Kavango Resources PLC (LON:KAV) has published initial images of three-dimensional geological modelling developed from data obtained from the Kalahari Suture Zone project in south-western Botswana. The images confirm significant similarities between the northern Hukuntsi section of the KSZ and the giant Norilsk mining centre in Siberia. Norilsk accounts for 90% of Russia’s nickel reserves, 55% of its copper and virtually all of its’ platinum group metals. Kavango said it increasingly believes that Hukuntsi has the potential to host very significant copper, nickel and platinum group metal deposits.
Synairgen PLC (LON:SNG) shares opened strongly higher on Tuesday after it unveiled positive interim data from its phase II study of inhaled interferon beta drug for people with chronic obstructive pulmonary disease (COPD) that it said was also “supportive” of its coronavirus (COVID-19) programme. The analysis of SNG001 revealed it was well tolerated in this older population studied and that lung antiviral responses were “significantly enhanced”. The results thus far support the treatment’s progression for use with exacerbating COPD patients, where the symptoms have worsened and require treatment with an anti-inflammatory called a corticosteroid and/or antibiotics. Crucially, the data helped make the case for Synairgen’s COVID-19 programme. In the update, the company said it was in discussions with “a number of regulatory agencies worldwide” to establish a route to the approval for its drug as a treatment of the severe symptoms of the virus.
Gaming Realms PLC (LON:GMR) has told investors it increased revenue by 66% in the first half of 2020 to GBP5.2mln versus GBP3.1mln in the same period of 2019. The company said that the impacts of the coronavirus (COVID-19) lockdowns were supportive of the business, with more people playing its games, and the group noted that it has maintained similar levels of growth since June 30 as well. The firm, which makes and licences real money games, noted that it has high margin revenue growth and a relatively stable fixed cost base. Earnings for the first half amounted to GBP1.24mln, from a GBP0.1mln loss a year earlier.
Seeing Machines Limited (LON:SEE) said it has signed a memorandum of understanding (MOU) with a global semiconductor company as formal terms of engagement are finalised to licence its Occula Neural Processing Unit. The AIM-listed firm, which specialises in artificial intelligence (AI) powered operator monitoring systems, said the collaboration represented the third pillar of its recently announced embedded product strategy, which will see the company make Occula available for license as an application-specific integrated circuit (ASIC) to semiconductor companies for integration with any automotive computing platform. Occula is an accelerator designed for integration into ARM-based systems-on-chip to enhance the company’s software and to support “ultra low-power human face, eye and body tracking”.
Silence Therapeutics PLC (LON:SLN) said it has received approval from the US Food and Drug Administration (FDA) for its Investigational New Drug (IND) application for SLN360. The FDA has given the go-ahead for Silence to start SLN360 dose-escalation studies in healthy volunteers and secondary prevention patients with elevated Lipoprotein(a). Silence hopes to start dosing healthy volunteers in the Phase 1 trial by the end of the year but acknowledged that the coronavirus (COVID-19) pandemic may affect timings. On the corporate side, Silence announced, separately. that the US Nasdaq exchange has approved the listing of the company’s American Depositary Shares (ADS) and trading can start from today.
Digitalbox PLC (LON:DBOX) has reported sharply reduced losses in its first half after the media group said its performance had exceeded its expectations despite “difficult conditions”. For the six months to June 30, 2020, the owner of the Daily Mash and Entertainment Daily websites reported a pre-tax loss of GBP102,000, narrowed from a GBP713,000 loss in the prior year, while revenues climbed by 38% to GBP1mln. The company said growth in website traffic and revenues in the first quarter of its current year had offset the impact of the coronavirus pandemic in the second quarter, with the Daily Mash, in particular, seeing record traffic during lockdown as UK users spent more time online.
Newmark Security PLC (LON:NWT) told investors that its Safetell subsidiary has landed two new contracts with two existing clients. One client, a multinational financial services company, has inked a two-year contract for security and asset protection systems across a nationwide branch network (over 500 locations) and it is worth around GBP1.3mln. The other, with a UK building society, is a three-year contract for auto doors located at branch entrances. It is worth an estimated GBP400,000.
Arix Bioscience PLC (LON:ARIX), the biotech companies backer, saw its net asset value (NAV) per share improve markedly in the first half of 2020. Arix said its NAV had risen to GBP251.0mln by the end of June 2020 from GBP202.1mln at the end of 2019. NAV per share jumped 24% to 185p from 149p, the company revealed in its interim results. The group’s gross portfolio value climbed to GBP203.4mln from GBP149.2mln at the end of 2019, driven by good clinical and financial progress by its portfolio companies.
