Oracle Power (ORCP) shares jump 26.47% to 0.43p after it successful drills gold project
On Tuesday, the natural resources project developer noted that the first phase of Reverse Circulation (RC) drilling had been successfully completed at its Northern Zone Gold Project.
The Northern Zone is in an area highly prospective for gold and is around 25km east of Kalgoorlie, the home of the ‘Super Pit’ mine, the second largest gold mine in Australia.
In total, up to 260 metres deep mainly targeting gold mineralisation within a series of stacked porphyry intrusions were drilled. 1,161 samples have now been dispatched to ALS Global.
Tintra (TNT) shares rose 23.53% to 105p after the group expands the terms of its MOU
On Wednesday, Tintra outlined to investors that previously announced heads of terms of a proposed artificial intelligence (“AI”) joint venture have been expanded through an MOU.
The Group said it had entered into the MoU with London-based Time Machine Capital 2 Limited, a specialised AI investment and research business focused on applied AI in the financial services markets and its affiliate, the award-winning Fintech, Finsenr Limited.
Tekcapital (TEK) shares rose 16.36% to 32p following publication of new US FDA goals
This morning, the UK intellectual property investment group acknowledged a decision made by the U.S. Food and Drug Administration (FDA) to release voluntary sodium reduction goals for the food industry in what it describes as “a major milestone” for the United States.
The new set of voluntary sodium reduction goals for the food industry will “provide measurable voluntary short-term (2.5-year) goals for sodium content in commercially processed, packaged, and prepared foods to reduce excess population sodium intake.”
Dr. Jennifer Ashton, Chief Medical Correspondent of broadcast network ABC News said the news “could be the biggest, most important intervention in a generation for public health.”
Tekcapital said this morning’s news marked ‘a significant milestone’ for its subsidiary, Salarius, which develops and manufactures the proprietary low-sodium salt MicroSalt®.
QinetiQ Group (QQ.) shares fell 13.02% to 286.3p amid positive trading performance
In a trading update released today QinetiQ Group said its half year performance to date is in line with market consensus expectations. It said it has delivered strong underlying operating performance at Group level with ‘excellent order intake’ at £700m, 25% higher than 1H21.
For the full year, the Company expects to deliver mid-single digit organic revenue growth at c.5% and underlying operating profit margin at the lower end of our 11-12% expected range.
The Company added that operating cash flow for its second quarter has been good and that it has retained a strong balance sheet with net cash at 30 September 2021 of around £140m.