RNS Hotlist: Altona, Argo Blockchain, Botswana, Conroy, e-Therapeutics, ECR, ImmuPharma, Kodal, Live, Oilex, Open Orphan, Rambler
Open Orphan (ORPH), a specialist contract research organisation said it noted market speculation regarding a potential delisting. The company confirmed that it has no plans to delist and is working with Liberum to complete their due diligence following their appointment as Nominated Adviser. ORPH said it looks forward to confirming the completion of the required due diligence in due course. Separately, the company has signed a “substantial contract” with an existing top 5 global pharmaceutical client to manufacture a virus for use in human challenge studies.
ECR Minerals (ECR), the gold exploration and development company, provided another update from drilling at HR3 with further high gold grades identified at the upper part of the Maori Anticline in hole BH3DD022.
Argo Blockchain (ARB), a cryptocurrency mining specialist, announced that Argo Helios subsidiary has entered into additional loans with NYDIG ABL LLC, a wholly owned subsidiary of New York Digital Investment Group LLC. As part of the additional financing, NYDIG will loan Argo Helios an aggregate principal amount of up to $70.60 million (£56.3 million).
Rambler Metals and Mining (RMM), a copper and gold producer, explorer, and developer, announced the updated Mineral Resource Estimate for the Ming Mine with an effective date, including mining depletion, of 31 March 2022. The new mineral resource estimate includes 23.755 million tonnes of Measured and Indicated Resources grading 1.80% copper and 0.35 grammes per tonne gold containing 945 million pounds (428,000 tonnes) of copper and 271 thousand ounces of gold.
Oilex (OEX) updated with respect to its operations in India, as well as completion of a £2.5 million fundraise. After a lengthy shut-in of production on the Cambay field (WI 100%), gas production and sales have been stabilised from one well (C-73) at circa 0.3 mmscfd, with circa 21 bopd of gas condensate. Current C-73 production rates (c. 0.3 mmscfd) demonstrate stable wellhead pressures. The company plans to co-mingle production from the C-77H horizontal and fracced well while ramping up to higher sustainable production rates.
Live Company Group (LVCG) announced that the Heads of Agreements for the streaming of the KPOP.flex festival in Frankfurt in May 2022 have been signed with Doors Live AB.
ATOME Energy (ATOM), the international green energy company announced the signing in Paraguay of its first major 60MW Power Purchase Agreement enabling a “clear path” to near term large-scale hydrogen and ammonia production.
Totally (TLY), a provider of frontline healthcare services, continues to be on a roll as it announced the award of a five-year contract extension to Energy Fitness Professionals, the corporate fitness provider acquired by Totally in December 2021, for the delivery of on-site gyms for the Royal Mail, valued at a total of £2.5 million. The contract will run until 16 May 2027.
Physiomics (PYC), the consultancy using mathematical models, announce that Dr Cristian Gradinaru has joined its technical team as a Senior PKPD Modeller.
ImmuPharma (IMM), the specialist drug discovery and development company, confirmed that final preparations are now underway to progress Lupuzor™ into its new optimised international Phase 3 trial of Lupuzor™ in lupus patients.
Botswana Diamonds, the London AIM and BSE listed diamond explorer, announced the results of its ground geophysics survey on its Thorny River property in South Africa. It boasted the discovery of the largest anomaly to date on Thorny River consistent with a kimberlite pipe of 25m in diameter. Drilling is planned for July - August 2022.
SDX Energy (SDX), the MENA-focused energy company, announce the completion of the tie-in of the SD-5X Warda well (SDX Working Interest: 36.85%) to the CPF via the SD-4X flow-line approximately one month ahead of schedule.
Reabold (RBD), the AIM quoted investing company, announced that, as part of the ongoing strategic review of Corallian, as announced on 20 October 2021, Corallian has received a non-binding offer from a credible party for the Potential Sale.
Kodal Minerals (KOD), the mineral exploration and development company, has raised £3,000,000 at 0.28p. The funds raised will support Kodal in the continuing development and preparation for financing and construction of its flagship Bougouni Lithium Project in Mali.
e-therapeutics (ETX), a specialist in computational drug discovery, announced its audited final results for the year ended 31 January 2022. The company said it was “extremely pleased” with the progress made in 2021 in all aspects of the business. It said it was “excited” to partner with iTeos to help identify highly differentiated immuno-oncology medicines for patients.
Conroy Gold and Natural Resources (CGNR), the gold exploration and development company, announced the commencement of a drilling programme of c.3,000m on its Clontibret gold target in Ireland, in conjunction with its Joint Venture partner, Demir Export. The drilling programme commenced at the end of April.
Altona (ANR), a mining exploration company, reported the final Phase 1 assay results from Monte Muambe, its Light REE project in Mozambique. The company said its goal is to fill a significant gap in the global REE supply chain and that this “early success” at Monte Muambe, together with its developing African infrastructure, increases Altona's opportunity to become a serious partner to any of the major manufacturers which rely upon a sustainable supply of critical rare earth metals.
Rogue Baron (SHNJ), a company in the premium spirits sector, said that, further to the announcement of 5th April 2022, the first order for Shinju being 300 bottles of Shinju and 90 bottles of the Shinju 8-year-old has been received. The company said it is “pleasing” to see the first sales of the new 8-year-old Shinju, which represents an important inflection point for SHNJ.
Dianomi (DNM), a provider of native digital advertising services, announced its audited financial results for the year ended 31 December 2021. The company said that following a positive start to trading in 2022, it will continue to harness the power of context and data in a cookie-less world in order to scale and maximise its existing business
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