Ming mine underground drilling programme demonstrates grade and width improvements at depth
SolGold* (SOLG LN) – Tandayama-America initial resour
Companies: BMET AAZ CNR HOC RMM SOLG
Tungsten West (TUN.L) has joined AIM. Tungsten West is the 100% owner and operator of the historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon. Hemerdon represents the world's third largest tungsten mineral resource, with a JORC (2012) compliant Mineral Resource Estimate of approximately 325Mt at 0.12 WO3. Capital raised on Admission: £39m. Anticipated Mkt Cap: £106.2m.
Future Metals NL (ASX:FME, FME.L) (formerly named Red Emperor Resources NL) had joined AIM
Companies: SOLI RBD ALU ATQT BBI CWR DRV ORCP WATR
Rio’s investors day was focused on two of the most critical mining industry thematics in today’s times, i.e. green and growth. The announced measures couldn’t have materialised at a better time, given the (recent) woes pertaining to governance and the iron ore market sell-off. Remember, considering Rio’s enviable balance sheet strength, it has the flexibility to pursue the targeted plans with rigorously and, at the same time, maintain ‘relative’ shareholder reward attractiveness. Hence, we reite
Companies: Rio Tinto plc
With the recent acquisition of producing assets in the US, Canadian Overseas Petroleum (COPL) has started a new chapter in its existence and has already transformed its value proposition to investors. Following the recent operational developments, we are already seeing potential for a significant additional value accretion in the next 12 months, not only from the producing Barron Flats Unit (BFU), but from several other opportunities as well. The potentially better-than- expected production ramp
Companies: Canadian Overseas Petroleum Limited