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Pin to quick picksMetalnrg Plc Share News (MNRG)

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TRADING UPDATES: Novacyt expands VersaLab with rapid Covid tests

Wed, 17th Mar 2021 14:44

(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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Novacyt SA - Anglo-French biotechnology group focused on clinical diagnostics - Announces the expansion of its VersaLab service with the launch of mobile processing laboratories to provide rapid turnaround PCR testing for Covid-19 on-site. "Throughout the Covid-19 pandemic, Novacyt has focused on innovation to ensure we adapt in line with a rapidly evolving market. The roll-out of our VersaLab MPL units is an exciting development for Novacyt, as we continue to bring PCR technology outside of the central laboratory and closer to patients," says Chief Executive Graham Mullis.

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Oxford BioDynamics PLC - biotechnology firm focused on discovery and development of epigenetic biomarkers - Publishes results of biomarker discovery program for the development of EpiSwitch, a severity test for Covid-19. Says results show strong biological links to well-established and new regulatory pathways specific to severe outcomes in Covid-19 patients."EpiSwitch is a liquid biopsy technology that has consistently shown the strong and robust link between 3D genomic readouts and clinical outcomes. Our plans to launch the EpiSwitch Covid-19 Severity Test based on this groundbreaking biomarker discovery work by the end of Q1 2021, are on track." says Chief Executive Jon Burrows.

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Zenith Energy Ltd - oil & gas company with production, exploration and development assets in Africa and Italy - Says wholly owned subsidiary Zenith Energy Netherlands BV inks an extension agreement for aqcuisition of the Sidi El Kilani oilfield in Tunisia from CNPC International Tunisia Ltd, a subsidiary of NPC International Ltd. The acquisition includes the North Kairouan permit and the Sidi El Kilani concession in Tunisia. Says the completion of the acquisition still remains conditional on local authority approval.

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Capital Metals PLC - natural resources company focused on the development of the Eastern Minerals project in Sri Lanka - Says there is potential to increase resources at mineral sands project in Sri Lanka. Says only 10% of permits drilled but already enough resources to establish a mine. "A key benefit of mining high grade mineral sands is the potential for greatly improved economics as capital intensity is generally low. The mine size (and capex) is lower as you need to mine and process less material to produce the same amount of product," says the company.

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Thor Mining PLC - Australia-focused exploration and development company - Starts trading on he OTCQB market in the US, under the ticker "THORF". The OTCQB venture market is for early-stage and developing US and international companies. "We are delighted to be able to commence trading on the OTCQB platform, and to improve access for US institutional and retail investors to invest in the company and share in the growth of Thor Mining," says Chair Mick Billing.

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Iomart Group PLC - Glasgow-based operator of data centres - Expands network capacity "to meet future demand" with GBP2 million investment in core routing technology from Cisco Systems Inc, which will provide 100 gigabyte capacity on its network with the ability to scale to 400GB. Says the investment follows a "noticeable increase generally" in internet traffic due to Covid-19

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Jadestone Energy Inc - Asia Pacific-focused oil & gas company - Says company reorganisation, first announced in early February, is expected to reduce regulatory compliance burdens, resulting in estimated annual cost savings of between USD500,000 and USD1.0 million. Believes its reorganisation will "raise the company's profile and status amongst UK and European investors who are unable to invest in non-UK domiciled companies".

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Vast Resources PLC - mining company - Says the full executive management team are on site at the Baita Plai Polymetallic Mine in Romania to accelerate and facilitate the various aspects and workstreams involved in the development of the revised mine plan.

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Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Notes that it is to be included in the MVIS Global Junior Gold Miners index. The GDXJ Index forms the basis of various passive gold sector investment funds in the North American market. "I am delighted with our imminent inclusion in the GDXJ Index. The listing of our shares on the NYSE American has increased our liquidity significantly and our inclusion on the Index should further raise our profile among retail and institutional investors," says Chief Executive Steve Curtis.

