A charity foundation supported by Sirius Minerals PLC (LON:SXX) has launched its first grant programme in Yorkshire. The Sirius Minerals Foundation, which has been initially funded by Sirius Minerals PLC, will receive an annual royalty of 0.5% of sales of production from the group’s fertiliser mine, which is due to come online in 2021.
Metal Tiger PLC (LON:MTR) has opted not to pursue its interest in the Semenovsky Tailings Project (STP), which was financed 50:50 with Eurasia Mining plc (LON:EUA). The company will no longer have an interest in STP and will concentrate its resources on its core project interests.
Mariana Resources Ltd (LON:MARL; CVE:MAL) said it has added a third rig to its ongoing drill programme at the Hot Maden project in Turkey, as it released further results from the programme. The gold miner– which last month agreed to a £167mln takeover by Canada-listed mining financier Sandstorm Gold - said it has continued to find high-grade gold and copper mineralisation in both the infill and step-out drilling on the Main Zone.
Frontier IP PLC (LON:FIPP) rocketed higher as portfolio company Exscientia, which specialises in artificial intelligence- based drug research, signed a strategic collaboration agreement with French group Sanofi. Exscientia (and Sanofi) will focus on metabolic diseases such as diabetes and use its technology to identify molecules that can be compatible with two distinct drug targets (bispecific).
Gene editing specialist Horizon Discovery PLC (LON:HZD) said its work in immuno-oncology has become a major growth driver as it restated its bullish sales target.
It has built what it describes as a ground-breaking platform to support the large and increasing number of customers in this new field of medicine, which uses the body’s own immune system to attack the disease.
There has been an important re-shuffle at the top of Seeing Machines PLC (LON:SEE), the leader in eye-tracking technology, with appointment of a new chief executive and the current incumbent moving to the role of executive chairman.
Mike McAuliffe, head of the automotive business Fovio, steps up to the role of CEO, with the company saying it needed a “different skill set to drive rapid global expansion”.
CentralNic Group Plc (LON:CNIC) has revealed that revenue more than doubled in the twelve months ended December 31.
The internet domains firm’s financial results showed revenues up 113% to £22.12mln for the year, up from £10.39mln the year before. Gross profit meanwhile rose by 58% to £7.66mln from £4.86mln, earnings (adjusted EBITDA) increased by 68% to £5.48mln from £2.95mln.
AFC Energy plc (LON:AFC) has told investors it is expanding its position in the European market for fuel cells with the start of engineering work for a 1 megawatt proprietary fuel cell system at the Covestro Industrial Park Brunsbüttel.
Preliminary work has started at Brunsbüttel, at a site owned by Covestro Deutschland AG, where the AFC led project aims to deploy a fuel cell system that will be fed by hydrogen fed by Covestro's hydrogen grid.
Solo Oil PLC (LON:SOLO) has highlighted “very encouraging” recent progress with Helium One’s Rukwa and Balangida projects in Tanzania.
The company, which in March acquired a 10% stake in Helium One, noted that an airborne gravity gradiometry survey spanning 16,000 line kilometres had now been completed across the Rukwa and Balangida licences.
Health marketing group Cello Group plc (LON:CLL) has made a good start to this year especially in the US where new acquisition Defined Health is doing well, it told shareholders at its annual meeting.
Tyratech PLC (LON:TYR) is to restructure into two divisions focused on animal and human health respectively to help it capitalise on the potential in both arms.
After carrying out a strategic review, Bruno Jactel, chief executive, said the company concluded that it did not have sufficient resources from operating cash flow alone to fund the next phase of its growth and unlock the full value of its assets.
Eurasia Mining plc (LON:EUA) has re-staried production at its West Kytlim alluvial platinum operation in the Urals in Russia. The main ore zones in Malaya Sosnovka are prepared for mining while snow melt is well advanced, resulting in the filling of the reservoir ponds to provide water for the washplants.