Kibo Energy Plc

Roast News Service - RNS - 16th January 2024. #KIBO #CMRS #BHL #N4P #HEMO #BLOE #EQT #COPL #NTOG Kibo Energy (AIM: KIBO) has released an interim strategy update outlining its commitment to developing sustainable energy solutions in Southern Africa, the UK, and Ireland. The company focuses on renewable energy generation, waste-to-energy, and energy storage. It has established relationships with sustainable technology OEMs in energy storage, biomass production, and biofuel technologies. Kibo is working on a joint development agreement with a food and beverage producer for a bio-coal pilot plant. It has also received preliminary approval for development funding from a Southern African development banking institution for a waste-to-energy project. The company's project portfolio includes reserve power, waste-to-energy, long-duration energy storage, and biofuel projects at various development stages.@KiboEnergy Critical Mineral Resources plc (LSE:CMRS) has acquired 26 exploration permits in central Morocco, which are prospective for copper, antimony, tungsten, lead-zinc, and gold. CMR acquired these permits through the acquisition of Hesperis Resources SARL, a Moroccan company. These permits cover approximately 400 km² in the Rabat, Beni-Mellal, Agadir, and Errachidia administrative regions of Morocco, areas with established mining sites and infrastructure. As part of the agreement, CMR will issue 3.0 million shares to the owners of Hesperis at completion and an additional 1.5 million shares at the start of drilling. The acquisition expands CMR's footprint and exposure to critical metals and minerals. Bradda Head Lithium Ltd (AIM:BHL), a North America-focused lithium development group, has announced final drilling results from the San Domingo Central target area in Arizona. These results are part of a larger drilling program and include encouraging lithium (Li2O) intercepts across various target pegmatites. Notable results include 7.28 meters at 1.27% Li2O, 5.18 meters at 0.88% Li2O, and 5.06 meters at 0.49% Li2O. Additionally, significant amounts of tin, tantalum, beryllium, rubidium, caesium, and niobium were found in proximity to lithium deposits. These results suggest the potential for open-pit development of lithium resources due to the shallow nature of mineralization.@BraddaLithium N4 Pharma Plc (AIM:N4P) N4 Pharma's subsidiary, Nanogenics Limited, signed a contract for the formulation and sequence selection work to prepare its ECP105 product for pre-clinical studies in Glaucoma treatment.@n4pharma Hemogenyx Pharmaceuticals plc (LSE:HEMO) The company submitted a complete response to the FDA regarding the Clinical Hold on the Investigational New Drug (IND) application for HEMO-CAR-T, a potential treatment for AML using CAR-T therapy.@HemogenyxPharma Block Energy plc (LSE:BLOE) identified a Carbon Capture and Storage (CCS) opportunity in Block XIB in Georgia, which has significant CO2 storage capacity. The company plans to explore the potential for a net-zero CO2 industrial hub.@BlockEnergyplc EQTEC plc (AIM:EQT) secured a €2.9 million loan facility from Banca del Fucino S.p.A. to support EQTEC Italia MDC Srl and the Italy Market Development Centre for waste-to-value solutions.@eqtec Canadian Overseas Petroleum Limited (LSE:COPL) completed a $2.5 million equity financing, providing short-term working capital to address liquidity needs. Nostra Terra (AIM:NTOG) signed a strategic partnership with Cypress to jointly develop production growth opportunities across an 80,000-acre area in East Texas, focusing initially on the sub-Clarksville horizon. DAILY ROUNDUP Pre-Market Open UK stocks are set to open lower as Donald Trump secures the Republicans' endorsement in Iowa's presidential nomination contest, injecting volatility into trade, foreign policy, and financial markets. In Davos, European policymakers' hawkish remarks have rattled bond markets, challenging expectations of imminent rate cuts. Treasuries were shaky in Asia, and the dollar strengthened. MSCI's Asia ex-Japan share index slumped to a one-month low, led by Hang Seng's 2% drop. Today's agenda includes British labor market data, Hugo Boss earnings, a German sentiment survey, the US Empire manufacturing survey, and pre-market results from Goldman Sachs and Morgan Stanley. Fed Governor Christopher Waller's speech on the economic outlook will be closely watched for its impact on rate expectations. Fed funds futures fell in Asia, even though they've already priced in about 160 bps of rate cuts for this year. Shipping disruptions in the Red Sea, with a missile strike on a US-owned dry bulker, pose a risk to the inflation outlook. Key developments include economic data releases, earnings reports, and speeches from central bank officials.