(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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Open Orphan PLC - London-based pharmaceutical services - Its clinical laboratories in Queen Mary's Bioenterprise Centre and Plumbers Row wins accreditation by the College of American Pathologists. "The company sought the accreditation as part of its ongoing commitment to maintaining best in class quality systems," it explains.
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Audioboom Group PLC - London-based podcast producer - Expands its podcast network with the launch of three new shows from Audioboom Studios, the company's production arm. "Audioboom's continued investment into content development will further grow the company's intellectual property, deliver increased gross margins to the business, expand audience reach, and develop premium advertising inventory," it says. Launches 'Glittering A Turd' from Kris Hallenga, 'Killers, Cults and Queens' from Cheryl Hole and Nikki Druce, and 'Superpower State of Mind' from Malin Andersson.
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Sopheon PLC - Minnesota, US-based enterprise software provider - Updates management product Accolade. "Using Accolade, Sopheon's long-standing blue-chip customers across a diverse range of industries have experienced superior strategy-to-execution performance, reduced time-to-market, improved efficiency, and greater product success rate," it explains.
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Cloudbreak Discovery PLC - Vancouver, Canada-based natural resource project generator - Draws down GBP180,000 of the GBP10 million equity drawdown agreement with Crescita Capital LLC, which was originally entered into in February 2021. Shares issued at 1.5 pence each, seeing 12 million new shares issued. "The capital drawn down will be used to advance the company's acquisitions of energy royalties, lithium assets and bauxite projects globally," it explains.
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Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Wholly owned Australian subsidiary Power Metal Resources Australia sees confirmation of grant of exploration licence application 2021-000163, covering 999 square kilometres of ground in the Anna Creek area of South Australia. Exploration licence will last for 6 years, ending August 2028, and subject to minimum spend of AUD100,000, about GBP59,000. Chief Executive Paul Johnson says: "There is more work to do, clearly, and we are early stage here, however all projects of substance start early stage and the Wilan Project is off to a great start."
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Kropz PLC - African phosphate developer - Draws down ZAR47 million from recent bridge loan facility of ZAR121.5 million with major shareholder, the ARC Fund, to meet immediate cash requirements due to further delays in the ramp up of operations at Kropz Elandsfontein Ltd. "Progress continues to be made, however, in the ramp up," it adds. "Kropz and ARC Fund are currently working on a comprehensive funding structure to finance any further funding requirements in Kropz."
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Hummingbird Resources PLC - gold production, development and exploration focused on West Africa - Says development and construction of its second gold mine, Kouroussa, is now over 50% completed and remains on time and budget to achieve first gold pour by the end of the second quarter of 2023, which will more than double Hummingbird's gold production profile. Notes final assay results confirmed, with results showing 9.0 metres at 32.60 grammes per tonne gold from 116 metres.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Cloudbreak (CDL)
Power Metal (POW)
Audioboom Grp. (BOOM)
Kropz Plc (KRPZ)
Hummingbird (HUM)