Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) was today boosted as its finance facilities got a favourable nod after its syndicate of fourteen banks reviewed the North American oil and gas firm’s borrowing base.
The borrowing base was retained at US$375mln though its facility which is described as a ‘sustainability-linked loan’.
Gamelancer Media said it has appointed industry veteran Gopal Patel as its Vice President of Operations.
Patel will lead operations across strategic partnerships and increase campaign efficiency to enhance customer success and reduce overheads, the company said.
Eskay Mining Corp (TSX-V:ESK, OTCQX:ESKYF) has announced exploration plans for 2023 at its Consolidated Eskay project in British Columbia’s Golden Triangle region, noting that it has identified “multiple new compelling” drill targets through proprietary processing of detailed magnetics data provided by Riaz Mirza and his team at Simcoe Geosciences.
The mineral exploration and development company said exploration plans also include further geological work and potential drilling at previously identified areas including the newly discovered Volcanogenic Massive Sulphide (VMS) system at Scarlet Knob and Tarn Lake.
VR Resources Ltd (TSX-V:VRR, OTCQB:VRRCF) announced that drilling at its Northway project in Ontario has intersected kimberlite diatreme breccia.
The breccia occurred in hole NW23-002 located in the center of the large magnetic anomaly roughly 1.2 kilometers in diameter. Notably, NW23-002 is 450 meters northwest of hole 001 located on the southern edge of the anomaly, thus confirming the presence of a very large kimberlite diatreme breccia pipe complex at Northway, the company said.
enCore Energy said upgrades and refurbishments at its Alta Mesa in situ recovery (ISR) uranium central processing plant in Texas are currently ahead of schedule and under budget.
The Alta Mesa plant is advancing towards a restart in uranium production in early 2024, the company noted.
Prospector Metals Corp. (TSX-V:PPP, OTCQX:ETHOF) has announced diamond drill results from its 100% owned district scale Whitton nickel-copper-platinum group elements (PGE) project in northwest Ontario, including 0.49 grams per tonne (g/t) platinum + palladium over 10.5 metres from 14m downhole, as well as 0.46 g/t platinum + palladium over 14.4m from 5.6m in Hole# WL003.
The precious and base metals explorer said the 2023 maiden drill program consisted of four NQ-sized diamond drill holes totaling 826.4m to test the Roadcut platinum-palladium target and the Whitton nickel-copper sulphide target.
Ilika still has plenty to offer investors even though the share price is up 100% year-to-date, according to analysts at Liberum.
First deliveries of its Stereax miniature solid-state batteries to Blink Energy, CubeWorks and Lura Health suggest commercialisation of its medical SSBs is gaining momentum.
Delta 9 Cannabis Inc (TSX:DN) has welcomed the Manitoba Conservative Government’s Bill 10 which envisages repealing the 6% Social Responsibility Fee (SRF) on gross retail cannabis revenues retroactive to January 1, 2022.
The fee was introduced in 2018 to fund the social costs of public education, safety, and health for cannabis and eliminate the Manitoba PST charge.
PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) said it has received a payment of $1.5 million under its existing C$25 million-plus Drosrite contract with a balance of $8 million remaining to be received under the deal.
“We trust that this payment will allay any concerns that some may have had with respect to the collectability of this receivable”, said P. Peter Pascali, CEO and president of PyroGenesis in a statement.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said it has received an initial $2 million cash infusion from fintech firm Ratio Technology.
The funding represents a zero-dilutive capital source for the company as the cash was paid against future invoices for contracts that have not yet been settled.
“The worst should be behind us; onwards and upwards from here.” They were the words of the mining team at Liberum, the boutique investment bank, analysing the first-quarter results of Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL).
The company’s performance was marred by a less-than-auspicious start to oxide gold ore production at the Bilboes operation in Zimbabwe. Its main Blanket operation encountered operational and technical difficulties.
ImmuPharma PLC (AIM:IMM, OTC:IMMPF) shares leapt 6.5% in late morning trading following encouraging news on its experimental drug P140.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said it has inked an ‘at the market’ (ATM) deal with Cantor Fitzgerald that could see up to US$30mln shares sold on the company’s behalf.
The shares would be sold in the United States, under the company’s NYSE America listing, and would be sold at market prices, Caledonia said in a statement.
Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) revealed that it has entered into a contract with The Vaping Group to launch its nicotine-free vapour products in the UK.
In a statement, Chill Brands said it is confident this partnership will improve the commercial prospects and near-term performance of its nicotine-free vapes.
European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTCQX:EMHLF) (EMH) Cinovec lithium project was host to Czech Republic prime minister Petr Fiala and alongside the political visit has been boosted by the signing of a new co-operation deal in Germany.
The prime minister’s visit to what’s described as a “globally significant lithium project” saw a speech from the leader.
ImmuPharma PLC (AIM:IMM, OTC:IMMPF), a specialist drug discovery and development firm, has announced significant progress with its late-stage clinical programme for treating chronic idiopathic demyelinating polyneuropathy (CIDP).
The US Food and Drug Administration (FDA) has provided positive feedback that supports the application for a phase II/III adaptive clinical trial of P140, the company’s key investigative drug.
Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) said the water treatment plant at its South Crofty tin project in Cornwall is nearing completion, with mine dewatering to start later this summer once the pump is installed.
