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Viking Mines To Evaluate Historical Ore Stockpiles, Tailings Dam at Nevada Tungsten Project, Shares Rise 3%

Viking Mines (ASX:VKA) began a field operations campaign at the Linka tungsten project in Nevada, seeking to quantify the historical ore stockpiles and tailings dam as well as prepare the project for subsurface exploration, according to a Tuesday Australian bourse filing.The work includes grid-sampling the historical tailings dam, collecting around 52 samples to determine both the tungsten oxide grade and tailings dam thickness. It is also sampling the historical stockpiles to confirm grade consistency.Its shares were up 3% in recent trading on Tuesday.

ASX:VKA

Asia162d ago

China's Q1 Yuan Loans Rise by 8.6 Trillion Yuan

China's yuan-denominated loans rose 8.6 trillion yuan in the first quarter, according to data from the People's Bank of China.Household loans rose by 296.7 billion yuan, loans to enterprises and institutions increased by 8.6 trillion yuan and loans to non-bank financial institutions decreased by 368 billion yuan.At the end of March, domestic and foreign currency yuan loans rose 5.7% year on year to 284.5 trillion yuan.

Shanghai Composite^SZSE

Asia162d ago

New Universe Environmental Unit Ordered to Pay Unpaid Dividends After Appeal

New Universe Environmental (HKG:0436) said a court ordered its subsidiary to pay unpaid dividends following an appeal, according to a Monday Hong Kong bourse filing.The High Court ordered New Universe Environmental Technologies (Jiangsu) to pay over HK$25 million to each of two plaintiffs within 10 days after the judgments take effect. It revoked earlier rulings by a lower court.The case stems from legal proceedings initiated in 2022, when two plaintiffs alleged the subsidiary owed accrued and unpaid dividends and sought claims against both the unit and the company's ultimate controlling shareholder.All other claims by the plaintiffs were dismissed, the filing said.

HKG:0436

Asia162d ago

Market Chatter: HSBC Holdings Bond Banker to Leave Lender for Rival

A senior HSBC Holdings (HKG:0005) official overseeing part of the bank's bond business is leaving the firm for rival Bank of America, marking the second such departure in recent days, Bloomberg reported Monday, citing people familiar with the matter.Khaled Darwish, HSBC's head of debt capital markets for Central and Eastern Europe, the Middle East and Africa, is leaving the role for a position as head of Bank of America's Middle East and North Africa corporate banking in Dubai, the people told the news agency.Darwish's departure follows the exit of Nour Safa, who oversaw HSBC's debt capital markets for the Middle East and North Africa. Safa is reportedly joining Goldman Sachs Group.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0005

Asia162d ago

Altair Minerals Starts Inaugural Drilling Program at Guyana Project; Shares Reach Five-Year Peak

Altair Minerals (ASX:ALR) said its inaugural drilling program started at the Greater Oko project in Guyana, comprising of 15,000 meters of diamond drilling and 15,000 meters of rotary air blast drilling, according to a Tuesday Australian bourse filing.Initial drilling will start at the North Peters prospect, per the filing. Ongoing geochemical and geophysics works across the project will support a multi-year pipeline of priority targets.The company reported trenching results of 16.5 meters at 9.7 grams per tonne (g/t) grade of gold, as well as 39 meters at 3.8 g/t grade of gold from the North Peters prospect, the filing said.Altair Minerals' shares rose 10% in recent trading on Tuesday, reaching a five-year peak.

ASX:ALR

Asia162d ago

LS Eco Energy's Net Attributable Income Up 13% in Q1

LS Eco Energy (KRX:229640) posted first-quarter net income attributable to shareholders of 12.7 billion won, up 13% from 11.3 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the power and communication cables manufacturer were up 30% year over year to 296.4 billion won from 228.3 billion won.Shares of LS Eco Energy rose nearly 2% in recent trade.

KRX:229640

Asia162d ago

KKCG Maritime Says More Shares Tendered to Ferretti Stake Offer

KKCG Maritime said a further 13.5 million shares had been tendered to its offer to acquire Ferretti (HKG:9638) shares, bringing total acceptances to more than half its target, according to a Hong Kong bourse filing Tuesday.The Czech investment group launched the offer in January to acquire up to 52.1 million Ferretti shares for 3.50 euros apiece as part of a plan to increase its stake in the Italian yacht maker from 14.5% to 29.9%.The group's tender offer, which was later revised to 3.90 euros per share, does not have the Ferretti board's backing.Following the latest acceptances, KKCG Maritime said a total of 29.6 million shares had been tendered to its offer, representing around 8.75% of Ferretti's shares and 57% of the maximum 52.1 million shares sought.

