Rainbow Rare Earths (RBW) updated on the situation in South Africa. It said it noted the recent reports of civil unrest in South Africa and confirms that work continues on its rare earth project at Phalaborwa, South Africa, which has been unaffected by this unrest.
By Zak Mir
The development of the project is continuing with an optimised process flow sheet based on the successful Sasol flow sheet, as a result of ongoing metallurgical test-work at ANSTO in Australia. The market will be updated on the optimisation results confirming the successful extraction of these rare earths from the +/- 38 million tonnes of gypsum contained in the two residue stacks at Phalaborwa once available. All property rights remain intact in South Africa as well as any mineral rights where applicable.
Consumer sleep wellness brand Eve Sleep (EVE) announced a trading update for the six months ended 30 June 2021. Group revenue increased 13% to £13.9m (2020: £12.2m). while UK&I revenues increased year-on-year by 18%. The company said first half revenue growth of 13% was in line with expectations. UK business was up 15% on pre pandemic revenue levels reported in H1 of 2019. It added that the start of an investment programme in France has been very encouraging. As far as the outlook is concerned, visibility on UK trading conditions for the second half of the year remains limited. The economic recovery looks to be gaining momentum, underpinned by ongoing strength in consumer spending, including on the home.
Medical imaging technology Feedback (FDBK) said CVS Group, one of the UK’s leading providers of integrated veterinary services, have appointed Bleepa as its clinical communications platform for its Equine Division. Following a successful pilot trial, CVS has adopted Bleepa for initial use in its Equine Division. Bleepa will be rolled-out across 20 equine specialist surgeries. The current agreement will result in increased Bleepa users, and could lead to a broader relationship with CVS.
The developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, Amte Power (AMTE), served up its trading update for the year to 30 June 2021. The company secured £3.8m in project income during the period, of which 29% has been recognised in the year just completed. Earlier this year, AMTE Power signed a framework agreement with the publicly funded £130 million UK Battery Industrialisation Centre and AMTE is set to take advantage of this facility as it begins the scale up of its products. The company said that recent announcements by the major automotive brands on their EV manufacturer plans coupled to the UK government’s plans to establish Britain as a global centre for battery manufacture is an ideal backdrop for AMTE Power.
100% renewable energy services provider Good Energy (GOOD) announced the launch of a new time of use energy tariff, aimed specifically for electric vehicle drivers. The launch includes the installation of a free second-generation smart meter, known as a ‘SMETS-2 meter’. The company said it looks forward to building further EV and digital products, services and partnerships. Earlier this week Good Energy rejected a fourth takeover offer from Ecotricity at 340p a share.
AIM-quoted oil and gas company Pantheon Resources (PANR) provided a resource upgrade on its Shelf Margin Deltaic. Pantheon said that it has now completed its internal analysis of the SMD-B sequence encountered in the Talitha #A well. The SMD is the shallowest of five discrete oil bearing intervals encountered in that well. The SMD interval itself is comprised of three individual components: the SMD-A, the SMD-B and the SMD-C. The data obtained in Talitha #A has allowed Pantheon to integrate well log response and core data with seismic petrophysics to more accurately map this interval.
Stock market newbie Glantus (GLAN) announced the acquisition of Technology Insight Corporation. The accounts payable group said that this is the first acquisition of many that it will undertake following its IPO, with the goal to become a leader in AP technology through a mix of strong organic growth and acquisition.
LED lighting and portable power products group Luceco (LUCO) updated on trading for the six months ended 30 June 2021, offering full year guidance that is ahead of current market expectations. The company said its trading performance has continued to improve throughout the second quarter, with demand stronger and broader than expected. Luceco now expects to report H1 2021 revenue of £108m and adjusted operating profit of £19m, versus previous guidance of £105m and £18m respectively.
The integrated agency powered by data science, Jaywing (JWNG) said that it has won a new contract with Skipton Building Society to act as its strategic and brand agency partner. This contract is expected to generate revenues of up to £3m over the next three years. Skipton has appointed Jaywing to develop its branding, marketing strategy and creative content for TV, as well as digital channels, print and social media. The partnership will see Jaywing direct the strategic roadmap for the brand over the next three years.
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