The construction of the 18,000 tonnes per annum second module to increase the company’s flake graphite capacity in Madagascar to 30ktpa remains on track to enter production in H2 calendar year 2022. The company said the completion of the expansion at Sahamamy will be a material step towards the mid-term target of increasing Tirupati’s production capacity to 84,000 tpa by the end 2024.
Poolbeg Pharma (POLB) said that it has signed a Clinical Trial Agreement with the Centre for Human Drug Research in the Netherlands for the completion of a bacterial lipopolysaccharide human challenge study of POLB 001, which is due to commence in June 2022. First results are expected before the end of 2022 at which point the company aims to rapidly monetise by partnering or out licensing the asset to pharma / biotech for further development.
Oxford Cannabinoid Technologies Holdings (OCTP), the pharmaceutical company, updated on the development of its two lead compounds. The company said although it is replacing PHN with CIPN for OCT461201, it is making good progress with the revised focus to benefit patients with small fibre neuropathies, such as cancer patients suffering from nerve damage caused by treatment with chemotherapy.
Pantheon Resources (PANR), the AIM-quoted oil and gas exploration and production company, announced its interim results for the six months ended 31 December 2021, together with operational highlights for the half year and the period beyond. The company said drilling and testing has yielded results it is incredibly proud of. PANR has sufficient data to be satisfied that both Talitha #A and Theta West #1 are significant discovery wells.
Emmerson (EML), which is developing the Khemisset Potash Project in Morocco, provided an update on its corporate and operational activities for Q1 2022. EML said the company’s Environmental and Social Impact Assessment is awaiting final approvals. It has addressed all of the ESIA issues raised by the relevant authorities.
Chariot (CHAR), the Africa focused transitional energy company, updated on the post-well analysis of the successful Anchois-2 gas appraisal and exploration well, on the Anchois gas project within the Lixus licence, offshore Morocco. The company noted the very positive update on the analysis of the well data obtained from its gas drilling campaign on the Anchois project, offshore Morocco, including a significant increase in net gas pay to approximately 150m.
Horizonte Minerals (HZM) the nickel development company focused in Brazil, announce the completion of both the $65 million Convertible Notes issuance and the sale of the Vermelho Royalty. Receipt of the Convertible Notes funding means the company has now completed or received the relevant funding for all aspects of the previously announced $633 million Funding Package.
Time Out Group (TMO), the media and hospitality business, announces its unaudited results for the six months ended 31 December 2021. The company said its digital audience grew as its content remained relevant and engaging, footfall began returning to the Markets and global brands advertised with it once again
Castillo Copper (CCZ), a base metal explorer, reported that ongoing work on the geological model has uncovered new cobalt assay results for 20 shallow drill-holes that were not in the Geological Survey of NSW data base.
Kore Potash (KP2), the potash development company, reported its audited financial results and operational highlights for the year ended 31 December 2021. The company said key milestones were delivered in 2021 to progress the Kola Project. It expects to inform shareholders of progress on the Kola Project Optimisation Study shortly and to provide an update on the EPC and Financing proposals later in 2022.
Botswana Diamonds (BOD) announced its unaudited interim results for the six months ended 31 December 2021. The company said the diamond market has seen a rapid and dramatic recovery in recent months with prices rising by upwards of 40%.
Active Energy (AEG), the London quoted international biomass based renewable energy business, has entered into a sale and purchase agreement with Phoenix Investors LLC for the sale of its Lumberton site in North Carolina. Gross cash proceeds were $4.65 million.
Eleco (ELCO) announced its results for the year ended 31 December 2021. The company said the successful implementation of its revised strategy has enabled Eleco to embark on its transition to SaaS earlier than expected. This marks a pivotal change to its business as it focuses on securing and increasing its predictable recurring revenues.
Polarean Imaging (POLX), the medical‑imaging technology company, said it has filed the resubmission of its New Drug Application with the US Food and Drug Administration.
Mila Resources (MILA), a London listed natural resources company, presented its interim results for the six-month period ended 31 December 2021. The company said that through its targeted drill programme and utilisation of electromagnetic exploration techniques, it is focussed on substantially growing the resource zone and building commercial confidence.
Toople (TOOP), a provider of bespoke telecom services to UK SMEs, updated on trading. The company revealed a growth in gross profit of 17% and an improvement in EBITDA of 19% from FY21 Q4 to FY22 Q1. This momentum has carried on into Q2 of its current financial year, with orders particularly strong in March.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned