RNS Hotlist: Altus, Artemis, Chaarat, Lift Global Ventures, Nightcap, Pembridge, San Leon, Sovereign, Sylvania, URA Holdings, Westminster

Lift Global Ventures (LFT), an enterprise company formed to identify investment and acquisition opportunities within the financial media and related technology industries, said that trading in its ordinary shares will commence on AQSE Growth Market at 8:00 a.m., Friday, 29 March 2022, under the ticker "LFT". Zak Mir, CEO, said Lift was formed to disrupt and improve the financial media and technology landscape, and to create an innovative media and technology group which is greater than the sum of its parts.

URA Holdings (URAH) presented its audited financial statements for the year ended 31 December 2021. The company said subsequent to the year end, it has made a further acquisition of G.E.M Venus (Proprietary) Limited which owns the Gravelotte emerald mine in the Limpopo region of South Africa. Although it has not been operational for many years, the mine, over its lifetime, produced a total of 113 million carats of emeralds.

Sovereign Metals (SVML) provided its quarterly report for the period ended 31 March 2022. The company’s updated Mineral Resource Estimate recently confirmed Kasiya as the world's largest rutile deposit and one of the largest flake graphite deposits globally. The company said an updated Scoping Study is set to build on initial study reflecting the substantial MRE scale increase and to examine the impact of higher grades, increased production volumes and increased mine-life.

San Leon (SLE), the independent oil and gas production, development and exploration company focused on Nigeria, updated on the proposed reorganisation to consolidate Midwestern Oil and Gas Company Limited's shareholdings in the company, and Midwestern Leon Petroleum Limited into a single shareholding in the company. SLE said it believes that OML 18 is a world class oil and gas asset. It plans to further enhance its involvement in this asset, via the Potential Transaction, have the potential to be “very significant.” The company expects to produce an AIM admission document by 24 June 2022 at the latest, following which it will seek the restoration of trading of its shares on AIM.

Chaarat (CGH), the AIM-quoted gold mining company, announced its production and operational results for the quarter ended 31 March 2022 for its Kapan Mine, in Armenia and a general corporate update. The company said Kapan continues to operate on a steady state basis. The continued strong price environment has offset the pressures of anticipated increased energy and raw materials costs which enabled it to increase its Kapan Q1 EBITDA by 10.1% vs Q1 last year. At Tulkubash, the resource and reserve update including the 2021 drilling results will be available this quarter and feed into an updated economic model for the project.

Nightcap (NGHT), the owner of groups of bars, said that it experienced further positive trading during the 14 weeks ended 3 April 2022. The company said it continues to deliver on its promise to build the leading premium bar group in the UK, as seen from our Q3 revenue numbers, its run rate revenue is developing “nicely”.

Altus Strategies (ALS) announced its audited final results for the year ended 31 December 2021. The company said 2021 marked another milestone year for Altus. With the acquisition of an NSR royalty on the Caserones copper mine in Chile and receipt of the maiden royalty payment just a month after closing the deal transformed Altus into a revenue generating business.

Artemis Resources (ARV) released its Quarterly Activities Report for the quarter ended 31 March 2022. Artemis said it has had an extremely busy quarter-end with highlights being over 8,000m of combined RC and Diamond drilling at Greater Carlow and logistics and camp establishment completed in advance of planned drilling at Paterson Central, which is expected to commence soon.

Pembridge Resources (PERE) revealed its Annual Report and Financial Statements for the year ended 31 December 2021.  Profit for the year was $20,580,000 (based on exceptional non-cash gains) (2019 - loss of $11,193,000). The company said these financial statements illustrate a “major stage” in Pembridge's development, showing a profit for the year and positive net assets for the first time since taking its present form as Pembridge Resources plc.  During 2021, Minto was listed on the TSXV and successfully raised C$31m of capital.

Sylvania (SLP) announced its results for the quarter ended 31 March 2022. The company said it is expecting a strong operational performance from all operations during the final quarter of FY2022 based on initial positive results at Mooinooi where production is expected to increase significantly during the next quarter as feed is stabilised and the MF2 circuit optimised. This should enable it to achieve the target production of 66,000 to 68,000 ounces for FY2022 as communicated earlier.

Westminster Group (WSG), a supplier of managed services and technology-based security solutions, announced Final Results for the 12 months ending 31 December 2021. The company said the outlook for 2022 is looking “positive” as the worst impact of the global Covid-19 pandemic recedes, travel restrictions are being lifted and business confidence is beginning to return.