Sunrise Resources PLC (LON:SRES) has had its permit submission for exploration at the NewPerl perlite project in the USA approved by the Bureau of Land Management. The work programme is designed to test the Knoll prospect at NewPerl.
Faron Pharmaceuticals Ltd (LON:FARN) has raised around €1.34mln (£1.15mln) from a share subscription by an existing shareholder to extend the company's working capital into mid-fourth quarter 2019 following on from a share placing in March.
Mercator Gold, the Australian subsidiary of ECR Minerals PLC (LON:ECR), has received a A$319,000 (£171,000) research and development refund from the Australian government. The refund relates to qualifying expenditure by Mercator in the year ended 30 June 2018.
OptiBiotix Health PLC (AIM: OPTI) has signed an exclusive distribution deal for its weight loss product in Thailand. The three-year agreement with Primo Trading will see the Thai company buy a minimum of 500kg of SlimBiome in the first 12 months, rising to 5,000kg by year-three. It has already made an initial 100kg purchase.
Concepta PLC (LON:CPTA) coupled annual results with news of early successes for its myLotus fertility product for couples in the early stages of trying to conceive. The self-test product went on sale last year and a supply agreement was struck with Boots in the UK in March.
Savannah Resources PLC (LON:SAV) has welcomed the establishment by France and Germany of a European cross-border battery cell consortium. The consortium will develop next-generation batteries for electric vehicles (EVs).
Mosman Oil And Gas Ltd (LON:MSMN) has raised £750,000 of new capital and has agreed to drill two wells at the Champion project, in Texas. The wells follow the capture of 3D seismic data and the company expects they will provide an increase in production and revenues.
Touchstone Exploration Inc (LON:TXP) told investors that production in the first quarter averaged 2,121 barrels per day. That represents a 37% improvement on the comparative period of 2018, and, a 15% rise on the preceding quarter.
US Oil & Gas PLC (USOP) told investors it has decided to focus on plans for new wells rather than frack the previously drilled Eblana-3 well. The decision comes after a technical review of the project.
Scotgold Resources Limited’s (LON:SGZ) chairman and major shareholder Nat Le Roux has transferred a batch of options to Rhodara, a Jersey-based investment company for a nominal sum. Le Roux informed the Scottish gold miner that due to his current holding being almost 50% he was unlikely to take up the options, which are over 1.745mln shares and exercise at 40p.
Eden Research PLC’s (LON:EDEN) chairman, Lykele van der Broek will hail the key milestones and good progress made with the commercialisation and regulatory clearance of its products at the biopesticides firm’s annual general meeting to be held on Tuesday as the group moves to benefit from changes to agchem industry.
Sound Energy PLC (LON:SOU) said that non-executive director David Clarkson is to step down from the board after completion of the company's ongoing operational programme in Eastern Morocco, which is expected to complete towards the end of the first half of 2019. The group said Clarkson will remain on the board, to assist the company during the transitional period around the appointment of a new non-executive director, until 13 August 2019. It added that the firm has commenced the process of identifying a new independent non-executive director and anticipates making an announcement shortly.
Adamas Finance Asia Limited (LON:ADAM), the pan-Asian diversified investment vehicle, said it will be exhibiting at the Mello Investment Trusts & Funds event on Wednesday 15 May 2019 at the Clayton Hotel Chiswick, London, W4 5RY.