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Proactive news headlines: Landore Resources, 88 Energy, Symphony Environmental, Ceres Power …


Landore Resources Ltd (LON:LND) has begun an autumn-winter drilling programme on the BAM gold deposit in Ontario, Canada. The company will drill 14,000 metres aimed at further infilling and extending the defined resource of 1,015,000 ounces of gold, and to test the depth potential of the previously delineated mineralisation.

88 Energy Ltd (LON:88E) told investors it has increased its stake in the area including and surrounding the previously Charlie-1 well in Alaska to 75% from 30%. The ‘Area A’ comprises around 40% of the gross Project Icewine acreage. A new independent resource estimate for this area is anticipated in the coming weeks. It is planned that a new farm-out process will follow the release of the report.

Ceres Power Holdings PLC (LON:CWR) has agreed an expanded collaboration with South Korean group Doosan which gains the licence to manufacture Ceres’ proprietary solid oxide fuel cell stacks. Doosan plans to build a manufacturing facility with an initial 50MW capacity by 2024. It is worth GBP36mln to Ceres over 3 years, plus a further GBP7mln potentially due subject to key performance indicators (KPIs). This income precedes longer term royalties on the sale of fuel cell stacks.

Symphony Environmental Technologies PLC (AIM: SYM) said the largest baker in Turkey, Uno Bakery, has launched a biodegradable packaging programme using Symphony’s d2w technology. Uno is the first major bakery in Turkey to upgrade most of its packaging with d2w biodegradable technology, Symphony said. The collaboration follows a similar partnership the company has with the largest bakery in Mexico. Packaging made with d2w can be recycled if facilities are available, but if it escapes collection and ends up in the environment as litter, it will degrade and biodegrade in a continuous, irreversible and unstoppable process, in the same way as nature’s wastes and much faster than regular plastic, the biodegradable plastic specialist noted.

BlueRock Diamonds PLC (LON:BRD) said it has sold 2,900 carats at an average price of US$300 per carat. The aggregate consideration amounted to just over US$870,000. The production comes from the company’s Kareevlei diamond mine in the Kimberley region of South Africa.

Shield Therapeutics PLC (LON:STX) has confirmed that the generics giant Teva Pharmaceutical Industries has withdrawn its patent challenge, which had gone to the appeal stage. The company said this means European Patent No.2668175, which covers the “process for preparing an iron hydroxypyrone” has become final and that the patent will be maintained as amended on March 14 last year. Additionally, Teva’s ending of its opposition to European Patent No.3160951 (“crystalline forms of ferric maltol”) means the patent is maintained as granted, providing protection out to October 2035.

IXICO PLC (LON:IXI), the artificial intelligence-driven data analytics company focused on neuroscience, has racked up its fourth consecutive year of strong top-line growth, seeing underlying earnings double. In a trading update for the year to the end of September 2020, the group said revenue rose by 26% to GBP9.5mln, up from GBP7.6mln the year before, signifying the fourth year in a row that revenue had increased by more than 25% year-on-year. Earnings before interest, tax, depreciation, and amortisation (EBITDA) more than doubled to achieve at least market expectations of GBP1.1mln (2019: GBP0.5mln), the firm said. In a separate announcement, the company revealed that Dr Robin Wolz, its senior vice president of Science & Innovation will present on the industry panel at the virtual SCA & ARCA Global Conference, taking place on October 19-21, 2020.

Amryt Pharma PLC (LON:AMYT) (NASDAQ:AMYT) said it has signed a distribution deal for Lojuxta covering 17 countries in central and eastern Europe (CEE). Swixx BioPharma, which also has the exclusive contract for Amryt’s Myalepta, will start deliveries later this month. Lojuxta, also known as lomitapide, has been developed to treat adults with a rare cholesterol disorder.

IQGeo Group Plc (LON:IQG) has secured a major contract extension with a large utility network operator in the USA. The company will continue to provide the client with software licenses and services. It has been using IQGeo’s Inspection & Survey application for gas leak detection in its utility networks. The new contract also includes meter surveys and increases the number of divisions deploying IQGeo technology. The value is anticipated at US$600,000.

Advanced Oncotherapy PLC (LON:AVO), the developer of proton therapy systems for cancer treatment, is to set out its stall at an investor event on Monday. The company’s management team will discuss the broader market potential for proton therapy and outline how Advanced Oncotherapy’s LIGHT system could accelerate the adoption of proton therapy as a treatment modality for several different cancer indications. The team will also discuss how the LIGHT system can potentially be adapted for FLASH delivery of protons, an emerging mode of proton therapy treatment that uses ultra-high dose rates.

Coinsilium Group Limited (AQSE:COIN) has told investors that its shares begin cross-trading publicly on the OTCQB Venture Market (OTCQB) in the United States on Monday. The shares will trade under the ticker symbol ‘CINGF’. Previously, they were quoted on the OTC’s Pink Open Markets but the group said the upgrade to OTCQB provides greater access to new and materially larger pool of prospective US investors.

Europa Metals Ltd (LON:EUZ) has been awarded a EUR466,801.50 grant by the Centre for the Development of Industrial Technology, a Spanish government entity operating under the umbrella of the Ministry of Science and Innovation. The grant is for use towards research and development at the Europa’s wholly-owned Toral lead, zinc and silver project in the region of Castilla y Leon, north-west Spain. The grant is categorised as a partly refundable loan with a nil per cent interest rate.

Shanta Gold Ltd (LON:SHG) said it produced 19,973 ounces of gold from its New Luika mine in Tanzania during the third quarter of 2020. That in turn generated underlying earnings (EBITDA) of US$22.5mln, with all-in sustaining costs (AISC) at US$883 per ounce, the group added. The company closed out the period with net debt of US$5.1mln, following a US$7.8mln cash payment related to the acquisition of the new West Kenya project.

