Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) has spent £40.9 million on new grocery properties, including a large Tesco in Northern Ireland and ten Sainsbury’s convenience stores. The purchases are expected to boost earnings and extend lease terms as the company reinvests proceeds from its Blue Owl Capital partnership.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF)) has upgraded its Phalaborwa resource in South Africa to include yttrium, a key heavy rare earth under Chinese export controls. The company says demand is rising fast, and the update confirms Phalaborwa as a major near-term source of strategic rare earths for Western supply chains.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) posted a 52% rise in quarterly revenue to $71.4 million, helped by higher gold prices and stronger sales. Profit and free cash flow surged at the Blanket Mine in Zimbabwe, and the company declared a quarterly dividend of 14 cents a share.
MP Evans Group PLC (AIM:MPE) says strong palm oil and kernel prices are set to lift full-year revenue and profit. The Indonesia-focused producer reported record crop volumes and solid cash generation, clearing all outstanding loans in the process.
Buccaneer Energy Plc (AIM:BUCE) says its Allar #1 well in Texas reached target depth but didn’t hit commercial hydrocarbons. The well will be plugged, with drilling now moving to the nearby Fouke #4 prospect within the Pine Mills Field.
Follow us and subscribe on YouTube, our social channels and on proactiveinvestors.co.uk.
