Proactive news headlines: Helium One, Zephyr, Learning Technology, Scancell, Europa Metals and more

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Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development.As one of the early external hires at Proactive in 2009, Jamie contributed... Read more

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Published: 10:00 17 Sep 2024 BST

Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has installed and commissioned an industrial-scale spiral concentrator plant at its expanded laboratory and testing facility in Lilongwe, Malawi.

This is expected to accelerate graphite offtake discussions with lithium-ion battery manufacturers and traditional graphite markets.

Broker Panmure Liberum has reiterated its buy rating on Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF)’s shares with a target price of 23.3p after Scancell announced a strategic partnership with PharmaJet for the supply of the Stratis intramuscular (IM) needle-free injection system.

Scancell will use PharmaJet’s Stratis needle-free intramuscular delivery system for its SCIB1/iSCIB1+ DNA cancer vaccine.

URA Holdings PLC (LSE:URAH) announced a delay in the first trial emerald sale due to export delays in Thailand.

The sale of emeralds from the Gravelotte mine was originally set to take place this month.

Europa Metals Ltd (AIM:EUZ, JSE:EUZ) has agreed a deal to sell its 100% interest in the Toral project, in northern Spain, to Denarius Metals Corp.

A share-based transaction is valued at C$3.5 million in equity – with Europa being paid 7 million of Denarius’ Cboe and OTC listed shares priced at C$0.50 each (all subject to a four-month hold agreement).

Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) has signed a strategic partnership with PharmaJet for the supply of the Stratis intramuscular (IM) needle-free injection system.

The system will be used for the delivery of Scancell’s SCIB1/iSCIB1+ DNA cancer vaccine for patients with advanced or metastatic melanoma.

Europa Metals Ltd (AIM:EUZ, JSE:EUZ) is to acquire the Tynagh brownfield project in County Galway, Ireland.

Through a reverse takeover, the company is acquiring what’s described as an advanced recycling and rehabilitation project.

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has denied it is raising new capital via an equity raise.

Responding to market speculation, in a statement, Zephyr said it has no plans to conduct an equity fundraise and is not currently undertaking any such action.

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has submitted an application for a mining licence in Tanzania for the southern Rukwa helium project.

The application was submitted to the Tanzanian Ministry of Minerals and Mining Commission and includes a detailed feasibility study covering subsurface modeling and a commercial development plan.

Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) hailed the resilience of its software-as-a-service (SaaS) and long-term contracts as it posted half-year results showing growing profit.

The board declared an interim dividend of 0.45p per share, maintained at the same level as a year ago, but trimmed guidance for the full year amid a challenging macroeconomic backdrop.