Atlantic Lithium said its progress at its Ewoyaa lithium prospects over the past six months had justified its decision to demerge its gold assets from the rest of the business.
“Over the period, we increased the Mineral Resource Estimate for Ewoyaa twice, as well as delivering a Scoping Study and, post-period end, an impressive Pre-Feasibility Study on the project,” said Neil Herbert, executive chairman.
Zanaga Iron Ore Co Ltd booked a loss of US$526,000 in the six months to June 2022. Cash and cash equivalents stood at US$250,000.
During the period, the company continued to work on numerous production scenarios for its Zanaga iron ore project in the Republic of Congo.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) has extended the long stop date for its acquisition of Suni Resources SA from Battery Minerals Limited out to 31 December 2022.
The extension follows variations to the acquisition agreement, which was originally announced on 17 August 2021.
Genflow Biosciences PLC (LSE:GENF) said it is confident about its future following three recent strategic collaborations in longevity research allied to a strong cash position.
In March, Genflow commenced a scientific research collaboration with the University of Rochester's Aging Research Center (RoAR), one of the world's pre-eminent age research facilities.
NetScientific PLC (AIM:NSCI) said it has plans in place for further growth by helping realise value from its companies – and is adapting to the environment after a challenging first half of the year.
Despite the recent market turmoil, fair value of its portfolio of 22 life science and technology companies decreased slightly to £29.2mln at the half-year stage, compared to £31mln a year ago, while capital under advisory was up 11% at £24.6mln.
Aquis-listed blockchain company Coinsilium increased year-on-year revenues by 74% to £139,000 according to its latest interim report.
The group ended the period with £1.1mln of cash in the bank and approximately £1.3mln in crypto treasury reserves denominated in bitcoin (BTC) and ether (ETH).
Tower Resources PLC (AIM:TRP) chief executive Jeremy Asher highlighted "significant progress in a volatile environment" as the AIM-quoted explorer reported interim results for the first six months of 2022.
Significantly, the company highlighted that its exploration prospects and asset base were boosted by encouraging third-party drilling results in Namibia, but also that rig availability has been impacted by the uptick in industry interest across the oil sector.
Open Orphan PLC (AIM:ORPH, OTC:OPORF), which is soon changing its name to hVIVO PLC, announced that positive data from a peer-reviewed study that evaluates the in-vitro efficacy of FLU-v, a broad spectrum influenza vaccine, was published in the scientific journal Vaccines.
FLU-v is owned by Imutex, a joint venture between hVIVO and PepTcell Ltd set up with the aim of developing vaccines against influenza and mosquito-borne diseases such as Zika virus, malaria and other flaviviruses.
Caerus Minerals PLC said it made operational progress in Cyprus in the first half of 2022, but other issues had overshadowed its performance.
In particular, at Kalavasos, the imposition of a regional military buffer means the licence is effectively cancelled while there have been funding issues at the Troulli development and a disputed claim for A$2mln from Kalavasos' vendor BMG Resources.
ImmuPharma PLC (AIM:IMM, OTC:IMMPF) said it welcomed the "helpful" recommendations made by the US regulator in written response ahead of the next clinical trial of Lupuzor, a treatment for the autoimmune condition lupus.
Lupuzor, also known as P140, is being taken through a final-stage study by ImmuPharma’s American partner Avion Pharmaceuticals.
Graft Polymer (UK) PLC’s first half-year earnings call following admission to the London Stock Exchange underscored a number of key milestones for the polymer modification and bio supplements company.
The group went public in January, netting £4.15mln in the process, thus ending the period in an enviable net cash position with £2mln in the bank post capital expenditure, with no outstanding debt.
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) said it has been granted a 90-day extension by the US Food and Drug Administration (FDA) to 30 December 2022 in order for the regulator to review the company’s new drug application.
Polarean has developed a drug-device system that provides enhanced imagery of the lungs using hyperpolarised xenon-129 gas.
NextEnergy Solar Fund Ltd (LSE:NESF) told investors it has expanded its bank credit facilities as it looks to progress its pipeline of solar farms and battery storage assets.
The revolving credit facility with AIB Group and NatWest has been extended to £135mln from £75mln, increasing its total borrowing capacity to £205mln.
Cloudbreak Discovery PLC (LSE:CDL), the resources project generator, has drawn on the equity agreement with Crescita Capital set up in February 2021. Shares have been issued at 1.3p per share resulting in 14mln being issued.
Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF), the Caribbean and Atlantic margin-focused oil and gas company, posted a profit of US$4.28mln in the half year to end-June 2022 after gains from restructuring its operations in Trinidad and Tobacco. Operating losses were US$5.94mln (US$6.35mln) offset by one-off gains of US$8.6mln. Revenues were US$2.68mln (US$2.3mln)
In a going concern statement, Challenger said it should have enough cash for at least twelve months based on its current assumptions.
Catenae Innovation PLC (AIM:CTEA) has published its results for the year-end September 2021 and also its interims to March 2022, both of which were held up by delays in getting the audit completed. Losses in the half year to March were £287,000 with net assets of £110,000. In the year to September, the digital media group published a loss of £1.25mln. Cash and equivalents at the end of March were £337,000.
Landore Resources Ltd (AIM:LND, OTC:LNDLF) said it expects to complete the strategic review of its BAM Gold and battery metals deposits on the Junior Lake property by the end of this quarter.
The options under consideration include potential joint venture arrangements or strategic partnerships, the sale of all or a part of its wholly owned subsidiary, Landore Resources Canada Inc. or the Junior Lake Project, or 'a combination thereof'. Landore reported a loss of £794,000 (£2.4mln) in the six months to end June 2022 with cash at the period end of £740,000.
Thor Mining PLC (AIM:THR, OTC:THORF, ASX:THR) released its audited annual financial report for the twelve months ended 30 June.
Panthera Resources PLC (AIM:PAT) said it has navigated its fourth full year as an AIM-quoted company, continuing its efforts to unlock the significant potential value of the Bhukia project in Rajasthan, India. Today, the company posted its annual report.