Kromek Group PLC (LON:KMK) gained 17% to 23.74p heading to close after its contract with the US Defense Advanced Research Projects Agency was extended.

Under the new deal, the detection technology specialist will receive up to US$5.2mln to further work on its mobile wide-area bio-surveillance system capable of detecting airborne pathogens.

“As the system can be vehicle-mounted or placed in high footfall areas such as hospitals and airports, the location where the sample is collected can be mapped to a GPS position,” said chief executive Arnab Basu.

2.55pm: Physiomics slips over share placing at 21% discount

Physiomics PLC (LON:PYC) lost 17% to 3.7p on Wednesday afternoon after placing 23mln shares at 3.5p each, a 21% discount to Tuesday’s closing price.

The tech company, which focuses on the oncology industry, raised £828,750 to further develop its activities and boosting marketing spend.

The AIM-listed firm added it is likely to sign “a significant contract” with “a new large pharmaceutical client”.

1.40pm: Beowulf Mining higher after awarding drilling contract at Kallak South

Beowulf Mining PLC (LON:BEM) surged 18% to 5.38p after awarding a drilling contract to Kati Oy to work on a seismic model at the Kallak South iron ore project.

Shares had already been rising on Tuesday on the news that the Swedish parliament will discuss its epic quest for mining rights in Sweden.

Lars Hjälmered, a Moderate Party Member in the Swedish Parliament, asked the government to decide on any mining activity in Kallak and Laver; Beowulf’s stalled iron ore project is in the Kallak region.

11am: Plant Health Care soars after positive field tests for disease control product

Plant Health Care PLC (LON:PHC) soared 61% to 10.29p in late morning thanks to positive results on field trials for one of its products.

The PREtec peptide PHC279 was tested for the control of plant diseases in corn, wheat and lettuce crops.

The AIM-listed firm is planning the launch of products based on its PREtec peptides, targeting markets worth US$5bn.

In the events space, Hyve Group PLC (LON:HYVE) jumped 19% to 19.23p after shareholders voted in favour of the proposed share consolidation and share issue.

The FTSE 250-listed company, which has taken a hard hit by the crisis having to cancel or postpone events, is looking to raise £126.6mln by issuing new shares.

Votes representing 98% of shares were for both resolutions.

10.10am: Fox Marble tanks on discounted conditional share placing

Fox Marble Holdings PLC (LON:FOX) was the top faller in mid-morning, tanking 30% to 1.98p on a share placing at a 38% discount to Tuesday’s closing price.

The marble quarrying firm is looking to raise £800,000 to boost its strategy of growing factory sales in Kosovo and the greater Balkans area, as well as increasing block sales to China.

The placing is conditional to shareholders’ approval.

Meanwhile, Pathfinder Minerals Plc (LON:PFP) slipped 19% to 0.62p after the Mozambique Supreme Court rejected the firm’s application to recognise a judgment by the English High Court.

The miner is contesting the ownership of a mineral licence, which it claims has been unlawfully removed from a subsidiary under the procurement of General Veloso, a retired senior Mozambique Government minister.

The UK court ruled that the licenses were lawfully acquired through a subsidiary and legal costs should be paid by General Veloso and his co-defendants.

8.45am: Cambridge Cognition lifted by £1mln worth of new contract wins

Cambridge Cognition Holdings PLC (LON:COG) shares advanced 10% to 27.1p in early trade on Wednesday on the back of £1mln worth of new contract wins.

The developer of digital brain health products won the new contracts to support pharmaceutical clients in delivering virtual clinical trials, with most of the cash expected to be recognised this financial year.

The AIM-listed firm said the ongoing coronavirus pandemic has accelerated the shift to digital processes in clinical trials.

Elsewhere, AorTech International plc (LON:AOR) added 5% to 110p after being granted a US patent for its polymer Elast-Eon.

The medical devices business said it is a major step to develop products using the polymer. Animal testing on the Elast-Eon sealed graft is expected to commence in the coming weeks.

Proactive news headlines:

Kromek Group PLC (LON:KMK) said it has been awarded an extension to its contract with the Defense Advanced Research Projects Agency (DARPA) to detect and identify pathogens in an urban environment. The detection technology specialist said under the new deal it will be awarded up to US$5.2mln to further work on its mobile wide-area bio-surveillance system capable of detecting airborne pathogens. The extension follows completion of the base period of the DARPA contract which was awarded in December 2018 to develop a vehicle-mounted biological threat identifier.

