I3 Energy PLC (LON:I3E) has reported a discovery from its Serenity well in the North Sea. Describing it as transformational, I3 said the well results were consistent with its pre-drill estimates of 197 million barrels of oil in place. Along with Liberator, Serenity is one of two licences in the North Sea that are 100% owned by I3.
Europa Metals Ltd (LON:EUZ) has boosted the indicated resource at its Toral project in Spain to 2.7mln tonnes grading 8.9% zinc equivalent. The overall resource now stands at approximately 18mln tonnes at 7.4% zinc equivalent. It all amounts to a 30% increase in contained tonnes of zinc to approximately 830,000 tonnes, a 12% increase in contained tonnes of lead to approximately 570,000 tonnes and an 8% increase in contained ounces of silver to approximately 14 million ounces.
Rainbow Rare Earths Ltd (LON:RBW) shipped a further 100 tonnes of concentrate grading at around 56% total rare earth oxides (TREO) in October, as demand for the company’s product remains strong. Additional shipments of concentrate from Rainbow’s Gakara project in Burundi are due for processing in the coming weeks.
Integumen PLC (LON:SKIN) aims to add new revenue-sharing deals after launching an open-source version of its artificial intelligence-driven data management platform for organisations in any industry. Rinodrive, a cloud-based platform that has been in development since 2016 by Integumen subsidiary, Rinocloud, is a set of software tools that use AI for better data aggregation, refining and analysis.
Oriole Resources PLC (LON:ORR) has received income of two million Turkish lira, or around US$341,000, in the year to date from success-based payments relating to operations in Turkey and through consultancy fees. This has enabled the Turkish team to become financially self-sustaining during 2019, whilst it continues to manage the company’s investments in the country.
Bloomsbury Publishing Plc (LON:BMY) expects that its full-year performance will be in line with expectations following an encouraging first-half performance, with the second half, traditionally higher in revenue, to bring in even better results than previous years. The book publisher said the growth will be driven by its “strong” consumer list, having released the illustrated Harry Potter and the Goblet of Fire by J.K. Rowling and Jim Kay this month, ahead of the peak festive period.
Eckoh PLC (LON:ECK) has hailed a “very strong” first half with double-digit revenue growth across both the UK and the US. In a trading update for the six months ended 30 September, the secure payments group said contracted business revenues in the US had risen 15% year-on-year to US$14.4mln, while in the UK incomes climbed 8% to £7.9mln. Both increases were in line with expectations.
Futura Medical PLC (LON:FUM) has presented new information it said adds to the growing body of safety and efficacy data supporting a gel it is developing for erectile dysfunction. MED2005, which is currently undergoing a phase III clinical trial, demonstrated a “dose-proportional” increases in penile blood flow, according to the abstracts presented to an industry conference that took place in Nashville. Published for the Sexual Medicine Society of North America gathering, the data also revealed the gel had a “good safety profile” for the female partners of the men using it.
Telit Communications PLC’s (LON:TCM) industrial internet of things (IoT) platform has been validated for use in software supplied by computing giant Dell Technologies Inc (NYSE:DELL). The AIM-listed firm said its deviceWISE Asset Gateway software will be used in Dell’s Edge Gateway 3000 series. Telit also announced the appointment of Anthony Dixon as a non-executive director with immediate effect. Formerly a corporate finance solicitor at global law firm Ashurst before moving in-house, the firm noted that Dixon was the General Counsel and Company Secretary of FTSE 250-listed Pace PLC between 1997 and March 2016.
Europa Oil & Gas PLC (LON:EOG) provided insights on the potential of its Atlantic licenses as it updated on the status of farm-out negotiations with a “number of parties” interested in partnering with the group. It has been in talks with a division of a major oil company interested in its offshore Ireland areas FEL 4/19, FEL 1/17 and FEL 3/13. While those talks have been ongoing for more than a year, Europa has been in contact with other potential collaborators.
Argo Blockchain Plc (LON:ARB) has increased the number of Bitcoin mining machines in production to 6,500 following the installation of 500 new Antminer T17’s. The cryptocurrency miner said an additional 5,500 machines were currently on order and were expected to be installed by the end of the current quarter.
Alien Metals Limited (LON:UFO) said it is looking at “acquisition opportunities” in precious metals, while continuing due diligence in relation to its option to acquire a 51% stake in the Hancock Ranges and Brockman iron ore projects in Western Australia. Alien and its technical consultants have visited the Pilbara sites over the past week and taken “numerous samples” that are now being assayed by an independent laboratory in Perth.
Power Metal Resources PLC (LON:POW) has selected the initial targets for drilling at the Molopo Farms nickel project in Botswana. An airborne survey was carried out earlier in the year and an original list of 17 possible drill sites has been whittled down to five by Kalahari Key, the company carrying out the exploration.
Goldplat PLC’s (LON:GDP) shares got a boost on Tuesday after it announced that it returned to profit in the third quarter, beating depressed trading last year. In a quarterly operational update for the three months to end September, 2019, the AIM-listed gold producer said its performance improved during the quarter as continued production in South Africa was supported by an increase in the gold price, and as production levels in Ghana rose due to an increase in material sourced.
Greatland Gold PLC (LON:GGP) believes there is potential to fast-track the Havieron project to a feasibility study if the trend of positive drilling results continues. Following a farm-in agreement with Newcrest Mining Limited (ASX:NCM) in March, the miner announced three sets of “excellent” results post year-end, with Newcrest increasing the number of drill rigs from two to six and meeting the US$5mln minimum expenditure commitment ahead of the expected timetable.
