Ocean Power Technologies Inc (NYSE-A:OPTT) has announced a 52% increase in its fiscal third quarter 2023 revenue to $0.7 million, which was driven by sales of WAM-V autonomous vehicles and an increase in strategic consulting services.
The company said total orders for the quarter rose to $0.8 million from $0.7 million during the same period last year.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) is seeing “operational success” on the Tapir Block in the Llanos Basin of Colombia, according to analysts at Canaccord Genuity (TSX:CF, LSE:CF).
The energy firm reported earlier that its second well in the company's 2023 drilling programme at the Rio Cravo Este field (RCE) on the Tapir licence reached total depth (TD) at 8,053 feet true vertical depth (TVD).
ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) has reported that its recent Phase 2 geological field review and sampling program at Fish Lake Valley in Nevada has resulted in numerous new occurrences of lithium values exceeding 1,200 parts per million (ppm) lithium with the highest surface value to date at 1,418 ppm lithium.
The company also noted that boron anomalies up to 1,964 ppm occur with and adjacent to surface lithium anomalies.
BioVie Inc (NASDAQ:BIVI) revealed that it had paused patient enrollment in its Phase 2b clinical trial evaluating BIV201 for the treatment of refractory ascites after seeing encouraging data from the first 15 patients in the study.
Ascites is a common complication of advanced liver cirrhosis involving the large accumulation of fluid in the abdomen, often exceeding 5 liters, due to liver and kidney dysfunction. The US Food and Drug Administration (FDA) has never approved a drug to treat ascites, and once patients reach the refractory stage the one-year survival rate is only approximately 50%.
Pan African Resources’ shares should run strongly, believes Peel Hunt, after the gold producer completed financing for the Mintails project.
Analysts believed that the potential need to turn to the market to complete the financing was “weighing heavily on the share price.”
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has provided an update on the drilling activity at Rio Cravo Este (RCE) oil field on the Tapir Block in the Llanos Basin of Colombia, noting that the RCE-4 well was spud on March 1, 2023, and reached total depth on March 8, 2023.
In a statement, Marshall Abbott, CEO of Arrow commented: "RCE-4 was drilled quicker than any other well on the Rio Cravo structure to date. The team's growing experience with the play is resulting in more efficient operations and lower costs. The log results of RCE-4 are in line with our expectations for the well. This is the fifth well drilled by Arrow on the Tapir block and it has confirmed the continuity of oil-bearing intervals seen in adjacent wells.
Roquefort Therapeutics PLC (LSE:ROQ, OTCQB:ROQAF) said it has no exposure to Silicon Valley Bank (SVB).
The collapse of the US lender has affected a number of technology and life sciences companies listed here in the UK.
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has requested a temporary suspension of trading in its shares on AIM as it assesses the impact to the business of the collapse of Silicon Valley Bank (SVB).
Of the US$13.9mln of cash it had at the end of last month, US$1.5mln was in a Wells Fargo account, while US$12.4mln was with SVB.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said it has completed a 400mln rand (US$21.6mln) transaction with Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, as the final component to the funding package for construction of the Mintails Project.
Following the successful issue of the group’s inaugural Domestic Medium Term Note programme of 800mln rand (US$43.2mln) in December 2022, and receipt of a 1.3bn rand (US$70.3mln) credit approved and underwritten term sheet from RMB for the senior debt tranche of Mintails Project funding, the full upfront capital of 2.5bn rand (US$135.1mln) has been secured with the transaction.
Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) has said the proposed sale of La India project in Nicaragua is now entering the end of its first phase, with various parties having conducted site visits and others ongoing.
Three formal expressions of interest, including two non-binding offers have been received by the company, and further offers are expected as nine companies are under a non-disclosure agreement.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it has identified significant copper mineralisation at Xarxar in the Gadabay region of Azerbaijan and an initial exploration model of the mineralisation has been prepared
The AIM-listed gold, copper and silver producer, which is primarily focused in Azerbaijan, noted that a geological block model and open pit mining study are currently being developed and will be published in the coming weeks.
Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF), the developer of novel immunotherapies for treating cancer and infectious disease, has confirmed that it has no banking relationship with either Silicon Valley Bank (SVB) or Silicon Valley Bank UK, and therefore no cash on deposit in them.
This announcement follows the closure of SVB by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, and the statement by the Bank of England noting that it has placed SVB UK into resolution.
World Copper Ltd (TSX-V:WCU, OTCQX:WCUFF) has said that, further to its news release on January 25, 2023, the sale to Wealth Minerals Ltd of 2 million shares in the capital of Electric Royalties Ltd for a purchase price of $0.25 each has now closed. On closing, the company received the aggregate amount of C$500,000 cash.
Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) has said that in accordance with its 2022 long-term incentive plan approved by shareholders at its November 10, 2022, meeting of shareholders, the company has issued 421,007 stock options, 313,409 restricted share units (RSU) and 285,417 deferred share units to certain directors, officers, employees and contractors of the company. The DSUs vest immediately, but may not be exercised until a director or officer ceases to serve the company. The RSUs will vest on the first anniversary of the grant date, and will be settled in cash or shares. The stock options grant holders the right to purchase common shares of Electra at Friday’s closing price of $2.40, and will vest in three equal tranches on the first, second and third anniversary of the grant date over a four-year period. All grants are subject to the approval of the TSX Venture Exchange.
Westwater Resources Inc (NYSE-A:WWR) has announced that its annual general meeting of shareholders will be held on Wednesday, May 10, 2023, at 9:00 am central daylight time. The meeting will be held virtually, and meeting materials will be mailed to shareholders of record on or about March 20, 2023.
Outlook Therapeutics Inc (NASDAQ:OTLK) has said that it is aware that the Federal Deposit Insurance Corp. has taken control of Silicon Valley Bank (SVB). Outlook Therapeutics said it does not hold any deposits or investments at SVB.
Genprex, Inc. (NASDAQ:GNPX) has announced that its chief manufacturing and technology officer, Dr Hemant Kumar will participate in the upcoming Bioprocessing Summit Europe Conference taking place March 14-16, 2023, at the InterContinental Barcelona- Fira Center, Barcelona, Spain. Dr Kumar will deliver a presentation titled ‘Managing Headwinds Due to CDMO's M&A Activities and Its Impact on Gene Therapy Companies and Innovation’ on Wednesday, March 15 at 8.30am Central European Time. "Dramatic increase in mergers and acquisitions within the global CDMO market has changed the landscape for advancing the development of disruptive innovative gene therapies. This has encouraged CDMOs to provide integrated services to advance drug development but can be a financial burden on clinical stage companies due to potentially higher costs for services and licensing fees, and can add delays in timelines for regulatory submissions," noted Dr Kumar. "Managing these headwinds through better partnership with CDMOs is key to overcoming these challenges as together we work to bring life-altering new gene therapy treatments to patients battling diseases of unmet medical need."
Phunware Inc (NASDAQ:PHUN) will hold a conference call on Thursday, March 23, 2023, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2022. Financial results will be issued in a press release prior to the call. Phunware management will host the conference call, followed by a question and answer period. Dial-in information as follows: U.S. dial-in: 888-506-0062; International dial-in: 973-528-0011; Access Code: 446606. The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website at investors.phunware.com.
Wellbeing Digital Sciences (NEO:MEDI.AQN, OTCQB:KONEF) CEO Najla Guthrie will participate virtually at the upcoming Cantor Fitzgerald Psychedelic Clinics panel discussion on March 15, 2023. Guthrie will participate on the “Weednesday with Pablo Series- Psychedelics Clinics” panel at 11:00 AM Eastern Time. For more information about the conference, or to schedule a one-on-one meeting with Wellbeing management team, please send an email to Natalie Dolphin at ndolphin@wellbeingdigital.co.
Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF) announced the filing of a technical report regarding its 100% owned Altan Tsagaan Ovoo (ATO) project located in Mongolia. The company said the technical report, titled “Altan Tsagaan Ovoo Project (ATO) 2022 Mineral Resources & Reserves Report (NI 43-101),” is available under the company’s profile on SEDAR at www.sedar.com and on the company’s website at www.steppegold.com.