Zephyr Energy PLC (LON:ZPHR) told investors that a portion of its acreage in Utah’s Paradox basin has been selected for assessment in a US Department of Energy backed study. The study, entitled “Improving Production in Utah’s Emerging Northern Paradox Unconventional Oil Play”, will be conducted by the University of Utah’s Energy & Geoscience Institute (EGI) and the Utah Geological Survey (UGS). As part of the study, the EGI and UGS plan to drill a vertical stratigraphic test well to gather data to improve the understanding of the Paradox Basin play. This well will be drilled within Zephyr-leased acreage, subject to the negotiation of final funding terms and permitting. The well will be funded via DOE grant and is slated before the end of 2020.
Ferro-Alloy Resources Limited (LON:FAR) revealed that it has developed technology for the production of electrolyte for vanadium flow batteries (VFBs). The vanadium mining and processing company, with operations based in Southern Kazakhstan, said it has applied for a patent for the production of vanadium electrolyte directly from ammonium metavanadate (AMV). Vanadium electrolyte is used in the operation of VFBs. The ability to make electrolyte directly from AMV cuts out the cost of conversion of AMV to vanadium pentoxide from which electrolyte is usually made, giving the company not only the required know-how to enter this market, but also a cost advantage over traditional processes, it said.
Oncimmune Holdings PLC (LON:ONC) said it is “building momentum” with its ImmunoINSIGHTS offering after signing its fourth partnership agreement with a top-ten bio-pharma company in under four months. Oncimmune’s expertise will be deployed to in a pilot programme to profile patients receiving a type of cancer drug called an immune checkpoint inhibitor. Specifically, the aim is to assess which patients are most likely to tolerate and respond positively to the treatment. The programme, which will see the deployment of the biomarker discovery engine, SeroTag, is expected to be concluded by in the second quarter of next year.
Thor Mining PLC (LON:THR) said assays from the latest stream sediment sampling program at the Ragged Range project in its Pilbara Goldfields tenements in Western Australia have “exceeded management expectations”. The AIM-listed group said the results from 2020 detail sampling support extend from two 2019 test sites defining a zone of “highly anomalous gold”, with sampling results having also defined an overall broader target zone and demonstrated potential to host a “significant gold-bearing system”. Thor also said samples defining the 13-kilometre gold target zone are from separate drainage catchments and supported the potential of gold mineralisation along the entire strike length.
BlueRock Diamonds PLC (LON:BRD), the AIM-listed diamond producer, has announced the sale of 3,805 carats of the gemstones and is changing its policy on the announcement of individual diamond sales. The group, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, said the stones were sold at an average price of US$330 per carat for an aggregate consideration of US$1,255,000. The group said it is modifying its announcement policy such that for the foreseeable future BlueRock will announce all individual diamonds valued at above US$50,000 when formally valued.
Tissue Regenix Group PLC (LON:TRX) has reported significantly reduced losses in the first half of its current year as the company highlighted continued “strong” demand for its products despite market disruption caused by the coronavirus pandemic. For the six months ended June 30, 2020, the regenerative medicine group reported an underlying EBITDA loss of £2.1mln, narrowed from a £3.6mln loss in the prior year, while revenues were maintained at the same level as a year ago at £6.1mln. The company also highlighted a reduction in its overhead cost base to £5.5mln from £7.1mln in the first half, adding that it has also secured additional distribution agreements in the period for its Matrix OI, DentalFix and AmnioWorks products to diversify its sales portfolio.
Zoetic International PLC (LON:ZOE) has announced a deal to sell its legacy oil and gas assets located in Colorado. The deal is worth US$376,000 though minimal net proceeds will be retained once a US$276,574 debt is repaid to ANB Bank and historic amounts due to operator True Oil are paid. The company expects final proceeds will be less than US$20,000. Significantly, with the exit from oil and gas business, the Cannabis and CBD products company will eliminate the group’s most substantial liabilities and operating costs. Zoetic, for example, expects to save around US$1mln per year from the closing of its natural resources office.
MetalNRG PLC (LON:MNRG) has highlighted “good progress” to date on a number of projects as it delivered results for the first half of its current year. The natural resource investment and exploration group said during the six months to June 30, 2020, it has completed two campaigns at its Goldridge asset in Arizona which had presented “extremely encouraging results” and affirmed its belief that the project is “a unique exploration and production opportunity with demonstrable high-grade mineralisation and the potential for early avenues to revenue generative processing and a larger scale exploration opportunity”.
Amur Minerals Corporation (LON:AMC) announced that it has appointed Adam Habib as its president and an executive board member with effect from September 1, 2020. The group said Habib will continue to guide and advance funding and strategic partnership considerations allowing for the continued development of the company’s far east Russian Kun-Manie nickel and /copper sulphide project. The company added that its focus will be on the execution of Binding Offtake Contract(s) and funding of the mutually supportive Russian and Western Definitive Feasibility Studies.
