Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has welcomed the new safeguard ratings for partial automation released by the Insurance Institute for Highway Safety (IIHS) in the USA.
The driver monitoring system (DMS) developer said the ratings system is targeted at semi-automated (level 2) vehicles due to the IIHS view that while automated driving features may appear to make driving less of a burden, there is no evidence that they make driving safer. The primary concern is the requirement for active supervision by the driver, as it is widely accepted that distraction is a considerable safety risk on roads today, Seeing Machines said.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF)’s ongoing construction of capacity of its new 18,000 tonnes per year primary flake graphite plant at Sahamamy remains on track for completion by the end of the second quarter of this year.
Upon completion, this plant will increase the company’s total production capacity in Madagascar to 30,000 tonnes per year.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it produced a record 1.536mln ounces of gold in 2021 at an all-in sustaining cost of around US$880 per ounce, marking a ninth consecutive year of achieving or beating annual guidance.
It produced 390,000 ounces of gold in the fourth quarter of 2021, up 4% over production for the third quarter.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) told investors the Theta West #1 well has now been spudded.
The well, located on Alaska’s North Slope, is some 8.5 miles from the Talitha #A well which began a testing programme over the weekend.
Bradda Head Lithium Ltd (AIM:BHL, OTCQB:BHL) released the results of two geophysics surveys carried out at its Eureka asset in Nevada that demonstrate the potential presence of both brine and clay deposits.
Eureka, is located in central Nevada, not far from Tesla's Gigafactory and Albemarle's existing Silver Peak lithium mine, notably the only US lithium mine in operation currently.
ECR Minerals PLC (AIM:ECR) said Andrew Scott, 35, has been appointed a non-executive director. In the update, the group also confirmed it had appointed recruiters to find a new CEO after the untimely death of Craig Brown.
Tlou Energy Limited (AIM:TLOU, ASX:TOU, BSE:TLOU) published a quarterly report, for the three months ended December 31, recapping events of the period – which focussed on the development of the Lesedi power project and its commercialisation, which could include powering bitcoin mining operations.
Scirocco Energy PLC (AIM:SCIR) noted the issue of shares as settlement of the latest US$200,000 tranche under a share subscription facility entered into in 2020. It follows prior settlements in October 2020 and May 2021, which have together seen a total of US$1.125mln of the agreed US$2mln facility has now been subscribed for.