Myanmar-based social media group MySQUAR Limited (LON:MYSQ) will in future be able to access customers and subscribers on the Ooredoo telecoms network. In addition, MySQUAR will use Ooredoo's carrier billing service (purchases are made by deducting from the phone balance) for its mobile applications and games.
Mobile payments group Bango plc (LON:BGO) ended the first half of 2017 with enough cash to fund it through to profitability. Adjusted underlying losses, or LBITDA, for the first half of the year totalled £1.01mln versus LBITDA in the same period of last year of £1.64mln.
Rainbow Rare Earths Ltd (LON:RBW) is shortly to commence mining and sales of rare earths from its mine in Burundi. The value of the basket of rare earths that the company will produce is up by 80% in the year-to-date.
Action Hotels PLC (LON:AHCG) said current trading remained “on track with current expectations” despite headwinds in some Middle East markets. “[The performance] underpins Action's resilient business model in the economy and midmarket hotel sector, with low break-even levels and the recently opened hotels delivering growth,” it added.
Trading in the second half of the year has been in line with expectations at video games services provider Keywords Studios PLC (LON:KWS).
OptiBiotix Health plc (LON:OPTI) is to launch an improved version of its hunger suppressant/weight loss product Slimbiome at a major US trade fair at the end of the month. The new formulation is a single homogenous product, a development that reduces separation in transport and makes it available in places such as in-store bakeries where previously it might have been difficult to blend or remix.
Adam Reynolds, chairman of the fertility specialist Concepta PLC (LON:CPT), said he expects the Chinese launch and CE marking in Europe of its lead product, myLotus, to occur in the first half of next year. The certification of its Doncaster plant, meanwhile, is expected to be complete by the end of 2017. The three landmarks will prime the business for commercial success.
Background checks specialist Clearstar Inc (LON:CLSU) achieved record half-year revenues in the first six months of 2017.
ValiRx Plc has raised £0.5mln through a placing of 50mln new ordinary shares at a price of 1p each. The AIM-listed biotechnology company said the funds raised will be used for “advancing the clinical dose escalation of VAL201 and for further progressing the late pre-clinical development of GeneICE and general working capital purposes.”
Brady Plc announced today that it has been awarded a contract by Gaelectric Trading and Market Services Limited (GTAMS), one of Ireland's leading energy trading and market services providers, for its I-SEM (Integrated Single Electricity Market ) Cloud solution product. No financial details of the contract were revealed .
ITM Power plc (LON:ITM) has sold a 1.1Mw hydrogen electrolyser to EnergyStock, a subsidiary of Gasunie, the Dutch gas transmission network operator. No details of the financial aspects of the contract were announced, but ITM said the sale was won in a competitive tender process and includes after-sales support.
Thor Mining PLC (LON:THR) (ASX:THR) said today it has completed drilling at the Pilot Mountain tungsten project in Nevada, with mineralisation identified extending a further 60 metres down dip at Desert Scheelite. In a statement, the AIM-listed firm said a potential second lode has been identified 20 metres to the north of the existing Desert Scheelite lode, while a 28 metre wide zone of copper, zinc and tungsten mineralisation was intersected near the surface at the Good Hope prospect.
US-based cell engineering technology firm MaxCyte Inc (LON:MXCT) said it continued to make progress in all areas as it lifted the lid on it financial and operational performance in the first half. Probably the highlight of the period was the US$27mln (£20mln) it raised from investors in April, which not only put the company on a firm financial footing, but provided its CARMA technology third-party validation.
Bezant Resources plc (LON:BZT) has produced its first platinum and gold from the Choco project in Colombia. The company will shortly move into higher value virgin gravels. It is a rare example of a platinum producing company outside of South Africa or Russia.
Asiamet Resources PLC (LON:ARS) has commenced drilling on the readily accessible BKZ prospect in Indonesia, a stand-alone high value polymetallic target, located less than 800 meters north of the feasibility-stage BKM copper deposit. A total five holes are planned and first assays are expected by end September.
Rose Petroleum PLC (LON:ROSE) has reached a new agreement which will see the group explore lithium as well as oil and gas in Utah’s Paradox basin. The company told investors that it is currently investigating the potential for the commercial extraction of lithium from the salar brines that exist within the Paradox basin.
Hurricane Energy PLC (LON:HUR) has told investors that its convertible bonds are now listed on the Official List of The International Stock Exchange. The issue, US$230mln of 7.5% bonds due 2022, has an International Stock Exchange symbol of HURCOVNT.
Columbus Energy Resources PLC (LON:CERP) confirmed in a stock market statement that it had issued some 20.3mln new shares in the company to Lind Partners in accordance with its revised convertible security agreement. It is expected that the admission of the new shares will become effective for trading on September 22.
WH Ireland has increased its target price for Berkeley Energia Ltd (LON:BKY, ASX:BKY) to reflect the recent financing agreement for the Salamanca project. The Sovereign Wealth Fund of the Sultanate of Oman is to provide up to US$120m to fully fund the Salamanca mine into production, which WH Ireland analyst Paul Smith thinks is an outstanding achievement in the current environment for uranium explorers.
Capital Network has also issued a research note on Berkeley Energia, with analyst Sam Catalano possesses a low capex, low operating cost asset which it aims to bring to production in the near term and should, very swiftly, see the company enter the top 10 global uranium producers.