Argo Blockchain PLC (LON:ARB) shares surged on Thursday as it increased its crypto mining capacity by 129% to support its generation of Bitcoin. The firm said that it had ordered 5,000 Antminer S17 mining units costing around US$13.09mln, half of which would be paid immediately while the rest would be paid five days before shipment and funded from a combination of cash and cryptocurrency assets.
Arc Minerals Limited (LON:ARCM) said the team that discovered one of the largest high-grade copper deposits of recent times has identified a new target on the AIM-list mine developer’s Zambia licence areas. African Mining Consultants and Douglas Haynes Discovery have picked over the extensive early exploration work carried out by Arc and mapped out a six-kilometre “strike” called West Lunga grading up to 463 parts per million copper.
Graphene specialist Directa Plus PLC (LON:DCTA) has been granted a US patent that will enable it to develop an ink based on its G+ graphene product. The patent relates to the production of a water-based dispersion of pristine graphene nanoplatelets (GNPs).
Rockfire Resources PLC (LON:ROCK) has announced a maiden gold resource of 51,000 ounces at its Lighthouse licence in Queensland, Australia. Drilling at two prospects at Lighthouse has indicated an inferred resource of 1.35mln tonnes at 1.18g per tonne of gold.
Oncimmune Holdings PLC (LON:ONC) has struck a multi-million-pound deal which will see its EarlyCDT Lung cancer detection test used by Russia’s leading drugmaker. R-Pharm now has the exclusive right to use the EarlyCDT Lung in Russia, as well as in Belarus, Kazakhstan, Armenia and Kyrgyzstan, for the next five years.
SkinBioTherapeutics PLC (LON:SBTX) is continuing “advanced” talks with potential commercial partners, while founder and chief executive Cath O'Neill has now left the board to focus on the company’s scientific developments.
Bluebird Merchant Ventures PLC (LON:BMV) has seen a delay in the schedule for permits to be granted to re-open two mines in Korea. At Gubong, a central government panel will consider the application next month in what is a one-day process. A permit for the other mine, Kochang, is still being assessed, with the delay caused by the interpretation of new legislation for mining in the event of natural disasters.
Golden Saint Technologies Limited (LON:GST) announced that its group managing director, Pierre Fourie has today resigned with immediate effect to return to his long-standing interests in the mining sector as it revealed the appointment of a key member of the team developing its project in Thailand.
Seeing Machines Limited (LON:SEE) has reshuffled its leadership team and appointed the general manager of its fleet division as its permanent chief executive.
Curzon Energy PLC (LON:CZN) has agreed to issue secured loan notes of up to £200,000 to high net worth investors. The oil and gas firm said the proceeds would be used for working capital and to finalise negotiations and documentation associated with its planned involvement in Pared Energy’s Texas gas project.
CentralNic Group PLC (LON:CNIC), the global internet platform that derives revenue from the subscription sales of internet domain names, announced the settlement of its €50mln senior secured bond issue, the placement of which was announced on 24 June 2019, occurred on 3 July 2019. Upon disbursement, which is expected before the end of this month, the company said it will use the funds to repay existing interest-bearing liabilities and to fund its most recent acquisitions, TPP Wholesale and Hexonet. It added that both acquisitions are progressing to plan and are expected to complete on schedule by the end of this month.
Rainbow Rare Earths Limited (LON:RBW) said it received orders for a total of 144,703,421 new ordinary shares under its placing, raising £4.3mln (US$5.5mln) before expenses, with new and existing shareholders at an issue price of 3p each. The group noted that the placing price represented a discount of approximately 21.1% to the closing middle market price of 3.8p on 2 July.