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Share Price: 5.80
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TRADING UPDATES: Shield closer to Canada approval; Angle plans raise

Thu, 14th Jul 2022 21:44

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Shield Therapeutics PLC - Newcastle, England-based commercial-stage pharmaceutical company - Its Accrufer-Feraccru iron deficiency treatment gets new drug submission approval from Health Canada. "Health Canada are expected to complete their regulatory review in mid-2023 and a successful outcome will allow KYE to market Accrufer in Canada. Shield will be responsible for all manufacturing and supply to the Canadian market," it adds. Company nets GBP250,000 milestone payment for approval and eligible for an additional GBP600,000 in milestone payments upon the achievement of specified calendar net sales targets.

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PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Subsidiary Akili Interactive Labs Inc's Systemic Lupus Erythematosus treatment, AKL-T01, sees significant improvement in motor speed and executive functions in study. The study results were published in the medical journal Lupus, it notes. Akili Chief Medical Officer Anil Jina says: "The results of this study in patients with SLE are consistent with the cognitive improvements seen in other studies after using our digital therapeutic. We are excited to see this continued validation of our technology platform as we advance our pipeline to deliver clinically meaningful cognitive and quality-of-life improvements across patient populations."

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Audioboom Group PLC - London-based podcast producer - Renews partnerships with "key" podcasts including Dark History, Murder Mystery & Makeup and No Such Thing As A Fish. Also plans to expand "creator network" through new commercial agreements with two podcasts, Fair Game with Leah Remini and The Roman Atwood Podcast.

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Angle PLC - Surrey, England-based medical diagnostics company - Proposes placing equal to 10% of existing issued share capital through placing and subscription. Says net proceeds will be used to help its commercialisation plans for its Parsortix system. Number of shares to be placed, and the price, will be determined after the bookbuild closes. Hopes to raise about GBP20 million.

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Greatland Gold PLC - mine developer and explorer in Western Australia - Renegotiates obligations for consideration due under the original 2016 acquisition of the Havieron project. Initial deal sees payment of AUD25,000 cash and issue of 65.5 million shares and further 145.5 million shares conditional upon Greatland's ownership interest in Havieron reducing to 25% on a decision to mine at Havieron. Says Five Diggers, who is receiving the shares, now agrees to take 4.5% reduction in shares, now totalling 139.0 million and equals GBP14.5 million saving, and agrees to 2-year restriction on dealing.

Shaun Day, managing director of Greatland Gold, says: "This is an excellent outcome, simultaneously removing the uncertainty of this long-standing share issue, reducing shareholder dilution by decreasing the number of shares being issued and introduces a two-year restriction on dealing with the shares."

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MGC Pharmaceuticals Ltd - Perth, Australia-based medicinal cannabis company - Sees "successful results" of clinical study into the influence of its ArtemiC Support on patients with post-acute Covid Syndrome, also known as long Covid. "ArtemiC Support, has demonstrated the ability of the supplement to improve the symptoms of long Covid," it says.

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Panther Metals PLC - mineral exploration in Canada - "Delighted" with "stunning" drilling results from Burtville East gold project and Eight Foot Well prospect in Western Australia. Notes result finds 1 metre at 79.90 grammes per tonne gold from 27 metres and 1 metre at 478.00 grammes per tonne from 28 metres, both coming from hole BVE006. Chief Executive Darren Hazelwood says the results reinforce the case for further exploration at Burtville East.

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Premier African Minerals Ltd - British Virgin Islands-based minerals and metals project developer - Sees "impressive" results from Zulu lithium and tantalum project. "The work to date has provided the level of confidence we needed internally to support the pilot plant concept as recently announced. In fact, what we are now understanding about the Zulu deposit is entirely complementary to the use of sensor-based ore sorting and in time is likely to result in a most efficient and effective process," Chief Executive George Roach says.

