Advanced manganese developer Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) continues to efficiently progress key activities in China as it works towards becoming a near-term producer of battery-grade manganese sulphate.
Today the company has provided an update on the progress of its China-based manganese sulphate and lithium manganese iron phosphate (LMFP) battery strategy, having assembled its in-country team and commenced key workstreams.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) saw its quarterly revenue grow by 30% year-over-year in the third quarter of 2023, according to its latest financial results.
That translates into year-over-year growth of 97% in the first nine months of 2023, CEO Evan Gappelberg noted.
Canadian oil producer Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF) holds substantial upside potential for investors with its assets in Türkiye, according to analysts at Echelon Wealth Partners.
In a recent analyst report, Echelon pinned a Speculative Buy recommendation on the stock, setting a target price of C$0.75.
Plexus Holdings PLC (AIM:POS), an AIM-quoted oil and gas engineering services business, is “on the road to recovery”, Ian Mcnally, a research director at brokerage Cavendish Financial, said on Wednesday.
The owner of the proprietary POS-GRIP friction-grip method of wellhead engineering reported its preliminary full-year results for the year ended 30 June 2023 on Wednesday.
Following JLEN Environmental Assets' (LSE:JLEN) positive results, Stifel has upgraded its rating to 'positive', saying it has "greater comfort" on leverage and commitments, with the expectation of some portfolio sales to reduce debt in the months ahead.
With leverage at the fund level of 16% of net asset value, plus project leverage resulting in combined leverage of 40% of NAV, JLEN is one of the lowest levered funds.
Endeavour Mining is heading into 2024 in good shape, according to analysts at Barclays, helped by geopolitics and its own efforts.
An upcoming resource upgrade on Tanda-Iguela should trigger NPV upgrades, says the bank while the gold price looks interesting given ongoing elevated geopolitical risk, low current VIX levels and record central bank buying.
Cordiant Digital Infrastructure Ltd's (LSE:CORD) interim results showed a relatively muted net asset value (NAV) performance as a positive underlying valuation movement was mostly offset by currency swings and discount rate headwinds, said analysts at Jefferies.
NAV decreased to 112.7p at end-September from 113.4p, as the 8.7% increase in underlying valuation met a -3.8% change in the discount rate on the opening NAV and -2.6% from FX.
Gold and silver miners continue to shine benefiting from the recent rally in precious metals prices.
The price of gold has risen 2.5% this week alone, taking it back above the $2,000 an ounce mark, currently trading at $2,038.73/ounce, while the price of silver has enjoyed an even better week, up 5.7%.
Cellular Goods said its 'Look Better' skincare range is now available to purchase in the Netherlands, Denmark, and Belgium.
The group’s rejuvenating skincare range, which includes its best-selling Rejuvenating Face Serum, Rejuvenating Night Cream and Nourishing Face Oil, is being made available alongside its SPF25 Rejuvenating Day Cream, Rejuvenating Day Mousse, and Calming Cannabinoid After Shaving Moisturiser.
BioHarvest Sciences Inc. (CSE:BHSC, OTC:CNVCF) has reported a more than doubling in third-quarter revenue for its flagship VINIA product and said it is “laser-focused” on reducing production costs as it brings more scale into the business.
The company reported year-over-year growth of 113% for VINIA to US$3.24 million, and sequential growth of 18% from 2Q, as it grew customer numbers and total subscribers.
BioVie Inc (NASDAQ:BIVI), the clinical-stage company specializing in drug therapies for neurological disorders, revealed new results from the Phase 3 trial of NE3107 in patients with mild to moderate Alzheimer's Disease (AD).
The trial, initiated during the COVID-19 pandemic, enrolled 439 patients across 39 sites.
Quadrise PLC (AIM:QED) has made impressive progress recently in all areas, according to broker Shore Capital, though it sees the shipping and alternative fuel areas as having the most upside.
The group’s proprietary bioMSAR and MSAR fuels for marine and industrial usage have the ability to significantly reduce both fuel costs and emissions, said the broker.
Empire Metals Ltd (AIM:EEE) climbed to a five-year high as the Aussie-based explorer published more impressive-looking drill results from its Pitfield project in Western Australia.
Titanium mineralisation extended at hefty grades almost from where it put the drill bit in the ground until it stopped at 350 metres (m), the junior reported in its latest update.
Mosman Oil and Gas Ltd (AIM:MSMN) has updated on its operations whilst announcing a £250,000 equity raise.
The North America-focused, London-listed small-cap said it sold 2 billion new shares priced at 0.0125p, raised by broker CMC Markets.
Plexus Holdings PLC (AIM:POS) reported a smaller annual loss and said it expects to return to profits this year as the drive to reduce leaks and other emissions from the oil and gas industry is opening a new chapter in its story.
The AIM-quoted engineering firm, known for its POS-GRIP wellhead technology, reported revenue of £1.5 million for the 12 months to 30 June 2023, compared to the prior year's £2.3 million.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has reported a near doubling of quarterly oil and natural gas revenue, which reached US$13.9 million, up from US$7.6 million recorded in the same period a year ago.
Net income for its third quarter increased to US$7.1 million versus US$2.04 million a year ago, whilst Arrow reported earnings (adjusted EBITDA) of US$9.8 million compared to US$4.6 million.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has announced the successful close of its A$9.9 million equity raise, which it described as oversubscribed.
Domestic and international institutional and sophisticated investors bought new shares priced at 0.45 cents per share (equivalent to 0.23p) in the placing, it said.
Cordiant Digital Infrastructure Ltd (LSE:CORD) announced a 2p per share interim dividend for the six-month period to 30 September 2023 in line with its 4p full-year target as it reported a solid performance from its portfolio companies.
A total return of £9.4 million, or 1.2p per share, was reported for the period, 1.1% of opening net asset value (NAV) excluding dividends.
Empire Metals Ltd (AIM:EEE) said it recorded more significant intersections at Pitfield that confirm it is a world-class, district-scale titanium mineral system.
Assays from two holes drilled to a depth of 350 metres (m) included 297m of TiO2 (titanium dioxide) at an average grade of 6.1% in one hole and 173m at 5.76% in the other.
Arecor Therapeutics PLC (AIM:AREC) announces an expanded collaboration with Eli Lilly and Company that will see the former's Arestat technology used to develop a new enhanced liquid formulation of an unnamed product sold by the American drugs giant.
Lilly will finance the development and holds an option to acquire rights to this innovative formulation and related intellectual property.
Critical minerals-focused Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF) will bolster its financial skillset through the appointment of senior finance executive Stephen Motteram to the role of chief financial officer (CFO), effective January 29, 2024.
The company expects to benefit from Motteram’s more than 20 years of international experience in banks and commodities trading firms, including Noble Group and National Australia Bank.