Poolbeg Pharma (POLB), a clinical stage infectious disease pharmaceutical company, announced that, further to its announcement in March 2022, the construction of the computational artificial intelligence (AI) influenza disease model has been completed by CytoReason Limited, indicating that it is on track to deliver outputs in Q2 2023.
The model aims to unlock clinically meaningful insights into influenza infection and recovery through the analysis of Poolbeg’s unique human challenge trial data.
In a move that could save as much as €5m as compared to its previously announced Trifols investment / Tipperary site move, Hydrogen Utopia International (HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, announced that it has entered into an agreement in relation to the proposed lease of a 2.5 acre greenfield site in the 78-acre Logeco Logistics & Energy Park at Fisherstown in County Longford, Ireland. The company said it now anticipates this will lead to its first operational full scale waste plastic to hydrogen facility in Europe. Longford is a county in the Irish Midlands and is anticipated to be one of the prime beneficiaries of the EU Just Transition Fund in Ireland.
Arrow Exploration (AXL) announced the filing of its unaudited interim Financial Statements for the quarter ended September 30, 2022. The company said that Third Quarter has been the best quarter in its history generating record cashflow from operations and a threefold increase in production from the date of the AIM Admission. EBITDA of $4,664,345 compared to $966,234 in Q3 2021. Average corporate production of 1,503 boe/d compared to Q3 2021 575 boe/d and Q2 2022 980 boe/d.
Atlantic Lithium (ALL), the funded African-focussed lithium exploration and development company, announced assay results from the resource and exploration drilling programme now completed at the Ewoyaa Lithium Project in Ghana, West Africa. The company noted multiple high-grade exploration drill intersections outside of the current MRE reported at the Ewoyaa North-East, Kaampakrom West and Ewoyaa Main deposits. A highest grade of 6.78% Li2O was reported.
Amaroq Minerals (AMRQ), an independent mine development company, announced its Q3 financials and present its exploration and development objectives for 2023. The company said it is now the most active private investor in Greenland, and continues to make excellent strategic progress in the region. It is now focused on advancing its cornerstone Nalunaq project to the next phase of development, with an initial bulk sample expected in 2023.
NetScientific (NSCI), the active international holding company, announced that it has joined an investment round led by its subsidiary EMV Capital Ltd, together with Scottish Enterprise, Kelvin Capital Limited, and The Future Fund, in Edinburgh based Sofant Technologies Ltd. The final close took the total joint investment round to £4.2m.
Thor Mining (THR) announced a capital raise of A$2.65m to fund exploration activities at the Company’s project interests, with particular emphasis on the uranium exploration licences in Colorado and Utah in the United States. Following this placement, including existing cash and listed investments, the Company’s total liquidity position is now circa A$4.0m.
Energous Corporation (WATT), a developer of RF-based charging for wireless power networks, and CAP-XX Limited (CPX) – a manufacturer of supercapacitors – announced a partnership to develop solutions that combine Energous’ WattUp technology with CAP-XX’s high-performance supercapacitors. The companies are partnering to pave the way for battery free IoT devices powered by Energous’s wireless power technology and CAP-XX’s long life supercapacitors.
Cooks Coffee Company (COOK), the international coffee focused café chain which is new to Aquis, announced its interim results for the six months ended 30 September 2022. Revenue from operational trading increased by 37% to $1.93m versus H1 FY22 $1.41m. Profit from continuing operations increased by 14% to $146,00 versus H1 FY22 $128,000.
PYX Resources Ltd (PYX) announce that, following the company’s announcement on 3 October 2022, PYX has made its first drawdown on the £20 million capital commitment investment from GEM Global Yield LLC SCS. As previously announced, GGY intends to provide long term support to PYX in accordance with the Capital Commitment Facility.
While we all wait for the $737m damages to flow in, GreenX Metals Limited (GRX) reported the conclusion of the hearing for the international arbitration claims against the Republic of Poland under both the Energy Charter Treaty (ECT) and the Australia-Poland Bilateral Investment Treaty (BIT) (together the Treaties). The hearing took place in London and lasted two weeks.
Ariana Resources (AAU), the AIM-listed mineral exploration and development company, announced an update to its JORC Resource Estimate for the Tavsan Mine. The mine is currently in construction and being operated by Zenit Madencilik San. ve Tic. A.S. in partnership with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana. Global Resource increased by 22% over the previous Mineral Resource Estimate.
Karelian Diamond Resources (KDR) reported its audited accounts for the year to 31 May 2022. The profit after taxation from continuing operations for the financial year ended 31 May 2022 was €13,593 (31 May 2021: loss of €422,192) and the net assets of the company at 31 May 2022 were €9,480,803 (31 May 2021: €9,495,866). The company said the profit was also generated as a result of the movement in fair value of warrants totalling €389,904.
Jersey Oil & Gas (JOG), an independent upstream oil and gas company, announced that the North Sea Transition Authority has approved an extension to the Second Term of its P2170 “Verbier” Licence. The company said this licence is now aligned with JOG’s P2498 “Buchan” Licence with the current phase expiring end of August 2023, in keeping with its stated strategy of developing the Greater Buchan Area as an area-wide development plan.
Eco (Atlantic) Oil & Gas Ltd. (ECO), the oil and gas exploration company, announced its results for the six months ended 30 September 2022 and to provide a corporate and operational update. The Company had cash and cash equivalents of $24.6 million and no debt (after paying $11.3 million, being Eco’s cash share of the Block 2B well) as of September 30, 2022. It had total assets of $67.3 million, total liabilities of $5.7 million and total equity of $61.6 million.
It looks as though Orcadian (ORCA) has hit the big league. The company said it has entered into a binding MoU with SLB (formerly Schlumberger) to deliver core services for the wells on the Company’s Pilot project. ORCA said SLB made a compelling commercial and technical proposal with a strong focus on decarbonisation. The parties now plan to develop a comprehensive Project Agreement for provision of the services.
Oriole Resources (ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to provide an update for its 90%-owned exploration projects in Cameroon. The company said the work underway to upgrade the Bibemi JORC Exploration Target into a JORC Resource is a very significant step for Oriole and for the developing exploration sector in Cameroon. This discovery and transformation of an exploration asset into a maiden JORC MRE will be the first internationally-accredited Mineral Resource for orogenic gold targets in Cameroon.
Sound Energy (SOU), the energy transition company, provided a progress update on its Phase 1 micro LNG development. The company said it is working closely with the Contractor to ensure the project remains on track to meet the joint venture’s delivery obligations to Afriquia Gaz under the LNG sale and purchase agreement.
Caracal Gold (GCAT), the East African gold producer, announced that it has secured conditional non-dilutive financing of $10.5m through a pre-paid gold purchase agreement. Kilimapesa Gold Pty Ltd, the 100% owned Kenyan operating subsidiary of Caracal, has entered into a pre-paid gold purchase agreement with a contract price totalling up to $10.5m with OCIM Metals & Mining SA.
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