The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Renalytix PLC - London-based diagnostics company focused on kidney health - Notes the results of primary care use of KidneyIntelX in early-stage chronic kidney disease. Reports a 10% improvement in the HBA1c levels in high-risk patients in first six months. Says that 57% of high-risk patients had action taken within 3-months, compared to 35% for low-risk patients. ‘The impacts of KidneyIntelX early risk assessment, at 90 days and 180 days, are very encouraging as we can now state that we have observed early intervention in the highest risk patients can result in positive clinical outcomes, before kidney disease advances to a critical point. This prospective study in a real-world health care system setting demonstrates that risk-informed care in the earliest stages of chronic kidney disease is not just a vision, it’s a reality,’ Chief Medical Officer Michael Donovan comments.
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Fox Marble Holdings PLC - marble quarrying - Says it was awarded €383,177 in damages plus £454,584 in costs by in the London Court of International Arbitration from its proceedings against a customer based in India. Says no issues remain to be awarded. The amounts awarded bear an interest rate of 8% per year, it says.
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Panther Metals PLC - Canada-focused mineral exploration company - Receives the findings of the follow-up geochemical soil sampling programme 1 in the Barker area of the Manitou Lakes project in Ontario, Canada. Identifies a 300-meter strike extent of linear anomalous and high-grade gold in soils at the Barker prospect area. ‘These results from the latest round of soil geochemical sampling at Manitou Lakes have almost doubled the strike extent of anomalous gold to 700m at the exciting Barker area prospect in the east of the project area,’ Chief Executive Darren Hazelwood says.
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Kingswood Holdings Ltd - London-based wealth and investment management - Buys Cheshire-based financial advisory firm JFP Holdings Ltd. It is the holding company of JFP Financial Services Ltd. Pays a total cash consideration of up to £12.4 million, payable over a two-year period. ‘The acquisition of JFP Holdings will expand our geographical footprint into the Northwest region and an affluent South Manchester area. JFP Holdings are a high-quality business that has operated with its affiliate Josolyne & Co, a leading chartered accountancy practice, for many years,’ CEO David Lawrence comments.
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Synergia Energy Ltd - Perth-based developer of natural gas assets in India, Indonesia and the UK, formerly called Oilex Ltd - Says that gas production from its C-77H well at the Cambay was around average of 270,000 cubic feet per day in November. Says oil production from the field averaged 23 barrels of oil per day for the month.
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Faron Pharmaceuticals Ltd - Turku, Finland-based clinical-stage biopharmaceutical company - Appoints Maija Hollmen as chief scientific officer. ‘Hollmen is the world-leading expert on Clever-1 biology and Clever-1-expressing tumour-associated macrophages,’ Chief Medical Officer Marie-Louise Fjallskog says. ‘Her support is essential to bexmarilimab’s development. Faron is pleased to have her on board in the chief scientific officer role to bring her knowledge of the target molecule and develop it further.’
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Kropz PLC - African phosphate developer - Says that it agreed to a R 121.5 million, or $7.1 million, bridge loan facility to meet its immediate cash requirements at Elandsfontein. Reports that R 242.5 million remains available for drawdown over the term of the R 550 million equity facility.
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Riverstone Credit Opportunities Income PLC - energy infrastructure and energy-transition credit investor - Realised its investment in Hoover CS with a $1.6 million gross profit. Also reports an upsized investment in a new sustainability-linked first-lien term loan for Hoover. ‘Hoover CS has a demonstrated track record of helping its customers across multiple end markets improve environmental performance and the circularity of their supply chains, and we are pleased to partner with them on their next phase of growth. This investment is in-line with our stated yield target and focus on sustainability-linked loans. It also means that RCOI is now almost fully invested,’ Managing Director Danny Flannery comments.
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US Solar Fund PLC - owns and operates solar power assets in North America - Reports changes to key personnel at its investment manager New Energy Solar Manager Pty Ltd. Explains that these changes come amid strategic reviews. Says Liam Thomas will continue to lead the strategic review. Says that Adam Haughton will be leaving NESM in December to pursue an alternative career opportunity. ‘The board remains fully committed to the strategic review process and is entirely focused on delivering a successful outcome that maximises value for all our shareholders as soon as practically possible. The board would like to wish both Liam and Adam well in their new endeavours and thank them for their commitment to USF since its IPO,’ Chair Gill Nott says.
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Gensource Potash Corp - fertilizer development company based in Saskatchewan, Canada - Plans to raise gross proceeds of C$6.0 million, or £3.6 million, in a non-brokered private placement. The offering will consist of up to 20.0 million units of the company at a price of C$0.15 per unit. Further, it plans to offer up to 15.0 million common shares at a price of C$0.20 per flow through share. Intends to use the net proceeds from the sale of the units to advance the Tugaske project.
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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Says that it achieved ‘significant’ progress at the Villeta project in Paraguay. Says that its green hydrogen and ammonia Villeta project expanded to a world-scale 120 megawatt capacity capable of producing up to 100,000 metric tonnes of ammonia per year. ‘We are grateful for the confidence that ANDE [the Paraguayan National Power Company] is showing in Atome by increasing our power supply to 120MW, enabling Paraguay to become the leader on the continent in the fast-growing green hydrogen economy. In parallel, we are announcing that, after a competitive tender process including some of the leading engineers in the field, we have appointed as [front-end engineering design] contractor, a very strong consortium of engineering and industrial companies with a track record of delivering ground-breaking energy projects across Latin America and the world, combined with unparalleled expertise in the ammonia sector,’ CEO Olivier Mussat comments.
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