Mineral & Financial Investments Limited (DI) (MAFL)

Sector:

Financials

Index:

FTSE AIM All-Share

35.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 38.00p
  • 52 Week Low: 9.75p
  • Currency: UK Pounds
  • Shares Issued: 37.91m
  • Volume: 189,162
  • Market Cap: £13.46m

Mineral & Financial agrees extension for Lagoa Salgada study

By Josh White

Date: Friday 23 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Mineral & Financial Investments announced an extension to the final delivery date of the feasibility study for the Lagoa Salgada project on Friday.
The AIM-traded firm and its joint venture partner Ascendant Resources had agreed on the extension, pushing the deadline to on or before 3 August.

Under the terms of the extension, Ascendant granted MAFL 500,000 common share purchase warrants.

The warrants would enable M&F to purchase one common share in Ascendant for each warrant exercised.

It said the warrants could be exercised at any time within a period of 30 months, while the exercise price was set at 20 cents per share.

The extension of the feasibility study delivery date would allow M&F and Ascendant additional time to complete the necessary assessments and evaluations for the Lagoa Salgada project.

"As set out in the announcements of 25 May and 15 July 2022, M&F currently holds a 50% interest in the Lagoa Salgada project through its position in Redcorp - Empreendimentos Mineiros, with Ascendant holding the other 50%," the board explained in its statement.

"Ascendant has an earn-in opportunity to increase its interest in the project to 80% of the Lagoa Salgada project through the completion of a feasibility study by the agreed deadline."

At 0854 BST, shares in Mineral & Financial Investments were down 0.2% at 17.47p.

Reporting by Josh White for Sharecast.com.

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MAFL Market Data

Currency UK Pounds
Share Price 35.50p
Change Today -0.50p
% Change -1.39 %
52 Week High 38.00p
52 Week Low 9.75p
Volume 189,162
Shares Issued 37.91m
Market Cap £13.46m

MAFL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.82% above the market average56.82% above the market average56.82% above the market average56.82% above the market average56.82% above the market average
38.78% above the sector average38.78% above the sector average38.78% above the sector average38.78% above the sector average38.78% above the sector average
Price Trend
80.91% above the market average80.91% above the market average80.91% above the market average80.91% above the market average80.91% above the market average
66.34% above the sector average66.34% above the sector average66.34% above the sector average66.34% above the sector average66.34% above the sector average
Income Not Available
Growth
7.45% above the market average7.45% above the market average7.45% above the market average7.45% above the market average7.45% above the market average
5.38% below the sector average5.38% below the sector average5.38% below the sector average5.38% below the sector average5.38% below the sector average

MAFL Dividends

No dividends found

Trades for 17-Oct-2025

Time Volume / Share Price
15:54 2,766 @ 36.00p
14:14 1,630 @ 35.23p
13:04 4,000 @ 36.00p
12:22 123 @ 35.01p
12:15 2,850 @ 35.23p

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