All English refuelling assets owned by ITM Power (Trading) Limited have been transferred to ITM Motive, and resources and personnel have been transferred to ITM Motive, which was set up as a division in 2020 with the appointment of Dr Duncan Yellen as managing director.
ITM Motive owns and operates a portfolio of 12 hydrogen refuelling station assets, eight of which are currently commissioned with a further four in the process of being built or funded.
1.45pm: Infrastrata suffers subsidence after fundraising
InfraStrata PLC (LON:INFA) is to raise GBP9mln or more through a placing of shares at 30p a pop, sending the shares 21% lower to 31.25p.
The infrastructure specialist intends to raise up to an additional GBP4.1mln through an open offer at the same price.
The net proceeds from the fundraising will be used to carry out material fabrication works as the company has now secured its first major contract through the GBP26m Saipem contract recently won.
12.50am: Quadrise Fuels rises after stock overhang is removed
The company announced in February that GBP537,500 of convertible securities were to be converted into ordinary shares at 3.2p. This conversion has now taken place and 16.8mln shares were issued.
No amount now remains outstanding under the convertible security, and no further convertible securities are outstanding, Quadrise said.
11.55am: Pelatro deepens relationship with existing customer
The Asian telco group has about 230mln subscribers spread across various jurisdictions and under a new agreement, the operating companies in the various jurisdictions can be serviced by Pelatro under one agreement and receive new products and services at pre-agreed pricing.
At the same time, it will more deeply embed Pelatro into their operations and help to ensure an even closer working relationship with them, the AIM-listed software firm said.
11.00am: Nightcap to buy Adventure Bars
The shares fell 15% to 28.5p after the company said it is seeking to raise around GBP4mln through a share placing at a price yet to be determined.
The company is paying a maximum of GBP2.5mln to acquire the Adventure Bar Group, which will see Nightcap become the operator of an additional nine bars.
10.05am: Helium One rises after identifying new drill-ready targets at Rukwa
The company said a total of 200 kilometres (km) of seismic data was captured. It said it has identified new drill ready targets at the project. They are stacked prospects that are now believed to span a larger area than those interpreted from historical data.
9.10am: Katoro Gold and Caerus Minerals light up the mining sector
The reports focuses on the results and findings of additional technical and financial work that was conducted on the project in response to the recommendations and findings of the Blyvoor Scoping Study announced last May.
The optimisation results indicated that overall recoveries of up to 60% can be achieved by milling the coarser fraction of the feedstock that comprises around 30% of the total run of mine.
Caerus has granted Jubilee a six-month exclusive period to assess all of Caerus’s surface-based mining waste and tailings assets in Cyprus with a view to converting them into one or more joint ventures.
Jubilee will investigate and assess the remnant ore and multiple waste stockpiles from the 16 mines that operated historically on Caerus’ concessions, including those of the recently acquired PR Ploutonic Resources Ltd.
Shares in Jubilee were up 0.5% at 17.08p.