Proactive news headlines: Jubillee Metals, Induction Healthcare, Scancell, Polarean Imaging …

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Jubilee Metals Group PLC (LON:JLP) has provided an operational update for the first three months of the second-half of 2020, after returning to full operational status following the coronavirus (COVID-19) related operational interruptions experienced. The AIM-listed group said that the third quarter of 2020 delivered both a record production and financial performance and follows Jubilee’s implementation of the previously announced new third party ore supply agreements, as well as improved efficiencies across its chrome and PGM operations. Jubilee said it continues to make significant progress with the implementation of its copper strategy in Zambia and looks forward to including the copper performance in further operational updates.


Induction Healthcare Group PLC (LON:INHC) said it has signed a strategic collaboration deal with global healthcare technology firm Cerner Corporation (NASDAQ:CERN) to develop a joint patient engagement solution for NHS trusts to deliver “easier, quicker and more efficient service for patients”. The company said the collaboration will closely align existing patient-facing technology in the UK and Ireland, building on the benefits of Cerner’s patient portal solution Healthelife and the integration capability of Zesty, Induction’s patient portal for hospitals, with Cerner’s electronic health record (EHR) Cerner Millennium. Cerner’s EHR is utilised by more than 144,000 health and care professionals across 24 NHS Trusts to manage 1.5mln patients every month.


Scancell Holdings PLC (LON:SCLP) said it has raised GBP30mln to fund the further development of its potential cancer immunotherapies and a possible vaccine for coronavirus (COVID-19). An additional GBP3mln open offer will provide existing investors with the chance to acquire new stock in the business. The US specialist healthcare investor, Redmile Group, is subscribing for GBP12.1mln of new equity at 13p, as well as issuing GBP17.9mln of loan notes that can be converted into shares at the same price.


Polarean Imaging PLC (LON:POLX) has received an order for its drug-device technology from University of Texas MD Anderson Cancer Center, a world-leading research and teaching hospital. The 9820 Xenon Polariser will be used to assess lung function after chemotherapy and radiation therapies, providing guidance for improved radiation treatment planning, the company said.


OptiBiotix Health PLC (LON:OPTI) has said several meal replacement shakes and bars containing its proprietary weight management technology have been launched down under. The products will be sold under the Optislim brand with Woolworths, ChemistWarehouse and on OptiPharm Pty Ltd’s online store in Australia and New Zealand. The launches build on a licence agreement entered into in March 2020 with OptiPharm, whose flagship brand Optislim is the market-leading weight management brand in Australia.


ADM Energy PLC (LON:ADME) told investors that the Aje field, in Nigeria, has now seen its fourteenth lifting of crude, marking the first sales since they were suspended at the onset of the pandemic. Earlier this year, the Aje field’s operator decided to pause oil sales and store production in order to sell the barrels later at better prices. It meant that the scheduled March lifting was skipped. Now, some 557,091 barrels of crude – of which ADM’s share amounts to 33,056 barrels – have been lifted.


Seeing Machines Ltd (LON:SEE) has told investors it is officially expanding its driver monitoring technology to become an overall vehicle interior occupant monitoring system (OMS). It will allow the company’s technology – which conducts head, eye, and face tracking using cameras – to apply not only to the driver but concurrently also passengers in vehicles. The expanded product will be available for automotive production programs starting in 2023, the company said.


Ariana Resources PLC (LON:AAU) said it produced 5,125 ounces of gold at its Kiziltepe mine in Turkey during the quarter ended September 30, 2020. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction and is 50%-owned by Ariana. Ariana continues to guide for full-year production of 18,000 ounces.


e-therapeutics PLC (LON:ETX) said in its interim results statement that it remains in active discussions with large pharmaceutical and biotechnology companies about future collaborations. Meanwhile, its recently announced collaboration with Galapagos is on schedule, with compound testing slated to take place early next year, while it has extended its collaboration with Novo Nordisk until March 2021 to evaluate results that have been generated so far and to decide if further compounds need to be tested to explore the findings to date. The company, which has a computer-based platform to assist in drug discovery, also announced that executive chairman Ali Mortazavi will take on chief executive duties as well.


Red Rock Resources PLC (LON:RRR) chairman Andrew Bell said the company is now on a significantly better footing than it enjoyed a few months ago, with progress on its three large projects. “The company rests on a powerful tripod of interests whose value is becoming less speculative and more real,” Bell said in a trading update on Monday. The trio includes the 75%-owned Migori project in Kenya; the Red Rock Australasia (RRAL) joint venture with Power Metal Resources (LON:POW) covering 2,188 sq km of the Victoria Goldfields region in Australia; and another joint venture with Power Metal focused on copper and cobalt in the Democratic Republic of Congo.


Strategic Minerals PLC (LON:SML) (OTCMKTS:SMCDY) said it has returned a 55% year-on-year boost in sales revenue at the Cobre project in the US in the third quarter to end September 2020. Uninterrupted operations continue at Cobre as a result of effective zero contact on-site due to processes and policies enacted in response to the coronavirus pandemic.


