Small Caps News
Galileo upbeat on modelling progress at Zambia's Luansobe
Galileo Resources reported progress in the modelling of historic drill data at Luansobe on Tuesday, as well as completion of the second payment to the vendors to secure an initial 75% interest in the Luansobe Copper Project in Zambia.
Tungsten shares rise after board receives higher possible offer from Kofax
Tungsten Corporation announced an extension to the put-up-or-shut-up deadline on a possible takeover offer from California-based automation software company Kofax on Tuesday.
IGas strikes geothermal development deal with Cornish Lithium
IGas has agreed a heads of terms with mineral exploration and development company Cornish Lithium, it announced on Tuesday, to evaluate suitable sites where geothermal heat could be developed on a commercial basis.
Arrow Exploration makes progress with next well at Rio Cravo Este
Arrow Exploration updated the market on the drilling of the next well, RCE-2, at the Rio Cravo Este Field in Colombia on Tuesday.
Angling Direct ends another 'challenging' year strongly
Fishing tackle and equipment retailer Angling Direct said in an update on Tuesday that it had continued to trade in line with its expectations, and expected to report a 7. 2% increase in revenue for the 2022 financial year, to £72. 5m.
4D Pharma gets FDA clearance for potential Parkinson's treatments
Biotherapeutic pharmaceutical company 4D Pharma announced on Tuesday that the United States Food and Drug Administration (FDA) has cleared investigational new drug applications for ‘MRx0005’ and ‘MRx0029’, for the treatment of Parkinson's disease.
Caledonia Mining confirms worker fatality at Blanket Mine
Caledonia Mining confirmed on Tuesday that an accident had taken place at the Blanket Mine in Zimbabwe, which resulted in the death of employee Andrew Clydon Phiri.
Union Jack reaches $3m net revenue from Wressle
Union Jack Oil announced on Tuesday that “material landmark” net revenues had been achieved from the Wressle development, located within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin.
BlueRock Diamonds discovers stone worth over $0.1m
BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced the discovery of an 11. 95 carat stone on Tuesday.
Agronomics puts EUR 6.9m in animal-free egg firm Onego Bio
Cellular agriculture investor Agronomics announced a €6. 9m (€5. 77m) investment in Onego Bio on Tuesday - a company developing “sustainable and animal-free” egg protein.
Kin and Carta expands geographic reach and offering with three acquisitions
Digital transformation consultancy Kin & Carta said on Tuesday that it had expanded its European nearshore software delivery, e-commerce and artificial intelligence capabilities via a series of acquisitions.
McBride falls to H1 loss as supply chain woes weigh on performance
Manufacturer McBride posted an interim loss on Tuesday as the group said heightened costs related to supply chains woes had weighed heavily on its performance.