Vast Resources PLC (LON:VAST) has received net cash proceeds of US$6.39mln from the drawdown of the first tranche of a loan from Atlas Capital. “We are pleased that Tranche 1 of the Atlas Capital Markets facility has been achieved and with the opportunity that this unlocks,” said Vast chief executive Andrew Prelea.
Pan African Resources plc (LON:PAF) has revealed a considerable improvement in earnings amid increased low cost production from tailings, output from remnant mining at the Evander mine, and higher gold prices. The company said that earnings per share for the six months ended 31 December would be in the range of 1.12 to 1.17 US cents, while headline earnings per share would be between 1.11 to 1.16 cents. This represents a significant improvement from the 0.39 cents and 0.50 cents per share respectively for the same period of 2018.
Rainbow Rare Earths Limited (LON:RBW) has exported a further 75 tonnes of concentrate from its Gakara deposit in Burundi. Grades were approximately 53% Total Rare Earth Oxides, of which 19.5% was Neodymium and Praseodymium, with the concentrate sold through offtake partner Thyssenkrupp.
OptiBiotix Health PLC (LON:OPTI), the life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, and Agropur Inc. have announced the launch of SlimBiome in the North American market. The move follows the announcement on 24 June 2019 that OptiBiotix had granted Agropur an exclusive license to manufacture, supply and distribute SlimBiome weight management technology in the USA, Canada and Mexico.
Europa Metals Ltd (LON:EUZ) has completed drilling at its Toral lead, zinc and silver project in north-west Spain. The AIM-listed company said it had completed the TOD-025 drill hole as well as a wedge, TOD-025D.
Rockfire Resources PLC (LON:ROCK) has found widespread indications of silver at its Plateau prospect in Queensland, Australia. The junior has already hit impressive gold grades from a drilling programme at the deposit, which it declared a major gold system in November. Any silver, however, would a bonus.
Sativa Group PLC (LON:SATI) has signed a deal to distribute its Goodbody Botanicals range of cannabidiol (CBD) products to pharmacies across the UK. The deal with pharmaceutical, medical and healthcare product distributor Alliance Healthcare will provide access to over 10,000 high street retailer customers, Sativa said.
EQTEC PLC (LON:EQT) highlighted significant progress with its recently refined strategy under its new chief executive, David Palumbo, over the last four months. The technology solutions provider for waste gasification to energy projects has continued its focus on three key verticals, namely the recovery of clean energy from biomass; the elimination of waste streams in the agri-food and industrial sectors; and elimination of municipal solid waste and refuse-derived fuel waste streams.
Thor Mining PLC (LON:THR) has had expressions of interest in acquiring the Spring Hill gold royalty entitlement, while talks are ongoing with potential partners for its tungsten project at Molyhil. Mick Billing, executive chairman, said the resource estimates at Bonya will significantly improve the production profile and economics of the Molyhil project and also increase the overall attractiveness of the project to strategic investors and offtake partners. “Discussions with these parties are ongoing,” he said.
Frontier IP Group PLC’s (LON:FIPP) portfolio firm, Exscientia, has begun phase 1 clinical trials of DSP-1181, the world’s first drug created by artificial intelligence (AI). The drug, created as part of a joint development agreement with Japanese firm Sumitomo Dainippon Pharma, is designed to treat obsessive compulsive disorder (OCD).
Scancell Holdings PLC (LON:SCLP) said it is increasing the number of clinical sites as it recruits patients to a UK phase II trial for its lead drug, SCIB1 for the skin cancer melanoma. The update was provided alongside the firm’s interim results, which charted a busy period for the immunotherapies specialist, one in which it brought on board a new major shareholder, the Vulpes Life Science Fund.
Power Metal Resources Plc (LON:POW) has highlighted an update from its 5.57% owned associate Katoro Gold Plc (LON:KAT) which has entered into a deal for participation in a gold production opportunity in South Africa. Katoro signed a ‘binding conditional agreement’ for the opportunity which envisages the reprocessing of tailings estimated to contain some 1.34mln ounces of gold.
Westminster Group PLC (LON:WSG) says 2019 was another record year for revenues, with turnover rising 63% year on year to £10.9mln. The security group also expects to report ‘greatly improved’ underlying profits compared to 2018, even with set up costs for its port project in Ghana and ventures in Saudi Arabia, Bahrain and Tunisia.
