AFC Energy PLC (AIM:AFC, OTC:AFGYF, ETR:QC8) climbed 7.90% to 39.6p after announcing a collaboration with Keltbray, a UK based construction and engineering company, to lease the company’s first fuel cell for deployment at Keltbray’s construction site.
This will be AFC’s first UK hydrogen fuel cell (HFC) deployment and is expected to be deployed at the end of the second quarter of 2022.
As part of the agreement, the two companies have outlined a roadmap to consider further system deployments at the end of the year.
2.30pm: Bens Creek Group completes first orders
Bens Creek Group PLC (AIM:BEN, OTC:BENCF) told investors it has fulfilled its first two purchase orders for metallurgical coal from Integrity Coal Sales Inc, causing shares to surge 12% to 84p.
The two deliveries fulfill Bens Creeks’ initial arrangement with Integrity to deliver raw tonnes and are in line with the delivery dates set out in the agreement, which was announced on 21 October 2021 and runs to the end of December 2022.
Having supplied raw coal to Integrity since the commencement of production, Bens Creek intends to supply its customer with 264,000 tonnes, with a minimum monthly consignment of 22,000 clean tonnes, commencing with a first clean coal delivery in April 2022.
The expected selling price of this consignment and monthly thereafter, will be closely linked to the S&P Global Platts price of the Hi Vol B coal product at the time of assignment, as set out in the agreement with Integrity.
The price on 11 March 2022 for Hi Vol B coal product was US$450 per metric tonne with the equivalent price for a short tonne being US$409.
1.30pm: Rio Tinto's Mongolian project still causing problems
Rio Tinto PLC (LSE:RIO) fell 3.36% to 5377p with the company experiencing more troubles at its Mongolian mine.
Further delays, ballooning costs, and disputes with the local government have slowed progress at the project, according to analysts.
It has, however, announced it has made an offer to acquire the remaining 49% of Turquoise Hill for $2.7bn, which should help extend its copper and gold mining activities in the Oyu Tolgoi project which is currently 66% owned by Turquoise Hill.
The deal could help up ramp production of the commodities, which following the recent surge in prices and political and economic uncertainty, should offset some of the problems it faces in Mongolia.
12.30pm: Cellular Goods kickstarts marketing campaign
Cellular Goods PLC (LSE:CBX) rocketed 58.5% to 4.6p following the launch of its outdoor marketing campaign in Manchester and London today.
The campaign will run over the next two months and feature advertisements to be displayed on more than 100 digital screens and high-impact print billboards across prominent high-street locations.
The move is part of its nationwide marketing campaign to highlight the age prevention benefits of cannabigerol (CBG) and cannabidiol (CBD) used in its products and the start of product sales on Amazon Marketplace from February this year.
11.30am: Live Company targets expansion
Live Company climbed 10.41% to 5.4p as the company announced day two ticket sales for its KPOP.FLEX festival in Frankfurt exceeded 18,000.
It also said that it has raised £825,00 through the sale of 16.5mln shares priced at 5p each to fund further expansion.
The money raised will be used to create its new video production division that will manage the streaming of its festivals, as well as provide additional working capital.
10.05am: Polymetal regains some of its losses
Polymetal International PLC (LSE:POLY) is the top riser on Monday morning, up 16% to 196.62p as the Russia-focused miner continues to benefit from bargain hunting after falling over 90% on the back of the invasion of Ukraine.
Since plummeting to almost nothing, the FTSE 100 company's shares have battled bac, with the latest round of diplomatic talks over the weekend seeming to make some progress.
Ukraine’s president, Volodymyr Zelensky, was reported to have indicated he would meet Vladimir Putin for peace talks.
Elsewhere, EQTEC PLC was up 21% to 0.975p after setting up a French subsidiary and teaming up with French company SEPS to develop contaminated waste treatment plants.
The gasification company said the new French subsidiary comes as it sees a growing pipeline of opportunities in the country, supported by accelerating interest in cleantech from national, regional and local governments.
“France is a major market with a strong history in progressive investment and development of new energy and we believe this will prove true also for baseload renewables such as clean syngas,” said David Palumbo, EQTEC chief executive.
“Our commitment to clean treatment of contaminated waste, together with EQTEC's transformation of that waste into clean syngas will now support a range of applications for power, hydrogen and biofuels in support of local, energy security and fossil fuel replacement."
EQTEC noted that it has defined a pipeline of a dozen opportunities and is actively bidding for three projects at the moment, including a waste-to-power project and two waste-to-biofuels projects.