Redx Pharma PLC (LON:REDX) said grant funding for its latest project provided “validation” of its scientific capabilities. The AIM-listed group is collaborating with the Medicines Discovery Catapult, a government body that helps accelerate the discovery of new treatments, on potential new drugs for idiopathic pulmonary fibrosis.
Hurricane Energy PLC (LON:HUR) is beginning drill stem testing on the Warwick West well, located in the UK’s West of Shetland continental shelf.
Oracle Power PLC’s (LON:ORCP) resource on Block VI at Thar in Pakistan has been officially recognised as a potential coal gasification into fertiliser project. Pakistan is estimated to face a future fertiliser shortage and the use of lignite, via the gasification process, to produce urea can help to address the shortfall.
Alien Metals Ltd (LON:UFO) has notified the seller of the Hancock Ranges and Brockman iron ore projects, Windfield Pty Ltd, that it intends to exercise its option to acquire a 51% interest. The decision follows the completion of the technical due diligence report.
INTOSOL Holdings PLC (LON:INTO) chief executive Rainer Spekowius will loan the company 877,336 common shares in accordance with the acquisition of the luxury Oceans Wilderness Hotel in South Africa and the company will return the common shares at its discretion.