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Proactive news snapshot: VR Education, IronRidge Resources, Sirius Minerals, Itaconix …

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VR Education Holdings Plc’s (LON:VRE) Apollo 11 VR showcase experience has been selected by Facebook to be a launch title on the Oculus Quest headset, which launches around the world today. The Oculus Quest is Facebook’s new all-in-one virtual reality headset that the tech giant hopes will help to take VR mainstream.

IronRidge Resources Ltd (LON:IRR) has released results of metallurgical test-work from the Ewoyaa lithium project in Ghana, West Africa. The results showed concentrate grades consistently above 6% lithium oxide, the current industry standard, and recoveries at up to 85%.

Sirius Minerals PLC (LON:SXX) has revealed that the open offer portion of its new funding package has now closed and said that that the shareholder equity sale was oversubscribed.

accesso Technology Group PLC (LON:ACSO) has reiterated its full year expectations after a strong start to 2019. In a trading update ahead of its AGM on Tuesday, the ticketing and ecommerce services provider said that in the four months to 30 April it had seen “strong demand” for its core ranges.

Itaconix Plc (LON:ITX) has received its first purchase order from chemical firm Nouryon for personal care polymer following the signing of an exclusive supply agreement in February. Big Pic in January.

Sound Energy PLC (LON:SOU) has said its TE-10 gas discovery in Eastern Morocco failed to achieve commercial flow rates following a simulated well test. The AIM-listed firm said it now intended to deploy a downhole gauge to monitor pressure in the well and demobilise the test equipment and crew from the site.

Minds + Machines Group Limited (LON:MMX) shares surged on Tuesday after the company hit three major milestones in its ‘.luxe’ project, including US$100,000 from its sale of the first domains.

Crossword Cybersecurity Plc (LON:CCS) said its Consulting division has launched a new information security product, virtual Chief Information Security Officer (vCISO) in tandem with its partner Reliance acsn Ltd. The product is a virtual/remote CISO service which gives clients a cybersecurity team and network protection at a fraction of the cost of building their own.

Amryt Pharma PLC (LON:AMYT) is to merge with Aegerion Pharmaceuticals to form a new global business specialising in rare and orphan diseases. The merger creates a group with revenues of $136.5mln in 2018 and re-unites the Lojuxta cholesterol treatment under one roof.

Bloomsbury Publishing PLC (LON:BMY) has posted full-year results ahead of market expectations and hailed its strong financial position and excellent cash generation. Profit before taxation and various one-off charges in the year to the end of February grew by 9% to £14.4mln, up from £13.2mln the year before. The consensus forecast among brokers covering the stock was for a headline profit before tax of £13.96mln.

Bloomsbury also announce that Leslie-Ann Reed has accepted an invitation to join its board as a non-executive director with effect from the 17 July 2019, subject to her appointment at the AGM on the same date. It said Reed was formerly chief financial officer of online auctioneer, Go Industry Dove Bid.

The chief executive of Tissue Regenix Group PLC (LON:TRX) is to return to full-time duties next month.

UK biopharma Motif Bio PLC (LON:MTFB) is to present three posters on its iclaprim next-generation antibiotic at an upcoming industry conference in San Francisco.

Polarean Imaging PLC (LON:POLX), the medical imaging technology company, is set to receive another US$1mln through a research grant. The company said it will receive the third tranche of US$1mln as part of its US$3mln Small Business Innovation Research grant.

Integumen PLC (LON:SKIN), the company behind the Labskin technology, said revenues in 2018 were ahead of previous expectations. The company, which has developed a laboratory-grown skin that is used by cosmetics and pharmaceutical companies to see how their latest products will react to human skin, said revenue increased to £502,000 in 2018 from £238,000 in 2017.

Wishbone Gold PLC (LON:WSBN) told investors it is reviewing strategic options for its Honduras gold operation amid low recoveries. In a statement, the AIM-listed company said it has been able to make ‘some shipments’ of gold from the Honduras plant and efforts are being made to improve the quality of the feedstock, including tests being conducted.

Galantas Gold Corporation (LON:GAL) turned in a net loss for the quarter ended March 31 of just under C$780,000, slightly up from the 2018 number of just under C$525,000. The company had a cash balance of nearly C$3.8mln.

Savannah Resources PLC (LON:SAV) booked a loss for the year to 31 December 2018 of £3.4mln, up somewhat from the £2.8mln booked in 2017. Year-end cash totalled £7.7mln.

Oriole Resources PLC (LON:ORR) has intercepted nine metres grading 3.14 grams per tonne gold in trenching on the central Bakassi zone on the Bibemi project in Cameroon. The intercept was the highlight of broad programme of work across Oriole’s Bibemi and Wapouzé gold projects.

W Resources PLC (LON:WRES) has told investors that the first feed of ore into the newly installed jig and mill plant at the La Parrilla tungsten mine in Spain has taken place. “The next step is construction completion of the new Concentrator Plant in June and commencement of commissioning in July,” said Michael Masterman, W Resources chairman.

African Battery Metals Plc’s (LON:ABM) noted that Katoro Gold PLC (LON:KAT) has revealed a positive exploration update from the Haneti nickel project, which is 25% owned by ABM. The AIM-listed firm pointed out that Katoro Gold sees Haneti as a “highly prospective high-grade” project and it has a number of high priority exploration targets.

Kibo Energy PLC’s (LON:KIBO) shares surged on Tuesday after it said its 60%-owned UK subsidiary, MAST Energy has entered into an agreement to acquire a 5 megawatt gas-fuelled power plant. The AIM-listed firm said the sale and purchase agreement with Bordersley Power Limited would also include an option to lease the land for a project site as well as offers to connect to the electrical and gas grids.

Bushveld Minerals Limited (LON:BMN) shares came off lows on Tuesday as the integrated primary vanadium producer said it was not aware of any corporate reason for a recent fall in its share price, although it highlighted weakness in the vanadium price. In a statement commenting on the downward share price move, the AIM-listed group said, in spite of the price falls, it believes the vanadium market “remains in a structural deficit that will support higher prices in the medium to long term.”

OPG Power Ventures PLC (LON:OPG), has hedged 60% of its coal requirements for this year against future adverse price movements. The India based company operates a coal-fired power plant at Chennai, Tamil Nadu and the hedge covers approximately one million tonnes of coal between June 2019 and March 2020.

Afarak Group PLC (LON:AFRK), in a statement after Monday’s close, revealed that it intends to convert its status to become a European company (referred to as a ‘Societas Europaea’ or SE). The company told investors that it made the decision because it is a multinational company with operational functions in several different countries. It is currently designated as a Finnish company.

WideCells Group PLC (LON:WDC) said it has received a further notice of exercise from European High Growth Opportunities Securitization Fund in respect of the conversion rights for bonds with the aggregate principal amount of £400,000, resulting in the issue to the investor of 100,000,000 new ordinary shares. As a result, European High Growth Opportunities Securitization Fund’s stake in Widecells increased to 9.46% from 0.32% previously.

SigmaRoc PLC (LON:SEC), the AIM-listed buy-and-build construction materials group, announced that Liberum Capital will be its sole broker with immediate effect. It added that Strand Hanson continues to act as its nominated and financial adviser.


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