RNS Hotlist with Zak Mir: GGP, GLR, BANK, RENE, BRSD, HZM, PANR, BMV, BVC, EISB, INSP, TERN, MAST & EVG via Vox Markets

Greatland Gold (GGP), the 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 Havieron achieved a significant milestone with the exploration decline development extending beyond the 1,000 metre mark. The accelerated rate of advancement reflects the improved ground conditions.

Galileo Resources (GLR) provided an update on a reconnaissance mapping and sampling programme completed over the Kamativi Lithium Project in southwest Zimbabwe. The Project area comprises exploration licence EPO 1782 covering an area of 520 sq km in western Zimbabwe. Galileo has a current interest of 29% in the Project, held through its interest in BC Ventures, along with an option to earn an additional 51% interest through spending a combined total of $1.5million on exploration and evaluation in the Project area and over the Bulawayo gold-nickel property by 21 January 2024.

Fiinu (BANK), a fintech company, announced a further update on the progress the Group is making and the Group’s current priorities for the remainder of the mobilisation phase. The company said that since the interim results announced on 29 September 2022, a number of the key technology deliverables have been developed and in line with the Group plan. The initial testing phase has commenced and will continue into the new year with development on track to complete pilot testing in H1 2023.

ReNeuron (RENE), a UK-based leader in stem cell derived exosomes technologies, announced that one of its lead scientists, Dr Steve Pells, yesterday presented new data on the advantages of its induced pluripotent stem cells (iPSCs) including data from the Company’s collaboration with University College London (UCL), at a major industry conference on iPSC-Derived Cell Therapies.

BrandShield Systems (BRSD), a provider of cybersecurity solutions, announced new data regarding the prevalence of website, marketplace and social media fraud related to the 2022 FIFA World Cup in Qatar. World Cup’ and ‘FIFA’ were the two most popular targeted impersonations, with domain registrations increasing 252% and 137% across the period respectively.

Horizonte Minerals (HZM), announced that it has satisfied all conditions precedent for the first utilisation under the senior secured project finance debt facilities of $346.2 million, as previously announced in March 2022.

Pantheon Resources (PANR), the AIM listed oil and gas company, whose shares have bounced rather sharply since bears managed to use the stock market version of Project Fear recently, announced the receipt of a report from Schlumberger. It is interesting that the shares rose 22% ahead of today’s news, almost as if there was short covering. The company said applying management’s estimate of recovery factor of 10 percent to OIP calculates over 1 billion barrels of recoverable oil onshore USA adjoining major underutilized export infrastructure in a stable tax and royalty environment.

Bluebird Merchant Ventures (BMV), a gold company, announced that it has raised £230,000 Management through the issue of 11,500,000 new ordinary shares at 2p. The company said the funds raised will facilitate the completion of the application of the Temporary Mountain Use Permits.

BATM (BVC), a provider of real-time technologies, updated on its trading for FY 2022. The company said BATM is profitable with a very strong balance sheet comprising both cash and investments in financial assets of approximately $40m as well as property and valuable IP.

East Imperial (EISB), the purveyor of ultra-premium beverages, announced the appointment of SUTL Group as the Company’s exclusive distribution partner in Vietnam. Under the terms of the partnership, SUTL will supply East Imperial’s entire range throughout Vietnam. EISB said the partnership with SUTL will enable it to continue to build its presence in the luxury hotel and high-end tourism market.

Inspirit (INSP), the waste heat recovery technology and engineering solutions company, announced that it has entered into a short-term, un-secured debt facility of approximately £205,075). Under the Facility Inspirit will be initially drawing down £65,624. The Facility is with Riverfort Global Opportunities (RGO).

It would appear that Tern (TERN), the company focused on technology businesses, has been keen to capitalise on recent share price strength. It announced that it has raised £1.5 million at a price of 10p. Amongst other things the company said it would use the cash to provide it with a stronger negotiating position and with funding for follow-on investment opportunities in future syndicated fundraises performed by Tern’s existing portfolio companies.

Mast Energy Developments (MAST), the UK-based multi-asset owner and operator in the rapidly growing Reserve Power market is pleased to announce a further update to its last announcement on its Bordesley peaking power project in central Birmingham, which is in early construction stage.

Evgen Pharma (EVG), the clinical stage drug development company, announces its unaudited interim results for the six months ended 30 September 2022. The company said that during the period the regulatory authorities have been highly supportive of its efforts through approvals for its clinical work and receipt of scientific advice, whilst its manufacturing effort is producing commercial grade tablets.

Author @ZaksTradersCafe


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