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Share Price: 5.30
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Change: 0.545 (11.46%)
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TRADING UPDATES: Alba Mineral in Thule asset boost; Nuformix US patent

Mon, 07th Jun 2021 17:59

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

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Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Reports "significant" exploration target at Thule Black Sands ilmenite project in Greenland. Says independent exploration target of 70.0 million to 300.0 million tonnes of ilmenite at grade of 6% to 11%. "This would represent, at the lower end of the range, an almost three times increase in the current figures for contained ilmenite," Alba adds.

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Nuformix PLC - Cambridge, England-based pharmaceutical firm focused fibrosis and oncology - Gets notice of allowance in US for patent application numbered 17/051,592. The title of patent is "crystalline tranilast salts and their pharmaceutical use". CEP Anne Brindley says: "I am very pleased that we have received this Notice of Allowance from the US Patent Office meaning that this patent will proceed to be issued. This is an important endorsement of Nuformix's discoveries and also strengthens the patent estate for our lead asset NXP002."

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Destiny Pharma PLC - Brighton, England-based biotechnology firm - Notes discussions at G7 summit on global threat of antimicrobial resistance. "Destiny Pharma has been focused for many years on developing novel medicines from its XF platform that specifically address the AMR threat through the XF platform's unique mechanism of action which can provide safe, effective and fast acting treatments that do not generate resitance," Destiny says.

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Arecor Therapeutics PLC - Saffron Walden, England-based biopharmaceutical firm - Signs formulation study with Par Sterile Products LLC. Arecor will use proprietary formulation technology platform Arestat to help develop single dose formulation of an existing Par product.

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Omega Diagnostics Group PLC - sells wide range of specialist products, primarily in the immunoassay, in-vitro diagnostics market - Updates on UK government Covid-19 test manufacturing contract. Says waiting for UK confirmation on what test it will manufacture. "Omega is not in control of this process and this is taking longer than originally expected but the company will provide a further update once a test is confirmed. The ability to supply tests that are produced within the UK remains a key priority for the [Department of Health & Social Care] and to that end the DHSC have facilitated initial commercial discussions between Omega and potential partner companies with lateral flow antigen tests to potentially provide UK manufacturing services," Omega adds.

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Landore Resources Ltd - Canada-focused minerals explorer - Says drilling in areas below and east of Bam gold project, Canada reported "wide zones of ore grade gold mineralisation". Chief Executive Bill Humphries says: "These encouraging results from relatively shallow intersections in the hanging wall of the extended east pit, together with the recently reported high grade drill intersections in the footwall, give promising indications of a substantial increase in the resource of the BAM gold deposit."

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Alien Metals Ltd - iron ore and silver projects in Australia and Mexico - Receives results from maiden drilling programme at Hancock iron ore project, Australia. Results confirm four "high grade direct shipping ore mineralisation prospects", Alien adds.

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Adriatic Metals PLC - developing Vares silver project in Bosnia & Herzegovina - Secures exploration permit of concessions granted last year at Vares. Allows drilling and channel sampling to commence, Adriatic adds.

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Ferro-Alloy Resources Ltd - developer of Balasausqandiq vanadium deposit in Kazakhstan - Initial investment from Vision Blue Resources completed. "The company has now received the further investment of USD1.6 million in addition to the investment of USD1.5 million already made, bringing the total invested by Vision Blue and its coinvestors to date to USD3.1 million," company says.

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AEX Gold Inc - Greenland-focused gold miner - Says team of geologists and drilling engineers arrive at Nalunaq project, Greenland. Team is there to "to further develop the company's understanding of the area to the south west of the deposit," AEX adds.

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Panther Metals PLC - company focused on mineral exploration in Canada and Australia - Applies to acquire two tenements, E39/2249 and E39/2250, as part of expansion programme at Red Flag nickel and cobalt asset.

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Challenger Energy Group PLC - Caribbean and Atlantic margin focused oil & gas company - Granted three month extension to report results for year ended December 31, 2020. Expects to publish results by September 30.

