The good start to life on the stock market this week, buoyed by the bump in cryptos has been backed by director buying.
Tap Global (TAP), the fully integrated provider of fiat banking and crypto settlement, announced that on 11 January 2023, David Carr, CEO, purchased 190,000 share at 4.1p. He now has 4.89% of the issued share capital. Anthony Quirke, CFO has purchased 135,135 shares at a price of 4.4p per share.
The extremely regular flow of contract wins continues to be a highlight at hVIVO (HVO) (formerly Open Orphan plc). The specialist contract research organisation, announced that its consultancy services division, Venn Life Sciences, has signed a contract with a major global pharmaceutical client worth €3.2m over two years. The contract commences this month.
Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into carbon-free fuels, announced that it has signed a MOU with Romgos Gwiazdowscy sp. z o.o. under which the parties have agreed to work together to deploy HUI facilities in Poland and Europe. Romgos Grupa has extensive experience and expertise in the development and construction of energy and industrial resources infrastructure.
Avacta Group (AVCT), a life sciences company, announced that AVA6000 continues to show a very favourable safety profile in the fourth dose cohort of the ALS-6000-101 dose escalation phase 1 clinical trial. Additionally, analysis of tumour biopsies obtained from six patients across several cohorts indicates that doxorubicin is being released within the tumour tissue confirming the tumour targeting potential of the pre|CISIONTM technology.
Mobile Streams (MOS), the AIM quoted mobile content and data intelligence company, announced it has sold out its launch of Gaby López “Gaby Pass” hospitality NFTs pursuant to its agreement with Gaby López announced on 14 November 2022.The initial passes were sold for the Tournament of Champions event Gaby will be playing in this week.
Great Western Mining Corporation (GWMO), which is exploring and developing gold, silver and copper targets in Mineral County, Nevada, announced the successful completion of an oversubscribed placing to raise gross proceeds (before expenses) of £800,000 at a price of 0.08p.
Gunsynd (GUN) announced that it has partially disposed of holdings in some of its investee companies being Charger Metals NL; Pacific Nickel Mines Ltd and First Tin Plc (1SN).
nanosynth group (NNN), the AIM quoted company specialising in the synthesis and application of nanoparticles to create new and improve existing products, unveiled a corporate and commercial update. The company said its current transition and development mean newsflow opportunities will be limited until it has established the Group as the go-to provider in its various chosen markets.
United Oil & Gas (UOG), the full-cycle oil and gas company, announced that it has entered into a binding Asset Purchase Agreement with Quattro Energy Limited to sell UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e for a maximum consideration including contingent bonus payments of up to £5.7 million (c.US$6.95 million).
First Class Metals (FCM) the UK metals exploration company, announced an operational update for the Enable Project, west of Marathon, Ontario. First Class Metals is now in receipt of the first assay results from the 2022 field campaign and accordingly provides an operational update initially for Enable, which includes the announcement of a new gold showing now defined on the property.
Egdon Resources (EDR) the UK Energy company, provided a business update ahead of its AGM. The company said its revenue continues to be strong with unaudited revenue for the five-month period from August to December 2022 of £3.08 million (2021: £2.07 million). Progress is being made across Egdon’s entire portfolio of assets, including at Wressle, with cumulative oil production of more than 341,100 barrels to 12 January 2023, with no water.
Union Jack Oil (UJO), a UK focused onshore hydrocarbon company, noted the positive project update published today by Egdon Resources in respect of projects in which the Company holds economic interests. UJO said it continues to generate robust revenues from Wressle which is currently delivering record consistent oil production, and isexpected to be even further enhanced when the microturbines are fully commissioned and operational. It also expects a material uplift in production as the Penistone Flags development and gas to wire operations unfold.
Orosur Mining (OMI), provided an update to progress at the Company’s flagship Anzá Project in Colombia. The company said MMA will be advancing to Phase 2 of the Project and that the $2 million will be paid soon. Both actions support the company’s continued belief in the strength and potential of the Project.
Kanabo Group (KNB), announce the launch of two new medical cannabis extract formulas for inhalation, designed specifically to fill a gap in the market for premium products for patients with severe pain.
N4 Pharma (N4P), the specialist pharmaceutical company, provided an update on its ongoing Australian Research Council grant work with the University of Queensland, investigating the oral delivery of Nuvec® loaded with DNA. The company said these studies are at an early stage in the development of an oral application, but show the versatility of Nuvec both in terms of its ease of formulation and application in a wide number of areas.
Active Energy (AEG), the international biomass based renewable energy business, provided an update on its commercial activities during H2 2022 and the Company’s ongoing strategy and goals for 2023. The company said 2022 was an extremely productive year for Active Energy. Through PDI, the program to build CoalSwitch production has made important progress. The production processes have been finalised to enable scaled production at the Ashland CoalSwitch® Facility in greater volumes than originally anticipated and AEG’s goal is now to commence fuel deliveries during Q2 2023.
Future Metals NL (FME), announced it has entered into a Farm-in and Joint Venture Agreement with Octava Minerals Limited’s on its wholly owned Panton North and Copernicus North Ni-Cu-(PGE) projects in the East Kimberley region of Western Australia. The company said this joint venture farm-in arrangement significantly increases Future Metals’ exploration position in the East Kimberley thereby providing further scope, to explore what is highly prospective ground.
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