Challenger Energy Group PLC (AIM:CEG) was up by a tenth to 1.65p after receiving a key certification from the Trinidad and Tobago authorities.
It has been awarded the STOW-TT (Safe to Work in Trinidad & Tobago) certification from the government, confirming compliance with Health, Safety and Environmental standards.
“When we took over operating of our assets in Trinidad in August 2020, we noted that the prior operators had never successfully achieved STOW certification, and we determined to do so as a matter of priority,” said chief executive Eytan Uliel.
“We are thus enormously proud of this achievement, which represents the culmination of more than 12 months of work by our in-country team, and provides strong validation for our commitment to, and operating presence in, Trinidad and Tobago."
2.40pm: GSTechnologies tumbles on discounted placing
GSTechnologies Ltd (LSE:GST) tumbled 33% to 1.21p in the early afternoon after raising £1.4mln by placing shares at 1p each.
The funds will be used to cover sales and marketing costs and the costs of development and implementation of the Wise MPay technology.
In May, the firm signed an agreement with Wise MPay to receive software and services to develop products and services based on blockchain technology for the banking and financial services sector.
1.25pm: Scottish Mortgage Investment Trust extends gains after yet another Nasdaq record
Scottish Mortgage Investment Trust PLC (LSE:SMT) added 2% to 1,396.5p at lunchtime after the tech-heavy Nasdaq closed Friday’s session in record territory once more.
Although the investment trust, famed for its early moves into tech giants Facebook and Alphabet (i.e. Google) seems to be shifting its emphasis to Chinese companies these days, it still has a large exposure to US technology and biotech companies.
The FTSE 100 has long been a proxy for US tech giants for UK investors.
12.30pm: CentralNic in demand after appointing ex-GoDaddy (NYSE:GDDY) executive as chief technology and product officer
CentralNic Group PLC (AIM:CNIC) added 5% to 102.5p at noon after appointing Carsten Sjoerup to the newly created role of chief technology and product officer, effective immediately.
Sjoerup was previously chief investment officer at GoDaddy (NYSE:GDDY), where he was responsible for infrastructure, technical operations, 24x7 monitoring, IT service management, product engineering, research, software development, consolidations and migrations.
Sjoerup has been awarded 1.5mln nil-cost options under the company’s long-term incentive plan (LTIP) in connection with his appointment.
11.10am: MetalNRG higher after GoldRidge analysis reveals higher potential
MetalNRG PLC (LSE:MNRG) rose 9% to 0.6p after further analysis revealed that the GoldRidge project in Arizona appears to offer a considerable larger opportunity than previously anticipated.
The programme, undertaken by the company’s geologist Bart Stryhas, recovered and assimilated a substantial number of maps as well as digital and paper files into a useable archive.
The GoldRidge property covers 1,050 hectares and hosts three past producing underground gold mines.
10.10am: Rambler Metals & Mining dips after issuing conversion shares
Rambler Metals & Mining PLC dipped 4% to 21.25p after issuing 1mln conversion shares at 18.8791p.
They related to a convertible note agreement with Riverfort and YAII. Following the share issue, the miner now has 129mln shares.
In the FTSE 250, Dechra Pharmaceuticals PLC (LSE:DPH) fell by 8% to 4,700p after chair Tony Rice announced plans to leave the company to devote more time to his family, his other business and charitable activities.
He will continue in his role until a successor is found.
The vet products developer added that trading continues to go well after posting strong full-year results.
8.55am: Marechale Capital (AIM:MAC) climbs after Weardale Lithium transaction
Marechale Capital (AIM:MAC) PLC climbed 24% to 2.05p at the opening bell after subscribing for founder shares at nominal value Weardale Lithium, a lithium exploration and development firm.
The finance firm now holds 8.7% in Weardale, which is valued at £1.5mln, plus rights to be awarded further warrants for any involvement in future fundraising rounds.
"This transaction is an exciting addition to the Marechale portfolio and bolsters our exposure to the renewable energy markets. As the UK and Europe set their sights on a carbon neutral future, the role of lithium in electric vehicles and green technologies will continue to grow in importance,” said Marechale’s chief executive Patrick Booth-Clibborn.
Elsewhere, Powerhouse Energy Group PLC (AIM:PHE, FRA:BT81) jumped 21% to 6.15p after clarifying speculation around a tie-up that could potentially see its DMG waste plastic recycling technology deployed by industrial gases giant Linde.
Hydrogen Utopia International (HUI), which is a DMG licensee, has been working with the German group – most recently on a technical feasibility evaluation to deploy the syngas clean-up and hydrogen extraction of DMG.
“HUI and Linde are in discussions to enter into an agreement to develop a plant in Konin, Poland, which would use Powerhouse’s technology,” Powerhouse explained.
“There can be no guarantee such an agreement would be finalised and any agreement regarding building a facility would be subject to material conditions including financing, permitting and planning permission.”