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Accsys Technologies PLC - wood building products manufacturer - Receives notice from Engie Fabricom UK Ltd to terminate engineering, procurement and construction agreement at Tricoya plant in Hull. Accsys says termination notice down to "force majeure arising out of the Covid-19 pandemic and stating that they plan to demobilise over the next two weeks". Accsys adds: "The purported termination may now result in Tricoya UK taking over earlier than previously anticipated the completion of the final stages of construction and subsequent commissioning. This may be with or without assistance of a new lead contractor given the advanced status of the project."

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Windar Photonics PLC - London-based developer of wind sensors for electricity generating wind turbines - In four year development project focused on drone based emission detection system. "The development project, which brings together five private companies and the Technical University of Denmark, has a total budget of EUR2.2 million and is backed by a public grant of EUR1.7 million from the Innovation Fund Denmark, under its Grand Solutions programme," Windar adds.

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Tungsten Corp PLC - digital financial management products and software solutions provider - Picked by "global human resources software leader" to support its e-invoicing plans in Europe and US. "The customer's 16 European entities will use Tungsten's Total AR solution to streamline and digitise its accounts receivable processes. In the US, the solution will allow the customer to send invoices to its customers via the Tungsten Network, eliminating manual invoice entry systems," Tungsten adds.

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Blue Star Capital PLC - esports, payments and technology focused investor - Investee SatoshiPay receives research and development grant from Stellar Development Foundation. "In its blog, SatoshiPay advises that the Stellar Foundation grant will be used to kickstart the development of the Pendulum network project and develop a proof-of-concept implementation of Pendulum," Blue Star says.

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Seeing Machines Ltd - Canberra-based driver-monitoring technology company - Notes US 21st Century Smart Cars Act. "These developments in the US are completely aligned to Seeing Machines' view that [mandatory driver monitoring system] is fundamental to the automotive transport sector and that the fitment rate will accelerate substantially over the coming years, globally. Seeing Machines is currently working with all major US automotive manufacturers to deliver its industry-leading technology, with some of these vehicles already in production and on sale to consumers today, fitted with camera-based DMS," company says.

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UniVision Engineering Ltd - Hong Kong-based supply, design, installation and maintenance of closed circuit television and surveillance systems - Deal for Chair Stephen Koo to sell 201.0 million shares, 52.4% stake, in UniVision to SinoCloud Group Ltd will not proceed. "The proposed transaction had been subject to a number of pre-conditions. The parties have held various discussions since the signing of the MOU, but these discussions did not produce a definitive agreement within the three-month exclusivity period contained in the MOU," company adds.

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Centaur Media PLC - business information, events and marketing provider - Says Jane Wilkinson to succeed Andy Baker as managing director of The Lawyer, Centaur's unit which provides business intelligence to UK legal market. Baker steps down on July 31, Wilkinson takes up role on August 2. "In her role as managing director, Jane Wilkinson will bring deep expertise in subscription revenue modelling and leading businesses in times of digital and data transformation. She will be responsible for developing The Lawyer's customer-centric approach and building on its recent transition into a multi-channel digital platform as part of Centaur's MAP23 strategy," company adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
Today 12:56

Shares in Seeing Machines up as production jumps 51% in third quarter

(Alliance News) - Shares in Seeing Machines Ltd motored on Tuesday after it reported a 51% increase in third quarter production and said it was on track to hit full-year targets.

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Today 12:10

Seeing Machines reports strong third quarter

(Sharecast News) - Shares in driver monitoring technology company Seeing Machines were rising on Tuesday, after it reported a strong set of performance indicators for its third quarter.

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TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

(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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1 May 2024 13:27

Seeing Machines secures extension with North American customer

(Sharecast News) - Driver monitoring technology company Seeing Machines announced a significant extension to its generational programme with an existing North American tier-one customer and original equipment manufacturer (OEM) on Wednesday.

