Economic and Market News for 16 February 2021

Natural resources company Jangada Mines said the results of a preliminary economic assessment on its Pitombeiras vanadium project in Brazil, confirmed that the project had 'robust' economics and...

contract research organization Fusion Antibodies said it had appointed Dr Richard Jones as chief executive officer, replacing Dr Paul Kerr. Kerr would become a consultant to the company so that...

Oil and gas company Gulf Keystone Petroleum said the competent person's report reaffirmed the 'significant' production potential of the Shaikan field, in which the company has an 80% working...

Mercantile Ports & Logistics said it had signed two new contracts for the use of its its port and logistics facility in Navi Mumbai, Maharashtra, India. Company subsidiary Karanja Terminal...

Gold exploration and development company Condor Gold said it had placed 9,523,810 shares to raise gross proceeds of £4,000,000. The shares were placed at a price of 42 pence a share....

Call centre software group Pelatro said the final implementation of its flagship product had been completed in the network of its largest customer. Pelatro had won the five-year managed services...

Mining group Tertiary Minerals said it had completed a soil sampling programme at the Paymaster polymetallic project in Nevada. Maximum values of 34.9 parts per million of silver and 5.65% zinc...

Phoenix Copper said it had completed a new economic model for the Empire open pit mine in Idaho to recover copper, zinc, gold and silver at a pre-production capital cost of $52.6 million. The...

Affimer biotherapeutics and reagents developer Avacta said it had received the first data showing 'excellent performance' of its SARS-CoV-2 rapid antigen test from ongoing clinical studies in...

Rambler Metals and Mining said it had raised $10.5 million (£7.6 million) from a share issue to bolster its mining fleet and advance exploration drilling. New shares in the company were issued at...

Development and production company Block Energy reported its first sale of gas from its West Rustavi field in Georgia. Production rates from West Rustavi wells WR-38Z and WR-16aZ were currently...

Scientific instrument sector investment company Judges Scientific said it had increased its interest in stake in Bordeaux to 88% from 75.5% £1.8 million. In 2011, Judges had purchased Deben UK...

UK stocks opened higher on Tuesday as investors grow increasingly confident that US lawmakers will push through a large stimulus package, while big miners released some positive dividend news. At...

IT and communication company CloudCoCo said revenue growth in the first quarter had been 'strong' with the acceleration of new and renewal business driving improved profitability. Earnings...

Diamond explorer Botswana Diamonds said it had entered into a cooperation agreement with Diamexstrat Botswana to fund exploration of its prospecting licence assets in Botswana. Under the...

JLEN Environmental Assets said it would hold a shareholder meeting to approve a change in its investment policy to allow the company to access a wider pool of environmental infrastructure...

Long income real estate company LXi REIT detailed plans to raise gross proceeds of approximately £75 million through the placing of shares at a discount. The company proposed to place 60,164,539...

Cancer and autoimmune disease focused Sareum said it viewed a new UK clinical development platform for potential Covid-19 treatments as a welcome source of funding. The company said it had noted...

Disease test-kit supplier Omega Diagnostics welcomed the publication of positive research that had analysed the performance of a Covid-19 test that it is helping to produce. A pre-print...

Defense contractor TP said it had signed a contract with a train leasing company to supply hydrogen fuel-cell systems for passenger trains. The initial project would take about six months to...

Gambling technology provider Playtech said it had signed licencing agreements with Greenwood Racing, which owns and operates the Parx Casino in Bensalem, Pennsylvania. The agreements included...