Jangada Mines (JAN)

Sector:

Mining

Index:

FTSE AIM All-Share

1.20p
   
  • Change Today:
      0.050p
  • 52 Week High: 1.40p
  • 52 Week Low: 0.63p
  • Currency: UK Pounds
  • Shares Issued: 258.60m
  • Volume: 2,461,827
  • Market Cap: £3.10m
  • RiskGrade: 521
  • Beta: 0.14

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Jangada applies for trial mining licence at Pitombeiras project

By Josh White

Date: Friday 19 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Jangada Mines has submitted an application to Brazil's national mining agency, Agência Nacional de Mineração (ANM), to obtain a trial mining licence for its wholly-owned Pitombeiras vanadium project in the country's Ceará State.
The AIM-traded firm said once approved, the licence would allow for the extraction of 300,000 tonnes of ferrovanadium-bearing material per year from its exploration licenses.

It said the purpose of the mining would be to evaluate the technical aspects and economic benefits of the Pitombeiras project.

"The application for the trial mining licence is another key step for Jangada in ensuring the transition from developer to producer with the aim to start production in 2022," said executive chairman Brian McMaster.

"On the submission of our application last week, we have been exceptionally well received by the top local mining authorities, state secretaries and community representatives, including the mayor of the municipality of Tauá where the project is located."

McMaster said the company had held a series of meetings and project site visits to show the "robustness" of the Pitombeiras project, detailed in its recent preliminary economic assessment, along with its development strategy and potential benefits to the local community.

"Upon the trial mining licence being granted, Jangada will work to implement a pilot plant, which will not only provide cash flow from operations but also will enable us to qualify bulk samples in the marketplace and establish future, firm offtake agreements on a larger scale operation."

At 1611 GMT, shares in Jangada Mines were down 2.7% at 9.05p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Jangada Mines Market Data

Currency UK Pounds
Share Price 1.20p
Change Today 0.050p
% Change 4.35 %
52 Week High 1.40p
52 Week Low 0.63p
Volume 2,461,827
Shares Issued 258.60m
Market Cap £3.10m
Beta 0.14
RiskGrade 521

Jangada Mines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.02% below the market average26.02% below the market average26.02% below the market average26.02% below the market average26.02% below the market average
71.88% below the sector average71.88% below the sector average71.88% below the sector average71.88% below the sector average71.88% below the sector average
Price Trend
17.78% below the market average17.78% below the market average17.78% below the market average17.78% below the market average17.78% below the market average
2.26% above the sector average2.26% above the sector average2.26% above the sector average2.26% above the sector average2.26% above the sector average
Income Not Available
Growth Not Available

Jangada Mines Dividends

No dividends found

Trades for 16-Jul-2025

Time Volume / Share Price
15:07 62,527 @ 1.12p
14:56 500,000 @ 1.00p
14:56 299,104 @ 1.00p
14:56 299,403 @ 1.00p
14:44 1,000 @ 1.00p

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