Mexican operator, izzi is to use Mirada’s Iris technology in a custom launcher for Android (the operating system) TV.
Through Mirada’s custom launcher for the Android TV Operator Tier, izzi ‘ s subscribers will be able to enjoy live and on-demand content with all the advanced features of Iris, in addition to the advantages that come with the Android environment, including access to Google Play Store, applications such as Netflix and YouTube and the built-in Chromecast digital media player.
10.00am: United Carpets wipes the floor in the third quarter
The floorings retailer cautioned, however, that it expects further challenges to arise from COVID-19 and Brexit.
Sales were up 24% year-on-year in the 19 weeks to October, with the retailer saying it recovered “much of the ground lost during lockdown” when stores were closed for two months.
9.00am: Metals Exploration tops the risers on return from suspension
The company’s existing loan documentation has now been replaced by a new senior debt facility, a mezzanine debt facility and revolving credit facility, on the terms set out in the company’s announcement of September 11. READ Proposed Conditional Debt Restructuring Agreement
As a result of the restructuring, the company will no longer be subject to set fixed principal and interest repayment schedules and will no longer be in default with its lenders.
Meanwhile, Alien Metals Limited (LON:UFO) shot up 12% to 1.9p after it was awarded a 208 km2 exploration licence in northern Greenland.
The licence area surrounds the world-class Citronen zinc-lead project owned by Ironbark Zinc Limited, licence number 2020-44.
“The company and its advisers continue to assess new projects and identified an opportunity to secure an exploration footprint in northern Greenland on strike and adjacent to the world-class undeveloped Citronen zinc-lead project. Greenland is known for its low-sovereign risk, prospective geology and great potential in the resource sector,” said Bill Brodie Good, the chief executive officer of Alien Metals in a statement.
Completing a win treble for exploration companies, Ferro-alloy Resources Limited (LON:FAR) climbed 9.2% higher to 11.85p after the company made its first commercial production and sale of calcium molybdate.
The vanadium mining and processing company said molybdenum will be extracted as a by-product from the same raw materials that the company buys for the extraction of vanadium so there will be no additional raw-material costs.
Nevertheless, the impact on revenues and earnings will be significant in the context of the current processing operation, it added.
Proactive news headlines:
Alien Metals Ltd (LON:UFO) has been awarded a 208 square kilometre exploration licence in northern Greenland, surrounding the world-class Citronen zinc-lead project owned by Ironbark Zinc Ltd. Citronen hosts a resource in excess of 13 billion pounds of contained zinc and lead metal and is one of the largest undeveloped zinc-lead projects globally Alien will soon commence a detailed review of historical data available over the project area. Meanwhile, IBK Capital has begun a marketing process for the company’s San Celso and Los Campos silver projects in Mexico, following the recent transaction with Capstone Mining over Donovan 2, also in Mexico.
Ferro-Alloy Resources Ltd (LON:FAR) has made its first commercial production and sale of calcium molybdate. Calcium molybdate (CaMoO4) is used in the production of ferromolybdenum, molybdenum-containing alloys, ceramics and direct alloying of steel and alloys with molybdenum in electric arc furnaces. The molybdenum content of calcium molybdate is sold on the pricing basis of molybdic oxide less a small discount. The molybdenum will be extracted as a by-product from the same raw materials that the company buys for the extraction of vanadium so there will be no additional raw-material costs. The company said it is in discussions with potential off-takers and expects to sign a long-term contract shortly.
Quadrise Fuels International PLC (LON:QFI) said it has now completed a pilot trial of its alternative diesel fuel, MSAR, at an international chemical group customer’s plant in Morocco. Coronavirus (COVID-19) restrictions in Morocco have been eased, which has allowed access to the plant, it noted. Detailed plans are now being discussed for an industrial-scale MSAR trial at another of the client’s sites that will start in early 2021 ahead of commercial-scale phase 2 trials.
Sensyne Health PLC (LON:SENS) said it has signed a non-exclusive strategic research agreement (SRA) with Milton Keynes University Hospital NHS Foundation Trust (MKUH) to enable the ethical application of clinical artificial intelligence (AI) research to improve patient care and research into new medicines. The AIM-listed firm said the five-year deal will see a dataset covering 650,000 unique patient records, with 55,000 annual hospital admissions from a patient population of approximately 350,000, added to its own anonymised dataset, increasing its size to 4.5mln patients. In return, MKUH will receive around 1.43mln shares in Sensyne as well as an investment of up to £250,000 per year from the company over the five-year term of the contract for specific investments in information technology to enable the curation and analysis of data.
