Roast News Service - RNS - Monday 24 February 2025
#TM1 #EPP #VAL #GUN #CPH2 #CRDL #GEM #LIFS
Technology Minerals Plc (LSE:TM1), the UK's pioneer in battery metals recycling, announces that its 48.35%-owned subsidiary, Recyclus Group Ltd, has secured a Transfrontier Shipment of Waste (TFS) licence, enabling the sale and transport of black mass to Europe under its offtake agreement with Glencore plc. The first 100-tonne shipment is set for March 2025. Produced at Recyclus' lithium-ion battery recycling facility, black mass contains valuable metals like lithium, nickel, cobalt, and manganese, feeding back into the battery supply chain. Chairman Robin Brundle called the agreement with Glencore a major milestone, reinforcing confidence in Recyclus' technology and product quality.
@TechMinerals
EnergyPathways plc (AIM:EPP) announces progress on its MESH energy storage project, designed to support the UK's "Clean Power by 2030" target by providing large-scale, long-duration energy storage and reducing reliance on unabated gas. The company has signed an MOU with a clean energy fund for cornerstone equity financing at multiples of its current share price, complementing its Global Green Asset Financing loan facility. EnergyPathways is also in discussions with a Tier 1 FTSE 100 company regarding gas storage capacity, sales off-take, and project debt financing. Following consultation with the North Sea Transition Authority (NSTA), the company is restructuring its petroleum licensing for MESH to better align with project goals, with a decision on its gas storage licence application expected soon. The final concept engineering report for MESH-H2, a 640MW hydrogen storage facility, has been submitted to the Department for Energy Security and Net Zero (DESNZ). CEO Ben Clube emphasized MESH’s role in accelerating the energy transition with private capital, offering a commercially competitive solution to meet the UK's clean energy goals without relying on public subsidies.
@energy_pathways
ValiRx Plc (AIM:VAL) announces the conclusion of its Evaluation Project with Imperial College London. After synthesizing, testing, and profiling drug candidates from the Dual Kinase series, the company has decided not to proceed with further development at this stage. Responsibility for the intellectual property reverts to Imperial College London, with no further financial commitment from ValiRx. CEO Mark Eccleston expressed appreciation for the collaboration and intends to maintain close contact for potential future agreements.
@valirxplc
Gunsynd Plc (AIM:GUN) provides an update on investee company Aberdeen Minerals Limited’s (Aberdeen) exploration at the Arthrath Project. Assay results from the 2024 drilling campaign confirmed the thickest and highest-grade intersections to date, with downhole geophysics indicating further potential at depth. Notable results include a 33m intercept at 0.6% Ni and 0.3% Cu, with multiple shorter intervals around 1% Ni, supporting the presence of high-grade sulphide bodies. A deeper intercept of 22m at 0.5% Ni and 0.3% Cu strengthens the model of an expanding sulphide conduit system. Aberdeen has identified the depth extension as a high-priority target and remains well-funded with £2.5m cash as of 31 December 2024. Gunsynd, which holds 2,000,000 shares in Aberdeen acquired for £150,000, will continue to provide updates on future drilling programs.
@GunsyndPlc
Clean Power Hydrogen plc (AIM:CPH2) announces the successful completion of Level 1 of the Site Acceptance Test (SAT) for its MFE110 electrolyser at Northern Ireland Water’s Belfast site. This marks the first of three SAT stages, verifying that mechanical and electrical components align with documentation and safety standards. Following its Factory Acceptance Test in September 2024, the MFE110 was decommissioned, shipped, and installed in December. Lagan MEICA Limited, overseeing the SAT process, is now progressing to Level 2, which will assess functionality and control system operations. Level 3 completion, expected in H1 2025, will confirm the first fully operational deployment of CPH2’s scaled Membrane-Free Electrolyser technology. CEO Jon Duffy highlighted this as a crucial step toward commercial hydrogen and oxygen production.
@CleanPowerH2
Cordel Group PLC (AIM:CRDL) announces an expanded contract with Genesee & Wyoming Inc. (G&W), increasing coverage from 900 to 2,000 track miles and adding a second Cordel Rugged LiDAR system for G&W's American Region railroads. Cordel’s AI-powered analytics will enhance clearance assessments, particularly for high and wide loads, with data stored and processed in G&W's proprietary instance of 'Cordel Connect' and the extended D/Gauge RIFT platform. CEO John Davis highlighted the rapid expansion as a validation of Cordel’s services and reaffirmed investment in the US sales and engineering team to drive growth in rail corridor data analysis and Positive Train Control.
Gemfields (AIM:GEM) reports results from its mini-auction held from 19-21 February 2025, selling previously unsold higher-quality emeralds from the November 2024 auction. The auction generated USD 4.8 million in revenue, with 10 of 13 lots sold (77%), totaling 45,864 carats at an average price of USD 105.49 per carat. Managing Director Adrian Banks noted stronger bids and improved demand despite subdued market sentiment. The emeralds were sourced from Kagem (75% owned by Gemfields), with proceeds fully repatriated to Zambia and royalties paid to the Zambian government.
@GemfieldsLtd
LifeSafe (AIM:LIFS) announces an initial purchase order worth over £100,000 from its US distributor, Fire Suppression Solutions LLC (FSS), for 600 of its new 6-litre fire extinguishers containing its patent-pending lithium thermal runaway fluid (TRF ). The order, placed by a global battery manufacturer and a leading marine corporation, highlights growing demand for advanced fire suppression solutions against lithium-ion battery fires. Chairman Dominic Berger emphasized the industry’s increasing recognition of LifeSafe’s innovative, non-toxic fire extinguishing fluids. FSS CEO Amy Scheu noted strong pre-orders and reinforced the product’s role in addressing global fire safety challenges with eco-friendly solutions.
@LifesafeT
DAILY ROUNDUP Pre-Market Open
London stocks are set for a muted open on Monday, with the FTSE 100 expected to rise just 2.1 points after closing slightly lower on Friday. Prime Minister Keir Starmer will join world leaders in a call hosted by Ukrainian President Volodymyr Zelensky, reaffirming the UK's strong support for Kyiv as new sanctions against Russia are introduced. Meanwhile, the UK government is injecting £200 million into Grangemouth as the refinery prepares to close, positioning it as an investment in Scotland's industrial future. A new report highlights the rapid expansion of the UK's net zero sector, adding £83 billion to the economy and driving regional growth. In currency markets, sterling edged higher to $1.2664, while the euro and yen saw slight movements. Wall Street closed sharply lower on Friday, with the Dow and S&P 500 both down 1.7% and the Nasdaq falling 2.2%, while in Asia, Japan’s Nikkei rose 0.3%, but Chinese markets dipped. Gold ticked up to $2,937.53 an ounce, while Brent crude slipped to $74.36 a barrel. Monday’s corporate and economic calendar features full-year results from ME Group International and eurozone inflation data.