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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Proactive news headlines: Saietta, 88 Energy, Scancell, ATOME, Crossword and more

Metals One PLC (AIM:MET1) is to start drilling its Rauta 9-11 licence at the Black Schist Project (nickel, copper, cobalt, zinc) in Finland after the receipt of a permit extension.

A 1,600-metre diamond drilling programme at the R1 target will start next week, it added.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) said a further two people from a group of hard-to-treat melanoma patients in its SCOPE study have responded to its drug regimen, taking the number to 11 out of 13, or an objective response rate (ORR) of 85%.

In that total, one person has had a complete response. The plan now is to recruit a further 18 people to the next phase of the study, which would statistically demonstrate that SCIB1, in combination with doublet therapy, exceeds currently achievable ORRs.

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Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) said it recorded a continuous pegmatite interval of 106 metres (m) in resource drilling at its Ewoyaa deposit in Ghana, the longest in its 2023 drilling programme.

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Frontier IP Group PLC (AIM:FIPP) has announced that Jim Fish has decided to step down as the company’s chief financial officer after 10 years of service.

Fish will step down no later than May next year, Frontier IP said in a statement, when he will take up a new role within the company as portfolio finance director.

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88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has launched a A$9.9 million (£5.3 million) placing with the proceeds earmarked to support its ambitions in Alaska and Namibia.

The new shares are to be sold at 0.45 Australian cents, which is an 18.20% discount from yesterday’s closing price on the Australian Securities Exchange.

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ATOME Energy PLC (AIM:ATOM) said it is no longer pursuing a hydrogen mobility project in Paraguay and has terminated an agreement with Clean Power Hydrogen PLC (AIM:CPH2) for an electrolyser.

Instead, it is now prioritising the development of the Villeta project, which will produce green fertiliser, and advancing plans for the larger Yguazu project, both in Paraguay.

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Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF), the Web3 investor, has inked heads of terms with Indorse ahead of it increasing its stake in the Singapore-based blockchain development company from 10.156% to 24.91%.

The transaction, valued at £1.95 million, will be satisfied through the issuance of 65 million new Coinsilium shares, priced at 3p per share.

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Ariana Resources PLC (AIM:AAU) said drill results from the Kizilcukur project in Turkey indicate a high-grade, technically straightforward resource that should augment the existing gold operation at Kiziltepe.

Resource and extension drilling tested three zones of mineralisation at the deposit with the best results 6 metres (m) at 4.75 grams per tonne (g/t) gold and 7.3m at 2.43g/t while outcropping samples contained grades as high as 15.4g/t.

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