Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) said "rapid progress" is being made at its Phalaborwa phosphogypsum project in South Africa.
Separated rare earth oxides produced in the back-end pilot plant are the most important milestone to date, it added.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has told investors that the Tai-3 well has successfully encountered helium shows whilst drilling in the Lake Bed Formation and the Karoo Group.
The well programme continues, meanwhile, the exploration company also noted that the Basement reservoir target has come in deep to prognosis and is yet to be reached.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it has engaged independent consultant NSAI to review Project Phoenix in Alaska, following what the company described as a “significant” new contingent resource being declared by Pantheon Resources in neighbouring acreage.
The company, in a statement, said it expects the industry consultant to be able to complete the maiden contingent resource estimate in November, and that it may result in Hickory-1 being confirmed as a discovery.
Powerhouse Energy Group PLC (AIM:PHE) has decided to defer its proposed joint development with Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) for a waste-to-hydrogen facility in Longford, Republic of Ireland.
Citing the need to review its overall project pipeline and assess the impact on its existing cash resources, it has decided to hit the pause button.
Quantum Blockchain Technologies PLC (AIM:QBT) has raised £2 million (before expenses) through a placing of shares at 1.5p per share.
Proceeds of the placing will be used by Quantum to pursue its research and development programme through additional hires, new hardware and an increase in software development.
Ora Banda Mining Ltd (ASX:OBM) has executed a binding joint venture and farm-in agreement with Brenahan Exploration Pty Ltd (BEPL), a subsidiary of Wesfarmers, selling 65% of its non-core mineral rights on the Davyhurst tenement package for a cash consideration of A$26 million along with a 2% royalty.
In this 65%/35% JV, BEPL reserves the right to solely fund A$15 million in exploration over the next three years, thereby increasing its stake to 80%.