Proactive news headlines: Technology Minerals, AFC Energy, Litigation Capital Management, Ariana Res


Technology Minerals has made a key appointment ahead of its imminent float following the recruitment of former Grant Thornton senior partner Nigel Ruddock as chief financial officer

AFC Energy PLC (LON:AFC) (OTCMKTS:AFGYF) said it is expecting to announce “multiple new system orders” in the second half of 2021 alongside new product releases.

Litigation Capital Management Limited (LON:LIT) said it agreed a litigation finance deal with the liquidator of the electrical retailer Comet, who is pursuing a UK High Court case against its former owner, the French group Darty Holdings.

Mineral and Financial Investments Ltd (LON:MAFL) said it was encouraged by the latest drilling at the Lagoa Salgada zinc-lead-copper project in Portugal.

Savannah Resources PLC (LON:SAV) said it has joined the newly created Portuguese Association for the Battery Cluster as a founding member. The association has been created to maximize Portugal’s potential across the battery value chain and complement its strategically important lithium resources and its focus on becoming a European leader of lithium production.

Directa Plus PLC (LON:DCTA) said strong revenue growth seen in the first four months of 2021 has continued across the rest of its first half.

Tiziana Life Sciences PLC (NASDAQTLSA, LON:TILS) said it has signed a deal with contract research group FHI Clinical to carry out a phase II, proof-of-concept study on its nasally-administered antibody treatment for Covid.

Thor Mining PLC (LON:THR, ASX:THR) announced “highly significant” results from soil surveys at the Sterling Prospect, part of its Ragged Range gold project in Western Australia.

Galantas Gold Corp (LON:GAL, TSX-V:GAL) has strengthened its advisory board to help its management plan the future growth of the company.

Ariana Resources PLC (LON:AAU) said drilling results continued to confirm high grades from the Derya area of the Kiziltepe gold-silver mine in western Turkey.

Condor Gold PLC (LON:CNR, TSE:COG) hired a GR Engineering subsidiary as its lead engineer to develop a feasibility study level of design for a new processing plant at the La India project in Nicaragua.

Oracle Power PLC (LON:ORCP) is following up highly positive geochemical sampling results at the Jundee East gold project in Western Australia with a full geochemical survey set to start next week.

Capital Limited (LON:CAPD) notified that Brian Rudd, a founder and executive director of the company, sold 3mln shares at a price of 77p apiece, representing approximately 1.6% of the company’s issued share capital. The company will not receive any proceeds from the placing. Following the placing, the company said Rudd, with a 6.4% remaining stake, will “continue to be a substantial shareholder in the company and will remain fully aligned with its success”.


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