Baker Steel Resources Trust Provides Investment Update and May 2025 NAV
Why we think this is neutral
This RNS announcement provides an update on the company's investments and its latest net asset value (NAV) per share. It does not contain any of the mandatory news types, such as contract news, order news, trading update, financing, or annual results. Therefore, a neutral sentiment score is appropriate.
Key Points
- NAV per share increased by 2.8% to 92.2 pence
- Nussir and Hemerdon projects added to EU list of Critical Raw Materials projects
- Strong progress at Blue Moon's 3 main projects
- Development and economic plan to restart mining operations at the Hemerdon Mine announced by Tungsten West
- Financing and option agreement at Futura Resources
Summary
Baker Steel Resources Trust Limited (the "Company") has announced its unaudited net asset value per share as at 30 May 2025. The NAV per share increased by 2.8% from the last published NAV at 30 April 2025, largely due to increases in the listed share prices of Caledonia Mining Corporation Plc and Metals Exploration Plc.
The update also covers progress at the company's key investments, including Blue Moon Metals Inc's Nussir and Tungsten West Plc's Hemerdon projects, which have been added to the EU's list of Critical Raw Materials projects. The company also provides an update on the financing and option agreement at Futura Resources.