Aura Energy* (AURA LN) – Completion of gravity survey at Tasiast South and confirmation of water-well drilling at Tiris
Bacanora Lithium (BCN LN) – Ganfeng recommended cash offer update
Caerus Mineral Resources (CMRS LN) – Trouli to be first project for the joint-venture with Bezant Resources
Eurasia Mining* (EUA LN) – Nyud progress update
Kodal Minerals* (KOD LN) – Final results highlight strong progress at Bougouni
Polymetal (POLY LN) –Iincrease to capex forecasts due to inflation fears
Companies: AEE BCN CMRS EUA KOD POLY
Bacanora Lithium (BCN LN) – Ganfeng offer deadline extension
Bluejay Mining* (JAY LN) - BUY - Valuation 37.7p – Ilmenite prices set to rise higher on suspension of Sierra Rutile mine
Glencore (GLEN) – Glencore H1 production and full-year outlook mixed in the face of Covid19
Lucara Diamonds (LUC CN) – Karowe yields a 393 carat white diamond
Sibanye-Stillwater (SSW JSE) - Sibanye to buy French nickel facility for €65m from Eramet
Companies: LUC BCN JAY GLEN SSW
Bacanora Lithium (BCN LN) – Bacanora grants extension to Ganfeng offer
Cora Gold (CORA LN) – £3.1m placing
Kavango Resources (KAV LN) – Copper-silver targets identified on KCB licenses
Nordgold – Expecting to list in London capitalising on strong gold price environment.
OreCorp (ORR AU) – The cabinet approves Nyanzaga SML
Premier African Minerals* (PREM LN) – £1m placing to fund Zulu feasibility study
Pan African Resources (PAF LN) – Renewal of Barberton's Mining Licence
Companies: BCN CORA KAV PAF PREM TYM ORR
Arkle Resources* (ARK LN) – Multiple gold intersections in first hole of the new campaign at Mine River project
Alba Mineral Resources (ALBA LN) – Phase-2 underground drilling commences at Clogau
Bacanora Lithium (BCN LN) – Sonora Lithium Project update
Bluejay Mining* (JAY LN) - BUY - Valuation 37.7p – New Minister for Mineral Resources reaffirms government support for Mineral Strategy 2020-2024
BlueRock Diamonds (BRD LN) – Contractor puts £1.61m into Bluerock
Companies: ALBA ARK BCN BRD JAY
Bacanora Lithium (BCN LN) – Potential offer from Ganfeng
Lucara Diamonds (LUC CN) – Reports healthiest diamond market for 5 years
Pasofino Gold (VEIN CN) – C$9m equity raise
Power Metal Resources* (POW LN) – New corporate presentation
Rambler Metals and Mining* (RMM LN) – 2021 Q1 results and progress of recovery plan
Rio Tinto (RIO LN) – Battery-grade lithium produced at California plant
Companies: LUC VEIN BCN POW RMM RIO
Bacanora Lithium (BNC LN) has fulfilled its funding requirements for the Sonora project in Mexico and is on its way to being a major lithium producer. With equity raises totalling US$96m in the form of a placing after which BCN’s strategic partner opted to exercise its pre-emptive rights and then increase its stake to 28.8%. The support from investors and Ganfeng Lithium, one of the world’s top lithium producers, is a major validation of the project and confirms our long-held view that Sonora wo
Companies: Bacanora Lithium Plc
Bacanora Lithium (BCN LN) has announced the start of initial site works following the funding to secure the equity component of the project financing last week which in combination with the existing debt facility satisfies BCN’s requirement to fund its share of the 50/50 JV for Sonora. This is a key moment for the company as it moves into the next phase of development. With funding now derisked the stock becomes a more attractive play on lithium prices and sentiment in the sector, in our view, n
Bacanora Lithium (BCN LN) has announced a follow up to the US$65m financing with Ganfeng Lithium exercising its pre-emptive rights and increasing its position to 28.8% meaning that it remains BCN’s largest shareholder. In order to do this Ganfeng will subscribe for 53.3mn shares at the deal price of 45p/sh. which indicates US$31m taking the total funding in this deal to US$96m and the shares outstanding for the company to 384.1mn. The completion of Ganfeng’s investment remains contingent on cert
Bacanora Lithium (BCN LN) has announced a successful US$65m fundraise which will take the company through to production in 2023 fulfilling its funding obligations as a 50/50 JV partner in full and in conjunction with the RK Facility of US$150m. The funding was raised at a price of 45p/sh. and included a component from retail investors of c.US$3mn.
Bacanora Lithium (BCN LN) has announced that a new JV partnership with Ganfeng Lithium has now been signed following the earlier exercise of the option and the announcement is in line with previous statements. It takes Ganfeng’s project level interest from 22.5% to 50% along with the injection of £21.88m into the topco for 73.96m shares. The funds will advance project development and the new structure as we previously have written at the time of the option exercise substantially reduces BCN’s ob
Companies: Bacanora Lithium Plc (BCN:LON)Prime Mining Corp. (PRYM:TSX)
Altus Strategies* (ALS LN) – BUY, 132p – Updated Diba PEA using stronger metallurgical recoveries lifts project NPV to $140m | Anglo American (AAL LN) – De Beers reports steady rough diamond sales demand while cautioning on continuing Covid19 risks | Bacanora Lithium (BCN LN) – Mexico presses ahead with plans to nationalise lithium industry | Botswana Diamonds (BOD LN) – Drilling underway at Thorny River and Marsfontein | IronRidge Resources* (IRR LN) – IronRidge renews gold licenses in Chad | K
Companies: ALS AAL BCN BOD IRR KAZ
Research Tree provides access to ongoing research coverage, media content and regulatory news on Bacanora Lithium Plc.
