Quadrise Fuels International PLC (LON:QFI) has launched a new sustainable fuel product called bioMSAR. It is a synthetic alternative to heavy fuel oil (HFO) with significantly reduced greenhouse gas emissions, the company said. In the new product the company’s MSAR technology is used to combine renewable glycerol with water and refinery residues to produce an oil-in-water emulsified synthetic fuel. The company noted that, compared to HFO, the new product can produce emissions with 20%-30% less carbon dioxide, whilst nitrous oxide and particulate levels will also be lower.
SourceBio International PLC (LON:SBI), a laboratory services provider, has said it is expanding its presence in the coronavirus (COVID-19) testing market. The group has announced a strategic commercial partnership with Oxford Nanopore Technologies, a next-generation DNA/RNA sequencing technology company, to offer a commercially available COVID-19 testing solution to corporate customers at scale. The test will also be offered to consumers. Oxford Nanopore will provide its LamPORE testing kits and SourceBio will provide the lab facilities.
BATM Advanced Communications Ltd (LON:BVC) said it has invested additional funds into Ador Diagnostics to expedite the development of a new rolling circle amplification (RCA) rapid testing technology to diagnose bacterial, viral or fungal infections in under 30 minutes using DNA or RNA sampling. The networking solutions and medical laboratory systems group said it has contributed US$3mln to Ador as part of a US$10mln investment alongside its partners, following which it will have a 36.7% stake in the firm.
Sensyne Health PLC (LON:SENS) has announced the US launch of a product that remotely monitors for diabetes in pregnancy. The group said its partner Cognizant will oversee the roll-out of GDm-Health, which will qualify for reimbursement under remote patient monitoring codes introduced by the Centers for Medicare and Medicaid Services. Diabetes in pregnancy is a common condition that can increase the risk of hypertension and caesarean section in mothers as well as pre-term birth, birth trauma and admission to neonatal intensive care for new-born babies. Over 20% of pregnancies in the States are affected by diabetes every year.
Crossword Cybersecurity PLC (LON:CCS) said it has won a grant from Innovate UK to investigate the issues around effective manufacturing supply chain risk management and possible solutions. The AIM-listed firm said it will use the GBP157,612 grant specifically to identify reasons why only 6% of companies have achieved “full supply chain visibility”. Crossword added that it will also investigate the reasons why organisations are reluctant to share details of their supply chains with their customers, alongside its academic partner and two well-known British manufacturing businesses, and propose solutions for these issues based around its Rizikon Assurance platform.
Oncimmune Holdings PLC (LON:ONC) has revealed that its ImmunoINSIGHTS team played an important role in a study that “significantly expanded” the biomarkers commonly measured in rheumatoid arthritis (RA) patients. The results, published in the peer-reviewed PLOS ONE scientific journal, also helped to develop a detailed picture of the immune response to the disease and its treatment. Researchers from Oncimmune, drug giant Roche and University Medical Center Utrecht analysed auto-antibodies in patients with newly diagnosed RA who were treated with either Tocilizumab or Methotrexate.
Instem PLC (LON:INS) revealed that it has been awarded new business worth around GBP2.2mln by one of its key clients, incorporating additional software licencing, annual support and funded product development revenue streams. The firm, a leading provider of IT solutions to the global life sciences market, said this award “further strengthens our long-standing relationship, the value we bring to one another and the resulting benefits to the wider life sciences research and development market.” The company noted that approximately 35% of the total order value will be recognised in 2020, with the remainder being recognised in 2021. Furthermore, annual recurring revenue generated by the client is expected to increase by approximately GBP0.5mln, providing future revenue visibility, already a significant strength of the company’s business model.
Keywords Studios PLC (LON:KWS) has acquired High Voltage, a privately-owned provider of game development services to the video games industry. Keywords is paying up to US$50mln for High Voltage (HVS), a game developer that is expected to generate underlying earnings of around US$9.0mln in 2021. The initial consideration for the acquisition will be US$23.75mln in cash and the equivalent of US$9.75mln in new ordinary Keywords shares. The deferred consideration of up to US$16.5mln will be payable in a mixture of cash and new shares if certain performance targets are hit.
Metal Tiger PLC (LON:MTR) said its part-owned associate Cobre Limited has executed an agreement to acquire 51% of Kalahari Metals Limited (KML). The company noted that the terms of the share purchase agreement that has now been executed are generally consistent with the previously announced binding ‘heads of agreement’. “We are very pleased that the parties have entered into the SPA, as the board believes that completion of the transaction will facilitate the acceleration of KML’s planned exploration programme in one of the most exciting copper jurisdictions in the world, whilst providing an additional funding partner alongside Metal Tiger,” said Michael McNeilly, the investment firm’s chief executive.
