i3 Energy (I3E), an independent oil and gas company with assets and operations in the UK and Canada, announced its monthly dividend totalling £1.6996 million / 0.1425 pence/share. Ex-Dividend 11 Aug 2022, the record date 12 Aug 2022 and payment date 2 Sep 2022.
Oracle Power (ORCP), the international natural resources project developer, has received a letter from the Directorate of Alternative Energy of the Government of Sindh confirming that it will issue a Letter of Intent to Oracle regarding the establishment of a 1,200MW hybrid solar/wind, green hydrogen/power project in Pakistan, being advanced by the company’s joint venture company, Oracle Energy, subject to the provision of a $600,000 performance guarantee by Oracle Energy. ORCP said this is a defining moment for Oracle and its joint venture company. It has the potential to transform the landscape of the energy industry in Pakistan. The setting up of a 400 MW green hydrogen production facility powered by a 1200 MW hybrid power plant will able to produce up to 55,000 tonnes of green hydrogen pa at full capacity.
Wishbone Gold (WSBN), announced that it has secured a second drill rig for the company’s Red Setter Gold-Copper Project in the Patersons Range area in Western Australia. The company said it was pleased that its Australian management team have managed to secure a second rig for Red Setter for next week. DDH1 Drilling know the ground conditions well in the Patersons following extensive experience at Havieron, from the early days.
Creo Medical Group (CREO), a medical device company, announced a trading update for H1 2022 and confirms that it expects to publish its unaudited interim results for the six months ended 30 June 2022 in September 2022. The company said during H1 2022, it has seen new indications being treated with its technology, a collaboration with a robotics giant and a truly global take up of its Advanced Energy technology resulting in an increase in revenues versus each half in 2021.
Zinc Media Group (ZIN), a television, brand and audio production group, announced that it has conditionally agreed to acquire the entire issued and to be issued share capital of The Edge Picture Co Limited, for an initial consideration of £2.1 million.
Omega (ODX), the specialist medical diagnostics company, confirmed it has completed the disposal of its loss-making CD4 business to Accubio Limited for an aggregate cash consideration of up to £6.1m, before costs. Accubio acquired the Company’s Alva manufacturing site on 7 March 2022 and has been providing manufacturing services to Omega for its CD4 business since that date.
Advanced Oncotherapy (AVO), the developer of a proton therapy system for cancer treatment, announced an equity fundraise of £550,691 before expenses at 25p. The company said the subscription has been undertaken to accommodate demand from investors who were unable to participate in the c.£6 million fundraise announced on 28 June 2022. One can only struggle to imagine what it would have been like to miss out on the June raise.
Shanta Gold (SHG), the East Africa-focused gold producer, provided an exploration update for the West Kenya Project in Kenya. The company said the latest phase of drilling at West Kenya has continued to deliver consistently high-grade results that are indicative of the vast potential West Kenya offers in the Shanta Gold growth story.
Sabien Technology Group (SNT), the company focused on a green aggregation strategy, announced that it has conditionally raised £500,000 through a placing at 10p. The Placing has been arranged by the good people of Peterhouse Capital, the company’s broker.
Technology Minerals (TM1), the battery metals group, announced that Recyclus Group, a 49% Technology Minerals-owned company, has been granted a UN-standard safety certification for its industry-leading battery boxes. The battery boxes, under the brand name Halo, provide a secure solution to the challenges of safely storing and transporting Li-ion batteries, as well as a mechanism for Recyclus’ strategy for UK-wide collections of Li-ion batteries and other dangerous goods.
Chill Brands Group (CHLL), the international consumer packaged goods company, provided an update regarding the status of its synthetic nicotine products. The company said that while synthetic nicotine initially presented itself as a promising growth category, recent developments have made it increasingly difficult and costly for challenger brands to remain on the market. With further regulatory changes expected, it has taken the difficult decision to call time on our TFN product range.
Osirium Technologies (OSI), a vendor of cloud-based cybersecurity and IT automation software, announced that it has agreed on a three-year Privileged Access Management licence extension with an existing customer, a leading global asset manager, with a total value of c. £0.5 million. This extension represents c. 30% of the total bookings achieved by the Group in 2021. The Customer, who has been using Osirium’s PAM solution for six years, has committed to use PAM to protect 4,500 devices for another three years.
First Tin (1SN), a tin development company, announced that it has commenced the Definitive Feasibility Study at the Taronga tin deposit in Australia. The DFS is being delivered by a consortium of Australian companies led by Mincore Pty Ltd.
KEFI (KEFI), the gold and copper exploration and development company, announced positive licencing progress on the Jibal Qutman project, plus the award of two further exploration licences through the Company’s Gold and Minerals Limited joint venture in Saudi Arabia. G&M is owned 30% by KEFI and 70% by its partner Abdul Rahman Saad Al Rashid and Sons Ltd.
Orcadian Energy (ORCA), the low-emissions North Sea oil and gas development company, iannounced that it has now executed a formal agreement with Carrick Resources Limited in respect of a sub-area of Licence P2320 which covers the Carra prospect.
Kavango Resources (KAV) provided an update on drill targeting at its Kalahari Copper Belt (KCB) licence PL036/2020. The company said through an intensive soil sampling program across its KCB licences, it has sought to achieve enhanced target resolution ahead of drilling. Not only has it achieved this, but through the close spacing of samples it has also identified a previously unidentified and prospective structure, which is now being followed up.
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