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MetalNRG PLC - natural resource investing and exploration company - Raises GBP2.3 million, before expenses, via placing of 385.0 million shares at GBP0.006 per share. Says the shares will have warrants attached on a one for one basis with an exercise price of GBP0.01 and an exercise period of 24 months from date of issue.

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Intuitive Investments Group PLC - closed-end investment company focused on life sciences sector - Announces investment of GBP250,000 to acquire 416,666 shares of medical drug-device company Polarean Imaging PLC.

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BlueRock Diamonds PLC - South African-focused diamond miner - Notes recovery of three large gem quality stones in Kimberly, South Africa. Says the stones are 10.6 carats, 9.8 carats and 8.4 carats.

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Goldstone Resources Ltd - resource development company with projects in West Africa - Agrees to extend the initial term for 20 of the unsecured bonds of USD50,000 each in issue to June 15. Says the remaining six bonds have been redeemed in full through cash settlement. Paracale Gold Ltd and BCM Investments Ltd, which each own six bonds, have agreed to the extension.

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Red Rock Resources PLC - gold explorer in Kenya and Australia, copper-cobalt in DRC - Notes delay to May in the expected IPO of Juno Minerals Ltd, an iron ore spin-out of investee Jupiter Mines Ltd. Notes formal license grants, for Red Rock Australasia Pty Ltd joint venture with Power Metal Resources PLC, for a 60 square kilometre area called Blue Stocking and a 4 sq km area called Sardinia in the Victoria Goldfields in Australia. Both licences are for five years.

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Power Metal Resources PLC - exploration and development with interests in Botswana and Australia - Announces received formal license grants for a further two of its license applications for its 49%-owned joint venture with Red Rock Resources PLC, called Red Rock Australasia Pty Ltd, which is focused on gold. Says it has received formal license grants for a 60 square kilometre area called Blue Stocking and a 4 sq km area called Sardinia in the Victoria Goldfields in Australia. Both licences are for five years. Also notes "encouraging" initial airborne electromagnetic surveys recently flownover the South Ghanzi project in the Kalahari Copper Belt, Botswana. The South Ghanzi project is a joint venture with Kavango Resources PLC.

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Kavango Resources PLC - exploration company focused on Botswana - Sees "encouraging" initial airborne electromagnetic surveys recently flown over the company's interests in the Kalahari copper belt. These interests include the South Ghanzi project, a joint venture with Power Metal Resources PLC-, and the LVR project, a joint venture with LVR GeoExplorers Pty Ltd. "We are confident in the results we've seen so far across our various interests in the KCB. Although we are at an early stage of exploration, it is pleasing to see different early data sets correlate to one another. Over the coming months our priority remains to identify targets for drilling campaigns in the KCB later this year," says Kavango Chief Executive Michael Foster.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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28 Sep 2022 16:09

MetalNRG shares surge on favourable ruling at English High Court

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8 Aug 2022 14:29

IN BRIEF: MetalNRG shares down as legal proceedings in UK continue

MetalNRG PLC - London-based investor in natural resources and energy - Says it is continuing civil legal proceedings in the English High Court against Brit Energy Holdings LLP, Pierpoalo Rocco and BritNRG Ltd for a declaration and the recovery of monies paid to the LLP in 2021, for a total of GBP1.0 million plus interests and costs.

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TRADING UPDATES: Aquila closes acquisition; Mila's "impressive" assays

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20 Jun 2022 18:11

IN BRIEF: MetalNRG shareholders show unhappiness over director pay

MetalNRG PLC - London-based investor in natural resources and energy - Says resolutions 6 and 7 at annual general meeting on Monday were not passed, covering directors remuneration policy and directors remuneration report.

