Public Company News

MGC Pharmaceuticals says delivery of its Californian distribution deal for its cannabis-based skincare products is imminent.  In an operations update, the medical cannabis hopeful says it is ramping up cosmetics production at its Slovenian facility and is in advanced discussions on additional distribution agreements as it ramps up its international presence.

Stargroup look set to add the missing link to their burgeoning Automatic Teller Machine business after signing an MOU to buy the ATM machine switching, settlement and processing assets of 45 year old company Indue Limited. The debt funded acquisition which will cost $6.5m, will drop another $1.7m to Starhgroup's growing bottom line.   

Sky and Space Global has taken another step towards the launch of its innovative nano-satellite communications network, firming up its technical offering by gaining approval from the UK Ministry of Defence to use its UHF frequency. The company's share price recently jumped 44% in a singe day as the project looks more and more likely to come to fruition. 

Hammer Metals continues to shake up the Mt Isa exploration scene with a boost to its Kalman resource the latest in a run of exceptional news. The copper equivalent grade at Kalman has jumped from 1.3% to 1.8% following recent successful drilling and Hammer believes the deposit, which is open along strike and down plunge, still has more to offer.

American global electronics magazine EE Times has added a company that was backdoor listed in Perth to its highly anticipated annual list of hot tech start-ups to watch. ASX listed Weebit, that was recently backdoor listed into Radar Iron by Nedlands based corporate advisory firm Armada Capital, has made the EE Times “Silicon 60” list this year.

Blackham Resources has provided some certainty for investors by locking in forward gold sales at near record prices for part of its production from the 100,000+ oz-per annum Matilda gold project. More than 1/3rd of gold sales over the next 18 months are locked away providing Blackham with a solid foundation to launch big expansion plans.

MGC Pharma and The University of Sydney have released a new report on the clinically proven benefits of medicinal cannabis in a bid to increase its acceptance and draw attention to its potential medical benefits. More than 100 studies are currently underway which will provide a base load of clinical evidence for doctors and patients.

Well its official – Lithium mining is very lucrative and the hype surrounding the industry is real and justified. Pilbara Minerals had the market sitting upright with eyes and ears at the ready this week when they released their stunning financial projections for what could be the world’s largest Lithium mine just 100km south of Port Hedland in W.A.

Sky and Space Global has attracted another big name partner as it counts down to the launch of its first nano-satellites in the second quarter of next year. The company has entered an MOU with US$7 billion tech giant Flextronics, just one week after signing with Sir Richard Branson’s Virgin Galactic to ferry its nano-satellites into orbit.

The University of Cambridge has begun a second phase of canine trials of PharmAust’s promising anti-cancer drug, taking it a step closer to widespread availability for pet owners. The trial will also provide information on the potential for the Perth-based company’s new drug as a breakthrough cancer treatment for humans.

With a swag of drill results from two exciting projects on two different continents due out over the next few weeks, ASX punters will no doubt be watching Sipa Resources closely with one hand on the buy button. Sipa this week starts a new phase of drilling at Akelikongo, its highly-rated nickel-copper prospect in Uganda. 

ASX listed PharmAust subsidiary Epichem has been elevated to a select group of biotech companies that have achieved ISO 9001:2015, an internationally recognised certification for quality, continual improvement and customer focus. Epichem unertakes biotech research for some of the world's largest pharmaceutical companies in Perth.