Hydrogen production capacity is set to skyrocket in 2023 as countries and businesses such as Nel ASA, Ceres Power Holdings PLC (AIM:CWR, OTC:CPWHF) and ATOME Energy PLC (AIM:ATOM) enable an accelerated shift away from fossil fuels.
Global annual output capacity topped 109 kilo-tons per annum (ktpa) worldwide last year, a 44% increase on the prior year, research from GlobalData suggests.
Caledonia Mining has its price target tweaked higher by broker Liberum, which said it now expects the Bilboes project in Zimbabwe to be developed in stages rather than in one go.
Bilboes can quadruple Caledonia’s annual production to around 220,000 oz a year of gold at one stoke, suggests the broker based on a feasibility study carried out for the vendors,
IXICO PLC (AIM:IXI, OTC:PHYOF) shares advance over 10% in Tuesday morning’s deals after it said revenue in the year to September 2024 will grow by at least 10%, while sales in the current year will be at least £7mln (£8.6mln).
The brain scan AI specialist added that the result reflects its therapeutic reach broadening and contract and client wins in the last two years, which it added will be a key step on the path back to profitability.
Arc Minerals Limited (AIM:ARCM) has said it is continuing to make progress with joint venture negotiations in regard to its copper properties in north-west Zambia.
Under the terms of a proposed joint venture deal with a subsidiary of Anglo American, Anglo will have the right to retain up to 70% ownership in the joint venture.
Altech Chemicals Ltd (ASX:ATC) has made strong progress with the construction of its Silumina Anodes™ pilot plant project in Saxony, Germany.
The company revealed its ‘game-changing’ technology of incorporating high-capacity high-purity alumina-coated silicon and graphite in lithium-ion batteries and is in on a fast track to get the patented technology to market.
Power Metal Resources PLC (AIM:POW) has completed its 2,404m diamond drill programme at Molopo Farms, Botswana which targeted large-scale nickel and platinum.