Live Company Group PLC (LON:LVCG) said it has signed a new contract with Hadran in Israel for a BRICKLIVE Brickosaurs tour that will run from October 2020 until May 2021. “Our strategy of maximising year-round asset utilisation by continuing to build on our relationships in the Southern Hemisphere has started to come into fruition”, Live Company chairman David Ciclitira said in a statement. “This means that Brickosaurs is now sold out until November 2021 with ongoing discussions for it to tour in Asia throughout 2022. We also have signed contracts in South Africa with BRICKLIVE Ocean for December 2020 and are in advanced conversations with clients in Australia for a potential Touring Show at the end of 2021”, he added.
Ariana Resources PLC (LON:AAU) told investors it has unearthed a new high-grade gold vein at the Kiziltepe mine in Turkey. The vein was discovered in the hanging-wall of the Arzu South part of the mine. Testing yielded grades of up to 6.09 grams per tonne plus 107.58 grams per tonne silver. Ariana at the same time noted what it described as further significant results that show the potential for underground development at Arzu South. It includes highlight results with 2.18 to 3.39 grams per tonne gold and 31.68 to 53.53 grams per tonne silver in intersections of around 10 metres.
Seeing Machines Limited (LON:SEE) shares climbed on Wednesday as the company unveiled a new embedded product strategy for the automotive market. The AIM-listed firm, which specialises in artificial intelligence (AI) powered operator monitoring systems, said the new three-pillar strategy is targeting the “rapidly expanding camera-based interior monitoring market”. The first pillar involves the company’s FOVIO Chip being newly enhanced with its Occula Neural Processing Unit, while the second strand is a “low-friction integration pathway into any vehicle integration point” including smart mirrors, instrument clusters, infotainment displays or centralised processing systems. The final pillar will see the company make Occula available for license as an application-specific integrated circuit (ASIC) to semiconductor companies for integration with any automotive computing platform.
Sunrise Resources PLC (LON:SRES) has told investors that the appeal window has now closed following the approval of its proposed mining operation in Nevada. The Bureau of Land Management (BLM) in mid-August authorised the CS Pozzolan-Perlite project and a customary appeal period followed, though the company today confirmed that no objections were received. “We are pleased to see that the various appeal periods are passing without any objections or appeals and that we now have a clear green light for the mine development from both the BLM and BMRR,” Patrick Cheetham, Sunrise chief executive said in a statement.
Bushveld Minerals Limited (LON:BMN) has told investors that the ramp-up of operations following the coronavirus pandemic lockdown has continued and it expects annual group production to be up by 25%-35% compared to 2019. The company added, however, that it won’t catch-up the volumes missed out on during lockdown, due to changes to allow social distancing, and as a result, the full-year production tally will be at the lower end of prior guidance. It is anticipating production in the range of 3,660 and 3,950 tonnes of vanadium for 2020.
ImmuPharma PLC (LON:IMM) said it has raised £6.5mln via an oversubscribed share placing with the cash earmarked to develop the group’s drug pipeline. New and returning investors were given the chance to acquire shares at 11p each. Backers of the fundraiser, Stanford Capital Partners and SI Capital, meanwhile, were granted warrants exercisable at 11p under the terms of the deal. The cash injection will be used to bring through new promising targets, including BioAMP-B, for the treatment of fungal infections such as the lung condition aspergillosis.
Premier African Minerals Limited (LON:PREM) has provided an initial update on the recent site visit and preliminary geological review of the Mozambique tenement it recently secured. The group said among the highlights are an extensive current and historic artisanal gold mining activity in the immediate area and extending onto the tenement. It also noted widespread evidence of eluvial, alluvial and primary gold mineralisation and visible gold in multiple locations.
Mosman Oil and Gas Ltd (LON:MSMN) has confirmed to investors that no significant damage was reported as a result of Hurricane Laura at the Falcon-1 well on the Champion project or at the Stanley project in Texas The company noted that minor site work will be completed for Falcon-1 in the next few days. A drill contract has been signed and the rig is ready to move to the location with drilling remaining scheduled to be completed this month, Mosman said. Elsewhere, the Stanley-1 well workover has begun and the Stanley-4 well is expected to begin soon.
88 Energy Ltd (LON:88E, ASX:88E) revealed it has entered its next phase with a solid financial position, ending the first half with A$7.27mln of cash on hand. The company acquired Alaska-based peer XCD Energy during the six-month period, adding additional exploration opportunity. The A$7.27mln cash pot included A$434,000 that was held by XCD prior to the acquisition.
