RNS Hotlist with Zak Mir: EVG, HUI, MSMN, I3E, DKL, ZPHR, HE1, JAY, QUIZ, ORR & THR

Evgen Pharma (EVG), a clinical-stage drug development company, has licensed the global rights for lead asset SFX-01 in neurodevelopmental disorders and schizophrenia to Stalicla SA, a Swiss company specialising in the identification of specific phenotypes of autism.

Author @ZaksTradersCafe

Evgen retains global rights for all other indications. The company said the SFX-01 licensing deal is for up to $160.5m in milestone payments.

Hydrogen Utopia International (HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, announced that it has through its Polish subsidiary, Hydropolis United, agreed a MOU with Elkard Z.o.o. Sp.K., a company based in Poland, in relation to the development of a HUI Plant. HUI said entering into this agreement with Elkard, one of the most powerful and successful families in Poland, provides huge encouragement for HUI in its mission to build the first plastic waste to hydrogen facility on the Continent.

Mosman Oil and Gas (MSMN) the oil exploration, development, and production company, confirms that drilling at the Cinnabar-1 well in Tyler County, Texas is proceeding as planned. Cinnabar-1 was spudded on 30 September. Current operation is drilling ahead at a depth of 7,083 feet as at 10 pm October 8th (local time in Texas).

i3 Energy (I3E), an independent oil and gas company, announced the completion of drilling operations on the Serenity appraisal well on UK Licence P.2358, Block 13/12c. The targeted Lower Cretaceous Captain sand, which contained hydrocarbons in the 13/23c-10 well discovered in October 2019, was not present at this location. Over 100 ft of other Captain sands in various sequences were found but were water wet. The well will now be plugged and abandoned.

Dekel Agri-Vision (DKL), the West African agriculture company, provided a September production update. The company said the Cashew Operation is now on track in terms of production capacity to reach the goal of processing 10,000 tonnes of RCN in 2023. Whilst CPO volumes remain below the record H2 2021 results, CPO volumes are showing signs of improvement and CPO extraction rates are relatively strong. CPO and PKO prices achieved remained close to all-time highs which is important as it edges closer to the next high season in early 2023.

Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company, announced the completion of the acquisition of a package of oil and gas assets located on and around the company’s Paradox project, Utah, U.S.. Details of the Acquisition were announced on 14 September 2022.

Helium One Global (HE1), the primary helium explorer, announced the successful completion of a third-party engineering audit on the operational capability of the company’s preferred drilling rig for Phase II drilling programme at the Rukwa (100%) project area in Tanzania. The company said the audit has allowed a complete assessment of the Rig’s operational capability culminating in a successful high-pressure endurance test that required all systems on the rig to operate together under more than 2,000 Psi pressure load for a period of eight hours.

Bluejay Mining (JAY), the exploration and development company, announced the successful completion of the 2022 work programme at its Green Transition and Battery Metals Disko-Nuussuaq Project, on behalf of Nikkeli Greenland A/S, the Joint Venture company created by Bluejay and its JV partner KoBold Metals.

QUIZ (QUIZ), the omni-channel fashion brand, announced a Trading Update for the period from 1 April 2022 to 30 September 2022. The Group’s total revenues in the Period were £49.4m, 37.2% higher than the Prior year, marginally ahead of the Board’s expectations. This performance represents a £13.4m increase on the comparable prior year period from 1 April to 30 September 2021. The company said this reflects the appeal of the QUIZ brand and its strong reputation amongst its customers for dressy and occasion wear.

Oriole Resources (ORR), the AIM-quoted exploration company focussed on West Africa, reported a maiden JORC-compliant Exploration Target for its 90%-owned Bibemi orogenic gold project. For the Bakassi Zone 1 prospect this consisted of between six million tonnes and eight million tonnes at grades ranging from 1.50 to 1.70 grammes per tonne (‘g/t’) Au for between 290,000 and 440,000 Troy ounces of gold.

Thor Mining (THR) announced the commencement of a drilling program at the Company’s 100% owned Kelly’s Prospect within the Ragged Range Project, located in Eastern Pilbara, Western Australia. The company said historically, exploration activities across the area have only focused on copper, despite encouraging gold indications, such as a 1.5m @ 22.97g/t Au intercept drilled in 1969.

Author @ZaksTradersCafe

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