Shares in mining major Glencore PLC (LSE:GLEN) were up almost 4% in early trading after it said it was acquiring a 77% stake in Elk Valley Resources (EVR), the steelmaking coal division of Teck Resources, for US$6.93 billion. It is part of a broader deal by the Canadian giant that will see the remainder of the steel business offloaded to Nippon Steel and Korea's POSCO. Talking about Glencore's part of the transaction, chief executive Gary Nagle told investors: “We are pleased to have reached agreement to acquire Teck’s steelmaking coal operations in the Elk Valley. "These world-class assets and the experienced people that operate them are expected to meaningfully complement our existing thermal and steelmaking coal production located in Australia, Colombia and South Africa." The market welcomed the deal with the stock trading up 3.7% at 446.5p. More at #Proactive #ProactiveInvestors #LSE #GLEN #Glencore http://ow.ly/pf5j1051LcY
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Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has received multiple partnership proposals from natural hydrogen exploration companies, positioning it as a co-operator and distributor of this emerging form of renewable hydrogen known as “white hydrogen.” The company, which has long focused on green hydrogen projects, said it is looking to deepen its involvement of white hydrogen to complement its future network of production facilities. Leveraging its hydrogen expertise, Charbone aims to streamline the process of receiving, purifying, compressing, and distributing hydrogen, reinforcing its role as a key player in North America's clean... http://ow.ly/VkvK105J4s9
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Aclara Resources Inc (TSX:ARA, OTC:ARAAF) has provided an update on the permitting process for its Penco Module rare earths project in Chile. The company said the evaluation of the Penco Module’s Environmental Impact Assessment continues, having formally received from the Environmental Service Assessment (SEA) the consolidated report with the observations and questions received from the different agencies involved in the evaluation process. It said it is diligently working to file its response addressing questions and observations received by the end of the first quarter of 2025. Aclara added that it is committed to working with the SEA throughout the... http://ow.ly/YKVB105J4c7
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Evergold Corp (TSX-V:EVER, OTC:EVGUF) has launched a follow-up drilling program at its DEM prospect in central British Columbia. It aims to build on the success of last year’s exploration which identified high-grade precious and strategic metals, including gold, silver, and molybdenum. The company intends up to 1,000 meters of drilling across multiple holes, targeting a north-south geochemical and geophysical trend within a 4 square kilometer anomalous area. Previously, the 2023 reconnaissance drilling intercepted a structurally focused system rich in sulphides, suggesting the presence of an epithermal-style deposit. More recent geophysical surveying has... http://ow.ly/3SET105J48Y
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Giyani Metals Corp (TSX-V:EMM, OTC:CATPF) has secured a Mining Licence for the K.Hill battery-grade manganese project in Botswana. It was granted to the project by Botswana's Ministry of Minerals and Energy, less than nine months after the company submitted its application in December. The licence will be valid for 15 years, with an option for renewal for up to 25 years, under Botswana’s Mines and Minerals Act. It marks an important milestone for the project and the company. "I would like to thank the Ministry of Minerals and Energy, the Department of Mines and everyone involved in our Mining Licence application process that has enabled such an efficient and... http://ow.ly/Ww2N105J40H
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Vivos Therapeutics (NASDAQ:VVOS) announced that it has received US Food and Drug Administration (FDA) approval to treat moderate to severe obstructive sleep apnea (OSA) in children aged 6 to 17 using its proprietary oral medical device. This non-invasive, orthodontic-based solution offers an alternative to traditional treatments like adenotonsillectomy, which may not always be effective long-term. Pediatric OSA is linked to several health conditions, including ADHD, asthma, and obesity. Vivos Therapeutics (NASDAQ:VVOS) believes the FDA 510(k) is the first time any oral medical device has ever been approved to treat moderate to severe OSA in children. “This... http://ow.ly/JcB2105J3Xz
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Substrate AI subsidiary 4D Medica prepares for IPO @Substrate_AI #AQSE #OTCQB #SAI.B #SUIAF. Substrate Artificial Intelligence (AQSE:SAI.B, OTCQB:SUIAF) is now advancing preparations for the IPO of its subsidiary 4D Médica. The artificial intelligence company has pitched a preliminary valuation between €18 million and €25 million for the float, ahead of the process, and has hired consultancy LKS Next. This firm will assist preparations for the IPO. LKS Next has been commissioned to assist with the preparation of all necessary documentation, market selection, and investor engagement for the IPO, Substrate highlighted. 4D Médica is majority owned by Substrate... http://ow.ly/vPaV105J3Ol
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Immunic Inc (NASDAQ:IMUX) announced that it is presenting key data for its lead asset vidofludimus calcium at the 40th Congress of the European Committee for Treatment and Research in Multiple Sclerosis (ECTRIMS), which has highlighted its therapeutic potential in multiple sclerosis (MS). Vidofludimus calcium consistently reduced neurofilament light chain (NfL) levels in the Phase 2 CALLIPER trial, suggesting it may slow disease progression across all progressive MS subtypes, the company reported. The drug also showed potential to reduce fatigue in MS patients by preventing Epstein-Barr virus (EBV) reactivation, which could contribute to reduced fatigue in MS... http://ow.ly/Glu8105J3Nm
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LBG Media results please analysts, with US 'key lever for growth' @LADbibleGroup #AIM #LBG. Interim results from LadBible owner LBG Media PLC (AIM:LBG) were praised by analysts on Wednesday, who said the growth in its global audience shows why its content "resonates" with its core young adult audience and attracts ever more brand partners. Berenberg hiked its share price target to 170p from 140p off the back of the numbers, which showed organic revenue growth of 29%, the strongest first half since the company listed in 2021, with 190% organic growth of underlying earnings. As revenue and EBITDA growth were already known since a July trading update, Berenberg... http://ow.ly/83rf105J3JF
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The Atlantic Lithium Limited annual report and accounts highlighted the progress made towards its transition from explorer to mine developer. During the year to 30 June 2024, the African-focused company achieved several milestones, including the grant of the mining lease for the Ewoyaa lithium project in Ghana. Post-period, the lease was submitted to Ghana's parliament for ratification. Atlantic Lithium also reported the completion of critical permitting stages, including securing the Environmental Protection Agency's permit for the project. Additionally, a flotation study confirmed the viability of a downstream flotation circuit at the site, offering further value-addition potential. Executive chairman Neil Herbert hailed the "significant progress" made towards the transition to mine developer and operator, with the grant of the mining lease serving as "an important de-risking milestone for the advancement of the... More at #Proactive #ProactiveInvestors http://ow.ly/je9a105J2We
Atlantic Lithium 'within touching distance' of Ewoyaa permitting and shovel readiness
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Empire Metals Ltd (AIM:EEE) managing director Shaun Bunn, in today’s interim results statement, highlighted ‘huge leaps forward’ that are being made by its team in understanding the geology and mineralogy at the Pitfields titanium project, in Western Australia. “Our project has created a buzz throughout the mining and metals world, and our technical team and board are united in their ambition to keep this momentum up and make Pitfield a highly profitable commercial operation in as short timeframe as practicable,” Bunn said. "Earlier this month, I was delighted to report that diamond core drilling has recommenced at Pitfield, focusing specifically on better characterising the higher grade weathered cap zone, including thickness, grade and shape, as well as obtaining additional drill core samples for metallurgical test work. “This weathered cap zone presents an enormous opportunity for the company to accelerate its... More at #Proactive #ProactiveInvestors http://ow.ly/Btqv105J2Vk
Empire Metals interims highlight ‘huge leaps forward’ at Pitfields
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