Forestry management company Active Energy Group PLC (LON:AEG) has successfully completed the initial testing of its five tonne per hour CoalSwitch biomass fuel plant in Utah.
Midatech Pharma Plc (LON:MTPH) (NASDAQ:MTP) has secured a US$15mln, four-year senior loan facility that will be used to bankroll the clinical development of two promising cancer drug candidates. The funding has come via MidCap Financial, a middle market finance house, and Midtech has drawn down an initial US$7mln of the facility.
WYG PLC (LON:WYG) shares rose late morning after it confirmed that, as previously flagged, it obtained significant cash receipts from its business in Turkey before the year-end. In a statement, the AIM-listed international programme, project management and technical consultancy said that, as at the opening of business on 2 January 2018, its Turkish subsidiary had received €13.3mln of the around €14.0mln due.
Premier African Minerals Ltd (LON:PREM) plans to float off its Zulu lithium project in Zimbabwe. The company has made significant progress on the project over the past year, and the current drilling programme continues to intersect wide and high-grade spodumene pegmatite mineralisation.
Shares in security solutions provider Westminster Group PLC (LON:WSG) ended the year in spectacular style and kicked on again today after some broker comment. House broker Beaufort Securities reiterated its ‘speculative buy’ rating in the wake of Westminster Group’s pre-Christmas Eve announcement regarding significant progress on finalising the details of a big contract in the Middle East.
New Vast Resources PLC (LON:VAST) chief executive Andrew Prelea has issued a statement giving investors his vision and mission statement. Prelea, who was president of Vast’s Romania business, replaces Roy Pitchford who decided to step down in December.
Victoria Oil & Gas plc (LON:VOG) has informed investors of a further extension to its proposed deal for the Bomono project and potential partnership with Bowleven Oil & Gas PLC (LON:BLVN).
Range Resources Ltd (LON:RRL) told investors that its latest well, at the Beach Marcelle field, is “one of the best” the company has drilled in recent years. The well, which has now been put on production, has been flowing at a stabilised rate of 120 barrels of oil per day, the company revealed.
BOS GLOBAL Holdings Ltd (LON:BOS) still needs to augment its board after announcing the appointment of one non-executive director - Will Giles - and the resignation of another, Mark Uren. The company's constitution stipulates that there should be at least three directors and at present it only has two.
Obtala Limited (LON:OBT) has announced the initial funding of a new wholly owned subsidiary, Obtala (Hong Kong) Limited, with the cash earmarked for the financing of the group’s timber trading activities.
Ortac Resources Limited (LON:OTC) has appointed Jonathan de Thierry to its board of directors. de Thierry is a trained geologist with 25 years of experience to his name, and one of the founders of Casa Mining, which has now become the central asset in Ortac's portfolio.
Tower Resources PLC (LON:TRP) has issued share warrants to its directors, in lieu of fees, in order to preserve the company’s working capital.
Caledonia Mining Corporation PLC (LON:CMCL) (TSX:CAL)has announced a quarterly dividend of US$0.06875 as gold production from the Blanket mine in Zimbabwe continues to throw off cash. Current guidance is for the mine to produce between 54,000 and 56,000 ounces of gold this year.
Concepta PLC (LON:CPT), the UK healthcare company and developer of a proprietary product targeted at the mobile health market with a primary focus on women's fertility, announced that Beaufort Securities Limited has ceased to act as the company's joint broker with immediate effect. NOVUM Securities Limited remains as the company's sole broker.