Proactive news headlines: e-Therapeutics, Franchise Brands, MGC Pharmaceuticals…

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e-Therapeutics PLC said it expects to offer “early-stage business development opportunities to potential partners in the coming months” following successful lab testing of its lead technology.

Franchise Brands PLC (AIM:FRAN) said its performance was strong in its latest three months, driven by its commercial drainage business Metro Rod where sales jumped 32%.

Strategic Minerals PLC (AIM:SML) posted a 4% decline in sales from its Cobre magnetite operation in New Mexico, US for the year to end September 2021. Sales dipped to US$2.865mln (GBP2.084mln) from US$2.991 in the previous 12 months when sales spiked due to higher demand for reinforced concrete, which uses magnetite.

IronRidge Resources Ltd (AIM:IRR) will hold its annual general meeting on 18 November in Sydney, ahead of the proposed demerger of the company’s gold assets. The company proposes to demerge the gold into newly created unlisted vehicle Ricca Resources Limited, while IronRidge itself will be re-named Atlantic Lithium Limited.

Caerus Mineral Resources PLC (LSE:CMRS) has uncovered very high grade copper mineralisation across the target area at the flagship Troulli project in Cyprus, following a trenching and sampling programme focussed on residual metals in surface materials. The project is also the subject of a prospective Joint Venture involving Jubilee Metals Group and Bezant Resources.

ReNeuron Group PLC (AIM:RENE) said it has inked a collaboration agreement with University College London (UCL) where scientists are carrying out research on a new form of cancer treatment called cellular oncology.

Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) welcomed a quarterly update from Cobre Ltd (ASX:CBE) as its investee continued to focus on its diverse project portfolio in Australia and its investments in Botswana and Gabon.

Power Metal Resources PLC (AIM:POW) said an assessment of historic workings at its Athabasca Basin interests in northern Saskatchewan, Canada, has unearthed new metal indications, with the addition of new stakes now completed. Paul Johnson, chief executive, added: “Given the growing interest in Athabasca uranium projects of late, we believe the inherent value of our seven project portfolio has already appreciated greatly.”

NetScientific PLC (AIM:NSCI) has made a GBP300,000 investment into Sofant Technologies, a 5G and Satcom antenna developer based in Edinburgh. The investment will provide funding for new patented radio technology solutions developed by Sofant that address several major challenges facing wireless communication systems today, including soaring energy costs, NetScientific said.

Europa Metals Ltd (AIM:EUZ, JSE:EUZ, OTC:EOPAF) is raising up to GBP1.5mln by means of a placing and subscription of shares at 5p each, a discount of approximately 42.7% to the previous closing price. The fundraising is being conducted in two tranches, with the initial tranche issued under pre-existing share capital authorities and the second tranche subject to the requisite shareholder approval at the company’s forthcoming 2021 annual general meeting.

AfriTin Mining Ltd (AIM:ATM) said it has started exploration programmes designed to expand the historical resource and reserve estimates at its flagship Uis tin mine in Namibia and potentially increase the current lithium and tantalum inferred resource.

i3 Energy Plc confirmed it is preparing plans for an active phase of growth and development in Canada, where production has averaged 13,740 barrels oil equivalent per day in the third quarter.

Mosman Oil and Gas Ltd (AIM:MSMN) has confirmed the start of drilling at the Stanley-5 well in Polk County, East Texas.

88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has contracted Doyon Drilling Inc for the use of the Arctic Fox rig to drill the Merlin-2 appraisal well in Alaska.

Providence Resources PLC (AIM:PVR, OTC:PVDRF) told investors that the well site survey for the Barryroe project is now imminent.

MetalNRG PLC (LSE:MNRG) said that the EQTEC Italia MDC waste-to-energy plant is on track to be recommissioned in the second quarter next year as previously scheduled.

MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) rose on Tuesday after updating investors on its activities during the quarter.

Omni Egis is to delist from the Aquis exchange after deciding it is not commercial to raise funds at its current share price. Share and bondholder meetings will be held on 18 November 2021 to ratify the decision.

Oxford Cannabinoid Technologies Holdings PLC (LSE:OCTP) announced the appointment of Harbor Access LLC, a US strategic investor relations adviser, based in Stamford, Connecticut. Harbor Access will provide North American investor awareness support to the company, particularly in relation to the forthcoming admission to trading on the OTC QB Market expected in November.

Empyrean Energy PLC (AIM:EME) advised that it has received further notices to exercise warrants at an exercise price 12p per warrant over a total of 750,000 ordinary shares, for which funds of GBP90,000 have been received by the company.

Caracal Gold PLC (LSE:GCAT) announced the release of its updated corporate presentation today, which is now available on its website.


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