Rockfire Resources (ROCK), the base metal and critical mineral exploration company, announced that it has received high grade results from rock samples taken from historic mullock (waste) dumps and surface outcrops at its 100%-owned Molaoi zinc/silver/lead/germanium deposit in Greece.
The company said inaugural geotechnical drilling is underway at Molaoi and progressing very well. The market will be informed regularly as the drilling programme progresses
Oracle Power (ORCP), a developer of green hydrogen production, announced the acquisition by Oracle Energy of State land by way of a long lease for 30-years with the Government of Sindh, for a land package of 7,000 acres located in the Thatta district, Sindh, south-east Pakistan, where its Green Hydrogen Project will be located. The Company’s partner, His Highness Sheikh Ahmed Dalmook Al Maktoum, is an active investor and developer of a number of power generation projects across the Middle East, Asia and Africa.
Scirocco (SCIR) the AIM investing company, provided an update on the Ruvuma asset, where Scirocco has entered into an agreement to sell its 25% interest to ARA Petroleum Tanzania. The company said as it progressed towards the completion of the divestment of Scirocco’s interest in Ruvuma to APT, the above is a positive step which supports the development of the Ruvuma licence in due course and therefore the payment of the contingent elements associated with that transaction
Serinus Energy (SENX) announced its interim results for the nine months ended 30 September 2022. Revenue for the nine months ended 30 September 2022 was $41.8 million (30 September 2021 – $25.7 million). During the period Moftinu Gas Plant surpassed produced revenues of $87.0 million since first gas in 2019.
Kinovo (KINO), the specialist property services group, announced its unaudited Interim Results for the six months ended 30 September 2022. Revenue increased by 25% to £29.8 million (H1 2021: £23.8 million). Adjusted EBITDA increased 31% to £2.4 million (H1 2021: £1.8 million).
Pensana (PRE) reported that Project Delivery Teams for each of the Saltend and Longonjo projects have moved on-site and have commenced the early construction programmes. The company said it was extremely pleased with the progress at both sites. The early construction management team has continued to grow with the addition of Mark O’Rourke appointed as a construction manager in Saltend.
Advanced Oncotherapy (AVO), the developer of LIGHT, a proton therapy system for cancer treatment, announced findings which suggests LIGHT will offer superiority in the treatment of breast cancer. The company said that these results, coupled with the cost benefits of LIGHT over cyclotron-based proton therapy, build the case for the increased use of proton therapy for breast cancer patients, a large market that has potential to be addressed by LIGHT.
M&A situation Shanta Gold (SHG), the East Africa-focused gold company, provided an exploration update for the West Kenya Project in Kenya, including drilling results from three targets forming part of the Ramula Camp. The company said the drill results confirming its long-held belief that the Project has the potential to become one of Africa’s next quality, high-grade gold mines.
Corcel (CRCL) announced its final audited results for the year ended 30 June 2022. The company said it has recently further broadened its portfolio with the application for the Star Mountains Gold-Copper tenement in PNG and in securing an option on the Mt. Weld rare earth project in Western Australia. These opportunities are potentially large upside projects for Corcel, which only require minimal upfront capital to access.
Celebrating a mention in The Times regarding this medicinal cannabis deal, U.K. SPAC Plc and Hellenic Dynamics S.A. announced that the FCA has approved the prospectus of UK SPAC in connection with the proposed acquisition Hellenic Dynamics and re-admission of the enlarged share capital to the standard listing segment of the Official List and to trading on the London Stock Exchange’s Main Market.
First Tin (ISN), a tin development company, announced that Taronga Mines Pty Ltd, an Australian registered, 100% owned subsidiary of First Tin Plc , has been awarded a grant of up to A$494,038 by the Government of New South Wales in Australia under its Critical Minerals and High-Tech Metals Activation Fund.
RM (RM.), a supplier of technology and resources to the education sector, announced that it has conditionally agreed to sell the RM Integris and RM Finance Business and related assets of its principal trading subsidiary, RM Education Limited, The Key Support Services Limited. Total consideration for the Sale, which will constitute a Class 1 transaction, will be up to £16.0 million in cash.
Superdry (SDRY) said it acknowledged recent press speculation about its previously announced refinancing process and confirms that it is in negotiations with Bantry Bay Capital Limited, the specialist lending provider, to replace the existing up to £70m asset-backed lending facility. There can be no certainty that an agreement will be reached, nor as to the terms of any such agreement and we remain in discussions with other lenders.
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