Artemis Resources (ARV) updated on the proposed transaction announced on the 22st of December 2021 to sell its 70% joint venture interest in the Munni Munni Platinum Group Metals and Gold Project to Alien Metals (UFO).
ARV said it is looking forward to becoming significant shareholders of Alien and notes that Munni Munni is adjacent to the “exciting” Elizabeth Hill Silver Project.
Oncimmune Holdings (ONC), the global immunodiagnostics group, today announces its unaudited interim results for the six months ended 30 November 2021. Recognised revenue for the period was £1.43M (H1 2020: £1.83M) was affected by the easing of COVID-19 restrictions over the 2021 summer holiday period. Gross profit for the period was £0.96M (H1 2020: £1.41M). The company said it is anticipated that ImmunoINSIGHTS will become a leading player in the autoantibody profiling segment of pharma services by FY2023, supported by its list of existing blue-chip customers. Maybe this will start to address the company’s £4.68M loss.
CentralNic Group (CNIC), the internet platform company said that it has agreed terms to acquire the entire issued share capital of a leading online marketing business VGL Verlagsgesellschaft mbH. VGL is being acquired for an enterprise value of EUR 60 million. The Acquisition is expected to be double digit earnings enhancing for the financial year ending 31 December 2022. CNIC remains somewhat under the radar in terms of what a cash cow it is.
Chariot Limited (CHAR), the Africa focused energy company, announced that it has been formally awarded the Rissana Offshore Licence in Morocco. The company said this is a highly prospective basin and, along with the Lixus Offshore Licence. In parallel with the development plans on the Anchois gas field, it aims to maximise value from the exploration upsides.
Fusion Antibodies (FAB), specialists in pre-clinical antibody discovery, announced that Matthew Baker, PhD, is joining the Board as a Non-Executive Director with effect from 1 March 2022. Hopefully this will do something for the company’s share price.
Conroy Gold (CGNR), the Irish-based resource company announce its results for the six months ended 30 November 2021. Perhaps rather surprisingly, the shares have halved since December, despite a rather positive fundamental backdrop. The company said excellent technical results continued to be reported and just after the period end a joint venture partnership agreement with Demir Export A.S., a large established mining company, was signed. It looks forward to accelerated development and exploration programmes along the 65Km gold trend the Company has discovered, with the objective of bringing into operation a gold mine, initially at Clontibret.
Panther Metals (PALM) the company focused on mineral exploration in Canada, noted a drilling update for the Coglia Nickel/Cobalt Project in Western Australia. Panther Metals Plc holds 36.6% of Panther Metals Ltd (PNT). The company said these drilling results represent a very encouraging start for Panther Metals Ltd as they target a maiden nickel/cobalt Mineral Resource at Coglia. Three of the five holes have reported nickel and cobalt grades significantly in excess of the expected range whilst the remaining two holes sit exactly within the grade range predicted as part of the Exploration Target guidance. The company said the discovery of new mineralisation outside of the previous mineralised footprint provides new and “exciting” further upside for the project.
Mirriad (MIRI), the leading in-content advertising company, announced a new collaboration with Japanese television network, Fuji TV, that launched the Company’s in-content advertising solution to the Japanese market. The company said this collaboration with Fuji TV is yet another demonstration of the increased demand for Mirriad’s solution.
African mineral sands producer, Base Resources Limited (BSE) provides the following information about the interim dividend of AUD 3.0 cents per share, unfranked (FY22 Interim Dividend). The FY22 Interim Dividend will be converted to British pounds sterling based on the AUD/GBP exchange rate on the record date (Monday, 14 March 2022).
There was a decent starting shareholder at Shanta Gold (SHG), as it was revealed that Cannacord Genuity are in on the shareholder register at 5%. The shares have risen from 7p to 10p over the past month.
Panthera Resources (PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to announce that the Bassala licence has been extended for a further three years.
Neometals (NMT) has joined the fray on the London stock market, with its first day of dealings on AIM for the Australian recycler. The shares have been trading in Australia in a buoyant mode for some time.
San Leon (SLE), the independent oil and gas company focused on Nigeria, updated on the proposed reorganisation to consolidate Midwestern Oil and Gas Company Limited’s shareholdings into a single shareholding in the company. The Potential Transaction also comprises a proposed consolidation of Midwestern’s indirect debt and equity interests in Energy Link Infrastructure (Malta) Limited with those of the Company, as well as further new debt and new equity investments to be made by San Leon in ELI. The Potential Transaction would be classified as a reverse takeover.
Punters favourite Mosman Oil and Gas Limited (MSMN) the oil exploration, development, and production company, updated on EP-145 located in the Amadeus Basin, Northern Territory of Australia, which is prospective for oil and gas, hydrogen and helium. On 25 February, the Central Land Council issued a Permit and Authority to enter and remain on Aboriginal Land and/or Community Living Areas for the area which is covered by EP-145.
Powerhouse Energy Group (PHE), the UK headquartered technology company commercialising hydrogen production from non-recyclable plastic waste, updated on the loan facility it provided to Protos Plastics to Hydrogen No. 1 Limited, the SPV established by the company’s partner, Peel NRE, to develop the plant at the Protos site. PHE has agreed to extend the availability period for the Loan Facility to the SPV until 31 August 2022.
Amala Foods (DISH), a food technology company, said it is now progressing in relation to the Rare Earths Elements potential transaction and a further market update will follow in due course. The Company announced on several occasions the intention for the venture builder business to be spun out into a separate listing.
Oilex (OEX) where we are apparently still waiting on the big announcement to multi-bag the share price, updated on its proposed Medway Hub Carbon Capture and Storage (CCS) project in the UK. The CCS project provides for the capture and transportation of CO2 emissions from coastal CCGT power stations in liquid form by marine tanker to a Floating Injection, Storage and Offloading vessel (FISO) from which the CO2 would be injected into the Esmond and Forbes depleted gas fields, which are situated in the UKCS, for permanent sequestration.
Kavango Resources (KAV), the exploration company, announced the completion of Hole KSZDD002 to target depth of 650m and a successful Downhole Time Domain Electromagnetic survey to 640m.
Nostra Terra (NTOG), the international oil & gas exploration and production company, announced that the Fouke 2 well, at the company’s Pine Mills oil field in east Texas, has now reached total depth.
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