PLC () hares surged higher on Wednesday after the firm said it has decided to take out an option over the Alamo Gold Project in Arizona. Alamo is a package of mining claims covering an area of approximately 766 acres and is situated in west-central of the US state and nugget gold found so far is indicative of a large mineralised system, the AIM-listed junior believes..” The option gives the Power Metal the opportunity to acquire a 50% stake from current owner Frisco for US$60,000 and increase that to 75% after payment of a further US$200,000. In addition, Power Metal will assume operatorship and over four years pay US$200,000 in property payments, US$850,000 on exploration and a final US$50,000 earn-in fee.
() () has said it continued to enjoy improved momentum in its first-half with strong demand for its range of specialty polymers. In a trading update for the half-year to June 30, 2020, the leading innovator in sustainable specialty polymers, said unaudited revenues for the first six months of the year were US$1.1mln, representing around 80% growth over the equivalent period in 2019 and about 62% over the second half of 2019. Itaconix said volumes and revenues increased from new and recurring orders in detergent, odour control, and personal care applications.
() has made a three-pronged change to streamline its cultivation strategy. The cannabinoid (CBD) specialist is expanding its seed testing programme via a partnership with GVB Biopharma; it is terminating the lease on its Colorado production facility; and it has struck a European joint-venture to grow high-quality hemp seeds.
() shares rose on Wednesday as it signed a series of government-guaranteed loan facilities with Spanish banks. The tungsten, tin and gold miner said it has secured three new facilities totalling around €1.02mln, all for a term of five years. The firm has also agreed extensions to a €500,000 revolving credit facility to June 4, 2025, from May 30, 2020, and to a €300,000 overdraft facility for June 18, 2025, from June 18, 2020.
() (FSE:P4JC), a natural resources investing company, has announced the appointment of influential German industry investor Dr Stefan Liebing to its board as a non-executive director with immediate effect. Liebing is the chairman of Afrika-Verein der deutschen Wirtschaft e.V., the prestigious German-African Business Association, where, as part of his role, he advises the German Government on investment in Africa. He chaired the G20 Compact with Africa investment summits in 2018 and 2019, held under the patronage of Chancellor Angela Merkel. He is the CEO of Conjuncta GmbH, a boutique investment and project development company. Previously, Liebing was a director of International Gas Business at EnBW Energie Baden-Wuerttemberg AG, one of the largest energy supply companies in Europe, and earlier in his career held various senior positions at .
() said it has completed a “significantly oversubscribed” placing as…