Tirupati Graphite (TGR), the specialist graphite and graphene company, updated on the ongoing developments and operations of the Sahamamy and Vatomina projects in Madagascar.
The company said its innovative and cost-effective solutions have started to bear fruit. Market conditions for graphite are very positive, and this is the ideal time for it to be increasing production of this critical material. With the turnaround of the Madagascan projects now complete, it is again progressing towards its aim of providing approximately 8% of global flake graphite demand.
United Oil & Gas (UOG), the oil and gas company, announced an update on the ASH-4 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. The company said although the initial production from the ASH-4 development well has not performed as expected, it is contributing over 150 barrels to net production today and the data gathered has helped the JV partners increase their understanding of the subsurface and the ASH field, which is invaluable in planning future work programmes.
Omega (ODX), the medical diagnostics company, announced its unaudited interim results for the six months ended 30 September 2022. The company said it was pleased to have executed on its strategic decision to re-align the Group in the period, disposing of the loss-making business in Alva, reducing operating costs and focusing solely on the profitable and cash generative Health and Nutrition business.
AfriTin Mining (ATM), an African technology metals mining company, updated on the exploration activities undertaken over its mining licence ML133, located approximately 35 km south-east of the Company’s Uis Mine. The company said it was especially excited about these initial exploration results. It confirms its belief that the pegmatites of the ML133 licence could contain significant lithium, tin and tantalum mineralisation.
Thor Mining (THR) announced the signing of a Heads of Agreement with ASX-listed mineral exploration and development company Investigator Resources Limited (IVR) to fund the accelerated exploration of Thor’s 100%-owned Molyhil tenements, in the Northern Territory and the sale of Thor’s interest in the Bonya tenement (EL29701).
Atalaya Mining (ATYM) updated on the ongoing exploration programme at its projects in southern Spain which include Proyecto Masa Valverde, Proyecto Ossa Morena and Proyecto Riotinto East. A total of four rigs are currently active, with three at PMV and one at POM. The company said the discovery of the Mojarra Trend is very promising and demonstrates the value of the systematic exploration approach being implemented by its geological team.
Arkle (ARK) announced the discovery of pegmatites in its Mine River Block on the Wexford/Wicklow border in Ireland, in a new search for lithium. The purpose of the reconnaissance work at Mine River was to establish the presence of granite and any pegmatite and / or aplite rock and to collect specimens for analysis.
East Imperial (EISB), a purveyor of ultra-premium beverages, announced the appointment of The Lion Brewery as its US bottling partner. Under the terms of the agreement, The Lion Brewery will bottle East Imperial’s entire range, including the award-winning Grapefruit Tonic, Mombasa Ginger Beer and Yuzu Lemonade. Bottling is expected to start in early 2023.
Surface Transforms (SCE) manufacturers of carbon fibre reinforced ceramic automotive brake discs, announce that it has been awarded a contract with a lifetime value in excess of £100m as a tier one supplier of a carbon ceramic brake disc to an automotive company. Surface Transforms previously described this company as “OEM 10” – which is the single largest contract awarded to date. Surface Transform sees its discs replacing those historically provided by its main competitor.
Panther Metals (PALM) the company focused on mineral exploration in Canada, reported that the first phase of the Obonga Project diamond drilling programme has drawn to a close with 9 diamond drill holes completed for a total of 1,500m drilled.
Cambridge Cognition (COG), which develops and markets digital solutions to assess brain health, announced an expansion in the Chinese market through a strategic partnership with Luca Healthcare Limited. Cambridge Cognition has signed an exclusive licencing agreement with Luca Healthcare to commercialise the Company’s suite of leading cognitive assessment tools in China for both the pharmaceutical and healthcare markets.
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