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Proactive news snapshot: Jubilee Metals, ANGLE, AdEPT Telecom …

A glance at some of the day's highlights from the Proactive Investors newswire

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Jubilee Metals Group PLC (LON:JLP) and its partner BMR Group PLC (LON:BMR) have had their licence at the Kabwe project in Zambia restored, paving the way for development work to start. Conditions attached to the licence reinstatement are that construction of the processing plant starts within 3 months, it is commissioned by 30 September and first production is achieved by end 2018.

ANGLE PLC (LON:AGL) said the first patient has been enrolled in a clinical trial to support Federal Drug Administration (FDA) clearance of its Parsortix system. The AIM-listed biopsy company said the patient had been enrolled in its ANG-002 clinical study for metastatic breast cancer, with the company aiming to be the first ever to receive FDA Class II clearance for a product harvesting intact circulating tumour cells (CTCs) from patient blood for analysis.

AdEPT Telecom plc (LON:ADT) said underlying earnings in the financial year just ended will be slightly ahead of market expectations.

88 Energy Ltd (LON:88E, ASX:88E) has informed investors of the death of Paul Basinski, who was the founder of joint venture partner Burgundy Xploration. Basinski was a storied frontier exploration geologist who was credited as one of the first to identify the potential of the Eagle Ford shale play, in Texas, which ultimately became one of the main sources of the US shale boom.

W Resources PLC has raised £1.5mln, before expenses, via a placing of 300,000,000 ordinary shares at a price of 0.5p each to new and existing shareholders accelerate development on its Portuguese projects. The AIM-listed firm said the placing comes following the US$35mln BlackRock loan deal, announced in February.

ITM Power plc (LON:ITM) has announced the award of a grant from the Massachusetts Clean Energy Center (MassCEC) to undertake a multi-MW Power-to-Gas (P2G) feasibility study for the US start, The AIM-listed energy storage and clean fuel company said the study will assess the potential for P2G energy storage and hydrogen fuel for the Massachusetts region in collaboration with Holyoke Gas and Electric (HG&E), a local gas and electricity utility.

Blockchain and ICO consultant Coinsilium Group Limited (LON:COIN) has been signed up to help with Gibraltar-registered virtual healthcare platform TrustedHealth’s token sale. TrustedHealth is setting up a network to allow patients to virtual consultations with specialists in diseases such as brain and lung cancer. Payments will be with TDH tokens carried on the Ethereum blockchain.

Live Company Group Plc (LON:LVCG) said a second permanent BRICKLIVE centre, based around fun with LEGO bricks, is to open in China. Brick Live Centre Education Development (Beijing) Limited, a joint venture of which Live Company (LVCG) is a member, has agreed to open a BRICKLIVE centre in Shanghai in the autumn of this year.

Gfinity Plc (LON:GFIN) said it is continuing its relationship with motor racing giant Formula 1 as it announced season two of its F1 esports series.The AIM-listed esports broadcaster said Formula 1 would be events partner for season two of the series, which uses the FIA Formula One World Championship game published by Codemasters, that is due to start on 13 April 2018.

OptiBiotix Health plc (LON:OPTI) has announced three new patent filings to protect the production methods and product application areas arising from its SweetBiotix product development programmes

FairFX Group Plc (LON:FFX) has started to issue its own Mastercard branded cards alongside an online loan service for business customers. The e-bank said having the ability to issue its own cards is cheaper and will enhance its whole product suite.

Hot on the heels of its announcement of contract wins earlier this week, Corero Network Security PLC (LON:CNS) is to raise £4mln in fresh capital, paving the way for a new £3mln debt facility to be agreed.

KEFI Minerals plc (LON:KEFI), in its quarterly operations update, told investors that it expects the strong support for the Tulu Kapi gold project will be reinforced by the Kenyan government following the appointment of Dr Abiy Ahmed as the country’s new prime minister earlier this week. Abiy Ahmed was previously vice president of the regional government for Oromia, where Tulu Kapi is located.

Savannah Resources Plc (LON:SAV) has revealed what are described as “excellent” results from exploratory drilling at Mina do Barroso lithium project in Portugal. A new area of high grade lithium mineralisation has been discovered at the site. This zone, referred to as ‘Grandao Extended’ was unearthed through drilling to the west and southwest of the main Grandao deposit.

Harvest Minerals Limited (LON:HMI), the AIM listed natural fertiliser producer, said a video providing an overview of its Arapua Fertiliser Project, Brazil, and the work currently being conducted on site is now available to view on the company's website.

Kibo Mining PLC (LON:KIBO) is about to take another step closer to finalising work on its 300MW Mbeya coal-to-power project under a  memorandum of understanding with the Tanzania Electric Supply Company (TANESCO). The company signed the MoU with TANESCO in February with regards to a power purchase agreement (PPA) for power that will be produced from Mbeya. In a statement on Thursday, Kibo said it has received confirmation from TANESCO that a work session for the full PPA task team has been scheduled for April 10 to finalise work on key deliverables stipulated under the MoU.

Summit Therapeutics PLC (NASDAQ:SMMT) (LON:SUMM) said its chief executive Glyn Edwards will present at the H.C. Wainwright Global Life Sciences Conference on April 10 in Monte Carlo, Monaco.

Bushveld Minerals Limited (LON:BMN) has hailed significant progress at the integrated thermal coal mining and independent power project it is developing in Madagascar. The company said its coal and energy subsidiary, Lemur Holdings, has completed the load, demand and transmission routing studies and has initiated discussions with the Madagascan government regarding the concession - described by Lemur's chief executive officer, Prince Nyati, as “a top priority for 2018”.

 

 

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