Page 539 - Small Caps News Today

Emmerson Resources higher on striking high-grade near-surface gold at Blake Snake in Tennant Creek JV The company and joint venture partner Tennant Consolidated Mining Group are planning an increasingly drill intensive program over the five-year earn-in period. The results confirm high-grade near-surface gold mineralisation - enhancing the potential for open pit mining. Emmerson Resources Limited (ASX:ERM) (FRA:42E) is trading higher after delivering new high-grade gold results from...

Union Jack Oil counts down to West Newton B-1Z well testing "The planned testing programmes at the West Newton B and A sites are the next milestone events in determining the development potential of West Newton,” said David Bramhill. Union Jack Oil PLC (LON:UJO) told investors that equipment to complete and test the West Newton B-1Z well, in Yorkshire, has now been mobilised. Gear required for the programme were mobilised yesterday, according to project operator Rathlin Energy, including a wo...

Antipa Minerals directors show faith in company through participation in SPP The company’s strategy is to deliver greenfield discoveries and increase brownfield gold and copper resources with the aim of generating a short to medium-term production opportunity. Antipa now holds in excess of $30 million in cash Antipa Minerals Ltd (ASX:AZY) directors have demonstrated their faith in the company by participating in a share purchase plan (SPP) completed on May 18.   The SPP rais...

The independent review is seen as a springboard for the the planned development of the Barracuda field. ADM Energy PLC (LON:ADME) has commissioned consultant Xodus Group Ltd for an updated competent persons report (CPR) to assess the Barracuda field, in Nigeria’s Niger Delta. Completion of a new CPR is the next step in the agreed scope of the Barracuda risk sharing agreement and the independent report is expected to provide a full technical and economic review of the field. Included will be...

Argo Blockchain joins new Bitcoin Mining Council set up after Elon Musk call The BMC is comprised of several North American cryptocurrency miners to promote energy transparency and improve sustainable mining practices Argo Blockchain PLC (LON:ARB) said it has joined the newly formed Bitcoin Mining Council (BMC), an organisation comprised of North American cryptocurrency miners designed to promote energy transparency and improve sustainable mining practices. The company said miners in the region...

Kangaroo Island Plantation Timbers MD demonstrates confidence in company with on-market purchase This month KPT welcomed the Federal Budget announcement of $32 million of road funding for Kangaroo Island as the final piece of the puzzle to clear the way for approval of its proposed KI Seaport development. KPT is Australia’s only listed timberland company. Kangaroo Island Plantation Timbers Ltd (ASX:KPT) managing director Keith Lamb has demonstrated his confidence in the company...

QMines Ltd (ASX:QML) (FRA:81V) released highly encouraging results from its maiden diamond drilling at the Mt Chalmers Copper Project in Queensland this week and has immediately moved to a 3,000-metre reverse circulation (RC) drilling campaign. The newly listed company, which aims to be Queensland’s next copper and gold developer, has an extensive drilling program planned, funded by its recent IPO which raised $11.5 million. Its exploration goal is to establish a strong copper development st...

Namaste says Phyto Extractions shatter now available nationally for medical consumers The companys subsidiary CannMart Inc is distributing Phyto Extractions’ well-known shatter products nationally for its medical consumers at CannMart.com Phyto Extractions’ latest shatter product line comes in three strains: Pink Kush, Blue Gorilla OG and D. Bubba Namaste Technologies Inc (CVE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) has said that its CannMart Inc subsidiary is now distributing Phyto Extr...

Telit Communications succumbs to DBAY If the bid succeeds then it will bring to an end a colourful time as a publicly listed company for Telit The board of Telit Communications PLC (LON:TCM) has been worn down by DBAY and is recommending acceptance of 220p a share takeover. The bid by funds managed by DBAY values the Internet of Things enabler at around £307mln. Shares in the technology company currently trade at 225p, up 11.4% on the day. The Telit board has recommended acceptance of the of...

5G connectivity has helped unleash the full potential of cloud-based gaming platforms such as Xbox, Bango said Bango PLC (LON:BGO) said the first three telecoms companies offering bundled Xbox cloud gaming subscriptions in Europe are using Bango’s payments platform. Microsoft, which makes the Xbox, is using the Bango e-commerce platform to enable telecoms company partners to bundle Xbox Game Pass Ultimate as subscription packages. Later in the year, Xbox All Access will be added to the range ...