The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Wins a new 6-year contract for one of its large class vessels in Europe. Says that the signing of the definitive contract remains subject to no complaints being raised during the applicable standstill period. The contract is with an unnamed, offshore windfarm developer. Does not disclose the financial details of the deal. ‘We are incredibly pleased to be awarded this contract, which is a further reflection of the strong demand for our vessels. This contract also reflects our long-term commitment to the renewable energy sector, as earlier announcements confirmed our commitment towards the oil and gas sector,’ Chief Executive Mansour Al Alami comments.
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Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - Says that it has taken a forward sale position for 750 metric tonnes of copper over a 12-month period at a price of $8,330 per tonne. ‘This represents a nominal 11% of expected future copper production from the Ming mine, subject to completion of the 2023 budget,’ the company says.
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Quadrise Fuels International PLC - London-based residual oil technology licensor - Extends its exclusive global collaboration and emulsifiers sales agreement with Nouryon BV. The agreement will run for a further three years to October 2025. ‘We are delighted to have extended our long-standing and successful collaboration with Nouryon for a further three years. This extension reinforces the commitment of both parties to commercialising Quadrise’s proprietary fuels and biofuels, providing more sustainable and economical solutions for the energy and marine sectors,’ Chief Executive Jason Miles comments.
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Technology Minerals PLC - London-based company focused on creating a circular economy for battery metals - Says the field exploration work is advancing on schedule at its North-West Leinster Lithium project in Ireland. Says that a total of 46 rock samples and 233 deep overburden samples along with 13 QAQC samples have been collected to-date and submitted to ALS Laboratories for analysis. Continues with deep overburden sampling and prospecting. This work is being carried out to help determine specific areas for follow up drilling, it says.
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Vaalco Energy Inc - Houston, Texas-based hydrocarbon explorer - Appoints Thor Pruckl as chief operating officer. He has over 30 years of international and domestic development, exploration, production and midstream experience in both onshore and offshore energy operations, the company says.
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Orcadian Energy PLC - North Sea focused oil and gas development company - Says its P2244 licence will now expire at the end of November 2023 following an extension. Says it will work towards a potential development decision on the pilot field, which has audited proven and probable reserves of 79 million barrels. Says the extension will enable it to progress this work.
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Firering Strategic Minerals PLC - operator of Atex dual lithium-tantalum project in Ivory Coast - Gets the first set of assay results from its maiden scout diamond drill programme at its flagship Atex Lithium-Tantalum project in Cote d’Ivoire in West Africa. Hails positive results from drilling. Says these confirm Atex’s standing as the first ‘potentially significant lithium exploration project in Cote d’Ivoire.’ ‘These first assay results from our scout drilling at Atex show the first significant intercepts, including 64m, grading 1.24% lithium oxide. This is exceptional and amongst the best intercepts recently reported by our global peers and confirm the presence of lithium in our pegmatite system. We look forward to announcing the remaining assay results in the coming weeks, in particular the results for holes 18 and 19 for which we previously announced significant pegmatite intercepts with visible spodumene,’ Chief Executive Yuval Cohen says.
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Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Confirms a ‘significant’ shallow clay-hosted rare earth element discovery at its BHA project’s East Zone up to 2,410 parts per million total rare earth oxide, with high-value Magnet rare earth oxides representing up to 29.9% of the grade. ‘With global demand for REEs on an upward trajectory, the board is delighted the assays confirm a new shallow clay hosted REE discovery within the BHA project’s East Zone,’ Chair Ged Hall comments. ‘This is a game-changing event for the group, as exploration efforts moving forward are going to focus on extending known REE mineralisation, especially at the Fence Gossan and Iron Blow Prospects in due course.’
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Pure Gold Mining Inc - Vancouver-based gold mining company focused on Canada - Expects to release a pre-feasibility study technical report for its PureGold mine in the fourth quarter of 2022 as has been previously disclosed. Continues to evaluate several alternatives to advance an updated Life-of-mine Plan for the mine.
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Rockpool Acquisitions PLC - Belfast-based acquisition vehicle - Proposes the acquisition of Amcomri Group Ltd, a holding company of engineering and manufacturing businesses. If it is completed, it will constitute a reverse takeover. Requests the suspension of its shares as a result. Its share were suspended immediately. ‘I am delighted that we are able to announce the potential acquisition of Amcomri which is intended to see Rockpool transform from a SPAC into a profitable trading enterprise,’ Co-Founder & Non-Executive Director Mike Irvine says.
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