The Horse Hill oil project has been approved for an extended flow test by the Environment Agency. Stakeholders UK Oil & Gas Investments PLC (LON:UKOG) and Solo Oil PLC (LON:SOLO) confirmed that the approval will allow the programme to test the HH-1 well, as well as drill a side-track to HH-1 and the new HH-2 well. The Horse Hill partners, separately, await planning permission for the project – an application was submitted in October 2016 and it is anticipated that a decision will be made by the Surrey County Council planning committee on October 18 2017.
Seeing Machines Limited (LON:SEE) is moving its relationship with Progress Rail into the commercial phase after it extended its partnership agreement with the world’s largest builder of diesel-electric locomotives. Today’s agreement gives Progress the exclusive worldwide licence rights to offer Seeing’s technology as part of its train driver-monitoring package.
The recent uplift in base metals prices has prompted Anglesey Mining plc (LON:AYM) to shift up a gear in developing its Parys Mountain project - aiming to complete a definitive feasibility study in the first half of next year. Assuming financing talks are well advanced by the middle of next year, construction at the North Wales site could start before the end of 2018 and initial output in the first half of 2020, the firm said.
Shares in Eurasia Mining plc (LON:EUA) raced 10% higher on Friday afternoon as it struck an alliance with GoldMint PTE - a firm which is an emerging player in blockchain technology - the platform originally devised for Bitcoin.
Lead and zinc explorer Ferrum Crescent PLC (LON:FCR) has raised just shy of £200,00 to fund further exploration at its Toral and Lago projects in Spain. Shares were issued at 0.09p by new house broker Peterhouse.
African Potash Ltd (LON:AFPO) revealed that its Lac Dinga project farm-out deal with African Agronomix (AAX) has been extended until September 15 this year for all conditions to be satisfied or waived. As reported in July, the deal sees AAX potentially acquire all of the project in the Republic of Congo.
Bacanora Minerals Ltd (LON:BCN, CVE:BCN) said Cadence Minerals Plc (LON:KDNC) has sold part of its stake in the group to an existing institutional investor and directors at Bacanora. Cadence sold 8.9mln shares in the group - or 6.75% of the capital, but still holds a 9.3% interest in Bacanora.
RM Secured Direct Lending PLC (LON:RMDL) has told investors intends to raise further funds to take advantage of an “attractive pipeline of opportunities” it has identified.
Caledonia Mining Corporation PLC (LON:CMCL) said it ascertained on August 25, 2017 that VP Bank AG holds an interest in 938,773 common shares of the company - which represents approximately 8.9% of the issued share capital - as an intermediary on behalf of Sales Promotion Services S.A. Caledonia said it has no evidence to suggest that any significant proportion of this interest was accumulated recently.
Tethyan Resources PLC (LON:TETH) shares lost more than a third of their value, down 1.33p or 34.6% at 2.5p, after the metals explorer announced plans to exit AIM following a new listing on the Toronto Venture Exchange.
Kibo Mining PLC (LON:KIBO) was awarded the Innovative Project Development Deal of the Year 2017 at the General Electric awards held in New York, on 7 September 2017.
i-Dealcorp.com (i-Deal Corp), the financial platform pitched as a dating site for companies and would-be investors, has expanded its buy-side base with an influx of new Institutional Investors. The group said Pairstech Capital Management LLP, an FCA-regulated investment firm based in London with branches in Italy and Spain, is now active on i-Dx.