EARNINGS: MGC Pharmaceuticals loss widens, Codex eyes acquisitions
29th Sep 2023 12:26
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday 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 Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Celsius Resources Ltd on Monday said that while it remains in "positive dialogue" with the Philippine Department of Natural Resources, it has not yet received the mineral production sharing agreement for its copper-gold project. Read More
(Alliance News) - Celsius Resources Ltd on Tuesday said its Philippines subsidiary Makilala Mining Co Inc received approval of its feasibility study for the Maalinao-Caigutan-Biyog copper-gold project in the Philippines. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Celsius Resources Ltd - West Perth, Australia-based explorer for copper and gold in Philippines and cobalt in Namibia - Believes Silvercorp Metals Inc is unlikely to make a new takeover offer for Celsius, so it is exploring potential offers from other suitors. Back in May, Celsius had agreed to an offer from Silvercorp worth GBP0.016 per share. The offer was mostly in Silvercorp shares but was worth double the price of 0.8 pence at which Celsius had listed on AIM in London in January this year. However, following discussions with its shareholders, Celsius went back to Silvercorp asking for a higher price. "Silvercorp has not engaged with Celsius in such discussions," it says on Friday. Celsius says it hasn't received formal notice from Silvercorp that it is terminating the takeover, but Silvercorp has announced that no negotiations are taking place and also has sold Celsius shares. Exclusivity obligations have since expired, "allowing the Celsius board to openly and immediately consider previously received and new approaches from third parties", Celsius says. Read More
(Alliance News) - Celsius Resources Ltd on Monday said it was issued a two-year exploration permit for its Botilao copper-gold project by the Philippine Mines & Geosciences Bureau. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Says it has substantially completed negotiations with Silvercorp Metals Inc regarding the legally binding agreements for the scheme and demerger. Following feedback from shareholders, Celsius has sought to advance discussions with Silvercorp regarding key commercial aspects of the transaction. The period of exclusivity under the term sheet has expired, but Celsius says it "remains committed to advancing the discussions with Silvercorp" and to execute binding agreements. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Says its Philippine subsidiary Makilala Mining Co Inc has been issued a certificate of approval for its flagship Maalinao-Caigutan-Biyog copper-gold project. MCB is located in the Cordillera Administrative Region north of Manila. Certificate covers Makilala's Environmental Protection & Enhancement Program and Final Mine Rehabilitation &/or Decommissioning Plan. Its conditions include establishing a guarantee funding mechanism to ensure satisfactory compliance with the plans' commitments. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Further to announcement on May 15, company says it has extended period of exclusivity signed with Silvercorp Metals Inc to July 31. Explains delays have largely been attributed to the parties dealing with the various legal jurisdictions where they are listing and currently operate. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Says its Philippine subsidiary Makilala Mining Co Inc will explore the second tenement of the Botilao copper-gold prospect. Adds that this will give potential to extend the operation mine life of the area. Read More
(Alliance News) - Celsius Resources Ltd on Tuesday said it has agreed to extend its exclusivity period with Silvercorp Metals Inc, a month after Silvercorp agreed to buy the company. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Says Philippine subsidiary Makilala Mining Co Inc has received an environmental compliance certificate for the development of its flagship Maalinao-Caigutan-Biyog project. MCB is located in the Cordillera region, 320 kilometres north of Manila. The certificate signifies that MMCI has completed an environmental impact assessment and is committed to implementing a government-approved plan to mitigate MCB's environmental, cultural and social impacts. MMCI now can work towards a mineral production sharing agreement with the Philippine government, allowing the development and operation of MCB. Read More
(Alliance News) - Celsius Resources Ltd on Monday said Silvercorp Metals Inc has agreed to buy it, in exchange for Silvercorp shares, with Celsius shareholders set to receive shares in a new exploration company if the acquisition proceeds. Read More
(Alliance News) - Celsius Resources Ltd on Friday said that it intends to cancel an agreement with Lind Global Fund II LP, a fund managed by The Lind Partners, after repaying an advance payment credit. Read More
Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Provides review of activities in quarter to March 31. Reports substantial progress on key activities to develop the MCB copper-gold project. This includes undertaking various studies in preparation for hydrogeological and geotechnical drilling, receiving further shallow high-grade copper-gold assay results and securing initial binding deed and agreement with local partners. Also notes additional desktop studies to update the geologic and mineralisation models for the Sagay copper-gold project. States closing cash balance at March 31 was USD3.1 million. Read More
Celsius Resources Ltd - copper-gold exploration and development in the Philippines, Namibia and Australia - Non-Executive Chair Julito Sarmiento becomes executive chair, while Executive Director Peter Hume has also become managing director and appoints Attilenore Manero to the board as executive sustainability director. All board changes are effective immediately. Manero previously served on the board from February 2021 to September 2021, before becoming community relations manager in the Phillipines. Says Manero's position will be a "more active role" in overseeing environmental, social and governance and community elements, alongside various regulatory related approvals for its flagship assets in the Philippines. Read More
(Alliance News) - Celsius Resources Ltd on Monday said it has signed an agreement to put in place the required 60% local ownership of its mining project in the Philippines. Read More
Celsius Resources Ltd - copper-gold exploration and development in the Philippines, Namibia and Australia - Requests an immediate halt to trading in its shares on the Australian Securities Exchange in Sydney, saying it will make an announcement regarding a local partner for the Maalinao-Caigutan-Biyog project in the Philippines. Celsius current owns 100% of the copper-gold project. Says it has asked for trading halt to remain until the earlier of the announcement or Wednesday next week. Celsius shares continue to trade on AIM in London. Read More