HKG:9638

Asia162d ago

HKEX Unveils New Tech Indices Spanning Hong Kong, US, Korea

Hong Kong Exchanges and Clearing (HKG:0388) launched two technology-focused indices spanning Hong Kong, the U.S., and South Korea, according to a Monday press release.The HKEX KRX Semiconductor Index tracks Hong Kong-listed chip firms eligible for Southbound Stock Connect alongside leading South Korean semiconductor companies.The HKEX Tech & US Tech 100 Index combines constituents of the HKEX Tech 100 Index with the 100 largest Nasdaq-listed technology companies by market capitalisation.The exchange said the benchmarks are designed to enable cross-market exposure and support ETF development.HKEX also signed agreements with Bosera Asset Management (International), Da Cheng International Asset Management, E Fund Management (Hong Kong), GF International Investment Management, and Huatai-PCG Asset Management to launch ETFs tracking the indexes.

Hang SengHKG:0388

Asia162d ago

NZX Midday Sector Update: Distribution Services Rise, Finance Declines

Distribution services shares gained the most on New Zealand's Exchange, rising almost 2% by midday Tuesday.Shares of Vulcan Steel (NZE:VSL, ASX:VSL) rose nearly 2% in recent trade.Meanwhile, the finance sector fell 1%.Westpac Banking (NZE:WBC, ASX:WBC) was down almost 2% in recent trade.

^NZ50ASX:VSLASX:WBCNZE:VSLNZE:WBC

Asia162d ago

Metaspacex Says Lender Sold Controlling Shareholder's Shares Without Consent

Metaspacex (HKG:1796) said its controlling shareholder, China Sports Assets Management, had 102.3 million shares sold by a lender in the market without its authorization, according to a Tuesday Hong Kong bourse filing.The shares were disposed of between April 2 and April 9 at prices ranging from HK$0.17 to HK$2.07.Following the disposal, China Sports held 255.9 million shares, representing about 53.3% of the company.The company said it is reviewing the transactions, including the identity of buyers and potential compliance with listing and takeover rules.

HKG:1796

Asia162d ago

Polymetals Resources Ramps Up Mining, Processing at New South Wales Silver-Zinc Mine, Shares Up 13%

Polymetals Resources (ASX:POL) said it produced 547,302 ounces of silver, 1.9 million tonnes of zinc, and 1,064 ounces of gold at the Endavour silver-zinc mine in New South Wales as it ramps up mining and processing performance, according to a Tuesday Australian bourse filing.A total of 59,264 tonnes of Main Lode ore was mined and processed in January and February, with mill maintenance conducted over March.It added that 18,384 dry metric tonnes of high-grade direct shipping ore from the Upper North Lode were mined during the March quarter, and the first 5,500-tonne parcel was readied for shipment in April.Its shares climbed 13% in recent trading on Tuesday.

ASX:POL

Asia162d ago

Voyah Automotive's Controlling Shareholder to Increase Stake

Voyah Automotive Technology (HKG:7489) said its controlling shareholder Dongfeng Motor Group (HKG:0489) plans to increase its stake in the business, according to a Hong Kong bourse filing Tuesday.Dongfeng Motor, which already owns 69.47% of the business, plans to invest an additional 250 million yuan within 12 months in the company's H shares.

HKG:0489HKG:7489

Asia162d ago

Patronus Resources Acquires Remaining Stake in Western Australia Project's Guppy Gold Prospect; Shares Up 3%

Patronus Resources (ASX:PTN) purchased the remaining 20% stake in the Guppy-Benalla prospect for AU$250,000 in cash, giving it full ownership of the tenure within the Cardinia Gold Project in Western Australia, according to a Tuesday filing with the Australian bourse.The acquisition follows the completion of a AU$2 million, 80% earn-in over the tenements, and eliminates joint venture restrictions to give the company full control over exploration and any future development pathways, per the filing.Previous drilling at the area returned high-grade intercepts, including 12 meters at 12.4 grams per tonne grade of gold from 20 meters. The company said follow-up air core and reverse circulation drilling is planned, subject to the finalization of heritage surveys.Shares of Patronus Resources gained nearly 3% in recent Tuesday trading.

ASX:PTN

Asia162d ago

Lingbao Gold to Raise HK$771 Million via Share Placement, Subscription

Lingbao Gold (HKG:3330) plans to raise about HK$770.6 million in net proceeds through a share placing and top-up subscription, according to a Tuesday Hong Kong bourse filing.Jesi Industrial Development (Hong Kong) will place 29.8 million shares at HK$26.16 each to investors on a best-efforts basis.The placing represents about 2.2% of the gold miner's existing issued share capital.The placing price represents a discount of about 4.5% to the last closing price and about 6.8% to the five-day average price, the filing said.Lingbao Gold will issue the same number of new shares to the seller under a top-up subscription at the same price.Net proceeds will be used for overseas gold mining acquisitions, exploration, and expansion of mineral reserves, as well as working capital, the filing added.

