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88 Energy, Ondine Biomedical, Coinsilium, Gem Resources, BRCK Group - Small Cap Snapshot

88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) has agreed a farm-out deal worth up to $10.9 million for its South Prudhoe project in Alaska. Westlawn Americas Offshore takes a 40% stake, cutting 88 Energy's cost of drilling the Augusta-1 well.

Ondine Biomedical Inc (AIM:OBI, OTC:OBIMF) rose 5% after reporting safety data from its Phase 3 LANTERN trial. Only 0.31% of treated patients had a treatment-related side effect, and all were mild.

Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF, FRA:5CT) says its AI advertising venture BeatingHeart is on track for a public launch in late November or early December. The core commercial systems are built and tested.

Gem Resources PLC (LSE:GEMR, FRA:UZS) has agreed to sell its Gravelotte emerald mine interests in South Africa for $1.7 million plus potential royalties. It's shifting towards gold processing.

BRCK Group, (formerly known as Brickability Group PLC (AIM:BRCK) fell 12% after warning that weak housebuilding markets will push its full-year EBITDA to around £45 million. That's below the market consensus of £50.3 million.

Follow us and subscribe on YouTube, our social channels, and on proactiveinvestors.co.uk.

00:02 Speaker A

Hello, you're watching Proactive. Here's a look at some of the small cap companies in the news this Wednesday morning.

00:08 Speaker A

88 Energy has agreed a farm out deal worth up to $10.9 million for its South Prudo project in Alaska.

00:15 Speaker A

West Lord America's offshore takes a 40% stake, cutting 88 Energy's cost of drilling the Augusta one well.

00:22 Speaker A

Ondine Biomedical rose 5% after reporting safety data from its phase 3 Lantern trial.

00:28 Speaker A

Only 0.31% of treated patients had a treatment related side effect and all were mild.

00:33 Speaker A

Coinllium Group says its AI advertising venture beating heart is on track for a public launch in late November or early December.

00:41 Speaker A

The core commercial systems are built and tested.

00:44 Speaker A

Gem Resources has agreed to sell its Gravellot emerald mine interest in South Africa for $1.7 million plus potential royalties.

00:52 Speaker A

It's shifting towards gold processing.

00:54 Speaker A

And Brick Group fell 12% after warning the weak house building market will push its full year EBITDA to around 45 million pounds.

01:02 Speaker A

That's below the market consensus of 50.3 million pounds.

01:06 Speaker A

Follow us and subscribe on YouTube, our social channels and on proactiveinvestors.co.uk.

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