SP Angel repeated a ‘buy’ recommendation for ATOME Energy PLC (AIM:ATOM) after securing a 60 megawatt power purchase agreement (PPA) for its project in Villeta, Paraguay.
In a statement this morning ATOME said it will now be able to “move expeditiously” towards the pre-construction phase of its green hydrogen and ammonia production project.
Caerus Mineral Resources PLC announced positive results from auger drilling and pitting on the Mala project in Cyprus.
Hand auger drilling and pitting at the historic Mala pyrite waste dump returned consistently anomalous gold assay results, including peak grades of 9.9 grammes a tonne (g/t) gold, 1.9g/t, 1.3g/t and 1.2g/t, said the London-listed company. Overall, a total of 55 auger holes and pits returned gold grades ranging from 0.1g/t to 9.9g/t.
Vietnam Enterprise Investments (LSE:VEIL) Ltd (VEIL) upped its net asset value by 0.5% in the first three months of 2022, compared to a drop of 0.3% for its Vietnam Index benchmark.
VEIL's NAV per share was US$12.27 at the end of March with total net assets of US$2.6bn.
Kodal Minerals PLC (AIM:KOD) said it raised a gross £3.0mln via a subscription and placing and will use the funds to continue to develop and prepare for financing and construction of its flagship Bougouni lithium project in Mali.
"This oversubscribed placing demonstrates the ongoing support of our Bougouni lithium project and the opportunity to move into the development and construction phase,” said chief executive Bernard Aylward.
Open Orphan PLC (AIM:ORPH, OTC:OPORF) said its hVIVO subsidiary has inked a "substantial contract" with an existing top-five global pharmaceutical client to manufacture a virus for use in human challenge studies.
No financial details were provided, other than the acknowledgement that revenue from the deal will be recognised this year.
Atome Energy PLC said it will now be able to “move expeditiously” towards the pre-construction phase of its green hydrogen and ammonia production plans in Villeta, Paraguay after securing a power purchase agreement (PPA).
The 60MW agreement gives the project 100% renewable power immediately from the state power company Ande, with no need to add new infrastructure and no consideration payable in relation to access the power.
Bango PLC (AIM:BGO, OTCQX:BGOPF) announced an agreement with McAfee Inc, the company that creates software for online protection, to expand McAfee's resale channels.
Under the deal, McAfee will use Bango e-distribution technology to grow its user base through partnerships with service providers, who will bundle and resell McAfee subscriptions.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) told investors that its plans to scale up the Goliath solid-state battery product family, which is expected to address the electric vehicle market, have been validated by a newly completed study,
The study, completed in partnership with Comau, part of Vauxhall, Peugeot and Chrysler parent Stellantis, reviewed Ilika's existing Goliath pre-pilot line and delivered a plant design for a Goliath manufacturing line at a mega-scale facility, the company noted in a statement.
ImmuPharma PLC (AIM:IMM, OTC:IMMPF) said preparations are being made to get an international phase III trial of its lupus drug underway after successfully negotiating a key hurdle with the regulator.
Last month’s positive readout from a pharmacokinetic (PK) study of Lupuzor, requested by the US Food & Drug Administration (FDA), has fired the starting pistol on the lead-up work to the pivotal trial.
San Leon Energy PLC (AIM:SLE, AQSE:SLE, OTC:SLGYF), after Tuesday’s close, provided its latest update on efforts to increase its interests in the Oza field, moving a loan deadline out to June 30, and the extra time is expected to give the company time to assess the fundamentals of the field.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) told investors that US$3.8mln of bonds have been converted into new shares, resulting in the issue of 3.68mln new shares. There were some US$46.55mln of convertible bonds remaining following the debt-for-equity conversion.
Love Hemp Group PLC (AQSE:LIFE, OTCQB:WRHLF)shares have been suspended on Aquis Exchange due to the resignation of Peterhouse as advisor to the company. Discussions to appoint a new advisor are underway. The statement added that one of the investors in its recent subscription has defaulted on an application for £1.2mln worth of shares. These shares will be cancelled
This funding shortfall will not affect the operations of the company following the recent restructuring, said Love Hemp, which added it has sufficient working capital for its present requirements.
Custodian REIT PLC (LSE:CREI) has confirmed its fourth quarterly interim dividend for the financial year ending 31 March 2022 of 1.375p per share will be designated as a property income distribution.