UK technology company commercialising hydrogen production from waste plastic, Powerhouse Energy (PHE) has entered into a binding collaboration agreement with HU2021 International UK Limited, a wholly owned subsidiary of Hydrogen Utopia International PLC, to market the deployment of DMG® technology in territories outside the UK.
By Zak Mir
Under the Collaboration Agreement, Powerhouse and HUI have agreed to pursue the production of hydrogen and power on a commercial basis in Poland, Greece and Hungary and in other territories outside the UK on a non-exclusive basis. Powerhouse has also agreed that it may grant HUI exclusivity over further territories outside the UK subject to the agreement of a new exclusivity agreement for the relevant territory.
Clinical stage infectious disease pharmaceutical company, Poolbeg (POLB) has partnered with leading global biopharma services company, Eurofins Genomics, to complete RNA sequencing for Poolbeg of Respiratory Syncytial Virus disease progression samples from human viral challenge studies. This deep sequencing work is a key step leading to Poolbeg commencing Artificial Intelligence analysis of its RSV data.
Esports company focused on establishing esports teams, Semper Fortis (SEMP) announced its entrance into popular game title Fortnite. Semper Fortis Esports has made the official signings of Max Anthony Cope (‘Tweaks’) and Jack Renata (‘Esky’) as its full-time Fortnite professional and content creator team for the upcoming season.
Fintech group Mode Global Holdings (MODE), announced its membership of CryptoUK, the UK’s leading trade association for the digital asset industry. CryptoUK is a self-regulatory trade association established to promote higher standards of conduct in the cryptocurrency industry. As a member of CryptoUK, Mode will work together with fellow association members to drive greater dialogue and collaboration with regulators and policymakers.
London-listed exploration company based in Ireland, IMC Exploration (IMC) announced the completion of its first drillhole in a 1,000m drilling programme at its West Avoca property on PL 3850, Co. Wicklow, Ireland. Drill hole 21-3850-01 has extended the down dip extent of mineralisation and has encountered zinc-lead and copper-gold mineralization. A total of four massive and semi-massive sulphide zones were encountered between depths of 159m and 226m representing individual heavily mineralised intervals of 1.85, 5.3, 5.0 and 4.9m respectively. The upper three zones are zinc dominant and the lower zone copper dominant. Over 75m of drill core has been split and sent to ALS Laboratories in Co. Galway for analyses.
Exploration and production company focused on Georgia, Block Energy (BLOE) announced its operations update for the three months ended 30 September 2021. The company said Well WR-B1a is undergoing clean-up operations and testing. Preparatory work on the second well in the 2021 drilling programme, JKT-01, is progressing well. Q3 production was of 34.6 Mboe (Q2: 42.6 Mboe), Q3 revenue of $901,000 (Q2: $1,165,000). Oil revenue stood at $742,000 (Q2: $960,000), with gas revenue of $159,000 (Q2: $205,000).
Falcon Oil & Gas (FOG) said it notes that production testing has now been completed and the well shut in at Kyalla 117 N2-1H ST2 in the Beetaloo Sub-Basin, Northern Territory, Australia with its joint venture partner, Origin Energy B2 Pty Ltd. Further analysis will be undertaken, including additional core analysis and well design considerations, to enable a conclusion to be reached on the results from operations at Kyalla 117, which will inform the future approach to further drilling and testing of the Kyalla play in the Beetaloo Sub-basin.
Cryptocurrency mining group Argo Blockchain (ARB) revealed its operational update for September. During the month of September, Argo mined 165 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 206 BTC in August. This brings the total amount of BTC mined year-to-date to 1479 BTC. Mining revenue in September amounted to £5.50m ($7.59m) (August 2021: £6.83m ($9.43 million)). Argo generated this income at a Bitcoin and Bitcoin Equivalent Mining Margin of approximately 84% for the month of September (August 2021: 86%). At the end of September, the company owned 1836 Bitcoin or BTC equivalent.
SIMEC Atlantis (SAE) said it has been advised that the Welsh Government will now itself decide on the permit variation application for the conversion of the Uskmouth power station and has blocked the independent Natural Resources Wales from making a determination. NRW, had previously indicated that it was minded to award the variation to the existing permit, subject to conditions after a further round of public consultation, initially scheduled for September.
Base metal explorer Castillo Copper (CCZ) announced that initial due diligence on the Litchfield Lithium Project in the Northern Territory has highlighted significant pegmatite outcropping along the north-west boundary. A follow up site visit to the Litchfield Lithium Project in the Northern Territory, arranged by the Vendor Group’s geological consultant, highlighted significant pegmatite outcropping along the western boundary. This is contiguous to Core Lithium’s Finnis Lithium Project1 which has JORC compliant ore reserves (7.4Mt @ 1.3% Li2O).
Thor Mining (THR) revealed the latest soil results from the company’s 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia. Gold in-soil anomalies defined eight high quality drill-ready targets. There were high gold in soil values, including 348ppb Au (21RRS0777) and 153ppb Au (21RRS437), identified in both the central and southern areas of the Sterling Prospect. Thor has been awarded A$160,000 from the Western Australia Government under the Government EIS Co-funded grants program, to drill test stream and soil gold anomalies at Sterling Prospect.
Exploration company focused on Botswana, Kavango Resources (KAV) announced the renewal of five Prospecting Licences in the company’s Kalahari Suture Zone Project. Each PL runs for an additional two years and are due to expire on 30 September 2023.
Alba Mineral Resources (ALBA) updated on its development plans at the Clogau-St David’s Gold Mine. Two clear targets have been defined for near-term development: the Llechfraith Payshoot, below the Llechfraith Adit, where drilling has proven vein continuity up to ~122 m below existing workings; and the Main Lode System Extension, where drilling has defined a previously unknown Lode, whilst also intercepting the 7-10 Lode and Grandfathers Payshoot at up to ~60 m below existing workings.
Sureserve (SUR) provided an update in relation to its financial year ended 30 September 2021. The Group said it continued to experience strong growth in revenue, earnings and cash flow and the Board therefore expects results for the financial year to be in line with management’s expectations. The Group’s cash performance has remained strong and as at 30 September 2021 net cash stood in excess of £16m (30 September 2020: £3.7m net of deferred VAT). The order book is up more than 30% on the order book at the end of the previous year (2020: £356m). The company said this performance demonstrates the resilience and continuing demand for its services which which form a critical part of the Government’s growing Green Agenda.
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