KEFI Minerals plc (LON:KEFI) has secured US$30mln of new investment at the project level for its Tulu Kapi gold mine development in Ethiopia. "KEFI has now assembled the proposed full project funding consortium, including contractors, equity and non-equity capital and is expected to move towards full financial close later this year," said chairman Harry Anagnostaras-Adams.
BATM Advanced Communications Limited (LON:BVC) said it has been awarded a ‘significant’ contract by a government defence department to supply enhanced cyber communication technology.
Highlands Natural Resources Plc (LON:HNR) has updated investors on its project to explore for nitrogen gas resources, to support its DT Ultravert well services technology. It plans to re-enter and re-complete a well in Kansas. The programme is expected to deliver data that will inform future phases of exploration and de-risk future activities from a safety perspective (the area is seen to be under high pressure).
PCG Entertainment Plc (LON:PCGE) has completed a fundraising through the placing of new shares as it issued an update on its current business. The AIM-listed gambling group said it had raised a total of £303,000 before expenses through the placing of around 202mln new shares at a placing price of 0.15p each.
Keyword Studios PLC (LON:KWS) has completed its fifth acquisition of the year, snapping up fellow video games services provider Blindlight in a deal worth up to US$10mln (£7.5mln).
Echo Energy Plc (LON:ECHO) has released details of what it described as “very positive” well testing results, following the successful work-over of the CSo-85 well at the Fracción D asset, Argentina. A maximum flow rate of 2.5mln cubic feet of gas per day was measured in the well during a sixteen day period of stabilised gas production.
Summit Therapeutics PLC (LON:SUMM) has discovered a second series of “promising” compounds which it believes could be used to treat gonorrhoea.
Harvest Minerals PLC (LON:HMI) has raised £9.712mln from an oversubscribed share placing providing funds to strengthen its balance sheet while it ramps up operations at the Arapua fertiliser project in Brazil. Following an accelerated bookbuild, the AIM-listed firm said 52.497mln shares were placed with certain existing and new institutional and other investors at a price of 18.5p per share.
Pembridge Resources PLC (LON:PERE) has secured US$30mln in off-take finance from a major Japanese trading house. The deal allows Pembridge to sell copper from its Minto mine at the mine gate, thus eliminating the mine's historic need for the significant working capital reserves to tide it over when shipping isn't possible in the winter.
WideCells Group PLC (LON:WDC) has reconfirmed it has received commitments for its shares placing of at least £1.8mln, and anticipates being able to close the fundraiser before the end of the month. The sum expected to be raised is in excess of the £1.5mln it requires to continue as a going concern.
PowerHouse Energy Group PLC (LON:PHE) has highlighted the potential for its DMG System to harness the energy contained in plastic waste by converting it to clean hydrogen, as a mechanism to reduce the impact of plastics on the oceans.
MaxCyte Inc (LON:MXCT) said it has entered into an R&D agreement with the US National Institutes of Health (NIH) to develop treatments for sickle cell disease. They will do so using next-generation CRISPR/Cas9-based single-nucleotide correction technologies enabled by MaxCyte's cell engineering platform.
New data for Motif Bio Plc’s (LON:MTFB) has confirmed that its next generation antibiotic iclaprim was better tolerated and safer than a rival drug in two recent late-stage studies. Big Pic in April.
Avacta Group Plc (LON:AVCT) has announced the appointment of Dr Eliot Forster as non-executive chairman to the board with immediate effect. The AIM-listed firm said Dr Trevor Nichols, who has acted as chairman of the board since January 2014, will remain on the Board as non-executive director.
Vast Resources PLC (LON:VAST) has recommended that shareholders approve a possible equity funding as it set the date for a general meeting, to be held on June 25 in London. The mining investor, in a letter to shareholders, said that it has identified an additional funding requirement of US$2.18mln – which would fund additional dewatering at the Baita Plai mine, pay for equipment at the Manaila mine and provide seed capital for new projects.
Chaarat Gold Holdings Ltd (LON:CGH) ended the year to December 2017 with just over US$7mln in the bank, after booking a pre-tax loss of US$18mln The loss included a US$10mln impairment charge for assets under construction, as Chaarat continues to advance its Tulkubash gold project in Kyrgyzstan. The company subsequently made a bold and unsolicited offer for Centerra's Kumtor mine.
BlueRock Diamonds PLC (LON:BRD) has announced that work has commenced to rectify the fault in the cone crusher within the crushing circuit, which has been affecting throughput at Kareevlei Diamond Mine in South Africa. The AIM-listed diamond mining company said when fixed, the cone crusher will allow for improved capacity as BlueRock enters its next phase of development.
Active Energy Group PLC (LON:AEG) has signed a Memorandum of Understanding (MOU) with Young Living Farms for a compost producing plant utilising its PeatSwitch technology. The two firms agreed a partnership deal in February and the plant will be built on the site of YLF's lavender farm and essential oil distillery located near Mona, Utah.
Genedrive PLC (LON:GDR) announced that it has now completed the sale of its contract research and pharmacogenomics divisions for an aggregate cash consideration of up to £1.9mln.