Savannah Resources Plc (LON:SAV) has been granted Reservation Permit Applications over two new lithium projects, Somero and Eräjärvi in Finland.
The mining junior announced the licence applications earlier this month. Savannah has been granted permits over both locations until until 11 May 2018.
In other news, Providence Resources PLC (LON:PVR) has been awarded the exploration rights to a 1,324-square-kilometre area in the Porcupine Basin, 150km west of Ireland.
Technical director, John O'Sullivan, said he was delighted the company, along with its bidding partners, had landed a key offshore Atlantic licence option in the latest round.
Over at Stadium Group plc (LON:SDM), the wireless solutions and power supplies specialist still expects profits to grow by ‘high single digits’ this year despite the loss of a significant client.
Full year results for 2016 will be slightly below market expectations as result, said the electricals group.
Elsewhere, Victoria Oil & Gas plc (LON:VOG) has promoted Ahmet Dik to the role of chief executive.
A board member already, and head of the company’s main operating subsidiary, Gaz du Cameroun, Dik has spearheaded VOG’s growth.
Meanwhile, Chaarat Gold Holdings (LON:CGH) said the JORC-compliant resource of its gold project in the Kyrgyz Republic has increased 15% to just over 7mln ounces of the yellow metal.
Within that the Tulkubash Zone has grown by 26% 912,000 ounces, all of which resides in the higher-confidence measured and indicated categories.
Over at Stem cell specialist Epistem Holdings Plc (LON:EHP), it is to raise around £6.5mln through a placing of shares at 80p a pop.
The issue price represents a discount of 11.1% to the closing mid-market price of Epistem shares on Tuesday, the company noted.
Intellectual property specialist Amphion Innovations Plc (LON:AMP) swung strongly into the black as two of its portfolio companies, Motif Bio and Kromek, listed in London.
Net asset value shot up to 3.8p per share at end December from 0.7p a year earlier as the value of Amphion’s stake in antibiotic developer Motif more than doubled to US$27mln.
And finally, Versarien plc (LON:VRS) has teamed up with Airbus supplier CT Engineering to develop a new range of aerospace components using ‘wonder’ substance graphene.
A Tier One supplier to the commercial airliner maker, CT specialises in carbon fibre technology and will use Versarien’s expertise in graphene to formulate the new range.