Orosur Mining Inc (LON: OMI) has updated the market on progress of exploration drilling at the Anza project in Colombia. Two holes have returned substantial gold intersections. The best is 80.55 metres @ 3.05g/t. Two holes are underway to better define the mineralised body. The share price jumped 22.5% to 12.25p.
Graphene technology developer Directa Plus (LON: DCTA) has won its first major contract for Gipave, which is G+ graphene enhanced asphalt. Gipave will be used on a 125km section of the A4 Torrino-Milano motorway. Gipave uses recycled materials, reducing the content of new aggregates to 30%. This should be worth €1m in 2023 and 2024, compared with a €300,000 contribution forecast for 2023 by Cenkos. A UK contract is a possibility. The shares rose 14.4% to 87.5p.
Alpha FX (LON: AFX) says revenues are growing strongly and profit will be well ahead of expectations with higher interest contributions from overnight cash holdings. Interest could generate £6m between August and December. A regulatory licence has been obtained in Australia. There was a 9.12% increase in the share price to 2035p.
Latest new AIM admission Sondrel (LON: SND) raised £20m at 55p a share and the price rose to 58p in early dealings. The semiconductor designer will spend the money on employing more engineers and accelerate sales. There are more than £300m of revenue opportunities for designing semiconductors. If selected, Sondrel can expect to supply the semiconductor for five years plus. The medium-term target revenues are in excess of £100m.
Hummingbird Resources (LON: HUM) produced 16,827 ounces of gold in the third quarter, down from 20,013 ounces of gold. All-in sustaining cost increased from $1,859/ounce to $2,161/ounce. There were delays in mining higher grade material. Hummingbird sold 16,917 ounces of at $1,713/ounce in the latest quarter. Additional bank facilities of $35m have been secured to bring Kouroussa project into production. The share price slumped 20.7% to 5.75p.
Chile-based lithium projects developer CleanTech Lithium (LON: CTL) has completed a £12.3m placing and offer at 47p a share. This is more cash than the original target. The cash will be spent on new resource evaluation models and continue progress toward early production of battery grade lithium. There was a 10.7% dip in the share price to 47p. The March placing price was 30p.
Third quarter figures from Rambler Metals & Mining (LON: RMM) produced 1,716 tonnes of copper. Working capital constraints held back production in September. Fourth quarter production is expected to be 2,000 tonnes of copper. Rambler is in discussions to restructure its finances. The shares slipped 7.14% to 4.875p.