Mosman Oil and Gas Ltd (AIM:MSMN) has agreed a farm-in deal for its EP 145 project in Australia’s Northern Territory with Greenvale Gold.
Greenvale can earn up to a 75% stake in the project through the payment of A$160,000 cash, paying for A$2 million of seismic as part of a work programme and a well with costs capped at A$5.5 million.
Stifel, the American investment bank, maintained a 'buy' rating for shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) after the company's prelims - figures that recorded a better-than-expected 48% surge in revenues to US$57.8 million.
It also highlighted a 91% increase in high-margin royalty income as it gave a generally upbeat assessment of the business' prospects.
Tertiary Minerals PLC (AIM:TYM) got a handy leg-up following soil sampling results from the C1 target area at its Mushima North copper project in Zambia.
X-Ray fluorescence (pXRF) results from targets A1 and A2 outlined a “significant open-ended copper anomaly with soil samples above 80ppm [parts per million] covering an area of 3 km long by up to 1.5 km wide, peaking at 280ppm copper”, said the statement.
In an exclusive interview with Thomas Warner from Proactive, Dr Markku Jalkanen, chief executive of Faron Pharmaceuticals Limited (AIM:FARN, OTC:FPHAF), discussed the encouraging results from their ongoing phase I/II trial called BEXMAB.
The study aims to evaluate the efficacy of bexmarilimab in treating acute myeloid leukaemia (AML) and myelodysplastic syndromes (MDS). The results have exceeded expectations, showing a 50% remission rate among patients who had relapsed or were resistant to standard treatments.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors drilling was back underway in Tanzania after a rig repair, with the Tai-3 well programme resuming progress down to its planned depth of 1,100 metres.
Drilling resumed at 14:00 BST on Sunday 15 October, the company confirmed.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has reiterated its revised production guidance and does not expect any production from its flotation and agitation plants at Gedabek in Azerbaijan this year.
Processing at the mine was halted while an independent review of the tailings facilities was carried out and did not find evidence of environmental contamination.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) said revenues for the year increased by a better-than-expected 48% to US$57.8 million as its eye-tracking technology gained significant commercial traction, particularly in the automotive market.
In a progress report alongside full-year results, investors were also told the business would be cash break-even during full-year 2025, while revenues are expected to have more than doubled to US$125 million by 2026.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), a leader in advanced computer vision technology, has entered into a strategic partnership with Collins Aerospace, a business unit of defence giant, Raytheon Technologies Corp (NYSE:RTX).
Together the pair aims to develop a pioneering fatigue risk management solution for the commercial aviation sector. It will be based around Seeing Machines' embedded Driver Monitoring Engine (eDME) and will be optimised using its Occula Neural Processing Unit