Gem Resources has wrapped up its first emerald sales from its South African mine, pulling in $57,000 and edging towards operational breakeven. The company says market conditions are tough, but it's optimistic about scaling up and boosting margins.
Sunda Energy has secured funding and a farm-in deal for its Chuditch-2 well, cutting its drilling costs from 80% to 30%. It’s now lining up a rig and expects drilling to begin later this year.
Rome Resources is restarting drilling in the DRC within days after local conflict paused operations. Two assay results are pending, with a maiden resource estimate due by May.
Supermarket Income REIT has struck a £403 million joint venture with Blue Owl Capital, selling eight grocery assets at a premium. The deal helps cut debt and could grow to a £1 billion portfolio over time.
Chill Brands has raised £1 million through convertible notes to fund new rechargeable vape products. The company expects to complete its overdue audit and publish financial results by mid-May, aiming to lift the suspension of its shares.
