Proactive news headlines: BATM Advanced Communications, Keywords Studios, Gaming Realms, MetalNRG…

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BATM Advanced Communications Ltd (LON:BVC) has signed its first tier-1 customer for its NFVTime virtual networking solution. The customer, an Asia-headquartered telecommunications provider to multi-national enterprises and communication service providers globally, has entered a three-year licensing agreement after carrying out a proof-of-concept trial.

Keywords Studios PLC (LON:KWS) has acquired Maverick Media Limited, a video games creative marketing agency, in a deal worth up to £3.6mln. The video game development services group said London-based Maverick had “little client overlap” with its other marketing studios and so will further extend its client relationships in a growing area.

Gaming Realms PLC (LON:GMR) said it has signed its first multi-state direct-integration agreement with its existing partner, Rush Street Interactive (RSI), one of the fastest-growing gaming firms in the US. The AIM-listed firm’s existing partnership with RSI, which currently sees its Slingo Originals portfolio distributed in New Jersey through a remote game server, is being extended to incorporate the addition US state of Pennsylvania, RSI’s largest territory.

Mosman Oil and Gas Ltd (LON:MSMN) told investors that the drilling of the Stanley-4, in Texas, is anticipated to start as soon as possible. The company said that the drill rig is now on-site.

MetalNRG PLC (LON:MNRG) said it is close to completing a deal to acquire a UK oil and gas business, although due to COVID-19 restrictions the formal completion of the transaction has been delayed. Technical, financial and legal due diligence has been completed and deemed satisfactory and the company is now finalising a share purchase agreement to acquire the privately-owned company.

AEX Gold Inc’s (LON:AEXG) chief executive has hailed a “significant increase in activity” across its portfolio in the first half of its current year. CEO Eldur Olafsson added that following a C$72.7mln fundraise and AIM listing in July, the Greenland-focused gold group “is in a very strong position” and funded for planned work at its Nalunaq project, where it is currently performing exploration and pre-development work.

Pembridge Resources PLC (LON:PERE) has announced the departure of another shipment of copper concentrate from the Minto mine in Canada’s Yukon region. It is the second shipment since the Minto mine re-opened and is expected to arrive at the port of Niihama, Japan, by mid-September.

Ariana Resources PLC (LON:AAU) saw an 18% increase in gross income from its Kiziltepe Mine in Turkey, buoyed by a fall in costs below US$500 per gold ounce, a rise in stockpiled silver sold and higher precious metals prices. The company, which owns the operation with local partner Proccea Construction, said precious metal sales generated US$9.9mln in the second quarter.

Galantas Gold Corporation (LON:GAL) said in its second-quarter results statement that certain underground work continued at its Omagh mine in the first half of 2020. Ore production remains suspended until finance is available to expand the underground operation but following the suspension of blasting operations at the mine the processing plant has continued to operate on a limited basis.

Power Metal Resources PLC (LON:POW) said a natural field audio magneto telluric (NFAMT) survey has been completed at the Molopo Farms Complex project in Botswana, which is 40% owned by Kalahari Key Mineral Exploration (KKME), in which the company holds an 18.26% holding. The AIM-listed firm said the NFAMT survey has covered a selected four of eight high priority targets for nickel-platinum group metals which were identified in previous high-resolution airborne electromagnetic and ground geophysics.

Power Metal later announced that its 49.9%-owned Australian gold joint venture company Red Rock Australasia (RRAL) has submitted a new additional license application for a further tenement, EL007460, known as Kilmore West, covering a new target area. RRAL is a joint venture with Red Rock Resources PLC (LON:RRR).

IronRidge Resources Limited (LON:IRR) announced it has been accepted as a member of the European Battery Alliance (EBA250). The AIM-listed firm said membership will provide access to a network of potential industrial, academic and government partners throughout the value chain, from mining to recycling, as well as market research information, visibility and cooperation opportunities.

Metal Tiger PLC (LON:MTR) told investors it has subscribed new equity in Sable Resources Ltd (CVE:SAE), with the investment set to give it a 1.05% stake in the company. Toronto-listed Sable is a precious and base metals explorer in Latin America with assets in Mexico, Argentina, and Peru.

Later Metal Tiger added that it expects to receive a net dividend payment of around £283,000 from its holding in Sandfire Resources in September.

Sunrise Resources PLC (LON:SRES) has now raised a total of £1mln as further shares were issued to satisfy demand from existing shareholders. Peterhouse Capital raised an extra £250,000 through the issue of 89,285,714 shares as part of a broker option facility at a price of 0.28p per share.

Scancell Holdings PLC (LON:SCLP) said a consortium led by its chief scientific officer will receive government funding to kick start clinical development of a long-acting COVID-19 vaccine based on the company’s technology. The drug developer said it expects to receive around £2mln of the sum awarded by Innovate UK, which should underwrite the majority of the costs of the phase I trial, which gets underway next year.

Condor Gold (LON:CNR; TSX:COG) said it has received gross proceeds of £21,917.60 after issuing 54,794 new shares are warrants were exercised, with a subscription price of 40p per share.

Tiziana Life Sciences PLC (NASDAQ:TLSA, LON:TILS) noted that an interview with its chief executive and chief scientific officer Kunwar Shailubhai is now available for investors on YouTube. In the interview, Shailubhai updates shareholders on its three patented treatments, including methods and use of anti-CD3 monoclonal antibodies for treatment of Crohn’s Disease, including Tiziana’s lead drug Foralumab; as well as comments on the company’s clinical pipeline and near-term milestones for reporting data for its oral and nasal Phase 2 clinical studies with Foralumab and its plans for clinical development of a novel fully human monoclonal antibody for COVID-19.

Live Company Group (LON:LVCG) said it will be hosting an investor webinar via Monecor UK Ltd on Wednesday September 2 at 17:00. 

 

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