Proactive headlines: Jubilee Metals, Faron Pharmaceuticals, Redx Pharma…
A look at some of the main headlines from the Proactive newswire
Jubilee Metals Group PLC (LON:JLP) said it entered into long-term PGM (platinum group metals) feed supply agreement with a chrome mining customer, signalling Jubilee s PGM expansion into the Eastern Limb of the Bushveld Complex in South Africa.
Faron Pharmaceuticals Oy (LON:FARN, First North:FARON) said research has been published supporting the immunotherapeutic blockade of Clever-1 to activate anti-tumour immune responses in advanced cancer patients.
Redx Pharma PLC (AIM:REDX) said its second wholly-owned molecule has now entered the clinic. Candidate RXC007, which is being developed to treat fibrosis, will be administered to healthy volunteers to assess its safety and tolerability and also the way it interacts with the body.
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Galileo Resources presents drilling plans at Kalahari Copper Belt in western Botswana
Galileo Resources PLC s (LON:GLR) Colin Bird present his plans to commence drilling at its prospecting licences in the Kalahari Copper Belt in western Botswana.
Data processing is now complete, interpretation and drill target selection work on the Heliborne-EM geophysical survey has been carried out over two priority licences in its highly prospective KCB Project.
Bird also updates investors on The Star Zinc Project in Zambia which has been fully evaluated and is now ready to commence production as a small mining operation.
And finally he remarks on Jubilee Metals Group PLC which recently inked an agreement with Caerus Mineral Resources PLC for a six-month exclusive period for the assessment of copper and gold assets in Cyprus.
Message :
Required fields Producers of metals and other raw materials rose as traders rotated into value sectors, which have not risen as much in recent years, from growth sectors such as technology. Lumber and copper futures remained near all-time highs, reflecting what some strategists have called a new supercycle for commodities. Most investors hedge themselves against the risk of a slowdown in economic growth, but don t invest in things that do well when inflation is high, said Brent Schutte, chief investment strategist at money manager Northwestern Mutual Wealth Management. I think you need to hedge the upside [of economic growth]. The way to hedge that is to own commodities.
Jubilee Metals to hunt for copper and gold in Caerus waste assets
Tue, 4th May 2021 11:16
(Alliance News) - Jubilee Metals Group PLC on Tuesday said it has inked an agreement with Caerus Mineral Resources PLC for a six-month exclusive period for the assessment of copper and gold assets in Cyprus.
Jubilee Metals is a London-based metals processing company with operations in South Africa and Zambia. Caerus is a exploration & resource development company focused on minerals in Europe to supply the global clean energy drive. The ultimate objective of the exclusivity agreement is to identify and define potential projects within the Caerus portfolio that can be scaled-up and prioritised into one or more joint venture arrangements with Jubilee, targeting profitable production using modern designs and technologies guided and financed by Jubilee, Jubilee said.