Arafura Resources Limited (ASX: ARU)
Arafura Resources Limited entered the trading halt today.
The metals and mining sector company today requested the Australian Securities Exchange to place its securities in the trading halt pending the release of an announcement in relation to the proposed capital raising.
The regulator accepted the request thereby placing ARU securities at trading halt from the commencement of trading on Friday 12 April 2019. The halt is expected to remain in place until the earlier of 16 April 2019 or on the release of the market announcement as stated above.
Arafura Resources recently provide an update on progress towards finalising offtake agreements for its rare earth product offering from its 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.
The release of the DFS for the Nolans NdPr Project has facilitated the increased engagement with potential offtakers in Japan, South Korea, Europe and China underpinned by rising demand-side pressure for NdFeB magnets in applications of e-mobility, clean energy and factory automation.
ARU last traded at $0.072 with a market capitalisation of $51.94 million. Over the past 12 months, the stock has fallen by 37.82% despite the positive price change of 41.18% in the past three months.
Altech Chemicals Limited (ASX: ATC)
In the market announcement released today, the Australian Securities Exchange announced that Altech Chemical securities have been placed in trading halt at the company’s request, with effect from 12 April 2019.
Altech requested the trading halt due to the pending release of an announcement with regard to a capital raising. In the request to ASX, Altech mentioned that it is not aware of any reason why the trading halt should not be granted, nor of any other information necessary to inform the market about the trading halt.
Altech securities are reportedly expected to remain in trading halt till the earlier of 16 April 2019 or the release of pending capital raising announcement.
ATC stock price last traded at $0.130 with a market capitalisation of $0.130. Over the past 12 months, the stock has witnessed a negative performance change of 21.21% despite the upside momentum of 47.73% recorded in the past three months.
Tando Resources Limited (ASX: TNO)
Tando Resources also pressed the pause button on ASX ahead of the pending announcement on the finalisation of its mineral resource update.
The company told that resource update is a key step in progressing the Phase 1 Production of SPD Vanadium Project, which involves low capital costs due to the shallow nature of the high grade mineralised zones and the simple beneficiation process, with short lead time to production.
Following the announcement of the trading halt, Tando released the outcome of its latest round of drilling from the SPD Vanadium Project. The results have demonstrated the return of thick, near-surface whole rock intersections grading 1%+ V2O5 and is reported to enable the completion of Mineral Resource estimate.
As at 12 April 2019, TNO remains in a trading halt. The stock last traded at $0.100 with a market capitalisation of $19.47 million.
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