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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Oil & Gas

Proactive oil and gas highlights: Pantheon Resources, IGas, Serica and more

NextEnergy Solar Fund Ltd (LSE:NESF) said it has approved an 11% increase to its dividend target for the year to 31 March 2024.

The specialist solar fund will now target a dividend of 8.35p per ordinary share, up from 7.52p last year.

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Polarean Imaging said a first clinical scan utilising its XENOVIEW (xenon Xe 129 hyperpolarized) technology in the US has taken place at Cincinnati Children's Hospital.

A 19-year-old male with cystic fibrosis was scanned using XENOVIEW, it added.

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Shares in Ilika PLC (AIM:IKA, OTCQX:ILIKF) rose over 13% to 51p after it shipped its first stacked ultra-small batteries to customers, who waxed lyrical on the unique attractions of the Stereax cells.

Following the delivery of the first batch of its Stereax M50 cells to customer Blink Energy last month, today the solid-state battery pioneer said it had made the first shipments of Stereax M300 batteries with the cells in a stacked configuration.

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ImmuPharma PLC (AIM:IMM, OTC:IMMPF)’s focus for the current year will be on moving Lupuzor, its treatment for the autoimmune disease lupus, into a phase II/III clinical trial later this year.

Its progress towards pivotal testing in the second half could coincide with the first clinical assessment of the drug in patients with the progressive neurological disorder, chronic idiopathic demyelinating polyneuropathy (CIDP), investors were told.

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Genflow Biosciences PLC (LSE:GENF), a pioneering longevity firm, has announced a restructuring of its main board of directors and scientific advisory board (SAB) to align with its current objectives and priorities in the US, including the planned listing on the OTC market.

US-based non-executive director Tamara Joseph has been promoted to the role of chairperson of the board, recognising her extensive experience in financing and familiarity with the US public markets.

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Ilika has made the first customer shipments of its stacked Stereax M300 batteries as part of a series of planned deliveries to customers including CubeWorks and Lura Health.

Cubeworks has developed a next-generation cold store logistics sensor platform, while Lura Health has made a sensor that can fit into traditional orthodontic appliances and measure saliva with data sent to a smartphone.

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Cellular Goods PLC (LSE:CBX) rocketed to a six-month high after winning a product placement deal with multinational beauty retailer Sephora.

The shares more than tripled to 2p in early trading on the news that its Look Better skincare range will be added to the retailer's UK website later this month.

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Ondine Biomedical Inc (AIM:OBI) said its focus for the coming year will be the phase III clinical trial of its pioneering Steriwave photodisinfection technology in the US.

It also emphasised the "near-term commercialisation opportunities" for its product, which aims to prevent surgical site infections.

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Cellular Goods PLC (LSE:CBX), the skincare and wellness brand known for its premium products infused with lab-produced cannabinoids, inked a deal with international personal care and beauty giant Sephora.

Starting in the second half of May, Sephora's UK e-commerce platform will feature Cellular Goods' 'Look Better' skincare range, marking a strategic expansion of the company's retail footprint.

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AIM-listed bitcoin mining technology company Quantum Blockchain Technologies PLC (AIM:QBT) has achieved positive results in the latest testing phase of its proprietary bitcoin mining algorithm.

Tests carried out by the group’s R&D team demonstrated a theoretical 2.6-times increase in successful bitcoin mining compared to commonly used industry practices by uncovering unique properties in the SHA-256 space that other research teams have not detected.

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IXICO PLC (AIM:IXI, OTC:PHYOF) is predicting double-digit revenue growth in the second half along with a return to top-line growth in 2024.

It marks a successful end to a difficult period for the neuroscience analytics specialist following the unexpected cessation of a significant clinical trial.

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Shares in Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) jumped 12% in the wake of an encouraging trading update – one from which it emerged gross profit for the 12 months to 31 March 2023 had increased 170% year-on-year to £1.37mln.

Total production for the period was up 59% to 4,770 tons, while sales jumped 76% to £2.89mln. The basket price of graphite sold was up 17% at £726.

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Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) reckons it may have a tiger by the tail in the form of a district-scale lithium discovery in Arizona.

In an update, it said soil sampling results from its property indicated a 9-kilometre mineralised trend while drilling intercepted high-grade lithium-bearing minerals on multiple targets.

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Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has raised £7.52mln through a private placement of shares at a significant premium to Friday's closing price.

The new money along with the company's existing cash balance will be used to finance the completion and operation of the Phalaborwa pilot plant, finalise the Phalaborwa definitive feasibility study (DFS) and for general working capital.

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Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) recorded approximately US$400mln (£317mln) in net income in the first quarter of 2023, which included a gain of US$365mln on the fair value of its derived contracts, per today’s trading statement.

Adjusted EBITDA for the quarter was US$150mln with a realised cash margin of 54%.

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Cellular Goods PLC (LSE:CBX) said it has completed the all-paper acquisition of King Tide Carbon, which will see the health and wellness firm move into the area of carbon sequestration.

Investors were told: “This diversification of its portfolio is aimed at generating long-term shareholder value while still realising latent growth in the cannabinoid sector.

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Frontier IP Group PLC (AIM:FIPP, OTC:FGPPF) portfolio company Alusid has launched a range of mass-produced wall tiles made from its sustainable materials in outlets of Topps Tiles PLC (LSE:TPT).

Available in four colours online and in-store, the Principle tiles are made on industry-standard mass-production equipment from a minimum of 91% recycled industrial waste.

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Ora Banda Mining Ltd (ASX:OBM) is aiming to transform from a ~60,000 ounces per annum (kozpa) gold producer to more than 100kozpa within 2 years, underpinned by progressing high-grade underground opportunities and a strong focus on operational delivery.

Portal support works are underway and portal firing is planned for mid-May at the company’s Riverina Underground in Western Australia's Goldfields.

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The West Australian government has recognised the good work Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) is doing by sponsoring the company to attend BIO Korea 2023.

Recce is developing a new class of synthetic anti-infectives and was selected as one of three West Australian companies to attend BIO Korea 2023 and participate in the Australian Biotech Mission.

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The Markets
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