Marshall Abbott, CEO of Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF), shared an optimistic outlook on the company's onshore oil operations in Colombia at a recent One2One Investor Forum in London.
Describing it as a "Klondike" environment for nimble operators, with increasing production, a focus on horizontal drilling, and substantial reserves, Abbott told attendees that the company is well-positioned for growth in Colombia.
IP Group PLC (LSE:IPO) is set to realise a 485% return on its investment into Mike Lynch-backed fraud-detection group Featurespace following an acquisition by global payment giant Visa.
FTSE 250-listed IP Group will receive £134 million in cash following the acquisition, making for a bumper return from £22.9 million worth of investments over seven financing rounds.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares rose almost 5% after it said "significant progress" has been made on two of the conditions needed to complete its acquisition from Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM).
Two weeks ago the AIM-listed company struck a US$475 million deal to acquire a 70% ownership interest in the Havieron gold-copper project, 100% ownership of the Telfer gold-copper mine, and other related interests in assets in the Paterson region, subject to certain conditions.
Pantheon International PLC (LSE:PIN) continued its share buyback during August and made one new direct investment as its portfolio generated cash distributions of £14.2 million of cash.
PIP shelled out £3.8 million on calls from existing commitments to private equity funds, so the portfolio generated net cash of £10.4 million during the month.
ATOME PLC (AIM:ATOM), the green fertiliser and hydrogen specialist, has raised £2.25 million through a direct subscription with directors and senior management and a placing of shares with institutions.
Shares in the fundraise were issued a 75p, a 4% discount to the closing price at the close on 25 September.
Arecor Therapeutics PLC (AIM:AREC) chief executive Sarah Howell used the company's interim results release to hail the potential of its lead asset, AT278, a fast-acting insulin.
A phase I study revealed it performed better than the current gold standard when administered to people with Type 2 diabetes who are overweight.
Incanthera PLC (AQSE:INC) said the launch of its Skin + CELL luxury skincare range is being expanded from the originally expected timeline more quickly than expected with the Marionnaud chain of stores in continental Europe.
It said this reinforces its confidence in full-year financial targets.
Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) reported a 5.2% increase in revenue for the first half of the year and flat cash EBITDA, but said its performance was held back by a delay to an important project and the attractions sector seeing lower guest volumes recently.
The provider of technology solutions to leisure, entertainment, and cultural venues announced new full-year guidance last month to reflect these factors.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it is ramping up to full production after receiving authorisation to raise the tailings dam wall at the Gedabek mine.
Construction of the new wall started on 6 August 2024, with the mine now moving towards normalised production again, according to the gold and copper miner.
Graft Polymer (UK) PLC (LSE:GPL) has announced the appointment of Dennis Purcell as the new chairman of its board.
Purcell is co-founder and former managing partner of Aisling Capital, a US healthcare investment firm that raised around $1.8 billion since its inception.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) chief executive Colin Harrington, in today’s interim results, told investors he was delighted with recent testing, and in the coming months he looks forward to the ongoing transformation of the Paradox project into a revenue-generating asset.
At Paradox, in Utah, the focus has been on a phase of well testing designed to demonstrate the project’s viability and merit – it recently resulted in peak production rates of more than 2,100 barrels of oil equivalent per day from the State 36-2R well.
Kodal Minerals PLC (AIM:KOD) said it has pushed the first lithium production from its Dense Media Separation (DMS) processing plant at Bougouni in Mali into 2025 after recent heavy rainfall.
The project remains within its US$65 million project development budget despite the minor schedule delays, Kodal added.
ANGLE PLC (AIM:AGL, OTCQX:ANPCY) has announced the 100th peer-reviewed publication supporting the use of its Parsortix system, a liquid biopsy tool for isolating and analysing circulating tumour cells (CTCs).
The study, conducted by Italy's Fondazione IRCCS, focused on triple-negative breast cancer, using whole genomic sequencing and machine learning to identify key cancer genes.
EMV Capital (AIM:EMVC) has completed its name change from NetScientific Plc, with the company’s shares now trading under the new name and ticker symbol "EMVC".
It follows the acquisition of EMV Capital (AIM:EMVC) in 2020, and the company said it reflects a completion of a strategic evolution into a broader venture capital and corporate finance group.
ANGLE PLC (AIM:AGL, OTCQX:ANPCY), the med-tech group, told investors that it will likely be cash flow positive in the second half of 2026 as it provided an upbeat assessment of prospects.
In commentary alongside its interims, it said it is seeing encouraging momentum as it builds a pipeline of major pharmaceutical and corporate partnerships.
Ariana Resources PLC (AIM:AAU) has appointed Ord Minnett as Lead Manager to its proposed dual-listing on the Australian Securities Exchange, which it expects to complete by the end of the 2024 calendar year.
The proposed ASX listing will provide investors in Ariana exposure in a market that understands and supports small-to-medium-sized gold explorers, said its statement.
Ora Banda Mining Ltd (ASX:OBM) has adjusted the remuneration arrangements for managing director Luke Creagh, and extended his contract agreement for a further five years to June 30, 2030.
The company advises that following “the significant improvement in the performance and financial viability of the company since the appointment of Creagh to the position of CEO/managing director in July 2022, Ora Banda has determined to bring Creagh’s remuneration package in line with market.”