Tirupati Graphite( TGR), the specialist graphite and graphene company announced a technological milestone which will significantly improve performance of the Company’s primary graphite and downstream specialty graphite production processes.
By Zak Mir
Its unique Column Flotation System has been developed for use across the Company’s primary and downstream specialty graphite production plants. Tirupati will be shipping the first commercial scale CFS with a 1.5 MT per hour capacity, for installation and operation at its 9,000 tpa Vatomina graphite production plant in Madagascar.
Open Orphan (ORPH), a rapidly growing specialist contract research organisation, said hVIVO, a subsidiary of Open Orphan, has inoculated the first cohort of volunteers with a GMP-manufactured malaria challenge agent as part of its first controlled human malaria infection (CHMI) challenge study. This study will assess CHMI using existing standard of care antimalarial drugs against Plasmodium malaria. The study, which is taking place at hVIVO’s facilities in London, is expected to complete in Q1 2022 with results in Q2 2022.
African Pioneer (AFP), the exploration and resource development company, said that it and its 80% owned subsidiary African Pioneer Zambia Ltd entered into an option agreement with First Quantum Minerals in relation to 4 of the 5 Zambian exploration licences held by African Pioneer Zambia.
Duke Royalty (DUKE), a provider of alternative capital solutions, announced a follow-on investment of £2.45 million into existing royalty partner InTec Business Solutions Limited to fund its two latest acquisitions. InTec is an investment holding company created to execute a buy and build strategy of synergistic companies within the I.T. Managed Services sector in the United Kingdom and Ireland.
Pharos Energy (PHAR), an independent oil and gas exploration and production company, said that the Third Amendment to the El Fayum Concession Agreement has been signed by the Minister of Petroleum & Mineral Resources in Egypt, EGPC and the Company on 19 January 2022. The agreement has become effective upon signature, with retroactive application of the improved fiscal terms as from November 2020.
GreenX Metals (GRX) reported the findings from ongoing geological analysis at the Arctic Rift Copper Project. The latest analysis identifies new “walk-up” native copper and copper sulphide targets for the upcoming field program. GreenX, in collaboration with its joint venture (JV) partner Greenfields Exploration Ltd has advanced its understanding of ARC in northern Greenland. A recent structural geology report describes for the first-time structural features that are tied to the widespread copper sulphide and native copper mineralisation.
GSTechnologies (GST), the fintech and information technology solutions company, has entered into a legally binding Sale and Purchase Agreement to acquire the whole of the issued share capital of UAB Glindala, a holder of a Crypto Currency Exchange Licence registered in Lithuania, for a total cash consideration of €27,500. Glindala’s Crypto Currency Exchange Licence is supervised by the Lithuanian Financial Crime Investigation Service.
Of the radar Valeura Energy (VLU), an upstream oil and gas company provided a trading update. As of December 31, 2021, Valeura had no debt and held cash and cash equivalent resources totalling $40.8 million. Upon selling its shallow gas producing business in Turkey in May 2021, Valeura retained a royalty on ongoing production to capture potential price upside for the benefit of shareholders. The Company has been notified by the buyer that it will receive a total of $780,000 in royalty payments for Q4 2021.
Serica Energy (SQZ), a British independent upstream oil and gas company released a Corporate Update presentation for the year ended 31 December 2021. The company said the past year reinforced the value of its through-cycle investment strategy as its expenditure during the low gas price environment of 2020 on the R3 and Columbus projects bore fruit this year. 2022 will see a planned well intervention programme on Bruce and Keith in addition to its exploration well at North Eigg.
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