Pharma & Biotech
Pharma & Biotech
09:30 Mon 12 Sep 2022
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has announced results from initial drilling at the newly discovered Sambara Prospect and continued drilling at the Makosa gold deposit at its Douta Gold Project in Senegal.
“We are pleased to report a successful initial drilling campaign on the Sambara prospect. Significantly, this has established that gold mineralisation is developed in the northern parts of our exploration permit. We look forward to advancing exploration on this discovery which we hope will supplement the Makosa resource,” Segun Lawson, Thor president & CEO, said in a statement.
Pure Gold Mining Inc (TSX-V:PGM, LSE:PUR, OTC:LRTNF) has reaffirmed third quarter 2022 guidance and announced that gold production in August 2022 set a new monthly record for the PureGold Mine, driven by record ore throughput and improved grades.
The company said both the August ore throughput of 25,188 tonnes or 813 tonnes per day (tpd) and gold production of 4,595 ounces represent monthly records for the mine to date. Ore throughput of 24,052 tonnes in July was also a monthly record until being broken in August, it added.
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) saw its shares rise on Monday after it noted a widely publicised request for a permanent ceasefire by the Tigrayan rebel leadership in Ethiopia.
The gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, said the communique on September 11, 2022, seeks mediation by the African Union and participation in the national reconciliation process already being arranged by the Federal Government of Ethiopia.
NextEnergy Solar Fund has set up JVP2, a £200m battery storage joint venture with Eelpower Limited.
JVP2 is separate from an existing £100m joint venture JVP1, set up by the pair last year, with this time NESF owning 75% and Eelpower holding the remaining 25%.
MP Evans’ put in a strong performance in the first half of 2022 helped by the 43% rise in palm oil prices, said broker Peel Hunt.
Pricing has pulled back over the last few months, alongside numerous changes to the Indonesian tax and export regime, but looks to have now stabilised, which should give a more helpful background going forwards, said the broker.
Quantum Blockchain Technologies PLC (AIM:QBT) has announced the appointment of Peter Fuhrman as a non-executive director with immediate effect, and said trading in the company’s shares will resume today.
The company noted that Fuhrman has extensive experience in high-technology, semiconductors, finance and investment industries. Currently, he is chairman and chief executive of China First Capital which advises on and invests in the technology sector with expertise, inter alia, in China’s semiconductor industry, advanced manufacturing, robotics, precision automation, nano-positioning and photonics.
Spectra Systems Corporation (AIM:SPSY, OTC:SCTQ), a leader in brand-protection technologies and gaming-security software, met its upgraded market guidance in the first half of 2022, according to interim results posted on Monday September 12.
The AIM-quoted company increased its top line by 15% yearly to US$9.3mln with adjusted EBITDA up 8% to US$3.8mln.
BiVictriX Therapeutics PLC (AIM:BVX, OTC:BVTXF) unveiled its unaudited H1 interim results, with £4.5mln of cash and equivalents to help execute its immediate plans over the next year.
The biotechnology company that develops cancer therapies said it focused on delivering value propositions built on “ unrivalled” expertise and knowledge, as well as strengthening its intellectual property with more patent applications.
ANGLE PLC (AIM:AGL, OTCQX:ANPCY) said results using its Parsortix liquid biopsy in a pilot pelvic mass study carried out in conjunction with the Wilmot Cancer Institute have been published in the prestigious Obstetrics & Gynecology (The Green Journal).
Using Parsortix combined with serum protein biomarkers to form a predictive algorithm (MAGIC), malignancy in women with a pelvic mass was detected more effectively than with serum biomarkers alone, ANGLE said.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares rose early on Monday as the company revealed it has secured up to A$340mln (£200mln) in new funding that it expects will fully fund its 30% share of developing the world-class Havieron gold-copper deposit in Western Australia into production, and unveiled three transformational board appointments.
Shares in the AIM-traded development and exploration company jumped over 11% to 9.25p following the announcements.
Franchise Brands PLC (AIM:FRAN) has announced that Andy Brattesani has joined its board as a non-executive director.
The company noted that Brattesani is an experienced banking professional with extensive experience in the franchising sector. From 2016 until recently he was UK Head of Franchise at HSBC, the market leader in the UK franchise sector with an extensive client base including many of the largest franchise brands.
i3 Energy PLC (AIM:I3E, TSX:ITE, OTC:ITEEF) today released what it described as ‘a solid set of results’ for the first half of 2022, reflecting progress in the UK and Canada.
The company generated some £101.6mln of first-half revenue leading to £68.8mln of net operating income and £48.6mln of cash flow from operations.
MP Evans upped its dividend by 25% as soaring palm oil prices sent profits up by 53% in the first six months of 2022.
Production eased slightly during the period but that was more than compensated for by the rise in the price of mill-gate crude palm oil to an average of US$1,305 per tonne from US$724 a year earlier.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) booked a loss of US$8.8mln in the six months to June 2022.
The company had more than US$84mln cash in the bank as it continued to deploy funds towards the construction and development of the Vares project in Bosnia & Herzegovina.
Cobra Resources PLC (LSE:COBR) released results from 32 holes drilled as part of an extensive 91-hole, 4,000m aircore drilling programme at the Wudinna project in South Australia.
The results revealed further extensive clay hosted rare earth elements mineralisation defined across six further target areas, the gold, rare earth and IOCG exploration company said.
Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) has released the results of a bankable feasibility study in the economics of the La India open pit gold project in Nicaragua.
The feasibility study is based around probable mineral reserve of 7.3mln tonnes of ore grading 2.56 grams per tonne for 602,000 ounces. The internal rate of return rings in at 23%.
[email protected] Capital PLC (LSE:SYME), the stock monetising fintech platform, said it has executed its first IM (inventory monetisation) transaction.
The company said the unnamed counterparty is a well-established business with a significant market presence in Italy, Africa and the US, while the client company is involved in the design and manufacture of industrial and specialised vehicles,
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) said it has upgraded its reserves following the completion of the acquisition of Cuda Energy’s assets on July 26, 2022.
Net working interest 1P or proven reserves after royalties increase 47% to 17.3mln barrels equivalent (boe), with discounted net present value 93% higher at US$255mln.
Antipa Minerals Ltd (ASX:AZY)‘s war chest is bulging following a non-underwritten placement to raise roughly A$9 million before costs through the issue of around 333.7 million fully paid ordinary shares at A$0.027 per share.
The placement met with strong demand from international and domestic institutions together with sophisticated and professional investors.
Highfield Resources Ltd (ASX:HFR) is making great progress at the Muga Potash Mine in Spain with the construction work ahead of schedule and progressing in accordance with the planned budget.
Progress by the construction team has been assisted by favourable dry weather conditions as well as good equipment availability.
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