Ashley House PLC (LON:ASH), the health and housing property partner, said it has made good progress with its affordable housing strategy. Its F1 Modular unit has recently achieved practical completion on six affordable homes for Corby Borough Council and also on a disabled living scheme in Peterborough for a specialist care home operator.
Open Orphan PLC (LON:ORPH) confirmed it has raised £5mln that will be used to accelerate the growth of the pharma services group following its merger with hVIVO. The funds were raised through a placing of 71,254,110 new ordinary shares and a subscription for 15,631,143 new ordinary shares with certain institutional and new shareholders at an issue price of 6.1p per share.
Regency Mines PLC (LON:RGM) told investors it has now rebranded its ‘Energy Storage’ division to ‘Flexible Grid Solutions’. It also confirmed board approval progress for the first project to financial close, and added that first revenues are expected by the end of 2020. The first project is located in Southport, near Liverpool, and it will see the installation of a gas fired “peaker plant” capable of generating some 7.2 megawatts of power.
Berkeley Energia Ltd (LON:BKY), in its quarterly update, reported ongoing progress in the approvals progress in Spain for the Salamanca uranium mine. “The company continued to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the mine,” Berkeley said.
European Metals Holdings Limited (LON:EMH) has issued an update on activities at its Cinovec lithium and tin project in the Czech Republic for the three months ended 31 December. The AIM-listed firm said during the period shareholders had approved a subscription of around €34mln by Czech electricity conglomerate CEZ Group for a 51% stake in Geomet, European Metals’ Czech subsidiary and the owner of the Cinovec licences.
Genel Energy PLC (LON:GENL) told investors it has received its latest payment for oil produced in Kurdistan, northern Iraq. The company, in a statement, said that the partners in the Taq Taq field received US$7.8mln gross, of which Genel’s share amounts to US$4.3mln. The payment relates to oil sales in September. Additionally, a further US$7mln ‘override’ payment was received from the KRG representing some 4.5% gross licence revenue for the Tawke field for the month of September.
Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) said it is anticipating that it will finalise full funding for its Lake Way SOP project in Western Australia “in the coming months”. In a quarterly update for the period ending 31 December, the AIM-listed firm said stage 2 of the on-lake construction of the project was progressing on schedule, with the building of evaporation ponds and trench infrastructure having begun in November, with over 400 hectares of brine evaporation pond area nearing completion and 35 kilometres of brine abstraction trenches planned to complete.
Metal Tiger PLC’s (LON:MTR) part-owned associate Cobre Limited (ASX:CBE) has begun trading on the Australian Securities Exchange. Cobre – which owns an 80% interest in the Perrinvale copper project – raised A$10mln in an IPO and Metal Tiger subscribed for A$2.4mln of shares. Metal Tiger holds a 19.99% interest in the company.
Clear Leisure (LON:CLP) announced that on 29 January 2020 it was advised by Forcrowd Srl that, having sold 1,000,000 ordinary shares in the company on 18 December 2019 and 1,000,000 ordinary shares on 19 December 2019, the investor held, as at 19 December 2019, 52,218,847 ordinary shares representing 7.88% of the company’s issued share capital. Having sold further ordinary shares since 19th December 2019, Forcrowd has confirmed to the company that as at 29 January 2020 it holds 40,718,847 ordinary shares representing 6.15% of the company’s issued share capital. The group said Forcrowd has now entered in a lock-in period, in which it won’t be able to sell any of the company’s shares until 28 November 2020.
Greencoat UK Wind PLC (LON:UKW) announced that its unaudited net asset value as of 31 December 2019 was 121.4p per share. The company also said it will pay a quarterly interim dividend of 1.735p per share with respect to the quarter ended 31 December 2019 and that it has increased its target dividend for 2020 to 7.1p per share, in line with the Retail Prices Index for December 2019. The firm also advised shareholders that it will release its annual results for the period to 31 December 2019 on Thursday 27 February 2020.
Oracle Power PLC (LON:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant and a proposed coal to urea mine mouth plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan, said it has received notices of exercise in respect of certain pre-existing warrants to subscribe for, in aggregate, 16,000,000 new ordinary shares in the company at a price of 0.25p per share, amounting to a cash subscription of £40,000.