Chariot Ltd (AIM:CHAR, OTC:OIGLF) and the government of Mauritania have announced that the pre-feasibility study for the Project Nour green hydrogen project has been completed and a framework agreement has been signed that maps out the phases of development over the coming 24 months.
The project aims to install up to 10 gigawatts (GW) of electrolysis, making it one of the largest green hydrogen projects globally by 2030, the two parties said.
Chesnara PLC (LSE:CSN) aims to be the “least troublesome source of sustainable, attractive dividend yield” and Hardman Research believes it is largely succeeding in this aim.
With a price at about two-thirds of its economic value, Chesnara seems undervalued, the research house said. A prospective dividend yield of 8.1%, with good prospects of continued growth, also suggests an undervalued stock, it added.
Powerhouse Energy Group PLC (AIM:PHE, ETR:BT81) said it is planning to build a UK technology and innovation centre ready for operation early next year, to develop and showcase its most up-to-date technology.
The waste plastic-to-hydrogen group said a site search for the Global Technology and Innovation Centre (GTIC) is underway, following the recent signing of agreements with suppliers to “provide a turnkey solution” to build the centre.
IXICO PLC (AIM:IXI, OTC:PHYOF) told the City its underlying earnings (EBITDA) for the current financial year will be more than £1.2mln - materially ahead of forecasts.
This will result in a strengthened cash position, which as of March 31 was £5.8mln.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said it is in talks about contracting a drilling rig to begin its phase-two programme at the Rukwa project in Tanzania.
Chief executive David Minchin said the company has decided to return to the Tai prospect after data from a 2D seismic campaign late last year “not only improved the definition of a robust structural closure in the Karoo Group, but also identified an untested closure in the Lake Bed Formation”.
Cambridge Raman Imaging (CRI) has raised £1.1 mln through an equity funding round from existing and new investors, including major shareholder Frontier IP.
Frontier invested £334,000 in the round, comprising a £95,000 loan conversion with the remainder in cash, and now holds a 26.8% equity stake in CRI.