Chariot’s feasibility studies with Total Eren on ‘Project Nour’, a proposed large-scale green hydrogen project in Mauritania, is another meaningful step for its Transitional Energy business, says Peel Hunt.
The JV focus on permitting, local content and stakeholder engagement, alongside progressing detailed feasibility work and potential offtake for produced green hydrogen builds on its growing portfolio of renewable energy/mine site clean power deals across Africa.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) is on track to deliver its target production of 3,000 barrels of oil per day (bopd) and its current assets have considerable further growth potential, according to analysts at Canaccord Genuity (TSX:CF, LSE:CF) Ltd, which has initiated coverage on the oil producer with a ‘Buy’ rating.
Analysts set a target price for the company’s TSX Venture Exchange and United Kingdom AIM-listed stock of C$0.54 (£0.36). Arrow is currently trading at C$0.26 (£0.17).
Mila Resources PLC (LSE:MILA) said it has begun its stage 2 drilling programme at the Kathleen Valley Gold Project in Western Australia.
The post-discovery gold exploration company said diamond core drilling started today at the flagship Coffey deposit following a “successful stage 1 programme,” which uncovered a defined mineralisation zone 200 metres (m) long, 220m down dip and ranging from 2m to 10m in true thickness.
Cellular Goods PLC (LSE:CBX) has released a report highlighting the top five benefits of cannabinoids for skincare applications.
The report, written by its head of research and product development Alexia Blake, cited the benefits as ageing prevention, anti-inflammatory, antioxidant, anti-bacterial, and anti-melanogenesis.
Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) has made ‘significant progress’ since its IPO last June and remains well funded, according to the company’s broker, finnCap.
In a note accompanying the interim results, it added that news events in the latter part of this year and into early 2023 'could be catalysts to enliven new shareholder interest’.
‘Low cost and reliable’ Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) is a bargain among the Africa-focused gold diggers, according to Liberum.
The City broker repeated its ‘buy’ recommendation on the stock in the Zimbabwe-based operator alongside its 1,431p a share price target – a 70% premium to Monday’s close.
Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) has said it is expecting a busy end to the year and start to 2023 after strong progress was made in moving its assets along the value chain in the first half of 2022.
Of keen interest will be the results from POLB 001, a treatment for severe flu. A human challenge study got underway in July with results expected by the end of this year.
Ondine Biomedical Inc (AIM:OBI) said it now has further clinical support for its process of using nasal photodisinfection to reduce post-operative complications caused by infection.
The method involves applying a solution to each nostril that is activated by laser light.
Chariot Ltd (AIM:CHAR, OTC:OIGLF) said it is forming a joint venture with France’s Total Eren to develop the Nour green hydrogen project in Mauritania.
With a 50-50% partnership agreed with the Paris-based renewable energy specialist, the pair will now launch in-depth feasibility studies to co-develop the Nour project and said they may also evaluate further green hydrogen opportunities together in other African countries.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) said it has demobilised the rig used for drilling Alkaid #2 and perforated, stimulated and plugged off the well in sections prior to the commencement of flow testing, anticipated in early October.
Alkaid-2 was Pantheon’s first horizontal well on the Alaska North Slope and drilled down to a depth of 5,300ft.
Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF) notified investors of a transaction by Spruce Bluff Resources Limited, treated as an associated company of non-executive director Robert Stan, in which the company acquired on the London Stock Exchange some 25,100 shares at a price of 164p each. Subsequently, Spruce Bluff holds a total of 403,981, representing 0.16%.
Chaarat Gold Holdings Ltd (AIM:CGH) reported a fatal incident at the Kapan mining operations in the Kyrgyz Republic. Following a safety stop, mining operations are continuing in all other areas it noted. It noted that production guidance for the year from the Kapan mine remains unaffected.
Separately, Chaarat noted that it will release its H1 2022 financial update on Thursday, 8 September 2022.
Benchmark Holdings PLC (AIM:BMK) told investors that it has mandated DNB Markets to arrange a series of fixed income investor meetings commencing on 7 September 2022. A new 5-year senior unsecured floating rate green bond issue of up to NOK 925 million may follow, it added.