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Proactive news snapshot: Sirius Minerals, Clinigen,, Erris Resources, Midatech Pharma...

Published: 01:00 28 Sep 2018 AEST

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Sirius Minerals PLC (LON:SXX) is burning through over £800,000 a day as it develops the giant Woodsmith potash mine in North Yorkshire with the cash spent on the project in the six months to June 30 totalling £148mln.

It has been a busy day for Clinigen Group PLC (LON:CLIN) which has unveiled plans to raise £80mln from investors to fund two new acquisitions as well as posting its full-year results. 

Erris Resources plc (LON:ERIS) shares shot up in early trading Thursday as it hailed a strong cash position and high grade zinc interceptions in its results for the first half. 

Midatech Pharma Plc (LON:MTPH) will ask shareholders to approve the sale of its US supportive care business as it looks to become a pure-play research and development company.

App monitoring platform operator appScatter Group PLC (LON:APP) is already winning new customers as a result of the acquisition of Priori Data earlier this year. 

Ahead of its interim results statement due in November, AdEPT Telecom plc (LON:ADT) has announced a proposed 15.3% increase to its interim dividend.

Circassia Pharmaceuticals PLC (LON:CIR) saw its losses narrow significantly in the first half of the year thanks to its collaboration with AstraZeneca PLC (LON:AZN). 

Half-year turnover for Ormonde Mining plc (LON:ORM) was unchanged at €375,000 while the loss for the period widened to €73,000 from €12,000 the year before. 

Maistro PLC (LON:MAIS) has reported a narrowed loss for the first half of the year as revenues surged over 200%. 

Flying Brands Ltd’s (LON:FBDU) sUBSidiary Imaging Biometrics has secured an agreement with the University of Alabama (UAB) to develop a diagnostic tool that will help predict liver cirrhosis. 

Concepta PLC (LON:CPT) is to focus more of its resources on the UK, where it expects to launch its myLotus fertility product within the next few months. 

Sativa Investments PLC (AQSE:SATI), the UK’s first medicinal cannabis investment vehicle,  said it has “progressed significantly” since it began trading on the NEX Exchange earlier this year. 

Healthcare services company WideCells Group PLC (LON:WDC) said it has secured a £2.7bn financing agreement as it unveiled a strategy to turnaround the business after disappointing first half results. 

UK property investment firm Custodian REIT (LON:CREI) has added to its portfolio with the acquisition of an office building in Sheffield for £3.56mln. BP June

Kromek (LON:KMK) has been awarded US$1.8mln in funding from the US Department of Defense to help develop a next-generation radionuclide identification device for detecting radioactive sUBStances. 

Rosslyn Data Technologies PLC (LON:RDT) said it continues to trade in line with expectations with reported revenue for the year of £6.4mln and adjusted loss before tax of £2.0mln. 

Eco Atlantic Oil & Gas Ltd (LON:ECO, TSE:EOG) told investors that it now has a final Environmental Clearance Certificate for the proposed exploration well on the Cooper block, offshore Namibia. 

Kavango Resources Plc (LON:KAV) swung to a wider first half loss due to the cost of kicking off a new wave of exploration started in Botswana. 

KR1 Plc (NEXL:KR1) said the falling value of Bitcoin and Ether led it to swing to a wider first half losses but remained confident on its prospects. 

Mining junior Metal Tiger PLC (LON:MTR) reported a mixed half year with good progress at its Botswana joint venture offset by a drop in the value of its investment portfolio. 

Bluejay Mining PLC (LON:JAY)  expects to publish the pre-feasibility study for its Dundas ilmenite project in Greenland in the first quarter of next year. 

Itaconix Plc (LON:ITX) reported a flat first-half operating loss but said that sales during the period had jumped a fifth compared to the second half of last year. 

Rockfire Resources Plc (LON:ROCK) made progress at all three of its prospects - Copperhead. Lighthouse and Marengo - in Australia over the past six months. 

Wolf Minerals Limited (LON:WLFE) said it was still working on securing long-term financing and had made good progress on its production reliability in recent months. 

Frontier IP Group Plc (LON:FIPP), which specialises in commercialising university intellectual property, has appointed Allenby Capital Limited as the company's nominated adviser and sole broker, with immediate effect.

Columbus Energy Resources PLC (LON:CERP) has told investors that over the remainder of 2018 it will continue to evaluate its operational results and follow its growth strategy. 

Cadogan Petroleum PLC (LON:CAD) told investors have drilling operations have begun for the shallow Vovche-2 well on Bitlyanska licence. 

Bushveld Minerals Limited (LON:BMN) has completed the sale of a 1% equity interest in South African vanadium producer Vametco to meet the nation's Black Economic Empowerment (BEE) requirements.

Base Resources Limited (LON:BSE) said UBS Group has notified the company that it now owns a 5.37% stake in the company following the acquisition of 12,722,025 shares in the four months to September 25. 

Bango plc (LON:BGO) chief financial officer Rachel Elias-Jones is stepping down on November 12 to take up a new position, the mobile commerce company announced.

Scotgold Resources PLC (LON:SGZ) booked a pre-tax loss of US$1.9mln in the year to June 2018 as it continued to push towards production at its Cononish gold mine in the Grampians.

Greatland Gold plc (LON:GGP) has extended the zones of gold mineralisation at the Meadows area of its 100%-owned Ernest Giles project in Western Australia, following a recent drilling campaign.

ReNeuron Group Plc (LON:RENE) boss Olav Hellebø has bought £10,000 worth of shares in the cell-based therapeutics specialist. Chief financial officer Michael Hunt snapped up £5,000 worth of the stock.

BB Healthcare Trust PLC (LON:BBH) has brought in another £11.4mln after issuing 7.78mln shares at 146p apiece.

Challenger Acquisitions Limited (LON:CHAL) said it still believes that the developers of the New York Wheel are motivated to complete the project and that it is waiting for funding arrangements and a new contractor for the project to be finalised.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

7 hours, 8 minutes ago