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13 Jun 2022 16:00

UK shareholder meetings calendar - next 7 days

Tuesday 14 June 
Andrews Sykes Group PLCAGM
Coro Energy PLCAGM
DCD Media PLCGM re de-listing from AIM
Everyman Media Group PLCAGM
Fair Oaks Income LtdAGM
Genflow Biosciences PLCAGM
IP Group PLCAGM
LoopUp Group PLCAGM
Pod Point Group Holdings PLCAGM
SDX Energy PLCAGM
Somero Enterprises IncAGM
St Mark Homes PLCAGM
Wednesday 15 June 
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888 Holdings PLCAGM
Christie Group PLCAGM
Deltic Energy PLCAGM
Distribution Finance Capital Holdings PLCAGM
Ferrexpo PLCAGM
Foresight Solar Fund LtdAGM
Foxtons Group PLCAGM
IGas Energy PLCAGM
NAHL Group PLCAGM
NB Global Monthly Income Fund LtdAGM
Phoenix Spree Deutschland LtdAGM
Science in Sport PLCAGM
SourceBio International PLCAGM
Standard Life Investments Property Income Trust PLCAGM
Tortilla Mexican Grill PLCAGM
WANdisco PLCAGM
Whitbread PLCAGM
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Thursday 16 June 
AEX Gold IncGM re name change to Amaroq Minerals Ltd
AEX Gold IncAGM
Anexo Group PLCAGM
Anpario PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Bisichi PLCAGM
Engage XR Holdings PLCAGM
EPE Special Opportunities LtdAGM
Evraz PLCAGM
Informa PLCAGM
Kape Technologies PLCAGM
Martin Currie Global Portfolio Trust PLCAGM
Ruffer Investment Co LtdEGM re authority to issue shares
S4 Capital PLCAGM
TBC Bank Group PLCAGM
UK Commercial Property REIT LtdAGM
Friday 17 June 
Blackstone Loan Financing LtdAGM
boohoo Group PLCAGM
Directa Plus PLCAGM
Tesco PLCAGM
EnQuest PLCAGM
Octopus Renewables Infrastructure Trust PLCAGM
Monday 20 June 
Armadale Capital PLCAGM
Bank of Georgia Group PLCAGM
Globalworth Real Estate Investments LtdAGM
MetalNRG PLCAGM
Midatech Pharma PLCAGM
Silver Bullet Data Services Group PLCGM re fundraise
Venture Life Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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8 Jun 2022 21:23

TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

(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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8 Jun 2022 11:05

SMALL-CAP WINNERS & LOSERS: Nanoco rises on "oversubscribed" fundraise

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18 May 2022 20:31

IN BRIEF: MetalNRG hails Gold Ridge geochemical sampling findings

MetalNRG PLC - London-based investor in natural resources and energy - Says results from geochemical sampling at Gold Ridge gold mine in Arizona "very encouraging". "Soil Geochemistry has provided evidence for multiple geologic events including the offset of Apache Pass Shear Zone at eastern termination of historic mining," MetalNRG says. "This offset implies that historically mined gold mineralization is transposed northwards where no exploration drilling has occurred." Sampling supports idea of "larger mineralization system".

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29 Apr 2022 14:11

IN BRIEF: MetalNRG more than doubles annual loss in 2021

MetalNRG PLC - London-based investor in natural resources and energy - Widens annual loss in 2021. Annual loss more than doubles to GBP1.9 million from GBP810,133 in 2020. The company continues to be affected by the Covid pandemic, it says. "The group may continue to be affected by disruptions to its operations, in light of government responses to the spread of Covid-19 or other potential pandemics," it adds. Basic loss per share remains at 22 pence in 2021, unchanged from 2020.

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9 Mar 2022 20:24

IN BRIEF: MetalNRG to source debt for waste to energy projects

MetalNRG PLC - London-based investor in natural resources and energy - Agrees remit for AdviCorp PLC to source a GBP20 million to GBP40 million debt facility to be invested on a project-by-project basis in identified, qualified and "shovel ready" waste to energy projects in Europe. The first project is already under construction in Italy. The intent of projects is to deliver revenue within 6 to 18 months of funding. Projects are bracketed either as Tier 1 or that should be revenue-generating by the end of 2022 and require an investment of between GBP2 million to GBP10 million.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

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

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