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Capital Ltd - mining services company - Wholly-owned subsidiary MSALABS expands partnership with Chrysos Corp. Tie in will see MSALABS deploy 21 Chrysos PhotonAssay units across its project by 2025. Notes revenue guidance for MSALABS in 2022 remains about USD30 million. Following the rollout of the further 15 units across 2023 and 2024, in conjunction with the expansion of the existing geochemistry business, MSALABS anticipates generating revenues in excess of USD80 million per annum.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 Apr 2024 12:03

Greatland Gold touts progress at Havieron as total development rises

(Alliance News) - Greatland Gold PLC on Tuesday celebrated "significant" progress in the March quarter, with total development at Havieron exceeding 3,060 metres.

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25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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5 Mar 2024 12:25

Greatland reports decent progress in interim report

(Sharecast News) - Greatland Gold reported progress at its flagship Havieron gold-copper project in an interim report on Thursday, and updates on exploration activities across its Australian portfolio.

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5 Mar 2024 11:52

IN BRIEF: Greatland Gold annual loss narrows but reports higher costs

Greatland Gold PLC - Australia-focused exploration and development company - Says pretax loss narrows to GBP5.5 million in 2023 from GBP13.3 million the year before. However, says its exploration expenses rose 59% to GBP2.7 million GBP1.7 million the year prior. The firm generates no revenue for the year, unchanged from 2023.

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22 Feb 2024 14:33

IN BRIEF: Greatland Gold celebrates updated Havieron gold estimate

Greatland Gold PLC - Australia-focused exploration and development company - Notes the updated annual reserve and resource statement from Newmont Corp for the pair's Havieron gold-copper project. Havieron is Greatland's flagship exploration project, located in Western Australia.

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8 Feb 2024 10:37

Greatland Gold upbeat on recent drilling at Ernest Giles

(Sharecast News) - Greatland Gold announced the conclusion of its Western Australian government co-funded drilling programme at the Meadows gold prospect on Thursday, situated within its wholly-owned Ernest Giles project.

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8 Feb 2024 09:43

Greatland Gold confirms gold mineralisation at Ernest Giles project

(Alliance News) - Greatland Gold PLC on Thursday confirmed gold mineralisation and pathfinder geochemistry at its Meadows prospect in the Ernest Giles project.

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25 Jan 2024 14:11

Greatland Gold says Haveiron project benefiting from Newmont support

(Alliance News) - Greatland Gold PLC on Thursday said development is progressing at its flagship Haveiron gold-copper project in western Australia, with added support from its recent joint venture partner Newmont Corp.

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9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

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21 Dec 2023 14:00

Greatland announces rise in Havieron mineral resource

(Sharecast News) - Greatland Gold announced a significant increase in its mineral resource estimate for the Havieron gold-copper project in Western Australia's Paterson province on Thursday.

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21 Dec 2023 10:58

Greatland Gold reports increased gold content at Haveiron project

(Alliance News) - Greatland Gold PLC on Thursday provided a promising update on mineral resource estimates for its Haveiron gold-copper project.

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13 Dec 2023 12:07

Greatland Gold unveils results of drilling at Scallywag

(Sharecast News) - Greatland Gold announced the results of its 2023 drilling and geophysical exploration programme at its wholly-owned Scallywag tenement in the Paterson Region of Western Australia on Wednesday, next to its flagship Havieron gold-copper project.

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13 Dec 2023 10:38

Greatland Gold finds anomalous gold and copper at Scallywag tenement

(Alliance News) - Greatland Gold PLC on Wednesday said anomalous gold and copper, and key pathfinder metal geochemistry, returned in assays from all four prospects at its Scallywag tenement.

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30 Nov 2023 11:35

Greatland upbeat on Panorama surface sampling results

(Sharecast News) - Greatland Gold revealed the outcomes of its recent surface sampling efforts conducted across its Panorama East, Panorama, and Panorama North tenure on Thursday.

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30 Nov 2023 09:58

Greatland Gold hails confirmation of nickel prospectivity at Panorama

(Alliance News) - Greatland Gold PLC on Thursday confirmed nickel prospectivity at Panorama, following soil sampling at the site.

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