As one of the only UK-listed businesses with exposure to medical cannabis, Ananda Developments (NEX:ANA) has enjoyed strong demand since debuting on the NEX Exchange earlier this month, with shares doubling to 0.9p on the first day of trading. The global market for medical marijuana is gaining serious momentum as the drug’s therapeutic qualities become…
US-based Uranium stocks received a boost yesterday after the Trump administration began an investigation into imports of the metal, a key ingredient in nuclear power generation. Commerce secretary Wilbur Ross said on Wednesday that his department will look at whether imported uranium ore and related products threaten national security. The investigation was requested by domestic…
ECR Minerals (LSE:ECR) confirmed plans to pursue new gold and other metal opportunities in Western Australia today, leading shares to advance 5.9pc to 0.9p. The company will ringfence an initial A$100,000 (c.£56,000) from its recent £650,000 strategic funding package to carry out activities such as due diligence and licence applications on numerous new targets. The…
Today saw Harvest Minerals (LSE:HMI) finally report that it has secured the much-anticipated government approval needed to register its KPfértil product as a remineraliser in Brazil, leading shares to rise 5.7pc to 18.6p. It received approval for the product, a multi-nutrient natural fertiliser, from the Ministry of Agriculture (MAPA) in Brazil and also received 10-year…
Botswana-focused Metal Tiger (LSE:MTR) rose 2.6pc to 2.9p today after selling off its 30pc interest in the T3 Copper Project to joint venture (JV) partner MOD Resources as it looks to shift its focus onto exploration. In return for selling its stake in T3, Metal Tiger will receive MOD shares and three-year options worth a…
Today saw Azerbaijan-focused Anglo Asian Mining (LSE:AAZ) reveal that it cut its debts and increased gold production by nearly a quarter in the first half 2018, sending shares 10.4pc higher to 49.7p. The business reported that production from its Gedabek contract area came in at 37,349 gold equivalent ounces (GEOs) over the period, up from…