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18 Mar 2024 14:32

IN BRIEF: Seeing Machines loss widens on higher costs but optimistic

Seeing Machines Ltd - Canberra, Australia-based artificial intelligence driver monitoring specialist - Pretax loss widens to USD19.8 million in the six months to December 31 from USD4.5 million a year prior. Revenue edges up 5.5% to USD25.7 million from USD24.4 million. Cost of sales however increases 70% to USD15.2 million from USD8.9 million. Expenses increase 31% to USD27.9 million from USD21.3 million. Looking ahead, Seeing Machines says it is well placed to deliver continued progress in the year ahead with a typical weighting to the second half. Chief Executive Officer Paul McGlone cites "balance sheet strength and proven technology supported by regulatory changes." The company anticipates that its financial performance for financial year 2024 will be in line with consensus. Says consensus is revenue of USD66.3 million, up 15% from USD57.8 million in financial 2023, cash loss before interest, tax, depreciation and amortisation of USD28.4 million, and a cash position of USD26.1 million, 28% lower compared to net cash of USD36.1 million at June 30, 2023.

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11 Mar 2024 15:41

UK earnings, trading statements calendar - next 7 days

Tuesday 12 March 
BATM Advanced Communications LtdFull Year Results
Costain Group PLCFull Year Results
Domino's Pizza Group PLCFull Year Results
Fonix Mobile PLCHalf Year Results
Foresight Solar Fund LtdFull Year Results
Genuit PLCFull Year Results
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MaxCyte IncFull Year Results
Persimmon PLCFull Year Results
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Wednesday 13 March 
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Balfour Beatty PLCFull Year Results
Centaur Media PLCFull Year Results
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Ferrexpo PLCFull Year Results
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Nexteq PLCFull Year Results
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Public Policy Holding Co IncFull Year Results
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Supermarket Income REIT PLCHalf Year Results
Trainline PLCTrading Statement
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Bridgepoint Group PLCFull Year Results
Burford Capital LtdFull Year Results
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Deliveroo PLCFull Year Results
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Halma PLCTrading Statement
Helios Towers PLCFull Year Results
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Moonpig Group PLCTrading Statement
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Restore PLCFull Year Results
Trainline PLCTrading Statement
Savills PLCFull Year Results
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Berkeley Group Holdings PLCTrading Statement
Volution Group PLCHalf Year Results
Monday 18 March 
Marshalls PLCFull Year Results
Seeing Machines LtdHalf Year Results
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SigmaRoc PLCFull Year Results
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 Feb 2024 20:13

TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal

(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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8 Feb 2024 11:55

Seeing Machines underlying revenue rises 28pc

(Sharecast News) - Driver monitoring technology company Seeing Machines reported an underlying revenue growth rate of 28% for the first half on Thursday, amounting to $25.6m, excluding one-off Magna exclusivity payments.

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10 Jan 2024 14:19

Seeing Machines to supply Guardian Generation 3 in UK and Europe

(Alliance News) - Seeing Machines Ltd on Wednesday said it has won an order to supply its Guardian Generation 3 technology to unnamed UK and European bus manufacturers following its launch on Tuesday.

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10 Jan 2024 12:34

Seeing Machines inks contracts with three vehicle manufacturers

(Sharecast News) - Driver monitoring technology specialist Seeing Machines has secured contracts with three prominent commercial and bus manufacturers in Europe and the UK, it announced on Wednesday.

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9 Jan 2024 12:46

Seeing Machines takes wraps off next-gen driver monitoring system

(Sharecast News) - Driver monitoring technology specialist Seeing Machines unveiled Guardian Generation 3, the newest iteration of its aftermarket driver monitoring system (DMS), on Tuesday.

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9 Jan 2024 11:25

Seeing Machines launches latest EU-compliant driver monitoring system

(Alliance News) - Seeing Machines Ltd on Tuesday unveiled its latest AI-powered driver monitoring system, in line with new regulations on vehicle safety.

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20 Dec 2023 13:06

IN BRIEF: Seeing Machines to deliver USD30 million automotive program

Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Wins automotive program award with an existing European Tier-1 customer for a new European original equipment manufacturer. Says the program will be delivered via the company's FOVIO e-DME software library. It is scheduled to start production in 2026, carrying an initial lifetime value of USD30 million.

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20 Dec 2023 07:36

Seeing Machines secures 17th automotive program award

(Sharecast News) - Monitoring systems technology developer Seeing Machines has secured its 17th automotive program award with an existing European Tier-1 customer.

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TRADING UPDATES: Tekcapital says Lucyd upgrades eyewear with ChatGPT

(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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