Caledonia Mining Corporattion plc’s profit recovery in 2024 comes ahead of two major catalysts due shortly, says broker Liberum.
" 64%-owned Blanket gold mine’s good start has continued into the current period (further evidence of a sustainable turnaround): in April, 8.0koz (100% basis) was produced, resulting in operations generating US$7.1 million that month (before working capital and tax)."
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) has told investors that deposing the company’s current board would remove “critical sector and business knowledge, intellectual property and relationships”.
Moreover, Tirupati’s management – in a statement responding to a requisition to replace the board – said that the proposed new team has “neither the sector skills nor experience to navigate the complex and specialist graphite sector”.
Analysts at broker Liberum reiterated its buy rating on Ilika PLC (AIM:IKA, OTCQX:ILIKF) shares, highlighting the group’s £3.4 million capital raise to support the advancement of its Goliath solid-state battery (SSB) projects.
This initiative aims to expand the target capacity from 0.5 to 1.5 MWh/a, enabling the company to scale production volumes and refine its technology.
Foresight Solar Fund Ltd (LSE:FSFL) said it has agreed a framework with Chelion Iberia, a battery engineering, financing and integration firm, to progress development-stage BESS projects in Spain.
The deal increases the company's pipeline while requiring no upfront investment and only modest development capital to take opportunities to ready-to-build status over the coming years.
Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) has confirmed it is in discussions with a "number of parties" regarding the potential sale of its CoalSwitch technology that allows lumber waste to be burned cleanly and effectively for power.
"To date, discussions have resulted in a number of proposals being received by Active Energy and these are being considered by the board," investors were told.
Internet solutions provider Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF)’s earning-centric growth strategy was on full display in the first quarter of 2024.
Organic revenues grew by 8% year on year, while operating profit increased by 44% to $11.1 million and profit before tax flew 65% higher to $7.1 million.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL)’s underlying profits more than trebled in its latest quarter due to higher gold prices and lower production costs at the Blanket gold mine in Zimbabwe.
Gross profit rose to US$13.8 million (Q1 2023: $5.8 million) as gold revenue rose to US$38.5 million while sustained costs (AISC) dropped to US$1,296 an ounce from US$1,412.
NetScientific PLC (AIM:NSCI), the AIM-listed venture capital and corporate finance firm, has announced significant strategic moves with Martlet Capital, including appointing its subsidiary, EMV Capital, as the investment manager of Martlet's £23.3 million investment portfolio.
EMV has also acquired Martlet's operational venture capital business in a separate transaction, positioning itself for increased influence in the Cambridge tech cluster.