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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: BiVictriX Therapeutics, Zephyr Energy, Bradda Head, Asiamet, Union Jack, Deltic and more

Metals One shot higher on confirmation it expects to announce the results from the un-assayed intersections at its P5 target at the Black Schist Ni-Zn-Cu-Co Project in Finland in May.

The explorer added it still expects to share its findings having updated the block model and resource estimate in the second half of 2024 as previously advised.

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Shares in Helix Exploration PLC look cheap, based on analysis undertaken by two research groups that have begun following US-focused helium exploration (and soon-to-be production) group following its AIM float.

Helix successfully listed at 10p a share and moved to a strong first-day premium; however, the stock is now trading in a narrow corridor just above the IPO price.

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Incanthera PLC (AQSE:INC) has received a cash injection of just shy of £520,000 from a warrant exercise at 10p each, bringing the total of new capital raised in recent weeks to £716,667.

It follows a previous warrant exercise, earlier this month, and a further £25,000 is also expected to be received shortly, added the skin care specialist.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) told investors it will be presenting at American Association for Cancer Research (AACR) Annual Meeting, taking place in San Diego, California on 5-10 April 2024.

It intends to present data on its open-label Phase 2 SCOPE trial, investigating its cancer vaccine, SCIB1, in combination with checkpoint inhibitors (CPIs) in advanced melanoma.

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Empire Metals Ltd (AIM:EEE) has tweaked the terms of its agreement over the Pitfield project in Pilbara Australia to give it full control over all minerals discovered there.

Pitfield has the potential to be one the world’s largest titanium deposits believes Empire, which said the change removes any possible ambiguity about the ownership rights.

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Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it is waiting for permission to restart full operations at its Gedabek gold and copper mine in western Azerbaijan but expects approval to be issued shortly.

The miner wants to raise the tailings dam wall at Gedabek and the mine has been partially shut down until approval comes through.

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Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) begun drilling operations at the State 36-2 LNW-CC-R well, part of the Paradox Basin project in Utah.

The new well aims to ‘twin’ the company's original well, targeting the same Cane Creek reservoir and the previously encountered over-pressured, gas-bearing natural fracture system.

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Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) said almost half of its latest drilling programme at the Basin Project in Arizona is complete with ‘excellent’ early clay thicknesses identified from visual inspection.

Four wide space holes were drilled with 85m the average Upper Clay thickness, based on visual inspection of the drill core, and a range from 73m to 103m.

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