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Proactive news highlights: Active Energy lands financing for first CoalSwitch plant

Elsewhere, Haydale Graphene agrees a development deal with Araldite maker; Akers Biosciences hails its “highly successful” diabetes trial; Tissue Regenix signs it first European distribution agreements; plus much more…

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Active Energy Group PLC (LON:AEG) has landed financing for its first CoalSwitch plant, which allows traditional coal-fired power stations to burn low value wood and saw mill by-products.

It has agreed a US$6mln, five-year, unsecured loan facility that will fund a 35,000 tonne a year facility in North America producing the new fuel.

Huntsman Advanced Materials, which owns the famous Araldite adhesives brand, is working on using Haydale Graphene Industries PLC’s (LON:HAYD) functionalised graphene in its products.

The deal is another example of Haydale’s progress in commercialising its technology based on the “wonder material”, graphene.

The Aim-listed technology group said it had formally agreed a joint development agreement with Huntsman after a preliminary but highly successful collaboration on the development of a range of graphene-enhanced resins to complement Hunter’s current product range.

Elsewhere, Akers Biosciences, Inc (NASDAQ:AKER, LON:AKR) hailed as “highly successful” a trial of its BreathScan technology in detecting the signs of a potentially life-threatening complication of diabetes.

The study was carried out at Thomas Jefferson University Hospital in Philadelphia and it assessed the single use DKA test in picking up diabetic ketoacidosis caused by a lack of insulin in the body.

Tissue Regenix Group PLC (LON:TRX) has signed the first European distribution agreements for OrthoPure XT as the knee repair treatment continues to return positive data from patients.

Early clinical data put forward to support the CE mark application for OrthoPure XT has shown the “clinical relevance” of the product, with patients displaying “a statistically significant improvement” in recovery compared to the current gold standard.

With the filing of its interim statement Falcon Oil & Gas Ltd (LON:FOG) highlighted that its partner Origin Energy intends to meet with the Northern Territory authorities soon to discuss a revised timetable for its shale gas venture.

It comes amid a moratorium on fracking, put in place following the recent Australian election.

In other news, Berkeley Energia Ltd (LON:BKY) has concluded a deal to sell uranium from its Spanish mine for an average of more than double the current market price and at double the volumes agreed in an initial outline agreement.

The AIM-listed mine developer has a binding contract with trader Interalloys to supply two million pounds of the metal annually over five years, with the potential to extend that to three million pounds.

The average fixed price to be paid under the off-take agreement is US$43.78.

The bingo group Stride Gaming PLC (LON:STR) revealed impressive growth in revenues and earnings as the impact of a recent spate of acquisitions was felt on the top and bottom lines.

Stride spent over of £70mln on 8Ball, Netboost Media and the Tarco Assets as it roll-up strategy gained traction.

They helped push net gaming revenue up 22% to almost £48mln and EBITDA 27% higher to £12.3mln in the 12 months ended August.

Cloud-based data analytics specialist Rosslyn Data Technologies PLC’s (LON:RDT) posted an upbeat trading update in November.

Key metrics were heading in the right direction, it said, with the client acquisition rate rising at a steady pace and the average cost of acquiring a new client getting cheaper, though it was taking longer to close contracts.

Elsewhere, Hurricane Energy Plc (LON:HUR) has confirmed Halifax’s place in its current drilling schedule, exercising its option with Transocean’s Spitsbergen rig.

The Halifax exploration well will follow the Lincoln well which is currently being drilled.

Hurricane's chief executive, Dr Robert Trice, recently described Halifax as “an extremely exciting opportunity” and a logical target following this year’s successes at Lancaster.

Petropavlovsk PLC (LON:POG) is assessing the impact of severe weather on its Andreevskaya mine in Russia’s Far East after a violent and sudden drop in temperature.

Flooding across the region had previously caused issues with water, but now a sharp and unseasonal drop in temperatures from 0° to -40° in the space of a fortnight has compromised the integrity of the pit benches as groundwater inside porous rock has frozen and expanded rapidly.

Cloud-based data analytics specialist Rosslyn Data Technologies PLC’s (LON:RDT) posted an upbeat trading update in November.

Key metrics were heading in the right direction, it said, with the client acquisition rate rising at a steady pace and the average cost of acquiring a new client getting cheaper, though it was taking longer to close contracts.

The independent directors of Metal Tiger PLC (LON:MTR), Terry Grammer and Jordan Tuckett have rejected an indicative offer for the company from BMR Group PLC (LON:BMR).

In other news, Victoria Oil & Gas’ (LON:VOG) Cameroon subsidiary Gaz du Cameroun has started work on the second well of its exploration programme at the Logbaba gas field.

The wells are being dug as a 'batch drilling' operation, where the rig is moved back and forth between the wells on rails until they wells have reached target depth.

Over in Oman, Savannah Resources Plc (LON:SAV) has started three more electromagnetic surveys to identify drill targets at its copper projects in the country.

Lasail, Bayda and Mahab 4 will be surveyed with results from all three due in the first quarter of next year.

Alecto Minerals PLC’s (LON:ALO) previously announced joint venture deal with Ashanti Gold Corp has now been completed.

Ashanti has the exclusive right to earn-in for a 65 per cent interest in the Kossanto East project in Mali, by completing a preliminary feasibility study within a period of 36 months.

And finally, Bushveld Minerals Limited (LON:BMN)  has signed a Memorandum of Understanding for its Mokopane tin project with South African group VBKom.

The consultant will carry out due diligence ahead of a possible agreement to provide capital investment and technical support for the development of the Groenfontein and Zaaiplaats deposits.

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