Tungsten mine developer W Resources PLC (LON:WRES) has inked two major long-term offtake agreements for product from its La Parrilla project in Spain. The first is with Wolfram Bergbau und Hütten AG (WBH), which is the largest tungsten processing company in Europe and the second is directly with a leading supplier to the USA tungsten markets.
Mineral sands producer Base Resources Ltd (LON:BSE, ASX:BSE) posted a 466% increase in net profit in the latest half year as it increased mining volumes and grades at its key Kwale operation in Kenya. Sales revenue from Kwale was up 28% in the period to A$115.9mln compared to A$90.6mln in the same period in 2016, with the main drivers being the higher ilmenite and zircon prices.
ECR Minerals PLC (LON:ECR) has informed investors that its subsidiary, Mercator Gold Australia, has renewed exploration licence EL5433 in Central Victoria has been extended for five years. The licence is host to the Bailieston gold exploration project, and it now expires in March 27.
US Oil and Gas PLC (LON:USOP) updated on progress in Nevada, where it is preparing to drill two new wells in Hot Creek valley. The firm said groundworks, including road improvements and access ways, have been completed and the drill pads for Eblana-3 and Eblana-6 have been prepared. A water well has also been sunk, it added.
StatPro Group PLC (LON:SOG) announced that it has acquired the remaining shareholding in Infovest Consulting (Pty) Ltd, a South African software provider specialising in ETL and reporting software for the asset management industry. The AIM-listed provider of cloud-based portfolio analysis and asset pricing services said in a statement that it had acquired the remaining 27.3% shareholding in Infovest for ZAR30.4mln (£1.9mln) in cash.
Mporium Group PLC (LON:MPM), the technology firm delivering event-driven marketing, announced that on 23 February 2018, its chief executive officer, Nelius De Groot was granted an option over 8mln ordinary shares exercisable at a price of 8p each. In a separate statement, the group also announced the appointment of Nicholas Bertolotti as a non-executive director of the company.
BB Healthcare Trust PLC (LON:BBH) announced that Josephine Dixon will temporarily step down as chair of the company’s Audit Committee with immediate effect due to health reasons but will remain on the board. It said Randeep Grewal will become interim chair of the Audit Committee whilst Josephine recuperates.
AdEPT Telecom plc (LON:ADT) said it was notified today that on 22 February 2018 Christopher Kingsman, a non-executive director had increased his shareholding in the company following the purchase of 100,000 ordinary shares by Greenwood Investments Limited at a price of 305.125p each. Following the purchase, the group added, Kingsman now has a total beneficial interest in 4,249,357 ordinary shares held via Greenwood Investments, representing approximately 17.9% of the current issued share capital.
Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) (TSX-V:EOG), the oil and gas exploration company with licenses in highly prospective regions in South America and Africa, announced it has been recognized as a 2018 TSX Venture 50™ company, an annual ranking of top-performing companies on the TSX Venture Exchange over the last year. Shares in Galileo Resources PLC (LON:GLR) added over 5% in London as it updated on positive developments for the open pit Star Zinc project in Zambia, in which it has has now increased its holding to 85% from 51%. It comes after Galileo has spent more than US$250,000 on exploration, including geochemical soil sampling, permitting, and evaluation and ongoing drilling
Powerhouse Energy Group PLC (LON:PHE) said its chief executive officer, Keith Allaun has acquired 2mln shares in the company at 0.5095p each.
Summit Therapeutics PLC (LON:SMMT) (NASDAQ:SMMT), the drug discovery and development firm advancing therapies for rare diseases and infectious diseases, announced that its management will participate in one on one meetings at the 2018 BTIG Healthcare Conference on 27 February 2018 in Snowbird, Utah, US.
Jubilee Metals Group PLC (LON:JLP) has noted the announcement made today by BMR Group PLC (LON:BMR) providing an update on the appeal against the notice of cancellation, announced on 7 February 2018. Leon Coetzer, Jubilee’s chief executive commented: "We are actively supporting BMR during this process.
Harvest Minerals Limited (LON:HMI), the AIM listed fertiliser development company announced that an updated version of its corporate presentation is now available on the company's website at www.harvestminerals.net.
Lombard Risk Management plc (LON:LRM) announced that, in association with its recommended cash takeover by Vermeg Group NV, the proposed cancellation of trading on AIM will occur 24 hours later than previously notified, now at 7.00 a.m. (London time) on 27 February 2018.