The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
TSX-V- and LSE Aim-listed Mkango Resources has reported that 3.86-million warrants have been exercised, booting its coffers by about £242 000.
A total of 3.45-million warrants were exercised at a price of 6.6 pence apiece and a further 418 000 warrants were exercised at a price of 3.5 pence each.
With one eye on accelerating demand for electric vehicles, BMW AG said it’s talking to suppliers of cobalt and other battery materials amid fears that stocks will run short and push already inflated prices higher.
Sourcing of cobalt and other materials is “the most important” question BMW has to address before it decides whether to produce its own battery cells, board member Oliver Zipse said at a media briefing. Currently BMW assembles, but doesn’t produce its own battery cells.
Despite having widened its losses for the year ended June 30, Aim-listed Red Rock Resources chairperson and CEO Andrew Bell on Friday assured shareholders that the company was in an improved financial position. Red Rock reported a post-tax loss of £1.1-million in 2017, increasing from the losses of £283 280 posted in 2016.