Panmure Gordon reiterated its 'buy' recommendation and 23p price target for shares in Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) after the life sciences group announced that an international biotechnology company will evaluate its anti-glycan monoclonal antibody developed using Scancell's GlyMab platform.
"We will be updating our forecasts and investment thesis in light of recent," Panmure added in a note to clients.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF)'s share price rose 16% after its subsidiary, AIMC, received technical and environmental approval from the Government of Azerbaijan for a seven-meter raise of its tailings dam wall.
The project will be executed in two stages, with the first 2.5-meter raise expected to be completed three months after obtaining permission.
Tirupati Graphite PLC's (LSE:TGR, OTCQX:TGRHF) incumbent management won the backing of the majority of voting shareholders at Tuesday’s requisitioned general meeting.
Proposals put forward by activist shareholders sought to replace the management with their own nominees, though they could not secure a sufficient proportion of the votes. A total of 48.57mln votes were in favour of retaining chief executive Shishir Poddar, versus 37mln activist votes.
Shares in Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) jumped 10% in early trading after the life sciences group announced that an international biotechnology company will evaluate its anti-glycan monoclonal antibody developed using Scancell's GlyMab platform.
The unnamed company will pay $1 million within 30 days for seven months of exclusive evaluation rights.
Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) said an international biotechnology company will evaluate an anti-glycan monoclonal antibody developed using Scancell's GlyMab platform.
The unnamed business will pay $1 million in the next 30 days to secure a seven-month exclusivity over the asset. The agreement includes an option to licence the antibody.
Empire Metals Ltd (AIM:EEE) has delivered an enormous exploration target for just two targets at its Pitfield titanium project in Western Australia.
Cosgrove and Thomas might contain between 26.4 to 32.2 billion tonnes of titanium ore with a grade range of 4.5 to 5.5% TiO2, according to this initial estimate.
Mosman Oil and Gas Ltd's (AIM:MSMN) partner in the Amadeus Basin, Greenvale Energy Ltd (ASX:GRV, OTC:GVLMF) (ASX: GRV), has been awarded a A$100,000 co-funding grant.
It came via the NTGS Geophysics and Drilling Collaborations program, and, will be used to support the funding of an upcoming 2D seismic programme.
Anglo Asian Mining PLC's (AIM:AAZ, OTC:AGXKF) subsidiary, AIMC, has received technical and environmental approval from the Government of Azerbaijan for a final raise of its tailings dam wall.
The project will increase the height of the wall by 7 meters in two stages, with the first 2.5-meter upgrade expected to be completed three months after obtaining permission.
Genflow Biosciences PLC (LSE:GENF, OTCQB:GENFF) has received €395,847, representing 50% of the Exofastrack research grant from the Government of Wallonia.
Awarded as part of Belgium's Advanced Therapy Medicinal Products Programme, this non-dilutive, non-reimbursable subsidy will support a three-year scientific program with EXO Biologics, covering 80% of the expenses.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has made great strides toward completing the pilot phase of construction for the Kasiya Rutile-Graphite Project in Malawi, with groundworks underway.
A pilot mining and land rehabilitation program is progressing with site establishment on schedule and the mobile fleet constructing the test pit, water storage pond and ore stockpiles.