We started this week with the celebration of International Women’s Day, a day dedicated to paving the way to a gender equal world and to highlight women’s achievements.
Throughout history women have been the unsung heroes and unheard voices and unseen contributors to all aspects of life, in particular those from marginalised groups, but it is high time to drop the prefix – especially as March is also Women’s History month. The International Women’s Day group bring these figures to the forefront and give them the representation they deserve, whilst also working towards building a better and safer future for women and girls everywhere. For everything we now take for granted, such as voting, right to education or even wearing trousers, there is a long trail of those before us that have fought incredibly hard for our daily freedoms. This year’s theme from IWD is ‘Choose to Challenge’, emphasising that ‘a challenged world is an alert world’ as the basis for enacting change; whilst the UN is focused on ‘Generation Equality’, working on bringing younger women into leadership positions as women under 30 form less than 1% of parliamentarians worldwide. But, as we take this time as an opportunity to honour women’s contributions to paving the way for the world we now know, they also serve as inspiration for us to do the same for the next generations. The late Ruth Bader Ginsburg, one of the most impactful modern women, reminds us that: “Real change, enduring change, happens one step at a time”.
Tirupati Graphite Plc (LSE: TRP) is making significant developments at its primary flake graphite projects in Madagascar, Sahamamy and Vatomina. Tirupati’s hydropower strategy targeting to meet 100% of the power requirements for its Madagascan projects is advancing well, including the redevelopment of hydropower facilities at Sahamamy and progressing further studies for hydropower across both projects. This forms part of its sustainable mining strategy targeting low emissions and waste generation, and these initiatives will help reduce Tirupati’s carbon footprint by almost 50% and result in cost savings. Following strong demand for its primary flake graphite, the operations in Madagascar are being accelerated to an initial 12,000tpa in Q2 2021, and Vatomina is on track to be commissioned in Q2 2021 as well.
Oracle Power Plc (AIM: ORCP) announced the confirmation of a newly identified substantial greenstone belt directly adjacent and east of the Jundee Gold mine. Greenstone is the key host rock for gold mineralisation in the area and is modelled across an extent of 12km and occurs within 100m of the surface. These compelling results further increase Oracle’s confidence in the Jundee East target. Follow up activities are now being planned, including planning and permitting of aircore drilling across the primary target areas, aiming to directly target mineralisation.
Jangada Mines Plc (AIM: JAN) announced additional drill results of the second phase drilling programme at its wholly owned Pitombeiras Vanadium Project in Brazil. The 2,000 metre diamond drilling programme is underway to continue to evaluate the structural corridor associated with the known VTM mineralisation and is aimed at increasing and upgrading the existing mineral resource. The results received further increase the Company’s confidence that the current inferred mineral resource estimates can be converted to indicated or measured mineral resource categories for inclusion into an MRE and PEA, both scheduled for completion in Q2 2021. Jangada also announced the sale of an additional 3.875 million of its common shares in ValOre Metals, providing the Company with gross proceeds of CAD$1,162,500. With a reinforced treasury along with the recently strengthened technical team, Jangada is in a good position to maintain the positive momentum at the Project as it continues to progress the several workstreams that it has underway.
Dekel Agri-Vision Plc (AIM: DKL) reported a sixth consecutive month of double-digit growth at its 100%-owned palm oil operations at Ayenouan, Ivory Coast: 43% increase in CPO production to 5,163 tonnes; 35.77% increase in CPO sales to 4,754 tonnes; and a 17.29% increase in average realised prices to €792 per tonne in February 2021 compared to February 2020. With international CPO prices trading at near 10-year highs and with yields during the all-important peak harvest season, which is currently in full swing, looking like they could surpass those of 2020, Dekel has got off to a strong start to the year. There should be more to come as commissioning of the large scale Tiebissou cashew project is currently scheduled for June 2021 which, once operations settle, will drive a further step up in financial performance over the next 12-24 months.
Emmerson Plc (LSE: EML) released its shareholder newsletter from CEO Graham Clarke, covering Q1 2021 and expectations over the coming months. This includes an operations review looking at the Khemisset Potash Project in Morocco, which is being advanced towards production in 2023 and the Mining Licence to develop and mine the deposit has been successfully granted. Secondly, Emmerson’s corporate positioning was examined after completing a £5.5 million fundraise to finance work at Khemisset, and the company’s intention to move its exchange listing to AIM. Thirdly, the commercial opportunity in the potash market is encouraging, as increasing demand is tightening the pricing set by producers as Emmerson looks to constructing its mine. Lastly, Mr Clarke touched on the outlook for the coming year following the momentum that has been built so far from the steady flow of high impact news. This is set to continue with expected operational and corporate updates due in the coming weeks.
FastForward Innovations Ltd (AIM: FFWD) noted the conditional agreement reached between its investee company, EMMAC Life Sciences, and Curaleaf Holdings Inc., for the purchase of EMMAC by Curaleaf. Concurrent to the Curaleaf Transaction, FFWD has conditionally agreed to sell its entire interest in EMMAC, comprising 6,666,667 ordinary shares and a £750,000 convertible loan note, for £5,036,459. FastForward is extremely pleased with the outcome, having made a significant return on its original investment, further increasing the Company’s confidence in its investment strategy and ability to deliver financial gains, particularly in the medical cannabis and related sectors. FastForward also announced the sale of its entire holdings in Kanabo Group Plc and Cellular Goods Plc, providing the Company with gross profits of £194,414.39. With an already strong balance sheet, the proceeds from these sales, along with the significant funds to be received from the sale of EMMAC, will put FastForward in a very strong cash position and enable the Company to invest in other new and exciting businesses that will bring value to shareholders.
Prospex Energy Plc (AIM: PXEN) raised £750,000 gross through a placing of 50,000,000 new ordinary shares at a price of 1.5 pence per placing share. The proceeds will be primarily used to fund planned programmes at the El Romeral integrated gas production and power station operation in Spain, and the Podere Gallina licence in Italy, where first gas at the Selva field is expected to commence later this year. The balance of the net proceeds will be used for general working capital purposes and the evaluation of new business opportunities.
CYBA Plc (LSE: CYBA), a special purpose acquisition vehicle, has listed on the London Stock Exchange this week. It has been formed to acquire and then act as the holding company for various target businesses operating in the cyber security industry.
You may have missed…
CEO of Oracle Power, Naheed Memon, spoke with London South East on the new Australian greenstone belt target found at the Jundee East gold project.
Adam Davidson, CEO of Trident Royalties Plc, was interviewed by Karl West.
Prospex Energy CEO Ed Dawon and Europa CEO Simon Oddie both spoke with VOX Markets.
In the news this week…
See how International Women’s Day was celebrated around the world.
Find out more about the International Women’s Day group and virtual events going on this month.
Read more on UN Women and the recent YouGov survey on safe spaces.
Forbes highlights ways to ‘Choose to Challenge’ in the workplace from the findings of a 2021 TINYPulse survey of human resources managers.
See the History Channel’s list of women who changed the world.
We can’t avoid addressing the awful news this week regarding Sarah Everard. Put simply, women deserve to be safe no matter where they are. Follow the full story here and find out more about the ‘Reclaim These Streets’ vigil in her honour.