Small Caps
Mercantile Ports raises £10m to fund contracts, construction
Mercantile Ports & Logistics has raised £9. 6m before expenses under a placing and subscription, it announced on Friday.
Amur confirms completion of conditions report for Kun-Manie
Exploration and resource development company Amur Minerals announced on Friday that Oreall has completed the permanent conditions report on its far east Russia Kun-Manie nickel copper sulfide project.
Asiamet facing Covid delays in Indonesia
Asiamet Resources updated the market on its BKM copper development project and the Kalimantan Suraya Kencana contract of work in Indonesia’s Central Kalimantan on Friday, reporting that over the past two months there had been a “very significant and rapid” increase in the number of Covid-19 infections across Indonesia.
Altus Strategies upbeat at end of busy first half
Altus Strategies updated the market on its position at the end of the first half on Friday, reporting a cash balance of £10. 8m or CAD 18. 5m as at 30 June.
Enwell Energy agrees partial early payment for Arkona
Oil and gas exploration and production company Enwell Energy updated the market on operations at the Svystunivsko-Chervonolutskyi (SC) exploration licence in north-eastern Ukraine on Friday, reporting that its first well at the licence, SC-4, had now been spudded.
SDX Energy above mid-point guidance as earnings rise
Middle East and North Africa-focussed oil and gas company SDX Energy reported a netback of $22. 1m in its first half on Friday, which was 26% higher year-on-year, and primarily driven by strong demand in Morocco.
Hummingbird swings to pre-tax loss as development continues
Hummingbird Resources reported sales of 46,809 ounces of gold in its first half on Friday, at an average price of $1,794 per ounce.
Logistics Development cashed up after selling Eddie Stobart stake
Investment company Logistics Development Group updated the market on its first half on Friday, which preceded the sale of its indirect interest in the GreenWhiteStar Acquisitions (GWSA) group.