BMR Group updated the market on the acquisition of Star Zinc on Tuesday, following its previous announcement on 31 August regarding the signing of a term sheet to enter into a joint venture agreement with Galileo Resources.
BMR Group announced on Friday that Peterhouse Corporate Finance had raised £0.35m - before expenses - by way of a placing of 9,333,333 new ordinary shares of 1p each in the capital of the company, at 3.75p per share.
Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group.
Miner BMR Group has acquired 80% of a metals exploration concession over a property in Northern Portugal.
BMR Group confirmed on Friday that it and its wholly owned subsidiary Enviro Mining Limited have entered into the anticipated project construction and trade finance facility for up to $5.2m, with private South African group African Compass International.
BMR Group has signed an off-take and purchase agreement with African Compass International (ACI) to provide funding for the construction of the Kabwe mine in Zambia.
Zambia-focused mineral processing business BMR Group said it expects to agree a $3.5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week.
Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its target of 15.0% for operating margins.
BMR Group revealed the success of its open offer on Thursday, bringing in a little over half of the company's £750,000 target to fund the completion of its pilot plant and construction of its main lead and zinc tailings plant at the Kabwe mine in Zambia.
The UK equities market was under the cosh as the nation unexpectedly slipped into deflation in September.
Shares in BMR Mining surged 14% early on Monday after the company said it had submitted its draft environmental and social impact assessment for the Kabwe project to the Zambian Environmental Management Agency (ZEMA).
Zambia-focused mineral processing business BMR Mining said it has identified a potential market for its Waelz Kiln Slag (WKS) assets.
BMR Mining said Zambia has approved the terms of reference for an environment impact assessment of pilot plans to extract lead and zinc from tailings at its Kabwe mine.
BMR Mining's shares gained as it revealed that its metallurgical tests used to identify lead and zinc at its Zambian site have been successful.
BMR Mining has granted four directors a total of just under 13.2m share options to subscribe for new ordinary shares in the firm at an exercise price of 6p.
Peace talks in Ukraine were giving the industrial metals and mining sector in London a big boost on Wednesday.
Berkerley Mineral Resources' (BMR) wholly owned subsidiary Enviro Processing Limited (EPL) has received approval from the Zambian Environmental Management Agency for its lead-zinc recovery and copper processing at Kabwe.
Berkeley Mineral Resources (BMR), which extracts metals from tailings at former mines, said that losses widened in the first half, causing its share price to sink sharply on Friday.