Latest News

Proactive news headlines: Arkle Resources, CentralNic Group, Sensyne Health, TomCo Energy …


Arkle Resources PLC (LON:ARK) said it has identified new gold targets at its gold projects in Ireland, following soil sampling. A programme for trenching and drilling at the Inishowen gold project in County Donegal is planned to commence shortly. Meanwhile, trenching has commenced on the Mine River gold project located on the Wicklow- Wexford county border.

CentralNic Group PLC (LON:CNIC) said it has completed its acquisition of Zeropark and Voluum, collectively known as Codewise, two companies that provide services to domain name owners so that they can generate recurring income from the monetisation of traffic to their websites. The internet domain name specialist said the total consideration for the purchase is US$36mln and is expected to be more than 20% earnings accretive for the company, adding that the acquisition will enhance its monetisation business and also has the potential to generate revenue synergies through cross-selling with its other businesses.  In a separate announcement, the company said it will publish an interim report for its third quarter on November 30, as required under the terms of its senior secured bond listed on the Oslo Stock Exchange in Norway. The company confirmed that at this time it “continues to trade in line with market expectations” for the year ending December 31, 2020. In a third release, CentralNic added that it has issued additional consideration shares relating to the performance of KeyDrive SA, which it acquired in August 2018.

Sensyne Health PLC (LON:SENS) has said the University of Oxford is deploying the company’s app in a new coronavirus (COVID-19) clinical study. CVm-Health+ will be used in the FACTS evaluation of the feasibility and acceptability of new point-of-care tests for regular asymptomatic COVID-19 testing in the community. The Sensyne technology, which will be available to iPhone and Android users, will provide access to study information and links to training materials.

TomCo Energy PLC (LON:TOM) shares rose on Monday as the company announced a number of boardroom changes. The group said its non-executive chairman Stephen West has expressed his intention to step down from the board due to the increasing time commitment required as TomCo seeks to move to the next stage of its development. West has now left the board with immediate effect, the company said. Malcolm Groat, previously non-executive director, has been appointed as the new chairman. Similarly, non-executive director Alexander Benger has also stepped down from the board. At the same time, the company has announced the appointment of Robert Kirchner and Richard Horsman as non-executive directors of the company.

ADM Energy PLC (LON:ADME) (FRA:P4JC), a natural resources investing company, has announced the appointment of Lionel Therond as its chief financial officer in a non-board role with immediate effect. With 35 years’ experience in the Oil & Gas sector and Investment Banking, Therond, a Chartered Financial Analyst with an MBA from INSEAD, spent just under a decade at the beginning of his career as an Exploration and Production Geoscientist at European supermajor, Royal Dutch Shell. At Shell, he held international positions, including a stint at Shell’s global headquarters in The Hague. In a separate announcement, ADM Energy also announced the launch of its new corporate website at: The group said the website offers improved functionality and access to information on the company, including strategy, operations and all information required by AIM Rule 26.

Kromek Group PLC (LON:KMK) has entered into a development agreement, worth up to US$660,000, with a US-based, sector-leading industrial original equipment manufacturer (OEM). The majority of the development programme is scheduled to be delivered during the group’s current financial year and, following final completion, it is expected to make the transition to a multi-year supply contract. The AIM-listed supplier of detection technology focusing on the medical, security screening and nuclear markets, said the OEM will customise one of Kromek’s CZT detector platforms so it can be incorporated into its customer’s systems for identifying contaminations during production processes.

Zaim Credit Systems PLC (LON:ZAIM), said the coronavirus pandemic has accelerated the migration of its business model to online, resulting in a positive impact on margins. In an update on the online operations of its Zaim-Express subsidiary, the Russian fintech group said the online element now represents the largest portion of the group’s business. The shift to a more flexible and scalable online operation represents the successful delivery and execution of the revised strategy, resulting in significant growth from a low online base at the time of the group’s flotation last year.

i3 Energy PLC (LON:i3E) has confirmed the closing of its transaction to acquire the Canadian assets of Toscana Energy Income Corporation, which further establishes the group’s production business in North America. Production from the Toscana assets along with assets acquired from Gain Energy, in September, averaged a combined 9,407 barrels oil equivalent per day for the month of October. Additionally, the company noted that the Toscana assets come with C$128mln of accrued tax losses, which it said will support tax-efficient income for several years.

