Small Caps News
KEFI shares surge as situation in Ethiopia improves
KEFI Gold and Copper issued a positive update on the security situation in Ethiopia on Monday, following the government’s launch of “major military offensives” in late November to drive rebel militias out of the states they had recently occupied.
Poolbeg signs option deal for potential melioidosis vaccine
Clinical-stage infectious disease pharmaceutical company Poolbeg Pharma has signed an option agreement to licence ‘MelioVac’, a vaccine for melioidosis, with University College Dublin and its inventor Siobhán McClean, it announced on Monday, through the university’s intellectual property office NovaUCD.
Beowulf subsidiary agrees terms for Finland joint venture
Mineral explorer and developer Beowulf announced on Monday that its wholly-owned Finnish subsidiary Grafintec and Epsilon Advanced Materials, a subsidiary of Epsilon Carbon, have signed a joint venture heads of terms for the establishment of an anode materials production facility to be located in Finland.
Touchstone reports on first production test at Royston-1
Touchstone Exploration updated the market on results from the first production test at its Royston-1 exploration well on Monday, and provided data from the second test, both of which confirmed separate light oil discoveries.
Distribution Finance Capital builds on positive momentum in 2021
Specialist bank Distribution Finance Capital said on Monday that it had successfully built on the "positive momentum" and record new loan origination seen throughout the year.
Orders from Spectra Systems' new K-cup customer rolling in
Banknote authentication, brand protection and gaming security company Spectra Systems announced on Monday that its newest customer, using its optical materials in ‘K-cup’ single-serve coffee products for Keurig machines, had already placed three orders.
Versarien revenues rise as it continues to expand
Advanced engineering materials company Versarien reported group revenues from continuing operations of £3. 82m for its first half on Monday, up 41% year-on-year.
Hardide positive on outlook after tougher 2021
Surface coating technology company Hardide reported revenue of £3. 6m in its preliminary results on Monday, down from £4. 8m year-on-year, although its board described a “positive outlook” across the company’s target sectors.
Revenues rise, losses widen for Fusion Antibodies
Contract preclinical antibody research provider Fusion Antibodies reported revenues of £2. 4m in its first half on Monday, including a one-off milestone of £0. 15m, which was up from £1. 9m year-on-year.
Tavistock turns in solid first half after selling TWL
Financial services company Tavistock reported interim net assets of £49. 8m in its half-year accounts on Monday, up from £15m at the start of the period.
Great Western Mining says OMCO tailings 'thicker than expected'
Nevada-focussed gold, silver and copper developer Great Western Mining released results from an independent assay of tailings material at the OMCO Mine on Monday, reporting thicker tailings than had been anticipated.
Journeo further expands into North Wales
Transport systems provider Journeo said on Monday that it had struck a systems contract award that will see it further expand into key transport corridors within North Wales.