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Proactive news snapshot: Erris Resources, Faron Pharma, Chariot Oil & Gas …

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

Near-surface drill results from Erris Resources plc’s (LON:ERIS) Abbeytown project in County Sligo, Ireland have once again confirmed the presence of high-grade zinc mineralisation.

Research to be published in a leading scientific journal reveals how Clever-1 is important in the process of humoral immunity. Clever-1 is a cell surface receptor shown to control a certain form of immunity. Faron Pharma Oy (LON:FARN) is developing a fully human anti-Clever-1 antibody called Clevegen. It said the efficacy of anti-Clever-1 antibodies in experimental models supported the development of its potential cancer immunotherapy, which is due to enter the clinic later this year.

It was a six month period that began with disappointment for Chariot Oil & Gas Limited (LON:CHAR), but, there’s presently a degree of positivity and optimism with the next ‘high impact’ possibility due to start before the year’s end. Time will tell whether 2018 will be a tale of two halves, and two exploration outcomes.

ReNeuron Group Plc (LON:RENE) will tell investors at its annual meeting that a phase IIb clinical trial of its potentially breakthrough CTX cell treatment for stroke will soon get underway in the US. The first of a group of 110 patients taking part in PICSE III will be enrolled ‘shortly’.

Echo Energy Plc (LON:ECHO) chief executive Fiona MacAulay has told investors she expects the level of activity seen in the first half of the year to continue throughout the rest of the year. In the first half, Echo completed its farm-in deal to secure assets in Argentina and quickly got to work.

Ormonde Mining plc (LON:ORM) has achieved a “major milestone” in the development of its Barruecopardo tungsten project in Spain. In an update for the project, the AIM-listed mining firm said during August commissioning had commenced for the turnkey crush and screen plant, with the first trial of waste rock through the primary crusher having been carried out successfully.

Kazera Global PLC (LON:KZG) said channel sampling has commenced at the Homestead location of the Namibia Tantalite Investment Mine (NTI), with a number of core samples being prepared for assay.

Kore Potash PLC (LON:KP2) has received approval to build a transhipment facility eleven miles offshore from the port at Tchiboula in the Republic of Congo. The permit is for a jetty to transfer potash shipped to the port from its Kola project onto large ships and also covers the Dougou and Dougou extension deposits. In a separate statement, Kore's results for the half-year to June showed a loss of US$4.6mln (US$691,000).

Strat Aero PLC (LON:AERO) has said it will change its name to Remote Monitoring Systems PLC to better reflect the current and future focus of the business. The AIM-listed services provider for unmanned aerial vehicles (UAV) said the name change, which will also change its ticker symbol to RMS, will take effect from 13 September.

Bluejay Mining PLC (LON:JAY) has updated investors on its bulk sampling programme at the Dundas project in Greenland, where the operation has now stockpiled some 10,000 tonnes of ilmenite containing material. Specifically, in the statement, the company said it has excavated, screened and stockpiled the material. The run-of-mine grade is above 40% ilmenite, and, it is now awaiting delivery instructions for processing and/or testing by interested parties.

Active Energy Group PLC (LON:AEG) has confirmed that, further to the announcement after the AGM on 23 July, the application process for the Crown Timber Licence and Forestry Management Agreement has continued with the Government of the Province of Newfoundland and Labrador. The group said the government has confirmed to the company that the application and award process remains under the final stages of active review by all relevant Government Departments. It added that further announcements will be made as soon as practicable.

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