RNS Hotlist with Zak Mir: HUI, PHE, CBX, BEN, LFT, HEMO, KEFI, ITX, MODE, JLP, SOU & IRON via Vox Markets

Hydrogen Utopia International (HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, said it has agreed heads of terms with Powerhouse Energy Group (PHE) for the joint development of a site at Lanespark in Co.Tipperary in the Midlands in Ireland which it anticipates will lead to HUI’s first operational full scale waste plastic to hydrogen facility in Europe.

Author @ZaksTradersCafe

HUI said the deal offers it the opportunity to jointly pioneer a European waste plastic to hydrogen plant in an area that offers plentiful feedstock supply and offtake potential in an attractive jurisdiction.

Cellular Goods (CBX), a UK-based wellness company, updated on its marketing initiatives through Condé Nast, and the results of a consumer survey commissioned by the Company from pollsters, YouGov. The company has been named as the Official Wellness Partner of GQ Heroes, British GQ’s annual top-tier business and creative industries summit taking place between 13 and 15 July 2022. The GQ Heroes sponsorship is part of the Company’s ongoing partnership with Condé Nast, signed in February 2022 as part of Cellular Goods’ nationwide marketing campaign.

Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America, said that Murat Erden, the new Chief Financial Officer, bought 425,000 shares at 34.682p.

Lift (LFT) announced the appointment of Optiva Securities Limited as Aquis Stock Exchange Corporate Adviser to the company with immediate effect. The company also said that it is changing its accounting reference date from 31 May to 30 June. Consequently, the first results of the company following admission will be for the period ended 30 June 2022.

Hemogenyx Pharmaceuticals (HEMO) announced that it has opened its new custom-engineered laboratory at the Mink Building in West Harlem’s Manhattanville Factory District of New York City, adjacent to Columbia University and City College. The company said it was “thrilled” to have moved into its customised and innovative lab space. Additionally, Janus was able to provide it with the future flexibility that is critical for it to continue to grow further.

KEFI (KEFI), the gold exploration and development company, provided its latest quarterly operational update. The company said work is gathering pace on many fronts. It is firmly on track to achieve the following milestones in Q4 2022: in Ethiopia for financial close and the launch of construction of its Tulu Kapi Gold Project and in Saudi Arabia our larger Hawiah Copper-Gold Project to deliver its PFS.

Itaconix (ITX), a plant-based specialty polymers group, provided a trading update for the half year to 30 June 2022. The company produced record unaudited revenues of $3.0 million for the first six months of the year. These revenues reflect 124% growth over the first half of 2021 and 149% growth from the second half of 2021. In addition, they are 118% of the full year revenues for 2021 and 93% of the full year revenues for 2020. The company said it is in a strong position to meet market expectations for revenues in 2022.

Mode Global Holdings (MODE), the LSE-listed fintech group announced the completion of its recent fundraising for aggregate gross proceeds of £1,900,000. Subsequent to publication of the 2021 Annual Results, certain directors of Mode also agreed to subscribe for Loan Notes for an aggregate sum of £65,000, which, taken together with one delayed subscription, will result in total gross proceeds of £2,000,000.

Jubilee Metals Group (JLP), a metals processing group with operations in Africa announced an update at its Zambian operations where the integration of the Sable Copper and Cobalt refinery with the newly constructed copper concentrator, Project Roan, continues as part of Jubilee’s Southern Refining Strategy. The company said reaching the significant milestones announced today put it in great stead for the financial year ahead, and beyond. It is testament to all the hard work by the Jubilee team that over the past 12 months have delivered on a bold implementation plan across both the PGM and chrome operations in South Africa and the copper and cobalt operations in Zambia.

Sound Energy (SOU), the transition energy company, updated on Sound Energy Morocco East Ltd’s challenge to the remaining charges against it relating to the Moroccan Tax Administration’s assessment of the signing in October 2018 of an agreement for exploration at Greater Tendrara. The tribunal judge rejected SEME’s demand for the annulment of the prior decision of the commission in respect of the Remaining SEME Charges. The company said it was surprised and disappointed with the latest ruling. It will appeal to the Moroccan higher courts and reflect on the ruling with the various Moroccan ministries given its impact for new entrants into Morocco.

Ironveld (IRON), the AIM quoted mining development company, announced a proposed fundraising of up to £5.0 million. The company said the Placing has been supported by a range of new and existing institutional investors, family offices and other investors, and was conducted by TPI acting as sole broker for the company.

Author @ZaksTradersCafe

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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