FINWIRES · TerminalLIVE
FINWIRES

Brazilian Critical Minerals Starts Auger Drilling at Brazil Project in March Quarter; Shares Up 3%

-- Brazilian Critical Minerals (ASX:BCM) started auger drilling at the Ema project in Brazil during the period ended March 31, delivering rare earth element intercepts across 49 holes, supporting a mineral resource estimate update and in-situ recovery development pathway, according to a Friday filing with the Australian bourse.

Drilling confirmed the lateral continuity necessary for the design of the in-situ recovery wellfield, with mineralization extending across an 82-square-kilometer area, the filing said.

Two trial mining license applications and final exploration reports are under evaluation, while the environmental permit is progressing, per the filing.

Shares rose 3% in midday trade on Friday.

Related Articles

Asia

SPIC Industry-Finance's Q1 Profit Up 0.3%, Shares Down 4%

SPIC Industry-Finance (SHE:000958) posted first-quarter attributable net profit of 1.12 billion yuan, up 0.3% from 1.11 billion yuan the previous year.Earnings per share declined to 0.0643 yuan from 0.0859 yuan, according to a Friday filing with the Shanghai bourse.Operating revenue slid 17% year over year to 2.73 billion yuan from 3.30 billion yuan.Shares of the heat and electricity supply services provider were down 4% in recent trade.

$SHE:000958
Asia

Uni-Bio Science Moves to Replace Expiring Share Option Scheme

Uni-Bio Science (HKG:0690) proposed to terminate its existing share option scheme and adopt a new one, according to a Thursday Hong Kong bourse filing.Shares of the firm were down nearly 1% in Friday late morning trade.The current scheme, adopted in September 2016, is set to expire in September and will no longer allow new grants.As of the announcement date, 420.6 million options remain outstanding under the scheme.The company said the new scheme aims to continue incentivising and rewarding eligible participants for their contributions.

$HKG:0690
Asia

Pacific Lime and Cement Signs MOU With Papua New Guinea-Based Power Producer

Pacific Lime and Cement (ASX:PLA) signed a memorandum of understanding (MOU) with Papua New Guinea-based power operator Dirio Gas & Power to develop dedicated power infrastructure for the Central Lime and Cement project, according to a Friday filing with the Australian bourse.The MOU establishes a framework for the companies to work on delivering a private 66-kilovolt transmission line from the Central Province Power Station to Pacific Lime and Cement's project area, the filing said.Electricity supply may be extended to nearby communities along the transmission corridor, subject to capacity and approvals, per the filing.Pacific Lime and Cement shares fell nearly 2% in afternoon trade Friday.

$ASX:PLA