Economic and Market News for 20 August 2019

Xtract Resources said it had collected positive assay results from preliminary sampling of mine tailings at the Kalengwa copper project in Zambia. Sampling yielded an average grade of 1.03% cooper...

Keras Resources noted that Calidus Resources, of which it owned 33.8%, had outlined the launch of a major drilling campaign at the Warrawoona gold project in Western Australia state. The...

IronRidge Resources said it had received 'excellent' metallurgical test-work results from the Ewoyaa lithium project in Ghana. High-grade spodumene concentrate with low level contaminants was...

Nordics-focused miner Beowulf Mining posted a first-half loss as it continued to await a government decision on its proposed Kallak iron-ore project in Sweden. Pre-tax losses for the six months...

Bacanora Lithium said its investment and sales agreement with Ganfeng Lithium was close to getting final regulatory approval in China. The first of the required approvals, from the PRC Ministry of...

Greatland Gold said that more gold nuggets had been located at its Panorama project in the Pilbara region of Western Australia state. The nuggets were located over an area of 900 metres by 200...

IT services provider Redcentric said chairman Chris Cole had notified the boar of his intention to stand down once a suitable successor had been found. The company said it would now commence a...

Virtual reality content creator EVR Holdings said its MelodyVR platform would launch on Facbook's Oculus Quest headset this Thursday. MelodyVR provides live music in virtual reality. 'The...

Mosman Oil & Gas said Australia's Xstate Resources had terminated an agreement to invest in the Champion project in Texas. The decision came after the project's operator, Baja Oil & Gas,...

Infrastructure investor John Laing Group said it had agreed to acquire the Ruta del Cacao road project in Colombia for around £62m, marking its first investment in Latin America. The project...

Avanti Communications Group said that it would seek shareholders approval to cancel its shares on London Stock Exchange as part of an ongoing transformation of the company. The proposed...

Georgia Capital said its wine business had acquired a 100% stake in Alaverdi, tripling the group's wine production capacity. Following the acquisition, the group's wine production business'...

Power Metal Resources said it had appointed Paul Johnson as its chief executive following a strategic review. Johnson was previously executive director. Andrew Bell would remain as executive...

Cellcast said it had entered into an agreement to sell its subsidiary, Cellcast UK to Com & Tel Media for at least £375,000. The company recommended shareholders vote in favour of the deal at...

Gresham House Energy Storage Fund completed its acquired a 5MW battery-only project based in Wolverhampton for £3.5m. The acquisition increased the total capacity of operational utility-scale...

N4 Pharma said a study conducted by Australia's University of Queensland had demonstrated the effectiveness of its delivery system for vaccines and cancer treatments. The repeat study demonstrated...

Kazatomprom said it would continue to 'flex down' production by 20% through 2021 as the uranium market continued to recover from a period of oversupply, keeping uranium prices low. The full...

Primary Health Properties said it had reached practical completion on two developments from separate developers at Glynneath and Langwith, at a total cost of £6.4m. The properties in Wales and...

Arc Minerals said the width of the mineralised zone and the strike length at its Cheyeza East mine in Zambia had been extended following further drilling, Drill holes six and seven, which were...

Avesoro Resources said its controlling shareholder Avesoro Jersey made an offer to acquire the remaining stake in the company at a price of £1 a share that it did not already own. The company also...

Subsea cable protection company Tekmar said it had secured two contracts within Taiwan . The combined value of the contracts, for execution and revenue recognition primarily in the current...

Petro Matad said that all processes for obtaining land permits related to the drilling of two wells in Mongolia had been completed, following delays. The company said it was now waiting on a final...

Online retailer MySale said it planned to raise at least £10m from a share issue to repay its bank debt. New shares in the company would be issued at 2p each. MySale said the decision to raise...

Cryptocurrency mining services provider Argo, said it had entered into a new three-year agreement with GPU.one that would increase its electricity supply by 357%. Under the terms of the agreement...

UK Oil & Gas said it had been granted two-year extensions to the initial terms of two licences. The licences included the company's operated PEDL331 on the Isle of Wight, which included the...

Wealth manager Kingswood said it was positioned for a strong second half of the year following, with trading so far this year in line with management's expectations, with restructuring now largely...

Asiamet Resources said it had raised gross proceeds of approximately £1.75m through the placing of shares. The company placed a total of 50,000,000 new sharesat a price of 3.5p per share....

IMI said it had struck a deal to acquire speciality valve manufacturer PBM for $85m. PBM, a manufacturer of high-quality industrial valves and flow control products and based in Irwin,...

Disease and allergy testing company Omega Diagnostics said it had received its first purchase order for an HIV testing kit from its partner company in Zimbabwe. The order was for 20,000 units of...

Packaging company Robinson said it had appointed Helene Roberts as its new chief executive. Roberts was currently a managing director of at Klockner Pentaplast and had previously worked at...

Property investor RDI REIT said it had completed the second and final stage of a £75.0m London serviced office portfolio refinancing. The facility, provided by Aberdeen Standard Investments for a...

Transport industry software and services provider Tracsis said it expected its annual revenue and earnings to rise in line with market expectations. Trading for the year through July had been...

AstraZeneca said results from a clinical trial of its type-2 diabetes drug to treat patients with heart failure met its primary objective after showing a reduction of cardiovascular death or the...