The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Eden Research PLC - sustainable crop protection and animal health firm - To date receives regulatory approval in 17 US states for Mevalone and eight state approvals for Cedroz. Both are crop protection products. Chief Executive Officer Sean Smith adds: ‘These state authorisations mark further milestones on this journey and directly expand our addressable market in the US. Further efforts are underway to continually grow our footprint across the US with a primary focus on obtaining regulatory clearance in California and several additional states. We look forward to updating the market on our progress in due course.’
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Solgenics Ltd - renewable energy development company - Says ‘multiple’ non-disclosure agreements signed with possible power offtakers for first phase 100 megawatt plant. Solgenics is developing a 300 megawatt solar PV plus battery energy storage system renewable energy project in the Tete Province of Mozambique. Focus is also on delivering a bankable feasibility study. Chief Executive Officer Hanno Pengilly says: ‘The BFS scope and budget have been updated based on Offtaker engagement and is expected to take 9 to 12 months once funding has been secured. To complete the BFS, a development budget of up to $1.5 million has been created and includes latest quotes from 3rd party consultants and advisors.’
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Savannah Resources PLC - Europe-focused lithium development company - Portuguese watchdog makes public revised Barroso lithium project environmental report, mine plan and associated documents. Mine plan is similar to 2020 plan, which outlines operating phase of 12 years. Total project duration will be 17 years. Also includes measures ‘remove, minimise or mitigate against its impact on the environment and local communities’. Deadline for notice of watchdog’s environmental impact statement is May 31. Should all things go well, Savannah expects an environmental license in 2024.
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Chaarat Gold Holdings Ltd - gold mining company with assets in Armenia and Kyrgyzstan - Reports death at Kapan mine. Fatal injury occurred to an employee of S&A Mining, a contract company performing mining operations at project. Chaarat adds: ‘The decline under development remains closed while the authorities and Chaarat conclude their investigations. Mining operations were temporarily suspended to facilitate a safety stand-down to review the event and to engage with all teams. Operations have since restarted in all areas save for the above-mentioned development decline.’
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Gulf Investment Fund PLC - investment fund focused on Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait and Oman - Reports launch of tender offer of up to 100% of each shareholder’s holding in the company. Notes its assets to be valued on April 11 and then allocated to a continuing pool and tender pool. ‘The investment adviser will be instructed to realise the assets allocated to the tender pool as soon as practicable and the proceeds (after payment of tender costs) used to repurchase the tendered shares,’ Gulf adds. Tender price to be determined once assets have been allocated. Tendered shares will be cancelled. A minimum size condition to the tender offer is for a post-offer share capital of no less than 38.0 million shares.
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Marula Mining PLC - Haywards Heath, England-based mining investor - Says plans to attain AIM listing have progressed. Names MSA Group as technical consultant for listing. MSA provides ‘exploration, geology, mineral resource and reserve estimation, mining and environmental consulting services’. ‘The MSA Group has prepared numerous public reports for all the major mining stock exchanges, and will complete a competent persons report on the company’s portfolio of battery metals projects in Africa,’ Marula adds. Company says law firm ENSafrica named as African law firm as part of listing. Marula is currently listed on Aquis Exchange.
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