RNS Hotlist with Zak Mir: GGP, CGH, GRX, BIDS, SCLP, IGAS, UOG, PHC & TERN via Vox Markets

Greatland Gold (GGP), a mining development and exploration company, provided an exploration and development update at the Havieron gold-copper project in the Paterson region of Western Australia.

Author @ZaksTradersCafe

The company said the growth drilling programme at Havieron continues to deliver outstanding results as high-grade extensions to the mineralisation are identified across the expanse of the ore body.

Chaarat (CGH), the AIM-quoted gold mining company, announced its production and operational results for the quarter ended 30 September 2022 for its Kapan Mine in Armenia and a general corporate update. The company said production for the quarter exceeded its targets. EBITDA for the quarter was impacted by the significant strengthening of the Armenian Dram versus the US Dollar. During the fourth quarter it will provide an updated JORC compliant Mineral Resource Estimate and Ore Reserves Estimate on its Kapan mine which is expected to meaningfully increase Estimates and extend the mine life. Recent media reports have commented on the corporate development efforts underway to add to the portfolio.

GreenX Metals (GRX) presented its Quarterly Activities Report for the period during and subsequent to 30 September 2022. The company said it continued with its exploration work program to acquire up to 80% of the ARC copper project in Greenland. A Statement of Reply for ongoing arbitration against Poland has been filed with a revised claim for compensation in the amount of £737 million as prepared by external quantum experts.

Bidstack (BIDS) said it noted recent press commentary regarding a private communication by the company with certain investors concerning an email received from Azerion, which the Directors have been advised did not require disclosure under either the AIM Rules or MAR. The company said it would like to stress that, contrary to the press commentary, there is no litigation with Azerion, and the contract with Azerion continues to operate as expected.

Scancell Holdings (SCLP), the developer of novel immunotherapies, announced its final audited financial results for the year ended 30 April 2022 as well as a business update on progress achieved post-period. The company said It has been a year of strong operational and clinical progress for Scancell with three vaccine candidates now in the clinic and the antibody platforms gathering momentum with expanded internal research and external validation.

IGas (IGAS) said it was shocked and disappointed that the UK Government has now formally announced another moratorium on fracking in England through the release of a Written Ministerial Statement at the height of an energy and cost of living crisis.

United Oil & Gas (UOG), the growing oil and gas company, announced an update on the drilling of the ASH-4 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. The company said the ASH-4 well result marks a successful return to drilling on a prolific area of the Abu Sennan licence. Based on the initial petrophysical interpretation it expects that this well will deliver a material increase to current production levels.

Plant Health Care® (PHC), a provider of novel patent-protected biological products, has signed an agreement for EDAF Unipessoal LDA to become the exclusive distributor in Portugal for its proprietary PREtec-containing fertilizer, PREzym™, for use in fruit, vegetable and cereals crop production. The company said it is on track to achieve revenue of $30 million by 2025 through the launch of new products and continued organic business growth through current and future distributor relationships.

Tern (TERN), the company focused on value creation from Internet of Things technology businesses, announces that Device Authority Limited, of which Tern currently owns 53.8% of the equity, has completed a $440,000 working capital funding in the form of unsecured convertible loan notes.

Author @ZaksTradersCafe

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