Seeing Machines Limited (LON:SEE) has confirmed that it is in negotiations to deliver its FOVIO Driver Monitoring Systems to an additional new automotive original equipment manufacturer (OEM). In a statement noting recent press rumour and speculation, the AIM-listed firm said, If secured, this program design win would be a significant win for Seeing Machines – which would be working with one or more Tier 1 automotive suppliers for a new third OEM.
Oracle Power PLC’s (LON:ORCP) Chinese partners have ratified a memorandum of understanding to proceed with the development of the Thar power station project in Pakistan. The MoU was originally signed in November between Oracle and SCIG and PowerChina, its two co-developers. The next step will be the completion of due diligence early in the next quarter.
Eurasia Mining plc (LON:EUA) has announced the commencement of site works for the 2018 field season at its West Kytlim Project in the Ural Mountains. The AIM-listed firm said terms have now been finalised with OOO Techstroy of Nizhny Tagil, an alluvial mining contractor, and machinery and equipment have been mobilised to the site with stripping works to start immediately.
Tanzania-focused miner Katoro Gold PLC (|LON:KAT) is doing additional work on the pre-feasibility study at its Imweru gold project to include recent changes to the mining laws in the country. All of the technical aspects of the PFS are now finished, said Katoro, but the economic feasibility of Imweru is being re-modelled to assess the potential impact of the new legislation and mining regulations.
Vast Resources PLC (LON:VAST) has given Mercuria Energy Group another two weeks to finalise its pre-payment offtake. Discussions are also underway with Sub-Sahara Goldia Investments (SSGI) over a similar extension to the repayment date of a US$1.68mln bridging loan due for repayment today.
Solo Oil PLC (LON:SOLO) has confirmed the completion of its deal to acquire an additional stake in the Horse Hill project, onshore UK. All conditions to the transactions have been fulfilled, and it will now pay £650,000 and issue consideration shares to the seller Primorus Investments PLC.
SDX Energy Inc (LON:SDX) has confirmed a new gas discovery in SAH-2, its latest well at the Sebou project onshore Morocco. SAH-2 was drilled down to 1,304 metres and has encountered some 5.2 metres of net conventional gas pay, across two zones (Guebbas and Hoot).
RM Secured Direct Lending Plc (LON:RMDL) told investors that it is well positioned to capitalise on opportunities, and it highlighted that its fund manager has demonstrated the ability to source excellent investment opportunities. The group, which invests in secured debts of small medium enterprises (SMEs), reported a net asset value of £56.2mln at the end of December, which equated to 98.2p per share.
Multi-commodity explorer IronRidge Resources Limited (LON:IRR), outlined a busy spell in Africa and Australia, as it posted its latest half year results. The group has been encouraged by the results generated from the recent aeromagnetics survey on its extensive gold portfolio in Chad, the firm said in the statement covering the six months to end December.
Connemara Mining PLC (LON:CON) says it's pleased that joint venture partner Group Eleven Resources Corp (CVE:ZNG) is to re-start drilling at the Stonepark Zinc project, Limerick, Ireland in the next few weeks - a key asset.
Coinsilium Group Ltd (AQSE:COIN) said it has completed a share buyback using a combination of both its own cash reserves and cryptocurrency. The NEX-listed blockchain tech company purchased 2mln of its own shares using the mixture of cash and digital currency assets for a price of 9p per share.
Asiamet Resources Limited (LON:ARS) said it received notification from option holders to exercise options over 300,000 new common shares leading it to receive proceeds of C$15,000 at an exercise price of C$0.05 per option as a result.
Kennedy Ventures PLC (LON:KENV), the AIM quoted investment company who, through its stake in African Tantalum (Pty) Limited has an interest in the Namibia Tantalite Investment Mine in Namibia, announced that its proposed change of name to Kazera Global PLC (LON:KZG) has taken effect with trading under the news ticker to begin from 12 March 2018. The company added that its new website will be available from 7am on 12 March 2018 and can be found at www.kazeraglobal.com.