Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) said the Minerals Income Investment Fund (MIIF) of Ghana has expressed an interest in investing up to US$30mln in the company.
Discussions are ongoing, said the statement, though it added there can be no certainty that any such investment will be made by MIIF or on what terms such an investment might be made.
City broker finnCap has repeated its 1,250p price target for shares in MP Evans Group PLC (AIM:MPE) following the commission of a new palm oil mill in Sumatra, taking the total of its mills to six.
The stock traded sideways in the wake of the announcement at 822p. finnCap, the company’s corporate broker reckons it is worth 1,250p.
A City broker has lauded the investment strategy of Zephyr Energy PLC, after two material announcements in as many days.
On Tuesday the oiler said it was ready to put its latest well in Utah’s Paradox Basin into production.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) said it has completed the clean-out of the sand blockage at the Alkaid#2 well in Alaska and will move on to flow testing.
Production tubing has been replaced with a number of electrical and hydraulic issues with the rig also now all resolved.
Arecor Therapeutics PLC (AIM:AREC), the UK biopharmaceutical group, has been granted patents in India and the US, protecting its proprietary formulations of differentiated biopharmaceutical products.
The company said they will add to the group's extensive patent portfolio, which protects its proprietary diabetes portfolio, and showcase the potential of the company's Arestat technology in the development of enhanced formulations of high-value biologics.
MP Evans Group PLC said a new palm oil mill has now been commissioned at its Musi Rawas estate in South Sumatra, making six in total.
This 60-tonne-per-hour facility is now processing all the fresh fruit bunches from the group's own areas and those of its associated scheme smallholders.
Ora Banda Mining Ltd (ASX:OBM) has doubled its underground gold resource to more than 300,000 ounces at 4.1 g/t, according to an updated mineral resource estimate (MRE) and maiden underground ore reserve for the Riverina Project.
Riverina MRE update.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has stuck with its production forecast this year in spite of problems at its Barberton mine in the first half.
Gold production this year (to end-June 2023) should be between 195,000-205,000oz, said the South Africa-based miner, even after a fall in the first half to 92,300oz from the previous year's record 108,100oz.
Active Energy Group PLC, the renewable energy business, has received two trademarks for the registration of CoalSwitch in the US and UK.
AEG described this as a significant advance as it looks to expand its intellectual property portfolio through the continuous development of its technology.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) said its full-year results comfortably exceeded expectations, posting 2022 revenues of US$42.9mln from its non-operated Williston Basin assets in North Dakota, with US$7.4mln of that figure coming in the final quarter.
The number jumped from US$6mln 12 months earlier and compared with guidance ahead of Wednesday’s update of US$35mln-US$40mln.
Bango PLC (AIM:BGO, OTCQX:BGOPF), the AIM-listed global platform for data-driven commerce, has announced a new Digital Vending Machine deal with the Japanese employee benefits platform Benefit One Inc.
Bango Digital Vending Machine technology enables a wide range of subscriptions to be offered to consumers, significantly reducing development time and effort.
Futura Medical PLC (AIM:FUM, OTC:FAMDF) has said it will present data on its MED3000 product at the European Society for Sexual Medicine Congress in Rotterdam, The Netherlands, which kicks off on Thursday, February 16, 2023.
MED3000 is a breakthrough gel formulation for the treatment of erectile dysfunction (ED), with a unique evaporative mode of action that is clinically proven to help men achieve an erection within 10 minutes.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it is fully committed to Phase II drilling at Rukwa with a re-drill of the Tai prospect, where a new well to a depth of 1,300 metres is still planned.
Discussions are underway with several rig groups with a preferred contractor identified while talks with another operator regarding rig sharing options are also ongoing, it said in a presentation ahead of its AGM.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) was identified among the top performing gold stocks, in a note by analysts at Canaccord, which claims equity valuations in the sector still remain inexpensive.
As the gold price trades about 2% in the year-to-date the S&P/TSX Gold index of stocks is up around 3%.
S & U PLC (LSE:SUS) named Ed Ahrens as an executive director with immediate effect.
Ahrens first joined the speciality motor finance and property bridging lender in 2014.
Zephyr Energy PLC, the Rocky Mountain oil and gas company, said State 36-2 LNW-CC “would appear to be another productive well on its acreage” in Utah’s Paradox Basin.
As reported on 19 January 2023, the well intersected a major natural fracture network in the Cane Creek reservoir, resulting in a significant influx of hydrocarbons into the wellbore.
Emmerson PLC (AIM:EML, OTC:EMSNF) has appointed a syndicate of leading international and Moroccan banks as initial mandated lead arrangers (MLA) to co-ordinate and fund dual-tranche debt financing facilities for the development of the Khemisset potash project.
The four MLAs are ING Bank, Banque Centrale Populaire, Bank of Africa and one further international European Bank.
Arecor Therapeutics PLC (AIM:AREC), the biopharmaceutical group, has signed an additional formulation agreement with one of its top five global pharmaceutical partners, marking the eighth new technology partnership since the company's IPO in June 2021.
The collaboration will utilise Arecor's proprietary formulation technology platform, Arestat, to develop improved, stable, high concentration, liquid formulations of its proprietary product.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) said Ricca Resources Limited is undertaking a private placement ahead of its listing on the Australian Stock Exchange (ASX).
According to a statement from the lithium exploration and development group, the closing date for Ricca’s pre-IPO placement is 24 February.
Ncondezi Energy Ltd (AIM:NCCL, OTC:NCDZF), the African-focused power development company, said it is seeking shareholder approval at its extraordinary general meeting to be held in Cape Town later this month to change its name to Solgenics Limited.
According to a statement, the change “reflects the company’s transition into a dedicated renewable energy development company".
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) is looking to gain "commercial traction" for its medical imaging product, XENOVIEW, the first and only FDA-approved hyperpolarised MRI contrast agent, said chief executive Richard Hullihen in an investor update.
The company, which finished 2022 with US$16mln in cash, plans to maximise commercial sales of XENOVIEW and pursue collaborations with pharmaceutical and MRI companies and other strategic partners to fund future applications of the company's technology.
Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) has announced what chief executive Lindy Durrant described as "highly encouraging" results from the company’s phase I clinical trial of its Covid vaccines.
The COVIDITY study was conducted at the University of Cape Town Lung Institute in South Africa and tested the safety and immune response of two candidates, SCOV1 and SCOV2.
Pantoro Ltd (ASX:PNR) has moved to gain 100% of the 4.79-million-ounce Norseman Gold Project in Western Australia through a merger with 50% owner Tulla Resources Plc (ASX:TUL).
The two companies have entered into a binding merger implementation deed for an all-scrip merger of Tulla and Pantoro via a scheme of arrangement under the Companies Act 2006 (UK).