Joiners Light Science Tech Holdings (LST.L), the controlled environment agriculture technology and contract electronics manufacturing Group has joined AIM. Raising £5.2m. Market Capitalisation approximately £17.4m. Leavers No Leavers Today. What’s cooking in the IPO kitchen? 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 teen
Companies: NWT LTG ITM POW
Ariana Resources (AAU LN) – Apliki copper mine development agreement BlueRock Diamonds (BRD LN) – Record production in Q3 ahead of expected step change in Q4 Chaarat Gold (CGH LN) – Kyzyltash 2021 drilling programme completed with metallurgical testwork results expected in H1/22 Greatland Gold (GGP LN) – Pre-feasibility study for South East Crescent zone at Havieron Hummingbird Resources (HUM LN) – Kouroussa project economics, funding and timeline update Power Metal Resources* (POW LN) – D
Companies: 2899 AAU BRD CGH GGP HUM POW
AfriTin* (ATM LN) – Strong six months fuelled by rising production levels at Uis and strong tin prices AVZ Minerals (AVZ AU) - secures $240m of Chinese investment to develop DRC lithium project Bluejay Mining* (JAY LN) – Further drilling at Enonkoski Bushveld Minerals* (BMN LN) – Interims highlight doubling of vanadium production to 5,000-5,4000mtVpa by end-2022 Eurasia Mining* (EUA LN) – Completion of $15m placing GoldStone Resources* (GRL LN) – Warrant exercise provides £180k of funding t
Companies: ATM JAY BMN EUA POW RMM SRB AVZ SGZ
Bluejay Mining* (JAY LN) – Greenland agrees new economic aid with the US Ariana Resources (AAU LN) – Further drilling results from Kepez North CATL (CATL N) – CATL may be joining the bidding war for Millennial Lithium Corp. as Chinese firms battle for EV material supply Condor Gold* (CNR LN) – Senior mining engineer appointed to advance La India feasibility study Cora Gold* (CORA LN) – Interims Galileo Resources (GLR LN) – Sale of Kalahari Copper Belt licences expected to complete next week
Companies: AAU JAY CNR CORA GLR GGP POW RRR VUL SSW
AEX Gold (AEXG LN) – Further management changes at AEX to drive development of new plan Altus Strategies* (ALS LN) – Valuation 125p – First Caserones NSR royalty payment in respect of Q2/21 expected this month Beowulf Mining* (BEM LN) – CEO letter to Minister Baylan regarding Kallak Bluejay Mining* (JAY LN) – Valuation 37.7p – Interims highlight activity towards development of the Dundas ilmenite mine and other exploration Caerus Mineral Resources (CMRS LN) – Progress report on prospective j
Companies: AEX ALS BEM JAY CMRS CORA PDL POW TYM URU CCZ IRR
Empire Metals* (EEE LN) – Experienced exploration staff appointed Europa Metals Limited (EUZ LN) – Drilling completed and focus shifts to updating the resources estimate at the Toral zinc, lead, silver project in Spain Orosur Mining* (OMI LN) – Monte Aguila assumer operatorship of Anza Power Metal Resources* (POW LN) – Sale of Schreiber-Hemlo Interests for £1m PureGold Mining (PUR LN) – PureGold hits daily record production in August SolGold* (SOLG LN) – Rationalising exploration to focus o
Companies: PGM OMI EEE POW SOLG EUZ
Altus Strategies* (ALS LN) – BUY, 125p – Drilling confirms parallel mineralised structure at Tabakorole Botswana Diamonds (BOD LN) – Drilling underway at Thorny River Eurasia Mining* (EUA LN) – Eurasia reports ongoing progress on low-cost platinum group metals projects in Russia Greatland Gold (GGP LN) – Initial drilling results from Juri Noront Resources (NOT CN) - Australian mining billionaire Forrest raises bid for Noront Resources Phoenix Copper* (PXC LN) – Initial results from deep sul
Companies: NOT NOT ALS BOD EUA GGP PXC POW RMM SGZ
Antofagasta (ANTO LN) – Chilean drought cuts copper output target Adriatic Metals* (ADT1) – DFS completed at Vares indicating Post-tax NPV8 of $1.06bn AfriTin* (ATM LN) – High tin prices drive unexpectedly high margins for AfriTin BlueRock Diamonds (BRD LN) – BlueRock recovers third large diamond in 10 days Condor Gold* (CNR LN) – La India final drilling results Empire Metals* (EEE LN) – Drill programme commences at Central Menzies Power Metal Resources* (POW LN) – Soil sampling indicate
Companies: ADT ATM ANTO BRD CNR EEE POW RMM
Aura Energy* - (AURA LN) – Completion of gravity survey at Tasiast South expected to allow reinstatement of ASX trading Bluejay Mining* (JAY LN) – BUY, Valuation 37.7p – KoBold Metals signs US$14.5m deal to earn into Disko nickel project in Greenland Caerus Mineral Resources (CMRS LN) – Completion of Cypriot gold project acquisition China Molybdenum (603993 CN) - China Moly to double production of copper and cobalt at Congo mine with $2.5bn investment Core Lithium (CXO AU) – Up to A$140m equ
Companies: AEE JAY CMRS WRES POW SHG SOLG CXO PLL 3993
