Potash sounds like something you’d find in a hippie’s dustbin but it’s clearly the up and coming fertiliser product, especially in Africa.
This time the tentative agreement is with an unnamed Malawian, which will take 50,000 metric tonnes a year over an initial three years.
Last week the AIM-listed trader tied up a deal for the same quantity with a Zambian fertiliser supply group.
Closer to home, Sirius Minerals (LON:SXX), which is developing a potash project in York, said its issued share capital now totals 2,216mln shares, after a number of warrants were exercised, bringing the amount raised from the converted warrants to £9.25mln.
“In our view, the warrant funds are very welcome in that they should allow the company to accelerate engineering design work that would normally be undertaken after completion of a Definitive Feasibility Study (DFS),” said Shore Capital.
Also issuing shares is Rightster (LON:RSTR), the YouTube marketing specialist. It has allotted 6.2mln shares pursuant to a £849,938 earn-out clause relating to its acquisition of VML.
The additional cash will fund due diligence and development work at the Yanfolila gold project in Mali.
The oil explorer should receive US$22.1mln within the next five business days.
The first well, Kalala S-1, intercepted more than 500 metres of shale gas with a net pay (the potentially economic portion) of 150 metres.
Also buoyed by drilling results was Northcote Energy (LON:NCT). Northcote's stock surged as the Lutcher Moore #20 well (LM #20) at the Shoats Creek field, Beauregard Parish, substantially exceeded its pre-drill expectations in multiple areas including thickness of pay-zone, oil cut and daily rates achieved during testing.
The oil minnow said it has now looked at seven projects that have the potential to generate immediate or near-term cash-flow.
Perhaps New World should talk to Trinity Exploration & Production (LON:TRIN), which has sold its 100% stake in the Gaupo-1 block for US$2.8mln as part of its retrenchment plan.
Revenues over the six months to June fell to US$31.9mln (US$58.3mln) through a combination of lower production, lower sales and a lower gold price.
There was an interim loss of US$10.3mln (profit US$7.7mln).
Egypt-focused gold explorer Alexander Nubia (CVE:AAN) has had positive exploration results recently but remains cautious on overall market conditions, it told investors in its half year report.
Exploration expenditures increased to C$803,624 in the six months to June 30 compared to C $305,875 in the same six months in 2014 as the firm spent funds from a private placing it said.
Overall, the net loss came in at C$991,763 compared to C$591,041 in 2014.
The explorer ended the half year to June with cash of C$1.42mln, enough for a year and surface exploration, including infill mapping and geochemistry, around both projects.
The company posted a loss of C$194,000 (C$755,000) in the three months to June.
A maiden resource of 3mln ounces for the project in Turkey was published last month but chief executive Glen Parsons already expects an increase to that figure, while noting increasing grades of zinc that had not been included previously.
The second rig has been mobilised to speed up drilling of the remaining holes, which is hoped to be completed this month.
Diamondcorp (LON:DCP) is on schedule to complete its first diamond sale next month.
Installation of safety measures for the underground conveyor belt system at its Lace mine is expected to be completed during September ahead of the ramp up in commercial production during the fourth quarter of this year.
In all 350 will be taken onto the phase IIb programme, which has been set up to determine the optimum amount of the drug that should be administered.
Lastly, shares in clean energy and home improvement group Entu (LON:ENTU) plummeted after it ditched its loss-making solar business and issued a profit warning for 2015.
The company estimated it will lose more than £2mln from its solar activities this year, compared to a budgeted profit contribution of £1.6mln.