IronRidge Resources Ltd (LON:IRR) has revealed the latest drill results from its Zaranou gold project where it continues to pursue an ‘early ounces’ strategy, targeting oxide gold mineralisation. The latest batch of results from the Phase 3 drill programme has confirmed the continuity of mineralisation over a 1,700-metre strike along the Ehuasso Main target at Zaranou. The deposit remains open at depth. Results have included high-grade areas and broad low-grade intersections.
Blue Star Capital PLC (LON:BLU) said its investee firm SatoshiPay, in which it owns a 27.7% stake, has signed an agreement with Bankhaus von der Heydt (BVDH), one of Europe’s oldest banks, to become the first user of the bank’s fully-compliant euro-backed stablecoin (EURB). Stablecoins are cryptocurrencies that are often pegged to a different asset or basket of assets to stabilise their value and reduce price volatility.
Pan African Resources PLC (LON:PAF) is to build a 10 Megawatt (Mw) solar power plant at its Evander Mines operation in South Africa. The gold miner said the project would cost R140mln (GBP7mln) and be the first of its kind in South African mining. Construction will commence in the first quarter of 2021, with first power expected in the third calendar quarter of 2021. In a trading update released at the same time, Pan African noted that it expects to produce 97,000 ounces of gold in the six months to December 31, 2020, and is on track to meet its full-year target of 190,000 ounces. The gold miner also announced that chief operating officer Andre van den Bergh is to retire on January 1, 2021, after 46 years with the group.
KR1 PLC (AQSE:KR1) ha appointed Rhys Davies as a non-executive director. Davies is the Founder and Managing Director of Creselly Investments and has more than 25 years’ investment and as a director of many listed and unlisted companies and investment funds.
Sareum Holdings PLC (LON:SAR) has highlighted “good progress” on the development of its treatment candidates despite what it said was a “challenging period” for many people and firms during the coronavirus (COVID-19) pandemic. In an update statement to be delivered at the company’s annual general meeting (AGM) on Tuesday, Sareum’s non-executive chairman Stephen Parker said the drug developer’s key focus remains on advancing the development of its two TYK2/JAK1 programmes, namely SDC-1801, targeting autoimmune diseases, and SDC-1802, targeting cancer. In a later statement, Sareum said that, at Tuesday’s AGM, all resolutions were duly passed on a poll.
San Leon Energy PLC (LON:SLE) told investors that it has extended the deadline for the Oza field deal into the new year. The group said the process of completing the transaction has been frustrated by the continuing international restrictions related to the coronavirus (COVID-19) pandemic. A deal was struck in September for San Leon to invest an initial US$7.5mln via a loan to Decklar Petroleum, a subsidiary of Asian Mineral Resources (CVE:ASN), to fund a fast-track redevelopment of the Oza oil field. In return, San Leon receives a 15% interest in the underlying field.
Live Company Group PLC (LON:LVCG) said it has signed a new contract with the John Ball Zoo in Michigan, USA for a BRICKLIVE Supersized tour that will take place from the end of May until September 2021. The deal marks the second agreement between the AIM-listed media group and John Ball, with the firm having previously provided a BRICKLIVE Animal Paradise tour to the zoo in May this year.
Power Metal Resources PLC (LON:POW) said it is mobilising an operating team this week to begin a geophysics programme at its Kisinka copper-cobalt project in the Democratic Republic of the Congo (DRC). The AIM-listed firm said the programme will consist of a 277 line kilometres (KmL) ground magnetics survey on a north-south spacing of 100 metres and an east-west spacing of 1,000 metres, as well as a 12 KmL induced polarization survey on six lines of 2 KmL each and the provision of raw data to Ranacher McKenzie Geoscience for interpretation.
Oriole Resources PLC (LON:ORR) told investors it is extremely encouraged by the latest results from the Bibemi project in Cameroon, which has unearthed the discovery of further gold mineralisation. Oriole said recent mapping and selective rock-chip sampling to the south-west of the main Bakassi area has identified two new prospects, Lawa West and Lawa East. Highlight results included grades of up to 11.68 grams per tonne (g/t) gold and 22.38 g/t silver.
