Keras Resources (LON: KRS) has started production of PhoSul granules at its joint venture processing facility in Utah. PhoSul helps to reduce phosphorous run-off and water contamination. Between 8,000 and 10,000 tons could be produced this year. The share price jumped 60.7% to 4.5p.
Premier African Minerals (LON: PREM) says the supplier of the float plant for the Zulu lithium and tantalum project confirms that it can produced SC6. It has already done better than that, but changes are being made to ensure this continues. All-in projected cost is less than $750/ton of SC6 when output reaches 4,000 tons/month. The share price is 12.1% higher at 0.065p.
Trinidad-focused Touchstone Exploration (LON: TXP) shares rose 11.2% to 34.75p after it said it achieved net sales of 5,432 barrels of oil equivalent/day in the second quarter of 2024. Current average production was 5,711 boe/day with production improving at Cascadura.
Haleon has announced that it will launch the Futura Medical (LON: FUM) erectile dysfunction topical gel treatment Eroxon in the US before the end of 2024. This will trigger the US launch milestone. The US is a bigger potential market than all the other sales regions combined. So far, Eroxon has been launched in Belgium and the UK with more to follow. The share price increased 6.65% to 36.475p.
Braveheart Research (LON: BRH) investee company Gyrometric has been awarded £300,000 to develop a monitoring system for large journal bearings for wind turbines. Gyrometric has developed technology to monitor rotating shafts and detecting minute irregularities in motion. Braveheart Investment increased its stake in Gyrometric from 15% to 21.4%. The share price improved 5% to 5.25p.
Quadrise (LON: QED) says that Valkor has gained approval to drill more than 100 production wells as part of the plan to commercialise heavy sweet oil from oil sands in Utah. This will provide suitable base feedstock for future production of Quadrise reduced emission products. Once Valkor raises $15m in project finance it will pay $1m to Quadrise. The share price rose 2.88% to 1.6975p.
FALLERS
Jaywing (LON: JWNG) has lost some of yesterday’s gains after saying it did not know of any reason why the share price had risen. It is 30% lower at 2.1p.
Orosur Mining Inc (LON: OMI) continues to work on the deal to reacquire 100% ownership of the Anza gold project in Colombia. The details have been more complex than expected and this has caused delays. The share price dipped 9.09% to 3.5p.
Synergia Energy (LON: SYN) has closed the farm out deal with Selan Exploration Technology, for the transfer of a 50% interest in the Cambay PSC in India. Synergia Energy has received a $2.5m upfront payment. Synergia Energy will be carried on the $20m, 18-month work programme. This includes three workovers and three new wells. The share price is down 5.88% to 0.12p.
Ex-dividends
CML Microsystems (LON: CML) is paying a final dividend of 6p/share and the share price declined 2.5p to 307.5p.
Greencoat Renewables (LON: GRP) is paying a dividend of 1.69 cents/share and the share price fell 1.2 cents to 90.9 cents.
James Latham (LON: LTHM) is paying a final dividend of 26p/share and the share price slipped 70p to 1445p.
Nichols (LON: NICL) is paying a special and interim dividend of 69.7p/share and the share price is 62.5p lower at 1162.5p.