Proactive news headlines: Ondine, AFC Energy, Tirupati, Shanta … – Proactive Investors UK

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Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background – a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed… Read more
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.
Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.
We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.
The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.
Proactive has always been a forward looking and enthusiastic technology adopter.
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Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.
Published: 09:59 23 Oct 2023

Castillo Copper Ltd (ASX:CCZ, LSE:CCZ) will soon embark on an extensive exploration campaign at the NWQ Copper Project, following a decision to classify the Mt Isa copper-belt project in Queensland as a “core asset” in the company’s portfolio.
Other assets, including the Cangai Copper Mine, BHA Project and Zambian projects are still under review by the company’s geology team.
China’s decision to curb exports on graphite, a crucial mineral in the production of batteries for electric vehicles (EVs), has sent shares of North American graphite companies soaring.
The Ministry of Commerce and the General Administration of Customs revealed that export permits would be required for synthetic graphite materials, including high-purity, high-strength, and high-density varieties, as well as for natural flake graphite, starting in December.
Sirius Real Estate’s continued receipt of a BBB  rating from agency Fitch is encouraging especially in the current environment, says broker Berenberg.
Fitch acknowledged the LFL rental growth for 2023 of 7.3% in Sirius’s German portfolio (80% of the total) and 8.5% in the UK and highlighted that current rental levels remain affordable for the company’s diversified tenant base, particularly for small and medium enterprises (SMEs).
NextSource Materials Inc. has made its first bulk container shipment of SuperFlake graphite from its Molo mine in Madagascar.
This first shipment of Molo SuperFlake graphite has been sent to the company’s downstream technical partner’s Battery Anode Facility (BAF) to be processed into spheronized, purified graphite (SPG) that will then be further processed into coated SPG (CSPG) as part of large scale, multi-step verification tests being conducted by electric vehicle (EV) supply chains in South Korea and Japan.
BATM Advanced Communications Ltd (LSE:BVC) is taking good strides forward as evidenced by today’s investment in ADOR Diagnostics, according to house broker Shore Capital.
Ador is a molecular diagnostics company developing the disruptive NATlab molecular biology platform, notes the broker.
iClima Earth CEO Gabriela Herculano speaks to Thomas Warner from Proactive after publishing the September edition of the “Monthly Dose of Climate Solutions” report.
Herculano starts by giving a brief overview of the iClima Global Decarbonisation Enablers UCITS ETF, which focuses on companies offering low-emission solutions. She notes the challenges in the market, particularly in September, with rising interest rates and changes in legislation affecting sectors like solar panel installation.
Graphite groups got big share mark-ups on news China has tightened restrictions on the export of certain types of carbon material.
Tirupati Graphite, which jumped 25% this morning, said it expects the price of graphite to rise once the controls are introduced in December.
AFC Energy PLC (AIM:AFC, OTC:AFGYF) has potentially developed a world-leading ammonia cracking technology, according to analysts following the company.
In an independent test conducted by the UK’s National Physical Laboratory (NPL), it produced an impressive 99.99% pure hydrogen.
Chief executive of UK-based data, services, and software company 4GLOBAL PLC (AIM:4GBL), Eloy Mazon, recently sat down with Proactive to discuss significant contract wins in Mexico and the Middle East.
Maon detailed the company’s international expansion, the intricacies of calculating social value, and the promising future ahead.
Cavendish has reiterated a target price of 285p for Destiny Pharma PLC (AIM:DEST, OTC:DTTYF) – representing a significant premium to the current valuation of 55p.
In a short note, the corporate broker hinted at a potential re-assessment of this target if the company materialises a strategic partnership deal.
In a recent interview with Proactive’s Thomas Warner, cleantech group EQTEC PLC (AIM:EQT)’s chief executive David Palumbo and chief operating officer Jeffrey Vander Linden discussed their strategic moves to navigate through the turbulent waters.
Both leaders were optimistic about turning EQTEC’s share price around, attributing the current downturn to broader market trends.
Nuformix PLC (LSE:NFX), the pharmaceutical company, lifted over 6% in early Monday trading after receiving patent approval from Japanese authorities for NXP002, its lead asset and a potential novel treatment.
Issuing a grant notice for the treatment entitled “crystalline tranilast salts and their pharmaceutical use”, the London-listed firm said the patent covers the inhalation of the new tranilast drug.
Shanta Gold Ltd (AIM:SHG, OTC:SAAGF)’s strong run of form is continuing, says house broker Liberum, with both of its operating mines in Tanzania delivering above expectations in its latest quarter.
