Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) reports it raised a total of around $11 million across its recent placement, entitlement offer and shortfall as it develops a new class of synthetic anti-infectives designed to address the urgent global health problems of antibiotic-resistant superbugs and emerging viral pathogens.
The capital raised will fund various clinical trials, building out Recce’s infectious diseases portfolio, geographical expansion, and for general working capital.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it expects a delay of up to two weeks in drilling the Tai-3 well in Tanzania after the Predator 220 rig suffered a component failure.
“In order to undertake the necessary repairs, mechanical parts will need to be brought in from outside of Tanzania and, as a result, will require us to temporarily suspend operations whilst these repairs are carried out,” the company said in a statement.
Critical Mineral Resources PLC (LSE:CMRS) jumped 16% as investors warmed to the latest update from its accelerator operations in Morocco.
Anzar, the first of the projects identified as having potential. has shown exceptionally high copper and silver grades from initial field exploration, it said.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) told investors it was unaware of any operational or specific reason for its recent share price fall and confirmed that third-quarter production was in line with expectations.
The America-focused oil producer said that “given current equity market dynamics” it is longer pursuing a stock market listing in the United States.
hVIVO PLC has hailed the success of an influenza human challenge study carried out at its specialist facilities in London.
Researchers were able to establish clinical proof of concept for Neumifil, a broad-spectrum antiviral candidate developed by Pneumagen, a clinical-stage biotech firm.
Critical Mineral Resources PLC (LSE:CMRS) said sampling at the Anzar copper-silver project in Central Morocco included exceptionally high copper and silver grades.
One hand sample returned 40.12% copper and 272 grams per tonne (g/t) silver while CMR said channel sample results elsewhere were "outstanding".
Light Science Technologies Holdings PLC (AIM:LST) (LSTH), a leader in controlled environment agriculture technology and contract electronics manufacturing (CEA), has enlisted Richard Mills, via his agency Arkif Limited, to spearhead global partnerships.
The move aims to market the company's NurturGROW lights, SensorGROW sensors and Tomtech control systems in regions less affected by high input costs, including North America, Australasia and specific Middle Eastern locations.