Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Location Sciences Group PLC - Cheltenham, England-based location data optimisation and transparency platform - Enters unsecured term loan facility agreement with special purpose holding company named as Bidco 3 Ltd, for up to £3.0 million. It may use the loan in one or more tranches for a minimum of £500,000 per tranche. Facility will be used to provide company with general working capital. Borrowings will accrue interest daily at 1.5% per month, with repayment due on January 31, 2026.
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Atlantic Lithium Ltd - Africa-focused lithium explorer and developer - Announces completion of Stage 1 of its competitive offtake partnering process to secure funding for a portion of the remaining 50% available feedstock from its Ewoyaa Lithium Project in Ghana. Moves to Stage 2 of the process, involving ‘more detailed’ due diligence. Executive Chair Neil Herbert says company received non-binding indicative offers during Stage 1, and can now move forward ‘with a number of preferred parties’.
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Blencowe Resources PLC - Developer of Orom-Cross graphite project in Uganda - Reports receipt of $1 million second tranche payment from the United States International Development Finance Corp, or 20% of the full $5 million DFC grant to be utilised for Orom-Cross definitive feasibility study costs. Company has received $2 million to date since funding agreement was signed in 2023. The DFC disbursed the tranche upon completion of ‘several key goals’ such as all spheronised purified graphite test work and the mining of a further 600 tonne bulk sample. Says SPG results indicate that Orom-Cross graphite can be purified up to a 99.995% product, meaning the graphite’s quality would be ‘at the very highest level’. Company is ‘well on its way’ to completing necessary milestones for accessing another $1 million.
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Starwood European Real Estate Finance Ltd - Guernsey-based investor managing high quality senior and mezzanine real estate debt in the UK and Europe - Confirms 1.88 pence per share dividend for the fourth quarter that ended on December 31, bringing its total 2023 dividend to 6.0p per share. This is 0.5p higher than its original target, although target for 2024 remains at 5.5p. Net asset value at December 31 is 104.35p per share, slightly down from 104.46p at September 30. Says portfolio has an average remaining loan term of 1.4 years. Says £48.8 million in total has been repaid across seven investments during the period, including full repayment of three loans and four partial repayments. Adds that its loan book is performing broadly in line with expectations despite a challenging macro environment.
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Karelian Diamond Resources PLC - Finland-focused exploration company - Finnish Safety & Chemicals Agency notifies Karelian of granting of an extension for the maximum further three years allowed to its exploration permits Riihivaara 26, Riihivaara 24, 24a and 24b in the Kuhmo region of Eastern Finland. This allows Karelian to ‘continue and extend its exploration programme in this highly prospective area of Finland’.
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Arc Minerals Ltd - Africa-focused copper company - Announces results from recent scout drilling campaign at its Virgo Project within the Kalahari Copper Belt in Botswana. Says copper mineralisation and anomalism intersected, with up to 3.65% copper and 24 grams per tonne silver assayed over the individual sampled interval. Executive Chair Nick Von Schirnding says it is ‘extremely encouraging to see significant mineralisation intersected close to the boundary of our licenses by Khoemacau that bodes well for our follow-up exploration campaign.’
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