We currently have 115 research reports from 6
The forthcoming UN Climate Change Conference (known as COP26) should result in an acceleration of governments’ actions to reduce CO2 emissions. This will result in an acceleration of customer end-user adoption rates which would be positive for AFC Energy which is developing zero-emission solutions for the EV-charging, construction, data centre and marine markets.
Companies: AFC Energy plc
Companies: SigmaRoc Plc
Longspur Research and Radnor Capital Partners have launched the Active Net Zero Clean Energy Index to allow investors to measure the performance of companies actively enabling climate solutions.The key emphasis is on the word “active”. This pan-European index eliminates greenwashing by penalising fossil fuel activities and focuses on actual achievement and positive contribution, rather than promises for the future. Our proprietary selection methodology is systematic, rules based and quantifiable
Companies: DRX ITM PHE SAE SIT STRLNG VLS
We see the UK Government’s Net Zero Strategy as being overall helpful but not especially definitive. Amongst our coverage group, Drax Group (DRX LN) and Velocys (VLS LN) benefit from the Humberside CCS cluster prioritisation and Velocys from SAF support. The amount of renewables is likely to boost the need for flexibility solutions where Drax, Gore Street (GSF LN) and SIMEC Atlantis (SAE LN) can benefit. Hydrogen companies ITM (ITM LN) and Powerhouse Energy (PHE LN) are likely to find support. T
Companies: ADN DRX GSF ITM NESF PHE SAE SIT STRLNG TLG VLS
Oil posted the longest stretch of weekly advances since 2015 as OPEC+ producers only modestly supply the market and as US crude supplies shrink.
Crude futures rose 1.5% Friday in New York, up for a ninth straight week. President Joe Biden said Thursday night that Americans should expect high gasoline prices to continue into next year because of supply being withheld by OPEC and other foreign oil producers. Stockpiles at the biggest US storage hub are draining to levels last seen when crude pr
Companies: FO 88E DEC EME GTC TRIN UOG WEN
The group continues to experience strong underlying market conditions, with some supply chain shortages and transport constraints causing price rises. These issues are not expected to improve in the short term, but the group is confident of progress and results are anticipated to be in line with expectations. No change to forecasts. We retain our price target of 315p, which still offers good upside despite the strong outperformance by the shares over the year. The shares remain attractive on a s
Companies: Alumasc Group plc
Tungsten West (TUN.L) has joined AIM. Tungsten West is the 100% owner and operator of the historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon. Hemerdon represents the world's third largest tungsten mineral resource, with a JORC (2012) compliant Mineral Resource Estimate of approximately 325Mt at 0.12 WO3. Capital raised on Admission: £39m. Anticipated Mkt Cap: £106.2m.
Future Metals NL (ASX:FME, FME.L) (formerly named Red Emperor Resources NL) had joined AIM
Companies: SOLI RBD ALU ATQT BBI CWR DRV ORCP WATR
Strix has announced the commercial launch of two products Aurora, an appliance that dispenses instant hot and chilled water, and Dual Flo, a product with the usual characteristics of kettle but is able to deliver a single cup of boiling water. Both products fit with Strix’s sustainability strategy by saving water, energy, reducing the overall impact on the environment and bringing tangible benefits to consumers. The announcement is evidence of the organic growth strategy outlined at the Capital
Companies: Strix Group PLC
ITM Power is leading the world in PEM electrolyser manufacturing, and we believe it can use this to build sustainable advantage and grow market share in a rapidly growing hydrogen economy. The company is funded to add capacity and over time this should enable ITM to keep up with market growth to maintain a strong market share. The product is itself world leading which again creates competitive advantage. Demand itself appears secure with the IEA suggesting a major supply deficit by 2030. We init
Companies: ITM Power PLC
No Joiners Today
No Leavers Today
What’s cooking in the IPO kitchen?
Arrow Exploration Corp. (AIM: AXL ; TSXV: AXL) , the oil and gas exploration and production company, has conditionally raised approximately £8.8m and is due to complete its dual listing on AIM on 25 Oct. Market cap c£13.1m.
Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz.
Companies: ZYT CIC DMTR GILD LMS MMAG PYC SMRT SBI
LTHM announced the acquisition of the entire share capital of Sarcon (No 155) Ltd (“Sarcon”) and its subsidiary companies for ~£4.0m +/- a net asset adjustment.
Companies: James Latham Plc
eEnergy has increased its ownership of eEnergy Insights Ltd (EIL) from 37.5% to 51%. EIL is the entity holding the Group’s MY ZeERO smart metering and analytics platform, which we consider an important differentiator for the Group. EIL has completed the development of its next generation of intelligent smart meters, which are now ready for commercial launch. eEnergy has placed an order for a number of these meters, which are expected to be rolled out in the coming months. Management is said to b
Companies: eEnergy Group PLC
Arrow Exploration Corp. (AIM:AXL; TSXV:AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, has joined AIM, alongside a fundraise of approximately £8.8m.
No Leavers Today
What’s cooking in the IPO kitchen?
ATOM headquartered in Leeds, focussed on the large-scale production of green hydrogen and ammonia intends to join AIM towards the end of the year. ATOME intends to be spun-out from AIM-listed President Energy Plc, an oil and gas com
Companies: SPA ECR KP2 SAR SYM
Companies: DeepMatter Group Plc