ATOME’s expansion of its Villeta plant in Paraguay into fertiliser adds material long-term value and gives access to a considerable and growing market, suggests Liberum.
Baker Hughes, meanwhile, coming on board as a 6.6% shareholder, establishes a relationship with a significant player in the hydrogen value chain and validates ATOME’s strategy, it adds.
Coinsilium Group Ltd's (AQSE:COIN, OTCQB:CINGF) new acquisition promises to give the Web3-advisory firm a base from which to scale-up.
It comes as management seek to capitalise on an emerging market opportunity, as a continuing recovery in crypto industries and web3 ventures gathers further momentum.
Ilika said trading for the year ended 30 April 2023 had been in line with management expectations, while final terms are being discussed over its partnership with Cirtec.
Revenue for the twelve months will be approximately £0.8mln (2022: £0.5m), with an underlying (EBITDA) loss of £7mln (2022: EBITDA loss of £6.4m).
Helium One Global has had its share price target tweaked upwards at from broker Liberum following the new CRR published today for the Tai prospect in Tanzania.
Describing the increase as “material, Liberum now puts a fair price on the shares of 20p, up from 19p, and against 7.1p, up 4%, in the market.
Quadrise PLC (AIM:QED) has paused its fuel trial in Morocco due to unexpected mechanical issues.
The AIM-listed company (QED) began an industrial demonstration test this week, in line with the client's production calendar.
Cordiant Digital Infrastructure Ltd (LSE:CORD) said its portfolio company, České Radiokomunikace (CRA), has signed customer agreements to broadcast three new channels.
The investor in digital infrastructure said the signings of these revenue-generating agreements were made possible by the Czech Republic company’s investment in DVB-T2, the latest in broadcast technology.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it received independent verification of the prospective resources at the Tai prospect in Tanzania, with a new competent person's report (CPR) indicating a 61% upgrade in the size.
Reserves auditors ERCE now estimate Tai's unrisked prospective resources (2U) at 2.8bn cubic feet (Bcf) and total gas resources at 212.2Bcf across all formations.
Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) said it has now completed the acquisition of the Tokenomi Web3 advisory service business, a deal flagged in March.
Tokenomi’s advisory client book currently consists of seven retained Web3 blockchain project clients, including three additional deals closed after the original heads of agreement.
Chesnara PLC (LSE:CSN) said it has entered into a long-term strategic partnership with fintech SS&C, which will provide policy administration services to Chesnara UK to support its acquisition ambitions.
A statement from the insurer said SS&C’s servicing of its books of business will be delivered via its “strategic life and pensions operating model”.
ANGLE PLC (AIM:AGL, OTCQX:ANPCY), the developer of the Parsortix liquid biopsy, said that its long-serving chairman Garth Selvey will step down from the role and the company's board in September.
Dr Jan Groen, currently an independent director of the company, will replace him.
ATOME Energy PLC (AIM:ATOM) has received a cash injection of £2.4mln from US engineering giant Baker Hughes and also announced plans to pivot its Villeta green hydrogen plant in Paraguay to produce fertiliser.
Baker Hughes is taking a 6.6% stake in AIM-listed ATOME and will become its largest shareholder by purchasing 2.53mln new shares at 95p, a small premium to Friday’s close.