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The Markets
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Proactive news headlines: DeepVerge, Pantheon Resources, Empire Metals and more

Altech Chemicals Ltd (ASX:ATC) has appointed Leadec Automation & Engineering GmbH as lead engineer for a definitive feasibility study (DFS) in relation to the CERENERGY® 100MWh Sodium Alumina Solid State Battery project for grid energy storage, to be built in Saxony, Germany.

The German company is a leading global service specialist for factories across their entire life cycle and related infrastructure and is highly experienced in cell production, module and pack production design.

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Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) has garnered a repeat 'buy' rating with a 46p price target from analysts at Liberum Capital who noted that the company's "best-in-class Ewoyaa spodumene lithium project in Ghana continues to deliver".

The 'house' broker's analysts pointed out that the latest assay results, reported by the company last Thursday, provided further confidence both in resource conversion and in extending mineralisation.

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Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) said it has signed a deal worth up to US$208mln in upfront and milestone payments to license its anti-glycan antibody to cancer therapy specialist Genmab (CSE:GEN).

A US$24bn Nasdaq-listed Danish group, Genmab has been granted an exclusive worldwide licence to develop and commercialise the antibody for all therapeutic and disease areas barring cell therapies.

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Open Orphan PLC (AIM:ORPH, OTC:OPORF) said its name change to hVIVO PLC will take effect on AIM from Wednesday, October 26.

hVIVo’s ticker will be HVO, with its web address becoming www.hvivo.com.

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Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) told investors that the Alkaid-2 well in Alaska has shown promising indications of reservoir performance whilst it remains in the early phase of clean-up, prior to production testing.

Oil was produced from the well along with a strong flow back of frac fluid – measured in thousands of barrels of fluids per day - including frac sand which was described by Pantheon as higher than expected but not uncommon.

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Empire Metals Ltd (AIM:EEE) has released the results of an expert review on the Pitfield copper project in Western Australia.

The review was undertaken by the company's exploration team under the supervision of consultants Ed Baltis and Dr Neil O’Brien.

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IXICO PLC (AIM:IXI, OTC:PHYOF) said underlying earnings for the year to end-September 2022 are expected to align with market expectations, while its revenue guidance for full-year 2023 remains unchanged from its previously announced forecast of around £7mln.

EBITDA for the 12 months to 30 September 2022 is expected to be £1.5mln, the artificial intelligence data analytics company focused on neuroscience said in a trading update.

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Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) said it has officially launched its content in the US state of Connecticut, with its partner Draftkings Inc (NASDAQ:DKNG).

Five games will go live on the initial launch, with a further nine set to be released shortly, the creator of mobile games said.

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Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) has noted associate Cobre’s results from its first diamond drill hole into a new set of exploration targets at the Ngami copper project. The hole intersected 12m of copper mineralisation.

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