Horizonte Minerals (HZM), a nickel company developing two Tier 1 assets in Brazil, announced that it has selected MIP Engenharia & Milplan Engenharia to provide the Electro-Mechanical installation services at Horizonte’s 100%-owned Araguaia Nickel Project.
Horizonte said following a competitive tender process that involved the leading industrial construction companies active in the mining sector, MIP/Milpan was selected as the preferred provider.
Mast Energy Developments (MAST), the operator in the growing Reserve Power market, announced that it has entered into arrangements in respect of the provision of a new loan facility for up to £2.25 million with a total committed advance of £475,000, of which the first £300,000 is to be received by the Company on the date of execution of the loan agreement. The Committed Advance will predominantly be used to fast-track the development of MED’s current projects, most notably the most recent acquisitions, Hindlip Lane and Stather Road.
PetroTal Corp. (PTAL) announced the successful testing results of well 13H, the Company’s thirteenth producing well. The company said Well 13H was successfully tested at approximately 8,000 barrels of oil per day over its first week of production, placing it in the top horizonal producers drilled by the company, with the November 2, 2022 rate at 7,825 bopd.
Wildcat Petroleum (WCAT), a company focused on the upstream sector of the petroleum industry, announced it has completed a desktop study of the petroleum potential of deep-water blocks offshore Sierra Leone. This was undertaken under an agreement with the Petroleum Directorate of Sierra Leone “PDSL” and has been accepted by the PDSL.
Longboat Energy (LBE), the emerging full-cycle E&P company, announced a gas condensate discovery in the OMV operated Oswig exploration well 30/5-4S and sidetrack 30/5-4A (Company 20%). The Oswig sidetrack (30/5-4A) was drilled to a depth of 4,726 metres TVDSS to conduct a drill stem test in the Upper Tarbert Formation. The average production rate from the DST was approximately 2.1 mmscfd of gas and 280 bpd of condensate (approximately 650 boepd in aggregate) through a 10/64-inch choke.
CAP-XX (CPX), a manufacturer of supercapacitors, has launched its smallest ever 5 millimetre cylindrical supercapacitor to provide high performance at low cost for Internet of Things, medical and other space-constrained and mission-critical electronic devices. This ultra-small CAP-XX GY cylindrical supercapacitor delivers high peak pulse power of 0.5 Farad to devices for only $0.15 when sold in large volumes.
Quantum Exponential Group (QBIT), a company focused on investing in quantum technology, updated from its portfolio company Universal Quantum Limited. QBIT said it is thrilled with the news from Universal Quantum, and critically that another major NATO government, Germany, is recognising the need to invest in quantum technology that will help enable people to solve the biggest challenges humanity is facing. The €67 million contract further validates Universal Quantum’s unique and promising technology.
Kitwave Group (KITW), the delivered wholesale business, announced a pre-close trading update for the year ended 31 October 2022. The company said the strong H1 performance continued for the remainder of the financial year. The Board, therefore, expects the results for the full financial year to be in line with the upgraded market expectations.
Europa Oil & Gas (EOG) plc, the oil and gas company, announced that it has received notification from the Department of the Environment, Climate and Communications that the Minister has given his consent to extend the first phase of FEL 4/19 to 31 January 2024. The Company intends to use the extension to carry out further technical studies and allow more time to secure a partner to advance development of the licence.
Marula Mining (MARU), an African focused mining investment company, updated on current activities at the Kinusi Copper Project, in Tanzania. The company said Kinusi is a high-grade copper project it believes has the potential to be developed into a significant copper project, producing copper concentrate for sale into the international markets.
Cora Gold (CORA), the West African focused gold company, provided an update on a regional exploration programme, carried out across all five of Cora’s Southern Mali permits in the Yanfolila Project Area. The company said it believe the results show that the Southern Mali permits have the potential to host economic mineral resources that could add to Cora’s value in the coming years, providing further growth potential.
Xpediator, (XPD), a provider of freight management services, confirmed that the Group continues to trade well, with revenue for the 9 months ended 30 September 2022 being approximately £300 million (compared with £297 million for the full 12 months ended 31 December 2021). Accordingly, the Group remains on track to meet full year management expectations of adjusted profit before tax of £9.0 million.
Future Metals NL (FME), updated on its ongoing drilling programme and geophysical modelling at its Panton project. The company said visual inspection of initial diamond drill holes, and geophysical modelling confirm, the potential for a large Ni-Cu-PGE system. Shallow drilling in the ‘Lower Zone’ of the Panton Intrusion has intersected magmatic disseminated sulphides. Magnetics and gravity inversion modelling have demonstrated multiple potential basal contact and feeder conduit sulphide targets encasing and underlying the existing 6.9Moz PdEq JORC Mineral Resource estimate.
BrandShield Systems (BRSD), a provider of cybersecurity solutions, announce that the company has continued its strong business momentum across Q3 2022, underpinned by key customer wins across multiple sectors geographies. The company said that by the end of Q3 2022, the Group had increased client numbers to 172, from 153 at the end of H1 2022, deploying its highly automated SaaS operating model to monitor, identify, and eradicate a number of cyberthreats.
Yourgene (YGEN), an international molecular diagnostics group, provided an unaudited trading update for the six months ended 30 September 2022. Core revenues for H1 FY23, i.e. excluding COVID-related activities, were £8.0m (H1 FY22: £7.0m), an increase of 14%.
IQE (IQE), a supplier of compound semiconductor wafer products, announced the signing of a multi-year agreement with Advanced Wireless Semiconductor Company, for the supply of epiwafers for wireless applications.
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