Aminex OLC (LON:AEX) has announced that its wholly-owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited (APT). With the receipt of such approval, the company anticipates completion of the Farm-Out within the next few days. Robert Ambrose, chief executive of Aminex commented: “We are delighted to finally receive Government approval of the Farm-Out and would like to thank all agencies of the Tanzanian Government that were involved in the process. We would also like to thank ARA Petroleum for its invaluable assistance and support in securing Government approval of the Farm-Out and in advancing $5m to the Company over the past 12 months. We now look forward to completing the transaction within the next few days and handing operatorship over to APT.”


Argentex Group PLC (LON:AGF) has said that while coronavirus (COVID-19) disruption led to some deferral of business in the first half of 2020 it expects to make this up over the rest of the year. The AIM-listed firm provides foreign exchange services mainly to small and medium-sized companies but also institutions and high net worths. In a trading update, the company said revenues for the six-months to September 30, 2020, were GBP11.8mln, or 14.7% lower than the previous year. Argentex said continued macro-economic uncertainty and the effects of the COVID-19 pandemic had caused the dip in revenue but it expects these deferrals to result in stronger trading volumes in the second half of the financial year.


Scotgold Resources Ltd (LON:SGZ) has raised GBP3mln by way of a placing of shares at 110p each. The proceeds of the placing will be used to accelerate plans to double production at the Cononish gold and silver mine in Scotland. Cononish remains on course to become Scotland’s first commercial gold mine by November 30, 2020, the group said. Funds will also be used to increase exploration activities, rolling out Scotgold’s systematic programmes across its 2,900 square kilometre licence portfolio in the Grampian Terrane of Scotland.


Eurasia Mining PLC (LON:EUA) has said it notes the recent significant rise in the company’s share price and added that there have been no new developments requiring formal notification beyond those included in the company’s announcement of interim results on September 30, 2020.


Kodal Minerals PLC (LON:KOD), the mineral exploration and development company, announced after the market close on Friday that it has received a conversion notice in relation to its US$1.5mln unsecured convertible loan with Riverfort Global Opportunities PCC Limited and YA II PN Ltd, details of which were announced on July 15, 2020. The group said the investors have elected to convert a total amount of $102,352.31 (equivalent to GBP79,271.86), made up of a principal amount of US$100,004.40 and accrued interest of $2,347.91, into 125,034,486 new ordinary shares of 0.03125p each in the company at a price of 0.06340p per ordinary share.


Vast Resources PLC (LON:VAST), the AIM-listed mining company, has updated the market on progress on the asset-backed debt financing process linked to its Baita Plai Polymetallic Mine. Following the previous announcement made on September 10, 2020, regarding progress on the debt financing process with an international banking institution, the group has informed the market on an indicative timeline to the conclusion of the debt finance facility. Independent consultants have now been engaged by the bank and subject to the satisfactory finalisation of technical, environmental and legal due diligence the company and the bank are targeting the finalisation of a binding term sheet by the end of November with final approval targeted in December.


Metal Tiger PLC (LON:MTR), the AIM-listed investor in natural resources opportunities, announced that it has received a warrant conversion notice for 68,965 new ordinary shares to be issued at a price of 20p each for total proceeds of GBP13,793.00.


ClearStar Inc. (LON:CLSU) announced that as Hanover Bidco’s recommended offer for the company has now been declared unconditional in all respects, Barney Quinn, Kenneth Dawson and Andre Schnabl have resigned from their positions as directors of ClearStar and Jan Fredrik Wilhelm Lundqvist, Michael Comish, Anthony Nicholas Greatorex and John Woodard have joined the ClearStar board as non-executive directors, all with immediate effect.


Oriole Resources PLC (LON:ORR), the AIM-quoted exploration company focused on West Africa, has announced that, ahead of the company’s upcoming General Meeting on October 27, 2020, its directors will host an online question and answer (Q&A) session at 3pm on October 20, 2020. Shareholders can attend by registering at the following link https://my.6ix.com/IgSPpLjd. As previously announced, the General Meeting has been called in order to pass resolutions to allow the company to proceed with a fundraise for GBP1.869mln, primarily to fund its maiden drilling programme at the Bibemi gold project in Cameroon.


[email protected] Capital PLC (LON:SYME), the innovative fintech platform which provides a unique, market-leading Inventory Monetisation service to European manufacturing and trading companies, has announced that following a competitive tender process, its board has appointed Crowe U.K. LLP as the group’s auditor until the company’s next annual general meeting, at which their re-appointment will be proposed and voted on by shareholders. Crowe Global is the 8th largest global accountancy network operating in more than 130 countries. SYME CEO, Alessandro Zamboni, commented: “We are very pleased to appoint Crowe as our auditor. Their size, international presence and sector awareness should complement very well the Platform’s scalability plans and, accordingly, the current Company cross-border expansion.”


Proactive Research has issued a report on TomCo Energy plc (LON:TOM), an oil & gas exploration and production company which operates in the Uinta Basin in Utah. Analyst Ed Stacey noted that the group’s project took a further step forward in September 2020 with the release of a pre-FEED (front end engineering design) study detailing the economics of a production plant based on the new system and he examines the implications of the pre-FEED report.

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