Kibo Mining PLC (LON:KIBO) told investors that it remains optimistic the memorandum of understanding (MOU) entered into for the Mbeya Coal to Power Project will be completed. It follows meetings during December in Tanzania, with the Ministry of Energy and the Tanzania Electric Supply Company.
Mporium Group PLC (LON:MPM) announced a commercial agreement for its IMPACT technology with leading media investment management company GroupM UK. The latter is the leading investment management company for giant WPP's media agencies including Mindshare and MediaCom and is responsible for more than US$108bn in annual media investment.
Europa Oil & Gas Holdings PLC (LON:EOG) and Union Jack Oil PLC (LON:UJO) were among the joint venture partners negatively impacted as the future of the Wressle oil project remains in doubt following a decision by the UK planning inspectorate.
Shares in Metal Tiger PLC (LON:MTR) advanced in London in early deals as it updated on its Botswana copper joint venture, saying the highest grade to date had been hit at the T3 project. Its partner MOD Resources (ASX:MOD), which has 70% of the project, revealed one hole in the final batch of assays had hit 18 metres (m) at 4.3% copper and 94 g/t (grams per ton) silver from 146m.
Premier African Minerals Ltd (LON:PREM) is in talks over financing options for its RHA tungsten mine following December's output as it also updated on its plan to list the Zulu lithium project in London. The miner said that while throughput last month exceeded the target of 6,000 tonnes in feed, the ore processed was largely from on-strike development at a diluted grade insufficient to achieve planned profitable production.
Atlantis Resources PLC (LON:ARL), which is transforming into a diversified renewable energy company, is set to sell its 50% stake in its Canadian joint venture to partner DP Energy. The cash deal will allow Atlantis to focus on other opportunities in the UK, Europe and Asia, it said.
Cabot Energy PLC (LON:CAB) has revealed provisional results from the 10-32 sidetrack well in the Rainbow area, in Canada, where an oil flow rate of 344 barrels of oil per day has now been measured.
Life sciences group Abzena plc (LON:ABZA) has moved into its new 30,000 square feet head office in Cambridge.
ReNeuron (LON:RENE) plans a share consolidation, which it hopes will improve the marketability and liquidity of the stock along with trading activity. The stem cell specialist said it wants to reduce its equity base by a factor of 100, which, based on Thursday’s close of 1.825p, would push the price to 182.5p.
SkinBioTherapeutics PLC (LON:SBTX), a life science company focused on skin health, announced the appointment of Northland Capital Partners as the company's joint corporate broker, alongside Turner Pope Investments, with immediate effect.
Motif Bio Plc (LON:MFTB) (NASDAQ:MTFB), a clinical stage biopharmaceutical company specialising in developing novel antibiotics, announced today that it will participate in the Cantor Antibiotics Summit on January 17, 2018 at the Omni Berkshire Hotel in New York.