HKG:3330

Asia162d ago

Suzhou Ribo Life Science Submits Phase 2b Trial Application for Vortosiran in Europe

Suzhou Ribo Life Science (HKG:6938) said it submitted a phase 2b clinical trial application to the European Medicines Agency for its core product Vortosiran for stroke prevention in atrial fibrillation, according to a Tuesday Hong Kong bourse filing.Vortosiran targets factor XI to reduce clotting activity and may offer thromboembolic protection with lower bleeding risk, the filing said.

HKG:6938

Asia162d ago

Orix To Exit IX NTI Holdings in Sale to Olympus Partners Unit

Orix (TYO:8591) has agreed to sell its entire stake in IX NTI Holdings, the parent of US telecom infrastructure company Network Connex, to a special purpose vehicle affiliated with Olympus Partners, according to a Tuesday filing on the Tokyo Stock Exchange.The transaction will transfer 100% ownership from Orix Capital Partners to NTI, subject to regulatory approvals, including clearance under US antitrust rules.Orix said the timing and financial impact remain uncertain, noting that any gain from the sale will depend on completion conditions and currency fluctuations.

TYO:8591

Asia162d ago

Sunstone Metals Says Drilling at Ecuador Project Intersects Wide Gold-Copper Mineralization, Shares Jump Over 16%

Sunstone Metals (ASX:STM) said its new diamond drilling program at the Copete porphyry system within the Bramaderos project in Ecuador intersected wide intervals of gold-copper mineralization within the first two drill holes, according to a Tuesday Australian bourse filing.It hit intercepts of 200 meters at 0.45 grams-per-tonne grade of gold-equivalent, including 0.33 g/t grade of gold and 0.07 % copper, as well as 162.2 meters at 0.32 g/t grade of gold-equivalent, including 0.20 g/t grade of gold and 0.07 % copper.Its shares jumped 16% in recent trading on Tuesday.

ASX:STM

Asia162d ago

Market Chatter: OSP Holdings Acquires US Peer Merchant To Expand Overseas

OSP Holdings has acquired U.S.-based Merchant Investments to expand in North America and capture rising demand for packaging labels, Nikkei reported Tuesday.The deal gives OSP its first manufacturing base in the U.S., strengthening its ability to respond to customers with shorter lead times, according to the report.The move comes as Japan's shrinking population pressures domestic growth, prompting OSP to lift overseas sales from a low base, the report said.Demand for packaged food, including meal delivery, continues to support growth in the U.S. label market, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225

Asia162d ago

Hastings Technology Metals Signs Offtake Agreement With Enuo for African Monazite Concentrate Supply

Hastings Technology Metals (ASX:HAS) said it has executed a framework offtake agreement with Enuo Holdings for the supply of a minimum 5,000 metric tonnes per year of African monazite concentrate to its hydrometallurgical plant in Thailand, according to a Tuesday Australian bourse filing.The company said the agreement provides for a two-year supply term with an option for a one-year renewal prior to the Yangibana project coming online, with commissioning of the hydromet plant expected to commence in June.The monazite concentrate contains magnet rare earth elements of neodymium and praseodymium of about 20% of total rare earth oxide (TREO), alongside dysprosium and terbium of about 1% to 1.3%, the filing added.Following Hastings' recent acquisition of a 49% interest in the hydromet plant, the agreement secures the raw material feedstock required to commission and operate the plant, with production planned to commence by the fourth quarter, the filing added.The company said that Enuo is its existing partner under a January technical services and research agreement covering Yangibana and Brockman ore test work, and the offtake agreement extends that relationship to the physical supply of concentrate for production.The company's shares rose 2% in recent Tuesday trade.

ASX:HAS

Asia162d ago

Prospect Resources Identifies Gold Mineralization at Zambia Copper Project

Prospect Resources (ASX:PSC) said it identified gold mineralization during a recent drilling at its Mumbezhi copper project's Nyungu Central deposit in Zambia, according to a Tuesday Australian bourse filing.The results were up to 23.1 meters at 0.55 grams per tonne grade of gold from 82.9 meters and 17 meters at 0.17 g/t gold from 47 meters.The results are in addition to the initial 32 re-assayed holes reported in January, the filing added.The company said receipt of gold results from the 26 remaining re-assayed holes is expected in late April.The company added that the widespread nature of the gold, coupled with in-situ cobalt, delivers "strong" potential to upgrade the Mumbezhi copper project economics via significant by-product credits, with all new gold results to be incorporated into an updated mineral resource estimate for Nyungu Central expected during the second quarter.The company's shares rose 2% in recent Tuesday trade.

ASX:PSC

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