Catenae Innovation PLC (LON:CTEA) has unveiled two significant developments – one commercial, the other technological. The former first: the blockchain specialist has agreed a deal with a newly-incorporated firm called Afrik-ID, set up by Botswana’s former US ambassador David Newman. Afrik-ID will pilot test over the next four months Catenae’s Onsite ID and Cov-ID technologies in the country “to ascertain their commercial viability”. In a separate announcement, Catenae said it had completed work on its Onsite ID product having slowed progress to develop, pilot and launch the Cov-ID coronavirus passport app.
SigmaRoc PLC (LON:SRC) said its Belgian subsidiary, Carrières du Hainaut (CDH) has signed an agreement with the Walloon government to co-fund infrastructure works in the context of its quarry extension project at the town of Soignies. The construction materials group said CDH will fund €700,000 of the estimated €3mln project, which is expected to commence later this year and consist of the displacement of two sections of public road currently separating 116 hectares of CDH’s 351 hectares of permitted land and minerals from its main quarry site. SigmaRoc said once these works are finalised CDH will begin installing a new crushing and screening plant, enabling it to move forward with extracting construction aggregates and high-grade limestone at the extension area.
Power Metal Resources PLC (LON:POW) has said the pitting and mapping exploration programme at its Kisinka copper-cobalt project has confirmed copper anomalous areas. The programme on the 70%-owned project, located in the southern part of the Katangan copper belt in the Democratic Republic of the Congo, was carried out over 40 days. In all, 211 samples including 11 field duplicates were collected and after sample preparation at the Preparation Laboratory of the University of Lubumbashi one batch was subjected to x-ray fluorescence (XRF) testing by an XRF Niton analyser, where a correlation with an R2 coefficient of 0.8835 for cobalt and 0.9661 for copper was obtained, indicating good precision.
Trident Resources PLC (LON:TRR) has said that, further to its announcement of June 2, 2020, the company’s change of name has been effected by Companies House and that its name is now Trident Royalties PLC. The company will start trading under its new name, with the same TIDM of TRR with effect from 08.00am on Monday, July 6, 2020. Shareholders should note that their shareholdings remain unaffected by the change of name and existing share certificates should be retained as they remain valid for all purposes and new share certificates will not be issued.
Adamas Finance Asia Limited (LON:ADAM), the pan-Asian diversified investment vehicle, announced that further to its announcement on June 3, 2020, the company’s portfolio company, Future Metal Holdings Limited (FMHL), is now expecting to complete its mining licence renewal in the third quarter of 2020. It noted that while the licence renewal process in underway, the quarry has continued to operate. The renewal process was originally scheduled to complete in the second quarter of 2020 and the local management team has submitted all the required documents for the renewal process. The reason for the minor delay in obtaining the llcence is primarily due to the addition of a new filing requirement as part of the renewal application by the local Ministry of Natural Resources in late 2Q 2020. The local management team has since completed this required filing. The company said it is confident that FMHL will obtain the renewal in Q3 2020 as its application is entering the final review phase by the Ministry.
Mosman Oil and Gas Limited (LON:MSMN) the oil exploration, development and production company, has provided an update on the sale of the Welch Project in Texas to US-based Eagle Natural Resources LLC for US$300,000 (circa A$460,000). The purchaser has previously paid a non-refundable deposit totalling US$60,000 (circa A$85,000). The purchaser has again sought and Mosman has granted an additional 14-day extension to the settlement on the basis that the non-refundable deposit is increased to US$90,000 (circa A$130,000) and this increased deposit has now been received. Full settlement of the balance of US$210,000 (circa A$300,000) is now expected to occur on July 17, 2020, Mosman said.
EQTEC PLC (LON:EQT), the technology solution company for waste gasification to energy projects, has announced the exercise of certain warrants to subscribe for over 20,000,000 new ordinary shares in the company at a price of 0.25p each. It said the aggregate gross proceeds of these exercises receivable by the company amount to £50,000.
Asiamet Resources Limited (LON:ARS) has said that a video recording of a Q&A session with its executive chairman, Tony Manini is now available for shareholders to view on the company’s website at the following link: https://asiametresources.com/media/#1573541478905-c666a9b6-bb22. A copy of the presentation is also available in the presentations section of the website: https://asiametresources.com/reports-and-presentation/. Should investors have further questions then they are invited to submit to [email protected]
Iconic Labs PLC (LON:ICON) said it has received a notice of exercise from European High Growth Opportunities Securitization Fund in respect of the exercise by the Investor of its conversion rights under the Convertible Bonds issued in respect of the first tranche drawn down under the Financing and Settlement Agreement, announced on February 7, 2020, for the aggregate principal amount of £180,000 resulting in the issue to the Investor of 2,000,000,000 new ordinary shares in the company.
CentralNic Group PLC’s (LON:CNIC) capital markets day last week highlighted the opportunity for the internet domain specialist to grow both organically and through acquisition, according to Edison. Management focused on the opportunities for the different service lines, the research house said, highlighting a shared service approach as management pushes for higher value-added services to drive organic growth over the next three years Following the event, Edison forecast CentralNic revenue to almost double this year to US$203mln and to rise again to US$214mln in 2021, while profits are tipped to reach US$18.9mln on a normalised basis this year and US$23.4mln a year later.
Impax Environmental Market PLC’s (LON:IEM) 18-year strong experience has helped the trust’s team to hold their nerve in the volatile coronavirus pandemic conditions allowing it to rebound more strongly than the market, according to research house Kepler. The investment trust, managed by Impax Asset Management PLC (LON:IPX), has benefited from market volatility to initiate positions in several new companies, which previously had valuations its team considered too rich, Kepler’s analysts said in a research note.
Published at Fri, 03 Jul 2020 14:30:00 +0000-Proactive news headlines: Catenae Innovation, SigmaRoc, Power Metal Resources, Trident Resources …