Catenae Innovation PLC (LON:CTEA) said its 50/50 joint venture with BHA-Medical, now renamed Synovate, has received its first orders. One order is from the sport of badminton’s governing body and the other is for use at “Lapland UK”, a Christmas destination event near Ascot in Surrey. Neither order will generate significant revenues but the orders do provide a commercial endorsement for Synovate’s offering, Catenae said.
Greatland Gold PLC (LON:GGP) has appointed Shaun Day as its new chief executive to replace Gervaise Heddle, who is leaving to follow other interests. Day will take over and join the board February 8, 2021, with Heddle to remain a part of the executive team until March 12, 2021, to ensure a smooth transition. An accountant with twenty years of experience in mining and infrastructure Day is currently chief financial officer of AIM and ASX listed Salt Lake Potash.
Block Energy PLC (LON:BLOE), the development and production company focused on Georgia, has announced the appointment of Charles (Chuck) Valceschini as an independent non-executive director of the company with immediate effect. It noted that Valceschini has worked in the oil and gas sector for nearly 40 years. As CEO and General Director of TechNefteGaz Consulting LLC, he currently specialises in the provision of technical and commercial advice to a wide range of upstream oil and gas companies. He was previously engaged in senior technical and leadership roles by a range of international upstream companies, including BP and TNK-BP. During 2000 and 2001, he was CEO of American Energy Group Ltd. Philip Dimmock, Block Energy’s chairman, commented: “I am delighted to welcome Chuck, an experienced company director, to the Board of Block Energy plc. In the shorter term, we look forward to Chuck bringing his vast expertise in the exploitation of onshore naturally fractured reservoirs, particularly in the Former Soviet Union, to bear on the Company’s expanded portfolio of assets in Georgia. In the longer term, we expect that his experience in the strategic development of oil and gas companies will add great value to the future of Block Energy.”
Real Luck Group Ltd (CVE:LUCK), the parent company of Isle of Man-based esports betting firm Luckbox, will commence trading on the TSX Venture Exchange from the opening on Wednesday, December 16, 2020, following the reverse takeover of Elephant Hill Capital Inc. which has changed its name and will be delisted. Under a resolution passed by the capital pool company’s shareholders on November 9, 2020, aside from the name change, the company has consolidated its capital on a one-new-for-4.2-old basis.
Sativa Wellness Ltd (AQSE:SWEL) (CSE:SWEL) said it has been notified by AQSE that it qualifies for the new Apex segment of the AQSE Growth Market. Henry Lees-Buckley, CEO of the Sativa Wellness said “the status of the Apex segment is clearly designed for more established companies that have experienced boards and corporate governance standards. He added: “We welcome this segmentation from the Aquis Stock Exchange, and believe that the Apex segment is better placed to support our growth ambitions”.
Greencoat UK Wind PLC (LON:UKW) said it has completed its investment in the Humber Gateway wind farm project as previously announced on November 23, 2020.
W Resources PLC (LON:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal has recently carried out a review of its outstanding warrants. The review identified approximately 471mln of warrants issued in April and May 2019 which are due to expire at the end of December 2020. After careful review and giving full consideration to both the delays at the La Parrilla tungsten and tin project and the global effects of coronavirus the company has decided to extend the expiry date of these warrants to December 31, 2021. All other aspects of the warrants are unchanged.
Alien Metals Limited (LON:UFO), a minerals exploration and development company, announced that, following the receipt of warrant exercise notices, it has issued 308,028 ordinary shares of no par value in the capital of the company at an issue price of 0.25p per share.
Applied Graphene Materials PLC (LON:AGM), the producer of specialty graphene materials, announced that, at its annual general meeting held on Tuesday, December 15, all resolutions put to shareholders were duly passed.
APQ Global Limited (LON:APQ) has announced that as at the close of business on November 30, 2020, the group’s unaudited book value per ordinary share was 37.48 US cents, equivalent to 28.08p.
Edison Investment Research Limited has issued a note on Ergomed PLC (LON:ERGO) entitled ‘MedSource acquisition to boost US CRO business’. nvestors can click on the following link for the full report: https://www.edisongroup.com/publication/medsource-acquisition-to-boost-us-cro-business/28491
Hardman & Co Research has issued a note on Advanced Oncotherapy PLC (LON:AVO) entitled ‘Leveraging the modularity of LIGHT’. Investors can click on the following link for the full report: https://www.hardmanandco.com/research/corporate-research/advanced-oncotherapy/