Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America, announced its inaugural audited results for the year ended 31 March 2022.
The company anticipated the monthly run rate of production will be 40,000 US short tons per month as it approaches autumn 2022. The purchase gain on acquisition of Ben’s Creek operating companies was $33.7m, while profit before taxation, $25.3m.
Arrow Exploration (AXL) announced the filing of its unaudited interim Financial Statements and Management’s Discussion and Analysis for the quarter ended June 30, 2022. The company said the first six months of 2022 saw it deploy the capital it raised at the time of its Admission to AIM on a successful two well drilling campaign at Rio Cravo on the Tapir Block. The better than forecasted results from this drilling campaign and the subsequent generation of positive cashflows in Q3 means Arrow is committing to a further drilling program. Commencing in Q4 2022, Arrrow expects to drill up to three further wells at Rio Cravo and plans a two well program on the Carrizales Norte Structure on the Tapir Block. A letter of intent has been signed with a drilling contractor to execute the planned five well program on the Tapir Block.
OKYO Pharma (OKYO), a biotechnology company, said it plans a Q4 2022 IND filing for OK-101 to treat dry eye disease (DED), with AmbioPharm playing a key role in peptide manufacturing and development. OK-101 is a lipid-peptide analog developed using a novel membrane-anchored peptide technology. It consists of a 12 amino acid peptide sequence, a linker component, and an anchoring lipid domain.
Tirupati Graphite (TGR), said that to facilitate the receipt of all necessary Mozambique government approvals in respect of its agreement to acquire the entire issued share capital of Suni Resources SA from Battery Minerals Limited, as announced on 17 August 2021, the parties have agreed for the Long Stop Date to be extended to Wednesday 30 September 2022. The completion of the acquisition is pending approval as per statute from the Government of Mozambique.
Bradda Head Lithium (BHL), the North America-focused lithium development group, announced positive results from the second stage of its preliminary metallurgical test work programme that it has completed with SGS Canada on samples from its 100%-owned Basin East lithium deposit. The company said it is progressing the development of its lithium clay-hosted assets in Arizona. It also highlighted further encouraging results from the second stage of Phase 1 metallurgical test work programme with core from our 2021 Basin East drill programme.
DG Innovate (DGI), the research and development company, provided an update on the accelerated commercialisation programme for its suite of technologies. The company said it is very encouraged by recent progress, both with Pareta© e-drive and enhanced battery technology. This is a “very exciting” stage of the Company’s evolution and development towards becoming a supplier of choice for differentiated electric vehicle and energy storage solutions to various key market sectors, including automotive applications both commercial and military.
Invinity Energy (IES), a manufacturer of utility-grade energy storage, announced the first shipment of Invinity batteries from new manufacturing partner Baojia New Energy. 1.1 MWh of Invinity batteries have now been shipped from Baojia’s facility in Suzhou China. These batteries will form part of the 8.4 MWh order placed by Elemental Energy for their project in the Canadian province of Alberta. The batteries will be shipped to Alberta via Invinity’s facility in Vancouver where the systems will undergo final assembly and testing ahead of expected delivery in Q4 2022.
Longboat Energy (LBE), the emerging full-cycle North Sea E&P company, announced the commencement of drilling operations on the Copernicus exploration well (Company 10%) in Norway. Copernicus is the primary prospect located in license PL1017, which lies on the Utgard High in the Vøring Basin region of the Norwegian Sea.
Surface Transforms (SCE) announced that it has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to a battery electric vehicle automotive company – previously described by Surface Transforms as “OEM 9”. The lifetime revenue on this contract is estimated to be approximately £13m over 5 years. The Company expects series production to commence in early 2024. The contract is priced in GBP.
CentralNic Group (CNIC), the global internet platform, announced its unaudited financial results for the six months ended 30 June 2022. The company said it has enjoyed a strong first half of the year with year-on-year organic growth now reaching a record 62%, with its high cash conversion driving net debt down to below EBITDA for 2022. CentralNic said it continues to deliver sustainable growth thanks to its hugely scalable and privacy safe proprietary solutions and the enormous size of the market opportunities it is addressing.
nanosynth, (NNN) the AIM quoted company specialising in nanoparticles, announced they have entered into a joint development agreement with a global wellness company for their first project in the cosmetics market. It is anticipated that the development programme will run for 12 months and involve two major work packages. Both companies will retain their own intellectual property.
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