Proactive news headlines: ADES International, SourceBio, FastForward, Black Bear Energy…
The Middle East drilling group ADES International PLC (LON:ADES) has agreed to be taken private by a consortium including Saudi Arabia’s sovereign wealth fund in a deal worth US$516mln.
SourceBio International PLC (LON:SBI) said it has signed an agreement with the Rugby Football Union (RFU) and Premiership Rugby Limited to provide coronavirus (COVID-19) testing services for elite rugby in England.
Technology group Induction Healthcare (LON:INHC) has announced two public sector contracts for its booking system, which will be used to manage COVID-19 lateral flow tests.
Woodbois Limited (LON:WBI) shares moved higher on Monday after the firm unveiled a new reforestation and carbon credit division which it said represents “a valuable add-on” to its existing forest management operations.
Tirupati Graphite PLC (LON:TGR) has reported on progress made in the redevelopment of hydropower facilities at the Sahamamy graphite project in Madagascar and on the initiation of further studies for hydropower across both its Madagascar graphite projects.
Black Bear Energy Resources Plc (LON:BBER) has announced fundraising plans as it looks to begin work on its oil and gas asset in Michigan and complete a leasing deal in Texas.
Oracle Power PLC (LON:ORCP) has confirmed the presence of a newly identified substantial greenstone belt at its Jundee East gold project, located in the Eastern Goldfields region of Western Australia.
Argo Blockchain PLC (LON:ARB) (OTCQX:ARBKF) said it has now completed the acquisition of 320 acres of land in West Texas, USA, following a non-binding letter of intent with DPN LLC signed in February.
AfriTin Mining Ltd (LON:ATM) produced 194.5 tonnes of tin concentrate from its Uis mine in Namibia in the fourth quarter to end February 2021, representing a 28% quarterly increase compared with the previous quarter, and exceeding the 180 tonnes production target. Total production for the 2021 financial year amounted to 473 tonnes of tin concentrate.
Bacanora Lithium PLC (LON:BCN) lost US$15.6mln for the year ended 31 December 2020, including a US$4.1mln loss on discontinued assets. During the year ended 31 December 2020, Bacanora incurred US$4.4mln general and administrative costs. Bacanora has not entered into commitments to develop its flagship Sonora project in Mexico yet, and front-end engineering work continues.
FastForward Innovations Ltd (LON:FFWD) said investee company Portage Biotech Inc has announced the divestment of three legacy businesses: Portage Pharmaceuticals (PPL), and its subsidiaries Portage Glasgow Limited and EyGen Limited, to Juvenescence Ltd. Portage may be entitled to receive up to US$244mln in future milestone payments based on specified development criteria.
MelodyVR Group PLC (LON:MVR) said its name change to Napster Group PLC (LON:NAPS) will take place tomorrow, 9 March.
Allergy Therapeutics PLC (LON:AGY) chief executive, chief oinancial officer and head of business innovation will present at the online H.C. Wainwright Global Life Sciences Conference taking place from 9-10 March. The presentation will be made available on-demand for participants from 9 March and on the investor section Allergy Therapeutics’ website.
Impax Asset Management Group plc (LON:IMPX) said its 2021 annual general meeting on 18 March will be a closed meeting, with shareholders, third-party proxies and corporate representatives not able to attend. Shareholders are strongly encouraged to submit their votes by proxy in advance of the AGM and to appoint the chair of the meeting as their proxy.