Ilika PLC's (AIM:IKA, OTCQX:ILIKF) Goliath solid-state electric car battery technology is “maturing to the point where it can support meaningful investment into exploring scale-up opportunities”, said broker Berenberg.
The house broker reiterated its 250p share price target and its ‘buy’ rating, saying it continues to view the risk-reward profile of the business as “compelling”.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) has signed a front-end engineering and design (FEED) agreement with Schlumberger and Subsea 7, with the trio to form a consortium to fast-track the Anchois gas development project in Morocco.
Adonis Pouroulis, Chariot’s acting chief executive, added: "Signing this agreement with Schlumberger and Subsea 7 is further evidence that we have accelerated development plans for the Anchois Gas Project, a key tenet of our recent fundraising.
Plexus Holdings PLC (AIM:POS) has won an order for plug and abandonment (P&A) equipment and services from subsea engineering specialist Oceaneering International (NYSE:OII), its first award in this area.
Ben Van Bilderbeek, Plexus’s chief executive, said: “This new order for our unique services on a multi-well campaign is a major step forward for Plexus and represents a diversification of our business into support-vessel-based P&A work.
Iofina PLC (AIM:IOF, OTC:IOFNF), the manufacturer of speciality chemical products and specialists in the exploration and production of iodine, has appointed Chrystal Capital as a financial advisory partner.
Chrystal Capital will be providing strategic advice on the company's approach to the equity markets and business growth, including helping to engage with new investment funds, single family offices and ultra high net worth individuals.
Graft Polymer (UK) PLC (LSE:GPL) said its production facility in Slovenia has reached a key milestone by becoming cash flow positive – though the plan is to double output once a number of important pieces of equipment have been delivered.
In an update to investors, the company said it was preparing in the coming weeks to take delivery of a microwave dryer tunnel, custom-made kit to make nano-emulsions and an ozone-plasma polymer modification module.
Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF), the venture builder, investor and adviser to early-stage blockchain technology companies, said it is not overly perturbed by current market conditions.
In its results for 2021, the company said it ended the year in a particularly strong cash position, with over £1.5mln in cash (up from £173,298 at the end of 2020) and roughly £2.2mln in crypto treasury reserves (predominantly denominated in Bitcoin — BTC — and Ethereum — ETH).
Cellular Goods PLC (LSE:CBX) has launched a petition to encourage Google and Meta and other internet companies to lift their restrictions on advertising and marketing of cannabidiol (CBD) and cannabigerol (CBG) products online.
The ban is limiting the ability of customers to make informed choices about CBD and CBG products, said main market-listed Cellular Goods, adding there is a growing body of scientific evidence that CBG has antioxidant and anti-inflammatory properties that make it an ingredient with immense skincare and anti-ageing potential.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) said it has begun a six-month economic feasibility study to examine the potential construction of a dedicated 100 solid-state battery manufacturing line in partnership with the UK Battery Industrialisation Centre (UKBIC).
Supported by a £105,000 grant from the Advanced Propulsion Centre, this new collaboration started on 1 May and follows on from a study conducted with Stellantis’ industrial automation wing, Comau, into the machines and processes required for such a manufacturing line.
Empire Metals Ltd (AIM:EEE) has started exploration work at the Pitfield copper-gold project in Western Australia.
It has engaged two companies to carry out an airborne electromagnetic survey and an airborne magnetic survey across the 615km2 Pitfield tenement area.