Shanta Gold Ltd (LON:SHG) said its new West Kenya project could contain a number of large, high-grade deposits with district-scale gold potential. The company’s Kenya ground is situated on the northernmost greenstone belt in the Lake Victoria Goldfield, the Archaean Busia-Kakamega (ABK) belt. The licences on this belt “cover a greenstone gold district similar in size to the great Val d’Or District-Abitibi in Canada,” Shanta chief executive Eric Zurrin told investors in a statement.
Inspiration Healthcare Group PLC (LON:IHC) told investors it has sought permission to start trials for a respiratory device designed for use in neonatal intensive care. The technology for the device, referred to as Project WAVE, was acquired in 2018 by Inspiration under licence from a leading US west coast university. The technology was granted a patent in March 2020. An application has been submitted through the Integrated Research Approval System (IRAS), requesting to start the trial at the Trevor Mann Baby Unit, Brighton & Sussex University Hospital.
Advanced Oncotherapy PLC (LON:AVO), the maker of next-generation proton therapy systems, said assembly activities at its Cheshire facility have resumed. In an update, the company said it has received all bespoke and high precision accelerating structures for its game-changing LIGHT technology, adding that it was expecting the delivery of further supporting equipment in line with its completion plan. The company told investors that “clinical use discussions” were continuing with the University Hospitals Birmingham NHS Foundation Trust (UHB), the London Clinic and the Mediterranean Hospital ahead of the installation of their LIGHT systems.
Coinsilium Group Limited (LON:COIN) said it has successfully launched The Post Covid Hack, a global blockchain hackathon initiative organised in partnership with its portfolio company Indorse ltd. An online hackathon is a design sprint-like event, spread over several weeks, in which computer programmers and developers collaborate on software projects to create functioning software solutions by the end of the event. The blockchain advisory group said the objective of the Post Covid Hack is to mobilise and incentivise blockchain developers to build solutions to address social and economic issues emanating from the coronavirus pandemic. The hackathon, which has enlisted the support of over 60 partners, was launched in August with the opening of registrations and a series of pre-hackathon educational webinars. In a separate statement on Monday, Coinsilium advised that a new special report on the company from Value The Markets has been published and is available in PDF form for download via the following link: https://d2f01vdlwcs5n6.cloudfront.net/wp-content/uploads/2020/09/07114705/Coinsilium-report.pdf
SkinBioTherapeutics PLC, a life sciences company focused on skin health, has announced the appointment of Dr Jonathan Sheffield as a senior medical advisor with immediate effect. The group noted that Dr Sheffield formerly served as the CEO of the National Institute for Health Research (NIHR), Clinical Research Network since 2010. The Clinical Research Network delivers clinical research studies throughout the NHS in England covering primary, secondary and tertiary care. In 2018-19, the Network recruited over 902,000 patients into over 5,250 studies across the NHS.
Vast Resources PLC (LON:VAST), the AIM-listed mining company has updated the market on progress at its Baita Plai Polymetallic Mine in Romania. Following the previous announcement made on September 7, 2020, regarding the general mine update at Baita Plai, the company said that the contractors who are fabricating the new steel bridge access point at Baita Plai have confirmed the new structure will be installed by September 18, 2020. The company said it will provide further updates on progress via social media.
OKYO Pharma Limited (LON:OKYO), the life sciences and biotechnology company focused on the discovery and development of novel molecules to treat inflammatory dry eye diseases and chronic pain said it has raised a further GBP500,000 through the issue of convertible loan notes (CLNs) placed with a single private investor. The CLNs carry an interest rate of 2.15% compounding, have a maximum term of 4 years and convert into ordinary shares at a price of 8.5p per share. Conversion will be subject to shareholder approval and no conversions may take place prior to May 15, 2021. OKYO said it intends to use the net proceeds received from the CLNs, to further the development of its clinical pipeline and for working capital purposes.
Savannah Resources PLC (LON:SAV) is raising GBP2.3mln via a placing of shares at 1.8p. The proceeds will be used to supplement Savannah’s existing working capital as it continues to advance its Mina do Barroso lithium project in Portugal and Mutamba Mineral sands joint venture in Mozambique.
