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Alba Mineral Resources ( (GB:ALBA) ) has shared an announcement.
Alba Mineral Resources reported its interim results for the six months ended May 31, 2025, highlighting significant progress in its asset portfolio. The company completed Phase 1 of its blasting program at Clogau, yielding gold from processed ore and minting limited-edition Welsh gold coins, which sold at a premium. Alba also renewed exploration rights at Clogau and plans further development, including the production of gold pendants. The acquisition of a controlling interest in the Motzfeldt Project, rich in critical elements, aligns with Alba’s strategy to tap into the global energy transition market. Financially, Alba reported a loss of £761,000, with net assets slightly reduced due to increased liabilities and investment adjustments. The company aims to resume blasting at Clogau and advance its projects in Sweden and Greenland.
More about Alba Mineral Resources
Alba Mineral Resources PLC is a company engaged in the exploration and development of mineral properties, primarily focusing on gold and rare earth elements. The company operates projects in Wales, Sweden, and Greenland, with a strategic emphasis on historically productive or advanced stage assets in stable jurisdictions.
Average Trading Volume: 67,690,193
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.51M
See more data about ALBA stock on TipRanks’ Stock Analysis page.