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Pin to quick picksAlien Metals Share News (UFO)

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TRADING UPDATES: Savannah Energy to develop new projects in Chad

Fri, 27th May 2022 21:25

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

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Clontarf Energy PLC - Dublin-headquartered oil & gas exploration and production company focused on South America and Africa - Spuds the Sasanof-1 well with the jetting of the 36 inch conductor at a water depth of 1,068 metres. Drilling is now underway on the 17 and a half inch intermediate hole section to a depth of 2,030 metres, company says. This will be followed by the drilling of the 12 and a quarter inch hole section through the target reservoir section to a total depth of 2,500 metres. Drilling is expected between June 2 and June 5. Clontarf holds a 105 working interest in the well.

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Gresham House Energy Storage Fund PLC - London head-quartered battery storage fund - Raises GBP150 million through the issue of 103.4 million shares. Company says the placing was "significantly" oversubscribed and, as a result, a scaling back exercise has been undertaken. Chair John Leggate says: "Strong investor demand means that we can commit to further development of our pipeline to create even greater scale and diversification."

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Alien Metals Ltd - London-based mineral exploration company focused on Australia, Mexico and Greenland - Begins a phase four reverse circulation drilling programme at its Hancock Iron Ore Project in Western Austrlia. Programme will drill 70 holes over 2,100 metres with the aim of further increasing geological confidence in the existing inferred mineral resource estimate of 10.4 megatonnes at 60.4% of iron. In conjunction, company will carry out more surface mapping and sampling on the remaining 6.5 kilometres of strike length.

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RUA Life Sciences PLC - Glasgow-based medical devices using polymer technology - Says the year ended March 31 has been one of increased sales growth, recovery from Covid-19 and advances in its business processes. Expects revenue for the year to total GBP1.6 million, up 6% against the GBP1.5 million generated last year if achieved. Research & development expenditure is expected to be GBP887,000, up from GBP541,000 the preceding year. Pretax loss is expected at GBP2.4 million, widened from GBP1.6 million a year ago as a result of research & development expenditure and investment into infrastructure. Company expected to release its full-year results in mid-July.

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Oilex Ltd - Perth-based developer of natural gas assets - Reports that an independent review of its net reserve and resource position in the Cambay PSC has resulted in the return of 206 BCF of gas and 8 million barrels of condensate to the 2P reserves category. Oilex's participating interest in the reserves and resources also increases to 100% from 45%.

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Savannah Energy PLC - London-based energy company focused on Africa - Signs an agreement with the Ministry of Petroleum and Energy of the Republic of Chad for the development of up to 500 megawatts of renewable energy projects supplying electricity to the Doba Oil Project and the towns of Moundou and Doba in Southern Chad and the capital N'Djamena. Savannah expects to fund the projects from a combination of its own internally generated cashflows and project specific debt.

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Rurelec PLC - London-based power producer with operations in Latin America - Receives a further USD758,400 payment from Patagonia Energy Ltd for the partial repayment of its amended and restated loan notes. To date, Patagonia Energyhas made repayments of USD5.3 million on the loan Notes, of which Rurelec has received USD4.2 million. The total balance outstanding on the notes is now USD18.6 million. The total amount owed to Rurelec is USD13.4 million. The rest is owed to Basic Energy Ltd.

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Angle PLC - Surrey, England-based medical diagnostics company - Notes new results relating to its Parsortix system which suggest it can successfully isolate circulating tumour cells from frozen peripheral blood mononuclear cell samples. The company explains that the potential ability to process frozen sample could allow for retrospective analyses and improve sample sharing capabilities. The results came as part of a study in advanced non-small cell lung cancer and sarcoma patients.

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Pure Gold Mining Inc - Vancouver-based gold mining company focused on Canada - Closes the first tranche of its non-brokered private placement announced on May 6. Following the closing of the first tranche, the company has issued a total of 185.1 million units in the company at CAD0.15 each - around GBP0.093 - raising proceeds of CAD27.8 million. Proceeds will be used to complete the near-term objectives of ramping up the PureGold mine to 800 tonnes per day by the third quarter of 2022.

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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Notes new data from two ongoing phase two clinical trials evaluating the safety and efficacy of PDS0101, a HPV16-targeted immunotherapy, in combination with Merck & Co Inc's anti-PD-1 therapy Keytruda. Data shows 77% of patients had either disease stabilisation or tumour shrinkage and 89% of patients were alive at nine months. After nine months the overall survival rate was 87% and progression free survival was 55%. Patients were those with recurrent or metastatic head and neck cancer.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
15 Mar 2024 16:31

Alien Metals announces short-term funding for exploration project

(Alliance News) - Alien Metals Ltd on Friday announced a funding package worth up to AUD2.0 million through a convertible loan note.

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15 Mar 2024 13:28

Alien Metals secures AUD 2m short-term funding

(Sharecast News) - Alien Metals announced a short-term funding facility worth up to AUD 2m (£1.03m) via a convertible loan note on Friday.

