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The Markets
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Archive

Proactive news headlines: Ondine, Arrow, Andrada, Metals One and more

Antipa Minerals Ltd (ASX:AZY) is making strides at the Minyari Dome Gold Copper Project in the Paterson Province of Western Australia, where it is working to extend the existing gold-copper mineral resource and make greenfield discoveries.

More than 5,300 metres of reverse circulation (RC) and diamond drilling have been conducted so far during the nearly 20,000-metre phase two 2023 Minyari Dome exploration program, with a focus on the GEO-01 prospect.

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Infrastructure funds’ share prices bounced this week after better-than-expected US inflation data sent gilt yields into a spiral, surprising analysts by the extent to which share prices of investment trusts are being moved by gilt and bond yields.

Stifel analysts, in a research note on Wednesday, suggested there was room for further recovery, if inflation continues to stabilise and gilt yields decline further.

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Foresight Solar Fund Ltd (LSE:FSFL) announced the sale of a 50% stake in its Lorca portfolio in Spain in a deal worth €26.9 million, which the company said was a 21% premium.

Proceeds are earmarked for debt repayment. It will be used fully to further pay down a variable rate revolving credit facility to lower gearing and reduce interest costs.

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Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has delivered "material and exciting" results from the Tapir block in Colombia.

The Rio Cravo Este-6 (RCE-6) well at the Tapir block, within Colombia’s Llanos Basin, has now been put into production – after the well cut a 16-foot pay zone in the upper Carbonera C7 reservoir. It is presently flowing, without the pump, at a rate of 834 barrels of oil per day (417 bopd net to Arrow).

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Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF), the biopharma company specialising in diseases with high unmet medical needs, has announced its participation in the 18th International Congress of Immunology (IUIS) in Cape Town, South Africa, from 27 November.

The company will present an abstract on POLB 001, a promising therapy for severe influenza and cytokine release syndrome (CRS) associated with cancer immunotherapies.

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Metals One said it has received the first stage payment of £250,000 from Gunsynd, with it to receive shares equivalent to 6.25% of the voting rights of Metals One Finland.

The payment represents the first stage of Gunsynd's commitment to subscribe for 25% of the voting rights of Metals One Finland, at an aggregate subscription price of £1,000,000, the statement added.

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A groundbreaking study published in the peer-reviewed Canadian Journal of Surgery has put forward a strong recommendation for the adoption of nasal photodisinfection as a standard procedure in spine surgeries.

A process pioneered by Ondine Biomedical Inc, which has developed the Steriwave system, photodisinfection uses a light-activated agent to destroy bacteria in the nasal cavity, reducing infection risk without antibiotics.

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Cellular Goods PLC (LSE:CBX) said its cannabigerol-powered ‘Look Better’ skincare range can now be shipped to online customers in Austria, Italy, Portugal and Spain.

The company’s products, which use lab-based and biosynthetic production methods for wellness and sustainability solutions, can be purchased through its online e-commerce portal.

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