logo-loader

Proactive news snapshot: Lionsgold, ECR Minerals, Echo Energy, Powerhouse Energy …

Published: 00:40 14 Apr 2018 AEST

Newspapers

Lionsgold Limited (LON:LION) was a notable share riser in mid-morning with shares advancing over 14% to 2.62p after it made an offer to acquire all of the Goldbloc digital currency  The company currently owns 55% of Goldbloc owner TRAC Technology and it has now made a £1.35mln share-for-share offer to the remaining shareholders.

ECR Minerals PLC (LON:ECR) said it has seen positive geochemical results and has begun a drilling programme at the Bung Bong gold prospect at its Avoca tenement in Victoria. The AIM-listed gold miner said geochemical results and geological observations at Bung Bong indicated several fault-related quartz and quartz spurs to test as potential high-volume targets for gold mineralisation at the surface.

Echo Energy Plc (LON:ECHO) told investors that it has successfully brought gas to surface following the well workover of a three well programme at the Fracción D asset, onshore Argentina. The existing well, tagged CSo-85, perforated a previously untapped gas reservoir which flowed to surface without any further intervention. Gas flows from the reservoir are estimated at 2mln cubic feet per day.

PowerHouse Energy Group PLC (LON:PHE) has received details of the planned roll-out of its hydrogen-from-waste technology from partner Waste2Tricity. Using Powerhouse’s DMG-Core system at its heart, Waste2Tricity will target 100 installations in the UK and even more in Europe.

Real Good Food PLC (LON:RGD) has agreed to sell Garrett Ingredients Limited to food ingredients company Kent Foods Limited for £1.8mln.The disposal of the dairy and bakery ingredients supplier is part of Real Good Food’s efforts to turnaround the company following a series of profit warnings.

Live Company Group Plc (LON:LVCG) has raised £350,000 from an existing institutional investor to support its new BRICKLIVE Touring division.

Energy metals group Savannah Resources Plc (LON: SAV) is set for a busy year, as it fast-tracks its Mina do Barroso lithium project in Portugal into production. "There is an unprecedented rise in demand for energy metals because of the rapid rise of electric vehicles and new forms of energy storage," David Archer, the group's chief executive, told investors in the company's results.

Amur Minerals Corporation (LON:AMC) has announced the completion and the full restock and mobilisation of all machinery, spares and supplies for the 2018 field season on its Kun-Manie project in the Far East of Russia.

Mkango Resources Limited (LON:MKA) (TSX:MKA) is well-positioned to progress the feasibility and development phases of its Songwe Hill rare-earths prospect in Malawi, according to a management discussion and analysis report for the year ended December 31, published on its website Friday.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

10 hours, 34 minutes ago