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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Future Metals NL - Perth-based platinum exploration company - Enters into a farm-in and joint venture deal with Octava Minerals Ltd's on its Panton North and Copernicus North projects in the East Kimberley region, Western Australia. "This joint venture farm-in arrangement significantly increases Future Metals' exploration position in the East Kimberley, thereby providing further scope, to explore what is highly prospective ground for [nickel, copper and platinum group elements] sulphide mineralisation. Panton North and Copernicus North have been subject to only limited, shallow drilling despite compelling geochemical and EM anomalies. There is a significant opportunity to apply modern geophysical techniques, such as those being applied at Future Metals' Panton project, to identify high-quality targets for economic accumulations of Ni-Cu-PGE sulphides at depth," Managing Director Jardee Kininmonth comments.
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Cobra Resources PLC - South Australia-focused gold, rare earth, and iron-oxide-copper-gold explorer - Discovers a strike of intersected gold mineralisation at Clarke prospect of its Wudinna gold project that now exceeds 600 meters and sits outside of the defined 211,000 ounces JORC gold resource. Says that the rare earth elements mineralisation intersected are peripheral to expanded gold strike further supports the company's dual resource strategy. "These intersections demonstrate the growth potential of our unique dual resource at the Clarke prospect, where results suggest a significant gold system, overlain by an expanding rare earth resource. The results of this programme provide an exceptional platform for further exploration success in our upcoming - much larger - drilling programme, which is aimed at expanding both gold and rare earth JORC resources," Chief Executive Rupert Verco comments.
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Gunsynd PLC - London-based investment firm - Disposes of 197,940 shares in its investee Charger Metals NL at a price of AUD0.58 each for AUD115,686 in total, or GBP65,964. Disposes of 1.9 million shares in Pacific Nickel Mines Ltd at a price of AUD0.07 per share for a total of AUD135,702. Sells 465,333 shares in First Tin PLC at a price of GBP0.11 each for GBP50,724 in total.
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United Oil & Gas PLC - London-based oil and gas company with projects in Egypt, Italy and the UK - Signs an asset purchase agreement with Quattro Energy Ltd to sell its UK Central North Sea Licence P2519 for the Maria discovery in Block 15/18e for a maximum consideration of up to GBP5.7 million.
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Kinovo PLC - London-based property services company focused on safety and regulatory compliance, land regeneration and energy efficiency - Says that it was awarded the "highest-ranking" regional contractor status from the National Housing Maintenance Forum Framework. This means that the company is the lead contractor to be selected for new work within certain frameworks in key regions.
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Permanent TSB Group Holdings PLC- Dublin-based personal and small business bank - Appoints Julie O'Neill as chair, following "a comprehensive and competitive selection process." He will succe ed Robert Elliott who will step down in March. Says O'Neill has extensive executive and board experience and held a number of senior government positions, including secretary general of both the Department of Transport and the Department of Marine & Natural Resources.
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Hydrogen Utopia International PLC - London-based developer of mixed plastic waste-to-fuel technology - Signs a memorandum of understanding with Romgos Gwiazdowscy to work together to deploy HUI facilities in Poland and Europe. The companies also agreed to work together to identify potential sites for HUI facilities, to negotiate and obtain appropriate property interests in those sites, to secure the necessary additional grants, loans or equity funding necessary to finance special purpose vehicles, in the planning, permitting, development and construction of HUI facilities.
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Great Western Mining Corp PLC - Nevada-focused gold, silver and copper project developer - Raises GBP800,000 from the placing of 1.00 billion shares at 0.08 pence per share. SP Angel Corporate Finance LLP acted as broker in the placing. Plans to use the net proceeds to accelerate the construction of a mill for the production of gold and silver concentrate, as well as the next phase of exploration and appraisal of gold and silver prospects.
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Ncondezi Energy Ltd - Solar and energy storage project in Mozambique - Says its Non-Executive Director Scott Fletcher bought 7.3 million shares worth GBP56,063 on Friday and Monday. Says that he also converted GBP83,129 of outstanding convertible loans to shares on Monday.
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ValiRx PLC - Hatfield Heath, England-based life sciences company focused on early-stage cancer therapeutics and women's health - Says that its broker offer granted to Turner Pope Investments Ltd received applications for more than GBP500,000. Says that a further 327,273 shares will be issued under the broker offer to the company's nominated adviser Cairn Financial Advisers LLP. The broker offer shares will be issued at a price of 11 pence per share.
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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Notes that a new study published in the journal Antibiotics found that proprietary methylene blue-based photosensitizer, in combination with a specific wavelength of light, effectively eradicated pathogen biofilms commonly associated with periprosthetic joint infections. Adds that the photodisinfection achieved 100% kill of the key pathogens in biofilms associated with PJIs. Periprosthetic joint infections are life-threatening and extremely hard-to-treat, the company says. Says that the annual cost of treating periprosthetic joint infections in the US is USD1.62 billion, with costs projected to rise to USD1.85 billion by 2030 for hip and knee replacements.
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nanosynth group PLC - Nottingham, England-based digital monitoring and safeguarding systems manufacturer formerly known as Remote Monitored Systems - Says it transitioned to a business with "viable commercial opportunities in fast-growing markets" from a university spin-out. Believes that it has a clear direction and a detailed execution plan now. Says it was focused on establishing itself in seven vertical markets with a total value of over GBP3.6 billion and strengthening its intellectual property portfolio. Believes that it is well-placed to deliver necessary products for the future, due to its increased resources and skills within its labs. "2022 was a year of substantial progress and we are excited by the opportunities that have been developed," CEO Mark Duffin says.
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Borders & Southern Petroleum PLC - oil and gas exploration company focused on Falkland Islands - Designs a phased development concept for a large gas condensate discovery, Darwin, located to in the south of the Falkland Islands. Says that the preliminary development would focus on Darwin East. Believes that this new phased development concept with accelerated payback presents an attractive opportunity for industry and will help attract the necessary funding to advance this exciting project.
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By Abby Amoakuh, Alliance News reporter
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