Chaarat (CGH), the AIM-quoted gold mining company, announced the updated JORC Compliant Mineral Resource Estimate for its Kapan polymetallic mine in the Republic of Armenia.
The company said the new MRE shows a 25% increase in Measured and Indicated ounces compared to 2021. New drilling converted mineralization to M&I to replace depletion during the period, and the improvements to the mining methods employed at Kapan have enabled an increase to the resource.
Powerhouse Energy (PHE), a company with technology that converts non-recyclable waste into low carbon energy, reported research funding granted to The University of Manchester in the development and validation of a novel, cost effective and potentially game-changing hydrogen separation technique that extracts hydrogen from synthesis gas produced by PHE’s DMG process. PHE said the project has the potential to significantly reduce the cost of hydrogen extraction from syngas.
Intelligent Ultrasound (IUG), the ultrasound AI software and simulation company, announced a Placing and Subscription to raise £5.2 million at 9.25p. The Fundraising has been arranged by Cenkos Securities – quite an achievement in current stock market conditions.
Westminster Group (WSG), a managed services and technology-based security solutions company, announced that Directors, and the Company Secretary, have, on 10 November 2022, purchased, in aggregate, 1,284,782 shares at 2.24p and 2.3p.
Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America, announced an update in relation to the share charge created on 27 October 2022. MBU Capital and Bluestar have both separately confirmed to the company that the charge is part of a long-term, routine financing arrangement on standard commercial terms agreed between MBU Capital and Bluestar, and that that the facility is not subject to any margin calls related to the share price performance of the company.
Horizonte Minerals (HZM), the nickel company developing two Tier 1 assets in Brazil, announced its unaudited financial results for the three months to 30 September 2022. The company said post period highlights included the closing of an $80 million fundraise for the construction of the Araguaia nickel project. There were contracts totalling in excess of $400 million awarded to-date at Araguaia, with all key equipment supply and technical support services for the balance of the Araguaia process flow sheet secured.
IOG (IOG), the Net Zero UK gas and infrastructure operator focused on high return projects, provides a Phase 1 operational update. The company said that for the remainder of 2022, its top priorities are safe and timely resumption of Saturn Banks production after the Bacton shutdown and successful stimulation to deliver first gas at the Southwark A2 well.
Synergia Energy (SYN), announced an update with respect to its Cambay India operations. The company said the C-77H well continues to produce on a consistent plateau with gas rates between 255 and 275 MCFD. The c. 1450m column of gas condensate persists and requires an artificial lift solution to both remove fluids and enhance gas production.
Castillo Copper (CCZ), a base metal explorer, said that trading in the shares of the company has been halted on the ASX effective from 11 November 2022. The halt was requested by the company pending the release of an announcement relating to geological results at the Broken Hill Project and a response to a price query from the ASX.
AQRU (AQRU), an incubator specialising in opportunities in DeFi, announced that it has partnered with Ben Sampson and Elliot Fielding, Managing Partners of the UK-based chartered accountancy firm Sampson Fielding Ltd., to launch a start-up under the brand “Daxiom” offering technology-led accountancy and advisory services for institutions holding digital assets, and their auditors.
Prospex Energy (PXEN), the AIM-quoted investment company, noted the announcements made on the ASX by Warrego Energy Ltd (ASX:WGO) on 10 November 2022, regarding a potential sale of its shares in Tarba EnergÃa S.L. as a result of a proposed merger of Warrego with Strike Energy Ltd. Warrego is a co-owner of Tarba and the coventurer in the assets that Prospex holds in Spain.
Caspian Sunrise (CASP) confirmed the details for the payment and receipt of funds, of its maiden dividend. This maiden dividend will total $1.13 million (£1 million).
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