Eden Research PLC (LON:EDEN) is to partner with family-run farming business M H Poskitt to develop and trial a new bio-fungicide product designed to protect and improve the quality of vegetables. Poskitt’s farm in Yorkshire’s East Riding currently produces roughly 80,000 tonnes of crops per year serving UK retailers and a range of other customers. The AIM-listed biopesticides specialist said the partnership has been established to support a research & development project (R&D) that M H Poskitt has been engaged in, investigating the effect of mugwort plant extract on key plant diseases.

Curzon Energy PLC (LON:CZN) has told investors that the transaction exclusivity period with Sun Seven Stars Investment Group (SSSIG) has expired. The company said, however, that it remains in discussions regarding a potential new extension to the exclusivity period. The talks are with a view to advancing a transaction, the terms for which have yet to be agreed. In March, Curzon announced the signing of a letter of intent which envisaged a reverse takeover transaction with SSSIG that would see the resulting company owning 100% of the London Critical Metals Market (LCMM).

Shanta Gold PLC (LON:SHG) has the potential to double in value over the next twelve months according to a punchy update from Liberum Capital. The City broker noted that with plenty of news flow to come and a promising macro backdrop for gold, the price target remains 30p (previously 31p), with the adjustment reflecting the group’s recent share issue.

Silence Therapeutics PLC (LON:SLN) (NASDAQ:SLN) has announced that Marie Wikström Lindholm, previously VP Head of Technology Innovation, has been appointed senior vice president, Molecular Design and member of the Silence executive leadership team, with immediate effect.  The company, a leader in the discovery,  development and delivery of novel short interfering ribonucleic acid (siRNA) therapeutics for the treatment of diseases with a significant unmet medical need, said Dr Lindholm will continue reporting to Silence’s Head of R&D and chief medical officer, Dr Giles Campion. It noted that Dr Lindholm joined Silence in December 2017 and has been responsible for building and leading a skilled team at Silence focusing on fine-tuning the design of Silence’s proprietary GalNAc-conjugated siRNA technology and exploring siRNA delivery outside the hepatocyte (liver cell).

ADES International Holding PLC (LON:ADES) told investors Monday that it has secured two contracts, one in the Kingdom of Saudi Arabia (KSA) and one in Egypt. In the KSA, the company has successfully extended a rig contract for three additional months to now run until the end of the first quarter of 2021. Earlier this year the same contract was extended by six months. In Egypt, it has a new two-year early production facility contract. It will establish an early production deck floor and topside facilities for the client, along with a jack-up barge charter.

Anglo Asian Mining PLC (LON:AAZ) has updated the mineral resources and reserves at the Gedabek open pit, Gadir underground mine and Ugur open pit mine in Western Azerbaijan. The group said Gedabek now contains resources of 735,000 ounces of gold and 69,100 tonnes of copper, including material in stockpiles, with a reserve of 284,000 ounces of gold and 26,000 tonnes of copper. Gadir now contains resources of 267,000 ounces of gold and 2,183 tonnes of copper, with a reserve of 49,000 ounces of gold and 191 tonnes of copper, it added,

SCB Group, the low carbon commodity brokerage, has appointed Frits Vogels as its new non-executive chairman. Vogels previously was chief executive of TP ICAP’s global broking arm for Europe, Middle East and Africa as part of a 27-year career with the FTSE 250-listed company. Before this, he headed TP’s rates, money markets and FX teams, also working in senior roles across various other departments.