MBH Corporation PLC (FRA:M8H) has laid the foundations for a new property division in the US with a pair of acquisitions that take the group’s tally to seven so far this year. The Frankfurt-listed group has snapped up 100% of Meeting of the Minds (MOTM) and Everyday Realty Services, both headed by chief executive officer Melissa J. Shea. MBH has agreed to pay a total estimated at US$2.9mln-US$3.5mln, mostly made up of unlisted bonds that are designed to convert to listed bonds upon completion of audited accounts.
LoopUp Group PLC (LON:LOOP) has said its board and team were deeply saddened by the death on Monday of its non-executive chairman, Lady Barbara Judge, from pancreatic cancer. In terms of succession planning, the group said its board will give due consideration to appointing a new chairman. In the interim, Mike Reynolds, currently a non-executive director and previously chairman of the group prior to our 2016 IPO, will assume the role of acting non-executive chairman. Further updates will be made in due course. Steve Flavell and Michael Hughes, co-CEOs of LoopUp Group, commented: “We are deeply saddened by the loss of our Chairman, Lady Barbara Judge. Our thoughts are with Barbara’s son, Lloyd and her family at this very difficult time. Barbara led such an incredible life, breaking down barriers across sectors and issues, as well as helping others to do the same. Even in the final stages of her life, Barbara was striving to make a difference in raising awareness of pancreatic cancer. We are so very lucky to have had the opportunity to get to know and work with Barbara and have benefitted tremendously from her stewardship. We will miss her presence, her wealth of experience and the calm guidance she brought to us.”
Woodbois Ltd (LON:WBI) told investors that it has cause for optimism as a “pronounced uptick in demand” could be seen in the summer months. The African timber firm’s first-half revenue was impacted by the coronavirus (COVID-19) pandemic lockdown measures, amounting to US$8.6mln versus US$9.3mln in the same period in 2019. It nonetheless saw its negative underlying earnings (EBITDA) narrow to US$794,000, compared to US$1.45mln in the first half of last year. As a result of a transformational fundraise and debt restructuring net debt decreased to US$1.1mln from US$49.9mln, Woodbois noted.
MaxCyte, Inc. (LON:MXCT) (LON:MXCL), a global cell-based therapies and life sciences company, has said it will be announcing its half-year financial results for the six months ended June 30, 2020, on Monday, September 21, 2020. It added that Doug Doerfler, MaxCyte’s chief executive officer, will host a live briefing for analysts at 1.00pm BST on the same date. The presentation will be available on the Investors section of MaxCyte’s website at https://www.maxcyte.com/investors/. A replay file will be made available shortly afterwards via the company website.
Integumen PLC (LON:SKIN) has said its annual general meeting (AGM) will be held at midday on September 24, 2020, at the offices of Jeffreys Henry LLP at Finsgate, 5-7 Cranwood Street, London EC1V 9EE. Due to the UK government’s advice that non-essential travel and gatherings should be avoided, the group’s board requests that no shareholders physically attend the AGM. Integumen said it will provide a live investor presentation via the Investor Meet Company platform on September 24 at midday to enable shareholders to ask questions in the same way as they would at a normally held annual general meeting.
ANGLE PLC (LON:AGL) (OTCQX:ANPCY), a world-leading liquid biopsy company, has said it will be releasing its interim results for the six months ended June 30, 2020 on Thursday October 29, 2020. This date is in line with coronavirus (COVID-19) guidance provided by AIM Regulation (dated 9 June 2020), which allows the company to be granted an extension of one month for the reporting and filing of its financial results for the six months ended June 30, 2020. A virtual meeting and webcast for analysts will be held at 10.00am on Thursday October 29, 2020, details of which will be provided nearer the time. A recording of the webcast will be made available on ANGLE’s website following the results meeting.
BB Healthcare Trust PLC (LON:BBH) announced that all of the resolutions put forward at its general meeting held on Tuesday were passed.
4D pharma PLC (LON:DDDD), a pharmaceutical company leading the development of Live Biotherapeutics, said it has made available its recorded R&D webinar discussing the science behind their Live Biotherapeutic drug discovery engine, MicroRx. The event is introduced by Dr Alex Stevenson, 4D Pharma’s chief scientific officer, and presented by Dr Imke Mulder, the group’s research director, alongside three senior members of her research team. The presentation provides detailed insights into 4D’s MicroRx platform, followed by covering analysts participating in a question and answer session. The presentation slides and recording of the event are accessible via the “Reports and Presentations” area of 4D’s website at www.4dpharmaplc.com/en/investors/reports-presentations.
Adamas Finance Asia Limited (LON:ADAM) said it has not yet received all of the subscription monies from placees in its ongoing open offer and placing due to certain delays with completion of wire transfers across multiple jurisdictions. The firm said it is in communication with the placees and expects to receive the balance of these funds shortly, enabling the existing timetable to be met. However, if such funds are not received by September 4, the company said it will announce an updated timetable for the admission of the open offer, placing and placing commission shares.