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Proactive news snapshot: Bushveld Minerals Limited, Nektan PLC. Europa Metals Limited …

Time:2018-09-25 17:19Turbochargers information Click:

Proactiveinvestors Market Rep

Bushveld Minerals Limited (LON:BMN) has strengthened its grip on South African vanadium producer Vametco. Through the purchase of the stake held by Sojitz Noble Alloys, Bushveld has increased its interest in Strategic Minerals Corporation (SMC) to 100%.

Nektan PLC (LON:NKTN) shares jumped as it helped deliver record revenues for The Sun Play, the online slots site from News UK, through its Evolve white label platform.

Europa Metals Limited (LON:EUZ) has moved early to safeguard the potential full mine development of its Toral lead-zinc-copper mine in northern Spain further down the line.

Live Company Group Plc’s (LON:LVCG) subsidiary, Parallel Live Group Limited (PL), has signed a joint venture agreement with US-based firm Three Six Zero to promote BRICKLIVE events in North America.

Online merchandising, search and e-commerce personalisation provider ATTRAQT Group plc (LON:ATQT) on Thursday said it had had won a £0.64mln multi-year contract with an iconic, British luxury brand, sending its shares higher.

Eco Atlantic Oil & Gas Ltd (LON:ECO, CVE: EOG) announced that Total has now exercised its option to acquire a 25% stake in the Orinduik Block, offshore Guyana. Total joins the exploration venture alongside operator Tullow Oil plc (LON:TLW), owning 60%, and Eco which will retain a 15% interest.

Hurricane Energy PLC (LON:HUR) told investors it has now completed all offshore installation works planned for the 2018 schedule, and the Lancaster early production system remains on-track for first oil in the first half of 2019. The UK offshore oil field developer, in a statement, said that the installation of the subsea umbilical, risers and flowlines (or ‘SURF’) infrastructure had been successfully completed.

Sound Energy PLC (LON:SOU) chief executive James Parsons told investors that the explorer is now ready for its next “potentially transformational” phase of drilling. This morning, in its interim results statement, Sound detailed its operational progress onshore Morocco which in the first six months of 2018 saw the company advance its two-pronged strategy to develop existing discoveries at Tendrara whilst also undertake high impact exploration in the surrounding areas.

SIMEC Atlantis Energy Limited (LON:SAE) has unveiled the design for its new AR2000 2.0-megawatt tidal power turbine system which includes the largest and most powerful single axis turbine available on the commercial market.

Metminco Limited (LON:MNC) (ASX:MNC) has said it expects to make an announcement regarding a proposed capital raising and acquisition by Monday 17 September. As a result, the mining group said, trading in its shares on the Australian Securities Exchange were temporarily suspended from today, and the stock will also be suspended from trading on AIM with immediate effect as the acquisition target is neither a listed company nor an AIM company. In a separate statement, Metminco also announced its half-yearly report for the period June 30th 2018 showing a pre-tax loss of US$5.598mln, down from a US$30.727mln loss at the same stage in 2017 which had included a US$27.165mln asset sale loss.

Faron Pharmaceuticals Ltd (LON:FARN) boss Markku Jalkanen has told investors he is “excited” to kick off the first in-human trial of his firm’s Clevegen cancer candidate later this year.

Anglo Asian Mining Plc (LON:AAZ) is to carry out an airborne geophysical survey over its Gedabek contract area in Azerbaijan as it looks to identify a pipeline of new gold and copper targets.

Asia-focused investment vehicle Adamas Finance Asia Limited (LON:ADAM) lifted net asset value 1.5% in its latest half year. Consolidated NAV at 30 June was US$95mln, up from US$93.6mln.

Challenger Acquisitions Limited (LON:CHAL) has announced updates on its various projects, including the development of the New York Wheel and The Odyssey in Dallas. The company also announced that it has received the first £35,000 of the loan repayment from Star Sanctum ahead of the scheduled 30 September deadline.

Galileo Resources PLC (LON:GLR) shares moved up in early trading Thursday as the company said it would be increasing its stake in the Star Zinc project to 95%.

Strategic Minerals Plc (LON:SML) (USOTC:SMCDY) said that, further to its announcement on 3 September, it has now exchanged contracts to sell to ASX-listed Great Southern Mining Ltd (GSN). certain tenements identified as gold targets, currently owned by its wholly owned subsidiary, Central Australian Rare Earths Pty Ltd (CARE). The mineral company, which is actively developing projects prospective for battery materials, said it has received a non-refundable deposit of A$50,000 for the sale.

W Resources PLC (LON:WRES) said construction at its flagship La Parrilla tungsten mine in Spain is estimated to come in “on or below budget” as works continued at the project.

Kavango Resources Plc (LON:KAV) has started an airborne electromagnetic geophysical survey at its KSZ Project in southwest Botswana. Canadian firm Geotech is carrying out the VTEM survey over the Kalahari Suture Zone.

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