Stocks of the Hour: Euro Manganese, Golden Deeps, Bastion Minerals

Company News

by Abbey Phillipps

A snapshot of the stocks on the move featuring Euro Manganese (ASX:EMN), Golden Deeps (ASX:GED) and Bastion Minerals (ASX:BMO).

EMN announces offtake term sheet with Verkor

Euro Manganese (ASX:EMN) has announced an offtake term sheet with Verkor, a low-carbon battery manufacturer based in France, for the sale of high-purity manganese sulphate monohydrate. The term sheet is non-binding. In response, Dr. Matthew James, President & CEO of Euro Manganese, commented, “I am immensely proud of the team and their hard work in negotiating the first long-term offtake term sheet, with a pricing structure, from a Western supplier in the high-purity manganese market.” Shares are trading 5.97 per cent higher at 35.5 cents.

Exceptionally high-grade V-Zn-Pb concentrate from Abenab

Golden Deeps (ASX:GED) has announced that exceptionally high grade metal concentrates at their project in Namibia. In response, Golden Deeps CEO Jon Dugdale said: “The testwork results open the door to replicating the process for the Nosib discovery and then completing downstream testwork to produce high-value battery metals products.” Shares are trading 10 per cent higher at 1.1 cents.

Further high-grade gold results - Capote

Bastion Minerals (ASX:BMO) has announced that further high grade gold intercepts have been found at their project in Chile. In response, Bastion’s Executive Chairman, Mr. Ross Landles, commented: “Drilling at Capote confirms the vein system has high-grades, including near surface intervals. Now that we have received all the results from our maiden drilling campaign we will assess the future resource potential and sites for further drilling.” Shares are trading 3.12 per cent higher at 3.3 cents.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?