Ilika PLC's (AIM:IKA, OTCQX:ILIKF) grant-backed inclusion in another Faraday Battery Challenge is "further validation" of its Goliath solid-state battery (SSB), said broker Liberum as it reiterated a 'buy' recommendation.
Armed with a grant of £2.8mln, the company will lead a 24-month collaboration targeting li-ion energy density parity by the end of 2023, analyst Sam Wahab noted.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) has updated investors regarding a previously announced delay to its assay results, from recent drilling at the San Domingo project, with the findings now expected from the labs during this quarter.
The company, in a statement, noted that assay labs in North America are stretched in their capacity and the holiday period has further added to the existing delays. It previously flagged the delay in November.
Caerus Mineral Resources PLC (LSE:CMRS) said it has formally signed the share purchase agreement with PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd for the sale of the company's Cyprus subsidiaries.
Caerus noted that it is now wholly focused on the acquisition of larger upstream development opportunities in the battery metals sector, aligned to its strategic partnership with EV Metals Group (EVM).
JLEN Environmental Assets (LSE:JLEN), the listed environmental infrastructure fund, has announced its first investment into the green hydrogen sector with the acquisition of a 33% equity stake in Foresight Hydrogen Holdco GmbH (FHHG).
FHHG holds a 75% stake in HH2E Werk Thierbach GmbH, a special purpose vehicle that owns the development rights to the Thierbach green hydrogen project, a large green hydrogen production plant near Borna in Germany, capable of producing around 6,000 tonnes (over 200,000MWh) of green hydrogen per year during the first 100MW phase. Green hydrogen will be produced through electrolysis powered by renewable electricity. The project will also integrate battery storage.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) said it will receive £2.8mln grant funding for its role in leading a 24-month Faraday Battery Challenge collaboration with the likes of BMW Group and Williams Advanced Engineering.
Beginning on 1 February 2023, the UK government-backed ‘Project HISTORY’ collaboration programme will see a total £8.2mln of funding for all companies involved.
Futura Medical PLC (AIM:FUM, OTC:FAMDF) has announced that its partner, Cooper Consumer Health, has begun pre-launch activities for the launch of MED3000.
Also known as Eroxon, MED3000 is a breakthrough, topical gel formulation for the treatment of erectile dysfunction (ED).
Chamberlin PLC (AIM:CMH) has raised £550,000 through a placing and subscription with existing shareholders at 3.3p per share. Trevor Brown, an executive director, has also subscribed for shares to raise an additional £100,000. The placing price represents a 7% discount to yesterday’s close.
Applied Graphene Materials PLC (AIM:AGM, OTCQX:APGMF) said its annual report and accounts for the year ended 31 July 2022 will not be published by 31 January 2023 and its shares will be suspended from trading on AIM with effect from 1 February 2023, pending their publication. AGM said it remains the board's intention to enter into a legally binding contract for a sale of its key assets by 31 January 2023 (read more).
Power Metal Resources PLC (AIM:POW) said the next stage of exploration is underway on its 100% owned and operated Tati gold project near Francistown, Botswana (read more).
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) has issued a new timeline for some of its projects in the US. At San Domingo, soil sampling and structural mapping will be followed by a drilling programme in the last quarter of 2023. At Wikieup, a follow-up to the 2022 sonic programme is planned (read more).