Sovereign Metals (SVML) provided its quarterly report for the period ended 31 December 2024.
SVML said that over the course of the next quarter, Sovereign will advance the Definitive Feasibility Study (DFS), provide updates on the rehabilitation component of the Pilot Phase, publish an upgrade to the MRE, continue with further graphite testwork to support potential offtake discussions and further its community and social development programs in Malawi.
Comment: There is a decent flow of constructive and material news from SVML, something which continues to drive the share price, currently on a market cap of £230m. But given the obvious merit of Kasiya, and the backing of Rio Tinto, we are surely only at the foothills of what the SVML’s rating should be.
SVM Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held
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