Proactive headlines: KR1, Shanta Gold, Cloudbreak Discovery…


() net asset value jumped five-fold last year as it reaped the benefit of the upsurge in interest in cryptocurrencies. NAV per share at the end of the year to December 2020 was 28.97p, compared to 5.72p a year as assets in the crypto investor’s portfolio jumped in value to £37.9mln from £7.5mln. Profits for the soared to £30.3mln (£1.15mln).

Shanta Gold Ltd () announced high-grade drilling results from the phase 1 drilling programme at its West Kenya project. Visible gold was identified in four different intersections across 15 holes drilled as part of the drilling programme conducted in April and May 2021 at the Isulu and Bushiangala deposits.

(), the natural resource project generator, said Imperial Helium Corp, in which it has a 1.25% stake, has received all required permits and approvals to commence drilling operations “as soon as practicable”.

() said it will continue its discretionary programme to buy ordinary shares of 0.5p each in the company for the next six-month period from 1 July 2021 to 31 December 2021, up to an aggregate value of £260,000.

() said it has completed its acquisition of Taylor Maxwell Group (2017) Limited, originally announced on June 2.

() said it believes that Tanzania’s gas sector is “unlocking” as it provided an operational update on work on the Ntorya gas discovery at Ruvuma alongside its final results for last year.

() said it has agreed to transfer professional Fortnite player Tai Starčič, also known as TaySon, to a Saudi Arabia-based esports team for a transfer fee of US$115,000.

() () said that due to delays caused by COVID-19, it now expects to announce and post its annual report for the year ended 31 December 2020 by the end of July 2021.

PLC () has made “a strong and positive start” to life as a publicly listed company, it told investors. The company, which listed in April of this year, expects 2021 to be a productive year for treating patients, developing new targeted formulations and growing its business.

has made a high profile appointment to its board ahead of its listing later this quarter.

Bacanora Lithium PLC () said on June 28, a possible cash offer for the firm by Ganfeng International Trading (Shanghai) Limited was approved at an EGM held by the latter. Ganfeng has offered to buy all the share capital in Bacanora it does not already own for 67.5p per share.

() said it has entered a US$10mln secured loan facility agreement with a syndicate managed by Tribeca Investment Partners, including the CNL Sprott Strategic Asset Fund and Paul Smith, the company’s chairman.

() said it is targeting the end of September or early October for obtaining a European CE marking for its Genedrive COV19-ID Kit.

Zoetic International (), the CBD specialist, said it was making significant operational and financial headway as it updated investors on progress.

()() said although the Open Finance and non-fungible token (NFT) markets are in their infancy, developments in the past year and a half have increased confidence in the company’s ability to generate credible revenue streams.

() has appointed life sciences industry veteran Iain Ross as chairman of the board with immediate effect.

() has reported initial results from the Phase 2 exploration programme at the Assaleyta project in Djibouti.

88 Energy Limited () said it has completed the sale of the Alaskan Oil and Gas Tax Credits held by its 100%-owned subsidiary, Accumulate Energy Alaska, for US$18.7mln in cash. The firm added that US$16.1mln of the proceeds have been used to pay its outstanding debt to FCS Advisors, and that it is now debt free.

() said ., a Nasdaq-listed lithium exploration and development company, has agreed to fully fund and fast track the Ewoyaa lithium project in Ghana for US$102mln.

() said it is hosting a virtual teach-in on its solid oxide electrolyser (SOEC) technology for analysts and investors at 3pm BST on Thursday.

. (LON:AEXG, TSXV: AEX) said it applied for a new exploration licence in the Kobberminebugt region of South Greenland covering an area of approximately 266 km2.

() said Derek Loh has decided to retire from the Board with effect from 30 June 2021, adding that it has also appointed Low Suk Ling as an independent non-executive director with effect from 1 July 2021.


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