Proactive news headlines: Oncimmune, Alien Metals, Cornerstone FS, Gore Street Energy Storage…
Oncimmune Holdings PLC (LON:ONC) has landed two substantial new contracts for an infectious disease panel that can help predict the severity of COVID-19 along with the potential effectiveness of vaccines and other drugs used to treat it.
Alien Metals Ltd (LON:UFO) said it was encouraged by the results of a surface mapping and sampling programme carried out on its newly acquired Nueva Andromeda permit, strategically contiguous to the San Celso silver project in Zacatecas State, Mexico.
IQ-AI Ltd (LON:IQAI) said its subsidiary, Imaging Biometrics (IB), has received another grant award from the US National Cancer Institute (NCI). The company said the award, the third NCI grant IB has received within the last two years, is for around US$3mln in funding and will begin on April 15.
Gore Street Energy Storage Fund PLC (LON:GSF) is looking to raise funds in a placing and retail offer to help fund its development pipeline of 1.3 gigawatts and accelerating development of its existing portfolio.
Caledonia Mining Corporation PLC (LON:CMCL, NYSE:CMCL) lifted its quarterly dividend for the fifth time in 18 months and said it is confident of making further increases based on its outlook . It also brought its Central Shaft at the Blanket mine into operation.
88 Energy Ltd (LON:88E) said the results from the Merlin-1 well were encouraging for the potential at Project Peregrine, in the NPR-A region of the North Slope of Alaska, but operational issues dogged initial drilling.
Rosslyn Data Technologies PLC (LON:RDT) said its chief executive, Roger Bullen, is stepping down from the board with immediate effect but will remain available to the company for the next six months to provide transition assistance.
Oriole Resources PLC (LON: ORR) said it acquired a controlling stake in local holding company Reservoir Minerals Cameroon Sarl (RMC) for its early-stage exploration licences in Cameroon.
United Oil and Gas PLC (LON:UOG) has achieved a positive outcome in its drilling of the ASD-1X exploration well in the Abu Sennan concession in Egypt. In a separate announcement, the company said the Italian government has given environmental approval for the development of the Selva natural gas field concession in Northern Italy, in which United Oil and Gas owns a 20% economic interest.
US Oil & Gas Plc (USOP) announced it has submitted Notices of Staking (NoS) to the Bureau of Land Management (BLM) to drill three wells on the West Play of its acreage in Hot Creek Valley, Nevada.
Ncondezi Energy Ltd (LON:NCCL) said commissioning of its solar power project in Mozambique is on track to meet its revised June 2021 target and that a previously announced bridging loan is close to being finalised.
Zanaga Iron Ore Company (LON: ZIOC) said the re-costing exercise of Stage One of the Zanaga iron ore development project is being completed and is expected to be concluded around the middle of this month.
ZAIM Credit Systems PLC (LON:ZAIM) said its subsidiary Zaim Express LLC has entered into a loan agreement for an additional 50mln Russian roubles (£0.5mln) with a duration of 1.5 years and an annual interest rate of 15% payable monthly.
Mosman Oil and Gas Limited (LON:MSMN) has acquired an additional 20% interest in the Duff lease in Texas.
Metal Tiger PLC (LON:MTR) noted that further to its announcement of 15 December 2020, shareholders of Cobre Limited today approved the resolutions relating to a share purchase agreement that, once it has completed, will result in Metal Tiger owning a 59.57% economic interest in Kalahari Metals Limited, comprising a 49% direct interest and a 20.72% interest in Cobre, which in turn will have a 51% interest in KML. All conditions to the transaction have now been satisfied, save for final receipt of the change in control approval from the Minister of Mineral, Energy and Water Resources of the Republic of Botswana.
Amryt Pharma PLC (NASDAQ:AMYT, LON:AMYT) announced the appointment of Sheila Frame as President Americas, leading all aspects of product commercialization for the company in the Americas. Chief executive Dr Joe Wiley said: “Sheila is a very experienced biotech executive and brings a track record of success in commercializing products and leading commercial teams to Amryt. I really look forward to working with Sheila and I know she will play an important role in ensuring our innovative therapies reach patients in need.”
ReNeuron Group PLC (LON:RENE) said it will present at two upcoming online conferences: the Cell & Gene Meeting on the Mediterranean conference on 6-9 April 2021, and the Investing in Cures Summit, ‘Latest Advances from Clinical Trials and Industry Partnership’, on 12-17 April 2021. No new material will be disclosed at these events and the presentations will be available on the company website following the events.
XLMedia (LON:XLM) said it will raise a total of roughly £27mln before expenses through its previously announced placing, subscription and open offer, with 67,503,200 new shares allotted.