Proactive news snapshot: Greatland Gold, Sirius Minerals, Bacanora Lithium …

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Following on from two announcements in June, Greatland Gold plc (LON: GGP), has recovered additional gold pieces from surface samples at the 100%-owned Black Hills licence in the Paterson region of Western Australia. The company now intends to accelerate its exploration efforts.

Sirius Minerals PLC’s (LON:SXX) Woodsmith mine in North Yorkshire remains on track to deliver first polyhalite production in 2021. Big Pic in April.

Bacanora Lithium PLC (LON:BCN), the London-listed lithium company, has confirmed it is in the final stages of talks with a number of financing and offtake partners. As these negotiations continue, the company said it will provide updates to shareholders with its plan for the full funding for the construction of Stage 1 of the project.

PowerHouse Energy Group PLC (LON:PHE) shares rose as it confirmed weekend press reports that it is in talks with Japanese car maker Toyota. The report suggested that Toyota is working with Powerhouse to use the UK company’s DMG technology, which turns waste into clean hydrogen.

Rockfire Resources Plc (LON:ROCK) saw its shares jump after it revealed an estimate based on historical data from its Copperhead project in northern Queensland, Australia. The AIM-listed miner said an appraisal of past exploration at Copperhead had revealed an estimate of copper content of 35mln tonnes at 0.16% Cu for 56,000 tonnes of copper according to calculations from the Carpentaria Exploration Company in 1972.

Metal Tiger PLC (LON:MTR) has boosted the copper resource at the T3 project in Botswana to 60mln tonnes grading 0.98% copper and 14 grams per tonne silver to give a contained total of 590,000 tonnes of copper and 27mln ounces of silver. Separately, Metal Tiger has appointed Mark Potter as chief investment officer. Potter was formerly a director and chief investment Officer of Anglo Pacific Group plc (LON:APF).

Berkeley Energia LTD (LON:BKY) has thanked the government of Castilla y León for its continued support of the development of the Salamanca uranium mine. This was manifest last week when the government rejected a resolution from opposition groups requesting that Berkeley's €250mln investment be halted.

Sound Energy PLC (LON:SOU) has raised net proceeds of approximately US$14.25mln from a placing of new shares to be used to strengthen the company's cash position as it initiates its high impact three well exploration programme.

88 Energy Ltd (LON:88E ASX:88E) has suspended production testing at the Icewine#2 well in Alaska.

Kromek Group PLC (LON:KMK) said the year to the end of April 2018 was a milestone year for the radiation technology company, as revenue growth meant underlying earnings – or Ebitda – turned positive for the first time.

Avation PLC (LON:AVAP) has predicted a revenue jump in a trading update ahead of its full-year results following an expansion in its fleet of aircraft. The commercial aircraft leasing group said its business was operating in line with expectations, with revenue for the full-year estimated at around US$109mln, over 15% higher than the previous year.

StatPro Group PLC (LON:SOG) has announced it has acquired Regulatory Risk Services Bureau from Franco-German financial services group ODDO BHF, for undisclosed sum in cash. The AIM-listed firm said that acquisition adds a full, managed service for regulatory risk reporting capability, which will use StatPro’s existing Revolution platform, thus expanding the service delivery options for its clients.

The financial year just ended was “an outstanding year for organic growth”, Plastics Capital Plc’s (LON:PLA) chairman, Faisal Rahmatallah, said.

Capital Network has issued a research note on Plastics Capital Plc (LON:PLA) in the wake of today’s full-year results, with analyst Ed Stacey saying he believes that “the current valuation at a Mar2019 price/earnings ratio of 9.3x represents an interesting entry point in light of these growth dynamics”.

Lionsgold Limited (LON:LION) has said it is preparing to pilot the mobile banking app for its gold currency GOLDBLOC.

Abzena plc (LON:ABZA) has signed GMP strategic manufacturing and bioconjugation agreements with Telix Pharmaceuticals Limited (LON:TLX), a clinical-stage biopharmaceutical company focused on the development of diagnostic and therapeutic products.

Heavy thunderstorms have temporarily disrupted operations at Mosman Oil And Gas Limited’s (LON:MSMN) Arkoma project in Oklahoma.

Corero Network Security PLC (LON:CNS), the global network security company, has won a U$500,000 order from a North American service provider.

Hummingbird Resources PLC (LON:HUM) saw its shares rise on Monday on news it has it started the exploration drilling campaign on its mining permit in Mali. In a statement, the AIM-listed company said that the new drilling is targeting conversion of resources to reserves, extending the life of the Yanfolila gold mine.

The board of Stobart Group Ltd (LON:STOB) has told shareholders that the re-appointment of former executive director Andrew Tinkler would not be in the best interests of the company. Stobart served notice on Tinkler earlier this month, summarily terminating his employment.

Ergomed Plc (LSE:ERGO) has announced the appointment of Stuart Jackson as the group’s chief financial officer with immediate effect. The AIM-listed company, which is focused on providing specialised services to the pharmaceutical industry, said Jackson has “significant international experience in early stage and growth companies as well as managing significant and complex change projects.”

Flying Brands Ltd (LON:FBDU) said its subsidiary, Imaging Biometrics (IB), has entered into an agreement with medical imaging company Medimsight. The investment company said that IB, a medical imaging and diagnosis software firm, would provide access to its quantitative software solutions via the Medimsight platform, allowing physicians and researchers to purchase the core processing power of IB's FDA cleared technologies without the need for any specific IT infrastructure.

Advanced Oncotherapy PLC (LON:AVO), the developer of next-generation proton therapy systems for cancer treatment, announced that Dr Sanjeev Pandya, Dr Euan Thomson and Prof Chris Nutting have stood down from the board. It added that Dr Thomson and Prof Nutting will continue to contribute to the company's development by becoming members of the Medical Advisory Board. In addition, the group said, subject to completing due diligence procedures, it will appoint Peter Sjostrand, Gabriel Urwitz, Zhang RenHua, Chunlin Han and Dr Yuelong Huang as non-executive directors, with Sjostrand to become its vice chairman.

Sure Ventures PLC (LON:SURE) has raised gross proceeds of £200,000 under the placing progamme, as described in the prospectus published on 17 November 2017. The group said the ordinary shares have been issued at 100p each, which after the costs and expenses of the issue represents a premium to the last published NAV per share of 92.12p per share.

LIVE Company Group PLC (LON:LVCG) said the following dates for events in July 2018 have now been confirmed: 4 July - opening of the first BRICKLIVE Centre at the Fulong resort in China; 7-22 July - BRICKLIVE show in Rosario, Argentina with South American partner EXIM Entertainment; 10 July - launch of the first BRICKLIVE Kids Café in Dongdaemun Design Plaza, Seoul, South Korea; 12-22 July - BRICKLIVE show in Cordoba, Argentina with South American partner EXIM Entertainment; 19-22 July - BRICKLIVE show in Glasgow, Scotland with UK partner Multiplay; 26-29 July - BRICKLIVE show in Bangkok, Thailand with ASEAN partner BEC-Tero Entertainment.

Greka Drilling Limited (LON:GDL) said it has been unable to publish its annual accounts for the year ended 31 December 2017 by 30 June 2018 and accordingly trading in the company's shares on AIM has been temporarily suspended pending publication of the annual report and accounts. The firm noted that a change in accounting personnel at the company has contributed to the delay although its auditors are concluding their review at present and the group expects to publish the annual report during the course of this week.

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