PhotonStar LED Group PLC (LON:PSL) saw its shares rise on Monday after the designer and manufacturer of intelligent lighting and building control solutions said its discussions with a potential new Nomad to replace Northland Capital Partners has reached the due diligence process. The group said it believes it will be possible that it will be able to announce the appointment of the new Nomad on or before the 31st January 2019, although no guarantees can be given at this stage.
Photonstar also announced the appointment of Martin Lampshire as a non-executive director with immediate effect. The group said Lampshire has worked for a number of city based brokers including Teather & Greenwood, Charles Stanley, Hichens Harrison Stockbrokers and Daniel Stewart Stockbrokers.
Horizonte Minerals Plc (LON:HZM)(TSE:HZM) has been awarded a construction licence for the development of the Araguaia ferronickel project in Pará State, Brazil. The licence was granted by SEMAS, the Brazilian Pará State Environmental Agency.
Mineral and Financial Investments Limited (LON:MAFL) saw its shares jump on Monday after the firm lauded “transformational results” from the first full drill program completed on the Lagoa Salgada polymetallic volcanic massive sulphide project in Portugal.
Rockfire Resources PLC (LON:ROCK) told investors on Monday that soil sampling is underway at its Double Event prospect in Queensland, Australia. The company said sampling has started ahead of schedule and will aim to accurately pinpoint drilling targets in a 2.5km long range.
Highlands Natural Resources Plc (LON:HNR) has told investors that all eight new wells at the East Denver project are now online as production wells. The company owns a 7.5% interest in East Denver and it expects it will now receive robust revenue streams from the wells throughout 2019.
Block Energy Plc (LON:BLOE) released what it described as excellent initial production results from the Norio field’s well-44. The well flowed at a rate of 45 barrels per day over a five hour period. In a stock market statement Block said it had made “highly encouraging” progress towards a targeted 25-fold increase in production, with 250 bopd aimed for by the end of the first quarter.
KR1 Plc (LON:KR1) has set up a subsidiary in Gibraltar, KRX Ltd through which it intends to sponsor credible, token-based projects to list onto the Gibraltar Blockchain Exchange (GBX), a move which it believes will “provide a new and potentially significant revenue stream for the company”.
Ariana Resources PLC (LON:AAU) produced 27,110 ounces of gold during the year to December 2018, exceeding initial full year production guidance of 20,000 ounces. Gold production for the fourth quarter was 7,517 ounces.
SDX Energy Inc (LON:SDX, CVE:SDX) has revealed a positive start to 2019 with the SRM-3 well, at the South Ramadan project in Egypt, unearthing oil pay in multiple reservoir zones. SRM-3 was drilled down to a depth of 15,635 feet. It encountered 75 feet of net conventional oil pay in its primary target, the Matulla reservoir, also 20 feet in the Brown Limestone formation and 15 feet in the Sudr section.
Digital marketing services company Be Heard Group PLC (LON:BHRD) saw a marked improvement in underlying profitability in the second half of 2018.
Radiation detection solutions specialist Kromek Group PLC (LON:KMK) is on track to achieve revenue growth and in-line underlying earnings (EBITDA) over the full year.
ITM Power PLC (LON:ITM) has secured the first sales of its hydrogen production systems in Australia. Four of the AIM company’s 250-kilowatt (kW) electrolyser units totalling 1-megawatt (MW) have been sold to three different Aussie customers.
Coinsilium Group Limited (AQSE:COIN) has hailed “record levels of institutional investment” in blockchain companies over the last 12 months as it issued a strategic business update.
Plexus Holdings PLC (LON:POS) has revealed a deal with Russia-focused partner Gusar which is expected to inject new impetus to the roll-out of the POS-GRIP jack-up rig systems. AIM-quoted Plexus will buy-back 4.95mln of its shares currently held by Gusar for £2.5mln of cash, with the transaction priced at 50.5p per share.
Caledonia Mining Corporation PLC (LON:CMCL) produced 14,952 ounces of gold during the quarter ended December 31, 2018, a seven per cent increase over the previous quarter. Total gold production for the year to December 31, 2018 was approximately 54,512 ounces.
Strategic Minerals PLC (LON:SML) shares jumped in mid-morning trading Monday after its subsidiary, Southern Minerals Group, obtained an early extension to its access of the Cobre magnetite stockpile in New Mexico.
Regency Mines PLC (LON:RGM) has shifted the main burden of its debt repayments into 2020 through an issue of convertible notes and a partial repayment and re-profiling of a loan note. The AIM-listed firm said it has raised £676,000 by the issue of £676,000 of convertible notes with accompanying warrants to institutional and high net worth investors.
Europa Oil & Gas Holdings PLC (LON:EOG) today issued an open letter to shareholders in which the explorer detailed a number of upcoming potential catalysts for its offshore Ireland projects. Following on from a December shareholder meeting, at which a £4.3mln funding was approved, the oil and gas explorer highlighted that the proceeds will enable an exciting programme during 2019 and 2020.
Obtala Limited (LON:OBT), the Africa-focused forestry and timber group, saw a sharp quarter-on-quarter increase in revenue in the fourth quarter of 2018 and expects this trend to accelerate in 2019.
ADES International Holding Ltd. (LON:ADES), a leading oil & gas drilling and production services provider in the Middle East and North Africa, announced that it has successfully exercised the one-year extension option for its existing contract for Admarine II. The group said that the contract extension of Admarine II, which is currently contracted and operating in the Gulf of Suez, comes into effect upon expiry of its existing contract during January 2019.
Tekcapital PLC’s (LON:TEK) portfolio firm Guident has appointed Daniel Grossman as a director. The UK IP investment firm said Grossman had previously served as chief executive of commuter shuttle service Chariot and vice-president of ZipCar as well as chief operating officer of General Motors’ mobility division, Maven. BP August
Seeing Machines Limited (LON:SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, noted that General Motors has been named the winner of the Autoblog 2019 Technology of the Year award for its Cadillac Super Cruise system which incorporates the group’s FOVIO driver monitoring technology to enhance safety, through direct measurement and enforcement of driver attentiveness to the roadway.