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Trident Resources to be Renamed Trident Royalties is moving from the main market (standard) to AIM. Capital to be raised: £16m. Anticipated market capitalisation on Admission: approximately £20.7m. Strategy of building a diversified portfolio of royalties and streams through both primary financing transactions and secondary market acquisitions. First acquisition, a royalty over the Koolyanobbing Iron Ore Operation in Western Australia. Due 2 June.
Thor Mining* 0.375p £4m (AIM:THR)
Exclusive option to acquire 100% of the shares in American Vanadium Pty Ltd, a private Australian company, with interests in uranium and vanadium focussed projects in Colorado and Utah in the United States of America.
· Non-binding terms sheet executed providing Thor with a 30 day exclusivity period to conduct due diligence, secure necessary approvals, and execute formal agreements. · American Vanadium Pty Ltd has 100% interests in 199 contiguous claims in the Uravan Mineral Belt in south western Colorado, and 100 claims in south eastern Utah approximately 40km north of the town of Moab. · Utah claims have reported extensive historical drilling with significant intersections of both uranium & vanadium. · Colorado claims include historical Radium Mountain and Wedding Bell groups of mines with intermittent production activity over a period of more than 100 years.
Has also announced a $970k conditional strategic fundraise including participation by directors and Metal Tiger PLC. Funds raised to be devoted to exploration activities at the uranium and vanadium projects subject to this acquisition, further investment in EnviroCopper Limited with a primary objective of drill testing the gold potential at Kapunda, and follow up field work at the Pilbara project where visible gold and anomalous nickel have been encountered in early stage work and general working capital.
Rambler Metals 1.7p £22m (AIM:RMM)
Mr. Andre Booyzen, has resigned his position as President and Chief Executive Officer of the Company to pursue other opportunities and that Dr. Toby Bradbury has been newly appointed by the Board of Directors to the position of President and Chief Executive Officer, effective June 1, 2020. Mr. Booyzen, will assist with the transition of responsibilities to Dr. Bradbury. Dr. Bradbury has over 35 years of experience in positions of growing accountability in the mining sector, both in executive and advisory roles. During this period, he has a history of consistent delivery of safety improvements, operational performance improvements, and financial turnarounds at underground mines, most recently as CEO of Shanta Gold.
Further to the announcements on 7 May 2020 and 30 January 2020, the Junta de Andalucía has confirmed through the Spanish press that the mining permits for Proyecto Riotinto and are now fully validated.
Warpaint London 65.5p £50.3m (AIM:W7L)
The specialist supplier of colour cosmetics and owner of the W7 and Technic brands , has signed a contract with wilko to stock certain of the Group's products in their UK-based wilko stores.
From mid-September 2020 it is planned that approximately 100 exclusive Body Collection branded products, designed in partnership with wilko, will be stocked in 355 wilko stores and over 115 different Technic branded products will be stocked in 189 wilko stores.
Strategic Minerals 0.75p £11.0m (AIM:SML)
Further to its announcement of 2 March 2020, the appointed arbitrator has awarded its wholly owned subsidiary, Southern Minerals Group US$21.9m in damages and costs, exclusive of additional interest to be calculated as latterly described.
Savannah Resources 3p £40m (AM:SAV)
Savannah has today submitted the Environmental Impact Assessment and accompanying Mine Plan reports for its wholly owned Mina do Barroso lithium project to Agência Portuguesa do Ambiente, the Portuguese Environmental Agency. Submission of the EIA is a major milestone for Savannah as this step represents the culmination of over 18 months of work by the Company's Project team and expert, independent environmental consultants including baseline data collection, analysis, and mitigation design and planning.
Feedback 1.15p £6.2m (LON:FDBK)
Having met the stringent criteria associated with the manufacture of a medical device, it has affixed a CE Mark to Bleepa. Bleepa is Feedback's flagship imaging-based communication platform for clinicians to access medical grade images through smartphones, tablets and desktops.
AFC Energy 27.25p £129m (AIM:AFC)
Its collaboration with ACCIONA is to field trial AFC Energy's H-PowerTM fuel cell platform as part of a strategy to decarbonise construction sites in Europe and elsewhere.
· ACCIONA is one of the world's leading construction companies and a significant global energy company operating exclusively in the renewable energy sector.
· ACCIONA and AFC Energy agree to hold field tests of a containerised 160kW H-PowerTM fuel cell system at a Spanish construction site in early 2021.
· Agreement is part of a wider strategy of both companies to reduce emissions on construction sites.
· Both Hydrogen and Ammonia to be used to support comparative fuel evaluation within H-PowerTM system.
· Cost of project to be shared between the parties.
Kropz 8p £22.7m (LON:KRPZ)
The emerging African phosphate explorer and developer, has raised a total of US$ 353,595 (before expenses) by way of an equity placing with an existing investor and two directors, Robin Renwick and Mark Summers, at a price of 6.75 pence per ordinary share. In conjunction, the Company today launches an open offer to existing shareholders to raise up to a further US$ 4 million, before expenses, at the Issue Price. The proceeds of the Fundraise and the Equity Facility will be used to bring the Company's Elandsfontein phosphate project, located in South Africa, into production, and subject to funding raised, advance the new feasibility study at its Hinda project in the Republic of Congo, and for general working capital purpose.
As at 07.00, 1st June 2020, it has commenced helicopter emergency medical services on behalf of the Scottish Ambulance Service.
The Group, as the prime contract holder, and following the successful entry into service of three Airbus H145 helicopters (announced on 24th December 2018), has fully transitioned in-house all contracted operations and maintenance of the helicopter service alongside the fixed wing service that has been operated by the Group for many years.
In addition, the Group has constructed a new operating base at Inverness Airport to complement its existing bases at Glasgow and Aberdeen Airports.