Hurricane Energy Plc (LON:HUR) is considering an upgrade to its listing, with a potential transfer from the junior AIM market to a premium listing on the London Stock Exchange. The successful UK offshore oiler, which raised more than £500mln of capital earlier this year, has announced a number of measures to recognise the company’s new size and scale.
Bushveld Minerals Limited’s (LON:BMN) tin assets started trading separately today after AfriTin Mining Limited was admitted to AIM. Now focused more on vanadium, Bushveld will retain a 17.5% stake with a further 24.4% to be distributed to shareholders.
Eland Oil & Gas PLC (LON:ELA) has now confirmed a further expansion of the Opuama field, greenlighting two more wells at the Nigerian oil operation. The company on Tuesday revealed that the recently drilled Opuama-7 had been brought onto production, with better than expected rates seen in well testing, and the drilling of the Opuama-8 well is due to start in December.
Shares in IronRidge Resources Ltd (LON:IRR) opened higher after the company published high-grade lithium pegmatite trenching and rock chip sampling results from its Ghanaian assets, and said numerous target areas had been identified within its recently acquired high-resolution airborne geophysical survey in Ghana.
SkinBioTherapeutics PLC (LON:SBTX) said its SkinBiotix technology has passed two additional and final toxicity tests, meaning it is safe to use in the company’s three target markets.
Researchers at Charles River Laboratories assessed for photo-toxicity (sensitivity to sunlight) and ocular toxicity (effect on eye cells).
Secure payments specialist Eckoh PLC (LON:ECK) has been granted two further US patents that will protect its CallGuard platform. The first relates to the technology’s tokenisation process, which is used to encrypt card data or personal information such as social security numbers.
Mining royalties company Anglo Pacific Group plc (LON:APF, TSE:APY) had a strong third quarter, with free cash flow tripling from the previous year’s level.
Energy storage and clean fuel company ITM Power plc (LON:ITM) has secured funding from the Department for Business, Energy and Industrial Strategy (BEIS) to undertake a study examining the potential deployment of large-scale power-to-gas energy storage.
Tower Resources PLC (LON:TRP) will resume trading on Aim today after the Africa- focused oil explorer raised £2.1mln through a placing backed by directors and financier Lansdowne. The shares were suspended in May due to uncertainty over Tower’s financial position.
Aminex plc (LON:AEX) has appointed John Bell as an independent non-executive director of the company with immediate effect. Bell is managing director of Gulfsands Petroleum and a chartered engineer with a 30-year career in the energy sector, including senior positions at BP, Statoil and Suncor.
Rose Petroleum PLC (LON:ROSE) has told investors that its disposal of the SDA Mill gold operation in Mexico is now nearing completion and it has struck an interim agreement with the buyer, allowing operations to restart at the project. The company said that the final major item required for closing, a restructuring of Mexican ownership of SDA, is at an advanced stage and it due to be in place later this month.
Rambler Metals and Mining PLC (LON:RMM) has issued and allotted 450,000 ordinary shares following the exercise of options by a retired employee of the company.
Drug discovery company Summit Therapeutics PLC (LON:SUMM) is set to present pre-clinical data from the University of Oxford highlighting the potential of its utrophin modulation programme in treating duchenne muscular dystrophy (DMD), a muscle wasting disease. The company's scientific adviser and co-founder, Professor Kay Davies from the University of Oxford, will present the findings during presentations at the 15th Action Duchenne International Conference 2017 on November 10-12, 2017, in Birmingham, UK.
Thor Mining PLC (LON:THR) has received gross proceeds of £125,961 through the conversion of 10,773,161 warrants. It brings the total gross proceeds from the exercise of warrants and options since the beginning of November to £493,539.
Bos Global Holdings Limited (LON:BOS) is taking steps to manage its working capital position by reducing costs and assessing its funding options.The cloud-based software developer said it has continued to incurred operational and overhead costs as it continues its product development and invests in sales and marketing. However, it is yet to generate significant revenue from purchase orders for its products.
Motif Bio Plc (LON:MTFB) has received notification for the exercise of warrants, representing 207,322 ordinary shares of 1p each. The exercise price was 32.20p per warrant, taking the total consideration to £66,757.73.
Jersey Oil & Gas (LON:JOG) has successfully completed a share placing and offer to raise £23.76mln with proceeds to be used to fund the Verbier appraisal and Cortina exploration drilling programmes.