TRADING UPDATES: 88 Energy plans fundraise; Cobra enters next phase
25th Mar 2026 21:01
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday 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 Wednesday and not separately reported by Alliance News: Read More
Ironveld PLC - London-based mining company targeting South Africa - Provides update on the Daemaneng Minerals (Pty) Ltd-owned, dense media separation-grade magnetite processing facility in Limpopo, South Africa. Says "significant strides" are being made at the plant including the completion of commissioning and readiness activities as it prepares for ramp-up. The new generator and diesel fuel is delivered on Monday. Next steps include: connecting the new generator to the plant; a shift in focus to critical process optimisation; and the replacement of essential pipework and adjustments to the crushers, mill trommel and magnetic separation units, after which the plant is scheduled to begin processing stockpiled material through the circuit. The company is currently engaged in "advanced and developing" offtake discussions with several counterparties regarding future production. Chief Executive Officer Kris Anderson says: "The project remains on schedule and in line with our previously communicated milestones, and it is particularly encouraging that Daemaneng will be running material through the plant later this week. This marks a significant and tangible step forward in moving from preparation into early production." Read More
(Alliance News) - Ironveld PLC on Tuesday said its majority-owned subsidiary Lapon Mining Pty Ltd has entered a binding agreement to hand over operational responsibility of its Limpopo magnetite project. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Ironveld PLC on Thursday said demand for its material has exceeded expectations as it looks to transition into a revenue generative, positive cash flow business. Read More
(Alliance News) - Stock prices in Europe were lower on Thursday afternoon, with bond market worry compounded by underwhelming private sector survey readings in the UK and Europe. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Sable Exploration & Mining Ltd - Sandton-based mineral development group - Renegotiates the stalled agreement between Sable and Ironveld Holdings (Pty) Ltd, the South African subsidiary of Ironveld PLC. Ironveld has committed to fund the completion of the beneficiation plant and commissioning is expected within the next few weeks, Sable says. The plant will process, produce, market and sell dense medium separation grade magnetite. The joint venture will be structured as a 50-50 partnership between Altona Processing (Pty) Ltd, a subsidiary of Ironveld, and Sable via its unit Lapon Plant (Pty) Ltd. Magnetite production is scheduled to start this month, with the plant reaching full capacity by April. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News: Read More
Ironveld PLC - South Africa-focused mining company - Provides update regarding discussions with South Africa-based external funding partner on a direct institutional funding transaction, originally expected to close in the first half of 2024. Says has received a communication which suggests that the finance package potentially available may be substantially reduced from that original envisaged and that the formal offer of funding remains subject to further due diligence. In addition, following the recent South African elections, it is anticipated all strategic investments will await new policy decisions from decision makers yet to be appointed. Accordingly, the timeframe for securing the funding could be extended by up to four months. In light of these developments, evaluates the impacts and assesses options to address the situation. Read More
Ironveld PLC - South Africa-focused mining company - Names Swedish economist Kristoffer Andersson as its new chief executive officer. Andersson will be based at the company offices in Johannesburg, South Africa, though Ironveld didn't specify when he would start. Read More
(Alliance News) - Ironveld PLC on Wednesday said it had entered into an additional loan facility agreement with Tracarta Ltd. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Ironveld PLC - South Africa-focused mining company - Receives non-binding term sheet from a South Africa-based financial institution regarding asset-level financing of mining and smelting activities at its high-purity iron, vanadium and titanium project. Says funding would allow it to invest in all planned operations, including transition to production of high-purity iron powders. Transaction is however subject to further due diligence, with no certainty that it will be concluded. Read More
Ironveld PLC - South Africa-focused mining company - Enters into loan facility agreements with Tracarta Ltd, in which Ironveld Executive Chair John Wardle has a beneficial interest in. The deals entail Ironveld being able to draw down GBP375,000, with GBP250,000 via a 12-month extension of an existing agreement with Tricarta at an interest rate of 11% per year, plus a new GBP125,000 facility with a six-month term and an 11% interest rate with a 2.5% fee. Says the funding will be used to strengthen its working capital position. As previously notified, says it remains in discussions regarding a direct institutional funding transaction, which is currently expected to close in the first of 2024. If concluded, says it will enable Ironveld to invest in "all group operations, including transition to production of high purity iron powders." Read More
(Alliance News) - Ironveld PLC on Wednesday announced a widened loss but some operational progress in its latest year. Read More