Caerus Mineral Resources (CMRS) the exploration and resource development company, announced it has entered into an exclusive option agreement with EV Metals Group Plc to acquire 90% of RIWAQ Al Mawarid for Mining. The company said that the agreement is entirely in line with its evolved strategy to invest in larger scale opportunities.
Caracal Gold (GCAT), the East African gold producer, announced sample assay results from its Diamond Drilling programme on the Vim Rutha prospect, a shear zone of about 4.9km parallel to the known orebody at the Kilimapesa Hill deposit at the Kilimapesa Gold and Mining Operations in Kenya. The drilling intercepted, on several occasions and over a distance of more than 2km from west to east, one or more mineralised structures of significant thickness located a few hundred metres south of Kilimapesa Hill.
Empire Metals (EEE), the AIM-quoted resource exploration and development company, announced an expansion of the exploration camp at the Pitfield Copper Project, located in Western Australia, with the addition of two new Exploration Licence Applications covering extensions to the north and south of the massive alteration footprint previously announced by the company. The company said this is important step which will provide additional exploration targets across what potentially could be a “Giant” copper mineralised system.
Shield Therapeutics (STX), a commercial stage pharmaceutical company, announced a proposed equity fundraising by way of a subscription and placing of new ordinary shares to raise approximately £14.7m in aggregate at a price per share of 6p. Shield also announced an $10 million extension of its existing convertible shareholder loan facility with AOP Health International Management AG and a collaborative sales agreement with Viatris Inc., a global healthcare company, which includes an up-front cash payment to Shield of $5 million.
CAP-XX (CPX), the manufacturer of supercapacitors, announced that it has added coin cell supercapacitors to its product portfolio. Coin cell supercaps replace button cell batteries (and the battery holder) to provide real-time clock back-up power, and ride through for battery-operated devices to allow time for battery replacements. The new CAP-XX coin cell supercap product line is available with six weeks lead-time.
Belluscura (BELL), a medical device developer, announced it has entered into its first international distribution agreement outside of the US, with MedHealth Supplies of South Africa. Following the distribution agreement, MedHealth has placed orders for both 2022 and 2023, with deliveries to commence immediately.
Invinity Energy Systems (IES), a manufacturer of utility-grade energy storage, announced the sale of a 1.5 MWh Invinity VS3 flow battery system to Hyosung Heavy Industries for use by Korea Electric Power Corporation, Korea’s national electricity utility. On 8 April 2022, Invinity and Hyosung announced their intention to initiate a global partnership, and this strategically significant sale is an important next step in that relationship.
REACT Group (REAT), the specialist cleaning company, announced a further update since its Trading Update of 26 October 2022 in which it reported very positive performance for the year ended 30 September 2022 and a strong start to the current financial year. The company said LaddersFree has continued to perform strongly. In the three months to 31 August 2022 turnover was over £1m, with turnover increasing in each month since the acquisition in May 2022.
Regular RNS releaser, Power Metal Resources (POW), the London listed exploration company, announced a diamond drill programme has commenced at the historic Berringa Gold Mine held within the Company’s Victoria Goldfields joint venture. The company said a diamond drill rig has mobilised to site and drilling has commenced at the historic Berringa former high-grade producing gold mine in the Victoria Goldfields.
Blackbird (BIRD), the technology licensor, announced that EVS Broadcast Equipment, its first technology licensee, has launched its web-based editing application named “IPD-VIA Create”. IDP-VIA Create was built by EVS in collaboration with the company. Blackbird said EVS is a leader in live video technology for broadcast and new media productions.
Longboat Energy (LBE), the emerging full-cycle E&P company, provided an update. The company said that during 2022, Longboat delivered a five well Norwegian exploration programme in-line with forecast expenditure and estimates its unaudited, year-end 2022 cash position will be approximately £9 million. Current drawings under the Company’s Exploration Finance Facility are NOK 536 million (£44million) and will be repaid fully from its Norwegian tax rebate due in November 2023.
Predator Oil & Gas Holdings (PRD), the Jersey based Oil and Gas Company, provided an update on progress towards the commencement of drilling of the high impact/high reward MOU-2 well in Guercif onshore northern Morocco. The company said initial mobilisation of the Star Valley Rig 101 equipment to the MOU-2 drilling location has commence. Remaining materials and inventory are in transit and will arrive on location in the coming days.
Red Rock Resources (RRR), a natural resource development company, announced an update in relation to the exploration programmes being carried out by joint venture subsidiary New Ballarat Gold Corporation plc in the Victoria Goldfields of Australia. The company said exploration is carried out by Red Rock Australasia Pty Ltd, the 100% owned Australian operating subsidiary of NBGC. Further to the announcement of the acquisition of the Berringa Gold Mine on 22 September 2022, Red Rock announces that diamond drilling has begun at the historic Berringa Gold Mine, near Ballarat in the Victoria Goldfields.
Access Intelligence (ACC), the technology innovator, announced an update on trading for the year ended 30 November 2022. Access Intelligence said it has traded robustly in 2022 delivering excellent revenue growth of 97% and Adjusted EBITDA ahead of consensus expectations whilst continuing to transform and integrate the Isentia business acquired in Q4 2021.
Nuformix (NFX), a pharmaceutical development company, announced its unaudited results for the six months ended 30 September. The company said its pre-clinical efforts to date demonstrate that inhaled treatment of IPF and related fibrotic lung diseases via NXP002 is a viable concept, a concept that it is becoming increasingly validated by clinical data emerging from the public domain.
Duke Royalty (DUKE), a provider of alternative capital solutions, announced a follow-on investment of £3.2 million into existing royalty partner Tristone Healthcare Limited to fund its latest acquisition. Tristone provides specialist residential and domiciliary care in two end markets.
Sosandar (SOS), the UK fashion brand, announced its financial results for the six months ended 30 September 2022 and an update on current trading. The company said it has made a strong start to H2 FY23 with record sales months delivered in October and then November. Black Friday saw record number of visits to Sosandar.com and the strongest sales week on record for our third party partners, with margins increasing on H1 FY23.
Block Energy (BLOE), the exploration and production company focused on Georgia, announced that drilling operations on well WR-B01 ST have commenced. Well WR-B01 ST will target a fracture system, identified by a high density of seismic attribute lineations, on the west side of the Krtsanisi anticline on the West Rustavi oil field. The well will be drilled c.500m to the west and up-dip of well JKT-01Z, which has been on continuous production for almost a year, with cumulative volumes of over 73,000 boe.
Synectics (SNX), a security and surveillance systems group, provided a trading update for its financial year ended 30 November 2022. The company said trading has continued in line with the Board’s expectations as set out in the Company’s interim results announcement of 12 July 2022. Second half profit is expected to be higher than in the first half, resulting in an underlying profit for the full year being slightly ahead of market expectations.
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