Integumen PLC (LON:SKIN) has agreed to buy water monitoring company Modern Water PLC (LON:MWG) for £21.25mln. The two companies have been working together since March, when Integumen provided its AI technology to produce test kits for Modern Water and demand soared amid the pandemic as public bodies and private companies were looking to analyse possible coronavirus contamination in wastewater outlets from residential, hospital and other sewage outflows.
Ncondezi Energy Limited (LON:NCCL) said it has signed a shareholder agreement term sheet with China Machinery Engineering Corporation (CMEC), which will see it maintain a 40% stake in its 300-megawatt coal-fired power project and coal mine in Mozambique.
Trident Royalties PLC (LON:TRR, FSX:5KV) said it is paying A$800,000 in cash and shares for a package of four existing gold royalties in Western Australia. The projects are sited in the globally recognised Pilbara and Yilgarn mining regions and the deal represents the company’s fourth since listing on AIM just three months ago.
Blackbird Plc (LON:BIRD) has partnered with Tata Communications to launch a cloud-based editing service for live video to the media and sports industries after recently securing a multi-year order from the Indian digital services giant.
AfriTin Mining Ltd (LON:ATM) hailed a “transformational” year in its preliminary results having achieved initial production of tin concentrate and first revenues. Following last year’s transition from developer to producer, the AIM-listed firm is now working towards ramping up production to 720 of tin concentrate per annum then increasing capacity to 5,000 tonnes per annum.
Benchmark Holdings PLC (LON:BMK) has delivered positive earnings in its third quarter, which it attributed to higher revenues and margins in its genetics division after moving external production in-house and reducing its operating costs during the coronavirus pandemic.
Europa Metals Ltd (LON:EUZ) has announced metallurgical test-work results for its Toral project that demonstrates “excellent” lead, zinc and silver recovery and grades. Chief executive Laurence Read said: “While Europa Metals is extremely pleased with the results from the TOD-025, high-grade, sample, it is of particular note that ore sorting could well bring new areas of the deposit’s overall resource into the mineable area having previously been discounted due to the low-grade nature of the ore.”
Bezant Resources PLC (LON:BZT) has raised £625,000 to fund new exploration at the Hope copper-gold project in Namibia. In particular, Bezant said it will assess the gold potential at Gorob-Vendome deposit, where most of the historic drill programs were not assayed for gold, and at the Kalengwa project in Zambia to test one or more of the identified anomalies.
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has completed the retail component of the 1 for 3.2 pro-rata accelerated non-renounceable entitlement offer, which formed part of the company’s underwritten A$98.5 million equity raising. The retail entitlement offer closed on August 25 with eligible shareholders applying for around A$11 million worth of new fully paid ordinary shares in line with their entitlements and additional new shares under the Retail Shortfall Facility.
Tavistock Investment PLC (LON:TAVI) will hold a second meeting after its annual shareholder meeting next month to consider a capital reduction proposal that it said will facilitate the payment of dividends to shareholders.
Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) confirmed its strong financial position as it released interim results for the six months ended June 30. It ended the period with US$11.8mln of cash and it was debt free. The pre-revenue firm reported a US$199,000 profit for the period due as its numbers were boosted by finance income of US$874,000.
Curzon Energy PLC (LON:CZN) told investors that it believes the Coos Bay coal bed methane assets continue to hold potential value though noted the present challenges.
Mkango Resources Ltd (CVE:MKA, LON:MKA) said a government delegation has expressed satisfaction with development work at Mkango’s Songwe Hills rare earths project in Malawi. The pre-revenue company had cash of US$6,440,697 at June 30, 2020, as second quarter mining exploration expenditures stepped up to US$613,565 from US$301,186 as work on the feasibility study at Songwe Hills cracks on, which contributed to a net loss of US$913,674.
FastForward Innovations Ltd (LON:FFWD) said a revised chapter 11 plan of reorganisation for its investee company Factom, which allows the company’s US$6mln SAFE note to be converted to equity in Factom, has been approved by the US bankruptcy court for the district of Delaware and Factom’s shareholders.
Adamas Finance Asia Limited (LON:ADAM) published an update on its investment in Hong Kong-based restaurant group FLMH, in which it holds a convertible bond of US$26.5mln.
Asiamet Resources Limited (LON:ARS) announced the appointment of Leonard Aurlianus to the role of chief financial officer, based in Jakarta.
Aminex PLC (LON:AEX) told investors it has further extended the deadline to complete its farm-out deal with ARA Petroleum to September 30 from August 28. The company continues to await government approval for the transaction.
APQ Global Ltd (LON:APQ) expects to report both its final result for last year and its interim results for this year in September, which it said was due to needing further time to refine the disclosure in accounts and the associated review by the company’s auditor.
IronRidge Resources Limited (LON:IRR) said it will be attending several online conferences in the coming months, including Mines and Money Online Connect Global, which runs from August 31 to September 3. (https://mines-money-global.eventnetworking.com/)
Others include Precious Metals Summit Beaver Creek, 121 Mining Investment Online APAC, 121 Mining Investment Americas Online, International Precious Metals & Commodities Show and 121 Mining Investment Online EMEA.
Tiziana Life Sciences PLC (NASDAQ:TLSA LON:TILS) clarified the reason for filing a corrected amendment registration statement for registering additional American Depositary Shares. The registration statement was not filed to register shares for a capital raise, but for the sole purpose of increasing the number of ADSs available for shareholders to exchange ordinary shares of Tiziana for ADSs. Tiziana said over the past few months, an increasing number of ordinary shares have been exchanged for ADSs.
Published at Fri, 28 Aug 2020 14:30:00 +0000-Proactive news headlines: Integumen, Trident Royalties, Blackbird, Benchmark…