Intellectual property specialist Tekcapital PLC (LON:TEK) said one of its portfolio companies is working on a technology that could be used to treat coronavirus victims. Belluscura and its research partner Separation Design Group have filed a patent on an oxygen enrichment system for people suffering acute respiratory distress, which occurs in those worst affected by the illness.
MTI Wireless Edge Ltd (LON:MWE) has won a contract worth around US$1.5mnn for the supply of radio frequency components.
Sustainable polymers specialist Itaconix PLC (LON:ITX) has unveiled a new line of functional additives derived from itaconic acid that can be used across a number of product areas, including paints and biodegradable plastics.
Xpediator PLC (LON:XPD) said profits were in line with expectations as turnover rose by nearly 20% in 2019 as the freight management specialist enjoyed the benefits of acquisitions and organic growth.
Shanta Gold Ltd (LON:SHG) is to purchase 100% of the shares of Acacia Exploration (Kenya) Ltd, the local Kenya subsidiary of Barrick Gold (NYSE:GOLD)(TSE:ABX). The primary asset is a 100% participating interest in the West Kenya project which has a resource currently pegged at just under 1.2mln ounces.
Power Metal Resources PLC (LON:POW) noted that Katoro Gold, in which it owns a 5.6% stake, has reported “good progress” at its gold tailings project in South Africa. The joint venture partners, including Blyvoor and Target, have also agreed to appoint Graham Briggs, former chief executive of Harmony Gold Mining, as the manager of the JV.
Rose Petroleum PLC (LON:ROSE) has received regulatory approval in Utah to extend its lease over the Paradox project, securing some 11,300 acres in the core project area for two more years. In the Rocky Mountain region, which is now Rose’s main focus, the company said it has achieved key milestones in the process of acquiring the McCoy lease – a 317 acre area in Colorado’s Denver-Julesburg Basin.
Bahamas Petroleum Company PLC (LON:BPC) said an extension has been made to the deadline for qualified Bahamian investors to invest in a Bahamian incorporated mutual fund that will invest in the company. Leno Corporate Services Limited, which is managing the fund, has extended the initial subscription period by three days to 5pm EST on Wednesday 12 February.
Ormonde Mining plc (LON:ORM) said it has identified two new non-executive director nominees to replace Michael Donoghue and John Carroll, assuming completion of the proposed disposal of the company’s 30% interest in the Barruecopardo Tungsten mine. The proposed disposal is up for a shareholder vote at a general meeting on Thursday 13 February.