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Proactive news snapshot: Highlands Natural Resources, Simec Atlantis Energy, W Resources …

A glance at some of the day's highlights from the Proactive Investors newswire
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Highlands Natural Resources Limited (LON:HNR) does not believe the withdrawal of its permit applications in West Denver will have a material impact on its near-term financial performance. Revenues are being generated from the East Denver Colorado shale project and these should increase significantly when six new wells begin production in December to cover its overheads for 2019.

Simec Atlantis Energy Limited (LON:SAE) has agreed in principle to sell a 25% shareholding in the Uskmouth power plant conversion project for £32.9mln.

W Resources PLC (LON:WRES) has commenced production of tungsten and tin concentrate at the La Parrilla mine in Spain as part of a planned staged build-up to full mine production in the second half of 2019. Production is expected to reach 10 to 15 tonnes per month from November 2018, with first shipment planned for December 2018.

Grades at the first level of the KV1 kimberlite pipe on the Kareevlei project in South Africa have exceeded the expectations of owner and operator BlueRock Diamonds PLC (LON:BRD).

IronRidge Resources Limited (LON:IRR) has intercepted more high-grade lithium at the Ewoyaa project in Ghana.  Among the highlights were 56 metres at 1.71% Li2O, 67 metres at 1.32% Li2O, and 45 metres at 1.56% Li2O.

PhotonStar LED Group PLC’s (LON:PSL) fixed LED lighting subsidiary, PhotonStar LED Limited, has been placed into liquidation. At the end of October, PhotonStar warned investors that trading conditions for the subsidiary had “continued to be very challenging” and that it was weighing up its options, which included a distressed sale.

SkinBioTherapeutics PLC (LON:SBTX)  said it has begun the third and final phase of a human study of its skin cream as it confirmed it remains in talks with potential commercial partners. A total of 120 people will take part in the trial, which is designed to test whether SkinBiotix retains the beneficial property to improve skin barrier health when in a cream formulation.

Cabot Energy PLC (LON:CAB) said its average sale price per barrel of oil could fall in the second half of 2018 due to the impact of extended refinery closures in the Mid-West of the United States. The shutdown for maintenance work has caused a divergence between the Edmonton Light Oil benchmark price - the crude oil contract price for the company's Canadian revenues – and the West Texas Intermediate (WTI) benchmark price and closed at US$21.43/bbl on Friday 16 November 2018.

Tlou Energy Ltd (LON:TLOU) is making “excellent progress” with the ongoing drill programme at its Lesedi coal bed methane project in Botswana.

Gaming Realms PLC’s (LON:GMR) business-to-business (B2B) software division, Alchemy Bet, has secured a deal to host Casonic, a new online casino brand from Norwegian gaming company River iGaming.

Europa Oil & Gas (Holdings) PLC (LON:EOG) is to raise up to £5mln to fund its Irish Atlantic Margin projects and also a new venture in Morocco. A firm placing will provide £4mln at 3p per share, while existing shareholders can subscribe up to another £1mln through an open offer at the same price.

Eckoh PLC (LON:ECK), the provider of secure payment products and customer contact solutions, has seen a return to sales growth in the UK.

ClearStar Inc (LON:CLSU) has inked two new contracts for its services with an expected annual combined value of over US$1mln.

Following a review of all data gathered to date at the Kochang gold and silver mine in Thailand, Bluebird Merchant Ventures Limited (LON:BMV) has established an initial estimate of the mineral potential of between 550,000 and 700,000 tonnes, derived from a small area. Grades in this area range from between 5.2 grams per tonne to 6.6 grams of gold and from 27.3 grams to 34.8 grams silver.

Thor Mining PLC (LON:THR) (ASX:THR) has appointed London-based Argent Partners as corporate advisors to assist with completion of off-take and financing arrangements for Molyhil. The company said it has had approaches from, and held discussions with, a number of entities with interests ranging from both molybdenum and tungsten concentrate off-take, to those with potential interest in financing and other partnering initiatives, in respect of the Molyhil project.

Adamas Finance Asia Limited (LON:ADAM), the London quoted pan-Asian diversified investment vehicle, has appointed VSA Capital Limited as its corporate broker with immediate effect. 

European Metals Holdings Limited (LON:EMH) (ASX:EMH), the specialty lithium development company with assets in the Czech Republic, have released a copy of its latest Investor presentation on the company's website.


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