ATOME (LON: ATOM) has announced a collaboration agreement with the state-owned power company in Cost Rica to assess the feasibility of a green fertiliser project in the country. Costa Rica imports all its fertiliser requirements. The project will be a similar size to the 145MW project in Paraguay. A final investment decision has yet to be secured on that project, but it should happen in the next few months.
Transport analytics provider Cordel (LON: CRDL) has started Data-as-a-Service monitoring for Network Rail (High Speed), which maintains the infrastructure for High Speed One. This is the line between St Pancras International and the Channel Tunnel. On-train equipment has been installed data is being processed using AI.
Ayala Deutsch has been appointed a finance director of Ethernity Networks (LON: ENET).
Bradda Head Lithium (LON: BHL) has published results of the gravity survey at its Basin clay project in Arizona. There is a significant gravity low over the Basin North area. The clay beds are thicker than previously reported. Delivery of a resource of more than 2.5mt unlocks a $3m payment from royalty company LRC and that should be possible with limited drilling. A drilling campaign is planned for the very near future.
Security and surveillance systems developer Petards (LON: PEG) has secured a contract extension with a key customer and this is worth £300,000 over 12 months. The contract covers the company’s real time failure and incident management system for rail infrastructure.
FALLERS
Vast Resources (LON: VAST) is asking shareholders for approval to issue additional shares and for a capital reorganisation that will consolidate 54 shares into nine new shares. The consolidated share price will then be well above the 0.1p par value. The company is trying to reassure creditors that it can raise cash to pay them.
Co-founders Cathal Friel and Brendan Buckley and related interests are selling 14 million shares in infectious disease testing services provider hVIVO (LON: HVO) at 28p each. This is one-quarter of their shareholdings. There is an accelerated bookbuild.
Pan African Resources (LON: PAF) produced 98,458 ounces of gold in the six months to December 2023. All-in sustaining costs were slightly lower at $1,287/ounce, but the full year figure is likely to be higher. Interim pre-tax profit increased 47% to $42.4m. Net debt rose from $53.7m to $64.3m. The Mogale tailings retreatment project should be up and running by the end of 2024 with annual production of 50,000 ounces at a lower cost than current projects.
Valentina Slater, sales director of Anexo (LON: ANX) subsidiary Direct Accident Management, has sold 703,030 shares in the legal services and credit hire company at an average price of 65.7p/share. She still owns 2.82%.
