Tertiary Minerals (LON: TYM) says 86%-owned subsidiary Copernicus has singed a binding letter of agreement First Quantum Minerals, which could lead to a joint venture for the Mukai copper project in Zambia. First Quantum Minerals will spend a minimum of $1.5m on exploration over two years. After this, First Quantum Minerals can earn an initial 51% stake in Mukai, which is adjacent to the miner’s Sentinel project. This depends on a mineral resource with a minimum of 80,000 tonnes within a further two years. A further 29% stake could also be earned through further development. The share price increased 13.5% to 0.105p.
Kazera Global (LON: KZG) has increased its stakes in diamond miner Deep Blue Minerals and heavy mineral sands miner Whale Head Minerals. It has acquired an additional 10% stake in each of the South African companies taking its stake in Deep Blue Minerals to 74% and Whale Head Minerals to 70, as well as loans with a nominal value of £38m. The total cost is $500,000 in cash and shares. Both companies should start production once permits are received. The share price is 12.5% higher at 0.45p.
Football club Celtic (LON: CCP) expects profit for the year to June 2024 will be much better than previous expectations. Celtic won the double in Scotland and made gains from player sales. The share price improved 11.6% to 192.5p.
SIMEC Atlantis Energy (LON: SAE) has bought out its early-stage development partner in the 120MW AW1 BESS project in Uskmouth, Wales. The initial payment is £299,000 and there will be a further payment of £3.85m at project financial close. This will enable SIMEC Atlantis Energy to bring in a new joint venture partner to help with financing. The share price rose 11.1% to 2.5p.
FALLERS
Destiny Pharma (LON: DEST) shares have been hit by profit taking following the rise on the back of new data concerning its XF-73 treatment showing it significantly reduces post-surgical MRSA infections. The share price dipped 32.3% to 3.25p, which is well below the 8.5p prior to the announcement of the planned departure from AIM on 13 August.
Chaarat Gold Holdings (LON: CGH) is also leaving AIM if shareholders agree at the general meeting on 8 August. The cancellation will be on 16 August. The share price fell 9.09% to 0.2p.
Botswana Diamonds (LON: BOD) is raising £250,000 at 0.32p/share. There is also a warrant to subscribe for a new share at 0.5p that comes with each share. The cash will fund exploration in Botswana and South Africa. The share price declined 18.8% to 0.325p.
Today, 50 existing Challenger Energy Group (LON: CEG) shares have been consolidated into one new share. The share price is 11.1% lower at 6p.
Bushveld Minerals (LON: BMN) has issued 37.5 million nil cost options to employees, including 6.4 million to chief executive Craig Coltman. They will vest in two tranches: 50% on 31 July 2025 and 50% on 31 January 2026. This is an attempt to retain key executives. The share price is down 4% to 0.6p.