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TRADING UPDATES: Technology Minerals, Beeks Financial hail deal wins

14th Nov 2023 16:23

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Technology Minerals PLC - London-based battery metals and recycling firm - Says 48%-owned battery recycling business Recyclus Group Ltd receives order from automotive retail group Waylands for safe storage and transportation of lithium-ion batteries. "Waylands have taken their first delivery of LiBoxes and are using these to store waste Li-ion batteries across its Volvo retail network sites in Bristol, Reading and Oxford," Technology Minerals says.

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Beeks Financial Cloud Group PLC - Renfrew, Scotland-based cloud computing and connectivity provider - Wins deal with "tier 1 investment manager" for Proximity Cloud offering. The deal is worth USD1.3 million in total over a three-year period. There is an option to extend for a further two years. Beeks says: "This contract, combined with the previously announced USD4 million of Private Cloud contracts signed in July and the go live of Exchange Cloud at the JSE in September, have provided a strong start to the year and the company continues to make progress on the conversion of its significant pipeline."

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Guild Esports PLC - London-based esports business - Reports official public opening of simulation training facility. "The simulator facility houses six sim racing rigs provided by Guild's Official Sim Racing Peripherals Partner, Fanatec. In addition to the simulator facility serving as a training facility for Guild's professional esports players, the cutting-edge simulators provide an additional revenue stream to the company via experiential sim racing packages available for corporates, the wider public and the esports community," it says. The facility will open up a new revenue stream for the company. It explains: "Following the grand opening, Guild announces the launch of the simulator facility membership programme where prospective racers will pay a monthly fee for access to Guild's state-of-the-art setup at the Sky Guild Gaming Centre. This will serve as a revenue stream for the company and as a scouting opportunity for Guild's professional teams."

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Kanabo Group PLC - London-based patient focused healthcare technology and cannabis company - Extends pact with provider of health and beauty retail and e-pharmacy services in UK. "The contract extension will see Kanabo, through its integrated online telehealth platform The GP Service, continue to provide the retailer with video consultation and prescription services, which patients can access remotely and then collect through the group's network of over 4,000 UK pharmacies for a further 12 months," Kanabo says.

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Fonix Mobile PLC - London-based mobile payment and messaging platform - Has "positive start" to financial year, which ends in June. Reports strong income growth from new and existing media clients in both the UK and Ireland. "This week will see Fonix once again power donations for BBC Children In Need for the tenth consecutive year," Fonix adds. "The business has continued to progress its planned investment in both technology and exploring new international markets, as the business looks to expand its market reach whilst continuing to deliver new and enhanced products and services. With high levels of repeating revenue and a strong, expanding run-rate from key clients, the board continues to be confident in the growth potential for Fonix for the rest of the financial year and beyond."

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Surface Transforms PLC - Liverpool-based carbon‐ceramic automotive brake disc manufacturer - Raises GBP8.3 million from placing and subscription at 10 pence per share. It also plans an open offer to raise up to approximately GBP2.0 million. Announcing the fundraise on Monday, Surface Transforms said the cash will go towards working capital requirements.

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Inspired PLC - Preston, Lancashire-based England-based energy advisory and sustainability services provider - Enters new GBP60.0 million revolving credit facility agreement with Santander UK PLC and Bank of Ireland PLC. It replaces an existing GBP60.0 million facility with the banks which was due to mature in October 2024. New facility has three-year term until October 2026 and there is an option in place to extend to October 2028. Loan also has GBP25.0 million accordion option.

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Atome Energy PLC - Green hydrogen, ammonia, and fertilizer project development in Paraguay, Iceland, and Central America - Says 145 megawatt Villeta project in Paraguay granted free-trade zone status by presidential decree. It brings "significant financial benefits to the project and its funders".

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East Star Resources PLC - exploring for copper and gold in Kazakhstan - Says "multiple zones of massive and disseminated sulphides" found in logging at Verkhuba deposit confirmed to contain "high-grade copper". There is also the possibility of precious metals to be a by-product, amid presence of silver in mineralised zones.

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Pennpetro Energy PLC - Texas-focused oil and gas company - Reports "consistent oil production" after first full week of test output from Chalk Talk #1H well. Notes oil production of 794 barrels for the week or 113 barrels of oil per day average. Pennpetro adds: "Current production levels are significantly above the well's July 2022 shut in rate of around 15-20 bopd. This increase can be put down to the workover rig successfully cleaning out a number of bridge plugs (or blockages) below the bottom of the casing."

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Atlantic Lithium Ltd - Africa-focused lithium exploration and development company - Ghana unit Green Metals Resources Ltd granted Bewadze and Senya Beraku prospecting licences in eastern part of Cape Coast lithium portfolio. Cape Coast holds its flagship Ewoyaa project. "The award of the Bewadze and Senya Beraku prospecting licences provides the company exclusive access to explore new, undrilled tenure, offering significant potential to further enhance the project and demonstrating the government of Ghana's desire to support the company in its exploration efforts to deliver successful, long-term lithium production in Ghana following the recent grant of the mining lease for the project," the company says.

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Great Western Mining Corp PLC - exploring gold, silver and copper targets in Nevada - Says process mill in Nevada, being constructed by Western Mining LLC joint-venture, is nearing completion. It follows "delays outside the company's control". This included difficulties of securing concrete supplies, a lack of appropriately qualified personnel and unfavourable weather. Great Western adds: "Once the project is ready to start operations, anticipated before the end of the year, the timing of production start-up will depend on securing two separate permits, application for both having been made and the approvals of which are due and currently awaited."

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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