Anglo Asian Mining PLC (LON:AAZ) has reported an 11% year-on-year rise in first-quarter production from the Gedabek gold, copper and silver mining contract area in western Azerbaijan and seen its net cash increase by 77% to US$10.8mln.
PowerHouse Energy Group PLC (LON:PHE), along with its development partner Waste2Tricity Limited (W2T), have signed a lease for a plot on the Protos energy hub to develop its hydrogen-from-waste technology.
Alliance Pharma PLC (LON:APH) has confirmed its morning sickness treatment Xonvea has received marketing approval in Ireland. This paves the way for the first launch of the product outside the UK. The company to start selling drug in the Republic in the final quarter of this year.
Seeing Machines Limited (LON:SEE) is to provide its FOVIO driver monitoring systems to a US automotive original equipment manufacturer (OEM) which could net the company over A$7mln in revenue.
Last week’s transformational Moroccan acquisition leaves today’s financial results statement somewhat less relevant, nevertheless, Chariot Oil & Gas PLC (LON:CHAR) highlighted its strong cash position. The company ended 2018 with US$19.8mln of cash and was debt free, it is fully funded for current work commitments (which at less than US$1mln are low).
Metal Tiger PLC (LON:MTR) said investee company Kalahari Metals Limited has entered into a binding agreement with Resource Exploration and Development Limited to purchase 100% of Kitlanya Ltd, which owns five recently granted exploration licences in the prospective Kalahari Copper Belt.
ClearStar Inc (LON:CLSU) shares shined in early deals on Wednesday after the group reported its highest ever first quarter revenue. In a trading update for the quarter ended 31 March, the background check software group said revenues had risen 11% to US$5.1mln.
Futura Medical PLC (LON:FUM) confirmed it will deliver the results from its phase III trial for a fast-acting gel for erectile dysfunction (ED) by the end of the year, a milestone which expects to be a “major value inflection point”. The first of two studies of MED2005 got underway in October treating 1,000 men at 60 centres across Europe. Headline data should be released towards the back-end of 2019, the company said.
Bushveld Minerals PLC (LON:BMN) subsidiary Lemur Holdings has arranged a US$1mln loan facility with the Development Bank of Southern Africa for finalise details at its Imaloto thermal power station project in Madagascar. Negotiations with potential lenders are progressing said Lemur and DBSA’s loan will tide it over until financial close - the point when it has arranged funding to take the project through to commissioning.
Alba Mineral Resources plc (LON:ALBA) investors can now look forward to progress at the Brockham project. Operator Angus Energy Plc (LON:ANGS) told investors that work at the Brockham field started yesterday, ahead of schedule, after the early receipt of necessary equipment.
Cabot Energy PLC (LON:CAB) has told investors that it is continuing financing talks though it may need until the end of June to conclude the discussions, it now intends to release financial results for 2018 in June. The company, in a statement, noted that it is talking to potential providers of finance – including both third parties and existing shareholders – over potential transactions at asset level and also group level.
Mineral sands miner Base Resources Limited (LON:BSE) has published its production estimate for 2020. A switch to the South Dune at its Kwale operation in Kenya will mean production of between 64,000 – 70,000 tonnes of rutile, 315,000- 350,000 tonnes of ilmenite and 25,000-28,000 tonnes of zircon.
US Oil & Gas PLC (USOP) continues to work towards the implementation of a fracking programme on the Eblana 3 well, though any timetable is contingent on regulatory approval. The company, in its full year financial results statement, said that it also continues planning for corporate development and a new stock market listing though it noted that these plans would only be realised if it can produce oil at commercial quantities.
Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) (TSX-V:EOG) said it raised, in aggregate, US$17mln (£12.9mln) before expenses through the oversubscribed placing and subscription of, in aggregate, 16,159,695 new common shares in the company which has now closed.
Cello Health PLC (LON:CLL), the healthcare-led advisory group, this afternoon is hosting a capital markets event in London for analysts and institutional investors. The event will focus on the Group's Cello Health division and its strategic growth opportunities in the pharmaceutical and biotechnology industries worldwide.