Energy News Today

Powerhouse Energy Group PLC, CentralNic Group PLC, Scotgold Resources Ltd, Ferro-Alloy Resources Ltd…

() said a second site using its waste-plastic-to-hydrogen technology is to be developed by its partner, Peel L&P, at the Rothesay Dock on the north bank of the River Clyde in Scotland.

CentralNic Group PLC () reported higher earnings for the first quarter of 2021 as it said “significant investment” in its management, staff and systems had accelerated organic growth to record levels.

() said Kevin Price and Alan Tomlinson have taken up their positions respectively as chief executive and finance director of the specialist castings and engineering group.

() said it has launched Only Mobile Gaming! (OMG!), a dedicated mobile gaming website, as the latest addition to its Gfinity Digital Media business.

() announced growing interest for offtake deals and strategic investments in its Mina do Barroso lithium project in Portugal.  

() said it is “executing on the plan” to develop its two key pre-clinical assets, while negotiations over out-licensing a third are ongoing.

() said it has signed a production contract with the UK’s Department of Health & Social Care (DHSC) to use the company’s MagnifEye artificial intelligence (AI) technology to read coronavirus (COVID-19) lateral flow diagnostics tests as part of the country’s asymptomatic testing programme.

Redx Pharma PLC (LON:REDX), the drug discovery and development company focused on cancer and fibrosis, said non-executive chairman Iain Ross is stepping down from his role as a director.

() has reported further strong growth, saying the business traded profitably in the first quarter of the current financial year.

() confirmed its acquisition of Red Globe Press from Macmillan Education Limited has completed. The consideration was £3.7mln, of which £1.8mln has been satisfied in cash on completion and up to £1.9mln will be paid when certain contracts are assigned.

() said it plans to demerge its gold assets in Côte d’Ivoire and Chad into a separate gold-focused listed company and hopes that this restructuring will unlock further value in its Cape Coast lithium portfolio.

() has announced the start of exploration activities in Eastern Europe through its interest in Western Tethyan Resources.

Scotgold Resources Ltd () said it has produced gold concentrate and gravity separated gold doré from the Cononish gold project in Scotland following the previously announced resolution of various technical issues affecting the processing plant. The first shipment of concentrate, a major milestone for the company, was made on May 11. 

() said it plans to raise about £2.0mln, before expenses, via a placing and will use the majority of the proceeds to fund the next stage of exploration development on its copper/silver licences in the Kalahari Copper Belt of Botswana. 

’s () Greenfield Energy joint venture has now received a draft front-end engineering and design (FEED) study for its oil sands project in Utah.

Chariot Oil & Gas Limited () said it expects to imminently complete its acquisition of Africa Energy Management Platform (AEMP).

i3 Energy Plc (LON:I3E, ) is doubling up in Canada with a deal to acquire a further 49.5% interest in the South Simonette oil property, taking its stake to 99%.

() shares were boosted as it banked investment from Vision Blue Resources, named its next chairman and provided an update on its Balausa vanadium concentrate project in Kazakhstan.

() updated on its progress with its first commercial and industrial battery project in Mozambique.

() announce that it has received notice of the exercise of warrants with aggregate gross proceeds amounting to £235,015.

() will hold its annual general meeting on Thursday 24 June 2021. In light of Covid-19 the meeting will be closed to the public and the company will provide access through the Investor Meet Company platform.

() announce that the AGM of the company will be held in Australia on 30 June 2021. The board anticipates that this year’s AGM will be purely functional in format to comply with the relevant legal requirements, but strongly recommends all shareholders exercise their right to vote in favour on all proposed resolutions by submitting an online proxy appointment form.

() executive chairman David Ciclitira has increased his holding to 25% through the conversion of a further £30,000 of a loan into shares. Following conversion, £90,823 of the loan will remain outstanding.

Read More: Powerhouse Energy Group PLC, CentralNic Group PLC, Scotgold Resources Ltd, Ferro-Alloy Resources Ltd…

2021-06-01 09:31:00

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