Powerhouse Energy Group Plc (LON:PHE) has updated investors on the successful demonstration plant, at University of Chester’s Thornton Science Park, where it has been processing waste to create a synthetic gas fuel. The company’s DMG (or Distributed Modular Gasification) system was commissioned in the summer of 2017 and it has been operating safely and efficiently for more than six months.
PCF Group Plc (LON:PCF) has said trading in the first five months of the current financial year has been strong, in line with the AIM-listed specialist bank's management expectations. In a trading statement to be delivered at the group's annual general meeting today, PCF's chief executive Scott Maybury said that “new business originations in the five-month period to 28 February 2018 were 93% ahead of the comparative period last year at £54.5mln (2017: £28.2mln).”
Technology recruitment company Harvey Nash Group plc (LON:HVN) shrugged off the impact of Brexit uncertainty on business confidence to deliver growth in UK gross profit last year. In a trading update, the group reported a 6% increase in gross profit in the UK & Ireland in the year to January 31, supported by improving demand in the second half for technology recruitment.
Amphion Innovations Plc (LON:AMP) saw its shares gain 7% on Friday after the developer of medical, life science, and technology businesses announced a year’s extension to the redemption of £6mln worth of convertible promissory notes.
Kibo Mining PLC (LON:KIBO) saw its shares fall after the miner revealed that it has yet to receive the £750,000 proceeds from its recent placing from collapsed broker Beaufort Securities which conducted the fund-raising. As a result, the group said, admission to AIM of the 17,647,060 ordinary shares in the placing has been put on hold until further notice. The company added that it is urgently seeking further clarification on the matter, in particular the timeline for the expected release of the outstanding proceeds and an update on the situation will be provided as soon as more information is available.
Galileo Resources PLC (LON:GLR) hailed drill results from three of its first four holes at the Star Zinc project in Zambia, which showed very high-value zinc intersections, it said. Notably too, there were also high values found of silver and germanium (Ge), a metal used in microscopes, cameras and as an alloying agent. Big Pic in February.
Pan African Resources plc (LON:PAF) has started to increase production again at its Barberton mine complex in South Africa after reaching a new high-grade gold zone. Barberton, which comprises the Fairview, Sheba and Consort mines, has seen a rise in average grades to 11.5g/t in February from 8.7g/t during July - December.
European Metals Holdings Ltd (LON:EMH) told investors that it remains “entirely focused” on working with all stakeholders related to its assets in the Czech Republic. The company has issued a statement following public statements by the Minister of Industry and Trade, and correspondence sent to the company, which according to the company, purported to terminate a Memorandum of Understanding with the ministry.
Personal Group Holdings plc (LON:PGH) has launched its salary sacrifice offer to the employees of Royal Mail Group PLC (LON:RMG) with immediate effect. This service will be provided by the company’s PG Let’s Connect business. In October 2017, the company announced that the intended launch of the Let's Connect service to Royal Mail had been delayed for internal operational reasons, but it has now launched the plan in accordance with the group’s revised schedule.
Amur Minerals Corporation (LON:AMC) said it has completed construction of the 350km long ice road from the Ulak station, on the Baikal-Amur rail line, to its Kun-Manie project a week earlier than last year. The AIM-listed mineral exploration company, focused on base metal projects in the far east of Russia, said that the ice road was completed on 15 February, and nine vehicle convoys are now transporting the supplies to Kun-Manie, nickel sulphide deposit in Russia.
Savannah Resources Plc (LON:SAV) has received permitting approvals for its assets in Oman. It received eight approvals – one for the Maqail South mining licence application, and seven for the Mahab 4 area. Talks are now ongoing over the final outstanding approval, from the Ministry of Housing.
Bacanora Minerals Ltd (LON:BCN) is confident it will start construction at its Sonora lithium mine in Mexico on schedule even though a share placing and offtake deal with Chinese firm Nextview is in doubt. Nextview is in default of a £31.2mln placing, which would have filled the final part of the US$180mln cost of the first phase of construction at Sonora.
Vast Resources PLC (LON:VAST) told investors Andrew Prelea and Craig Harvey had been appointed as directors of the board as it also updated on the Mercuria Energy Trading offtake offer. Both will continue as chief executive and chief operating officer respectively.
The Marketing Group PLC (NASDAQ OMX:TMG) has made Jon Beattie, chief executive and co-founder of TMG agency Marker, its chief technology officer. The new position reflected its commitment to technology and a platform approach to global marketing, said TMG.
Range Resources PLC (LON:RRL) has disclosed details of the new employment contract entered into with executive director Lubing Liu who, as announced on February 21, has been appointed group chief operating officer and general manager of Trinidad from 1 March 2018. The firm said Liu will be paid a set annual fee of US$84,000 as chief operating officer, and a set annual fee of US$60,000 as Trinidad general manager, with a 3 month termination notice period for both roles.
I3 Energy PLC (LON:I3E) announced that on 1 March 2018, in relation to the Loan Note Agreement as announced on 6 February 2018, it received notice of exercise from James Caird Asset Management (JCAM) to convert part of the loan with an aggregate par value of US$500,000, into shares. Following this conversion, the value outstanding on the Loan will be US$2,000,000. The group added that it has therefore today allotted 1,516,876 ordinary shares to JCAM.