Alexander Mining (AXM)

Sector:

Mining

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 0.045p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.14p
  • 52 Week Low: 0.025p
  • Currency: UK Pounds
  • Shares Issued: 4,382.48m
  • Volume: 2,491,794
  • Market Cap: £1.97m
  • RiskGrade: 862

Alexander Mining unearths Zambia patent for cobalt leaching method

By Duncan Ferris

Date: Monday 26 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Alexander Mining's subsidiary MetaLeach Limited has been granted an African Regional Intellectual Property Organisation patent in Zambia, the company announced on Monday.
The patent concerns the company's method for leaching cobalt from oxidized cobalt ores and has a standard term of 20 years from 6 August 2010 when the initial filing for the patent was made.

Martin Rosser, chief executive of Alexander Mining, said: "The technology described in the patent has potential application for the extraction of cobalt from a range of oxidised or non-sulphide deposits. Cobalt, an essential component of lithium ion batteries, is a core target metal for the commercialisation of our intellectual property and we now have patent protection coverage in Zambia, one of the world's most prospective countries of patent use."

Production of the metal from Zambia, the Democratic Republic of Congo, Madagascar, South Africa and Zimbabwe accounts for more than 71% of the world's cobalt.

Further to the new patent, the AIM-listed mining and mineral processing firm entered into an agreement with Turkish mineral processing specialist Proses Mühendislik last week to investigate commercial opportunities for MetaLeach's technology in Turkey, Iran and the rest of the Middle East.

"We are delighted with this partnership agreement with Proses. Proses is a highly regarded mineral processing consultancy with a strong presence in a part of the world that is highly prospective for our technology," said Rosser of the agreement.

As of 1638 GMT, Alexander Mining's shares were up 2.22% at 0.12p

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AXM Market Data

Currency UK Pounds
Share Price 0.045p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.14p
52 Week Low 0.025p
Volume 2,491,794
Shares Issued 4,382.48m
Market Cap £1.97m
RiskGrade 862

AXM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.62% below the market average38.62% below the market average38.62% below the market average38.62% below the market average38.62% below the market average
22.69% below the sector average22.69% below the sector average22.69% below the sector average22.69% below the sector average22.69% below the sector average
Price Trend
89.75% below the market average89.75% below the market average89.75% below the market average89.75% below the market average89.75% below the market average
70.08% below the sector average70.08% below the sector average70.08% below the sector average70.08% below the sector average70.08% below the sector average
Income Not Available
Growth Not Available

AXM Dividends

No dividends found

Trades for 22-Aug-2019

Time Volume / Share Price
11:46 1,266,794 @ 0.042p
11:04 600,000 @ 0.042p
08:00 625,000 @ 0.042p

AXM Key Personnel

CEO Martin Rosser

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