Uranium specialist Yellow Cake PLC (LON:YCA) will consider a buy-back of its shares if the current discount to its net asset value persists. The AIM-listed business has just published an estimated net asset value of US$252mln (£197mln) compared to a market value of £168mln. Yellow Cake’s NAV was based largely on a stockpile of 9.62 million lbs of physical uranium (U3O8) valued at a spot price of US$25.65/ lb.
Galantas Gold Corporation (LON:GAL) has temporarily suspended blasting operations at its Omagh gold mine, Northern Ireland. Blasting operations are currently limited, since all blasting must be supervised by the Police Service of Northern Ireland, as the subject of explosives is a sensitive issue there. Presently the supervision level is not sufficient for work to continue.
Eurasia Mining PLC (LON:EUA), the established producer of palladium, platinum, iridium, rhodium and gold, said it has received notification from warrant holders to exercise warrants over 16,999,997 shares, with the consideration for the exercise amounting, in aggregate, to a cash value of £102,000. Eurasia’s chairman Christian Schaffalitzky commented ‘We note the recent share price increase, which has encouraged further exercises by warrant holders, further strengthening the Company’s cash position, which will help us to further scale up production at our West Kytlim Mine.’
Gaming Realms PLC (LON:GMR) powered higher after news that its chairman made a £100,000 purchase of shares. The company announced that Michael Buckley had upped his stake in the esports company to 9.5% after he bought another 2mln ordinary shares last Friday.
Ades International Holding PLC (LON:ADES) said it was notified on 29 October 2019 that Dr. Mohamed Farouk Abdelkhalek, CEO of the company, purchased 1,000 of the company’s ordinary shares at average price of US$ 13 each. The group noted that, following this transaction, Abdelkhalek has direct and indirect beneficial interests in 2,071,969 Shares representing 4.73 % of the company’s issued share capital.
NQ Minerals PLC (LON:NQMI) saw record production from Hellyer in September as it continues to tweak operations at the mine in Tasmania. Lower grades meant zinc output dipped to 3,311 tonnes (t) from 4,414t in the third quarter, while an outage reduced pyrite production to 10.109t from 28,375t. Lead was better, with production rising for a third-quarter running to 6,656t.
Custodian REIT PLC (LON:CREI) said it is “considering a pipeline of opportunities”, as the UK property investor champions a selective approach to buck the property market gloom. Richard Shepherd-Cross, Custodian’s chief executive, said: “We believe a selective approach to acquisitions can still yield investment opportunities in the current market and consider the Company well-positioned with long-term debt facilities and low net gearing to take advantage of opportunities as they arise.”
Greencoat UK Wind PLC (LON:UKW) has announced that Tim Ingram, who has served as its non-executive chairman since 2012, has confirmed his intention to retire with effect from the conclusion of the April 2020 Annual General Meeting. The FTSE 250-listed firm said that, following a rigorous, externally-supported selection process, Shonaid Jemmett-Page will be appointed as its non-executive chairman following the 2020 AGM.
Shefa Gems Ltd (LSE: SEFA) has announced that Avi Taub, its chief executive officer has passed away following a short illness. The group noted that during the period of Avi’s illness, the company’s processes were run by its chairman, Michael Rosenberg and Vered Toledo, chief operating officer with the support of the administrative team including Yossi Taub, the son of Avi, and they will continue to do so in the interim period. It said a further announcement will be made in due course.
AdEPT Technology Group PLC (LON:ADT), one of the UK’s leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announced that Craig Wilson has been appointed as a non-executive director of the company with immediate effect. The group noted that Wilson was formerly chief executive officer of Xchanging Plc and during his 37 years in the IT Services arena led some of the largest Managed Services companies in the UK including; EDS, Hewlett-Packard Enterprise Services and CSC. AdEPT also announced the retirement today of Dusko Lukic as a non-executive director with his position being taken by Wilson.
Westminster Group PLC (LON:WSG) said it has been informed of the passing of its deputy chairman, Lt Col Sir Malcolm Ross. The company noted that Ross was Westminster’s chairman from 2007 and was an inspirational and supportive leader, moving to become deputy chairman in 2017 in order to allow more time for his public duties.
Cabot Energy plc (LON:CAB), the AIM quoted oil and gas company focussed on creating predictable production growth in Canada, announced the proposed cancellation of trading in its ordinary shares to on AIM and its re-registration as a private limited company. The group said, following a careful review of the benefits and drawbacks of being an AIM quoted company, it has concluded that the cancellation of its admission to trading on AIM is in the best interests of both shareholders and the company.
Braveheart Investment Group PLC (LON:BRH), the fund management and strategic investor Group, announced that, further to its announcement dated 18 September 2019, the firm has acquired the remaining issued share capital of Paraytec Limited not currently owned by it. The group said the offer, which was accepted by all the other shareholders of Paraytec, will be satisfied by the issue of 995,186 new ordinary shares in Braveheart with a total consideration aggregate value of £111,652, based on the volume weighted average price of a Braveheart ordinary share calculated for the period 1 July 2019 to 31 August 2019.
Franchise Brands PLC (LON:FRAN), a multi brand franchisor, announced that it will be attending as one of the exhibitor companies at the Mello London 2019 investor conference taking place on Tuesday 12th and Wednesday 13th November 2019 at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY. The group said Stephen Hemsley, its executive chairman will be presenting to delegates on Wednesday 13th November 2019.
Verona Pharma PLC (LON:VRP) (NASDAQ:VRNA), a clinical-stage biopharmaceutical company focused on respiratory diseases, today announced that it will report its financial results for the three and nine month periods ended September 30, 2019 on Tuesday, November 5, 2019 and host an investment community conference call at 8.00 am EST (1.00pm GMT) to discuss the third quarter financial results and provide a clinical development update.