OKYO Pharma (OKYO), an ophthalmology-focused bio-pharmaceutical company, announced that it has received clearance of its Investigational New Drug (IND) application from the FDA to initiate a Phase 2, first-in-human, clinical study of OK-101 for the treatment of DED. The FDA previously concurred with OKYO’s plans for designating primary and secondary efficacy endpoints covering both a sign and a symptom of DED in the clinical study protocol.
Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announces the proposed sale of its own highwall miner (#20) to Civil LLC for a total cash consideration of $3.6 million. Further to the company’s mining update released on 7 November 2022, where Bens Creek stated it was reviewing its options with regards to its owned highwall miner and it had received offers which were under consideration, the company has now agreed the proposed sale of the highwall miner with Civil LLC.both a sign and a symptom of DED in the clinical study protocol.
Wishbone Gold (WSBN), announced that a Magneto Tellurics survey is underway on the company’s Western Australian properties. As previously reported Wishbone intersected mineralisation in multiple drill holes in the maiden drill program on Red Setter. The company has now engaged Expert Geophysics Pty Ltd, who specialise in such surveys to complete an MT survey over Red Setter and Cottesloe.
i3 Energy (I3E), an independent oil and gas company, said its 2023 capital programme is forecasted to deliver total average production of between 22,250 and 23,000 boepd (natural gas, oil & condensate, natural gas liquids and royalty interest production expected to average approximately 50%, 25, 24% and 1%, respectively), with estimated peak production, achieved in the second half of the year of approximately 26,000 boepd.
IOG (IOG.L), the Net Zero UK gas and infrastructure operator, provided an update on current production, plans for a second Blythe production well and progress at Southwark. The company said operationally, the new leadership is making progress, but still sees room for improvement over coming months. It is proactively engaged in improving not only its own team’s performance but also that of duty holders. Bringing new wells onstream, improving platform reliability and managing liquids flows will enable it to maximise production and cash flow.
Seeing Machines (SEE), the computer vision technology company, said it has been appointed by an existing Tier-1 customer to deliver its FOVIO Driver and Occupant Monitoring System (DMS/OMS) for an additional program with an existing large European-based global automotive group (OEM) customer.
GreenRoc Mining (GROC), a company focused on the development of critical minerals projects in Greenland, announced the full set of drill core assay results from the 2022 Phase Two drilling programme at the Amitsoq Graphite Project in South Greenland. The company said these results confirm the consistently high-grade graphite intersections within the Amitsoq Island Deposit and the presence of significant mineable widths.
AfriTin Mining (ATM), an African technology metals mining company, provided an unaudited quarterly production update for the Uis Mine for the third quarter ending 30 November 2022 of the 2023 Financial Year. The company said it was extremely pleased with the production ramp-up performance of the expanded Uis Mine processing plant as evidenced by the November 2022 production which exceeded the target by 20%.
There were board changes and a strategic review announced by All Active Asset Capital. The company said the existing Board of Directors has therefore concluded that, to give AAA the best chance of maximising value for shareholders, it requires an invigorated new Board with specialist operational experience within the technology sectors of its portfolio. A key part of the new Board’s role will be to conduct a strategic review of AAA’s existing investment portfolio, in particular its stakes in Aaqua and Sentiance.
Tern (TERN), the company focused on Internet of Things, announced that it has agreed with the board of InVMA Limited, trading as Konektio, of which Tern currently owns 36.8% of the equity, and Konektio’s other investors, that Mathew Scherba, a director of Tern, will join the Konektio executive team for an initial two month period, with an option, on the mutual agreement of both parties, to further extend the secondment, to assist with the development of the Konektio business.
Harland & Wolff (HARL), the UK quoted company focused on strategic infrastructure projects, announced the appointment of Liberum Capital Limited as joint broker alongside Cenkos Securities plc, the Company’s nominated adviser and joint broker, with immediate effect.
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