Trakm8 Holdings (TRAK) shares jumped 16.67% to 24p
Shares in the global telematics and data insight provider jumped despite having no news out.
In recent weeks, the Company announced that it had received London Stock Exchange’s Green Economy Mark, a classification for companies ‘driving the global green economy.’
John Watkins, Executive Chairman of Trakm8, said: “We are pleased to have received LSE’s Green Economy Mark, recognising Trakm8's contribution to the global green economy. The Mark supports
Trakm8 in communicating our green credentials to investors and other stakeholders, highlighting our efforts to support the transition to a low or net zero economy.”
Hummingbird Resources (HUM) shares rose 16.44% to 21.25p following $100m package
Hummingbird unveiled to investors that it has secured a $100 million financing package from Coris Bank International enabling it to fully fund the development of the Kouroussa Gold Mine.
The recently acquired Kouroussa Gold Mine in Guinea is forecast to be a high-grade, low-cost mine expected to produce an average of between 120,000 and 140,000 ounces (“oz”) for the first three years of production and average 100,000 oz over the life of mine (“LOM”).
The construction of Kouroussa is expected to begin this quarter, 4Q21, with first gold pour scheduled for the end of 3Q23 and the project is now fully funded through internal cash flows and the $100m facility from Coris Bank at a fixed interest rate of 8.5% over four years.
ITM Power (ITM) shares ticked up 10.18% to 426.2p after receiving €32.4m grant
In recent days, the energy storage and clean fuel company announced that a €32.4m grant had been secured by the Refhyne II consortium which will go towards the development of a 100 MW electrolyser which is to be sited at Shell’s Energy and Chemicals Park, Rheinland.
Refhyne II is a follow-on project to the 10 MW Refhyne I, Europe’s largest PEM hydrogen electrolyser. The 100 MW Refhyne II project will see an engineering design phase which will be followed by a final investment decision expected in 2022 with delivery scheduled for 2024.
Commenting on the project, Dr Graham Cooley, CEO of ITM, said: “Having successfully delivered the 10 MW Refhyne I project, the consortium partners will take the experience and learning they have gained to scale up tenfold for Refhyne II. This is a world leading project that demonstrates the increasing commitment by governments and industry to decarbonise, at scale, using zero carbon footprint green hydrogen. We are delighted to be a part of it.”
Diversified Energy Company (DEC) shares fell 20.12% to 101p amid report on methane leaks
Shares in the Company fell on Tuesday after Bloomberg Green published an article in which it reported on the issue of the Company buying unused gas wells which are emitting methane.
In response, Diversified Energy told investors that the story doesn’t “reflect the positive environmental, social and economic benefits stemming from the Company’s investment into - and stewardship of - its assets within communities in which the Company operates.”