Proactive news snapshot: Tissue Regenix, Avacta Group, Mkango Resources …

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

Your daily round-up from the world of Proactive

Regenerative medical devices maker Tissue Regenix PLC (LON:TRX) remains on track to hit its target of breaking even by 2020 after revenues more than doubled last year. The company, which was spun out from the University of Leeds in 2006, saw revenue jump to £11.6mln in the 12 months ended 31 December 2018, up from £5.2mln a year earlier.

Avacta Group PLC (LON:AVCT) is set to ink an exclusive licensing agreement with US-listed Moderna Inc (NASDAQ:MRNA). The deal relates to the Affimer programme the two have been working on.

Mkango Resources Ltd (LON:MKA) has increased the mineral resource estimate at its Songwe Hill rare earths project in Malawi.

BATM Advanced Communications Limited (LON:BVC) had clinched a follow-on contract for its cyber communications technology from a government defence department.

Midatech Pharma PLC (LON:MTPH)  has proposed a £4mln equity raise to support the development of its lead product MTD201. The group plans to issue units, compromising of one new ordinary share and one warrant, at a price of 3.85p each, representing a 6.1% discount to the mid-market closing price on Friday. Midatech hopes to raise a further £750,000 through an open offer.

A merger between two of the UK’s leading online video marketing firms has moved a step closer to completion after RhythmOne PLC (LON:RTHM) bosses gave their backing to the tie-up with Taptica International PLC (LON:TAP).

Circassia Pharmaceuticals PLC (LON:CIR) revealed that its partner, AIT Therapeutics Inc. has successfully completed a pre-submission meeting with the US FDA for the ventilator-compatible nitric oxide product AirNOvent.

CentralNic Group PLC (LON:CNIC) said it had delivered “strong” trading in 2018 as it issued an update including the integration of technology group KeyDrive. The internet domain services provider said trading for the year ended 31 December had been in line with market expectations with revenues expected to be around £42.5mln compared to £24.3mln the year before, while adjusted underlying earnings (EBITDA) were up to £6.7mln from £6.6mln.

Frontier IP Group Plc’s (LON:FIPP) portfolio firm, Amprologix, has won a £1.2mln UK government contract to accelerate the development of a new antibiotic to tackle antimicrobial resistant MRSA and other superbugs.

Hurricane Energy PLC (LON:HUR) will have to wait to complete the buoy hook-up operation as it makes the final, crucial preparations for its planned early production system on the Lancaster Field, in the waters west of Shetland. On Saturday (Feb 2) the pull in rope failed. There were no casualties and the buoy returned to its starting position and is not damaged.

Angus Energy Plc (LON:ANGS) remains ‘quietly optimistic’ over the potential of the Brockham prospect in Surrey even though the BRX4Z well flow test hit water. Angus is the majority owner-operator at Brockham, while Alba Mineral Resources PLC (LON:ALBA) has a 5% stake.

AfriTin Mining Limited (LON:ATM) has hailed the discovery of significant grades of lithium, in addition to tin, in pegmatites in the ML 133 License, located in the Nainais area of Nambia. The firm said recent test work indicates that the most abundant lithium-bearing mineral present is petalite, with lesser lithian-muscovite, montebrasite and cookeite.

ECR Minerals PLC (LON:ECR) will shortly commence drilling at the Black Cat prospect within the Bailieston gold project area in Victoria, Australia. This programme is in addition to the previously announced drilling which will be taking place at the Creswick gold project and the Blue Moon prospect at Bailieston.

Thor Mining PLC (LON:THR) has found extensive tungsten mineralisation in samples from the Samarkand deposit, one of thirteen deposits at Bonya in Northern Territory. Bonya is a 40/60% joint venture with Arafura Resources Limited ASX:ARU and sits adjacent to Thor’s Molyhil tungsten project.

IronRidge Resources Ltd (LON:IRR) is making good progress on its portfolio of gold projects in Côte d’Ivoire. An airborne geophysical survey has been completed over the Vavoua portfolio, where a significant shear zone that hosts 700,000 ounces Abujar project has now been defined over approximately 0 40 kilometres of strike.

Goldplat plc (LON:GDP) boosted production of gold equivalent ounces in the three months to December 2018 by 57% to 9,648 ounces.

Arc Minerals Ltd (LON:ARCM) has discovered several large new anomalies on the Zamsort copper-cobalt project in Zambia. The two most prospective are Cheyeza and Lumbeta.

Aminex PLC (LON:ARX) announced that John Bell, currently its senior independent non-executive director, has assumed the position of chairman from Keith Phair, who after nine years on the board has decided to retire as a non-executive director, both with immediate effect.

Chaarat Gold Holdings Limited (LON:CGH) rose 3.5% to 28.10p as trading in its shares resumed on AIM, following a brief temporary suspension, on completion of its acquisition of the Kapan polymetallic mine in Armenia from FTSE 250-listed Polymetal International PLC (LON:POLY) for USD55mln.

Collagen Solutions PLC (LON:COS), the developer and manufacturer of biomaterials and regenerative medicines for the enhancement and extension of human life, said it hosted a visit from the member of the Scottish Parliament for Glasgow Provan, Ivan McKee on Monday. It said Collagen Solutions' global management team met with McKee to discuss the company's opportunity for growth in the Life Sciences industry and its plans for growing the Scottish economy and creating high-value jobs in the MSP's constituency. The company also discussed the access to high quality talent from local universities and life sciences firms in the area that have been and will continue to be crucial to support anticipated growth.

Bushveld Minerals Limited (LON:BMN) said it hosted a site visit for analysts and investors to the Eskom-Research, Testing and Development Facility in Johannesburg, as well as the Vametco mining operations on Thursday 31 January 2019. The AIM listed-integrated primary vanadium producer also announced that its CEO, Fortune Mojapelo will be attending and presenting at the 121, Investing in Africa Mining Indaba and Benchmark Minerals Would Tour, in Cape Town between Monday 4 and Thursday 7 February. The group said presentations from both will be available to view on the company's website.


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