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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Proactive news headlines: CleanTech Lithium, Union Jack Oil, Ceres Power...

City broker SP Angel has teamed up with Digbee to bring environmental, social and governance (ESG) accreditation to its mining clients.

Digbee’s online platform allows mining companies of all sizes to disclose their ESG activities, which are then analysed by an independent third party that assigns a score and delivers a qualitative ESG assessment.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) said it has generated five drug candidates targeting cancer from its fourth and latest proprietary platform – GlyMab.

The anti-glycan monoclonal antibodies (mAb) created will target specific tumours such as those associated with pancreatic, small cell lung, colorectal and gastric forms of the disease.

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Empire Metals Ltd (AIM:EEE) said an initial reverse circulation (RC) drilling programme at the Eclipse gold project in Western Australia was successful and it announced the start of a follow-up diamond drill (DD) programme.

The DD programme will continue over the next few weeks.

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88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) said that the Merlin-2 surface hole has been successfully completed (to 2,005 feet) and safety systems put in place ahead of drilling to its target depth of 8,000 ft.

This is expected to be reached in two weeks with all target zones anticipated to be intersected, said the statement.

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Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) profits jumped 79% in 2021 on record gold production following the acquisition of new mines and said it was confident for the current year.

“We have entered 2022 with considerable momentum and we expect to deliver another strong year for the group,” said president and chief executive Sebastien de Montessus.

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Frontier IP Group PLC (AIM:FIPP) reported interim profits ahead of management expectations and has continued to make progress in the second half.

The intellectual property commercialisation specialist posted a £10.3mln pre-tax profit for the half-year to 31 December, an increase of 239% on a year earlier reflecting a higher gain on revaluation of investments.

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Ariana Resources PLC (AIM:AAU) said it expects a 20% jump in gold production this year from the Kiziltepe mine in western Turkey.

The gold output guidance for Kiziltepe is expected to be about 25,000 ounces of gold, which is 2.5 times greater than the feasibility plan for this stage of mine life, and an improvement on its 2021 production of 20,737 ounces.

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Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said 2021 was a turning point for the Zimbabwe-focused group after the completion of a new central shaft at its Blanket gold mine.

Revenues rose 21% to US$121mln in 2021, helped by a strong gold price and flat costs of production.

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With a rise of 73.4% since the start of the year, The Royal Mint Physical Gold ETC (LSE:RMAU) reached its highest level of assets under management (AUM) last week, two years after its launch.

HANetf, which manages the exchange-traded commodity, which is backed by responsibly sourced Good Delivery bars accredited by the London Bullion Market Association, said its AUM surpassed US$486mln on 8 March.

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