While we await alleged M&A developments, we have something to tide us over at Audioboom (BOOM), the podcast company, as it announced the renewal of partnerships with key podcasts including Dark History, Murder Mystery & Makeup and No Such Thing As A Fish, and the continued expansion of its creator network through new commercial agreements with two top tier podcasts, Fair Game with Leah Remini and The Roman Atwood Podcast.
The company said it continues to attract podcasting’s best creators to our network as it creates “incredible” value for its partners through its technology and revenue platform. These partnerships highlight the core strengths of its business; creative development; high-quality production; and high value monetisation.
Serinus Energy (SENX) said that Jeffrey Auld, Chief Executive Officer of the Company, purchased on 13 July 2022 98,000 shares at an average price of 9.2p. Following the purchase, Mr. Auld’s has 0.4286% of the company.
Jubilee Metals Group (JLP), a metals processing group with operations in Africa, announced the appointment of Ms. Tracey Kerr as independent non-executive director of the Company with immediate effect. The appointment of Ms. Kerr is part of the Company’s global expansion strategy Tracey was most recently Group Head of Sustainable Development (Sept 2020 to April 2021) at Anglo American Plc.
Anglo Asian Mining (AAZ), the AIM listed gold, copper and silver producer focused in Azerbaijan, provided a production, sales and operations review for the three months to 30 June 2022 and six months to 30 June 2022. The company said it was delighted to have received Parliamentary Ratification for the new contract areas in early July, allowing its team access to the Garadagh and Xarxar sites. It is now working on its three-year production plan and to summarise its resources. The three new contract areas transform its asset base, and it is “excited” to begin its transition into a copper focused miner.
Premier African Minerals (PREM) reported on assay results at Premier’s Zulu Lithium and Tantalum Project. The company said the results are again impressive. Notable is the continued pervasive Tantalum and Rubidium presence. The results reported on are from boreholes within the existing resource area and are part of the ongoing programme that is intended to upgrade confidence in the original resource estimate from an inferred level to an indicated level.
Xaar (XAR), the inkjet printing technology group, announced a trading update for the six months ended 30 June 2022. Revenue for the period is expected to be approximately £37 million, representing an increase of 41% relative to H1 2021 (14% organic excluding FFEI and Megnajet) and 12% relative to H2 2021 (11% organic excluding Megnajet). The company said it continues to make strategic and operational progress and remains on track to delivering long-term profitable growth.
Atalaya Mining (ATYM) announced its operations update for the second quarter of 2022. The company said it was “pleased” with the performance of the plant in Q2, with strong recoveries and a return to processing rates above our 15 Mtpa nameplate capacity. These contributed to a solid quarter of production and a material improvement from Q1. However, cost inflation remains very high and the prices of many key inputs are uncontrollable by nature. Therefore, it continues to focus on several key initiatives that will deliver operational efficiencies, stable and low cost electricity from 2023 and higher grade material to its processing plant. Its balance sheet remains strong and it is well placed to navigate the ongoing uncertainties.
Shield Therapeutics (STX), a commercial stage pharmaceutical company with a focus on treating iron deficiency with its lead product Accrufer®/Feraccru®, announced that Health Canada have screened and accepted the Accrufer® New Drug Submission, filed by Shield’s Licensing Partner, KYE Pharmaceuticals Inc. earlier this year. Health Canada are expected to complete their regulatory review in mid-2023 and a successful outcome will allow KYE to market Accrufer® in Canada. Shield will be responsible for all manufacturing and supply to the Canadian market.
Kibo Energy (KIBO), the renewable energy focused development company, announced that it has extended to 20 years its conditional 10-year take-or-pay Power Purchase Agreement, first announced in the Company’s RNS dated 14 February 2022. The PPA outlines the construction, commissioning and operation of a 2.7 MW plastic-to-syngas power plant to generate baseload electricity for an industrial business park developer in Gauteng, South Africa. The Project is the Company’s first under its joint venture, Sustineri Energy, in which Kibo Energy PLC holds 65% and Industrial Green Energy Solutions Pty Ltd holds the balance of 35%.
Kavango Resources (KAV) published the Independent Valuation conducted by Afrasia Mining and Energy Investment Holdings Ltd of the mineral exploration assets of Kanye Resources Proprietary Ltd. Following the announcement on 08 July 2022, Kavango will become the sole owner of Kanye on completion of the acquisition, which is conditional on publication of a prospectus relating to the new shares and warrants to be issued as consideration for the acquisition.
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