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Proactive news snapshot: Sirius Minerals, AFC Energy, Location Sciences …

A glance at some of the day's highlights from the Proactive Investors newswire
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Sirius Minerals PLC (LON:SXX) has this morning launched a ‘markets-led’ Stage 2 project financing which aims to fund the Yorkshire mine development project to completion. The US$3.8bn financing will comprise a US$400mln equity raise, a US$644mln issue of convertible bonds, a US$500mln senior secured bond issue and a credit facility up to a maximum of US$2.5bn.

AFC Energy PLC (LON:AFC) has signed a deal with one of Europe’s largest manufacturers of electric vehicle (EV) charging points to create systems using AFC's fuel cell technology. It and Rolec Services hope to showcase the first demonstration product in the second half of the year.

Location verification specialist Location Sciences Group PLC (LON:LSAI) has partnered up with US group SITO Mobile Ltd (NASDAQ:SITO), which will become the first data supplier to use Location’s Verify platform.

MTI Wireless Edge Ltd (LON:MWE) has said it will deploy a tethered balloon system as part of a US$1.4mln deal for installation and integration support services.

Anglo African Oil & Gas PLC (LON:AAOG) told investors that it has received a letter formally offering a new licence to the company’s subsidiary Petro Kouiliou. The new licence will cover the producing Tilapia oil field.

Botswana-focused minerals explorer Kavango Resources PLC (LON:KAV) is looking ahead to an “exciting” 2019 following a “very busy” nine months or so since going public. The company only joined the standard segment of the London Stock Exchange at the end of July, but it has already achieved “several significant milestones”, said chief executive Michael Foster.

Thor Mining PLC (LON:THR) (ASX:THR) has released interim results from drilling at the Bonya tungsten deposits, adjacent Molyhil, in the Northern Territory of Australia. The Bonya project is held in 40:60 joint venture with Arafura Resources Ltd (ASX:ARU), with both parties contributing to the cost of the program in proportion to their project equity.

C4X Discovery Holdings plc (LON:C4XD) confirmed it is in confidential discussions with “multiple” potential partners for a promising drug programme. Its NRF-2 activator that could help treat chronic obstructive pulmonary disease and pulmonary arterial hypertension as well as sickle cell disease.

Property group Custodian REIT PLC (LON:CREI) blamed the woes of the high street for a dip in net asset value in the past three months. Rental values (ERV) fell at 17 of its 33 high street properties, said the trust, though it sees potential to recover some of this through ongoing lease re-negotiations.

Frontier IP Group Plc (LON:FIPP) has been selected as a partner in a major European project to boost research into the continent’s marine economy.

Diversified Gas & Oil PLC (LON:DGOC) is to carry out a share buyback programme over the next 12 months. The US-focused oil and gas group said the programme will allow it to buy a maximum of about 54.3mln shares while also maintaining its current dividend policy.

Australian gold giant Newcrest (ASX:NCM) has now begun work on the Havieron gold property owned Greatland Gold PLC (LON:GGP), after it signed a major earn-in deal earlier this year. Newcrest has the right to acquire up to a 70% interest in a 12 block area by spending up to US$65mln. Big Pic in March.

Aminex PLC (LON:AEX) told investors it continues to seek the completion of its farm-out deal in Tanzania which will unlock new funds and see operations advance to the drilling of the Chikumbi-1 well. The company, in its results statement for 2018, also highlighted that its cost reduction programme is underway following a recent review of corporate overhead costs, and, it ended the period with US$1.86mln

Chaarat Gold Holdings Ltd (LON:CGH) has appointed Darin Cooper as chief operating officer. Cooper has more than 30 years' experience in the metals and mining industry, most recently as head of mining at Fusion Capital, a Swiss investment firm.

European Metals Holdings Ltd. (LON:EMH) (ASX:EMH) ended the quarter to March with A$1.32mln cash in the bank. The company completed a significant amount of drilling on its Cinovec lithium project during the period.

Salt Lake Potash Ltd (LON:SO4) ended the quarter to 31 March 2019 with A$6.8mln cash in hand. The company’s estimated expenditure for the current quarter was put at A$6.2mln, of which A$2.5mln is earmarked for exploration and A$2.5mln for development work. Big Pic in February.

