Lanthanein Resources Ltd has intersected primary gold mineralisation at its Lady Grey Project in the Yilgarn region of Western Australia. The high-grade results come from diamond drilling targeting a high-priority modelled moving loop electromagnetic (MLEM) conductor plate under Line #1, coinciding with a strong gold-in-soil anomaly (256 parts per billion gold) and a key structural corridor. Notably, hole LGDH004 returned 4.1 metres at 1.35 grams per tonne (g/t) gold from 134.66 metres, including 1 metre at 3.66 g/t gold.
Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) said on Wednesday it had closed an C$8 million brokered private placement, including a lead investment from Canadian financier Eric Sprott and the full exercise of the agents’ option.
The Toronto-based mining company sold 76.2 million units at C$0.105 per unit, each consisting of one common share and half a warrant. Each whole warrant allows the holder to purchase a common share at C$0.15 until May 2028.
PDS Biotechnology Corporation (NASDAQ:PDSB), a US cancer immunotherapy firm backed by EMV Capital (AIM:EMVC), has begun site activations for its phase III trial of Versamune HPV in patients with head and neck cancers linked to HPV16.
The trial, which will enrol around 350 patients, is supported by the US Food and Drug Administration Fast Track designation and includes interim data readouts.
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) shares soared in Wednesday afternoon’s trading, after putting the spotlight on its ongoing collaboration with Philips,
The Dutch electronics firm is to broaden its use of Polarean’s Xenon lung MRI technology to include younger children with chronic obstructive lung disease, subject to regulatory clearance.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) is continuing a strategic review to explore merger and acquisition opportunities, it said Wednesday, as interest in green energy metals and gold royalty assets grows.
The Vancouver-based company, which holds net smelter return (NSR) royalties on high-profile lithium and copper projects in Argentina, and a majority interest in a gold exploration project in Alaska, said its assets are attracting attention from potential partners and acquirers across the mining industry.
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) has struck a deal to open new exploration opportunities in Angola, giving it a stake in a project as well as a partnership to seek new targets.
A strategic partnership with Corcel sees Sintana acquire an indirect 5% net interest in the KON-16 block in the onshore Kwanza Basin.
NanoViricides (NYSE-A:NNVC) said on Wednesday it is moving forward with trials of its antiviral drug NV-387 to combat a growing number of viral threats, including measles and MPox, amid rising concern over vaccine failure and the lack of effective treatments.
The Shelton, Connecticut-based company said it has initiated animal efficacy studies to evaluate NV-387 as a treatment for measles, noting there are currently no approved antiviral drugs for the disease.
Black Swan Graphene (TSX-V:SWAN) has announced that it has entered into a preferred compounder agreement with Modern Dispersions Inc (MDI), a US-based manufacturer of thermoplastic compounds and concentrates.
Under the terms of the agreement, MDI will produce Graphene Enhanced Masterbatch (GEM) using Black Swan’s Graphene Nanoplatelets, with Black Swan serving as MDI’s preferred supplier of graphene materials.
Gulf Marine Services PLC (AIM:GMS) shares fell 6.4% after it revealed that its tax assessment settlement proposal had been rejected by the Saudi Arabia dispute resolution committee (ADRC), with the total amount not yet made clear.
"The directors believe that the impact of the judgment may result in a modest delay in achieving the group's target leverage of 1.5x, dependent on the overall performance of the group's business."
Corcel PLC (LSE:CRCL) shares rose strongly in Wednesday morning’s trade as it has consolidated its position in Block KON-16 in Angola’s Kwanza Basin.
It announced it has acquired an additional 30% gross (27% net) interest in the block through its subsidiary APEX, taking its stake to 85% (gross).
Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) has raised £1.5 million through a placing of 15 billion new shares at a heavily discounted price of 0.01p per share.
Shares in the company fell 40% on Wednesday on the news, down more than 95% since the end of April, when a potential takeover collapsed and the company warned it may soon run out of money and could enter administration within days unless fresh funding is secured.
Mosman Oil and Gas Ltd (AIM:MSMN) told investors that drilling operations are now underway for the Barclay-TH 295 106A well at the Billy Goat project in Colorado.
It is the first of five planned wells in Mosman’s partnership with Vecta Oil & Gas.
H&T Group PLC (AIM:HAT), the UK’s largest pawnbroker, has agreed to a £297 million takeover by American rival FirstCash.
The 661p a share deal closes a 19-year chapter as a publicly listed company.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) told investors it still sees “material value” offshore Morocco.
It has now taken back control of its offshore licences in Morocco, where former partner Energean has completed its exit.
Arc Minerals Limited (AIM:ARCM), the London-listed copper explorer, has provided an update on its exploration work in Zambia and Botswana, as well as the progress of its proposed acquisition of the Chingola Project.
The company is in a joint venture with a subsidiary of mining major Anglo American PLC (LSE:AAL) in Zambia, where technical teams are currently assessing results from the 2024 drilling season and refining plans for 2025.
During the March quarter, Australian structural heart valve company Anteris Technologies Global Corp was busy ramping up investment in its global pivotal trial for the DurAVR® transcatheter heart valve (THV) system.
In the resource-intensive phase of the clinical cycle, the company reported a net loss of US$21.9 million for the quarter, up 36% on the prior corresponding period.
Lindian Resources Ltd has made strong financing and development progress at its flagship Kangankunde Rare Earths Project in Malawi, with construction due to start in the near term.
Cost disciplines and financing pathways are progressing well, and the company remains on track to achieve first production in 2026.