Itaconix PLC (AIM:ITX, OTCQB:ITXXF) saw revenues rise by more than 40% in 2023 as demand for its sustainable-based polymers grew in the cleaning and beauty sectors, especially in Europe.
In 2023, revenue rose to US$7.9 million from US$5.6 million, with underlying losses halved to US$925,000 (US$1.9 million) due to better margins, volumes and product utilisation.
Faron Pharmaceuticals Limited (AIM:FARN) said its former chief financial officer, Yrjö Wichmann, has returned to the role effective Monday (April 15), replacing James O'Brien, who is leaving to "pursue another career opportunity".
Wichmann served as Faron's CFO between 2014 and 2019. He has taken the role on an interim basis until a permanent replacement for O'Brien can be found.
European Green Transition PLC (AIM:EGT) said it had received permission from landowners and the Kalmar County board to drill at the Olserum rare earth project in Sweden.
Approval has been given for an initial drilling program of up to 9,000m across 42 drill holes, with the flexibility to alter the program within the agreed working areas.
Helix Exploration PLC has announced a strategic partnership with Petroleum Consultants (PC) as part of its phase-one work programme - a crucial step towards initiating a drilling campaign scheduled for the third quarter of this year.
Known for its expertise in hydrocarbon exploration and development across the United States, especially in the Rocky Mountains region, the contractor brings a management team that includes three professionally licensed petroleum engineers with over 40 years of combined experience.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has announced a second light oil discovery at the Hickory-1 well, part of Project Phoenix, on Alaska’s North Slope.
The well flowed at a peak flow rate of approximately 50 barrels per day from a vertical section of the SMD-B reservoir, with the oil quality measuring 39 degrees API.
NetScientific PLC (AIM:NSCI), a venture capital and corporate finance group specialising in deep tech and life sciences, said £1.8 million has been invested into its portfolio company ProAxsis, a specialist in respiratory diagnostics.
This latest funding round was orchestrated by NetScientific's wholly-owned subsidiary, EMV Capital, with additional funds coming from a mix of new investors and the conversion of existing warrants and loans.
The Conservation Farming Program of Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) in Malawi is on track to triple crop yields as the company actively executes its environmental, social and governance (ESG) strategy whilst developing the Kasiya Rutile-Graphite Project.
This sustainable farming initiative program is aimed at improving the livelihoods of local communities through the creation of successful smallholder farmers. It ultimately aims to provide a platform where smallholder farmers can produce sufficient surplus crops to generate sustainable household income.