Zoetic International PLC (LON:ZOE) said it has signed a deal with Path Investments PLC to sell its 75% interest in DT Ultravert (DTU), a method for hydrocarbon well stimulation and protection, as well as its nitrogen assets in Kansas. The cannabidiol (CBD) products firm said under the deal Path will issue Zoetic with 15mln new shares together with warrants to subscribe for a further 15mln Path shares at 1.5p each at any time between the first and third anniversaries of the completion of the transaction. Path has also agreed to pay Zoetic royalties equal to 5% of all gross revenues derived from the DTU technology attributable to the 75% interest in perpetuity.

Argentex Group PLC (LON:AGFX), a provider of foreign exchange services to institutions, corporates and high net worth private individuals, has announced the completion of terms for a new London headquarters as momentum behind its growth strategy gathers pace. The group said the new headquarters – located at 25 Argyll Street, London, and managed by W.RE. – will support the significant expansion of headcount across all areas as Argentex recruits to meet the growing demand from its diversified client base for its leading foreign exchange services and advice.

Supermarket Income REIT PLC (LON:SUPR) has joined forces with the British Airways pension fund to buy a 25.5% stake in one of the UK’s largest portfolio of J Sainsbury PLC (LON:SBRY) stores. The 50:50 joint venture will pay vendor British Land PLC (LON:BLND) £102mln for the stake in the portfolio, which comprises 26 Sainsbury stores predominately based in London and the south-east. After the transaction, Sainsbury’s will own 49% of the freeholds of the properties, insurance group Aviva 25.5% and the JV the remaining 25.5%.

ECSC Group PLC (LON:ECSC) saw its shares move higher on Wednesday as the group announced the launch of its new Nebula Cloud cybersecurity breach detection service. The AIM-listed firm said Nebula Cloud will enable users to collect, store, and use Artificial Intelligence (AI) to analyse IT system logs and generate 24/7 alerts to potential cybersecurity breaches.

Iofina PLC (LON:IOF) has revealed it moved into a profit in 2019 after record iodine production for a second year running. In a statement covering the period for the year to December 31, 2019, the chemicals group reported revenues that rose by 22% to US$29.2mln while there was a pre-tax profit of US$600,000 compared to a loss of US$1.1mln. Net debt also fell to US$18.2mln from US$25.6mln and chief executive Tom Becker said the 2019 performance had left it in a “stronger position than ever from which to resolve its current debt situation”.

Eden Research PLC (LON:EDEN) said its licence agreement with Bayer Animal Health has been amended as there will be increased investment in the project, in part financed by Eden’s successful March fundraise. The biopesticides group will also contribute its expertise in bio-active substances to the formulation development process. The pair are working on an animal shampoo, a conditioner, a spray, and an ear flush using Eden’s encapsulation technology.

Touchstone Exploration Inc (LON:TXP) (TSE:TXP) told investors it has entered into escrow for a US$20mln seven-year loan with Trinidad and Tobago’s Republic Bank Limited. The loan will carry interest of 7.85%, payable quarterly in arrears, and is secured against the company’s assets and subsidiaries. “We are pleased to be able to source local financing from Republic Bank, the largest lender in Trinidad and the Caribbean,” said Scott Budau, Touchstone chief financial officer in a statement.

In a separate statement after the close on Tuesday, Touchstone Exploration also announced that on May 22, 2020, certain employees exercised share options representing a total of 101,400 common shares of no par value in the company.

Genel Energy PLC (LON:GENL) has told investors that average output from the 25%-owned Tawke production sharing contract in Kurdistan, Iraq  is expected to reduce down to 100,000 barrels of oil per day (bopd) in 2020, assuming new wells aren’t drilled to arrest the natural decline. Without new wells the 2020 exit rate is forecast to be marked at around 80,000 bopd. In the first quarter, production from Tawke amounted to 115,210 bopd and in the second it was down to 100,000 bopd, while for the remainder of 2020 it is predicted at around 90,000 bopd.

Diversified Gas & Oil PLC (LON:DGOC) has now completed the second of its lockdown acquisitions, sealing the deal to acquire 6,100 US wells from Carbon Energy Corporation. It paid US$110mln gross – US$98mln net – to acquire the package of wells which yield around 9,100 barrels of oil equivalent (boe) along with associated midstream and infrastructure assets, adding 4,700 miles of mid-stream with “flow optionality and margin-enhancing opportunities”. This completion comes just a day after DGOC completed a separate but similar acquisition of assets from EQT Corporation for US$112mln, to add 9,000 boe per day from 900 wells.

