Proactive news snapshot: Europa Metals, Ceres Power, Arix Bioscience, Hurricane Energy …

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

Your daily round-up from the world of Proactive

Europa Metals Ltd (LON:EUZ) has welcomed changes to regulations governing the use of land for mining in north-west Spain’s Castilla y Leon region. “The new law provides Europa Metals with a clear path to progress Toral into potential future mine development working, within the requisite new regulations," said Laurence Read, executive director.

Ceres Power Holdings PLC (LON:CWR) is on track to see revenues double for the year as it accelerated commercial growth inking deals with Robert Bosch and Chinese engineering giant, Weichai. The company is the inventor of the SteelCell, a low cost, next-generation fuel cell, which is in its fifth iteration.

Arix Bioscience PLC (LON:ARIX) said it is well positioned for further growth as it unveiled a heavy-hitting new independent director alongside full-year results. The new appointment first: corporate financier Mark Breuer, who spent the last two decades with JP Morgan, will join the audit committee when he officially takes on his non-executive role on April 25, replacing Meghan FitzGerald.

Hurricane Energy PLC (LON:HUR) chief executive Dr Robert Trice, in today’s financial results statement, has highlighted that the offshore oil field developer is set for an “exciting period”. The AIM-quoted firm is now counting down to first production from the Lancaster field’s ‘early production system’ which will yield some 17,000 barrel of oil per day, and, perhaps more importantly, de-risk a much larger field development.

Metal Tiger PLC (LON:MTR) edged higher on Thursday morning after a feasibility study suggested the T3 copper project in Botswana’s Kalahari copper belt has a net present value of US$368mln. T3 is 100%-owned by Australian explorer MOD Resources, in which Metal has a 10.48% stake.

Diversified Gas & Oil PLC (LON:DGOC), after Wednesday’s close, revealed that it had launched a US$225mln equity raise to help fund a new US$400mln acquisition for its Appalachian basin portfolio. The acquisitive AIM-quoted firm, which had a £634mln market value prior to the announcements, has agreed to pick up 107 additional gas production wells from HG Energy II Appalachia.

Mkango Resources Ltd (LON:MKA) has received £7mln from Talaxis to fund the completion of the feasibility study for the Songwe Hill rare earths project.

Molecular diagnostics devices maker genedrive PLC (LON:GDR) said feedback from the studies of its hepatitis C virus (HCV) identification kit remains encouraging and it is confident of some near-term progress on countries green-lighting its use.

Walls & Futures REIT Plc (LON:WAFR), the ethical housing REIT, has revealed that for the calendar year ending 2018, its portfolio rose by 8.75%, outperforming the MSCI UK Residential Property Index which increased by 5.2%. The group's CEO Joe McTaggart said:" We're pleased to have outperformed the index for the second year running, especially in the current challenging market conditions."

Mosman Oil And Gas Ltd (LON:MSMN) has told investors that it is looking forward with confidence at the remainder of the financial year and beyond with confidence. The company, in its interim financial results statement, said that it is anticipating continued production growth in the next twelve months.

Vast Resources PLC (LON:VAST) said its Manaila polymetallic mine that has been suspended since December due to poor weather conditions will not reopen until a corporate restructuring has been completed. The group said it would keep its wholly-owned mine, located in Romania, on care and maintenance temporarily in order to reduce costs.

Avation PLC (LON:AVAP) has acquired a Boeing 737-800 Next Generation (NG) aircraft on the secondary market. The aircraft leasing firm said the acquisition was expected to complete in the second quarter of 2019.

Rose Petroleum PLC (LON:ROSE) told investors that it continues to seek a rig and funding for a drill programme in Utah, though good progress has been made with permitting. The company, in a statement, noted that it has secured drilling permits – one for the Gunnison Valley Unit and one for the Paradox acreage – supporting options for a multi-well programme once the other pieces of the plan are delivered.

Jubilee Metals Group PLC (LON:JLP) chairman Colin Bird has hailed “exceptional results” as the group swung to a profit in its first half.

Block Energy Plc (LON:BLOE) has made “excellent progress” progress in its quest to become Georgia’s leading independent oil and gas producer since it debuted on AIM last summer.

Plexus Holdings PLC (LON:POS) has reported a narrower loss and a strong upswing in sales revenue for the first half of its fiscal year.

Virtual reality (VR) firm Immotion Group PLC (LON:IMMO) has released its latest live-action VR experience, Swimming with Humpbacks.

Chrome producer Afarak Group PLC (LON:AFRK) is considering de-listing from the Nasdaq Helsinki stock exchange once it has completed a buyback of some of its shares. Major shareholder LNS had argued for some time that because of liquidity constraints, particularly in the local Helsinki market where Afarak is based, the company should offer to buy out investors.

Greencoat UK Wind PLC (LON:UKW) has announced the completion of the acquisition of 49.9% stakes in the Stronelairg and Dunmaglass wind farms from SSE, in partnership with a major UK pension fund whose investment is managed by Greencoat Capital. The company also announced the completion of the acquisition of the Douglas West wind farm project from Blue Energy.

Impax Environmental Markets PLC (LON:IRM) said it today sold 200,000 ordinary shares in the company from treasury at a price of 283.5p per share, representing a premium to the prevailing net asset value.

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