Eurasia (EUA), the multi-metals producing company, reported its unaudited interim results and operational summary for the six months ended 30 June 2022.
The company said it continues to advance plans at both operations in the Urals and Kola Peninsula, adding value to both projects while pursuing a potential sale of assets as previously announced. Despite significant geopolitical tensions the operating environment within Russia itself has not changed materially with respect to operations there.
Open Orphan (ORPH), (to be renamed hVIVO plc (AIM: HVO) effective 26 October 2022), a contract research organisation, announced that positive data from a peer-reviewed study evaluating the in vitro efficacy of FLU-v, Imutex Limited’s broad spectrum influenza vaccine, has been published in the scientific journal Vaccines.
San Leon (SLE), the independent oil and gas company focused on Nigeria, announced its unaudited interim results for the six months ended 30 June 2022. The company said it was delighted to have entered into a series of agreements for the Proposed Transactions in early July 2022. It is making good progress on clearing the conditions associated with the agreements and still expects to complete the Proposed Transactions in the fourth quarter of 2022. These transactions will pave the way for the company to deliver its strategy of becoming a significant participant in the Nigerian oil and gas market.
Bezant (BZT), the copper-gold exploration and development company, announced its unaudited interim results for the six months ended 30 June 2022. The company said it is very confident with the underlying quality of its project portfolio in copper, gold and battery manganese since they are metals which continue to have short and mid-term strong potential coupled with supply constraints.
Xtract Resources (XTR) announced the preliminary unaudited results for all alluvial and hard rock mining contractors for the Manica Concession, for the three-month period ended 30 June 2022. The company the results for the June quarter are fairly consistent with previous quarters with Guy Fawkes slowly opening up areas for production. Fair Bride is now in production and teething problems of the plant and the mine are being reduced and eliminated. It anticipates gold production will increase significantly in the final quarter of this year.
Catenae Innovation (CTEA), the AIM quoted provider of digital media and technology, announced its half-yearly report for the six months ended 31 March 2022. The company also announced that, post period end, it has entered into an agreement for a convertible loan facility for up to £250,000 with Sanderson Capital Partners, which will consist of an initial drawdown of £125,000 followed by a further drawdown expected three months thereafter. The company said Catenae’s ongoing consultation with DCMS in the development of the Digital Identity and Trust Attributes Framework Policy reflects its standing in the sector. The investment in software IP development also contributes to the future-proofing of our competitive product set offerings, not just within the Geo-spatial sector.
Microsaic Systems (MSYS), the developer of micro-electronic instruments and analytical solutions, announce its unaudited interim results for the six months ended 30 June 2022. This revealed unaudited revenues of £735k: an increase of 47% on H1 2021 (£499k) Increase in gross profit by 164% to £433k (H1 2021: £164k). The company said the change in business strategy which began in 2021 has carried through to 2022. The result of which can be seen in the increased revenues and gross profit which have led to reduced losses.
RiverFort Global Opportunities (RGO) announced its unaudited interim results for the six months to 30 June 2022. The company said it has continued to generate investment income during this period and demand for its capital is growing against the background of difficult stock market conditions. The Company has broadly maintained its NAV in the first half of 2022 such that the company’s current share price now represents a 55% discount to its underlying NAV.
Capital Metals (CMET), a mineral sands company approaching mine development stage at the Eastern Minerals project in Sri Lanka announced its AGM statement. The company said its focus is on concluding the lease agreement for Oluvil Port, which the Ports Authority has formally confirmed it wishes to enter into, and further refining the technical, engineering, and economic aspects of the Project in preparation for construction. The strong current and forecast prices for our minerals, coupled with the clear potential for further expansion of our high-grade resource, provides excellent potential to further enhance the economics of the Project
African Pioneer (AFP), a company engaging in development of natural resources exploration projects in Sub-Saharan Africa, announces its unaudited interim results for the six months ended 30 June 2022. The company said its short to medium term strategic objectives are to enhance the value of its mineral resource Projects through exploration and technical studies conducted by the Company or through joint venture or other arrangements with a view to establishing the Projects can be economically mined for profit.
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