Arc Minerals Limited (AIM:ARCM) rose 7% to 3.45p after it announced it had received the first cash payment of US$125,000 from the disposal of its Casa interests.
In total, the company will receive US$1.5mln, with the next US$125,000 payment expected within the next 30 days.
Initial payments were delayed due to constraints imposed by relevant Canadian exchange regulations, according to a statement.
2.10pm: MySale rockets after Fraser's deal
MySale Group PLC skyrocketed 124% to 3.7p as it continued its momentum from Thursday following Fraser Group PLC’s minority acquisition.
The retail giant bought 28.7%, for an undisclosed amount of the Australian-based fashion marketplace.
Fraser said it believes the acquisition creates a strategic partnership that will facilitate end-of-line products to be cleared via an established clearance channel.
The FTSE 250-listed company added that the pipeline will be further boosted by the counter-seasonality between the European and Australian climates.
1.00pm: Benzant Resources shoots up on back of good progress
Bezant Resources PLC (AIM:BZT) advanced 8.7% after said it made good progress during the past year with all its projects and it has a “strong portfolio of projects in the right commodities” as it reported final results for last year.
Still at the pre-revenue stage, the group reported a loss after tax of £1.06mln from operations for the year ended 31 December 2021.
Cash equivalents stood at £728,000 at the end of the period.
Colin Bird, executive chairman commented: “When we acquired the project, we had a substantial database that concluded that the project had good copper and gold grade and could potentially support a small mining operation for at least 10 years.
“We have now integrated all the data and carried out further near-surface drilling and believe that the project is of significantly more value than previously considered.”
10.30am: Itaconix climbs on record sales
Itaconix PLC (LSE:ITX, OTCQB:ITXXF) rose 19% on record performance in interim revenue for the first half of the year, securing confidence in meeting market expectations for 2022, it said.
The polymer developer attributed it to strong demand and a hike in orders from both existing and new customers in the cleaning sector.
Itaconix claimed its production capacity will be sufficient enough to meet customer needs, while its supply chain for raw materials improved in recent months.
"We are fortunate that the value of our products and the lack of direct competition support us in making judicious price increases as we navigate the cost increases experienced globally," it commented.
9.30am: Live Company jumps on expected profitable first Frankfurt K-Pop festival
Live Company Group PLC (AIM:LVCG) jumped 13% to 5.7p after it said the first KPOP.Flex festival in Frankfurt last month is expected to have been profitable, as it confirmed that 65,000 tickets were sold and at average ticket prices that were higher than expected.
The average ticket price was €86 for the two-day event, well up on the €70 that was the company’s previous guidance, which would equate to total sales of around €5.5mln.
With the dates for next year’s Frankfurt concert confirmed, ticket sales were said to have exceeded €1mln, even before artists have been announced. Including the 2023 festival, there will be four more KPOP.Flex events in Frankfurt under the current deal.
Live Company also signed a four-year contract with The O2 arena in London for a three-day KPOP.FLEX festival, beginning in September 2023, and plans to extend the concept into other cities in Europe and globally.