Ilika PLC (AIM:IKA, OTCQX:ILIKF) continues to make 'strong progress' across its Goliath and Stereax divisions, according to investment bank Liberum, reacting to the solid-state battery maker's latest market update.
It said the deal with Cirtec, concluded last August, served to significantly de-risk Ilika’s mm-scale, ultra-thin product offering "while also allowing the company to place a greater focus on its high-growth electric vehicle division division".
After a period of caution, 2024 offers the potential for a significant uptick in private equity (PE) realisations, which forthcoming results from specialist investment trusts Pantheon International PLC, HgCapital Trust (LSE:HGT) and Abrdn Private Equity Opportunities could highlight.
Currently, shares of most of the sub-sector of PE trusts are trading at sizeable discounts to net asset values (NAVs), though the average has narrowed from a low of around 40% to nearer 30%.
Mosman Oil and Gas Limited has announced what is described as a sensible minor amendment to its partnership with Greenvale Gas in Australia.
The company, updating investors on its EP145 asset, told investors that the amendment extends the right to terminate the agreement from 31 January to 30 March 2024, acknowledging the ongoing approval process for the proposed transaction that was announced in October.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) chief executive Neil Herbert has welcomed notifications revealing that major shareholder Assore International has increased its holding in the company.
Assore’s holding increased to 28.4% from 25.06%, while Piedmont Lithium (ASX:PLL, OTC:PLLTL) now has a notifiable stake as it declared a 5.2% holding in Atlantic Lithium.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) said it is making good progress on its Steareax miniature solid-state batteries and Goliath electric vehicle (EV) power units towards commercial sales.
Over the next six months, it will work on a commercial ramp-up for Stereax with US partner Cirtec and in the UK towards requests for quotations from car makers for Goliath.
NetScientific PLC (AIM:NSCI) said its portfolio company Glycotest has received US$1 million of new financial backing from Fosun Industrial, the Chinese conglomerate.
Part of a US$10 million licensing and investment deal agreed in 2019, the cash injection will be used to advance Glycotest's liver disease diagnostics.