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Proactive news headlines: Anglesey Mining, Symphony Environmental Technologies, Westminster Group …

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

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Your daily round-up from the world of Proactive

Anglesey Mining PLC (LON:AYM) said its12%-owned associate Labrador Iron Mines Holdings (LIM) has started work on a Preliminary Economic Assessment for its Houston project in Labrador, Canada. It is the first development of LIM’s assets since production halted in 2014 because of the low iron ore price, said Anglesey. Iron prices have started to recover over the past two years and with increased inquiries and expressions of interest from potential off-takers, LIM is now working to advance Stage 2 of its planned direct shipping ore mining operations, Anglesey added.

Symphony Environmental Technologies PLC (LON:SYM) said its partner Promociones Fantásticas has launched new biodegradable and antimicrobial drinking straws using the group's technology. Promociones Fantásticas is a Colombian drinking straws producer, with Symphony's exclusive distributor Latin Pack is the masterbatch supplier. Promociones Fantásticas has been using the d2w technology, which makes plastic to biodegrade quicker, for three years.

Westminster Group PLC (LON:WSG) said its CSR arm, the Westminster Foundation has delivered and installed a sanitisation tunnel to Freetown International Airport (FNA), Sierra Leone. The company added that the tunnel will help reassure passengers that FNA is a coronavirus (COVID-19) secure environment and boost traffic through the airport. Westminster provides security and screening services for the airport and said it had promised earlier in the year to provide it with a mass sanitisation tunnel.

Applied Graphene Materials PLC (LON:AGM), the producer of specialty graphene additives, revealed that it has signed a distribution agreement with GOBARR Kimya Ticaret ve Pazarlama Ltd. Sti (Gobarr). The agreement will further expand Applied Graphene's distribution network to target customers in the Turkish coatings and polymers sector. Gobarr's team of industry specialists has over 25 years' experience in supplying innovative products to the paint and coatings market across Turkey. The agreement will make Gobarr the market's leading supplier of graphene dispersions focused on Turkey's industrial coatings sector.

IQ-AI Ltd. (LON:IQAI) said it has advanced its contrast free imaging project to the next stage, validation testing. The group said the validation stage includes subjecting the Artificial Intelligence (AI) model to a large and varied set of data, and statistically comparing the model's output to "ground truth", or actual, images acquired using contrast. The testing results will refine the model sufficiently to prepare it for the final stage - regulatory clearance, it added.

Gore Street Energy Storage Fund PLC (LON:GSF) has acquired a portfolio of 81MW operating battery assets at five sites in the North-West and Midlands. The cost is £28.2mln and will be met through a combination of cash (£21.1mln) and new shares (£7.1mln) to be issued to vendor Anesco, a renewable infrastructure developer. All of the battery energy storage systems at the sites were provided by BYD, a leading global storage supplier, said the trust.

Open Orphan PLC (LON:ORPH) said its Venn Life Sciences arm has won a two-year contract with a ‘tier-one’ German pharmaceutical company. The new agreement is an extension of work already being undertaken and will see Venn deliver further analytical services. These services will include pharmacometrics (using maths, statistics and the sciences to model the interaction of drugs in the body) and pharmacokinetics, a branch of pharmacology that assesses how a drug is absorbed and distributed by the body.

Amur Minerals Corporation (LON:AMC) said that Nathan River Resources, a company in which it holds a significant convertible loan note, has commenced loading its first vessel with low-grade iron ore stockpiles from the Roper Bar project. This cargo will be approximately 58,000 tonnes and has been pre-sold, giving Nathan River an expected revenue from the sale of approximately US$3.6mln.

MBH Corporation Plc (FRA:MBH) has made its ninth purchase of 2020 and a first in Australia with the acquisition of Cobul Constructions. A commercial builder, Cobul Constructions works largely for the Australian Government and private sectors with a CV that includes the National Library of Australia and the Canberra Theater Centre.

Ariana Resources PLC (LON:AAU) said it is progressing with its proposed new joint venture with Özaltin Holding A.S. and with Proccea Construction Co. Özaltin will be acquiring 53% of both the Salinbas project and the existing Zenit Madencilik joint venture which is currently owned by Ariana in a 50:50 partnership with Proccea. There is also a proposed new joint venture with Özaltin and Proccea by way of a partial disposal of the interests of the company in Zenit and Salinbas in exchange for US$35.75 million in cash. The group the parties were undertaking an all-parties meeting today to finalise the terms of the definitive joint venture agreements governing the transaction.

Power Metal Resources PLC (LON:POW) has mobilised a drilling team to the Silver Peak silver project in British Columbia, Canada. On October 22, 2020, Power Metal announced the signing of the drilling contract for an initial 500 metres of confirmatory diamond core drill programme to test the Victoria Vein at the Silver Peak project. The project includes the Eureka-Victoria Silver mine, the first Crown-granted mineral property in British Columbia. In a separate statement, Power Metal said it was notified that today Paul Johnson, its chief executive officer, purchased on market 600,000 ordinary shares of 0.1p each in the company at an average price of 1.938p per ordinary share through his Self-Invested Personal Pension (SIPP) investing £11,630 invested.  Following the purchase, the group noted, Johnson has a beneficial interest in a total of 59,600,000 ordinary shares, representing approximately 7.12% of the issued share capital of the company.

SkinBioTherapeutics PLC (LON:SBTX) said it has received an additional £450,000 from an open offer that accompanied a £4mln placing two weeks ago. Acceptances for the offer, which was priced at 16p, amounted to 2.8mln shares said the microbiome specialist.

