TRADING UPDATES: Develop North net asset value down amid rising rates
28th Mar 2024 10:28
(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Beowulf Mining PLC - minerals and metals exploration company with operations in the Nordics including the Kallak iron ore asset in northern Sweden - Says that its planned consolidation of 100% ownership of Vardar Minerals Ltd has been delayed due to an unspecified "administrative issue". The transaction was expected to close on Friday, but the company now says that completion will take an additional two weeks. Vardar is a Balkans-focused exploration company in which Beowulf currently holds a 61% stake. Beowulf previously said that the consolidation would provide it with "full control and flexibility to drive the development of Vardar", as well as its exploration portfolio in Kosovo. Read More
(Alliance News) - Beowulf Mining PLC on Thursday announced a conditional offer for subscription of new ordinary shares to repay financing arrangements and corporate costs. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday, Wednesday and Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Beowulf Mining PLC on Monday, alongside its Finnish subsidiary Grafintec Oy, celebrated the renewal of an advance site reservation in the GigaVaasa area, where it plans to build a plant. Read More
Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Says intends to undertake capital raise to advance Kallak iron ore project in northern Sweden, the graphite anode materials plant in Finland, and for general corporate purposes. Aims to raise about SEK100 million, around GBP7.5 million via retail offer of shares. Further, a rights issue will be for about SEK80 million before deduction for costs. Main reason for intended fundraise is to complete the ongoing pre-feasibility study and environmental studies in preparation for the environmental impact assessment and application for environmental permit for Kallak. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London closed largely up on Monday, getting some impetus from bullish trade in New York at the end of last week and for now overlooking interest rate worries. Read More
(Alliance News) - Beowulf Mining PLC received an endorsement from the Swedish government on Monday, as it declared the company's planned Kallak operations a matter of "national interest". Read More
Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Provides update for the graphite anode materials plant in the GigaVaasa area. Updates strategy to fast-track full GAMP process to capture more of the anode material production value-chain and provide greater supply-chain security following the export controls imposed by China on graphite materials in December 2023. Explains graphite concentrate will initially be sourced from third parties but ultimately the intention is to develop own deposits in Finland where preliminary metallurgical test-work has returned very encouraging results. Says enhanced pre-feasibility study on the full GAMP process is expected to be concluded during 2024. Chief Executive Ed Bowie comments: "This updated strategy builds on the PFS completed last year and, through capturing more of the value-chain, is expected to improve the already excellent economics." Read More
Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Consolidated loss narrows to GBP586,127 in the third quarter that ended September 30 from GBP593,178 a year prior, as finance charges fall to effectively none from GBP146,120. This was the result of a bridging loan being repaid in the first quarter of 2023. The company does not generate revenue. Looking ahead, Beowulf is focused on Kosovo, where Vardar Minerals completed "critical" baseline mapping and sampling on Beowulf's Shala licenses. Chief Executive Ed Bowie explains: "The area contains kilometre-scale hydrothermal alteration systems with significant base and precious metal content identified in soils and grab samples. Follow-up work including detailed mapping, infill sampling and drone magnetic surveys, are helping to better define future drill targets." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Shares in Beowulf Mining PLC on Tuesday leapt after reporting a positive update at its Kallak iron ore project. Read More