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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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Proactive news headlines: Quadrise, Ilika, Ariana, MAFL and more

Tower Resources PLC (AIM:TRP) shares can be worth triple the current market price, that’s according to stockbroker SP Angel which today initiated its coverage of the energy transition firm with a ‘Speculative Buy’ rating.

It comes as Tower counts down and prepares its drill plans for what SP Angel describes as an attractive fast-track oil development opportunity and exploration upside.

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Quadrise PLC (AIM:QED)'s recent advancements in bioMSAR fuel technology, as detailed in their latest tests, have garnered positive reactions from industry analysts, including those at Shore Capital.

The broker's recent note underscores the significant potential of innovations in sustainable marine fuel, particularly in light of the global push towards greener energy solutions.

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Ilika PLC (AIM:IKA, OTCQX:ILIKF) shares rose by more than 22% this morning to 51.4p per share after it revealed its electric vehicle (EV) battery programme had achieved lithium-ion energy density parity.

The company said today that its Goliath large-format EV battery programme has achieved lithium-ion energy density parity, reaching its 2023 intermediate technology development target.

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Quadrise PLC (AIM:QED) stock got a boost today after it unveiled positive final results from the sustainable biofuel testing programme that it finished last month.

The results of the tests are expected to help Quadrise reach its objective of developing a commercially competitive net-zero fuel, ‘bioMSAR Zero’, to launch by 2030.

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Mosman Oil and Gas Ltd (AIM:MSMN) has told investors that production volumes at the Stanley project, in Texas, have improved following the installation of new surface and downhole equipment.

The phase of production optimisation leaves Stanley producing around 90 barrels of oil per day, Mosman said in a statement, which also noted that its operating costs had reduced.

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Critical Mineral Resources PLC (LSE:CMRS) (CMR) has picked up four new exploration permits in Morocco.

The permits are located in the Rabat and Beni-Mellal regions, span 80 square kilometers and are prospective for copper among other metals.

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Quadrise PLC (AIM:QED) has unveiled the latest results from its bioMSAR fuel testing that reveal new pathways towards sustainable marine and industrial fuels.

Ultimately, the idea is to create products that are not just lower in cost, but more efficient, safer, simple to use, and, crucially, generate the fewest harmful emissions.

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Ariana Resources PLC (AIM:AAU) said results from recent drilling at the Hizarliyayla area of the Salinbas project in Turkey have confirmed similarities with the nearby Hot Maden discovery.

Grades from 10 holes drilled so far include 2.8 grams per tonne (g/t) gold over a narrow width, though Ariana said the widths increase at depth with one intercept of 36 metres (m) at 0.17 g/t gold from 186m down.

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Ilika PLC (AIM:IKA, OTCQX:ILIKF) said its Goliath large-format EV battery programme has reached its 2023 intermediate technology development target, attaining lithium-ion energy density parity.

This milestone indicates that Ilika's Goliath solid-state pouch cell can now match the energy density of traditional lithium-ion pouch cells, boasting an energy density of 250 Wh/kg and a capacity of 0.715 Ah.

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