Gem Resources confirms the board has taken no decision to cancel the company's listing or to seek cancellation of its admission to trading.
Gem Resources (LSE:GEMR) shares rose 11% to close Tuesday 0.47p after the board this morning said it had taken no decision to cancel the company's listing.
The mineral exploration and mining group, which holds assets in South Africa, Australia and Zambia, said it continues to evaluate strategic and corporate opportunities in the ordinary course of business.
A funded life-of-mine deal with China's largest zirconium and titanium enterprise headlined a busy session for small-cap miners, with production milestones, high-grade discoveries, and new drilling programmes adding further substance across the sector. Copper, silver, gold, tin, and rare earths.