It will be interesting to see whether the company and business model building that Love Hemp (LIFE) has been diligently carrying out in 2021, starts to get some appreciation in 2022.
By Zak Mir
For now though, the brand-led consumer goods company focussed on CBD health and wellness solutions has launched, on a trial basis, with Deliveroo, the on-demand delivery service. Love Hemp said not only does Deliveroo provide it with greater visibility with consumers, but it also provides a new dimension to consumer access – on-demand delivery. Deliveroo has over 7 million pre-registered consumers across the UK who are increasingly looking to the app to fulfil their day-to-day needs, of which high-quality CBD products are now one.
Greatland Gold (GGP), a mining development and exploration company, announced the remaining set of drill results from the initial 2021 drill programme at its Juri Joint Venture with partner Newcrest Mining. Results have been received for the remaining five holes in addition to the first four holes previously announced on 1 September 2021, along with the results of the Ground Electro-Magnetic survey. The first phase of drilling at Juri comprised nine holes for 4,958m testing six targets including five holes at the Goliath, Outamind and Los Diablos targets on the Paterson Range East licence and four holes at the Parlay, Saddle Reefs & Saddle South targets on the Black Hills licence.
Duke Royalty (DUKE), the AIM listed provider of alternative capital solutions, has announced its latest follow-on investment, together with a Trading Update for its third financial quarter, ended 31 December 2021. The Company expects that cash revenue for the quarter will total £3.9 million, an increase on the prior quarter. Duke is cautiously optimistic that it will be able to announce a further increase in quarterly cash revenue for the period Q4 FY22.
Libertine Holdings (LIB), a developer of clean, highly efficient and fuel-flexible Linear Generator products, joins AIM this morning. Founded in 2009, the group has developed a technology solution for powertrain original equipment manufacturers, enabling efficient and clean power generation from renewable fuels. Under the Placing, the Company has conditionally raised £9 million.
President Energy (PPC), the energy company with a diverse portfolio of energy assets provides an update on its drilling operations in Salta, Argentina and workover in Louisiana. With regard to Salta drilling, the DP-2003 well has reached target depth of 3,228 metres with encouraging mud log data obtained whilst drilling. In Louisiana activities have been postponed to January.
Kropz (KRPZ), an emerging African phosphate developer, announced the first introduction of ore to the plant at the Company’s Elandsfontein mine, located in the Western Cape in South Africa. Now that ore has been introduced to the plant, the team is ensuring all the front end circuits are balanced and running stably.
Redx (REDX), the clinical-stage biotechnology company, said that a milestone payment from AstraZeneca has been triggered as a result of the initiation of a Phase 1 clinical trial of AZD5055 (RXC006), a Porcupine inhibitor targeting fibrotic diseases including idiopathic pulmonary fibrosis (IPF). The milestone payment of $9 million completes the previously described potential total of $17 million of early payments between deal signature and the successful commencement of the first clinical trial.
Yourgene (YGEN), an international molecular diagnostics group, said that Yourgene Genomic Services has been awarded a contract for the provision of laboratory capacity to support the Winter Surge COVID-19 testing by the Department of Health & Social Care (DHSC), running until 31 March 2022. The “Mini Tender Winter Surge Capacity (C47365)” contract is the third DHSC contract awarded to the Group this year.
Empyrean Energy (EME), the oil and gas development company, provided its Interim Report for the six months ended 30 September 2021. The company said its focus during the half year period to 30 September 2021 has predominantly been on preparing for and funding the drilling of the Jade Prospect at its 100% owned Block 29/11, offshore China.
Critical Metals (CRTM), a mining investment company, provided an update on its proposed acquisition of a majority interest in the copper/cobalt project located within Small Scale Mining License PEPM 14784 in the Democratic Republic of Congo, the Molulu Project. The company said all key advisers have been engaged and workstreams in relation to due diligence and application for readmission to trading on the Standard List, including the preparation of a Prospectus, are underway.
t42 IoT Tracking Solutions (TRAC), which provides tracking and security solutions for the global container and freight market, has raised £925,000 through the issue of unsecured convertible loan notes several new and existing investors. The net proceeds of the Convertible Loan Notes will be used predominantly for funding the migration to the new business model of tracking shipping containers.
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