Based on historic pumping records, mine dewatering is estimated to take 18 months to complete, the miner added.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has completed its regularly scheduled semi-annual borrowing base redetermination for Spring 2023.
The company received 100% approval from its 14-bank lending syndicate of the facility’s US$375mln (£300.8mln) borrowing base, which is structured as a sustainability-linked loan and aligned with the company’s commitment to continuous ESG improvement.
Venture Minerals Limited (ASX:VMS, OTC:VTMLF) is set to begin a maiden drilling program to test the extent of high-grade, clay-hosted rare earth element (REE) mineralisation at the Iron Duke Project in Western Australia, having already contracted a drilling company for the work.
Iron Duke is a set of two granted tenements stretching some 151 square kilometres, with approvals already in place for a maiden drill program due to historical work on the tenure.
Ionic Rare Earths Ltd (ASX:IXR, OTC:IXRRF) has launched a phase 5 drilling program at its Makuutu Rare Earths Project in Uganda in an effort to upgrade resource estimates in key areas.
Makuutu, in which Ionic holds a 60% interest, is comprised of six tenements. Of these, the central RL1693 tenement was the only one used to support a recently unveiled definitive feasibility study (DFS) in March, which outlined an initial 35-year mine life and EBITDA of $2.29 billion.
Australian Strategic Materials Ltd (ASX:ASM) has received A$6.5 million in funding for its rare earths and critical minerals Dubbo Project, under Tranche 2 of the Australian Government’s Critical Minerals Development Program (CMDP).
ASM will receive the funding, subject to the execution of binding documentation, to progress the Dubbo Project’s EPC Definition activities with respect to non-process infrastructure.
Smart building materials company ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF) is revitalising its ClearVue PV integrated glazing unit (IGU) and launching a new range of solar façade solutions.
The Aussie tech minnow will unveil its new offerings tonight at a private event in London’s Building Centre — a facility known for showcasing innovations in the building space.
In an important step toward commercialisation, Imugene Ltd (ASX:IMU, OTC:IUGNF) will present pre-clinical data to the American Society of Gene and Cell Therapy’s Annual Meeting demonstrating anti-tumour activity in vivo (in a live model) of its onCARlytics technology in combination with Eureka Therapeutics, Inc.’s ARTEMIS® cell receptor platform.
The data – which will be revealed as a poster presentation – investigates the effect of the combination of IMU’s onCARlytic virus and Artemis CD19 T-Cells in hepatocellular carcinoma (liver cancer) tumours.
AMPD Ventures Inc said James Hursthouse has resigned as the company’s chief executive officer and has also stepped down as a director of AMPD Ventures, both effective immediately. Hursthouse remains a director and CEO of Departure Lounge Inc., a majority-owned subsidiary of AMPD Ventures. The company also announced that Howard Donaldson has resigned from the board of directors of the company, effective immediately. AMPD Ventures thanked Hursthouse and Donaldson for their dedication and service.
Perk Labs Inc announced that it has appointed Welch LLP as independent auditor of the company, effective as of May 3, 2023. The new auditor is being appointed following the formal resignation of Saturna Group Chartered Professional Accountants LLP, effective as of May 3, 2023. There are no reportable events between the company and the former auditor.
Candelaria Mining Corp has announced that effective May 16, 2023, Neil O’Brien has resigned as a director of the company and as chairman of its board of directors. The company thanked O’Brien for his service and wished him all the best in his future endeavors. Candelaria also announced the appointment of Manuel Gomez as the new chairman of the board, effective May 16, 2023. Gomez was appointed as a director of the company on December 15, 2022.
EverGen Infrastructure Corp said it plans to release its 2023 first quarter financial results on Wednesday, May 24, 2023 after the market close. EverGen will hold a results and corporate update conference call at 10.00am Eastern Time on Thursday, May 25, 2023, hosted by chief executive officer, Chase Edgelow via the following Zoom link:
Plurilock Security Inc said it has received a sale order for its flagship software platform with an overseas utility infrastructure developer. The customer’s portfolio which includes projects that are completed and under development, covers over 10,000 kilometres of power transmission lines across two countries. Under the terms of the contract, the customer will license the cloud security functionality of the Plurilock AI platform, which includes Single Sign-On, Access Control Management, Password Policy and Self-Password Reset. “We are pleased to announce a sale order for our high-margin AI-driven software with a new customer,” said Ian L. Paterson, CEO of Plurilock. “The utilities sector is unfortunately a popular target for cybercriminals, and we see a growing demand for advanced zero-trust technology in this space. Overall, this order highlights our commitment to further expand our sales pipeline across different key industries.”
Wishpond Technologies Ltd has said it expects to release its first quarter financial statements and corresponding management’s discussion and analysis for the three months ended March 31, 2023, before the market open on Thursday, May 25, 2023. The company will also host a conference call to discuss the results on the same day at 12.00pm PT (3.00pm ET) hosted by: Ali Tajskandar, its chairman and chief executive officer, and David Pais, its chief financial officer. Webinar registration: Dial-in details: +1 778 907 2071 (Vancouver local); +1 647 374 4685 (Toronto local); Meeting ID #: 898 1895 0563.