San Leon Energy PLC (LON:SLE) said it has extended the deadline to complete its investment in the Oza oil field in Nigeria by three months. It comes as travel restrictions related to the coronavirus (COVID-19) pandemic have caused certain deal conditions to take longer than expected to finalise. A new deadline is now set as November 21, 2020. In early September the company unveiled its agreement to invest US$7.5mln investment into the Oza field via a loan agreement with Decklar, which is a subsidiary of Asian Mineral Resources (CVE:ASN).

Anglesey Mining PLC (LON:AYM) said it is “very encouraged” by continued strength in commodity prices over recent months and that it is now “actively reviewing” new exploration and development opportunities. In an update for the company’s general meeting on October 30, the company’s chairman John Kearney said the firm is taking “a very positive view on copper” and expects the current price to increase further in the medium term, which in turn should benefit the company as it considered deeper resources at its Parys mountain project in Wales, where copper trends tend to dominate over zinc.

Seeing Machines Limited (LON:SEE) has reported higher revenues in its final results as well as “good momentum” in the first quarter of its current year following increased demand for its driver monitoring technology products. In its results for the year ended June 30, 2020, the AIM-listed firm reported that revenues were up 25% year-on-year at A$40mln, boosted by a 32% rise in revenues from original equipment manufacturers (OEM) due to a pre-production licence deal with a Tier 1 partner. The company also reported a 30% increase in aftermarket revenues despite a slowdown in installations of its Guardian monitoring systems due to the coronavirus pandemic.

Tiziana Life Sciences PLC (NASDAQ:TLSA, LON:TILS) has begun a clinical study of the nasally administered use of its monoclonal antibody, Foralumab, in the treatment of COVID-19 patients in Brazil. The trial will see the Tiziana drug administered either alone or in combination with dexamethasone, a corticosteroid medication. Clinical data are expected by the end of this year. The company said it is working closely with the collaboration partners, the Harvard Medical School and Santa Casa de Misericórdia de Santos Hospital in Santos, Brazil, to ensure the process is quickly “expedited”.

Trident Royalties PLC (LON:TRR)( FRA:5KV) said it received royalty payments amounting to just over US$480,000 in the third quarter of 2020. During the period the company announced three transactions over a total of six royalties. The royalty from Koolyanobbing amounted to A$652,073, taking the total received for 2020 to just over A$2mln. The total royalty revenue from Koolyanobbing over the first three quarters alone represents more than 30% of the royalty purchase price recovered. The company also received an inaugural payment from the Mimbula copper royalty.

Savannah Resources PLC (LON:SAV) said it has completed the sale of its stakes in the Block 4 and Block 5 copper projects in Oman to Force Commodities Ltd (ASX:4CE). Savannah will receive 50mln new fully paid ordinary shares issued by Force, giving Savannah a 4.9% stake in Force after four million shares are used to settle transaction costs. Savannah will receive preferential payment of A$3.5mln in cash from an existing loan out of cash flow generated from production on Block 5. And it will also get a 1% net smelter royalty on any future metal sales from Force’s portions of Block 4 and Block 5.

AEX Gold Inc. (LON:AEXG) (CVE:AEX), an independent gold company with a portfolio of gold licences in Greenland, has announced an operational update for the development of the Nalunaq property in South Greenland. The company said it continues to make good progress at the fully funded Nalunaq Project, with significant work having been completed on key work streams since the successful AIM Listing and fundraising in July 2020. The project remains on track, with workstreams progressing in line with management expectations, it added.

Stobart Group PLC (LON:STOB), the aviation and energy infrastructure group, has announced the appointment of David Blackwood as senior independent director (SID) with effect from November 1, 2020. Blackwood, who joined the Stobart board as a non-executive director on March 1, 2019, has extensive experience at senior levels of finance, audit and risk and has also acted as SID at Scapa Group and Dignity and is currently non-executive chairman of Connect Group. The Company announced on June 4, 2020, that it would resume the process to recruit two additional non-executive directors and address the appointment of SID. Further to that announcement, it said, Clive Condie was appointed with effect from July 1, 2020. However, as the coronavirus (COVID-19) pandemic has evolved in the last few months the board has decided to pause the recruitment of a second non-executive director. In a statement, David Shearer, Stobart Group’s non-executive chairman said: “I am delighted to announce the appointment of David Blackwood to the important role of Senior Independent Director. David has significant board-level experience and has made an invaluable contribution since his appointment.”

