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Proactive news snapshot: Itaconix, Ceres Power, Seeing Machines …

A glance at some of the day's highlights from the Proactive Investors newswire
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Itaconix Plc (LON:ITX) said it and the chemicals giant AkzoNobel have moved from the technical evaluation phase to defining a joint marketing effort for former's bio-based chelates used in detergents and cleaners. Itaconix said commercial details remain to be finalised; however, it added both sides expect to complete agreements before the end of the year.

Ceres Power Holdings PLC (LON:CWR) has announced a strategic collaboration with Weichai Power, one of China’s leading automobile and equipment manufacturing companies, and potential initial equity investment worth £17mln. The Aim-listed firm said this agreement provides Ceres Power with access to the Chinese market, the world’s fastest-growing market for fuel cells.

Seeing Machines Limited’s (LON:SEE) Western Australia-based distributor is to take another 2,500 of the AIM-listed firm’s Guardian in-cab driver-fatigue monitoring units.

Remote meetings technology company LoopUp Group PLC (LON:LOOP) is to hit the big time with the £61.4mln acquisition of the MeetingZone Group.

Hurricane Energy PLC (LON:HUR) has updated investors on the advancing development of the Lancaster field, in the West of Shetland region offshore UK. It is working to deliver Lancaster’s Early Production System in the first half of next year, and the project has now reached another key milestone.

OptiBiotix Health plc (LON:OPTI) has signed a 5 year exclusive manufacturing and supply agreement for its cholesterol and blood pressure reducing strain in India. The AIM-listed company, which develops a range of compounds to tackle obesity, high cholesterol, diabetes and skin care, said the agreement was with Akums Drugs and Pharmaceuticals Ltd, a leading contract manufacturer in India.

Tharisa PLC (LON:THS) has made a first move into Zimbabwe with the acquisition of 90% of Salene Chrome, located on the country’s Great Dyke platinum belt. Salene has three special grants covering an area of approximately 95sq km on the eastern side of the Great Dyke, which entitles it to mine illuvial chrome at surface.

Nigeria focused Eland Oil & Gas PLC (LON:ELA) told investors that the Opuama-9 well, at the OML 40 asset, is expected to perform at the high-end of prior guidance – which was pitched at 4,000 to 6,000 barrels per day gross. Big Pic in October.

Cadogan Petroleum PLC (LON:CAD), in a statement after Tuesday’s market close, told investors that that operations will have to be shut-in at the Cheremkhivsko-Strupkivske (also referred to as  ‘Cher’) production license in Ukraine.

Asiamet Resources Ltd (LON:ARS) has published a maiden mineral resource estimate for the BKZ polymetallic deposit in Kalimantan, Indonesia. The initial Mineral Resource Estimate for BKZ is subdivided into the BKZ upper polymetallic zone (BKZ-UPZ) and the BKZ lower copper zone (BKZ-LCZ).

Greencoat UK Wind PLC (LON:UKW), the leading listed renewable infrastructure fund invested in operating UK wind farms, announced its intention to accelerate the closure of the placing it launched on 8 May 2018 following material investor demand. The group said the bookbuilding process will close no later than 1:30 pm London time on 17 May 2018.


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