2023 already looks like it will be the year for life sciences companies. Poolbeg Pharma (POLB), a biopharmaceutical company, announced the strategic expansion of POLB 001 into oncology.
While investigating the role of cytokine release syndrome in severe influenza, Poolbeg discovered data specific to the overt immune response in CAR T cell patients that suggest POLB 001 as a potential treatment option for this severe complication. The company has submitted a patent application for the use of POLB 001 in addressing the impact of CRS in CAR T cell patients.
Tertiary Minerals (TYM) announce that its local partner and licence holder Mwashia Resources Ltd has now received approval of the Environmental Project Brief from the Zambian Environmental Management Agency for its Mushima North Copper Projects where the company is earning up to a 90% interest.
Aterian (ATN), the critical and strategic metal-focused exploration and development company, announces an update on its 100% owned Agdz copper and silver project in Morocco. The company said it has undertaken a review of an induced polarisation gradient array and high-resolution IP geophysical survey. The survey was completed on the northern part of the Project in preparation for scout drilling to be executed on the Project. The review has indicated several high-priority anomalies and increased the target area due for further exploration.
Intelligent Ultrasound Group (IUG), the ‘classroom to clinic’ ultrasound company, said it continued to make significant progress across the business and announces that Group revenue for the year to 31 December 2022 is expected to have increased by 33% to £10.1m (2021: £7.6m).
Clontarf Energy (CLON) has raised £1,300,000 before expenses via placing at a price of 0.065p per Placing Share. The company said the net proceeds of the Placing will be used to advance Clontarf’s lithium projects in Bolivia, and petroleum projects in Ghana, Australia, and elsewhere.
Power Metal Resources (POW) the London listed exploration, which is partial to releasing the odd RNS, announced it has completed a placing and subscription to raise £900,000 before expenses. The company said it continues to drive its exploration portfolio, with drilling underway currently and with additional programmes now to be launched in the near term at the Tati gold project in Botswana and expedited exploration at the Athabasca Uranium portfolio in Saskatchewan, Canada.
Hydrogen Future Industries (HFI), a developer of proprietary wind-based green hydrogen production systems, announce an investment in Tower Green Holdings Limited, a developer of hydrogen production and distribution facilities which is establishing multipurpose hydrogen hubs in the southwest of England to provide energy storage and hydrogen as a fuel. Under the agreement, HFI’s System will be implemented as Tower’s preferred green hydrogen production technology. HFI has made an initial investment of £100,000 in Tower for a 20% equity stake.
Mosman Oil and Gas (MSMN) the oil exploration, development, and production company, confirmed that the pipeline connecting the recently drilled Cinnabar-1 well to the existing production facility in Texas has been completed. Mosman owns a c.75% working interest in the well and the 350-acre lease. Mosman Operating LLC, a 100% owned subsidiary of Mosman, is the Operator of the lease.
Celadon Pharmaceuticals (CEL), a UK-based pharmaceutical company, announced that its Midlands UK facility has now been registered by the MHRA for the Good Manufacturing Practice manufacturing of its cannabis Active Pharmaceutical Ingredient (API). The company said that with the receipt of GMP registration, Celadon has joined a very select group of cannabis-focused pharmaceutical companies globally.
Bradda Head Lithium (BHL), the North America-focused lithium development group, announced an updated MRE at its Basin East Project in Arizona, resulting in a 22% increase in contained lithium carbonate equivalent tonnes based on only 1,200m of drilling. Furthermore, the Indicated category of the MRE, which is all located in the upper part of the deposit, has increased by 17%.
Invinity Energy Systems (IES), a manufacturer of utility-grade energy storage, announced that it has signed a non-binding MoU with Dawsongroup Power Solutions Limited, part of Dawsongroup plc, with the intention of appointing Dawsongroup as Invinity’s exclusive partner for the UK equipment rental market. Dawsongroup also purchased a 0.22 MWh Invinity VS3 battery which will be installed at the company’s headquarters in Milton Keynes, UK later this year.
Blencowe Resources (BRES) announced it has air-freighted 20kgs of concentrate from its Orom-Cross Graphite Project to WUT in China, to commence final stage metallurgical testing. The company said studies on this 20kgs concentrate, which was recently processed through the IMO test facility in Perth, will further define the characteristics of the Orom-Cross graphite product and is expected to ultimately lead to identifying offtake parties and thereafter signing binding offtake agreements for the sale of graphite concentrate.
Coro Energy (CORO), the South East Asian energy company, provided an update in relation to fourth quarter revenues from its Italian natural gas portfolio and in relation to the Company’s South East Asian renewables portfolio. The company said production from the Italian portfolio continued in line with expectations during Q4 2022, following record quarterly revenues in the preceding quarter, with a total of 1.37 million Scm of natural gas produced during Q4 2022.
Block Energy (BLOE), the exploration and production company focused on Georgia, announced its operations update for the three months ended 31 December 2022. The company said Block made significant progress in the fourth quarter. In addition to another quarter of solid revenue generation, the company was able to drive Projects I and II forward, while also creating exposure to material exploration upside at no cost, through the farmout.
Totally (TLY), a provider of frontline healthcare services, announced it has been awarded a new contract by NHS England to provide national NHS 111 contingency services. The contract, awarded to Vocare Limited, part of Totally’s Urgent Care division, will run from 1 March 2023 at a value of c. £10 million per annum, initially for one year with the option to extend for a further year.
Bluejay Mining (JAY), the exploration and development company with projects in Greenland and Finland, announced that the first exploration programme of 2023 has commenced at the Enonkoski nickel-copper-cobalt Project in eastern Finland as part of the JV and earn-in agreement with Rio Tinto Exploration Finland Oy announced 10 November 2020.
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