Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Wishbone Gold PLC - Gibraltar-based precious metals trading and exploration company with assets in Australia - Reports ‘significant’ copper and gold grades from drilling in Queensland, Australia. Chair Richard Poulden says: ‘We are extremely pleased with the initial drilling program on our Queensland tenements, which was designed to test areas with surface anomalies. Having hit several mineralized intercepts of over 1% copper and broader zones of potassic style alteration generally associated with the cores of intrusive related Cu-Au mineralised systems is tremendously promising at this early stage.’
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Avation PLC - Singapore-based passenger aircraft leasing firm - Completes delivery of ATR 72-500 aircraft to Yeti Airlines on operating lease. ‘Yeti Airlines is a new customer for Avation and Nepal is a new jurisdiction for Avation. This unencumbered aircraft is the company's final ex Virgin Australia ATR 72-500,’ Avation adds.
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Proton Motor Power Systems PLC - Newcastle-based producer of hydrogen fuel cells and electric hybrid systems - Delivers three emission-free HyFrame S36 systems to Dortmund, Germany-based Wilo SE, a new customer. Proton Motor adds: ‘The pilot project will serve as an emergency power plant for Wilo's headquarters ’Wilopark‘ in the south of Dortmund, which was inaugurated in 2021. The state of North Rhine-Westphalia and the city of Dortmund issued the official building permit in the Spring of 2022.’
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D4T4 Solutions PLC - Middlesex, England-based data management platform company - Reports launch of world's first no-party, no-cookie technology. No-party data refers to information gathering which does not use tracking or shareing of cookies. It means users can stay anonymous. The technology is named Celebrus CX Vault. ‘Celebrus CX Vault works by recognising the context of a browsing session in real time and then applies machine learning to further determine and interpret user interest. It is an ethical innovation that meets privacy regulations and respects consumers who opt-out of cookie usage,’ D4T4 says.
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Ethernity Networks Ltd - Israel-based network data processing technology provider - Begins trading on OTCQB Market in US. ‘Cross trading on the OTCQB allows the company access to one of the world's largest investment markets to expand its reach into a broader pool of investors. Ethernity's shares will be available to US investors during US working hours and priced in US dollars, which has the potential to enable greater liquidity in the company's ordinary shares on AIM by easing cross-border trading for potential US investors,’ Ethernity says.
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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Probe shows five-minute treatment of nasal photodisinfection reduces staphylococcus aureus in pre-surgical patients. Staphylococcus aureus is a bacteria that causes surgical infections. ‘Top line results met primary endpoint and showed nasal photodisinfection eliminated or significantly decreased Staphylococcus aureus in 92% of carriers treated per protocol,’ Ondine says.
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HealthBeacon PLC - Dublin-based digital therapeutics company developing project for managing injectable medications - Signs pact with American Pharmacists Association Foundation. ‘The partnership will enable patients to access enhanced medication use support through an integrated pharmacist offering with the HealthBeacon Injection Care Management System products in community pharmacies across the United States,’ HealthBeacon says. Pharmacies will be allowed to use HealthBeacon technology for patients on injectable medications. ‘This will support HealthBeacon's goal of achieving 100,000 patients using the HealthBeacon ICMS technology by Q1 2024,’ company adds.
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Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Ends agreement with SIPA Resources for Akelikongo nickel project. Blencowe will instead focus on Orom-Cross project. Blencowe no longer required to issue $350,000 of shares to SIPA. Adds that $500,000 spending obligation by February 2023 also no longer needed.
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Synergia Energy Ltd - Perth-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Contracted workover rig from Aakash Exploration Services Ltd for use on Cambay C-77H wellsite. ‘The primary operation will be to re-install the production tubing but additional tasks will be to remove the frac tree and re-install the production Christmas tree,’ Synergia adds. ‘It is anticipated that the re-installation of the production tubing will enhance the well clean up and provide representative gas flow rate evaluation.’
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Contango Holdings PLC - natural resource development company with operations in Africa - Says coking coal product at Lubu project in Zimbabwe of ‘excellent quality’. ‘The coke results are better than expected, exceeding the company's pre-test expectations,’ Contango says. ‘The xompany remains in ongoing discussions with a number of potential coke offtake partners who have also reacted positively to this data and the characteristics of Lubu coking coal and coke products.’
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Pantheon Resources PLC - London-based oil and gas company focused on Alaska - At Alkaid #2 well, Nabors 105 drill rig has been fully demobilised. Wireline and completion equipment now at site. ‘The well will be perforated, stimulated and plugged off in sections, prior to the commencement of flow testing, anticipated in early October. The company looks forward to advising shareholders of flow test results in due course,’ Pantheon Resources adds. Adds it has also upgraded capacity of production facilities. In addition, notes application to trade on OTCQX trading platform ‘nearly complete’. ‘The company is not seeking a fundraising in conjunction with this process,’ it adds.
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Amaroq Minerals Ltd - Greenland-focused gold mining company - Reports updated mineral resource estimate at Nalunaq gold project. In-mine inferred plus extension inferred resource stands at 355,000 tonnes at grade of 28.0 gold per gramme.
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