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Pharma & Biotech
Coronavirus
Cannabis
Battery Metals
Psychedelics
Pharma & Biotech
Coronavirus
Cannabis
Battery Metals
Psychedelics
08:45 Thu 06 Oct 2022
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Provacan, a leading UK brand of CBD oils and the flagship brand of CiiTECH Ltd, has announced plans to launch a range of product-focused NFTs and metaverse platform to engage with customer and investors.
The company said creating a web3 experience will give owners of its NFTs a “real chance to become part of the company, and get free CBD”.
Emmerson’s best-in-class Khemisset MOP (Muriate of Potash) project in stable, mining-friendly Morocco has had its credentials franked even more by the recent shortages of fertiliser.
Khemisset’s myriad advantages should result in highly competitive delivered costs to Atlantic Corridor markets and superior returns.
Ferro-Alloy Resources (FAR), backed by Sir Mick Davis, has the potential to become one of the world’s largest and greenest primary vanadium producers, with negative costs after by-product credits, Liberum has suggested.
Last month, FAR raised US$10m to ensure that results from the expanded Feasibility Study (FS) on Phase 1 of the flagship Balausa project in Kazakhstan can be available by mid-2023 with “maximum scope and quality”.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, ASX:A11) was handed a ‘buy’ rating by investment bank Liberum following last month’s results from its pre-feasibility study (PFS) on its Ewoyaa spodumene project in Ghana.
Liberum dished out a 46.0p target price for the lithium-focussed explorer and developer, representing an almost 25% premium to its Thursday afternoon value of 37.0p. Its shares were up 4.5% on the day.
Caledonia Mining Corporation PLC is the “pick of the African golds sector”, said analysts at Liberum, which held its buy rating on the stock with a target price of 1,319p.
In July, the Zimbabwe-focused mining company announced the conditional acquisition of the Bilboes gold project which could prove “potentially transformative”.
Shanta Gold has been delivering exceptionally well on the exploration front, says Liberum, but the market has been more focused on the disappointing operational performance from the New Luika mine.
The broker, though, says the company is now through the weak grades and production will lift materially from 52,000oz over the past 12 months to more than 100,000oz by first quarter 2023.
Trident Royalties is rated a buy by Liberum, which sees 20% annual revenue through to 2028 and exposure to commodities without the miners’ cost inflation.
The broker is gloomy over the mining sector generally but sees specific companies, such as Trident, as having appeal.
First-half numbers from CMC Markets PLC (LSE:CMCX) were better than expected, according to analysts, with some potential upside seen in the second half of the year.
Broker Shore Capital said it was a positive trading update, with the performance in the core CFD business “better than we expected”, while noting that cost guidance was maintained.
Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) jumped 11% after it inked an exclusive collaboration deal with Magna International (TSX:MG), the Canadian auto parts maker, which brings with it US$65mln of investment.
The pair have agreed to jointly develop and co-market a driver and occupant monitoring system based on Seeing Machines’ AI-based eye-tracking technology.
Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) jumped 11% after it inked an exclusive collaboration deal with Magna International (TSX:MG) (Magna International (TSX:MG)), the Canadian auto parts maker, which brings with it US$65mln of investment.
The pair have agreed to jointly develop and co-market a driver and occupant monitoring system based on Seeing Machines’ AI-based eye-tracking technology.
“Uis really is a once-in-a-lifetime asset,” says Anthony Viljoen, the chief executive of AfriTin Mining Ltd (AIM:ATM, OTC:AFTTF).
He’s just completed a US$22.8mln fundraising to take Uis to the next stage of its development, and it looks like being quite a ride.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF)’s acquisition of Mogale Gold Proprietary and Mintails SA Soweto Cluster from Mintails SA is a “significant step forward” for the group’s medium-term growth profile, according to broker Peel Hunt.
The deal, which was closed today, will see Pan African Resources paying R50mln (approximately US$2.8mln) for the company.
BATM Advanced Communications Ltd (LSE:BVC) is “delivering strong progress”, said analysts at Shore Capital.
Shore Capital believes the cyber security solutions company presents a “profitable high-growth opportunity to investors across a span of technologies”.
Jefferies reckons ANGLE PLC (AIM:AGL, OTCQX:ANPCY) is primed for commercialisation and has a cash runway that takes it well into 2024.
