The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Tintra PLC - Windsor, Berkshire-based firm building banking and infrastructure technology systems - Says was notified Friday by the US Patent & Trademark Office of the forthcoming grant of a patent. Patent relates to Tintra’s innovations in AML, KYC and Web 3.0 technologies. Based on this result Tintra now expects further patents under these applications will be granted this year, at which point further updates will be made. Chief Innovation Officer Davy Smith says: ‘The granting of this patent represents the first concrete confirmation of the ground-breaking technological advancements we are making.’
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Cora Gold Ltd - West Africa-focused gold company - Closes $19.80 million fund raising. Grants share options to directors, management and consultants over 14.35 million shares exercisable at 4 pence each expiring on March 13, 2028. Chief Executive Bert Monro comments: ‘Over the coming months we look forward to providing progress updates on our flagship Sanankoro Gold Project.’ The Sanankoro gold project is in southern Mali.
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Tungsten West PLC - mining company focussed on restarting production at the Hemerdon tungsten and tin mine in Devon, UK - Names Neil Gawthorpe as new Chief Executive Officer with immediate effect. Hopes Gawthorpe will join the board imminently. Says Francis Johnstone and Grace Stevens have stepped down as non-executive directors with immediate effect. Adds board is well advanced in the process of identifying additional suitable industry experienced non-executive directors. Reports early stage works on the Hemerdon restart project commenced in January 2023 and are continuing safely and as planned. States the company has now received four of the five permits required for the project restart. Says actively engaged in advanced negotiations with potential funding partners in respect of a combination of royalty, debt and equity financing, in order to secure the funds necessary to complete the project. Failure to secure sufficient near-term funding would mean the board would need to reappraise the scope and timing of project delivery.
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Macaulay Capital PLC - venture and development capital company - Announces it has taken over the management of the unquoted investment portfolio of Chelverton Asset Management Ltd.
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Gelion PLC - Anglo-Australian battery storage innovator - Buys intellectual property assets in relation to sulfur cathodes, electrolytes and additives from the University of Sydney. The IP was previously exclusively licenced to Gelion under a grant made by the University in 2021 which provided Gelion with an option to acquire the IP for A$130,000. Deal will be funded by the issue of 171,396 ordinary shares at 42.83 pence each on March 17.
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