Todays Top RNS's from Vox Markets: Helium One, ITM Power Plc, Mkango Resources Ltd and more
Helium One Global Ld - Jackson-29 Flow Test Results & Gas Analysis Update
Helium One Global Ltd (AIM: HE1) has announced promising results from the Jackson-29 well in Colorado's Galactica Project, revealing natural helium flows reaching 320 Mcfd, projected to stabilize between 350 Mcfd and 450 Mcfd. Initial analysis shows helium concentration at 3.30%. This development advances their joint venture with Blue Star Helium Ltd.
ITM Power PLC - FY25 guidance raised
ITM Power PLC has updated its FY25 guidance, reporting a 30% revenue increase to £25.5m-£26.5m due to additional contractual obligations fulfilled. The company was net cash generative in H2, ending with cash of £204m-£205m. Adjusted EBITDA loss guidance remains £32m-£36m. CEO Dennis Schulz highlights ITM's strong revenue performance and competitive positioning.
Mkango Resources Ltd - COTEC & MKA APPOINT LEAD ENGINEERS PEGASUSTSI &BBA
COTEC AND MKANGO APPOINT LEAD ENGINEERS PEGASUSTSI AND BBCoTec Holdings Corp. and Mkango Resources Ltd. have engaged PegasusTSI Inc. and BBA USA Inc. for engineering, procurement, and construction management services for HyProMag USA's rare earth magnet recycling project in Texas. The initiative aims to fulfill 10% of US domestic NdFeB magnet demand within five years, targeting first revenue in H1 2027.
Helium One Global Ld - Helium and CO2 Plant Construction Permit Approved
Helium One Global Ltd (AIM: HE1) announces that Blue Star Helium has secured permitting approval to construct the Pinon Canyon Plant, a critical helium and CO2 processing facility for the Galactica Project in Colorado. This represents a significant development milestone, with strong local support and suitability found for the proposed location.
Greatland Gold PLC - Surrender of Director and employee share options
Greatland Gold plc (AIM:GGP) announced that 327.7 million share options held by directors and key managers, along with an additional 170 million held by senior employees, will be surrendered. This move is in line with corporate governance best practices and follows Greatland's significant transformation, including acquiring the Telfer and Havieron gold-copper projects.
Shield Therapeutics - Licence Agreement in Japan for ACCRUFeR®
Shield Therapeutics plc has announced an exclusive license agreement with VITAL-NET, Inc. for the commercialization of ACCRUFeR® in Japan. Shield will receive an initial payment of ~$665,000, regulatory and sales milestone payments, and double-digit royalties. This partnership enhances Shield's global presence, targeting Japan's significant iron deficiency market.
Oracle Power PLC - Placing to Raise £318,600
Oracle Power PLC has secured £318,600 through a placing of 1.77 billion new shares at 0.018 pence each. The proceeds aim to advance projects in Australia and Pakistan and boost working capital. The new shares are expected to start trading on AIM around April 25, 2025, enhancing the company's capacity to accelerate its strategic initiatives.
Ricardo PLC - Business and Strategy Update
Ricardo plc remains confident in delivering FY24/25 results within analyst expectations, despite market challenges. With significant revenue secured, ongoing cost reductions, and strategic initiatives in environmental and energy solutions, Ricardo is positioned for growth. Recent acquisitions and divestments underpin a transformative strategy, enhancing shareholder value and streamlining operations for a more efficient business model.
East Star Resources - Final Results
East Star Resources PLC (LSE:EST) presents its annual financial results, highlighting significant progress in copper and gold exploration in Kazakhstan. Key achievements include the maiden JORC Mineral Resource Estimate for the Verkhuba Copper Deposit and a US$0.5 million grant from BHP Xplor. Additionally, a joint venture with Getech was formed to explore sediment-hosted copper deposits.
Novacyt S.A. - Notice of Results
Novacyt S.A. will publish its audited annual financial results for the year ending 31 December 2024 on 30 April 2025. An investor webinar with CEO Lyn Rees and CFO Steve Gibson is scheduled for the same day at 11.00am BST. The webinar is open to existing and potential investors via the Investor Meet Company platform.
Celebrus Tech - Trading Update and Accounting Policy Review
Celebrus Technologies announces changes to its accounting policies to focus on software revenue. FY2025 revenues are expected to be below forecast at $38.6 million, while adjusted profit before tax is estimated at $8.7 million. The company is emphasizing Celebrus Cloud offerings and redefining Annual Recurring Revenue (ARR) for clearer investor insight. Full results are forthcoming in July 2025.
Kavango Resources - ZIM: US$5m CLN secured from Zimbabwe Pension Funds
KAVANGO RESOURCES PLC: US$5m CLN Secured from Zimbabwe Pension Funds
Kavango Resources plc has secured a US$5 million convertible loan note facility from a consortium of Zimbabwean pension funds. The interest-free facility, convertible at 1p per share, aids Kavango's gold exploration and mine development efforts in Zimbabwe, supporting its expansion strategy and encouraging local shareholder engagement.
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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.