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:

Read more
8 Feb 2024 14:27

Alien Metals takes wraps off Hancock development study

(Sharecast News) - Alien Metals unveiled promising outcomes of a development study on its Hancock Iron Ore Project in Western Australia's Pilbara region on Thursday.

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27 Dec 2023 09:02

IN BRIEF: Alien Metals prepares new team as CEO Troy Whittaker resigns

Alien Metals Ltd - exploration and development in Australia - Chief Executive Officer Troy Whittaker resigns, with effect from December 31. Alien Metals doesn't provide an explanation for Whittaker's departure. Non-Executive Chair Alwyn Vorster and Executive Director Guy Robertson will provide the "necessary support", as Alien Metals finalises details of the new management team. Expects to make an announcement about the new team, who are expected to start early January, in the coming week.

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14 Dec 2023 12:26

Alien Metals inks mining deal with Nyiyaparli People in Australia

(Alliance News) - Alien Metals Ltd on Thursday said it has struck a deal with the Karlka Nyiyaparli Aboriginal Corp RNTBC to collaborate on the Hancock iron ore project in Pilbara, Western Australia.

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28 Nov 2023 14:34

IN BRIEF: Alien Metals signs accord with Pilbara Ports for iron export

Alien Metals Ltd - Australia-focused minerals exploration and development company, currently developing a near-term, direct shipping, iron ore operation at the Hancock project in Pilbara, Western Australia - Enters memorandum of understanding with Pilbara Ports to access its Utah Bulk handling facility, multi-user berth in Port Hedland, which is a town in Western Australia. Says the agreement is a step towards getting Pilbara Ports to export the iron ore produced by Alien Metals' Hancock project.

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3 Nov 2023 11:56

IN BRIEF: Alien Metals issues 26.3 million shares to consultant

Alien Metals Ltd - Australia-focused minerals exploration and development company, currently developing a near-term, direct shipping, iron ore operation at the Hancock project in Pilbara, Western Australia - Issues 26.3 million shares at a deemed price of GBP0.0019 per share for services rendered to a geological consultant for exploration services on its Pinderi Hills and Mexico projects during 2023, in lieu of a cash payment. Expects that admission will become effective and dealings in the common shares will begin on AIM on November 8.

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10 Oct 2023 16:42

Alien Metals signs heritage agreement for Vivash Gorge

(Sharecast News) - Minerals explorer and developer Alien Metals announced on Tuesday that its subsidiary, the Iron Ore Company of Australia (IOCA), has finalised a Heritage Agreement (HPA) with the PKKP Aboriginal Corporation RNTBC (PKKP AC).

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10 Oct 2023 13:57

Alien Metals inks heritage deal with PKKP AC for Vivash project

(Alliance News) - Alien Metals Ltd on Tuesday said that its subsidiary, Iron Ore Company of Australia Pty Ltd, has signed a heritage agreement with the PKKP Aboriginal Corporation RNTBC for the Vivash Gorge exploration licence.

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4 Oct 2023 11:20

Alien Metals says KNAC withdraws objection to miscellaneous licence

(Alliance News) - Alien Metals Ltd on Wednesday said that the Karlka Nyiyaparli Aboriginal Corp RNTBC has withdrawn its objection to the application for a miscellaneous licence by Iron Ore Co of Australia.

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3 Oct 2023 10:53

Alien Metals hails collaboration on signing of heritage agreements

(Alliance News) - Alien Metals Ltd on Tuesday said that its subsidiary, Iron Ore Co of Australia, has signed heritage agreements with the Karlka Nyiyaparli Aboriginal Corp RNTBC for two exploration licences, as well as one miscellaneous licence.

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3 Oct 2023 10:48

Alien Metals inks heritage agreements over Hancock project

(Sharecast News) - Minerals explorer and developer Alien Metals updated the market on its Hancock iron ore project on Tuesday, announcing the execution of heritage agreements (HPAs) with the Karlka Nyiyaparli Aboriginal Corporation.

Read more
29 Sep 2023 14:39

EARNINGS: R&Q Insurance loss swells, Jade Road still selling assets

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

Read more
27 Sep 2023 15:49

UK shareholder meetings calendar - next 7 days

Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
SysGroup PLCAGM
TPXimpact Holdings PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
Friday 29 September 
600 Group PLCAGM
Andrada Mining LtdAGM
Capital Metals PLCAGM
Enteq Technologies PLCAGM
finnCap Group PLCAGM
Goodwin PLCAGM
GRC International Group PLCAGM
Hellenic Dynamics SAAGM
ITM Power PLCAGM
Kodal Minerals PLCAGM
Merit Group PLCAGM
Naked Wines PLCAGM
Shearwater Group PLCAGM
Victoria PLCAGM
Monday 2 October 
no events scheduled 
Tuesday 3 October 
Equals Group PLCGM re capital reduction approval
Haydale Graphene Industries PLCGM re capital reorganisation
Wednesday 4 October 
Alien Metals LtdAGM
Black Sea Property PLCAGM
TheWorks.co.uk PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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