Adamas Fin Asia Ltd (LON:ADAM) said that, further to its announcement on October 7, 2020, the company is still awaiting receipt of the remaining placement monies from one of its placees for the amount of £1,142,794. The funds have been delayed due to issues raised by the remitting financial institution. The company has received written confirmation from the placee that regulatory issues have now been resolved and that a second transfer (of equivalent value) will be initiated to cover the receipt of outstanding funds.  The company said it remains confident in the receipt of funds.

Sensyne Health PLC (LON:SENS), the UK Clinical AI company, announced that at its virtual Annual General Meeting (AGM) held on Friday all resolutions were duly passed. Commenting at the event, Sir Bruce Keogh, non-executive chairman of Sensyne Health, said: “Sensyne is in a strong position to apply its technology and expertise to help the life sciences and healthcare industries manage the short term challenges associated with coronavirus. Our software suite is being used to conduct clinical trials, monitor personal symptoms and disease progression and deliver remote patient care. In the long term, we are building a business that contributes to and directly connects into, an increasingly digitised healthcare future. Most importantly we embody a better way to build technology companies – a way that recognises, respects and addresses the public, professional and institutional sensitivities related to ownership and privacy of highly personal healthcare data.” Full details of the votes received will be posted on the company’s website:

Alien Metals Limited (LON:UFO), a minerals exploration and development company, announced that, following the receipt of an exercise notice, it has issued 7,342,373 ordinary shares of no par value in the capital of the company at an issue price of 0.25p per share.

Synairgen PLC (LON:SNG), the respiratory drug discovery and development company, announced that it has conditionally raised total gross proceeds of approximately £7mln through the open offer to shareholders which was announced on October 15, 2020, representing the full amount proposed. Accordingly, the company has conditionally raised total gross proceeds of approximately £87mln (before expenses) in aggregate by way of the placing and the open offer. In a separate statement, Synairgen also announces that at its general meeting held on Monday, all resolutions proposed were duly passed by shareholders on a poll.

Europa Metals PLC (LON:EUZ), the European focused lead-zinc and silver developer, has announced the appointment of Dennis Wilkins to the position of company secretary, effective immediately. It said that Wilkins, the founder and principal of DWCorporate Pty Ltd, a corporate advisory firm servicing the natural resources industry, replaces Julia Beckett who has been the company secretary of European Metals since its incorporation. The company thanked Beckett for her many years of service. In a separate statement, Europa Metals also said it will hold its annual general meeting of shareholders at 10.00am UK time on Monday, November 30, 2020, by way of a virtual meeting facility.

Ferro-Alloy Resources Limited (LON:FAR), the vanadium mining and processing company with operations based in Southern Kazakhstan, has announced that at its annual general meeting held on October 30, 2020, all resolutions were duly passed.

Zephyr Energy PLC (LON:ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, announced that at its general meeting held on Monday, all resolutions were duly passed.

Scirocco Energy PLC (LON:SCIR), the AIM investing Company targeting attractive production and development opportunities within the European energy market, has announced the launch of its new website: The company also said it will be presenting a corporate presentation webinar and Q&A session at 11.00am GMT today which can be accessed via the following link: The playback of the webcast will be made available on the website following the event.

Base Resources Limited (LON:BSE) (ASX:BSE) has said the latest company presentation, which was made available for the TZMI Virtual Congress 2020 that opened today, is available from the company’s website:

KR1 expands portfolio of blockchain and crypto investments

Previous article

FTSE 100 adds more points; Wall Street steps up in election anticipation

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News