TRADING UPDATES: Diversified Energy offers dividend alternative
15th Feb 2024 16:02
(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) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Katoro Gold PLC - London-based gold and nickel exploration and development company - Proposes hiring Sean Wade, chief executive officer of Power Metal Resources PLC, as non-executive chair. Katoro and Power Metal are joint venture partners on the Haneti Project in central Tanzania. Wade previously served in various senior mining roles including at Berkeley Energia PLC, Pensana PLC and Asia Resource Minerals PLC, and "has worked on numerous transactions in the capital markets". Former Chair Louis Coetzee will remain as executive director after Wade's appointment until a new director is appointed. He will then leave the board and company, but serve as a consultant to Katoro until July 31. Read More
Power Metal Resources PLC - exploration company focused on North America, Africa, and Australia - Confirms commencement of diamond drilling at Molopo Farms Complex Project in southwestern Botswana, where it is targeting a district-scale nickel and platinum group element discovery. Drilling targets a steeply-dipping high-priority conductor at target area T1-14 with depth of 700 to 800 metres. Company also recently completed ground audio-frequency magnetotelluric or AMT work at T1-14 and T1-9, aiming to further refine targeting at two locations along the multi-kilometre scale steeply-dipping conductor. Data allowed Power Metal to further refine targeting at T1-14 before starting drilling. 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) - Power Metal Resources PLC on Thursday said that it has raised GBP1.3 million in strategic financing through the issue of 130.0 million new shares at 1 pence each. Read More
(Alliance News) - Shares in Power Metal Resources PLC jumped on Wednesday, after the company said it had contracted drillers for the "highest priority target" at its Botswana prospect. Read More
(Alliance News) - Power Metal Resources PLC on Friday said it signed a memorandum of understanding with the Ministry of Investment of Saudi Arabia. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - The following is a round-up of earnings and trading 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
Power Metal Resources PLC - metals exploration company focused on North America, Africa, and Australia - Advances plans to drill target at T1-14 target in its Molopo Farms complex project in southwestern Botswana. It is currently negotiating a drill contract which it expects will commence in the first quarter of 2024. Chief Executive Officer Sean Wade says: "I am pleased to report further progress at Molopo, and we look forward to commencing the drilling of this high priority conductor. Molopo has been, and remains, one of our highest priority exploration opportunities, and one that we remain convinced has the potential to be a significant value driver for Power Metal." 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) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company. 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) - Power Metal Resources PLC on Wednesday said that it has identified "significant" uranium targets at the Tait Hill and Soaring Bay projects, which are in and around the Athabasca Basin in Saskatchewan, Canada. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Power Metal Resources PLC - Africa, Australia and North America-focused metals exploration and development company - Identifies high-priority drill targets at the Molopo Farms Complex in Botswana following geophysical analysis. Says target area T1-14 showed the highest potential due to the strength of the super conductor originally identified in the surveys. Says one of the targets has the potential to host massive sulphide mineralisation and has been deemed a high priority exploration target. Adds it is currently working with consultants to implement a drilling programme at T1-14. Read More
Power Metal Resources PLC - Africa, Australia and North America-focused metals exploration and development company - Recommences field exploration at 100%-owned Tati Gold project in Francistown, Botswana. 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
Power Metal Resources PLC - Metals exploration company focused on North America, Africa, and Australia - Expands Perch River uranium project in Saskatchewan, Canada. Notes that hyperspectral data analysis using satellite data on mineral reflectance conducted at Perch River identifies several helium anomalies on the project, "including the discovery of one extremely strong helium response in the centre of the project as well as several strong anomalies that previously lay north and northeast of the Project boundary." Firm secures further 1,514.8 hectares at Perch River, representing an increase of about 38% in the projects size to a total of 5,455 hectares. "The newly acquired ground covers several strong hyperspectral helium anomalies located along the same geological trend and which further overlie prospective geology," Power Metal resources explains. Read More