RNS Hotlist: AfriTin, Ariana, Avacta, Brandshield, Braveheart, Bezant, Caerus, Distil, Eco, Egdon, Gaming, Getech, Hummingbird, Igas, Quantum, SEED, Sosander, WANdisco, Xtract

Xtract Resources (XTR) report on three further drill holes completed in the area between Racecourse and Ascot on the Bushranger copper-gold porphyry exploration project. The company said that all three drills intersected visible mineralisation and it looks forward to assays being returned. The objective is to add strike to the Ascot mineralised zone and move towards an inferred mineral resource, while drilling to extend further south.

Bezant Resources (BZT), and Caerus Mineral Resources (CMRS) the exploration and resource development companies, announce the results of an independent Initial Mineral Resource Estimate, reported in accordance with JORC Code (2012), in respect of the Troulli Cu-Au project. BZT said that this is a very encouraging start and provides a good foundation for the expansion of the Mineral Resource as it starts to include extensions to the mineralization and the area between Troulli and Kokkinapetra.

AfriTin Mining (ATM), an African tech-metals mining company, announced the release of its five-year growth strategy. The company aims to enlarge its footprint in Namibia by expanding existing operations and adding mining locations both in country and across Africa. In addition, revenue streams for multiple technology metals concentrates will be developed, expanding the current tin production to include lithium, tantalum and tungsten.

Eco (Atlantic) Oil & Gas (ECO) announced the successful completion of an oversubscribed Equity Fundraise at a price of £0.30. On settlement, the Equity Fundraise will raise gross proceeds of approximately £19.5 million.

Savannah Resources (SAV), the European lithium development company, announced its audited financial results for the year ended 31 December 2021. The company said it has a singular focus as a European lithium "pure play" following the amicable exit from the Consortium Agreement with Rio Tinto on the Mutamba Mineral Sands Project in Mozambique.

Avacta Group (AVCT), a clinical stage oncology company, announced its preliminary results for the year ending 31 December 2021. The company said it has been a period of “transformational” progress for the Group, including many firsts for both the Therapeutics and Diagnostics divisions and despite the many operational challenges resulting from the impact of the pandemic.

Igas (IGAS) revealed its full year results for the year ended 31 December 2021. The company said it has made “excellent” progress on large scale geothermal, with specific provision now being made for drilling of geothermal wells in the Government's recently launched Green Heat Network Fund (GHNF). This now gives it a clearer line of sight to development as it firms up a number of rapidly emerging opportunities.

Hummingbird Resources (HUM) provided an update on the Company's mine development progress and results from further assays of the 2021 Resources and Reserves infill drilling programme at the Kouroussa Gold Mine in Guinea. The company said it remains focused on delivering Kouroussa on schedule and on budget for a first gold pour by the end of Q2 2023, which will then more than double its current production profile.

Egdon Resources (EDR) said it welcomes the Government's announcement of 5 April 2022 of a scientific review of shale gas by the British Geological Survey.  The review is to report before the end of June 2022.

Braveheart Investment (BRH), is pleased to announce a placing at 15p raising gross proceeds of £215,113 through those good people at Peterhouse Capital. (Clever) Trevor Brown, the Braveheart CEO, commented said the company is delighted to have been able to raise this extra funding which will enable Braveheart to continue its investment in portfolio assets. Do not spend it all at once.

Quantum Blockchain (QBT) has agreed with MC Strategy S.A., the sole Bondholder of the company’s new €3.5m Zero-Coupon Bond to extend the maturity of the New Bond from 15 December 2022 to 15 December 2024.

WANdisco (WAND), the LiveData company, has signed a Commit-to-Consume contract worth $720k with a top 10 global retailer. Using its LiveData Migrator solution, WANdisco will create a new, focused environment for machine learning and other analytical workloads.

Ariana Resources (AAU), an AIM-listed mineral exploration and development company, updated on the mine development programme underway at Tavsan. The company said the Tavsan mine development programme is advancing at pace, and activities across the project are ramping up significantly as the project is progressed towards construction.

Gaming Realms (GMR), the developer and licensor of mobile focused gaming content, said that it has officially launched its content in the Canadian province of Ontario on the first day its regulated gaming market opened on 4th April 2022.

Getech (GTC), a geoenergy and green hydrogen company, updated on its trading and outlook ahead of the publication of its full year results for the year ended 31 December 2021, which will be announced during May 2022. The company said it has driven revenue and orderbook growth by 20% and 25% respectively in FY2021 and this has resulted in a significant broadening in sales and business development pipelines, with the positive trend continuing into 2022.

Distil (DIS), the owner of premium drinks brands, provided an update on trading for the financial quarter ended 31 March 2022. Unaudited Q4 (January - March 2022) volumes and revenues showed strong year-on-year growth: volumes increased 38%, revenues increased 32%. Investment in brand marketing and new product development increased 156%.

SEED Innovations (SEED, the AIM quoted investing company, provided an update on its portfolio company Eurox Group, a medical cannabis company, which has raised a total of €4.4 million at an approximate 62% premium to its July 2021 fundraise in which SEED invested approximately €3 million.

Sosandar (SOS), the online women's fashion brand, updated for its financial year ended 31 March 2022. Following its record performance in Q3 FY22, the company delivered its second consecutive EBITDA positive quarter in Q4 FY22 with very strong trading across all channels. As a result of this successful trading period, SOS now anticipates reporting revenue and EBITDA for the full year ended 31 March 2022 ahead of recently upgraded market expectations.

BrandShield Systems (BRSD), a provider of cybersecurity solutions, has secured a new business contract with a leading pharmaceutical company. This comes as part of an ongoing growth in sales and the closing of several new customers since the beginning of 2022.