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Proactive news snapshot: Strategic Minerals, MySQUAR, Haydale Graphene Industries …

Published: 15:45 10 Oct 2017 BST

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Strategic Minerals Plc (LON:SML) has generated record cash flow from its Cobre magnetite tailings operation in New Mexico and now expects profits to be above US$1mln for the first time. The money will be used to continue with exploration activities at Redmoor and elsewhere.

Social media app group MySQUAR Limited (LON:MYSQ) is teaming up with fellow AIM member Sealand Capital Galaxy PLC (LON:SGCL) to distribute mobile games on each other’s platforms in Myanmar. MySQUAR games will available under Sealand's licence agreement on the Huawei inTouch platform. Huawei is the third largest smartphone provider in the Myanmar market.

Haydale Graphene Industries PLC (LON:HAYD) is proposing to raise up to £9mln through the issue of shares at not less than 120p each. Up to £6mln will be raised through a share placing, with the remainder via a subscription offer open to all shareholders.

Shares in Seeing Machines Limited (LON:SEE) motored higher as it announced the "automotive production debut" of its FOVIO-based driver monitoring system in the 2018 Cadillac CT6.

Scancell Holdings Plc (LON:SCLP) has nabbed Dr Cliff Holloway from Benitec Biopharma to be its new chief executive officer, succeeding Dr Robin Goodfellow. Goodfellow will remain on the board of directors.

Iodine extractor Iofina plc (LON:IOF) might beat its production guidance of between 225-240 metric tonnes in the second half of 2017. The bullish update followed production of 125Mt of iodine in the three months to September, making year to date production of 360.5Mt.

Internet of Things (IoT) enabler Telit Communications Plc (LON:TCM) has designed a wireless sensor to be used in robotic lawnmowers made by Swedish outdoor power products giant and Flymo owner Husqvarna. The device will allow cities which use the lawnmowers to maintain their green spaces as well as collect data about the environment such as air quality, water and noise pollution and sound levels.

Mytrah Energy Limited (LON:MYT) has announced there will be a review into a recent transaction connected to chairman Ravi Kailas.

88 Energy Limited (LON:88E, ASX:88E) has updated investors on the Icewine project, in Alaska, as it released its most recent quarterly activity report. The company said that there has been significant pressure build up in the Icewine-2 well since the flow testing programme was suspended on September 18.

Tharisa PLC (LON:THS) produced 360,500 tonnes of chrome concentrates during the fourth quarter of the financial year, up 8% quarter-on-quarter. Full year production totalled 1.3mln tonnes of chrome concentrates, an increase of 7% on the corresponding period a year ago. This production also included 323,000 tonnes of higher margin specialty chrome and 143,600 tonnes of platinum group metals.

Tower Resources PLC (LON:TRP) is to advance the exploration of the Thali block in Cameroon, following a technical committee meeting alongside the authorities.

Avacta Group Plc (LON:AVCT), the developer of Affimer® biotherapeutics and reagents, has announced that its chief technology officer, Dr Matt Johnson, will be presenting at the Annual Biomarkers & Precision Medicine Congress in San Diego, 9th-11th October.

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