The contracts keep flowing in at Open Orphan (ORPH), with the latest being one of the more chunky. The specialist contract research organisation said that hVIVO, a subsidiary of Open Orphan, has signed a £5.1m contract with a biopharmaceutical company to test its Investigational Medicinal Product using hVIVO’s respiratory syncytial virus Human Challenge Study Model.
By Zak Mir
The study is due to commence in H2 2022, with the revenue from the contract being recognised across 2021 and 2022. hVIVO will conduct this study on behalf of this biopharmaceutical client to demonstrate the efficacy of its IMP against RSV infection.
Jubilee Metals (JLP), the metals processing group focused on Africa, provided an operational and corporate update on its copper projects in Zambia, specifically Project Roan, and its Inyoni PGM project in South Africa. The company said further significant progress has been made over recent months at both its South African and Zambian operations, as well as outside the African continent, with the collaboration with Cyprus based Caerus Mineral Resources.
Caracal Gold (GCAT), the gold producer with operations in East Africa, announced that its Prospecting Licence PL/2018/0189, which surrounds the Company’s Mining Licence and current gold production facilities at the Kilimapesa Gold Mining and Processing Operations in Kenya, has been renewed for a further three years by Kenya’s Ministry of Petroleum and Mining. The prospecting License forms part of the Company’s broader exploration and development activities at Kilimapesa, which will now be accelerated. Its area totals 55.3 sq km – 62 times larger than Kilimapesa’s current licence area of 0.88 sq km.
Mode Global (MODE), the LSE-listed Fintech Group, said that from today customers will be able to enjoy 0% trading fees when buying and selling Bitcoin, as part of a limited time campaign to make Bitcoin more accessible to millions across the UK. For the rest of the year Mode will be removing its 0.99% trading fee, instead offering users 0% in trading fees when they buy and sell Bitcoin via the Mode app. Mode also announced it has partnered with the host of The Pomp Podcast, Anthony Pompliano, as part of a campaign to raise Mode’s brand awareness and accelerate the adoption of Bitcoin.
Oxford Cannabinoid Technologies (OCTP) said that it has signed a new drug development agreement with Stemtech. Stemtech is a contract research organisation based in Oxford and led by Dr Zameel Cader, which generates re-programmed human stem cells for research and drug discovery. Under the agreement Stemtech will provide OCT with support for its drug development programmes, which are targeting pain, neurology and inflammation.
There are interesting developments at East Imperial (EISB), the global purveyor of ultra-premium beverages. The company announced that it has received a letter requisitioning an extraordinary general meeting of the Company’s shareholders. The Requisition proposes resolutions that the Chairman of the Company, Rob Soni, and Dr Olufunke Abimbola be removed from office as directors of the Company and that Alistair McGeorge be appointed as a non-executive director of the Company and the non-executive chairman of the Company and Colin Henry be appointed as a non-executive director of the Company.
Pantheon Resources (PANR), the AIM-quoted oil and gas company, said it has entered into a short term draw down facility of $1.5 million with an existing shareholder. Pantheon must complete either a farmout or funding in Q4 2021 to have sufficient resources for the anticipated winter 2021/2022 drilling and testing campaign and for ongoing working capital. The company is actively engaged in negotiations for a potential farmout.
Another day, another positive RNS from Rambler Metals and Mining (RMM), a copper and gold producer. It updated its on-going 2021 underground infill diamond drill program at the Ming Copper-Gold Mine, Baie Verte, Newfoundland and Labrador, Canada. The company said the positive assay results received in the program so far provide confidence in its near-term production outlook, having confirmed the earlier block model based on wider-spaced drilling in the target areas. In addition, the new, high-grade intersections through the recently discovered “Icing Zone” further enlarges the Icing Zone in an area near current underground infrastructure. This has, according to Rambler, created an opportunity for additional near-term high-grade production.
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.