Chaarat Gold (CGH LN) – CEO change Hummingbird Resources (HUM LN) – Komana East Underground drilling results to extend life of mine at Yanfolila Mkango Resources* (MKA LN) – Mkango to acquire 100% of both Songwe Hill and Magnito & £5.5m raised Power Metal Resources* (POW LN) – Drilling continues at Silver Peak project Versarien* (VRS LN) – Results highlight progress in developing graphene applications in multiple initiatives
Companies: MKA CGH HUM POW VRS
Arkle Resources* (ARK LN) – Latest drilling results from the Mine River gold exploration project BHP (BHP LN) - BHP expects demand for nickel in battery demand to rise by 500% Cora Gold (CORA LN) – Drilling update at Sanankoro Kodal Minerals* (KOD LN) – Bougouni licence application advances to final stage of the approval process Power Metal Resources* (POW LN) – Phase-1 work programme complete at Tati Project Vale (VALE US) – Vale Nickel workers end two-month strike at Sudbury
Companies: VALE3 ARK BHP CORA POW
Aura Energy* - (AURA LN) – Quarterly report highlights progress with Tiris uranium project Beowulf Mining* (BEM LN) – £100k investment in Vadar Caerus Mineral Resources (CMRS LN) – Option agreement with Bezant Resources Caterpillar – (CAT N) – Cost inflation hits shares despite rise in quarterly earnings CGN Mining (1164 HK) – CGN Mining signs deal to acquire 49% of Ortalyk from Kazatomprom for US$435m Power Metal Resources* (POW LN) – Significant expansion of exploration ground in the KCB
Companies: CAT CAT TSG TSG AEE BEM CMRS 1164 KAV POW RMM SML TYM VUL
Anglo American (AAL LN) – De Beers reports continuing strength in diamond jewellery and expects continuing positive demand during H2 Aura Energy* - (AURA LN) – Progress with Tiris uranium project BHP (BHP LN) – BHP Group makes all-cash offer to pay C$0.55/s for Noront Resources valuing the Company at C$325m. Noront Resources (NOT CN) – Offer from BHP at C$0.55/s Bluejay Mining* (JAY LN) – BUY - Valuation 37.7p - partial divesting of black shale properties in Finland Empire Metals* (EEE LN)
Companies: AEE AAL BHP JAY PDL POW RIO URU RNU SGZ
Altus Strategies* (ALS LN) - La Mancha launches La Mancha Fund, a Luxembourg based long only fund dedicated primarily to gold mining. Ariana Resources (AAU LN) – Kiziltepe production guidance maintained Castillo Copper (CCZ LN) – Quarterly report highlights the ‘Big One' prospect Chaarat Gold (CGH LN) – Robust Kapan production in H1/21 with Tulkubash funding completion pushed to Q3/21 Glencore (GLEN LN) – Glencore to pay $9.85m to settle zinc rigging dispute Jervois Mining (JRV AU) – Jervoi
Companies: SO4 ALS AAU CGH GLEN POW TYM CCZ JRV LYC
Anglo American (AAL LN) – Production recovery as Q2 operating levels run at 95% of normal capacity BHP (BHP LN) – Record iron ore production from W Australia and copper output from Olympic Dam Hummingbird Resources (HUM LN) – Q2/21 production grows with further gains guided for H2/21 Polymet Mining* (PLM N) – Air permit remanded by Minnesota appeals court Power Metal Resources* (POW LN) / Kavango Resources (KAV LN) – Soil sampling extends Morula Target Geochemical Anomaly to Over 18km
Companies: POM AAL BHP HUM KAV POW
Research Tree provides access to ongoing research coverage, media content and regulatory news on Power Metal Resources Plc. We currently have 177 research reports from 3 professional analysts.
Companies: Sylvania Platinum Ltd.
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
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 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
Joiners No Joiners Today. Leavers No Leavers Today. What’s cooking in the IPO kitchen? 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
Oil posted the longest stretch of weekly advances since 2015 as OPEC+ producers only modestly supply the market and as US crude supplies shrink. Crude futures rose 1.5% Friday in New York, up for a ninth straight week. President Joe Biden said Thursday night that Americans should expect high gasoline prices to continue into next year because of supply being withheld by OPEC and other foreign oil producers. Stockpiles at the biggest US storage hub are draining to levels last seen when crude pr
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
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
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
Joiners 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
Adriatic Metals (“ADT”) announced on 13th October that it has raised a cumulative US$244.5m (~£178m) via a combination of equity, senior debt and a copper stream. A total of ~49m new shares were issued at a price of GBp 1.5174/sh, which was a discount of ~11% to the 10-day WVAP price to 12th October. The main use of the proceeds is for the construction and working capital requirements of Adriatic’s fully permitted flagship Vareš project, which has a capital cost of US$168m as outlined in the Def
Companies: Adriatic Metals Plc Shs Chess Deposit Interests Repr 1 Sh
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
