BrandShield Systems (BRSD), the cybersecurity solutions, brand protection and online threat hunting group, said it has completed a contract with a leading company in the payment processing sector. The auto-renewing, annual SaaS contract will provide protection services to the client against phishing and impersonation attacks, providing an end to end solution from monitoring threats to their take-down. Brandshield said payment processing platforms place a huge premium on security and their ability deal with huge volumes of transactions seamlessly and with absolute precision.
Vela Technologies (VELA) said it notes the recent update published by Excalibur Medicines Limited on the status of the ARCADIA clinical trial to test SGS002, a drug that could be beneficial to diabetic patients suffering from COVID-19. The update published yesterday by EML advises that the ARCADIA will publish a report on the results of the trial on 6 September 2021. EML was founded by biotech legend Professor Sir Christopher Evans, and is working closely with St George Street Capital Limited on the research project.
Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company updated on its flagship project in the Paradox Basin, Utah, U.S.A. It recently drilled the State 16-2LN-CC well to a Total Depth ("TD") of 14,370 feet, at which point a full suite of wireline logs was run and production casing was set. During drilling operations, the Cane Creek reservoir target indicated hydrocarbon charge across its entirety based on wireline logs, cuttings and mud gas readings. Multiple overlying reservoirs also indicated hydrocarbon charge. Zephyr said that the initial analysis of wireline log and other data from the State 16-2LN-CC has been completed.
Cora Gold (CORA), the West African focused gold company, announce the tenth set of drill results from the drilling campaign at its Sanankoro Gold Project in Southern Mali. The company has said it is focused on targeting resource growth as well as infill drilling to convert existing Inferred resources to Measured and Indicated. The results from the programme have been consistently extremely encouraging, with good widths and high-grade results in generally shallow oxide ore.
Clinical diagnostics group Novacyt (NCYT) announced a half year update in advance of its investor meeting today, showing that if nothing else, it can make good money. This is hardly surprising given the Government backed scamdemic of forced testing with the rip off pricing holiday makers are currently facing. Unaudited revenue for the first half of 2021 increased over 50% to £94.7 million, compared to £63.3 million for the first half of 2020. Of this total revenue, £54 million came from a mixture of overseas sales and a growing UK private testing market, leading to non-DHSC revenue growing 20% year-on-year. Novacyt’s Primerdesign has been awarded a new contract under the PHE National Microbiology Framework, effective immediately, for the supply of PROmate® COVID-19 tests to the NHS. One presumes that this contract was won after an extensive and fair tendering process. The contract is valued at up to £4.7m and will last until 31 March 2022. There are no minimum purchase levels as part of this contract. Separately, there is no further update to the announcement on 22 June 2021 in relation to the company's second supply contract with the DHSC which is in dispute.
Oriole Resources (ORR) said that further to its announcement on 16 August 2021, which reported diamond drilling results of up to 70.00m grading 1.46 grammes per tonne gold and 10.00m grading 1.69 g/t Au, respectively, at Faré and Madina Bafé, the company today reports partial results from the 4,854m Phase 1 reverse circulation drilling programme at Faré. Results for 38 out of 42 RC holes, drilled to test near-surface gold mineralisation at the Faré North and Faré Far South anomalies have delivered intersections of up to 11.00m grading 1.22 g/t Au and 35.00m grading 3.61 g/t Au respectively.
Quantum Blockchain Technologies (QBT) updated the market on its Crypto Mining Research and Development project, which it said in the first instance will be used for the deployment of a proprietary technology for more efficient cryptocurrency mining. The idea here is to develop Bitcoin mining tools and techniques which will significantly outperform existing mining equipment. Quantum said the radically advanced technologies being utilised; quantum computing, Artificial Intelligence and Deep Learning, suggests this is achievable.
UK technology company commercialising hydrogen production from waste plastic, Powerhouse Energy (PHE) announced that Peel NRE, part of Peel L&P, has submitted a planning application to develop its second waste plastic to hydrogen facility, using Powerhouse technology, at the Rothesay Dock on the River Clyde. The 13,500 tonne facility will be the second in the UK to use DMG® technology developed by Powerhouse, after plans for a similar facility at Peel NRE’s Protos site in Cheshire were approved in 2019.
Tertiary Minerals (TYM) provided an exploration update on its 100% owned Brunton Pass Copper Project in Nevada, USA. The company said systematic exploration at Brunton Pass has highlighted multiple zones of copper-skarn mineralisation with a possible overprint of mercury mineralisation which may represent the high levels of an epithermal system prospective for gold and silver. This is said to be shaping up as a priority target and Tertiary looks forward to reporting further exploration results from this prospect alongside the follow up trenching underway at its Pyramid Gold-Silver Project in Nevada and the recently optioned copper projects in Zambia.
For those in the market who are somewhat jaded with concepts like AI, VR and NFTs, it may be that Likewise Group (LIKE), the UK floor coverings distributor is a more down to earth company to look at. It starts trading on the AIM market at 8.00 a.m. today under the ticker LIKE. The company has also completed a placing to raise gross proceeds of £10 million at 25p giving it a market cap of approximately £48.1 million.
