(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Wheaton Precious Metals Corp - precious metals streaming company - Third quarter revenue jumps 37% to USD307.3 million and net earnings almost double to USD149.9 million from USD76.0 million. Declares USD0.12 per share fourth quarter payout, 20% increase. Quarterly gold production down 11% annually to 91,770 ounces, silver down 0.2% to 6,028, palladium down 0.5% to 5,444 ounces and gold equivalent down 6.6% to 171,370 ounces. Company began life on Main Market in late October.
Power Metal Resources PLC - metals exploration and development company - Updates on Red Rock Australasia Pty Ltd joint-venture, as does partner Red Rock Resources PLC. Power Metal has just shy of a 50% stake, Red Rock holds just over 50%. Joint venture notified that it has had seven further license applications accepted. "RRAL will now advertise the seven applications in newspapers with statewide and local circulation, and after a three week exposure period, the Department of Jobs, Precincts & Regions of the State of Victoria will begin the application assessment process," Power Metal adds. Separately, Power Metal explains drilling has begun at Silver Peak silver project, Canada.
Kavango Resources PLC - Botswana-focused exploration firm - Plans to raise GBP2.0 million through issue of 72.7 million shares at 2.75 pence each.
Bluejay Mining PLC - exploration firm with assets in Finland and Greenland - Enters into pact with Rio Tinto PLC at Enonkoski nickel project which could see Rio take 75% stake in asset by completing USD20.0 million worth of expenditure. Bluejay explains it will pay GBP100,000 in shares to Magnus Minerals Ltd to settle historical royalty claims.
Orosur Mining Inc - Toronto-based mineral exploration firm focused on Columbia and Uruguay - Receives USD582,170 from Minera Monte Aguila SAS, a joint-venture between Newmont Corp and Agnico Eagle Mines Ltd as part of Anza project, Colombia earn-in. "The company has commenced field activities at the Anza project. Work programs remain subject to the changing status of the Covid-19 pandemic in the local region, however thus far this has been managed without incident," Orosur says.
Panthera Resources PLC - gold exploration and development company with assets in West Africa and India - Says partner Moydow Holdings Ltd arranges USD1 million equity financing to go towards work programmes in West Africa.
Nostra Terra Oil & Gas Co PLC - AIM-listed company focused on the prolific Permian Basin in West Texas - Says Cypress farm-out well at Pine Mills oil field has now spudded. "We continue to be pleased with the progress made by our partner. The result of this well can have a significant impact for the company in terms of cashflow as well as an increase in reserves, also leading the way to additional development in Pine Mills," Chief Executive Officer Matt Lofgran says.
Union Jack Oil PLC and Egdon Resources PLC - oil and gas producers and partners at North Kelsey, Lincolnshire - Reports "positive progress" at Biscathorpe project on Lincolnshire licence PEDL253. Joint-venture identifies potential drilling targets which can be accessed through a side-track on existing Biscathorpe-2 well. "Egdon, on behalf of the PEDL253 joint venture partners, will be submitting an application for planning permission for the side-track drilling operation, associated testing and in a success case the long-term production of oil at the site," the companies said.
Plexus Holdings PLC - AIM-listed oil and gas engineering services firm - Enters into licence agreement with Cameron International Ltd to supply the POS-GRIP wellhead friction grip product and HG metal-to-metal seal method. Cameron will pay Plexus royalty based on number of wellheads sold in range of 3% and 6% until 2029. "In addition to royalty fees, Cameron shall pay the company a capital licence fee payment of USD500,000 in exchange for the non-exclusive licence rights," Plexus says.
Dekel Agri-Vision PLC - West Africa-focused agriculture company - Says crude palm oil sales volumes improve 40% year-on-year to 1,843 tonnes. Average sales price per tonne up 28% to EUR636. Output up 19% to 1,818 tonnes.
ProPhotonix Ltd - manufacturer of LED illumination systems - Announces launch of COBRA Clean FX1, a UVC LED based lamp providing disinfection. "UVC is a proven method in the disinfection of water, air, and surfaces which has shown to be effective against pathogens such as E. coli, L. innocua, and Covid-19," ProPhotonix says.
Water Intelligence PLC - environmental services and technology company - Begins sales of Orca sewer diagnostic product. Completes reacquisition of American Leak Detection franchisee in Brisbane, Australia.
Equals Group PLC - London-based payments and e-banking firm - Begins B2B relationship with HomeSend, a cross-border payments firm. "Under this agreement, the group will bolster HomeSend activities in the UK, further enabling customers to send money to UK bank accounts in real time and with upfront transparency of all associated fees," Equals says.
Prime People PLC - London-based recruiter - Plans buyback of up to GBP250,000 worth of shares.
Checkit PLC - Cambridge-based workflow management firm - Revenue in nine months ended October 31 improves to GBP9.8 million from GBP6.6 million year-on-year. "The business performed ahead of the board's expectations during Q3," Checkit says. Third-quarter revenue flat annually at GBP3.4 million.
Ethernity Networks Ltd - network processing technology supplier - Secures order from North American "tier 1" aerospace contractor customer to provide ENET Avionic Ethernet Switch firmware and software.
SEEEN PLC - London-based social media technology firm - Says third quarter revenue up 23% annually at USD2.7 million, year-to-date revenue down 9% at USD6.4 million. Third quarter audience views up 77% to 4.9 billion.
Telit Communications PLC - internet of things and machine to machine communications company - Says revenue in nine months to September 30 down 11% annually to USD245 million from USD274.5 million, "remaining resilient compared to H1 despite continued lockdown measure".
Immupharma PLC - pharmaceutical company - Says US Food & Drug Administration offers to accept type A meeting request for optimised international phase 3 trial of Lupuzor in systemic lupus erythematosus, an auto-immune disease. Immupharma says partner Avion Pharmaceuticals submitted full dossier on November 6. In normal circumstances, this "leads to a guidance meeting within 30 days", Immupharma says. "However, FDA timeframes cannot be guaranteed."
ValiRx PLC - clinical-stage biotechnology company - Enters into agreement with Kalos Therapeutics, a US biotechnology firm, to evaluate peptide KTH222 as drug candidate to treat ovarian cancer sufferers. "Under the terms of the agreement, ValiRx has the right to perform a defined series of preclinical, cell-based assays to consider the benefit of using KTH222 in combination with standard of care treatment, Paclitaxel," ValiRx says.
NetScientific PLC - life sciences investor - Portfolio company PDS Biotechnology Corp says VERSATILE-002 phase 2 clinical trial evaluating PDS0101 with Merck & Co's Keytruda for treatment of head and neck cancer is now open.
Dunedin Enterprise Investment Trust PLC - investment company focused on UK mid-market companies - Says tender offer oversubscribed. Says 13.7 million shares validly tendered. Notes that following scale back exercise, 2.5 million shares purchased at roughly GBP9.8 million in total.
Urban Logistics REIT PLC - London-based logistics-focused real estate investment trust - Acquires logistics site in Hertfordshire for GBP34.3 million. "The 12-acre site comprises five units, three of which are let to Muller UK & Ireland Group, a major producer and distributor of dairy products, until 2030 with a rent review in 2025. The passing rent is GBP8.75 per square foot," Urban Logistics says.
By Eric Cunha; firstname.lastname@example.org
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