Amur Minerals Corporation (LON:AMC) has boosted the nickel resource at its Kun-Manie project in Russia by 50% to 1.58mln tonnes of contained nickel. The average grade across all deposits is 1.03% nickel equivalent. Kun-Manie now ranks as the third-largest undeveloped nickel sulphide project in the world, using March 2018 metals prices.
Strategic Minerals Plc (LON:SML) has doubled the inferred resource at its Redmoor project in the UK to 4.5mln tonnes of ore grading 1% tin equivalent. The strike length is now around a kilometre, and the mineralisation remains open at depth.
Bloomsbury Publishing PLC (LON:BMY) saw its shares jump nearly 10% higher on Tuesday after the book firm said that it expects its revenues to be ‘slightly ahead’ of expectations and profits to be ‘well ahead’ of expectations for the year ended 28 February 2018.
Hurricane Energy PLC (LON:HUR) revealed that it has received key long lead items for the Lancaster field’s early production system. TechnipFMC delivered two horizontal Xmas tree systems as well as the control system for the floating production storage and offloading (FPSO) vessel.
Falcon Media House Limited (LON:FAL) has revealed it is looking at alternative sources of funding as some monies in relation to a convertible loan note issue, unveiled on 17 October 2017, are still to be received. The global digital media group said at the time of issuing the convertible loan note that its board had allowed one of the company's major shareholders to delay payment.
Union Jack Oil PLC (LON:UJO) has confirmed the acquisition of a 10% stake in the Biscathorpe project, in the South Humber basin, onshore UK. The deal, which remains subject to regulatory approval, sees Union Jack increase its stake in the project to 22%.
Rose Petroleum PLC (LON:ROSE) updated investors on its operations in Utah’s Paradox basin where it is advancing a competitive partnering process. Last month, the explorer revealed it had seen ‘strong interest’ and that a number of parties had since followed up in the process.
Medical diagnostics group Genedrive PLC (LON:GDR) saw diagnostics revenue rise 8.3% year-on-year in the second half of calendar 2017. The company’s hepatitis C virus (HCV) ID kit, which was launched in October 2017, is rapidly becoming available in target countries, the group said in its interim results statement.
Aggregated Micro Power Holdings plc (LON:AMPH) revenue this year will be £40mln, a third higher than previously forecast. Recent positive trading during this winter season was cited as the reason for the uplift in sales, with fuel demand likely to have risen steeply with the recent UK cold snaps.
Ceres Power Holdings PLC (LON:CWR) saw revenue and other operating income practically double in the first half and expects this trend to continue for the remainder of the current financial year. In the six months to the end of December, the top line shot up to £3.08mln from £1.55mln in the corresponding period of 2016.
Motif Bio Plc (LON:MTFB, NASDAQ:MTFB) said it wanted to make the strongest possible submission to the US regulator as it confirmed it would take some additional time over the new drug application (NDA) for iclaprim. The next-generation antibiotic has been developed initially to treat acute bacterial skin and skin structure infections and has successfully negotiated two phase III clinical trials.
Drug developer ValiRx Plc (LON:VAL) has been granted a US patent over technology at the heart of its lead cancer compound VAL 201 The protection covers the molecule and a “wide variety of derivatives, modifications and analogues of the compounds and their mode of action”.
Shefa Yamim (ATM) Limited (LON:SEFA) has announced the results from three bulk samples, part of a fourteen bulk sample exploration campaign to determine a resource estimate for heavy minerals in Zone 1 at its Kishon Mid-Reach project.
Katoro Gold PLC (LON:KAT) is reassessing the economic viability of its Imweru gold project in Tanzania in the light of new mining legislation. Katoro will engage with the relevant Tanzanian government departments and also revisit the numbers in the already completed pre-feasibility study. For the time being all feasibility work is suspended. Katoro will also seek to diversify its portfolio.
Ferrum Crescent Ltd (LON:FCR) has conditionally raised about £1mln to advance its Toral lead-zinc project in northern Spain. The company has proposed the placement of more than 1.6bn new ordinary shares and the subscription of a further 130mln new ordinary shares. Ferrum also announced the appointment of Turner Pope Investments Limited as the company's joint broker with immediate effect.
BlueRock Diamonds PLC (LON:BRD) announced after the close on Monday that it has raised approximately £500,000 via a placing and subscription for 33,333,333 ordinary shares at a price of 1.5p each. The group added that each new placing share will also be accompanied by a warrant to subscribe for a further new share at a price of 3p each. In early morning trading, BlueRock shares were trading at 1.75p, down 5% on Monday's closing price.
Scotgold Resources PLC (LON:SGZ) has amended the terms of a £1mln loan provided by its chairman and major shareholder Nat le Roux. Under the new terms the repayment date is extended to September 2018, and the coupon has been revised down to 0%.
Bacanora Minerals Ltd (LON:BCN) (TSX-V:BCN) announced that, at the annual and special meeting of the lithium company held in Canada on 19 March 2018, all resolutions were duly passed, including the resolution to approve the proposed re-domicile of the company to the UK. As a result, the group said the last day of trading for its shares on Canada’s TSX Venture Exchange is expected to be 23 March 2018, with the new Bacanora Lithium PLC shares expected to be admitted to trading on AIM on 26 March 2018.