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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Alkemy Capital Investments PLC - London-based firm focussed on developing projects in the energy transition metals sector - Subsidiary Tees Valley Lithium Ltd enters into a memorandum of understanding with Altilium Metals Ltd. This is for the latter to supply Tees Valley Lithium from its battery recycling facility with lithium sulphate feedstock, alongside investigating the supply by Tees Valley Lithium of lithium hydroxide for Altilium Metals’ planned cathode active materials production facility, also in Teesside, England. Both will also work together to source further lithium feedstock and to collaborate to ensure a sustainable and robust battery supply chain of cathode active materials to northeast England.
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Mosman Oil & Gas Ltd - New South Wales, Australia-based oil exploration, development and production company - Third quarter output up 93% to 11,960 tonnes barrels of oil equivalent from 6,212 boe in the second quarter. Notes improved production at Stanley and Winters wells and that it made significant progress in growing the production portfolio after the Cinnabar-1 well started production.
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Tremor International Ltd - New York-based advertising technology company - Launches its first-to-market self-service cross-platform planner, which aims to solve the ‘fragmentation of linear and digital viewership’. Says the technology enables broadcasters to maximize reach and frequency allocation holistically across linear and digital inventory, and provides advertisers and agencies with ‘optimised, actionable cross-screen media plans’. Says ‘major broadcasters and agencies’ are engaged in extensive testing with the planner. Chief Strategy Officer Kenneth Suh says: ‘For a long time, the industry has been asking for a solution like our cross-platform planner that meaningfully breaks down silos between planning, execution and reporting, and provides predictable reach forecasts across linear and digital. With the growing distribution and availability of CTV content driving greater viewership, traditional linear advertisers can now confidently expand their reach into digital and understand the impact of their spend with broadcasters in a cross-screen manner. Ultimately, these tools are to the benefit of consumers, who get a better, more sophisticated experience with ads no matter where they’re consuming content.’
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Uru Metals Ltd - Toronto-based investor and mine project developer - Notes ZEB Nickel Corp has begun drilling at Zeb project in Limpopo, South Africa. Says this is after Uru successfully completed the disposal of the project in August 2021. Uru says the project remains its primary focus via its 74% interest in Zeb Nickel and in its continuing role as the project’s technical adviser. Zeb Nickel Non-Executive Chair James Nieuwenhuys says: ‘Over the years the project team have assimilated and refined the geological model and we are now confident that this next round of drilling will confirm areas of high-grade nickel and nickel-copper-PGE mineralization. Our aim is to produce a preliminary economic assessment to map out an achievable path, subject to a positive feasibility study, to the development of a fully de-risked, low-cost, high-grade nickel sulfide project.’
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