Shares in Clear Leisure PLC (LON:CLR) resumed trading on AIM as the company finally published results for the 2019 financial year. Francesco Gardin, chairman, said: “We have finally managed to publish the 2019 audited accounts due on 30 September, following a two and a half week delay, caused as a result of the need for material adjustments emerging just two days before the deadline This matter highlighted that the previous year accounts were incorrect as a result of translating balances into Sterling for book-keeping purposes and then translating them back into the functional and presentational currency of the Group (Euros) when the underlying balances were already denominated in Euros. Correcting these errors has involved a complete restatement, going back to 2017.” Clear Leisure made a loss EUR1.58mln for the year ended 31 December 2019: (2018: EUR3.74mln). Operating losses for the period were EUR1.38mln (2018: EUR3.44mln).

Afarak Group PLC (LON:AFRK) said that overall production of specialty alloys and ferroalloys during the third quarter of 2020 dropped by 60.1% when compared to the same quarter of the prior year. Specialty alloys production dropped by 31% to 17,411 tonnes, while ferroalloys production dropped by nearly 70% to 23,325 tonnes, it added. Reduced mining activity in the South African mines resulted in significant lower mining volumes as the company focused on protection of staff during the coronavirus pandemic.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has added operational and potash experience to its board through the appointment of Phil Montgomery and Peter Thomas as independent non-executive directors. These appointments, which are effective immediately, comes as the company drives the Lake Way Sulphate of Potash Project towards first production.

Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company said on Friday that it has received a notice to exercise warrants over 2,200,000 new ordinary shares of 0.1 pence each in the company, comprising 1,000,000 warrants at an exercise price of 0.75p per ordinary share and 1,200,000 warrants at an exercise price of 1.0 pence per ordinary. The group said subscription monies of GBP19,500 have been received by Power Metal in respect of these exercises.

Genel Energy PLC (LON:GENL) has announced the appointment of BMO Capital Markets as its joint corporate broker, effective immediately. BMO Capital Markets will work alongside JP Morgan Cazenove, Genel’s current joint corporate broker.

Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, said it continues to manage its capital structure through the coronavirus (COVID-19) pandemic. In relation to the Avation Capital S.A. 6.5% senior notes due 2021 issued under Avation’s global medium-term note programme, the company added it has retained PJT Partners as financial advisor and DLA Piper as legal advisor to assist with a collaborative dialogue with bondholders. The company kindly asks bondholders to disclose their holdings to the company’s Identification Agents, D.F. King and Orient Capital, to facilitate this dialogue.

Ergomed PLC (LON:ERGO), a company focused on providing specialised services to the pharmaceutical industry, announced that at its general meeting held on Monday the special resolutions regarding the group’s proposed capital reduction were passed with 100% shareholder approval. The capital reduction remains subject to the court’s approval and a directions hearing is scheduled for October 28, 2020. If the court is satisfied that the application should proceed, a second hearing will be held on November 10, 2020, to confirm the capital reduction. A further announcement will be made following the capital reduction becoming effective.

Remote Monitored Systems PLC (LON:RMS) has said it will hold a general meeting of shareholders at 10.30am on November 4, 2020, with regards to its plans for the conditional purchase of a 51.72% holding in Pharm 2 Farm Limited from Braveheart Investments Group PLC (LON:BRH) for the consideration of 310,354,815 new RMS ordinary shares of 0.2p each. The P2F deal is conditional, among other things, on the Takeover Panel granting a waiver of the Rule 9 obligations arising out of the P2F deal and the independent shareholders of RMS approving the whitewash of Braveheart’s Rule 9 obligations at the general meeting. The group said the P2F deal is expected to be completed on November 5, 2020, subject to those conditions being passed, and a further announcement will be made in due course.

Base Resources Limited (LON:BASE) has said its 2020 annual general meeting will be held on Friday, November 20, 2020, at 1.00pm Perth time at the Kimberley Room, Katitjin Centre, Australian Institute of Management WA, 76 Birkdale Street, Floreat, Western Australia; and online via the Lumi software platform using the Meeting ID 379-190-456. A full version of the notice of annual general meeting (Notice), including the explanatory memorandum in respect of the items of business to be considered at the Meeting and instructions on how to access the Lumi software platform, is available at the company’s website:

InnovaDerma PLC (LON:IDP), a UK developer of beauty, personal care and life science products, has announced that the company’s AGM will be held on Wednesday, November 11, 2020. at 10.00am GMT. Given current measures around the coronavirus (COVID-19) situation in the UK, the group’s board has decided that the AGM will now be run as a virtual meeting. Shareholders will not be able to attend the AGM at a physical location. Shareholders are therefore requested to submit their votes, in respect of the business to be considered at the AGM, via proxy, as early as possible. All resolutions at the AGM will be decided on a poll. In order to ensure that shareholders are able to follow the proceedings of the AGM, the company will provide access to an online audio and presentation link, accessible via the online Investor Meet Company platform. Shareholders that wish to attend the AGM should register for the event in advance via the following link:

Oncimmune Holdings PLC (LON:ONC), the leading global immunodiagnostics group, has said it will be announcing its full year results for the year ended May 31, 2020, on Friday, October 30, 2020. The group said Adam Hill, its chief executive officer, together with Matthew Hall, chief financial officer, will host a presentation and conference call for analysts at 11.30am GMT on the day of the results. For conference call details please contact Alexander Davis of FTI Consulting at [email protected] or 020 3727 1000. The management team will also host on Investor Meet Company a live presentation of the results on Friday, October 30, at 3.00pm GMT. Access to Investor Meet Company is free and interested parties can register to attend the presentation via the following link:

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