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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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SkinBioTherapeutics PLC - life science company focused on skin health - Subsidiary AxisBiotix Ltd starts enrolment for its food supplement consumer study. The study will start in February and is targeting 200 applicants. "Further to research exploring the relationship between the gut and the skin and the scientific evidence pointing to a link between gut dysfunction, stress-induced alterations to the gut microbiome and skin inflammation, the company has been working with Winclove Probiotics BV for the development of a blend of bacterial strains as a food supplement," company says.
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Alien Metals Ltd - minerals exploration and development company - Notes, since executing the earn-in agreement with Capstone Mining Corp over its Donovan 2 copper-gold project in Mexico, Capstone has completed its initial 2020 obligation of exploration expenditures and will advance to the next phase of the agreement. "Pursuant to the terms of the agreement, Capstone can acquire a 65% interest in Donovan 2 through committed expenditure and cash payments totalling about USD3.9million. Capstone can move to an 80% interest in the project through free-carrying Alien to completion of a prefeasibility study," Alien says. Capstone have indicated that they have planned an initial 2,500 metre drilling program as part of their required USD450,000 expenditure commitment for 2021.
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Power Metal Resources PLC - AIM-listed metal exploration and development company - Notes working capital position at January 12 was about GBP2.7 million including sterling, US dollars, Australian dollars and Canadian dollars and the current value of the company's listed investments. Has no debt. Expects exploration and corporate spending for the period to March 31 is currently estimated at about GBP600,000 and as a result following the completion of the period to March 31 the company expects to still hold a robust working capital position. "Given the extent of our activities I would like shareholders to also know that your company is in a strong financial position and is well funded to complete all its currently planned exploration work, including drilling programmes underway at present," Chief Executive Paul Johnson says.
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Dekel Agri-Vision PLC - West Africa-focused agriculture company - Confirms, following significant advances made in 2020, is preparing for the Round Table for Sustainable Palm Oil certification process, it has now engaged Proforest to undertake the final RSPO pre-audit of the company's 100%-owned palm oil project at Ayenouan. "As part of the pre-audit, Proforest will undertake a review of Dekel's programmes and management systems and assess the processes and procedures put in place by the company to manage environmental and social risks and impacts. The Proforest team will also look to identify opportunities for value addition through the adoption of environmental and social improvements and initiatives. This will allow any final recommendations ahead of the formal RSPO audit process which the company expects to undertake later this year," Dekel adds.
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Induction Healthcare Group PLC - London-based healthcare technology company - Signs contract with the Royal Free London NHS Foundation Trust. Induction Zesty, a provider of patient portals to NHS Hospitals, delivers the My RFL Care patient portal as the first phase of an ambitious roadmap for RFL's digital patient services in the next two years. The My RFL Care portal launched in August 2020 and has had "significant traction" with over 50,000 patients registering and using the service in the first few months, Induction says. It expects 250,000 patients to adopt the service in the first year. Joint Chief Executive James Balmain adds: "Partnering with Royal Free London, one of the largest and most respected hospitals in the UK, is an important milestone for Induction Zesty. In just a few months, tens of thousands of patients have successfully registered and used the platform. We look forward to supporting the Royal Free London in delivering further enhanced functionality for their patient portal over the coming months."
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Sunrise Resources PLC - miner focused on operations in Nevada, US and Western Australia - Says mining of 500 tonne pozzolan sample at CS Pozzolan-Perlite project in Nevada completes on schedule in collaboration with large cement and ready-mix company and delivered to CRMC for processing and use in commercial concrete trials. Mining of additional 200 tonne perlite sample completed and delivered to processing site. Also notes nine claims staked in Walker Lane mineral belt in same area as 1.8 million ounce past producing Denton-Rawhide gold-silver mine at Sundance gold project in Nevada. Finally, completes Aboriginal Heritage survey at Baker's gold project in Western Australia. Executive Chair Patrick Cheetham says: "We have hit the ground running in 2021 with work continuing across our project portfolio. We anticipate a high level of activity now that our CS project is permitted for production and as we continue the exploration of our precious metals projects in Nevada and Australia. The assay results from drilling at our Clayton silver-gold project in Nevada are now keenly awaited."
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Jangada Mines PLC - mineral resource miner focused on Brazil - Says 18% investee ValOre reports encouraging ore sorting potential for Pedra Branca PGE project in northeastern Brazil. Results from the ore sorting program, which used a set of 100 re-assayed and catalogued 5-cm samples of historical NQ drill core from the Esbarro PGE deposit, demonstrated distinct density responses for mineralised rock types, as well as barren granites and gneisses, company says.
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Uru Metals Ltd - exploration and development - Sells Zebediela nickel project in South Africa to Blue Rhino Capital Corp. Uru will receive 41.0 million shares in Blue Rhino, which will represent 80% of the company's issued share capital, and a 2.5% royalty for the project, where an additional 2% can be bought for USD3.0 million.
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By Paul McGowan; paulmcgowan@alliancenews.com
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