American Resources Corp (NASDAQ:AREC) said its minority-held affiliate ReElement Technologies Corporation has successfully commissioned and operated its first commercial-scale germanium production column at ReElement's refining facility in Indiana.
The germanium column is the largest chromatography column ReElement currently intends to deploy across its owned facilities and future partner locations worldwide, and the company said the run demonstrates that its chromatography-based separation and purification process can operate at commercial scale.
RBC Capital Markets has started its coverage of Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN) with an Outperform rating and a 155p price target that implies upside of 55%.
The broker expects production to rise about 30% to 350,000 ounces annually by FY30, led by Tennant Creek in Australia, which it sees reaching around 100,000 ounces. EBITDA is forecast to climb to $1.2 billion by FY29.
Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF, FRA:9SU0) has reached an agreement with a Southeast Asian conglomerate to make a strategic investment in the uranium exploration company through a C$3 million non-brokered private placement.
Under the agreement, the investor will acquire 39,215,686 units at C$0.0765 per unit, representing approximately 19.7% of Standard Uranium's current outstanding shares on a non-diluted basis.
Horizon Gold Ltd (ASX:HRN, OTC:HZGLF, FRA:HO0) earlier this week reported broad, high-grade gold intersections from drilling at the Kingfisher, Hawk and Swan prospects, reinforcing the potential for further resource growth at the Gum Creek Gold Project in Western Australia.
The strongest result came from Kingfisher, where reverse circulation drilling intersected 23 metres at 5.26 g/t gold from 188 metres, including 15 metres at 7.65 g/t.
Resouro Strategic Metals Inc (TSX-V:RMS, FRA:8TX, OTC:RSGOF, ASX:RAU) has completed the first tranche of an upsized private placement, raising $1.86 million as it advances environmental work required for a preliminary feasibility study (PFS) at its flagship Tiros Titanium and Rare Earth Elements Project in Brazil.
The company increased the non-brokered placement to as much as $2.5 million following strong investor demand, up from the previously targeted $2 million. The placement comprises up to 10 million shares at $0.25 per share, compared with the original 8 million-share offer.