Mosman Oil and Gas Limited (LON:MSMN) said it has executed contracts to acquire an additional 80.83% working interest of the Cinnabar Lease in East Texas for a cash consideration of US$62,500, increasing Mosman’s working interest to 97%. The Cinnabar Lease is a 348.83 acre lease ‘Held By Production’, which forms part of the Challenger Project in which Mosman has a 16.17% working interest. The Challenger Project is located in East Texas, between Mosman’s Stanley and the Champion Projects where drilling has just been completed at the Falcon-1 well.
Eckoh PLC (LON:ECK) said it traded in line with expectations in the first half of its financial year, with the second quarter seeing a return of momentum. The customer contact and secure payments specialist said the April-June quarter was “unsurprisingly challenging for new business” as countries went into lockdown mode to combat the coronavirus (COVID-19) pandemic but things started to pick up in the July-September quarter, particularly for US secure payments contracts delivered in the Cloud.
Directa Plus PLC (LON:DCTA) said it has signed a non-binding memorandum of understanding with NexTech Batteries, a company in the field of Lithium Sulphur batteries based in Nevada. Under the agreement, Directa will supply NexTech with its pristine graphene nanoplatelets, a key raw material for manufacturing the cathode of Lithium Sulphur batteries. The graphene specialist said it has agreed with the US firm to form a steering committee responsible for establishing an action plan together with timelines for all relevant activities under the agreement. Subject to the achievement of minimum sales orders, Directa Plus said it granted NexTech an exclusivity period of five years in the field of Lithium Sulphur batteries.
Allergy Therapeutics PLC (LON:AGY) said the screening of the first patient in an exploratory field study of its short-course grass allergy inoculation has begun. Its Grass MATA MPL treatment has been designed as an aluminium-free, allergen-specific immunotherapy to address the cause of allergic rhinoconjunctivitis due to grass pollen. The field study is a double-blind, placebo-controlled, randomised clinical assessment of 150 patients over 12 sites in Germany and the US.
H&T Group PLC (LON:HAT) has named recently appointed executive director Chris Gillespie as its chief executive from January 1, 2021. Gillespie only joined the pawnbroking firm in September having previously been managing director of the Consumer Credit Division of Provident Financial PLC (LON:PFG) since 2017. He has also held senior positions with Madison CF UK, Amigo Loans Ltd and Albemarle & Bond. Gillespie is replacing John Nichols, who is retiring on December 31, 2020, after nearly 24 years of service with the group.
Coinsilium Group Limited (LON:COIN) has highlighted a number of initiatives from its portfolio company Indorse, in which it holds a 10% interest and around 5.79mln IND tokens representing 15.37% of the circulating supply. The blockchain and crypto finance venture group said Indorse has now released its Indorse 2.0 Light-Paper which provides the specifications relating to its updated token utility model. Coinsilium said the Light-Paper reinforces the IND token as the core element powering the Indorse ecosystem through the creation of new roles and the introduction of staking rewards.
Galantas Gold Corporation (LON:GAL) (CVE:GAL) is carrying out a review of its exploration work at the Omagh gold mine in Northern Ireland, with a view to updating is technical report on the property. Part of the proposed work may involve a core drilling program, the group added. A report published in May 2020 indicated enhanced drilling opportunities, with the potential to expand and further define the resource base local to the mine development.
DeepVerge plc (LON:DVRG), the bacteria specialist formerly-known as Integumen on Friday responded to press commentary about increased testing of sewage for the presence of coronaviruses. The company noted that wastewater treatment sites in England, Wales and Scotland will start to increase their testing, with the aim of creating an early warning system to detect local outbreaks of coronavirus (COVID-19) before they spread. DeepVerge noted it has been working with multiple universities and wastewater utilities since June this year on COVID-19 related projects. The company is involved in many projects in the UK, Ireland, Italy, Michigan, US, Shanghai, China and Japan.
