The financing and construction of Sirius Minerals PLC’s (LON:SXX) huge Woodsmith fertiliser mine in North Yorkshire is progressing to plan. Back in May, the FTSE 250 group raised US$825mln from investors as part of a wider US$3.8bn stage 2 financing that would fund the project through to completion.
Recent drilling undertaken by Arc Minerals Ltd (LON:ARCM) at the Cheyeza East prospect has intersected 25 metres grading 1.05% copper, including 1.7% copper over 9.3 metres. An additional hole drilled 200 metres to the south also shows significant mineralisation.
InnovaDerma PLC (LON:IDP) is expecting its pre-tax profits to more than double after strong trading in its last financial year. In a trading update for the 12 months ended 30 June, the maker of beauty and personal care products said revenues had increased by 21% to £13mln, and as a result, pre-tax profits were expected to have more than doubled from the £670,000 reported in 2018.
Discount dining platform BigDish PLC (LON:DISH) is to launch in Brighton next week. In the same announcement, the company confirmed non-executive director Jonathan Morley-Kirk is set to become non-executive chairman, while BigDish founder, Aidan Bishop, is moving from executive chairman to executive director.
Argo Blockchain PLC (LON:ARB) shares surged higher on Tuesday after the performance of its crypto mining activities beat expectations for the second quarter. In an update for June, the group said mining yields from its existing hardware had improved in line with the “strongly rising” Bitcoin price, and as a result it now expected to generate 161 Bitcoins, worth around £1.38mln and 101% higher than its mining results for May.
Oracle Power PLC (LON:ORCP) has submitted a collective payment of approximately US$50,000 to the Private Power Infrastructure Board (PPIB) of the Pakistani Government, as the registration fee for processing an application for a Letter of Intent (LOI) in relation to the group’s proposed mine and power plant at Block VI in Thar.
i3 Energy PLC (LON:I3E) has awarded Baker Hughes GE, one of the world’s largest oilfield services companies, contracts worth £3mln to carry out drilling at its Liberator and Serenity assets in the North Sea
appScatter Group PLC (LON:APPS), the app management and data intelligence platform, has signed an agreement with Bango PLC (LON: BGO), the mobile commerce company. Through the partnership, appScatter plans to grow in-app revenues for its customers through the Bango Marketplace.
AfriTin Mining Ltd (LON:ATM) booked a loss of just over £1mln in the year to 28 February 2019, equating to a loss per share of 0.23p. Although AfriTin has not yet commenced commercial production from its Uis tin mine in Namibia, the company did book £27,000 of sales from the sale of sand at Zaaiplaats.
Bluejay Mining PLC (LON:JAY) has identified 20 large scale drill-ready targets on its 2,776 square kilometre Disko-Nuussuaq nickel-copper-platinum project in West Greenland. A new work programme has been designed to refine both new and previously defined drill targets by reprocessing and validating historical data and acquiring new geophysical and geochemical data.
Caledonia Mining Corporation PLC (LON:CMCL) has declared a quarterly dividend of six and seven eighths United States cents (US$0.06875) on each of the company's common shares. It said that it is expected that the current dividend of twenty-seven and a half United States cents per annum, paid in equal quarterly instalments, will be maintained.
Oncimmune Holdings PLC (LON:ONC.L) announced that Adam Hill, its chief executive officer will be presenting at the Proactive Investors One2One Investor Forum on Thursday 11 July 2019, which will be held at the Chesterfield Mayfair Hotel, London, from 18:00-20:00 BST.
Kibo Energy PLC (LONLKIBO), the multi-asset, Africa focused, energy company, announced that the five-year PPA (Power Purchase Agreement) between German firm Statkraft Markets and Bordersley, a 100%-owned subsidiary of the company, was formally executed on 1 July 2019.
Kodal Minerals PLC (LON:KOD) said technical director Luke Bryan is to step down at the end of the week to focus on other mining projects. Bryan joined Kodal Minerals in 2013 as chief executive, overseeing the company’s initial public offering later that year and its subsequent move into West Africa. He became technical director in 2016.