Imugene Ltd has been awarded a notice of allowance from the Chinese Patent Office, giving it intellectual property protection in Asia’s largest market. The protection is for patent application number 201880064280.9, which protects the CD19-expressing oncolytic virus, onCARlytics.
Titled “Oncolytic Virus Expressing a CAR-T cell target and uses thereof”, the patent protects the method of composition, and method of use of onCARlytics through to 2038.
Sovereign Metals Ltd has opened a new market opportunity with the latest test-work on natural graphite from its Kasiya Graphite and Rutile Project in Malawi, confirming medium to coarse graphite concentrate can meet or exceed specifications for the expandable and expanded graphite markets.
Used for a wide range of applications including flame retardants and gaskets, seals and brake linings, the expandable and expanded graphite markets require almost 100,000 tonnes of natural graphite a year, growing at a compounding annual growth rate of 6-8%.
Ora Banda Mining Ltd had a strong six months of production from the Davyhurst Gold Project in Western Australia to December 31, 2024, with revenue up 93% to a record A$186.422 million and net profit after tax (NPAT) for the period 371% higher to A$50.844 million.
EBITDA increased by 254% to A$84.2 million, cash flow from operations increased 765% to A$91.2 million and the company had closing cash of A$57.8 million at the end of the period, up A$31 million on the previous six months.
AMC Entertainment Holdings (NYSE:AMC) is facing tough revenue comparisons for the fourth quarter of 2024 after distributing the Taylor Swift and Beyonce concert films in Q4 2023.
Analysts at Wedbush expect AMC to report Q4 revenue of $1.274 billion, up 15% year-over-year but below the Wall Street consensus of $1.298 billion.
Black Swan Graphene (TSX-V:SWAN) has appointed industry veteran Dan Roadcap as head of technical sales and business development, bringing more than 20 years of experience in polymers and advanced materials to advance the company's sales growth and market expansion.
The company, which is commercializing high-performance and low-cost graphene products, said Roadcap brings extensive expertise in production operations, plant management, research, and business development.
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) is expected to continue growing its output in the United States, thanks to its initial successes with the drill bit.
David Mirzai, analyst at City broker SP Angel, who rates Union Jack as a ‘buy’ with a 66p target, anticipates cash thrown off from these first wells in Oklahoma will be reinvested into other ‘low-risk near-term US drilling opportunities’.
Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) has announced additional gold intercepts from drilling at the Philadelphia gold-silver project in northwestern Arizona.
The company reported that recent drilling at the Rising Fawn target continues to return strong gold grades over significant widths, with two newly completed holes extending mineralization along strike.
Shield Therapeutics PLC (AIM:STX, OTCQX:SHIEF) is gaining momentum. The company, known for its oral iron supplement ACCRUFeR, has reported a strong end to 2024, with US sales driving record revenues for the year of $32.2 million, according to a research note from Cavendish.
That’s a 153% increase from the previous year, putting Shield on track to break even by late 2025.
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) has announced a commercial discovery at the Moccasin 1-13 well, in Oklahoma, with early results driving confidence.
The well, 45%-owned by Union Jack, has hit several hydrocarbon-bearing intervals, with the primary target now perforated and indicating potential for significant oil production.
AuMEGA Metals Ltd has kicked off its 2025 winter drilling program at Bunker Hill gold-copper-silver project along the Cape Ray/Valentine Shear in south-central Newfoundland and Labrador, Canada.
Two diamond rigs are operating at the Nitty Gritty targets while a reverse circulation (RC) drill rig is on site and expected to begin drilling the first bottom-of-hole/basal till sample in the near term.
Brookside Energy Ltd has resumed drilling in the prolific SWISH Play acreage in the Anadarko Basin of Oklahoma with the Bruins 2-11-1S-3W WXH1 well successfully spudded.
This marks the ninth well to be drilled by Brookside within the SWISH Play and follows the successful completion of the company’s four-well FMDP program late last year.