Proactive news snapshot – Cadence Minerals PLC, Gfinity PLC, Tlou Energy Ltd …


 () is in discussions in regard to a potential sale of part of its 16.06% stake in ()(CVE:BCN). Separately, Cadence’s 70% joint venture partner in the Yangibana neodymium project in Western Australia, Hastings Technology Metals, Ltd has received firm commitments for an A$15.5mln capital raise.


In another statement today, Cadence Minerals also noted that – in which the UK firm  currently owns a 20.2% shareholding – has announced it is in discussions with parties for options for moving the US company’s iron ore projects forward. also said it has extended the closing for Tranche 2 of its non-brokered private placement, which it expects to complete as soon as possible.


Formula 1 is finally tapping into the growing eSports market and it has chosen  () as its official partner to help deliver its upcoming ESports Series. Gfinity’s job will be to use its experience and market-leading technology to deliver a successful and seamless tournament that will help to grow F1’s popularity among its younger fan base.


()  has landed a mining licence in Botswana, allowing it to advance the Lesedi coalbed methane gas project. It marks a transition for the project, into the development phase from exploration and appraisal.


()(CVE:RAB) has boosted EBITDA in the second quarter of 2017 to US$1.2mln from a US$1.5mln loss the previous quarter. Production costs fell as the company continued to mine into new areas of the Lower Footwall Zone at the Ming mine. The copper price was also stronger during the quarter.


 () has boosted its ownership of the Jangama mineral sands project in Mozambique to 100%, via an all-share transaction. The company remains in joint venture with over the wider Mutamba project.


() is raising £900,000 to carry exploration work at the Ferensola gold project in Sierra Leone, well into 2018. A maiden resource at the Samana Hill portion is expected shortly.


An extended trial of Group PLC’s () waste-to-power system has returned some encouraging results. Its G3-UHt unit used a feedstock of tyre crumb as part of the extended trial at the Energy Centre of Thornton Science in Cheshire.


 (), the energy storage and clean fuel company, has welcomed the launch of the Hydrogen for Transport Programme (HTP). HTP will provide up to £23mln to increase the uptake of hydrogen fuel cell vehicles and grow the UK hydrogen refuelling infrastructure.


Graphene-based products maker  () has hired textiles industry veteran Luca Provolo as its new head of sales. Provolo will help to oversee Directa’s transition from the R&D stage to the commercialisation and sales phase when he takes up his new job at the start of September.


() chairman Anthony Balme has told investors he is excited by the company’s strong position, as the natural resources sector is showing “notable signs of a recovery”. The AIM-quoted mining group is set to benefit from an uplift in commodities prices, he added.


Upland Resources Limited (LON:UPL) told investors it is considering its position over the proposed deal to acquire a stake in the Wressle field, in Lincolnshire. It noted that the existing agreement with Europa Oil & Gas (Holdings) PLC (LON:EOG) has a long-stop date of September 30 and is subject to a successful planning appeal. However the appeal hearing is not anticipated until November.


() told investors it had agreed a new funding deal with institutional investors, arranged by RiverFort Global Capital. It sees new shares being issued at a price of 0.7p each.


 () said today that its chief executive officer, Dr Alastair Smith has purchased 33,225 ordinary shares in the developer of Affimer biotherapeutics and research reagents at a price of 74.5p per share. Following this transaction, Dr Smith’s total beneficial interest in the group is 570,509 Ordinary Shares, representing approximately 0.8% of Avacta’s issued share capital.

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