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Proactive snapshot: Mkango Resources, Iofina, Kosmos Energy

A look at some of the top stories from the Proactive newswire on Monday

Stack of newspapers

Mkango Resources Ltd (LON:MKA, TSX:MKA) is buying a stake in a company that has developed a technology to recycle rare earth magnets, which it hopes to employ at its Songwe Hill project in Malawi.

Seeing Machines Limited (LON:SEE) said revenue in the current fiscal year is expected to be more than 40% higher year-on-year after rising 4% to A$31.9mln in the year to the end of June 2019.

VR Education Holdings PLC (LON:VRE) shares climbed on Monday after the group reported an acceleration in revenue growth during its first half.

Iodine producer Iofina PLC (LON:IOF) notched up record half-year revenues in the first six months of 2019, with revenue up 29% to US$14.53mln and underlying earnings (EBITDA) soaring 172% to US$1.97mln.

Crossword Cybersecurity PLC (LON:CCS) is aiming to close “several large opportunities” in its final quarter, while orders for its Rizikon Assurance product almost doubled in the first half.

Amur Minerals Corporation (LON:AMC) says it is looking at other areas where it can improve the economics of its Kun-manie project now that work on its Russian reserves requirement has started.

Premier African Minerals Limited (LON:PREM) chairman Michael Foster has stepped down as the group edges closer to manganese miner MNH Holdings.

MTI Wireless Edge Ltd (LON:MWE) has won a US$1mln contract to supply military antennas to an unnamed European customer over the next 15 months.

Independent Oil & Gas PLC (LON:IOG) told investors that on 20 September it settled its €100mln senior secured bond, which sees the North Sea firm on-track to fund its core development project.

Kosmos Energy Ltd (LON:KOS, NYSE:KOS) has revealed successful results from the Yakaar-2 appraisal well, offshore Senegal, which has confirmed “world class” gas resources.

Oncimmune Holdings PLC (LON:ONC) has made three senior appointments that strengthen the team as commercial development of its cancer diagnostic gets into full swing.

Metal Tiger Plc (LON:MTR) chief executive Michael McNeilly has described himself “delighted” as 59.81% investee Kalahari Metals Limited (KML) landed approval for its environmental management plan for the Kitlanya projects in Botswana.

Faron Pharmaceuticals Ltd (LON:FARN) said discussions to find a commercial partner for its cancer immunotherapy continue.

Avation PLC (LON:LSE) has delivered a second new ATR 72-600 aeroplane to the South Asian airline US-Bangla Airlines at an operating lease agreed at market rates.

Brady PLC (LON:BRY), the trading and risk management solutions firm, said a focused programme to deliver business efficiencies has been initiated.

Union Jack Oil PLC (LON:UJO) executive chair David Bramhill highlighted “significant progress” across its three key projects - West Newton, Biscathorpe and Wressle – as the onshore oiler released its half yearly results.

Solo Oil PLC (LON:SOLO) has boosted its senior management with the appointment of Romina Mele-Cornish as chief financial officer and Doug Rycroft as chief operating officer.

Instem PLC (LON:INS) enjoyed a solid first half as it cited the financial restructuring of recent years and the “increasing efficacy” of the company’s technology and services for its success.

Gfinity PLC (LON:GFIN) has hailed a rise in engagement with its community of gamers and esports watchers as part of a drive to create “significant new and recurring revenue streams”.

Redx Pharma (LON:REDX) will deliver a poster presentation at the European Respiratory Society International Congress 2019 in Madrid, Spain on 28 September-2 October 2019. The poster relates to RXC006, the company's potential treatment for the orphan disease, idiopathic pulmonary fibrosis (IPF), which is being prepared for clinical trials during the second half of next year.

Caledonia Mining Corp PLC (LON:CMCL, NYSEAMERICAN:CMCL, TSX:CAL) has appointed mining industry veteran Nick Clarke as an independent non-executive director with immediate effect.

Strategic Minerals PLC (LON:SML; USOTC:SMCDY) has made an arbitration claim for at least US$21mln plus damages against the main customer of the company’s Cobre magnetite operation in the USA.

Power Metal Resources PLC (LON:POW) has highlighted “large scale” nickel sulphide targets at its projects in Botswana and Tanzania as it updated investors on the status of its various projects.

Greatland Gold PLC (LON:GGP) says it had hit “several broad intersections” of gold mineralisation during drilling at its Black Hills project in Western Australia.

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