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Proactive news headlines: Jubilee Metals, SpectrumX, MGC Pharmaceuticals, Bradda Head Lithium...

Published: 15:30 15 Sep 2021 BST

Jubilee Metals Group PLC -

Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) announced three acquisitions that will see the metals processing company increase its interests in its copper and cobalt tailings projects in Zambia. The acquisitions are worth US$24.77mln (£17.83mln) in total and to satisfy the consideration, £30mln is to be raised through a placing of new shares at 16.03p each.

SpectrumX Holdings Ltd has agreed to appoint former Goldman Sachs (NYSE:GS) managing director Aziz McMahon as executive chairman, focusing on investor relations, corporate governance and the formulation of a new ESG policy.

MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, FRA:H5O, ASX:MXC) said ArtemiC, a proprietary nutraceutical food supplement designed to boost the immune system, was approved for sale in the European Union. Also, MGC said the findings of a successful trial in India were significant and expands the potential use of CimetrA and ArtemiC to treat patients with severe COVID-19, and further supports previous preclinical and clinical findings for patients with moderate COVID-19.

W Resources PLC (AIM:WRES) reported an increase in production in August at its La Parilla mine in Spain and said it is positive about hitting its full-year output target for concentrate. 

4D pharma PLC (AIM:DDDD, NASDAQ:LBPS) said it will display two poster presentations at the upcoming cancer conference providing biomarker data on its lead asset, MRx0518.

Futura Medical PLC (AIM:FUM) said the first patient has been recruited for a confirmatory trial of its fast-acting gel for erectile dysfunction supporting the regulatory submission for the product in the US.

Supermarket Income REIT PLC (LSE:SUPR) has increase its borrowing headroom in a series of agreements.

Oracle Power PLC (AIM:ORCP) announced it has started drilling at the Northern Zone Gold Project, located near Kalgoorlie in Western Australia.

Eurasia Mining PLC (AIM:EUA, FRA:EUH) said that a detailed mining plan has been completed for the first five years of the life of mine of Loipishnune open pit and the West Nittis open pit, both of which form part of the Monchetundra project.

Apollon Formularies (AQSE:APOL) PLC said it has substantially increased its production capacity in Jamaica in a move that opens the path to further revenue generation opportunities in the domestic market.

Honeycomb Investment Trust plc (LSE:HONY) chairman Robert Sharpe said that with mainstream banks increasingly focused on commoditised lending markets, the non-bank lending sector in which it invests is “increasingly critical to support the economy”.

DeepVerge PLC (AIM:DVRG, FRA:4RG) said revenues rose more than three-fold in its latest half-year but the diagnostic test specialist expects the second half to be even better.

Keywords Studios PLC (AIM:KWS, FRA:KS3, OTC:KYYWF) reported strong revenue growth for the first half of 2021, up 22.9% organically, despite its operations still being encumbered by Coronavirus (COVID-19) constraints – providing sufficient confidence for management to lift the interim dividend 20%.

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) posted a record profit due to higher gold production as it proposed its highest ever dividend.

Crossword Cybersecurity PLC (AIM:CCS) has appointed the former director of GlaxoSmithKline's global cyber security programme to its advisory board as chair.

Bradda Head Holdings Ltd (AIM:BHL) has decided to change its name to Bradda Head Lithium Ltd, which it said would better reflect the company's business and focus.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

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