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The Markets
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Proactive news snapshot: ITM Power, SIMEC Atlantis Energy, TLOU Energy …

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

A ground-breaking green energy pilot involving ITM Power PLC (LON:ITM) has been given the green light. The HyDeploy project will blend up to 20% hydrogen into an existing natural gas network.

SIMEC Atlantis Energy Limited (LON:SAE) has awarded the front-end engineering and design (FEED) contract for its Uskmouth power plant conversion project to a consortium consisting of WSP UK and RJM.

TLOU Energy Ltd (LON:TLOU) updated investors on its field operations in Botswana where it is advancing the Lesedi coalbed methane project. It told investors that the vertical Lesedi-3P well had now been drilled down to its total depth of 575 metres.

KRM22 PLC (LON:KRM) has inked a partnership deal with Vector Risk, a market and credit risk solution provider, to provide software for its Global Risk Platform (GRP).

Cabot Energy Plc (LON:CAB) has revealed a 26% increase in proved and probable reserves as it reported its annual inventory report. It comes as a result of revised studies and documentation of the subsurface and surface facilities.

Shares in ECR Minerals PLC (LON:ECR) were lifted in late-afternoon trading Tuesday after its chief executive, Craig Brown, said the company had reached “a very interesting point in its development” as it updated on the progress of its gold, energy metals, and minerals projects. The AIM-listed metals exploration firm said work was continuing across multiple exploration activities at its 100% owned gold portfolio in Victoria, adding that it had also identified “a number of corporate avenues” for building shareholder interests at its Sierra de las Minas project in Argentina.

Curzon Energy Plc (LON:CZN) has unveiled a number of management changes, with the most significant being the promotion of non-executive director Scott Kaintz to the position of chief executive.

Pan African Resources plc (LON:PAF) produced 37,729 ounces of gold during the first quarter of the 2019 financial year. And chief executive Cobus Loots struck an optimistic tone when commenting on the likely performance for the rest of 2019.

Caledonia Mining Corporation PLC (LON:CMCL) is to move ahead with the acquisition of a further 15% of the Blanket gold mine in Zimbabwe from local investment group Femiro. Separately, Caledonia has moved to reassure investors that the ongoing shortage of foreign exchange in Zimbabwe has not impacted operations at Blanket. The company said it is in touch with the highest levels of government in Zimbabwe, and that the matter is receiving urgent attention.

AfriTin Mining Limited (LON:ATM) has started drilling at the Uis in Namibia to firm up the resource ahead of the planned re-opening of the tin mine. Anthony Viljoen, chief executive, said the historical database originally created for Uis is extensive with a high level of detail and will be used to speed up the validation drilling and exploration programme.

Kazera Global PLC (LON:KZG) has now drilled and assayed 360 cores with further cores and channel sampling sent for assay at the Namibia Tantalite mine in Namibia.

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