Proactive news round-up: Ariana Resources, Bloomsbury Publishing, Adriatic Metals…

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Ariana Resources PLC (AIM:AAU) said a detailed evaluation of recent drilling data has identified potentially economically significant gold and zinc zones within the Kokkinoyia deposit of the Magellan project in Cyprus.


Avation PLC (LSE:AVAP), the aircraft lessor, has confirmed audit completion and publication of its unqualified financial statements for the year ending 30 June 2021. The Company has also published an updated ESG report. The most recent ESG rating for Avation from MSCI is BB.


Bloomsbury Publishing PLC (LSE:BMY) printed its best-ever sales and profits in the first half of 2021, as it successfully mitigated print supply chain challenges to continue growing both its consumer and academic divisions.


NextEnergy Solar Fund Limited highlighted that its investment manager, NextEnergy Capital (NEC), has released its 2021 sustainable development goals report ahead of the COP26 climate summit that starts on Sunday.


Europa Metals Ltd (AIM:EUZ, JSE:EUZ, OTC:EOPAF) said it raised a gross GBP1.5mln through a placing and subscription offer to be used to progress its Toral project in Spain and for potential acquisitions.


Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) released its environmental and social impact assessment (ESIA) for its world-class Vares polymetallic project, making it the first natural resources ESIA in Bosnia & Herzegovina.


Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF) has acquired royalty and mining claims relating to the Empire mine in Idaho, US. It agreed to buy 1.25% of the royalty payable to Honolulu Copper Corp, including Honolulu’s mining claims, and 1% of the royalty payable to Mackay LLC for a total US$1.3mln (GBP0.9mln) in cash.


Bushveld Minerals Ltd (AIM:BMN, OTC:BSHVF), a vanadium producer and energy storage solutions provider, said it reached an agreement with Duferco Participations Holding SA regarding repayment of the remaining US$11.5mln of convertible loan notes.


Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) has noted Sandfire Resources update in regard to the ongoing acquisition of the MATSA Mining Complex in Spain, with competition approval expected n early November. Metal Tiger is interested in approximately 2.4% of Sandfire’s issued share capital.


Power Metal Resources PLC (AIM:POW) has applied for a new Copper-Gold project in South Australia. Applications have been made for two licences in the Gawler Craton. Paul Johnson, chief executive, said: “Through our in-house team we have identified this new opportunity in South Australia, targeting large-scale discoveries in a geological environment that is prospective for Olympic Dam style mineralisation.”

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