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TRADING UPDATES: Orosur touts Pepas drilling, Churchill laments demand

ALN

The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Orosur Mining Inc - South America-focused minerals explorer and developer - Updates on progress of exploration activities at its 100%-owned Anza Project in Colombia. The company is currently focused on three prospects within the project: Pepas, APTA and El Cedro. Drilling is currently being undertaken at Pepas. In parallel, mapping and sampling are being undertaken over the El Cedro porphyry system in the south of the project area. Says recent drilling at Pepas has largely concentrated on a small central core, where a body of high-grade gold mineralisation is being defined from the surface. ‘Additional drilling has also been undertaken around this central core to understand the wider geological context and as the commencement of a larger-scale exploration program’, adds. Results from holes drilled at Pepas include: 38.5 metres at 6.01 grams per tonne of gold; 62.3m at 12.76g/t Au and 53.2m at 3.36g/t Au.

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Churchill China PLC - Stoke-on-Trent, England-based ceramics manufacturer - Says hospitality markets remain challenging with reduced demand for its product, particularly in export. April performance broadly in line following a late Easter though May and June were ‘materially below target’. Expects half-year profitability significantly lower than a year ago. UK and US sales are robust, but Europe and Rest of the World track behind last year. Says the German market has been difficult in particular. Comments: ‘We have also experienced trading down from our more expensive non-round pressure cast product into our own lower priced round product. We continue to be the supplier of choice into our distributor network, but it is the restaurants, particularly the independents, where cost pressures are creating market contraction, new installation projects remaining at lower levels, and increased competitive intensity. Replacement business remains at expected levels from the extensive installed base.’ Reduces hospitality production in line with new demand profiles. Says this has resulted in lower factory recoveries in addition to reduced margin due to sales mix. Retains healthy cash balance which it continues to prioritize. Expects recovery in the medium term. Churchill China reports first-half results in early September.

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MyHealthChecked PLC - Cardiff, Wales-based consumer home-testing healthcare company - Signs supply agreement with Boots UK Ltd to supply a range of lateral flow self-tests and laboratory tests under the Boots Own Brand label. The contract has an initial term of 12 months and covers products including eight blood tests, one DNA test, and four lateral flow self-tests. Expects Boots to launch sales by August. Chief Executive Officer Penny McCormick says: ‘We’re delighted to have secured this supply into Boots in the expansion of its range of own brand wellness tests. We have developed a strong working and commercial relationship with Boots over the past four years, and we’re excited to see this continue.’

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Technology Minerals PLC- London-based company that aims to create a circular economy for battery metals - 48.35% owned battery recycling business Recyclus Group secures £8.1 million in funding via a consortium with Mint Innovation, Jaguar Land Rover and the University of Warwick. The investment is half funded by the Department for Business and Trade through the Advanced Propulsion Centre UK. Technology Minerals operates Recyclus through its 100%-owned subsidiary LiBatt Recycling Ltd. Comments: ‘The project will prove Mint’s low-carbon, hydrometallurgical black mass refining technology at demonstration scale, with recycled critical materials such as lithium, nickel and cobalt produced as part of an onshore circular battery supply chain for electric vehicles.’

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Mycelx Technologies Corp - Georgia, US-based clean water and air technology firm - Unveils preliminary half-year results. Revenue is $1.7 million due to on-site delays at the Nigeria project, pushing the delivery and $5.5 million of revenue recognition to October 2025. Says revenue in the half relates primarily to recurring media sales, paid trials and a small equipment sale. Expects second half revenue to include about $7.0 million of project revenue from Nigeria REGEN and Middle East EOR projects, plus an increased rate of recurring media sales, PFAS project revenue and another small equipment sale. Remains on track to meet 2025 guidance of revenue between $12.5 million and $15.5m. Says 90% of revenue at the lower end of the range is either already contracted or expected recurring media sales. Cash and cash equivalents at June 30 are $693,000, with a further $600,000 of payments received shortly after the end of the first half. Expects to release its final unaudited results for the first half in September. Chief Executive Officer Connie Mixon says: ‘Despite a project timing shift impacting first-half revenue recognition, we have made critical operational progress in our key markets, which we believe will unlock substantial long-term revenue opportunities. Looking ahead, we remain on track to deliver our full-year financial guidance, supported by strong second-half revenue visibility, increasing adoption of our solutions, and an expanding pipeline of opportunities. We continue to actively manage our working capital while exploring other ways to finance the manufacture of capital equipment for the Permian Basin. With the support of industry expert Jim Summers and the dedication of our team, we are confident in our ability to deliver meaningful growth and value to our stakeholders in 2025 and beyond.’

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