DeepVerge (DVRG) confirmed that analysis to investigate the detection of SARS-CoV-2 virus on Microtox®PD chips coated with Optimers, binding agents provided by Aptamer Group (APTA), has detected 3 common variants of concern of SARS-CoV-2 virus.
By Zak Mir
Modern Water Mobile Services is due to launch later this quarter, and will have Compact Microtox®PD units with the ability to test for all 3 variants to detect and quantify the spready of COVID-19 in the community.
Bushveld Minerals (BMN), the primary vanadium producer and energy storage solutions provider, announced revised agreement terms regarding Mustang Energy’s acquisition of a 22.10 per cent interest in VRFB-H. On 27 April 2021, the Company announced an investment by Mustang Energy of approximately US$7.5 million into VRFB-H. Enerox is a Vanadium Redox Flow Battery manufacturer providing grid scale and micro-grid energy storage solutions. Bushveld Energy holds a 50.5 per cent shareholding in VRFB-H which in turn holds a 50 per cent shareholding in EHL. BEL, is an 84 per cent owned subsidiary of Bushveld Minerals.
Cracking the U.S. is always a big deal for UK companies, and it would appear that East Imperial (EISB) has gone one up on Fevertree (FEVR) in this respect. The global purveyor of ultra-premium beverages has signed a long-term distribution agreement with Republic National Distributing Company (RNDC), one of the largest distributors in the US operating across 37 states. RNDC will commence distributing to the on-trade and off-trade markets from March 2022 across eight US states, an opportunity for East Imperial to achieve a step-change in the scale of the business across the US. RNDC already provides distribution for East Imperial’s best-selling beverages in California, which has experienced strong sales growth.
Argo Blockchain (ARB), the cryptocurrency mining play, updated on Argo Labs, its in-house innovation arm. Argo has allocated approximately 10% of the company’s crypto assets in its “HODL” to Argo Labs, which is focused on network participation and strategic diversification through the efficient deployment of the Company’s crypto treasury assets. The company also announced the appointment of Vakeesan Mahalingam, CFA, as Head of Argo Labs.
Red Rock Resources (RRR), the natural resource development company, updated on the Red Rock VUP Project. On 14th January 2022 the Commercial Court of Lubumbashi issued an executory judgment ordering VUP SA, the Company’s partner in the Joint Venture, to pay $2,000,000 as damages, with costs. This follows the earlier judgment for payment of a principal amount of $2,505,000, representing 50.1% of the payment already made by a third party to VUP SA.
Rainbow Rare Earths (RBW), the rare earths company with assets in South Africa and Burundi, announced an amendment to the Agreement for Co-Development of the 38.3Mt Phalaborwa Rare Earths Project with Bosveld Phosphates (Pty) Ltd. When the Joint Venture was announced in November 2020, a mechanism was included in the Agreement to allow for Rainbow’s Joint Venture ownership to vary from 60% to 85%, dependent on results of the Pre-Feasibility Study.
Shares of Serinus Energy (SENX) have been in recovery mode of late. It will be interesting to see whether the latest health and safety announcement moves the dial further. The company said that the Moftinu Gas Project in Romania has achieved 1,000 accident-free days of continuous operation.
Perhaps not surprisingly, Cornerstone (CSFS) received gushing attention from Hardman & Co Research. They said that CSFS is experiencing strong growth, benefiting particularly from favourable underlying market trends and from the expansion of its Asia-focused operations during FY21. The trading update for FY21 to end-December confirms strong revenue momentum (38% year-on-year growth) and an emphatic 21.7% point YoY uplift in gross margin. The margin uplift was driven by higher customer revenue through direct channels (c.56% of total revenue in FY21), versus the indirect introducer network, although all channels saw growth. With a coherent product development roadmap in place and a strong pipeline of acquisitions, Cornerstone should continue to deliver solid growth over the medium term.
Longboat Energy (LBE), the emerging full-cycle North Sea E&P company, announced the award of a licence under the Norwegian APA licensing round. The Ministry of Petroleum and Energy has offered Longboat Energy Norway AS a 25% interest in Production Licence, PL 1049C, covering a possible extension of the Cambozola prospect towards the north. Cambozola will be drilled back-to-back following the PL 293B Kveikje well (Company 10%) which in turn is expected to spud at the end of Q1 22.
eve Sleep (EVE), the direct to consumer sleep wellness brand, announced a trading update for the full year ended 31 December 2021. The company said it has made great progress in 2021, overcoming the many external challenges it has faced, thanks to the dedication and unswerving commitment of our incredible team. The UK&I business continues to go from strength-to-strength, on reduced marketing spend, achieving 22% growth on pre-Covid 2019 comparatives.
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