Oracle Power PLC (LON:ORCP) said it and its consortium partners have been invited to meet with the country’s Private Power and Infrastructure Board on Friday. to discuss the Thar project. In a statement, Oracle added the purpose of the meeting is for the consortium formally to present the Thar Block VI project implementation plan with a view to finalising the award of a Letter of Intent (‘LOI’). The meeting will be chaired by the Special Assistant to the Prime Minister on Power in Islamabad, along with representatives of the Ministry of Energy (Power Division), CPEC Authority and the Planning Commission (Islamabad).
Alien Metals Ltd (LON:UFO), a minerals exploration and development company, said it has updated its corporate presentation which can be found on the following link: https://www.yumpu.com/en/document/read/64099243/september-2020-alien-metals-presentation-final
[email protected] Capital PLC (LON:SYME) said it has been notified by The AvantGarde Group S.p.A. (TAG) that it has transferred 940,000,000 ordinary shares of 0.002p each in the capital of the company at 0.6872p per share to an institutional investor interested in supporting the company’s growth. The transaction is consistent with TAG and its group companies’ strategy to form relationships with institutions that will help to develop [email protected]‘s inventory funding capability alongside banks and intermediaries, as outlined in recent communications, it added. The company said it will announce further details regarding its comprehensive inventory funding process and its developing relationship with a number of institutional investors as soon as practicable. The group noted that its chief executive Alessandro Zamboni’s shareholding in the company held directly through Orchestra Group remains unchanged by the TAG transactions, of which he is the sole director. TAG’s holding in SYME has been reduced to 54.06% from 56.93%.
Iconic Labs PLC (LON:ICON), a multi-divisional new media and technology business, announced that it has received a notice of exercise from European High Growth Opportunities Securitization Fund in respect of the exercise of its conversion rights under the Convertible Bonds issued in respect of the fifth and sixth tranches drawn down under the Financing and Settlement Agreement for the aggregate principal amount of GBP240,000 resulting in the issue to the investor of 3,428,571,428 new Iconic Labs ordinary shares.
Chaarat Gold Holdings Limited (LON:CGH), the AIM-quoted gold mining company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, has said it will release its unaudited results for the six-month period ended June 30, 2020, on September 11, 2020. Chaarat also said it will host an analyst and investor conference call and presentation on Monday, September 14, 2020, at 9:00am BST. Participants can register via the following link and will receive a link to the Zoom presentation: https://us02web.zoom.us/webinar/register/WN_Xvnik3kCTlWJNATx6Jp_rg. Participants are invited to submit questions prior to the presentation to [email protected]. The presentation will be available for download from the company’s website two hours before the call at https://www.chaarat.com/report_category/presentations/. A recording of the conference call will subsequently be available on the company’s website.
Chariot Oil & Gas Limited (LON:CHAR), the Atlantic margins focused energy company, has confirmed that at its annual general meeting held on Tuesday all resolutions proposed to shareholders were duly passed. As previously announced, the group also hosted an audio webcast call for investors which can be accessed via the following link: https://webcasting.brrmedia.co.uk/broadcast/5f4fca61b14d87262643e2c2
Powerhouse Energy Group PLC (LON:PHE), the UK technology company pioneering hydrogen production from waste plastic, has said its annual general meeting (AGM) will be held at 11.30am on September 30, 2020, at the company’s registered office at 15 Victoria Mews, Mill Field Road, Cottingley Business Park, Bingley, West Yorkshire BD16 1PY. To comply with the UK Government’s current guidance in relation to the coronavirus (COVID-10), shareholders will not be allowed to attend the meeting in person and are strongly encouraged to therefore submit their votes, in respect of all matters of business, via proxy as early as possible. Should a shareholder have a question that they would have raised at the meeting, the company is asking that instead of attending the meeting they send it by email to [email protected] to be received by 5pm on 28 September 2020. To the extent that answers can be given to such questions, answers will be published on the company’s website following the AGM.
NQ Minerals PLC (AQSE:NQMI) (OTCQB:NQMLF) (OTCQB:NQMIY) announced that at its annual general meeting held on Tuesday, September 8, 2020, all the resolutions which had been put forward to shareholders were duly passed.
Proactive Research has initiated coverage on Botanical Holdings an investment company focused on selective investments across all verticals of the legal cannabis industry. Analyst Ed Stacey noted that the company is working towards a public market listing on the Aquis exchange during the fourth quarter of 2020, and through its current portfolio of wholly and majority-owned subsidiaries, addresses three market segments.