Eurasia Mining PLC (LON:EUA) said it has appointed a new nominated adviser (Nomad) and a non-executive director as well as updating on the status of its shares, which are currently suspended from trading on AIM. The company said it has appointed SP Angel as its nomad and joint broker with immediate effect, and added that qualified lawyer and experienced corporate financier Iain Rawlinson will join the board as a non-executive director. Meanwhile, the company said it will make a further announcement in due course regarding the status of CITIC Merchant Co Limited’s role and strategic options in its current mining assets, and that its shares will remain suspended pending further notification.

Nuformix PLC (LON:NFX) unveiled a new development agreement on Wednesday, alongside a trading update which demonstrated the resilience of the group’s business during the coronavirus (COVID-19) lockdown. Nuformix, which unlocks the therapeutic potential of known drugs, has teamed up with Nasdaq-listed VistaGen Therapeutics. The pair will work on new crystalline forms of VistaGen’s AV-101, which is being developed to treat conditions including neuropathic pain and epilepsy. Turning to current trading, Nuformix chief executive, Dr Dan Gooding, said last year’s £1.25mln fundraise and the business’ low operating costs, meant the firm was “well-placed to ride out the current worldwide issues”.

Amur Minerals Corporation LON:AMUR), the nickel-copper sulphide mineral exploration and development company focused on the far east of Russia, has raised £0.5mln, before expenses, through a share placing to progress the development of the Kun-Manie project. The placing of 47,619,048 ordinary shares of no par value at a price of 1.05p each was undertaken by SP Angel acting as the company’s broker.

Sareum Holdings PLC (LON:SAR) , the specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases, has announced that its CEO, Dr Tim Mitchell, will give a company presentation at BIO Digital 2020, which will be delivered on-line from June 8-12, 2020. The presentation will highlight Sareum’s two proprietary TYK2/JAK1 kinase inhibitor programmes, SDC-1801 and SDC-1802, targeting autoimmune diseases and cancers, respectively.

Circassia Group PLC (LON:CIR) has announced that the mandatory 30 day waiting period for US anti-trust clearance expired at midnight on May 26 and, accordingly, the proposed transfer of the Tudorza and Duaklir assets to AstraZeneca PLC (LON:AZN) first announced on April 9, 2020, is now expected to complete during the course of the next three days. A further announcement will be made once completion has taken place.

KRM22 PLC (LON:KRM), the technology and software investment company, has announced that further to its announcement of May 14, 2020, Keith Todd, the group’s executive chairman and CEO, Kim Suter, its chief financial officer, and Steve Sparke, a non-executive director of the company have subscribed for an aggregate of 449,998 new ordinary shares in KRM22 at a price of 30p each. Following the share subscriptions, the group added, Todd has a 10.69% holding in the company, Suter has a 0.11% holding, and Sparke has a 2.08% holding.

ADES International Holding PLC (LON:ADES) has announced that it will be holding its annual general meeting (AGM) on Monday, June 22, 2020, at the ADES premises, Building No. B5 Capital Business Park, Floor No.5, Sheikh Zayed City, 6th of October, Giza Governorate, Egypt at 4.00pm UK time/5.00pm Egypt time. Due to current travel restrictions and measures implemented in relation to the ongoing coronavirus (COVID-19) situation, remote access to the AGM will be provided to members upon request in accordance with the terms set out in the notice. The group said members are encouraged to submit their proxy forms to cast their votes, and, in addition, are requested to submit their questions in advance in accordance with the terms set out in the notice. Updates and details can be found on the company website at

US Oil & Gas PLC (LON:USOP), the oil and gas exploration company with assets in Nevada, announced that at its annual general meeting held on Tuesday, May 26, 2020, all resolutions were duly passed.

Vast Resources PLC (LON:VAST), the AIM-listed mining company, said that a new video the company has produced introducing its Baita Plai Polymetallic Mine in Romania will be posted on its website at and on its social media pages. The new video entitled ‘Welcome to Baita Plai’ includes a driving tour of the Baita Plai complex, a walking tour of the renovated administration building as well as interviews with key personnel in the underground sections and floatation plant. The video concludes with several interviews of key staff working at Baita Plai, including the new general manager, chief mechanical engineer, a senior mining engineer and a geologist.

Benchmark Holdings PLC (LON:BMK), the aquaculture genetics, health and advanced nutrition company will be conducting a live presentation covering its interim results for the six months ended March 31, 2020, including an update on how coronavirus (COVID-19) is impacting the business. The event will take place at 12pm UK time on May 29, 2020, and the online presentation is primarily targeted at retail investors and is open to all existing and potential shareholders. Questions can be submitted during the presentation and will be addressed at the end. To register for the event investors should go to: