Chaarat (CGH), the AIM-quoted gold mining company with an operating mine in Armenia, and assets at various stages of development in the Kyrgyz Republic, announced its audited full-year results for the 12 months ended 31 December 2021. The company said it had exceeded its 2021 production guidance at Kapan and achieved another set of strong financial results.
Cloudbreak Discovery (CDL) has entered into a Mineral Application Cooperation Agreement with Gondwana Petroleum Namibia Pty Ltd., Timeworn Investments Pty Ltd., Pioneer Oil and Gas Consulting CC and a Swiss Based Asset Manager. The purpose of the MACA is to jointly work towards submission of an application to acquire Petroleum Exploration License 1724 in Namibia.
Panther Metals (PALM) the company focused on mineral exploration in Canada, has entered into an option and sale and purchase agreement with Shear Gold Exploration Corporation to purchase a substantial claim holding including the West Limb and Glass Reef gold properties, on the Eagle – Manitou Lakes Greenstone Belt.
Belluscura (BELL), a medical device developer, said that the X-PLOR portable oxygen concentrator has been awarded a Distribution and Pricing Agreement code from the U.S. Defense Logistics Agency through its distribution partner, Lovell Government Services Inc. DLA procures items from manufacturers and suppliers and provides them to the Department of Defense and other federal/state customers throughout the US and globally.
United Oil & Gas (UOG) has received approval from the Ministry of Ecological Transition in Italy for the transfer of ownership of UOG Italia S.r.l. to Prospex Energy. The change of control was the final condition to be satisfied in the Sale and Purchase Agreement with Prospex, following the prior satisfaction of the fundraising condition by Prospex on 23 February 2022.
Omega (ODX), the specialist medical diagnostics company focused, updated for the year ended 31 March 2022. The company expects to report a 41% increase in revenues to £12.3m (2021: £8.7m), with the Health and Nutrition (H&N) division contributing £8.6m of revenue (2021: £6.8m). The share price of ODX does not seem to reflect such glossy numbers.
Kistos (KIST), the gas producer, provided its audited results for the period to 31 December 2021. The company said that given its financial strength and in line with its strategy, it continues to evaluate several business development opportunities in the energy transition space
AFC Energy (AFC), a provider of hydrogen power generation technologies, announced the launch of its new Hydrogen fueled “Power Tower EV” integrating for the first time ABB’s AC charging solution. The company said it is “pleased” to bring to market the “Power Tower EV”, its first fully integrated, standalone, modular, mobile EV charging system utilising best in class charging platforms from its e-mobility partner, ABB.
Blue Star Capital (BLU), the investing company, provided an update in respect of its investee company, Dynasty Gaming & Media Pte Ltd. The company said Dynasty has invested strongly during these past 12 months to become the default “Home of Gamers” in their respective markets, Dynasty is now well positioned for future growth. With regards to a potential listing, BLU remain open to all options but is not currently tied to any one specific direction or timeline.
Mkango Resources (MKA) provided an update on the exploration programme at the Nkalonje Hill Rare Earths Project. The company said it is extremely encouraged by the recent exploration results for the Nkalonje Hill Rare Earths project. The targets generated from the mapping and geophysics data are exciting indicators of the potential for further mineralisation at depth.
Scotgold Resources (SGZ), has entered into an agreement with Fern Wealth GmbH to arrange the procurement of loan for an amount up to £3 million (the “New Loans”). The Company intends to use the proceeds to achieve a gold production run rate of c.23,500oz p.a. by the end of Q1 2023.
All Things Considered Group (ATC), an independent music company, provided a trading update. The company said it is seeing the positive impact of the retreat of Covid restrictions and the opening up of global music markets. The capital it raised at the end of 2021 has put it in a strong position to take advantage of new opportunities.
Mast Energy Developments (MAST), the UK-based multi-asset operator in the Reserve Power market, announced a general update to align MED’s site roll-out strategy with the unprecedented growth in electricity prices in the UK-energy sector. The company said it remains of the opinion that the UK energy markets provide highly attractive economics for flexible power investments supported by unprecedented record high power prices and the current energy market structure.
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