In a note, the bank, which is well regarded in the healthcare space, said shares in the diagnostics specialist were worth 170p each. Its ‘upside scenario’ is 365p, and the ‘downside scenario’ is 55p.
IQGeo Group PLC (AIM:IQG)’s three contract wins “highlight the opportunity from the summer acquisition of Comsof”, said finnCap, which kept its forecasts and 165p target price unchanged.
Analysts at the bank said the two contracts announced in the US demonstrate the need for automated design and planning fibre rollouts, especially in the States.
Poolbeg Pharma PLC (AIM:POLB, OTCQB:POLBF) said its chief executive Jeremy Skillington has bought 718,733 shares in the drug developer for 4.78p each.
Investors view share purchases of this kind favourably as they are seen as aligning management and shareholders’ interests with the former viewed as having ‘skin in the game’.
Custodian REIT PLC (LSE:CREI) said it has appointed real estate consultancy group Jones Lang LaSalle as its environmental, social and governance (ESG) advisor.
JLL’s mandate is to help the property investment group improve the energy performance of its buildings, reduce energy usage and emissions, and better understand environmental risks and opportunities.
Mila Resources PLC (LSE:MILA) has raised approximately £696,000 through a placing at 3p per share plus a warrant.
The funds raised will be used for further exploration of the Kathleen Valley gold project in Western Australia and in particular to complete 2,400 metres (m) of drilling in addition to environmental and heritage works.
Pan African Resources has closed the transaction to acquire Mogale Gold Proprietary and Mintails SA Soweto Cluster from Mintails SA.
The purchase cost was R50mln (approximately US$2.8mln), said the South Africa-based gold miner.
Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF) told investors it has completed the early refinancing of its next major debt expiry, a €170mln facility, just over a year ahead of its due date.
The investor in flexible workspace in Germany and the UK now has a new seven-year, €170mln facility with the same lender, Berlin Hyp AG, at a fixed interest rate of 4.26%, which will replace and redeem the existing facility upon its expiry at the end of October 2023.
Bidstack Group PLC (AIM:BIDS, OTC:FTBGF) has launched a £10mln equity fundraise as it seeks to develop new software and support working capital as it progresses its product strategy, R&D and commercial growth.
The in-game advertising company, in a statement after Wednesday’s close, said it plans to develop a platform that will allow its commercial rights holder clients to have direct control of the ad content that appears in their intellectual property.
Eckoh PLC (AIM:ECK, OTC:EKTPF) has reported orders are currently running at more than £17mln or 50% higher than the previous year and in line with expectations for the first half of the year and previous guidance.
Momentum is being driven in particular by renewed activity in the US, said the payments and call centre software specialist.
CMC Markets PLC (LSE:CMCX) said it expects first-half profits will be up 21% as high market volatility drives client trading volumes and announced that it has just launched its new UK investment platform that it sees as a “major opportunity for growth and diversification”.
The FTSE 250-listed online broker expects net operating income to be roughly £153mln for the six months to 30 September 2022, up from £127mln a year earlier and faster growth than the 12% seen in the last full year.
Vast Resources PLC (AIM:VAST) said it has signed an exclusive offtake agreement with trading giant Trafigura for production from the Takob mine in Tajikistan.
Trafigura will purchase bulk concentrate with lead, zinc, gold and silver as the payables under a market standard priced contract.
IQGeo Group PLC (AIM:IQG) announced three contract wins for its geospatial and Comsof software worth US$6.5mln.
Two contracts were signed with top-10 US-fibre network operators, the developer of software for telecoms and utility companies said in a statement.
BATM Advanced Communications Ltd (LSE:BVC) has promoted its chief financial officer Moti Nagar to the role of chief executive officer with effect from 1 January next year.
Nagar will succeed Zvi Marom, who is stepping down as CEO, although he will remain on the board as a non-executive director, the company said in a statement.
Chaarat Gold Holdings Ltd (AIM:CGH) announced, in a statement, the extension of secured convertible loan notes from 31 October 2022 to 31 July 2023, after the company received consent from note holders.
Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) formally declared a fourth quarter interim dividend, 1.625p per share, which will be paid to shareholders on 25 November (ex-div date 13 October, record date 14 October).
Tower Resources PLC (AIM:TRP) told investors that it will give a presentation at Africa Oil Week Conference held in Cape Town, and, it is making available copies of the presentations for download from its website.
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