The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Zinnwald Lithium PLC - High Wycombe, England-based mineral exploration and development company - Hails ‘robust’ economics of Zinnwald lithium project in Germany, after preliminary economic assessment study. Asset has pretax net present, at 8% discount, of $1.61 billion. Zinnwald notes a $336.5 million initial construction capital cost and a payback period of 3.3 years, following the commencement of output.
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Nanoco Group PLC - Manchester-based nanomaterial developer and manufacturer - Says trial schedule for cases in Eastern District of Texas revised. Trial against Samsung Electronics Co to no longer take place on September 12. ‘The company understands that the next scheduled date for trials in the Eastern District of Texas, Marshall Division, is 3 October 2022. However, no scheduling order or priority of cases has been set as yet for 3 October 2022,’ Nanoco says. Nanoco has accused Samsung of infringing its quantum dot patents. Quantum dot technology is used on Samsung QLED televisions.
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accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Extends deal with Village Roadshow Theme Parks. Village Roadshow will use accesso for ticketing, virtual queuing and guest experience services at five of its sites, including Warner Bros. Movie World and Sea World (Australia) through to 2027, with option to extend to 2029 on table. ‘Since 2018, VRTP has leveraged the end-to-end suite of the group’s technologies tailored to the attractions industry to deliver a reimagined, contactless experience for its guests, both on- and off-site. Headquartered on the Gold Coast, VRTP is Australia’s largest theme park operator, welcoming millions of guests annually to enjoy some of the most thrilling entertainment, rides and slides available anywhere in the world - from hyper-coasters to animal encounters and dinner show productions,’ accesso says.
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Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - Supplying South Korean plastics developer NeoEnpla Co Ltd with graphene nano-platelets for use in food packaging. ‘The graphene zipper bags have shown an increase in tensile strength of 31% compared to non-graphene LLDPE (linear low-density polyethylene) zipper bags,’ Haydale says. ‘Food packaging primarily acts as a barrier to moisture and gases (including contaminants) that ordinarily lead to a reduction in the shelf-life of food. The new graphene-enhanced food storage bags keep the food fresher for longer thanks to the anti-bacterial, UV and barrier properties of functionalised graphene, resulting in less food waste.’
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Ilika PLC - Romsey, England-based solid-state battery technology company - Begins nine-month manufacturing equipment trials in bid to de-risk industrialisation plan for Goliath battery cells. ‘Ilika will receive a £175,000 grant towards its related costs over the nine-month project (codenamed STEP), which started on 1 August 2022,’ Ilika adds. Chief Executive Graeme Purdy adds: ‘STEP is a crucial part of Ilika’s industrialisation journey and provides a great opportunity for Ilika to work with UK-based equipment vendors in these trials - to both further Ilika’s ambitions to scale its technology and to develop the all-important SSB supply chain.’
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Marula Mining PLC - Haywards Heath, England-based mining services investor - Says early assays from Blesberg lithium and tantalum project in South Africa are ‘high-grade’. ‘Lithium grades of the samples assayed demonstrate a high grade and high value lithium product that can be potentially recovered from the existing stockpiles without incurring high up-front capital costs and high mining and processing costs,’ Marula says.
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Thor Mining PLC - Australia-focused exploration and development company - Says maiden 2,000 metre drilling programme to begin later this month at Rim Rock, Groundhog and Section 23 prospects, located in Wedding Bell and Radium Mountain projects in Colorado. Says sampling at Kelly’s prospect, part of wider Ragged Range asset in Western Australia, ‘continues to return high-grade gold and copper rock chip’. In Northern Territory, Australia, Thor Mining has begun talks with possible joint-venture partners for Molyhil tungsten and molybdenum project.
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First Class Metals PLC - Lancashire, England-based minerals exploration company - Says new ‘high-grade’ nickel sulphide area spotted at Pickle Lake joint-venture. ‘This new massive sulphide discovery at FCM’s West Pickle Lake, 20 kilometres and potentially on strike from Palladium One’s high-grade Smoke Lake discovery gives credence that a new district-scale sulphide nickel play is opening,’ Chief Executive Marc Sale says. Power Metal Resources PLC, which holds 28% stake in First Class, notes announcement.
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Alien Metals Ltd - mineral exploration in Australia, Mexico and Greenland - Plans to raise £1.5 million in placing and subscription at 0.5 pence per share. Represents a 17% discount to Tuesday closing price of 0.6p. Funds will go towards furthering projects, including a drilling program at the Brockman iron ore asset.
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Atrato Onsite Energy PLC - London-based renewable energy investment trust - Buys Sonne Solar Ltd, which owns portfolio of solar PV systems, from Cero Generation. Cero Generation is a portfolio firm of Macquarie’s Green Investment Group. ‘The development portfolio consists of a further 33 pipeline sites that are part of a framework agreement with a single FTSE100 business,’ Atrato says. In addition, company reaches financial close for new rooftop solar project. Project has 25-year power purchase agreement with subsidiary of Recipharm AB. Two transactions amount to over £31 million combined.
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Downing One VCT PLC and Downing Four VCT PLC - venture capital trusts - Name changes to Thames Ventures VCT 1 PLC and Thames Ventures VCT 2 PLC, respectively, come into effect.
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