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2021-04-27 by Proactive Australia
MGC Pharmaceuticals Ltd (ASX:MXC)(LON:MXC)(OTCMKTS:MGCLF)(FRA:H5O) has completed arguably its best-ever quarter, with a London Stock Exchange (LSE) listing and record sales highlighting a busy period.
The European-based biopharma company, developing and producing phytocannabinoid-derived medicines, released its March quarterly report this morning.
It also gained Ethics Committee approval for a Phase III trial to evaluate the efficacy and safety of its COVID-19 drug, CimetrA
TM, expanded its pre-clinical brain cancer study and locked in additional funding.
Break-even on the horizon
MGC CEO Roby Zomer told investors the company was now ready to capitalise on years of hard work.
2021-04-27 by Proactive Australia
St George Mining Ltd (ASX:SGQ)(FRA:S0G) has used recent geophysical surveys to identify multiple new nickel-copper sulphide targets at its flagship high-grade Mt Alexander Project in WA s north-eastern Goldfields.
Ground-based EM surveys completed along the Cathedrals Belt identified similar shallow EM conductors to those that resulted in nickel-copper sulphide discoveries at Stricklands, Investigators, Cathedrals and Radar.
However, the ground-based EM surveys were of limited effectiveness at West End because of the conductive cover to the west of Investigators.
Subsequently, a high-resolution ground gravity survey has been completed over West End and Investigators with data supporting the prospectivity of the area for nickel-copper sulphides.
2021-04-26 by Proactive Australia
Archer Materials Ltd (ASX:AXE)(OTCMKTS:ARRXF)(FRA:38A) has strategically expanded its commercial access to institutional deep tech infrastructure as part of its biochip development.
This is expected to help overcome commercial and technological barriers to biochip development.
Archer is now directly accessing world-class analytical facilities with state-of-the-art, atom-scale quality control capabilities.
The infrastructure access is necessary to carry out the company s biochip development and allows Archer to qualify its semiconductor device production processes as the company advances towards sub-10 nm biochip feature sizes. Access to world-class facilities
Chief executive officer Dr Mohammad Choucair said: We are very pleased to secure access to world-class facilities that would otherwise be extremely costly to purchase and operate ourselves.
26 April 2021 | 09:15am
StockMarketWire.com - Oil and gas production and development company EnQuest said it had signed a share purchase agreement with Whalsay Energy to purchase their 100.00% stake in the P1078 licence containing Bentley heavy-oil discovery. This discovery is within c.15 kilometres of the group s existing Kraken and Bressay operated interests, offering further long-term potential development opportunities and other synergies, the company said.
Completion of the deal would be depend on the satisfaction of a number of conditions precedent, including the UK Oil and Gas Authority granting an extension of the existing licence term, which is currently due to expire 30 June 2021, and the receipt of other third party approvals.