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Proactive news snapshot: NetScientific, Capital Drilling, Horizonte Minerals …

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NetScientific PLC (LON:NSCI) has said it is unaware of any reason behind a 247% surge in its share price on Wednesday to 12.5p.

Tests on ore from Horizonte Minerals PLC’s (LON:HZM) Vermelho nickel project in Brazil have confirmed the quality is high enough for stainless steel production and potentially for electric vehicle batteries. Metallurgy testwork on saprolite samples indicated they can be processed using a rotary kiln plant, which is the type being built by Horizonte at its neighbouring Araguaia nickel deposit.

Touchstone Exploration Inc (LON:TXP, TSE:TXP) highlighted a degree of strength in terms of production as new wells drilled during 2019 continue to boost oil sales. Ahead of 2018 results, due to be released on 27 March, the company has updated on its performance during the first two months of the current financial year.

Synairgen plc (LON:SNG) is to include patients with more severe chronic obstructive pulmonary disease (COPD) in the second part of the mid-stage study of its SNG001 drug. The move comes after a successful interim safety review by the independent Data Safety Monitoring Committee (DSMC) which did not identify any safety concerns for patients currently enrolled in the trial.

ImmuPharma PLC (LON:IMM) continues to engage with potential corporate partners for Lupuzor, its late-stage treatment for Lupus, as well as progressing potential collaboration opportunities on its other projects.

Shield Therapeutics PLC (LON:STX) said the European Patent Office (EPO) has decided in favour of the company in relation to a patent for its lead product Feracru, an iron deficiency treatment. The AIM-listed firm said that the decision, made by the EPO’s opposition division, related to patent #2 668 175, which covers a "Process for preparing an iron hydroxypyrone".

Summit Therapeutics PLC (LON:SUMM) has unveiled two new presentations at an industry conference in Berlin. The presentations show off the potential of Summit’s Discuva platform, which it is using to identify and develop new antibiotics that infections such as gonorrhoea and staph aren’t resistant to.

Bacanora Lithium PLC (LON:BCN) has revealed it is in discussions with a number of potential cornerstone investors as part of the process to secure full funding of US$460mln for the Sonora Lithium Project in Mexico in the second-quarter of 2019. The AIM-listed lithium company said the discussions are ongoing and added that it will provide an update to the market as appropriate.

ECR Minerals PLC (LON:ECR) shares rose on Thursday after it reported significant high-grade gold assays from the reverse circulation drilling programme recently completed at the Blue Moon prospect in Australia. Craig Brown, the company’s chief executive officer commented: “These results quantify the field geologists’ assessment of visible gold at Blue Moon".

Shefa Yamim (ATM) Ltd (LON:SEFA) is targeting further exploration at its Kishon Mid-Reach project in Northern Israel after making “excellent progress” in its first full year as a listed firm.

In interims for the half year to 31 December 2018 Salt Lake Potash Ltd (LON:SO4) (ASX:SO4) has confirmed that progress continues apace at the Lake Way brine sulphate of potash project in Australia. Construction of the initial ponds and the dewatering of the Williamson pit are likely to be completed by the end of the current quarter.

A big upgrade to the value of its reserves at the OML 40 field in Nigeria has enabled Eland Oil & Gas PLC (LON:ELA) to increase its loan facility. The new estimate from Netherland Sewell (NSAI) put OML 40’s gross reserves in the most certain or 1P category at 42.9mln barrels.

Live Company Group Plc (LON:LVCG) shares jumped in lunchtime trading Thursday after it agreed to supply its first LEGO dinosaur models to its joint venture (JV) in China. The media group, which owns the BRICKLIVE brand, said it would provide six dinosaur-themed models to its JV, Brick Live Centre Education Development (Beijing) Co Ltd, which would then be exhibited in shopping malls, art exhibitions, and other venues across China.

Anglo Asian Mining PLC (LON:AAZ) has confirmed its underground gold mine at Gadir in Azerbaijan has sufficient material for at least five years of production. A JORC-compliant estimate put gold reserves at 70,000 ounces with 300,000 oz of silver and 1,400 tonnes of copper.

Europa Oil & Gas Holdings PLC (LON:EOG) has announced that it will transferred operational control of the Holmwood project  to partner UK Oil & Gas PLC (LON:UKOG), which has hands-on experience with the Horse Hill success in the licence next door.

The hope among the Holmwood partners – which also include Union Jack Oil PLC (LON:UJO) and Egdon Resources Plc (LON:EDR) – is that the change may give fresh impetus to a project that had stalled somewhat due to issues connected to planning permission.

WideCells Group PLC (LON:WDC) has issued 115mln new shares to the European High Growth Opportunities Securitization Fund after it elected to convert £115,000 worth of bonds. The new share issue also includes a penalty payment of £172,500.

PCG Entertainment Plc (LON:PCGE) said it has received notice of a County Court Judgement against the company for £25,456.48 issued on 30 January 2019.  The group pointed out that its board of directors did not receive notice of the hearing and does not believe the amount is due and have therefore engaged solicitors with a view to having the judgement set aside.

MTI Wireless Edge Ltd (LON:MWE) confirmed that, following the passing of a resolution at today’s general meetings, Moni Borovitz has been appointed as the chief executive officer of the company with immediate effect. The group said Dov Feiner, the previous chief executive officer will remain a director and general manager of the company's antenna division.

Primary Health Properties PLC (LON:PHP) said that as previously announced, further to the completion today of its merger with MedicX Fund Limited (LON:MXF), Helen Mahy has joined its board as non-executive deputy chairman, senior independent director and chairman of the Remuneration Committee, and Laure Duhot joins as a non-executive director and chairman of the Adviser Engagement Committee. The group said, also previously announced on 24 January, Nick Wiles and Geraldine Kennell today stepped down from its board.

Mosman Oil And Gas Limited (LON:MSMN) said a staff member will be presenting a technical paper at the forthcoming AGES Conference (Annual Geoscience Exploration Seminar) in Alice Springs in the Northern Territory covering technical Information in respect to EP 145 and EPA 155. The group said a copy of the presentation will shortly be made available on the company website.


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