Curzon Energy PLC (LON:CZN) chief executive Scott Kaintz has highlighted the group’s evolution into “a leaner and more focused entity”. During the year the company changed its focus onto upstream North American natural gas appraisal and development assets, inking an agreement with Pared Energy to pursue a potential multi-TCF gas project in Texas. Big Pic in March.

Bluejay Mining PLC (LON:JAY) has submitted the environmental impact assessment (EIA) for its Dundas ilmenite project in Greenland. The EIA is a key part of the application for a full mining licence as it allows authorities to understand the potential impact of a project within the licence area as well as the broader region.

W Resources PLC (LON:WRES) has highlighted the progress at the La Parrilla mine which is moving towards large scale production levels. The company, in its results statement for 2018, noted several key milestones for what was a busy and eventful year at La Parilla.

Red Rock Resources PLC (LON:RR), the natural resource development company with interests in gold and steel feed materials, said its investee company Jupiter Mines Limited (ASX:JMS) has reported an 88% jump in consolidated pre-tax profit to A$192.026mln for the year ending 28 February 2019. Red Rock has a holding of 18,524,914 shares in Jupiter Mines, equivalent to 0.95% of its issued share capital.

Cadogan Petroleum PLC (LON:CAD) told investors that the Blazh-10 well has continued to improve during clean-up. Production has now increased to around 385 barrels of oil per day, up from 150 bpd earlier this month. Big Pic in February.

KRM22 PLC (LON:KRM), the AIM-listed technology and software investment company focused on risk management for capital markets, has announces the appointment of Garry Jones as an independent non-executive director of the company. It noted that Jones has over 35 years' experience in financial services and has been CEO of three of the largest derivatives and OTC exchanges in Europe: BrokerTec, LIFFE and the London Metal Exchange. The group said Jones will replace David Ellis who is stepping down from the board with immediate effect to focus on other business commitments and a relocation to the United States.

discoverIE Group PLC (LON:DSCV) a leading international designer, manufacturer and supplier of customised electronics to industry, has announced the appointment of Clive Watson as a non-executive director with effect from 2 September 2019. It noted that Watson recently retired as group finance director of Spectris plc (LON:SPS), the FTSE 250 measurements and controls business.

Seeing Machines Limited (LON:SEE) said Tim Crane has resigned as a non-executive director of the company with effect from 30 April 2019 under the agreed term of appointment between Seeing Machines and Caterpillar Inc. The company pointed out that Crane will continue his relationship with Seeing Machines, becoming a member of the group's newly established Technical Advisory Council.

Sareum Holdings PLC (LON:SAR), the specialist small molecule drug development business, announced that its CEO, Dr Tim Mitchell, will give a company presentation at BioTrinity 2019 in London, which takes place from 30 April-1 May. The presentation, to be held today at 11:05am BST, will introduce Sareum and provide an overview of its lead programmes.

Ariana Resources PLC (LON:AAU), the exploration and development company with gold mining operations in Turkey, noted that, further to its announcement on 8 April 2019, its board will be hosting a shareholder update evening and presentation, followed by a Q&A session today, 30 April 2019, at 6:00 pm, at 1 America Square Conference Centre, 17 Crosswall Street, London EC3N 2LB.

Physiomics Plc (LON:PYC), a provider of technology-based solutions to predict the effects of cancer treatment regimens for the biopharma industry, said it presented today at the BioTrinity 2019 annual conference in London. It added that the presentation is available on the "resources" section of its corporate website.

Rose Petroleum PLC (LON:ROSE), the AIM-quoted natural resources business, announced that an updated version of its corporate presentation is now available on the company's website.

Eight Peaks Group PLC (LON:8PG) has convened a general meeting for 16 May 2019 to consider the proposed cancellation of the trading in the group’s ordinary shares on AIM and its re-registration as a private limited company. The firm said its directors consider these proposals to be in the best interest of shareholders after considering, amongst other things, the costs of maintaining trading on AIM and the limited free float and liquidity in the ordinary shares.

Chagala Group Ltd (LON:CGLO) is to delist from the London Stock Exchange, citing demands on management time and the regulatory burden as the principle reasons.


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