European Metals Holdings Limited (LON:EMH) ended its quarter to end September 2020 with cash of A$350,000 and undrawn loan facilities of A$500,000. The junior is a 49% holder in the Cinovec lithium project in the Czech Republic, where its partner and majority holder is the local group CEZ. CEZ is 70% owned by the Czech state, employs 33,000 people and has an annual revenue of approximately €7.2bn.

Oncimmune Holdings PLC (LON:ONC) said it has a “growing pipeline” of opportunities as it completed the first year of its three-year plan to commercialise its EarlyCDT lung screening technology and its ImmunoINSIGHTS service. In its full-year results statement, investors were told the company was in “active late-stage discussions with a number of national health systems and pharmaceutical partners, globally”. It said further opportunities for ImmunoINSIGHTS have been created as a result of the group's close involvement with the government's coronavirus (COVID-19) programme, and specifically, the development of an infectious disease NavigAID panel.

[email protected] Capital PLC (LON:SYME), the online inventory finance platform, said it has chosen to issue its securitised note to one investment group rather than syndicate it. In a statement, SYME said that following detailed evaluation it has agreed to partner on an exclusive basis with a global investment fund whose intention is to subscribe for the whole of the first issuance and become an ongoing partner of the company. “Whilst this decision has put back slightly the date of completion of the first issuance, the opportunity to form an ongoing partnership with the Investor will provide valuable benefits to SYME, both in the short and long-term,” the group said in the statement. 

Minds + Machines Group Limited (LON:MMX) said it has concluded its formal investigation to determine whether certain revenue associated with a specific contract had been correctly recognised in the year ended December 31, 2019, and the six months to June 30, 2020. The domain name specialist said it believes that revenue attached to the specific contract has been incorrectly recognised. It was previously announced that cash of US$1.125mln was received in connection with the specific contract and revenue of US$938,000 was recognised in the 2019 financial year. Following its investigation the company said it believes any cash sums initially received pursuant to this contract should have been classified as a deposit against future sales and then recognised as revenue as the company's partner made sales to end-users. To date, the partner has made US$201,900 of end-user sales under the contract.

Metal Tiger PLC (LON:MTR), the AIM-listed investor in natural resource opportunities, announced on Thursday that it has purchased 300,000 shares in ASX-listed Los Cerros Limited (ASX:LCL) at an average price (before costs) of approximately A$0.1575 per share for a total consideration of approximately A$47.2k. Following this investment Metal Tiger will be interested in 3.50 million shares and 1.25 million A$0.10 warrants in Los Cerros. Los Cerros is an exploration and mining company with a dominant land position within the Andes and Quinchia regions of the Mid-Cauca Gold belt in South America. Los Cerros’ primary focus is the Qunichia Gold Portfolio, which is located in Colombia. For the year ended December 31, 2019, Los Cerros reported a net loss of A$4.16mln and, as at June 30, 2020, reported net assets of A$15.76mln.

In a separate statement on Friday, Metal Tiger provided an update in relation to its investment in Cobre Limited (ASX:CBE) which has released its quarterly activities report to September 30, 2020. Metal Tiger owns 18.79% of the issued share capital of Cobre. The link to Cobre’s quarterly activities report can be found here: https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02302328-2A1260301?access_token=83ff96335c2d45a094df02a206a39ff4. Additionally, the link to Cobre’s quarterly cash flow report can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02302329-2A1260302?access_token=83ff96335c2d45a094df02a206a39ff4

Location Sciences Group PLC (LON:LSAI), the leading location verification company, has announced the issue of a total of 16,969,098 new ordinary shares of 0.1p each in the company to a number of directors as payment for fees owed for certain periods since February 1, 2020, totalling £81,451.67. The new ordinary shares are being issued at a price of 0.48p per share, a 6.7% premium to the closing mid-market share price on October 29, 2020.

VietNam Holding Limited (LON:VNH) said it has reported that at both its 2020 annual general meeting and extraordinary general meeting held on Friday all resolutions were duly passed.

Intosol Holdings PLC (LON:INTO) said that at the annual general and special meeting of the company held on Friday to ratify resolutions by proxy voting due to the coronavirus (COVID-19_ pandemic all seven resolutions put to members were passed, with resolutions 1 to 3 passed as ordinary resolutions and resolutions 4 to 7 passed as special resolutions.

Zanaga Iron Ore Company Limited (LON:ZIOC) announced that, at its annual general meeting held on Friday, all resolutions were duly passed on a poll.

Thor Mining PLC LON:THR) (ASX:THR) has said its annual general meeting will be held at 7pm (Australian Central Standard Time) on November 25, 2020, at the Thor Mining offices, 58 Galway Avenue, Marleston, South Australia

Seeing Machines Limited (LON:SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has announced that its CEO Paul McGlone will present the company's Year-End Results presentation via Webcast on Monday, November 2, 2020, at 9.00am GMT. Hosted by Proactive Investors, the webcast can be streamed via YouTube: https://www.youtube.com/watch?v=0KlBkoQ2vME&feature=youtu.be

Rosslyn Data Technologies PLC (LON:RDT), a leading global big data technology company, has announced that at its annual general meeting held on Thursday, all resolutions were duly passed. Full details of the voting results, as well as the full proceedings of the AGM and questions, are available on the company website at: https://www.rosslyndatatech.com/investors/2020agm

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