Proactive news headlines: SourceBio International, BASE Resources, 88 Energy, Horizonte Minerals…

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SourceBio International PLC (LON:SBI) is to support the roll-out of mobile COVID-19 testing in the UK as part of the Department of Health and Social Care’s new pilot scheme.

BASE Resources PLC (LON:BSE) has passed an important milestone in its bid to increase the mine life of its mineral sands operation in Kenya.

88 Energy Ltd (LON:88E) has announced the start of rig mobilisation for the Merlin-1 well, in Alaska, where drilling is scheduled to start in the first week of March.

Horizonte Minerals PLC (LON:HZM) confirmed the closing of its share placing, with the nickel mine developer raising GBP18mln in total.

Union Jack Oil PLC (LON:UJO) announced the convening of a general meeting, including a proposed consolidation of the company’s share capital. A shareholder circular explaining the reasons for the consolidation and other proposals is being posted to shareholders and will be available on the company’s website at under the AIM Rule 26 section.

Power Metal Resources PLC (LON:POW) said that save for the 40mln Financing Warrants held by insiders and connected parties valid exercise notices have been received for 100% of all the February 2019 Warrants. Exercise of the February 2019 Warrants to date has raised GBP1.68mln for the company and in total all warrant exercises in 2020/2021 have raised circa GBP2.9mln, it said. Working capital, including cash and listed investments, currently stands at circa GBP3.28mln, it added.

OPG Power Ventures PLC (LON:OPG) has reappointed Mike Grasby as a non-executive director. Grasby, 77, was a non-executive director from May 2008 until November 2019 and in a long career has worked for power companies all around the world.

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