ARC Minerals (ARCM) shares jump 21.54% to 3.95p ahead of shareholder Q&A
The natural resources exploration & mine development company released an announcement today in which it stated that it will host a shareholder webinar and Q&A on Friday morning.
Ben Creeks Group (BEN) shares are up 12.5% to 58.5p after second convertible loan note
Bens Creek Group is to raise an additional $6m to finance acquisition opportunities designed to enhance its existing metallurgical coal reserves and expand its infrastructure capabilities.
Its strategy includes seeking acquisitions of metallurgical coal assets in North America.
This includes evaluating prospective new leases and seeking royalty and additional infrastructure arrangements on neighbouring properties to the existing Bens Creek property where the board of the Company believe there could be potential synergistic value.
Rambler Metals & Mining (RMM) shares rise 10.66% to 33.75p following positive update
The copper and gold producer said a new zone intersected as part of its diamond drilling programme at the Ming Copper-Gold Mine - known as the Jennings Zone - has been found to be open in all directions and is worthy of near-term drilling to further define the zone up-dip.
This could potentially provide near-term production sources close to existing development, Rambler noted. The company also continues to await gold assay results attributed to the 2021 drilling of the high-grade massive sulphides in which gold grades are traditionally elevated.
Petropavlovsk (POG) shares fall 14.27% to 13.78p as Russian-focused stocks take a hit
Shares in Petropavlovsk, formerly Peter Hambro Mining, a mining and exploration company, have shed nearly 15% in value as shares in Russia-focused companies took a hit today.
At the same time, European equity market volatility rose to a 16-month high after the Russian military announced that it had foiled a border breach from Ukraine. An index measuring European equity market volatility spiked to the highest since October 2020, reports said.