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Proactive news snapshot: Eurasia Mining, Kibo Mining, Echo Energy …

A glance at some of the day's highlights from the Proactive Investors newswire
Your daily round-up from the world of Proactive

Eurasia Mining plc (AIM:EUA) has received approval for its Monchetundra platinum group metals mine from the Russian Ministry of Economic Development (MOED). The mine permit application, for the Monchetundra project, which contains more than two million PGM ounces, is now awaiting sign off at the Ministry of Natural Resources. The application process remains on track to be completed by late summer.

Kibo Mining PLC (LON:KIBO) has signed a Strategic Development Agreement (SDA) with China based SEPCOIII, one of the world's largest power engineering, procurement and construction contractors, to work with Kibo towards enhancing its strategy and the development of its portfolio of energy projects. As part of the SDA, SEPCOIII has committed to a two-stage equity investment into Kibo, endorsing the company's strategy and its position in the African power market.

Echo Energy Plc (LON:ECHO) told investors it has begun drilling on its fourth and final well in its Argentina programme, with the spudding of the CSo-2001d well at the Fracción D asset. The well is targeting a prospect that was identified on 2D data and it is due to have a 1,514 metre measured depth.

Bango plc (LON: BGO), the mobile commerce company, has partnered with Pandora (NYSE:P), the largest music streaming service in the USA. The arrangement will see Bango’s technology used to power subscriptions through Pandora’s reseller partners.

It’s time for Rosslyn Data Technologies PLC (LON:RDT) to get the beers in after the big data technology company bagged a contract with a brewer. The company has secured a three-year spend analytics contract worth more than €1mln with the unnamed global brewer, with €500,000 to be paid in the first year and then €250,000 a year in the following two years.

Sativa Investments PLC (NEX:SATI) has agreed to buy PhytoVista Laboratories, a UK-based lab that tests cannabis oils and hemp products, for £435,000. The British medicinal cannabis investment vehicle will pay £235,000 in cash and £200,000 worth of shares at 0.04p per share to buy PhytoVista from Carbon Managers Limited.

Cantor Fitzgerald sees some 205% upside to the Rose Petroleum PLC (LON:ROSE) share price as the explorer seeks to advance its assets in Utah’s Paradox basin. The broker has a ‘buy’ recommendation with a 9p price target, compared to a current price of around 3p.

Sound Energy PLC (LON:SOU) has an investment story that should be heard by investors, that’s the view of RBC Capital Markets analyst Al Stanton. With a drill programme in the calendar, slated through late 2018 and early 2019, the analyst suggested the share could be seen as cheap, relative to other oil stocks, with different emphasis.

Africa-focused oil and gas company Lekoil Ltd (LON:LEK) shares are worth twice as much as what they are currently selling for, according to French broker Mirabaud. The AIM-quoted firm has a handful of assets in Africa, but the main two are the Otakikpo oil field and OPL310, both of which are in Nigeria.

Shefa Yamim LTD (LON:SEFA) has boosted the number of carats recovered from bulk sampling at Kishon Mid-Reach Zone 1 in Israel.  The recovery from 6,384 tonnes of ore sampled in in Zone 1 now stands at approximately 9,778.15 carats. A total of 2,176.77 carats of garnets were recovered.

App monitoring service AppScatter Group PLC (LON:APPS) has completed the £13.5mln acquisition of German firm Priori Data.

Motif Bio Plc (LON:MTFB) (NASDAQ:MTFB), a clinical-stage biopharmaceutical company specialising in developing novel antibiotics, announced that Robert Bertoldi, president and CFO of Amphion Innovations Plc (LON:AMP), has informed the company of his decision to resign as a director with effect from July 16, 2018.

Mporium Group PLC (LON:MPM), the technology firm delivering event-driven marketing, announced that finnCap Ltd has been appointed as its nominated adviser and broker with immediate effect.

Arc Minerals PLC (LON:ARCM) announced that it will be hosting an Investor presentation in London on 11 July 2018 at Prince Philip House, 3 Carlton House Terrace, St James', London SW1Y 5DG from 6pm-8pm.

Vast Resources PLC (LON:VAST), the AIM-listed mining company with operating mines in Romania and Zimbabwe, announced that Andrew Prelea, the company's CEO, will be presenting at an investor evening hosted by Turner Pope Investments Ltd to be held on Monday 16 July 2018, in London EC2, which will commence at 5pm.

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