IXICO PLC (AIM:IXI, OTC:PHYOF) told investors it has been selected by a leading global pharmaceutical company, and new client, to provide MRI imaging services for an early phase clinical trial in Multiple System Atrophy.
The company, in a statement, said it had signed a start-up agreement with the client and it is anticipated to extend to a contract value of approximately £0.6mln early in 2023.
Trident Royalties PLC (AIM:TRR) royalty asset sale to Franco-Nevada Corporation (TSX:FNV) is a win-win for both parties, according to brokers.
The sale, of several pre-production gold royalties, for up to US$15.8mln in cash delivers a 2.4 times money-on-money return on an investment of just two years ago, said analysts at Liberum Capital.
Trident Royalties PLC (AIM:TRR) has agreed to sell gold royalties over several pre-production projects to Franco-Nevada Corporation (TSX:FNV) for up to US$15.8mln (£12.9mln) cash, and has separately renewed a debt facility on more favourable terms.
The company hailed the various benefits of the Franco-Nevada deal, which covers six gold mining projects that were acquired for roughly US$6.5mln: Lake Rebecca in Western Australia, Spring Hill in Australia’s Northern Territory, and a portfolio of four other Western Australia projects acquired from Talga Resources.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) is set to be the recipient of an additional US$1mln of grant funding, as it signed an amended cooperation agreement as part of a research project backed by the US government.
The company has previously received US$2.1mln of grant funding supporting operations on the tate 16-2 well in 2020 and 2021, and, it has continued to work closely with researchers from Utah’s Energy & Geoscience Institute and the Utah Geological Survey.
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) has said that during the month of November it mined 198 bitcoin or bitcoin equivalents (together, BTC) compared to 204 BTC in October 2022.
The AIM-quoted bitcoin miner said the decrease in BTC mined was primarily due to an increase in the Bitcoin network difficulty in November compared to October.
Technology Minerals PLC (LSE:TM1) has signed a £4mln convertible bond facility with Macquarie Bank (MBL) and Atlas Capital (ACM) to fund the ramp-up of the first phase of operations at its Tipton lead-acid battery recycling plant.
Funds will also be earmarked to support Technology Mineral’s plan to develop lithium-producing mining assets in Ireland as part of its twin-track recycling strategy.
Oriole Resources PLC (AIM:ORR), the AIM-quoted gold exploration company focussed on West Africa, has said it will write down the carrying value of its 24.94% interest in privately-owned Thani Stratex Resources Limited (TSR) after its Hodine licence in Egypt was formally relinquished.
On 19 October 2022, Oriole reported that Red Sea Resources Limited (RSR) had spent US$2.2mln on exploration at Hodine, specifically the Anbat project, but that it would not be exercising its option to acquire an 85% interest in the licence.
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) said it has entered a forward sale agreement with Ocean Partners for gold produced at the Omagh gold mine in Northern Ireland for 2024 and early 2025.
The miner will supply 500 ounces per month from February 2024 to January 2025, 6,0000 ounces in total, at a strike price of US$1,775 per ounce generating US$804,000 immediately to Galantas.
EQTEC PLC (AIM:EQT) said it has arranged an unsecured loan facility of up to £2mln with its major shareholder, Altair Group, to support working capital and acceleration of project sales and technology deployment, in particular for its Market Development Centres (MDCs).
British Virgin Islands-based investment company Altair owns a 18.2% stake in the waste-to-value specialist.
BATM Advanced Communications Ltd (LSE:BVC) extended the deadline for its capital raising, moving out to Tuesday 13 December, to allow management to update shareholders on the company’s recent progress and to provide additional time to participate in the placing.
Cloudbreak Discovery PLC (LSE:CDL) announced the appointment of Oberon Capital as the company’s sole broker with immediate effect.
Oncimmune Holdings PLC (AIM:ONC) has announced that the closing of its capital raising announced on at 2.00pm on 7 December 2022, has now been extended to 4.30pm on Tuesday 13 December. This extension has been made to allow management to update shareholders on the company’s recent progress and to provide additional time to participate in the placing. Admission of the capital raising shares is now expected to become effective, and dealings in such shares to commence, at 8.00am on Friday 16 December 2022.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has said it will issue sustainability-linked senior loan notes worth R800mln (US$46.4mln) following an oversubscribed bookbuild. Cobus Loots, chief executive, commented: “We are delighted to be the first mining company to issue a sustainability-linked bond in the South African market. These instruments will further diversify our funding sources, with the proceeds of the issuance applied towards Pan African’s attractive growth project pipeline.”