ANGLE (AGL), a liquid biopsy company, announced the completion of the placing announced on 14 July 2022 to raise £20 million, together with a subscription in the capital of the company by certain directors to raise £130,000 at 80p.
The company said the new funds will be used to capitalise on the momentum gained following the ground-breaking FDA clearance of its Parsortix liquid biopsy system in May this year.
Novacyt (NCYT), an international specialist in clinical diagnostics, announced that its exsig™ COVID-19 Direct Real-Time PCR test has been approved in the UK under the UK Health Security Agency’s Medical Devices (Coronavirus Test Device Approvals) (Amendment) Regulations 2021. The exsig™ COVID-19 Direct Real-Time PCR test is designed to detect a SARS-CoV-2 gene target within ORF1ab
TomCo Energy (TOM), the US operating oil development group, announced that the company’s wholly owned subsidiary, Greenfield Energy LLC has been awarded a 10 year marginal tax reduction, with a potential aggregate value of up to approximately $76.3 million, in relation to its planned project activities on the Tar Sands Holdings II LLC site located in the Uinta Basin, Utah, United States. This post-performance corporate incentive is part of the Utah Legislature’s Economic Development Tax Increment Financing programme.
N4 Pharma (N4P), the specialist pharmaceutical company developing Nuvec®, announced a further update on its recent pre-clinical study with TNF alpha. The company said it continues to make good progress in understanding how Nuvec® can be used in the oncology space and this work, combined with the potential opening up of the siRNA market and the early data coming from UQ on their oral work, gives it a lot of material to further focus its route to commercial success.
Tertiary Minerals (TYM) updated on its Brunton Pass & Pyramid Projects in Nevada, USA. The company said it is continuing to focus on exploration for copper. The decision to terminate the Pyramid Project in Nevada was made in light of the impressive and recently reported drill results from its Jacks Copper Project in Zambia, the reporting of negative drill results from the Pyramid Project earlier this year and following a recent review of the company’s priorities for expenditure in Nevada and Zambia.
Ncondezi Energy (NCCL) updated on its solar photovoltaic and Battery Energy Storage System project in Tete, Mozambique being carried out through its wholly owned green energy subsidiary, Ncondezi Green Power Holding Ltd. The company said it has taken the decision to launch the FS Study for up to 300MW solar PV plus BESS and appoint one of the top technical consultants in solar PV, WSP, to deliver it. The Solar Project represents a significant opportunity to further define the project.
Anglesey Mining (AYM), the UK minerals development company, announced that the second round of assay results have been received from an additional three holes of the recent infill drilling programme at Parys Mountain. The company said the intention of this programme was to increase the amount of resources in the Indicated category for the White Rock deposit, which stood at 4.7Mt, or 79%, prior to commencing the drilling. Given the results, we are very confident that a significant portion of the currently Inferred material will be upgraded to Indicated.
SDX Energy (SDX), the MENA-focused energy company, updated on the testing of its gas discovery at the MA-1X well that targeted the Mohsen prospect, within the Exploration Extension Area of South Disouq. The company said that the higher-than-expected pressure decline from the MA-1X test is a surprise and inconsistent with what it has seen in its analogous Ibn Yunus wells. It will update the market as to the proposed commercialisation strategy for the discovery which may mean that an additional well or wells could be required to produce out this discovery.
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