Metal Tiger PLC (LON:MTR) has revealed details of progress with pre-feasibility work at the T3 copper project in Botswana, held in joint venture with MOD Resources (ASX:MOD). A crucial component of the work, the Environmental Management Plan, will be lodged with the relevant authorities within next few days.
Smart LED light solutions designer and manufacturer PhotonStar LED Group PLC (LON:PSL) is feeling more confident about its product line after attending an industry conference. Last year was a tough one for the group, as the traditional lighting business came under significant pressure in worsening market conditions.
Obtala Ltd (LON:OBT), the Africa-focused agriculture and forestry group, is acquiring a profitable trader and producer of sawn timber for up to US$14.8mln. WoodBois International (WBI) owns a 102,000-acre concession in Gabon with a 24,000-square metre sawmill and an 18,000-square metre veneer plant opening later this year.
Lombard Risk Management plc (LON:LRM) delivered underlying earnings, or EBITDA, slap bang in the middle of its upwardly revised guidance range at £2.6mln, up from £2.1mln the year before.
Savannah Petroleum PLC (LON:SAVP) said the last year has been about laying the foundations for the company’s upcoming drilling campaign in Niger. In its 2016 results statement, it highlighted the new competent persons report, which has lifted its prospective resource to just shy of 2.2bn barrels from 1.191bn.
Falcon Media House Ltd (LON:FAL) is riding to the rescue of frustrated telly-watching oil industry employees in West Africa. It has hooked up with Verimatrix, a video delivery and rights management specialist, to deliver the first secure “over the top” (OTT) service in West Africa.
A large proportion of the current BKM copper resource in Indonesia should be upgraded to a higher confidence mineral resource category, Asiamet Resources Limited (LON:ARS, CVE:ARS) said this morning, following the latest drilling results.
The line-up for the inaugural Elites Series, a new league format for competitive computer gaming, is almost complete, Gfinity Plc (LON:GFIN) revealed on Tuesday. The eSports promoter announced that leading eSports team, Method, has been added to the list of teams participating in the Elite Series, which will take place this summer in London’s Gfinity arena.
Hummingbird Resources PLC (LON:HUM) has reported good progress is being made with the construction of the Yanfolila gold mine in Mali. The ball mill has recently arrived into the port of Abidjan for transporting to site, said Dan Betts, chief executive, while the carbon in leach tanks are now over 70% complete and the steelwork for the gold room and reagent area is being erected.
The founders of Keywords Studios PLC (LON:KWS) have sold a sizeable chunk of his stake in the video game ancillary services group to meet institutional demand. PEQ Holdings Ltd, a vehicle for chief executive Andrew Day and non–executive Giorgio Guastalla, has sold just shy of 4.5mln share or 8.05% of the company at 820p per share.
Tidal wave specialist Atlantis Resources PLC (LON:ARL) has raised £4.05mln through a placing at 45p. Atlantis group holds equity positions in a portfolio of tidal stream development projects, which includes a stake of 77% in MeyGen, a tidal stream power project in the Pentland Firth, Scotland.
Metal Tiger PLC (LON:MTR) has revealed details of progress with pre-feasibility work at the T3 copper project in Botswana, held in joint venture with MOD Resources (ASX:MOD). A crucial component of the work, the Environmental Management Plan, will be lodged with the relevant authorities within next few days.
NetScientific PLC (LON:NSCI) portfolio company Vortex Biosciences has initiated two clinical research studies with Californian university UCLA in patients with Non-Small Cell Lung Cancer (NSCLC). These studies are designed to provide proof of principle that biomarkers used for tumour biopsises can be adapted for circulating tumour cells (CTCs).
Metals Exploration Plc (LON:MTL) has announced that its discussions with a mezzanine debt provider for the provision of a working capital facility are ongoing and that it remains the company's expectation that such a facility will be in place prior to 30 June 2017. In the meantime, the company has approached its two major shareholders for a US$2 mln loan to enable it to meet working capital requirements and to provide a scheduled repayment to senior lenders.
Caledonia Mining Corporation PLC (LON:CMCL TSE:CMCL) is seek a listing on the New York Stock Exchange’s small cap market to boost liquidity and broaden its appeal to US investors. To meet the share price threshold of at least a US$2 share price and the norm of over US$5 per share, the Zimbabwe-focused gold miner is to consolidate its shares on a 5 for one basis.
Europa Oil & Gas (Holdings) PLC (LON:EOG) said the strong support for its latest fund raise indicates how significant Ireland’s Atlantic Margin is becoming. The AIM-listed explorer placed £2.1mln of shares at 6p per share with up to a further £1.5mln to come from an open offer.