We shall find out what’s in a name as Open Orphan (ORPH), a specialist contract research organisation announced that further to its announcement on 8 September 2022, the company’s change of name to hVIVO (HVO) has now been completed and is expected to take effect on AIM and Euronext Growth from 8.00 am tomorrow.
DeepVerge (DVRG), the life sciences group, announced an update on the Proposed Financing and details of proposed changes to the board, and to the roles undertaken by existing directors. The company said it has doubled turnover every year from £0.27m in 2018 to £9.3m in 2021 with a forecast of £18m this year. Gerard Brandon will step down as Chief Executive remaining on the board as Executive Director.
Altona (ANR), a rare earths mining company, provided an update of its activities on the Monte Muambe Rare Earths Mining Project for the 3rd Quarter, 2022. The company said that within only a year, Altona has been able to rapidly and efficiently put itself, and the Monte Muambe project, on the map of possible future REE producers in Africa.
Ithaca Energy said it intends to apply for admission of its Ordinary Shares to the premium listing segment of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange.
Bushveld Minerals (BMN), the vanadium producer and energy storage solutions provider, provided an operational update for the three months and nine months ending 30 September 2022. The company said it was pleased to report a solid production update for the quarter to end-September, reflecting continued stability at Vametco and further ramp-up at Vanchem’s Kiln 3. Despite ongoing power supply issues, the ramp-up at Kiln 3 has seen monthly production more than double from July’s production.
Jubilee Metals Group (JLP), a metals processing group, announced its audited results for the year ended 30 June 2022. The company said it has built a very strong track record in South Africa and has started rapidly expanding in both South Africa and now Zambia. This has indeed been a transformative year for Jubilee and a strong growth platform has been created, with exciting projects in both countries to pursue.
Empire Metals (EEE), the AIM-quoted resource exploration and development company, announced the results of an expert review on the Pitfield Copper Project, located in Western Australia. The company said results from the review which evaluated recent geophysical surveys and the historical exploration database at Pitfield, confirmed that Pitfield has all the hallmarks of a “Giant” copper mineralised system.
Sunrise Resources (SRES) advised that Tolsa USA Inc. has received approval from the US Bureau of Land Management for its proposed trenching programme at the company’s Pioche Sepiolite Project in Nevada, USA and that Tolsa will start work this week.
On the Beach Group (OTB), provided an update on trading for the 12 months to 30 September 2022. The company said that in H2 FY22, Group Sales were 25% ahead of H2 FY19, despite the indirect consequences of the war in Ukraine and ongoing disruption across the travel supply chain.
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