Hydrogen Utopia (HUI), a company specialising in turning non-recyclable mixed waste plastic into hydrogen has moved up from Aquis to the LSE this week without garnering any mainstream media press coverage.
Announced that director Howard White has purchased 350,000 shares at 16.1277p. Following this acquisition, Howard White has a total interest in 15.3m shares, representing 3.98% of the voting rights of the company.
Atlantic Lithium (ALL) the African-focussed lithium exploration and development company, announced final assay results from the resource and exploration drilling programme completed at the Ewoyaa Lithium Project. The company said this last batch of results has delivered multiple near-surface drill intersections in new pegmatites defined outside of the resource footprint at the Kaampakrom North and Grasscutter North targets including highlights of 36m at 1.23% Li2O from 42m and 20m at 1.62% Li2O from 44m.
Arkle (ARK) announced the discovery of lithium (Li2O) bearing pegmatites in its Mine River Block on the Wexford/Wicklow border in Ireland. Of the 34 rock chip samples collected late last year, six returned lithium grades over 0.02% Li2O with one sample assaying 0.09% Li2O from the Bunclody area. Elevated lithium also correlated with enriched levels of Caesium (Cs) Rubidium (Rb) and Tantalum (Ta), which are known pathfinder elements for Lithium. The Directors said it believes these results are compelling as it suggests the Mine River Block is fertile for Lithium Caesium Tantalum (LCT) pegmatite deposits.
Likewise Group (LIKE), the UK floor coverings distributor, announce that Total Sales Revenue for the year ended 31 December 2022 increased by 103.9% to £124.4 million following a progressive Q4 increase of 107.0%. Like for like Sales improved by 26.6% in Q4 culminating in 25.7% for the full year.
Empire Metals (EEE), the AIM-quoted resource exploration and development company, announced that exploration field work is progressing well at the Pitfield Copper Project, and that drilling has also recommenced at the Eclipse-Gindalbie Project, both located in Western Australia. The company said that great progress has been made on its two main exploration camps at Pitfield and Eclipse-Gindalbie over recent weeks as it set ourselves up for a major exploration push during H1 2023.
Landore Resources (LND) provided an update on the review of the options available to Landore in relation to its Canadian subsidiary /assets which concluded on 31st December 2022 and Landore’s operational plans for 2023. The company said it is in a strong position to advance the BAM gold project and the Company’s base metals projects this year.
Midatech Pharma (MTPH), an R&D biotechnology company, announced that following completion of one month of treatment with MTX-110 in the first patient, its Phase I study of MTX-110 in recurrent glioblastoma(NCT 05324501) will continue with a planned dose escalation following a positive recommendation from the study’s Data Safety Monitoring Board.
Tertiary Minerals (TYM) said its Konkola West Copper Project in Zambia has been brought into sharp focus by the recent $150 million investment in the adjacent Mingomba Copper Deposit (Lubambe Extension Project) by KoBold Metals, whose shareholders include Breakthrough Energy Ventures, a climate and technology fund founded by Microsoft’s Bill Gates and backed by Amazon’s Jeff Bezos, and Virgin’s Sir Richard Branson, and mining giant BHP (announced at the Biden Administration’s 2022 African Leader’s Summit).
Dechra (DPH) issued an unaudited Trading Update covering the half year reporting period from 1 July to 31 December 2022. The company said it had delivered revenue growth in the first half of our financial year, with the core markets of Europe and North America both having performed well. Although revenue growth has, as expected, slowed from the extraordinary levels of the past two years, it continues to remain agile in responding to market conditions and its product portfolio is resilient in times of global economic uncertainty.
United Oil & Gas (UOG), the full-cycle oil and gas company, announced the results of an independent contingent resources audit conducted by Gaffney, Cline & Associates on the Maria Discovery, in Licence P2519, located in the UK Central North Sea (CNS). United holds a 100% working interest in the licence. The company said the report highlights the value of its 100% interest in this late stage appraisal and development asset that has the potential to deliver significant near term value.
NFT Investments (AQSE: NFT), an incubator where the clue is in the name, reported that it is currently managing a cyber security incident after discovering a fraudulent phishing attack from an unknown external source on 9 January 2023. The attack resulted in the loss of $250,000 of the company’s assets, which represents less than 1% of NFT’s current Net Asset Value. The Board has seen no evidence that the financial performance of the company has been impaired.
Enwell Energy (ENW), the AIM-quoted oil and gas exploration and production group, provided an update on its operational activities in Ukraine. The company said although the situation in Ukraine continues to be extremely challenging, it is pleased that, with the resumption of production operations at the VAS field, it now has operational activity at both of its production assets. The adverse Court ruling regarding the SC licence is very disappointing but it is progressing appeal proceedings to challenge that ruling.
Afentra (AET) provided an update regarding the previously announced Angolan acquisitions. The company said the receipt of approval from the Ministry of Mineral Resources, Oil and Gas for the INA Acquisition is a key step in this process and we now look forward to completing the acquisition in the coming weeks.
Woodbois (WBI) revealed a Q4 2022 update. The company said 2022 marked another solid year of progress with increased levels of production at both factories in Gabon resulting in an unaudited revenue increase of 32% to $23.1m and a 69% rise in Gross Profit to $5.9m. EBITDAS increased by more than 3x.
Phoenix Copper (PXC), the AIM-quoted USA focused base and precious metals emerging producer and exploration company, reported the assay results from a further two metallurgical core holes at its Empire Open Pit Copper Project, in Custer County, Idaho, USA. 1,077 metres of a planned 1,500 m metallurgical core drilling programme were completed during 2022 and will provide samples and technical information for further metallurgical testing, geotechnical studies, and geological modelling.
MetalNRG (MNRG) said that at the General Meeting of the Company, requisitioned by shareholders, held yesterday, 11 January 2023 at 12.00 midday, the Resolutions set out in the Notice of General Meeting were not passed by shareholders.
K3 (KBT), which provides business‐critical software solutions, announced an update on trading for the financial year ended 30 November 2022. The Group said it continued to make very encouraging progress against its strategic plan and K3’s second half performance is in line with management expectations.
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