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Proactive news summary - SolGold, Richland Resources, Acta, ITM Power and Hardide

Last updated: 15:29 25 Nov 2014 GMT, First published: 16:29 25 Nov 2014 GMT

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SolGold (LON:SOLG) made the headlines on the second day of the trading week after it said it had encountered signs of “extensive strong” visual copper mineralisation in the ninth hole in its drilling programme on the Cascabel porphyry project in Ecuador.

Premier African Minerals (LON:PREM) was also in the news as it completed the de-watering its RHS tungsten project in Zimbabwe and is in 'intensive' talks over the funds needed to re-start production.

Richland Resources (LON:RLD) had seen significant progress in attempts to reclaim its tanzanite mine in Tanzania from illegal miners, it said today.

Biomass specialist TEG (LON:TEG) warned that there may be little or no value remaining in the equity of the group after it failed to negotiate an exit from its Greater Manchester waste contract with Costain and has been unable to secure the release of any retentions it was owed.

An operational review at Acta (LON:ACTA), the hydrogen energy company, indicated that cash and revenue performance will fall significantly short of expectations this year.

ITM Power (LON:ITM) said its ground-breaking power-to-gas energy storage project in Frankfurt run by the Thüga Group is 'technically able to participate in the secondary power market'.

Leyshon Energy (LON:LEN) chairman John Manzoni is to become the first chief executive of the British government's Civil Service and it thus stepping down from the Leyshon board.

Tissue Regenix (LON:TRX) shares headed north as its US strategy was boosted with confirmation it will be granted a patent for its dCELL meniscus to aid knee repairs.

The planned acquisition of Dutch pharma group Prosensa by rare disease giant BioMarin is positive for Summit Corp (LON:SUMM) and highlights the potential value of Duchenne Muscular Dystrophy (DMD)-focused firms, says N+1 Singer.

Hardide (LON:HDD), the provider of advanced surface coating technology, has moved back into the black. Results for the year to 30 September revealed a profit before tax of £110,000, compared to a loss of £902,000.

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