Emmerson’s best-in-class Khemisset MOP (Muriate of Potash) project in stable, mining-friendly Morocco has had its credentials franked even more by the recent shortages of fertiliser.
Khemisset’s myriad advantages should result in highly competitive delivered costs to Atlantic Corridor markets and superior returns.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) was handed a ‘buy’ rating by investment bank Liberum following last month’s results from its pre-feasibility study (PFS) on its Ewoyaa spodumene project in Ghana.
Liberum dished out a 46.0p target price for the lithium-focussed explorer and developer, representing an almost 25% premium to its Thursday afternoon value of 37.0p. Its shares were up 4.5% on the day.
Caledonia Mining Corporation PLC is the “pick of the African golds sector”, said analysts at Liberum, which held its buy rating on the stock with a target price of 1,319p.
In July, the Zimbabwe-focused mining company announced the conditional acquisition of the Bilboes gold project which could prove “potentially transformative”.
Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) jumped 11% after it inked an exclusive collaboration deal with Magna International (TSX:MG), the Canadian auto parts maker, which brings with it US$65mln of investment.
The pair have agreed to jointly develop and co-market a driver and occupant monitoring system based on Seeing Machines’ AI-based eye-tracking technology.
Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) jumped 11% after it inked an exclusive collaboration deal with Magna International (TSX:MG) (Magna International (TSX:MG)), the Canadian auto parts maker, which brings with it US$65mln of investment.
The pair have agreed to jointly develop and co-market a driver and occupant monitoring system based on Seeing Machines’ AI-based eye-tracking technology.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF)’s acquisition of Mogale Gold Proprietary and Mintails SA Soweto Cluster from Mintails SA is a “significant step forward” for the group’s medium-term growth profile, according to broker Peel Hunt.
The deal, which was closed today, will see Pan African Resources paying R50mln (approximately US$2.8mln) for the company.
Jefferies reckons ANGLE PLC (AIM:AGL, OTCQX:ANPCY) is primed for commercialisation and has a cash runway that takes it well into 2024.
In a note, the bank, which is well regarded in the healthcare space, said shares in the diagnostics specialist were worth 170p each. Its ‘upside scenario’ is 365p, and the ‘downside scenario’ is 55p.
Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) said its chief executive Jeremy Skillington has bought 718,733 shares in the drug developer for 4.78p each.
Investors view share purchases of this kind favourably as they are seen as aligning management and shareholders’ interests with the former viewed as having ‘skin in the game’.
Mila Resources PLC (LSE:MILA) has raised approximately £696,000 through a placing at 3p per share plus a warrant.
The funds raised will be used for further exploration of the Kathleen Valley gold project in Western Australia and in particular to complete 2,400 metres (m) of drilling in addition to environmental and heritage works.
Pan African Resources has closed the transaction to acquire Mogale Gold Proprietary and Mintails SA Soweto Cluster from Mintails SA.
The purchase cost was R50mln (approximately US$2.8mln), said the South Africa-based gold miner.
Chaarat Gold Holdings Ltd (AIM:CGH) announced, in a statement, the extension of secured convertible loan notes from 31 October 2022 to 31 July 2023, after the company received consent from note holders.
Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) formally declared a fourth quarter interim dividend, 1.625p per share, which will be paid to shareholders on 25 November (ex-div date 13 October, record date 14 October).
Tower Resources PLC (AIM:TRP) told investors that it will give a presentation at Africa Oil Week Conference held in Cape Town, and, it is making available copies of the presentations for download from its website.