After being suspended pending its deal making since last year, San Leon (SLE), the independent oil and gas production, development and exploration company focused on Nigeria, announced that the suspension is lifted from 7.30am this morning. An admission document has been published.
There may be a trigger for a turnaround in Tirupati Graphite (TGR) shares as it updated on the proposed acquisition of Tirupati Speciality Graphite Private Limited. Tirupati said it remains committed to the development of a downstream and advanced materials business. Ideally, this would be through the completion of the acquisition of TSG, but in recognition of the outstanding regulatory hurdles and uncertain timeline to completion, the Board has taken the pragmatic approach of exploring other routes to achieve its ultimate objective while continuing to push forward with the previous arrangement.
Newly cashed up Bidstack Group (BIDS), the in-game brand activation platform, announced a new commercial partnership for its Bidstack Technologies division. The company said that the commercial partnership is its first tangible step in the diversification of the Group’s revenue. This is the first technology white-labelling deal which also provides the Group with direct exposure to the growing Asia-Pacific market, which represents half of the video gamers worldwide.
It would appear that the day its shareholders can wake up and smell the syngas draws ever closer. Hydrogen Utopia International (HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, said that Electron Technologies BV, the designer of HUI’s thermal processing system for the conversion of waste plastic into synthesis gas, has now completed the first design phase of the system. Subject to evaluation of the results of the imminent low temperature reactor tests, the system documentation will now undergo a full design review before moving into the detailed design and manufacture stage.
EQTEC (EQT), a company providing solutions for hydrogen, biofuels, SNG and other energy production, said that Deeside WTV Limited, a wholly owned subsidiary of EQTEC has appointed Black & Veatch (U.K.) Limited to undertake the powertrain front-end engineering design for Phase 2 of the Company’s project at Deeside, Flintshire, UK. The company said completion of this next piece of work, together with the considerable design work already completed on the other elements of the project will put it in a strong position for financial close.
Lifesafe Holdings (LIFS), a fire safety technology business, that listed on AIM last week, announced that Miton UK MicroCap Trust are in on the shareholder register at 4.5%. Mark Horrocks and family already have 6.03%.
Cornish Metals (CUSN), a dual-listed company focused on advancing its high-grade South Crofty underground tin project in Cornwall, said that it has commenced a minimum 8,000 metre drill programme at South Crofty. The programme is designed to collect samples for metallurgical testwork as part of the Feasibility Study.
Omega (ODX), the specialist medical diagnostics company, announced that it has received payment from Abingdon Health plc in relation to the manufacture and supply of AbC-19™ Rapid tests, a COVID-19 lateral flow antibody test. No doubt ODX shareholders will find out how much this payment was in due course.
Braveheart (BRH) was notified on 8 July 2022 that Trevor Brown (one of the more successful investors in small caps) of Braveheart has purchased 75,000 shares at 0.11p. Trevor Brown now holds 9.45%.
Cornerstone FS (CSFS), the cloud-based provider of payment services to SMEs whose shares have been somewhat on the back foot of late, provided an unaudited update on trading for the six months ended 30 June 2022. The group said it expects to report total unaudited revenue for H1 2022 of approximately £1.9m, representing growth of 129% over the first half of 2021. It remains on track for delivering substantial revenue growth for the full year, in line with market expectations.
Thor Mining (THR) announced the completion of the drilling program at its 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia. The company said the surface gold anomalism generally strikes slightly oblique to the Euro Basalt and Dalton Suite contact suggesting that gold mineralisation is controlled by faults and structures that splay off this major structure.
Cellular Goods (CBX), a UK-based wellness company, announced the launch of mini-size formats for two products, the Rejuvenating Cannabinoid Face Serum and the Calming Cannabinoid After Shaving Moisturiser, in its ‘Look Better’ (skincare) range. Presumably, ageing shavers everywhere will be making a bee-line for this product.
Lexington Gold (LEX), the gold exploration and development company, with projects in North and South Carolina, USA, announced the receipt of the results for 1m re-splits taken from the reverse circulation drill hole 4m composite samples across its combined Loflin and Loflin South Project. All composites which returned a gold grade of more than 200ppb Au were then subsequently re-sampled in the field and assayed on a 1m basis.
Block Energy (BLOE), the exploration and production company focused on Georgia, announced the following operations update for the three months ended 30 June 2022. The company said Block had a solid quarter, with stable production and positive operational cash flow. It has developed a balanced portfolio-wide strategy to unlock the inherent value across our assets, which it believes makes for a “compelling” investment case.
Artemis Resources (ARV) provided an update on activities at the Crosscut Zone at its 100%-owned Greater Carlow Project, located in the Pilbara Region of Western Australia. The company said the aim of this program was to continue to test and follow trends of mineralisation and test the structural model at Crosscut. The assays that have returned to date support its geological observations, and it believes that the exploration team has delivered what could be a “game changing” result for the future of the Greater Carlow Project.
Kistos (KIST), the low carbon intensity gas producer, announced the completion of the acquisition of a 20% interest in the Greater Laggan Area producing gas fields and associated infrastructure alongside various interests in certain other exploration licences, including a 25% interest in the Benriach prospect, from TotalEnergies S.E.
Emmerson (EML), which is developing the Khemisset Potash Project in Morocco, updated on its corporate and operational activities for Q2 2022. The company said it has continued to make good progress towards securing the funding needed to bring the project into construction, with positive dialogues with banks, equity investors and potential strategic partners, in addition to the existing Singapore-based cornerstone investors Global Sustainable Minerals Pte Ltd and Gold Quay Capital Pte Ltd, who committed up to $46.8m in November 2021.
Lumber / carbon credits group Woodbois (WBI) issued a Q2 2022 update. The company said the production teams in Mouila, Gabon have delivered further operational progress during Q2 2022, with veneer output increasing by 50% from H1 2021 and a corresponding increase of 37% achieved in sawn timber. The logistics team continued to deliver despite the challenges of regular ship re-scheduling, exporting almost 100% more containers during Q2 2022 than the quarterly average achieved during 2021.
Mobile Streams (MOS), the AIM quoted mobile content and data intelligence company, announced it has signed two key partners to help expand its portfolio of NFT licences and to grow the revenue opportunities from the recently announced PUMAS transaction. MOS said it has negotiated to pay these agencies in shares rather than cash so that all partners are aligned in value creation for MOS shareholders and to ensure that MOS keeps a strong cash position as recently announced.
Scotgold Resources (SGZ), Scotland’s first commercial gold producer, is pleased to provide Q2 2022 production, sales and operations update for the three months ended 30 June 2022 for its Cononish Gold and Silver Mine in Scotland. The company said this has been its strongest quarter yet, characterised by record gold production which exceeded guidance, record gold sales translating into significant cash generation and continued progress on the ground to meet production and operational targets.
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