Poolbeg Pharma (POLB), a clinical stage infectious disease pharmaceutical company, announced the results of the proposal from a number of New Investors to purchase shares from distribution in specie shareholders ahead of the end of the lock-up period.
The company said that the vast majority, representing 97% of distribution in specie shareholders, have decided to remain invested in Poolbeg following the end of the lock-up period. Overall, the proposals have demonstrated strong shareholder confidence in the Company as it enters the “exciting” clinical phase of its development.
Empyrean Energy (EME), the oil and gas development company, updated on drilling at the Jade prospect at its 100% owned Block 29/11 permit, offshore China. The LH 17-2-1 well at the Jade prospect reached a final total depth of 2849 metres Measured Depth in Pre-Tertiary granitic formation The interpretation from logging while drilling (LWD) and mud logging equipment has indicated no oil pay in the target reservoir.
OKYO Pharma (OKYO), a biotechnology company, announced that two presentations will be given on OKYO drug candidates OK-101 and OK-201 at the Association for Research and Vision in Ophthalmology (ARVO) Annual Meeting, to be held on May 1-4, 2022 in Denver, CO and virtually on May 11-12, 2022.
Caerus (CMRS) and Bezant (BZT), the exploration and resource development companies, delivered a further Joint Venture update on work planned and underway, historical exploration at the Anglisides project, Troulli expansion programme and update on metallurgical test work. Colin Bird, Chairman Bezant said he is “very pleased” with the continued fast pace of progress in this exploration phase of the joint venture on many fronts. The Anglisides Project being only a short distance from the Troulli Project is a potentially very attractive feeder project for processing at Troulli and he is looking forward to these pending drill results plus further results from the other drill programmes identified.
Alkemy Capital (ALK) announced the completion of a Feasibility Study for a world class lithium hydroxide processing facility at the Wilton International Chemical Park located in the Teesside Freeport, UK. The facility will process feedstock imported from various sources to produce 96,000 tonnes of a premium, low-carbon lithium hydroxide annually, representing around 15% of Europe’s projected demand.
Bidstack Group (BIDS), the in-game brand activation platform, announced its final results for the full year ended 31 December 2021. Revenue was up 53% at £2.6m (FY20: £1.7m); Cash balance at 31 December 2021 up 202% at £7.1m (31 December 2019: £2.3m) – in line with market expectations;
Yellow Cake (YCA), a specialist company operating in the uranium sector, reported its performance for the quarter ended 31 March 2022. Estimated net asset value as at 31 March 2022 was of £4.42 per share or $1,069.0 million, comprising 15.83 million lb of U3O8 valued at a spot price of $57.90/lb2 and cash and other current assets and liabilities of $152.3 million. There was an increase in value of U3O8 held by Yellow Cake by 38% over the Quarter from $665.0 million3 as at 31 December 2021 to $916.7 million as at 31 March 2022.
Tern (TERN), the company focused on the Internet of Things, delivered its AGM statement. The company said the last two years have been pivotal for all of Tern’s network of companies and it believes that all of them are now “extremely well positioned” for the future.
Angus Energy (ANGS) updated on progress on its installation and commissioning schedule. It said delivery and installation dates remain substantially unchanged with the bulk of the last skids arriving shortly after the bank holiday weekend, although it is possible that the Joule Thomson skid could be delayed to the following week as a consequence of a potential delay in the delivery of an accessory.
Challenger Energy (CEG), the Caribbean and Atlantic-margin focused oil and gas company, updated on its Trinidad and Tobago business unit’s operating results for Q1 2022. The company said that during the first quarter of 2022 its Trinidad and Tobago operations generated a cash operating surplus, based on production that averaged around 360 bopd, and realised oil prices across the quarter averaging approximately $83 per barrel.
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