Tiziana Life Sciences PLC (NASDAQ:TLSA) (LON:TILS), a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, said it has allotted and issued 329,225 ordinary shares of 3p each credited as fully paid at a price of 35p per share in respect of the exercise of 329,225 options with an exercise price of 35p held by option holders, including 169,225 held by Gabriele Cerrone, executive chairman of the company and 5,000 held by Keeren Shah, its finance director. The aggregate interests of Cerrone in shares and voting rights accordingly increase by 169,225 shares to 66,224,893 representing approximately 34.16% of the enlarged issued share capital.
AfriTin Mining Ltd (LON:ATM is continuing the ramp-up at its Uis tin mine in Namibia. The group said tin concentrate production in September 2020 increased to 39 tonnes, which contained 27.5 tonnes of tin. The company remains on track to achieve nameplate production of 60 tonnes a month of tin concentrate, containing 36 tonnes of tin, by the end of 2020.
Advanced Oncotherapy PLC (LON:AVO) said it is raising £7.7mln to strengthen its balance sheet as it prepares to make fully operational its next-generation proton beam therapy technology. Clients of SI Capital are investing in the business via a direct subscription in shares at 30p each (a modest discount to the 30-day average price). Advanced Oncotherapy said the cash injection will help as its technicians work on “progressing the assembly, documentation, verification and validation activities” ahead of the commercial unveiling of its LIGHT system next year.
Vast Resources PLC (LON:VAST) said it continues to expect a JORC reserve & resource report for its Baita Plai project in Romania by the end of this week as it raised funds to boost its working capital balance. The AIM-listed group said it has raised around £1.75mln through the placing of 1.09mln shares at a price of 0.16p each, an 11.1% discount to its closing price last Friday. Vast said the funds will be partly used to replenish its working capital on account of cash settling the conversion notice issued by Atlas Special Opportunities earlier this month, adding that the funds will also ensure it has sufficient cash to cover the period of time until it receives payment in full from the first sale of copper concentrate to Mercuria.
Bezant Resources PLC (LON:BEZ) has announced new appointments to its board and issued a half-year report that said the period was one of consolidation and acquisition, with its focus shifting to Southern Africa. The group is not yet at the revenue stage but the group’s executive chairman, Colin Bird, said the board “feels very confident with the underlying quality of our project portfolio in copper and gold since they are in metals which have short and mid-term strong potential”. In a separate announcement, the copper-gold exploration and development company said Raju Samtani and Ed Slowey will be joining the board with immediate effect, as finance director and technical director, respectively.
Canadian Overseas Petroleum Limited (LON:COPL) has said the settlement date for the agreement between its 50%-owned joint venture Shorecan and Essar Mauritius over the OPL 226 prospect has been extended until January 29, 2021. Completion of the agreement is subject to the Nigerian National Petroleum Corporation (NNPC) granting an extension of the exploration period for the OPL 226 licence beyond September 30, 2020. Application for an extension was submitted in early June but coronavirus (COVID-19) restrictions on travel and meetings have delayed the process, COPL said in a statement.
CMC Markets PLC (LON:CMC) has announced the appointment of Peel Hunt as its joint corporate broker with immediate effect. Peel Hunt will work alongside the group’s existing corporate broker RBC Capital Markets
Shanta Gold Limited (LON:SHG) announced late afternoon Friday that its “significantly oversubscribed” was supported by both existing shareholders and new investors. The exploration group said that, as a result of the significant demand generated during the bookbuild process, the participants in the placing agreed on a pro-rata basis to take part in a secondary trade to acquire 54,650,211 ordinary shares owned by Barrick Gold Corporation at the issue price. The Barrick shares represent 6.4% of the company’s existing issued share capital. Following completion of the secondary trade Barrick Gold will no longer have any beneficial interest in Shanta’s ordinary shares, the group noted.
Power Metal Resources PLC (LON:POW) the AIM-listed metals exploration and development company announced after the close on Friday that it has received notices to exercise warrants over 5,750,000 new ordinary shares of 0.1p each. The shares are being issued for 2,000,000 warrants at an exercise price of 0.75p each and 3,750,000 warrants at an exercise price of 0.7 each. Subscription monies of £41,250 have been received by Power Metal in respect of these exercises.
Frontier IP Group PLC (LON:FIP), a specialist in commercialising intellectual property, has issued a newsletter summarising key activities and developments within the group’s portfolio companies for the year to date. It is the intention for the group to publish such a newsletter on a quarterly basis moving forward. Copies of the newsletter will be sent to shareholders shortly and will be available to download from the group’s website at www.frontierip.co.uk