European Metals Holdings Limited (LON:EMH) has commenced work on an update of the preliminary feasibility study for the Cinovec lithium and tin project in The Czech Republic. This study will model the production of higher value lithium hydroxide, the use of which is increasing in lithium ion batteries.
Regency Mines Plc’s (LON:RGM) 47%-owned associate Mining Equity Trust (MET) has forecast revenues of US$30.5mln for the ten months to June next year. MET has just resumed metallurgical coal production at Cedar Bluff in the Central Appalachian region in Virginia.
OptiBiotix Health plc (AIM: OPTI) has licensed out its cholesterol-lowering bacteria to an unnamed US company, which plans to use it to create a high-value pharmaceutical drug. Financial details of the deal weren’t disclosed; however, Optibiotix said it would receive a six figure payment on the official signing of the agreement and two ‘milestone’ awards totalling seven figures.
Shares in Greatland Gold plc (LON:GGP) surged after the exploration and development company released new rock chip results from its Black Hills licence in Australia. Greatland collected 28 rock chip samples over the Saddle Reefs prospect at Black Hills and several rock chip samples from the Rogers prospect, none of which contained any visible gold.
Seeing Machines Limited (LON:SEE) has told investors it is “increasingly excited” by the prospects for its technology in autonomous cars, but has admitted that the delays in its fleet division are “disappointing”.
Founder Peter Scott has quit as Be Heard Group PLC (LON:BHRD) chief executive and stepped down from the board with immediate effect. He will remain as a strategic advisor to the board for the next twelve months to support the business in its new phase of growth.
KEFI Minerals plc (LON:KEFI) has received key development and financing policy approvals for the Tulu Kapi gold project from the Ethiopian government. Approval at the project level was received back in 2015, so these latest approvals almost complete the permitting process for Tulu Kapi.
BlueRock Diamonds PLC (LON:BRD) said kimberlite processing has begun from its KV1 pipe at the Kareevlei diamond mine in South Africa.
Redx Pharma Plc (LON:REDX) has confirmed it will restart a phase I/IIa clinical trial of its lead cancer drug in the first half of next year – but at a much reduced dose. It follows what it described as a “positive” meeting with the Medicines and Healthcare products Regulatory Agency, the drugs watchdog.
Taptica International Ltd (LON:TAP) has reported a jump in both income and profits in its half-year results as its newly acquired Tremor Video division boosted its earnings.
Internet of Things (IoT) enabler Telit Communications Plc (LON:TCM) has had a chequered past but said today its turnaround plan is on course with a return to double-digit top-line growth.
Europa Oil & Gas Holdings Plc (LON:EOG) has suffered a new disappointment in its efforts to test the Holmwood prospect, in Surrey, onshore UK. The company, in a statement, told investors that the authorities have decided not to renew the lease for the proposed operations site at Bury Hill Wood, Coldharbour Lane. It said it was informed by the Head of Estates at the Forestry Commission, who relayed the decision made by the Minister for the Environment, Food and Rural Affairs.
Union Jack Oil PLC (LON:UJO) chairman David Bramhill has downplayed the potential impact of the new planning disappoint for the Holmwood project. Bramhill said: "The potential consequences of the Minister's decision are minimal for Union Jack as it holds a balanced portfolio of ten attractive onshore licence interests in the UK, including producing assets at Keddington and Fiskerton, a development project at Wressle and a planned well at Biscathorpe to be drilled during October/November 2018."
Botswana-focused Kavango Resources Plc (LON:KAV) said contractors have now been appointed to carry out the airborne geophysical survey over its Kalahari Suture Zone (KSZ) licences. At present Kavango holds 12 prospecting licences at KSZ covering 6,928 square kilometres, based on a major under explored 450km long structural feature.
Wealth management group European Wealth Group Limited (LON:EWG) saw further growth in funds under management and administration (FUMA) in the first half of 2018. EWG shareholders approved the group's change of name to Kingswood Holdings today.
The chief executive of Arix Bioscience Plc (LON:ARIX) is to step aside and move into a new role as part of a reshuffle of the life sciences investor’s executive management team. Joe Anderson has served as Arix’s CEO since its inception back in 2016 but will transition into his new role as chief investment officer where he will focus on new investments and work with existing group companies to build and realise value.
Mosman Oil And Gas Limited (LON:MSMN) told investors that production rates at the Welch project, in the permian basin, continue to increase. The company, in a statement, said that following well workovers in June the average gross production before royalties was reported to have increased to around 44 barrels of oil per day.
The latest batch of assay results from the A4 Dome in Botswana, held in joint venture by Metal Tiger PLC (LON:MTR) and MOD Resources Ltd (ASX:MOD), has confirmed further copper intersection. This mineralisation is just eight kilometres from the T3 project, which already boasts a sizeable resource.
Chaarat Gold Holdings Ltd (LON:CGH) has significantly increased the resource estimate for its Tulkubash oxide gold deposit in the Kyrgyz Republic.
Forestry and timber group Obtala Ltd (LON:OBT) posted a substantial rise in half year revenues as its Gabon-based sawmill ramped up production. Sales in the six months to June were US$6.6mln (US$149,000) with a US$1.15mln swing to gross profits of US$347,000.
Braveheart Investment Group PLC (LON:BRH) announced that, further to its announcement dated 21 August 2018, GyroMetric’s shareholders have approved the exchange of part of Braveheart's holding in GyroMetric Systems Limited in return for the issue of ordinary shares in Strat Aero PLC (LON:AERO). Accordingly, Braveheart added, the consideration of £273,600 will be satisfied by the issue of 23,791,304 new shares in Strat Aero.
Savannah Resources Plc (LON:SAV), the AIM quoted resource development company has announced that it has successfully applied for a secondary listing of the company's ordinary shares on the Quotation Board Segment of the Open Market of the Frankfurt Stock Exchange, commencing at 9am CET, 4 September 2018.
Tower Resources PLC (LON:TRP) the AIM-listed oil and gas company focused on Africa, announced that to coincide with the company's participation at the Oil Capital Conference in London, an updated corporate presentation is available on the company's website.