Active Energy PLC (LON:AEG) expects its new CoalSwitch manufacturing plant at Lumberton, North Carolina to begin operations 'shortly'. All the key equipment is en route from its previous site in Utah to its new location and should arrive this week.
EQTEC PLC (LON:EQT), the waste gasification to energy project specialist, is to jointly develop a biomass gasification power project in California, USA. It is the first agreement to result from the framework agreement, announced last month, with California-based firm Phoenix Biomass Energy to develop biomass gasification power plants in the US.
Horizonte Minerals PLC (LON:HZM)(TSE:HZM) has completed test work on samples of limonite ore from the Vermelho nickel-cobalt project in the Carajás mining district of Pará state, northern Brazil. The company was able to produce a high purity product containing 21.8% cobalt, exceeding the reference grade used for sulphate pricing.
Tissue Regenix Group PLC (LON:TRX) said current trading was in line with expectations as it confirmed it had secured a US$20mln credit facility that would allow management to invest in growth. MidCap Financial Trust is providing a US$15mln, five-year loan, a three-year revolving line of credit and further US$2mln revolver if needed.
Oncimmune Holdings PLC (LON:ONC) said a large-scale lung cancer study it was a pivotal part of was a success. The company’s EarlyCDT-Lung test was used alongside x-rays and CT scans to check for the killer disease.
Chaarat Gold Holdings Ltd (LON:CGH) has boosted reserves at the Tulkubash gold project in Kyrgyzstan by 39% to 22.2mln tonnes. Chaarat’s new feasibility study for Tulkubash envisions production running at 94,000 ounces of gold per year, at an all-in sustaining cost of US$819 per ounce.
discoverIE Group PLC (LON:DSCV) has upped its final dividend following a strong uplift in profits for its latest full year. The custom electronics maker reported an underlying pre-tax profit for the year ended 31 March of £27.2mln, 24% higher than the year before, while revenues climbed 13% to £438.9mln.
Walls & Futures REIT Plc (LON:WAFR), the ethical housing REIT, announced that it has completed the acquisition of its latest Supported Housing investment as it works to deliver a pipeline of projects in the South and South West of England. The NEX Exchange Growth Market-listed company has acquired a freehold semi-detached bungalow in Didcot, Oxfordshire for £465,000.
Pembridge Resources PLC (LON:PERE) has signed a definitive share purchase agreement with Capstone Mining Corp for the acquisition of the Minto copper, gold and silver mine in the Yukon, Canada. The consideration comprises up to US$20mln in total payments due to Capstone.
Alba Mineral Resources plc (LON:ALBA) has raised £500,000 of new capital to support the maiden drill programme at the Amitsoq graphite project in Greenland. Funds will also be directed to ongoing operations at the Clogau gold project in north Wales and the Limerick base metals project in the Republic of Ireland. Alba sold 250mln new shares, priced at 0.2p, in order to raise the funds.
Bluejay Mining PLC (LON:JAY) closed out the year ending 31 December 2018 with £8.85mln of cash, after booking losses before tax of £10.7mln. During the period the company continued to make progress on the development of its Dundas Ilmenite project in Greenland.
Providence Resources PLC (LON:PVR) told investors that a proposed well site survey for the Dunquin South exploration prospect won’t go ahead in the 2019 work programme. The company and its partners in the Frontier Exploration Licence 3/04 made a decision to defer the survey.
Tower Resources PLC (LON:TRP) says 2019 will be a crucial year for the company in many ways. The company, in its financial results statement, highlighted that it is realising plans for the Thali license in Cameroon which could transform the group, meanwhile, it said that assets in Namibia and South Africa are attracting lots of industry attention.
Two of the co-founders of KR1 PLC (LON:KR1), Rupert Williams and Jeremy Woodgate, will step down from the board with immediate effect to focus on other projects. The blockchain and crypto investment firm said both Williams and Woodgate would remain with the company as consultants.
Adamas Finance Asia Limited (LON:ADAM), the London quoted pan-Asian diversified investment vehicle, announced that Ernest Wong has resigned as a non-executive director with effect from 3 June 2019 in order to focus on his other work commitments.
Wishbone Gold PLC (LON:WSBN) has revealed a delay in the publication of its annual accounts due to a requirement from its Australian auditors for a valuation of the group’s mineral properties in Australia. The AIM and NEX-listed group said this has resulted in an increase in value in the properties which will be fully explained in the accounts when issued. Big Pic in March.
Amur Minerals Corporation (LON:AMC), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, said that, under the convertible loan agreement entered into on 22 March 2019, it has today issued 4,025,034 new ordinary shares in the company to Cuart Investments PCC Ltd and YA II PN Ltd in settlement of US$108,153 of principal and accrued interest.