Proactive news headlines: Ceres Power, Corero Network Security, XLMedia, Iconic Labs…

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Ceres Power Holdings PLC (LON:CWR) said it has signed a collaboration agreement with Austrian powertrain specialist AVL List that will see the two companies work together on licensing solid oxide fuel cells technology.

Corero Network Security PLC (LON:CNS) said it took more than US$3mln in orders in October and November.

XLMedia PLC (LON:XLM) said it has made a significant step in its expansion into the US sports market with the acquisition of sports gaming and betting business CBWG Sports.

Iconic Labs PLC (LON:ICON) hailed what it said is “material positive progress” in its business activity across the second half of 2020, with contracted revenues now exceeding £135,000 per month compared to £0.1mln for the past year.

Coinsilium Group Limited (LON:COIN) (OTCQB:CINGF) said it has entered the virtual asset and digital collectable market through a technical development and support deal with Vietnamese firm RedFOX Labs.

Primary Health Properties PLC (LON:PHP) has agreed to acquire its management company Nexus Tradeco for £33.1mln in cash and shares, which is expected to save around £4mln per year in costs, boost earnings per share and allow the payment of higher dividends.

Greatland Gold PLC (LON:GGP) has revealed a maiden mineral resource for the Havieron deposit in Western Australia of 4.2mln ounces of gold equivalent, with drilling in four target regions holding the possibility to grow the resource further.

Thor Mining PLC (LON:THR) said it has identified significant magnetic targets from the airborne survey at its Ragged Range Project in Western Australia, with the Sterling prospect approximately 5km long and between 300 and 500 metres in width.

Union Jack Oil PLC (LON:UJO) told investors that its 16.665% owned West Newton B1Z appraisal well, in Yorkshire, has encountered a substantial hydrocarbon column that de-risks the project and is described by the company as “a significant step forward” towards development.

Empire Metals Ltd (LON:EEE) has exercised its option to acquire 75% of the Eclipse gold project in Western Australia.

Caledonia Mining Corporation PLC (LON:CMCL) said it has entered into an option agreement regarding the Glen Hume area. The property is located in the Gweru mining district in the Zimbabwe Midlands that has historically produced significant quantities of gold, the miner said.

Irish explorer Arkle Resources PLC (LON:ARK) in an operations update told investors that trenching has begun at the Inishowen project, in Donegal, as it aims to unearth expansions of gold veins discovered in 2016.

SolGold plc (LON:SOLG) announced that drilling is underway at the Tandayama-America Porphyry Copper-Gold target at the Cascabel project in northern Ecuador.

Oracle Power PLC (LON:ORCP) said after the completion of the field based exploration programme at the Northern Zone gold project, results from the lab are expected in the coming weeks and a maiden drilling campaign is planned for early 2021.

Zephyr Energy PLC (LON:ZPHR) continues its countdown to the start of drilling later this month, with the State 16-2 well in Utah’s Paradox basin “firmly on track” to spud by December 31.

Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) told investors that the Beetaloo joint venture partners have decided to carry out necessary intervention work in the recently drilled Kyalla 117 well without delay.

Netscientific PLC (LON:NSCI) shares rose as its 95%-owned portfolio firm ProAxsis has been awarded a grant from Innovate UK that it said will co-fund a £390,000 project to develop novel protease biomarkers to identify high-risk coronavirus (COVID-19) patients.

Vast Resources PLC (LON:VAST) has received the cash proceeds from the first commercial sale of concentrate produced at its Baita Plai polymetallic mine in Romania.

Shield Therapeutics PLC (LON:STX) provided investors with an update on the status of its efforts to commercialise its Accrufer iron deficiency treatment in the US market.

Bahamas Petroleum Company PLC (LON:BPC) on Thursday updated on an application to the Supreme Court of The Bahamas, made by activists, seeking a  judicial review of the government’s decision in February to grant environmental authorisation for the imminent Perseverance exploration well.

ADM Energy PLC (LON:ADME) announced the completion of its transaction to acquire an additional 2.25% interest in OML 113, taking its stake to 4.9% and expected net share of production to 196 barrels of oil per day.

Induction Healthcare PLC (LON:INHC) said it has a strong sales pipeline that will provide a “solid foundation” for future growth as it provided a progress report alongside its interim results.

C4X Discovery Holdings PLC (LON:C4XD) said it had made significant headway over the past year and it expects more progress on its key programmes in 2021. The company had net cash at 30 November 2020 of £17.3mln after raising £24.2mln over past 15 months.

FastForward Innovations Ltd (LON:FFWD) has reported growth in the value of its net assets in the first half of its current year. For the six months to September 30, the AIM-listed group reported a net asset value (NAV) of 9.43p per share during the period compared to 8.82p at the end of March, while total investment gains for the half-year stood at £1.46mln.

Salt Lake Potash Ltd (LON:SO4) told investors it has made arrangements to raise A$48mln through a share placing. Additionally, the company also seeks to raise a further A$5mln via a share purchase plan.

Adamas Finance Asia Ltd (LON:ADAM) has appointed Hybridan LLP as its sole corporate Broker with immediate effect.

Faron Pharmaceuticals Oy (LON:FARN, First North: FARON) said researchers will deliver virtual presentations assessing trial data for its lead drug and discussing new thinking on tumour targeting. 

Emmerson Plc (LON:EML) said it will be presenting at the UK Investor Magazine Virtual Investor Conference next Tuesday, December 15. The Morocco-focused potash development company’s chief executive, Graham Clarke, will give a presentation at 12pm on recent progress and a summary of the work programmes ahead at its Khemisset potash project, where early construction work is targeted to start in late 2021.
 

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