Guidance for the year to end December 2023 was reiterated at 90-98,000oz of gold production, but Liberum expects the company to come in just over the top of that.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said further drilling at the Gilar deposit in Azerbaijan confirms an extension to earlier discoveries with intercepts of up to 21 metres (m) of continuous gold and copper mineralisation.
Drilling in Gilar’s deeper zone has already indicated gold, copper and zinc with an intercept thickness of over 20m and this latest drilling further extends this, it added. 
Europa Oil & Gas (Holdings) PLC (AIM:EOG) made significant progress operationally and financially in the 2022/23 financial year, chief executive Will Holland told investors in the company’s results statement.
Holland highlighted the continued development work at Europa’s flagship asset, the Wressle oilfield, which he said consistently performs above initial expectations.
ECR Minerals PLC (AIM:ECR) said outcrop mapping and sampling at Upper Gorge Creek at the Lolworth project, North Queensland had indicated the presence of gold.
“A number of exposed outcrops up to 3m wide x 20m long in the Gorge Creek West ridgeline show gold results up to 13.75 g/t Au from initial rock chip testing” said the statement.
Metals One PLC (AIM:MET1) has reported that two drill holes at the SRH Råna project in Norway have shown “high-grade massive sulphide nickel, copper, and cobalt mineralization”.
The results from the two holes indicate strike length of 150 metres, within a previously undrilled area which is open along strike and down dip, the company said in a statement.
Shanta Gold Ltd (AIM:SHG, OTC:SAAGF) has reported steady production in its latest quarter as its new mine in Tanzania, Singida, exceeded production expectations again.
Total production in the three months to end September 2023 was 27,935 ounces, with New Luika output at 18,271 oz and Singida at 9,664 oz or 15% above forecasts.
AFC Energy PLC (AIM:AFC, OTC:AFGYF) has unveiled a significant development in its ammonia cracker technology with the pioneering method optimised to transform ammonia into hydrogen with an impressive efficiency rate of 99.99%.
Hydrogen is typically derived from ammonia — a compound made of hydrogen and nitrogen. AFC Energy’s process ensures that this conversion releases pure hydrogen, suitable for fuel cells and combustion, and nitrogen, which is safely released into the atmosphere.
Harvest Minerals Ltd (AIM:HMI, OTC:HMIFF) said orders for its multi-nutrient, direct application fertiliser KP Fértil for delivery in 2023 now amount to 70,000 tonnes (t).
Most of this is expected to be invoiced by the end of 2023, Harvest added, with 22,500t invoiced by the end of September.
Canadian life sciences firm Ondine Biomedical Inc (AIM:OBI) said that its Steriwave nasal photodisinfection protocol contributed to a 66.5% decrease in spine surgery infection rates at Vancouver General Hospital.
Not only that, it is estimated to have helped garner $2.5 million in savings.
Frontier IP Group PLC (AIM:FIPP) has taken a 32.8% stake in Deakin Bio-Hybrid Materials, a Manchester-based cleantech startup based at the Graphene Engineering Innovation Centre at the University of Manchester.
DeakinBio has developed BioSintering, an alternative to ceramic tiles made from organic waste such as chickpea broth or algae, along with widely available inorganic powders such as crushed limestone.
Europa Metals Ltd (AIM:EUZ, JSE:EUZ) confirmed on Monday that a formal licence application for the Toral mining project in Spain has been submitted.
All necessary documents covering restoration and environmental impact were submitted to the authorities of Castilla and Leon, Europa said in a statement.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) said it expects prices to rise following China’s introduction of export controls from the start of December in a move it says will safeguard its national interests.
Flake graphite is the largest constituent of lithium-ion batteries used in electric vehicles (EVs) and grid energy storage with supplies currently dominated by China.
BATM Advanced Communications Ltd (LSE:BVC) has invested US$3.5 million as part of a US$7.5 million fundraising round by ADOR Diagnostics, raising its stake in the molecular diagnostics company to 43.6%.  
ADOR is developing NATlab, an advanced diagnostics platform using isothermal technology for faster, more accurate detection of infectious diseases. Pre-clinical trials are underway at a hospital.
ClearVue Technologies Ltd (ASX:CPV, OTCQB:CVUEF) has secured a A$30 million at-the-market facility (ATM) with Alpha Investment Partners in preparation for the commercialisation of its solar glass technology worldwide.
The ASX-listed smart building materials company chose the ATM to provide it with standby equity capital over the next five years as it works to scale its globally significant ClearVuePV IGU glazing products and integrated ClearVuePV Solar Façade solution.
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