'Energy marshmallow sales fell in the third quarter.'

Alliance News - Here are updates on companies featured Wednesday and not separately reported by Alliance News:

Knights Group Holdings PLC

Legal and professional services firm Knights Group Holdings PLC today announced the appointment of David Wilson as Non-Executive Chairman with immediate effect. It is noted that Wilson currently holds the position of Non-Executive Chairman at LBG Media PLC and is a former Vice-Chief Executive Officer of GB Group PLC. Wilson has also held the positions of chief financial officer and chief operating officer at EnviroFone Group. It is noted that Wilson replaces Bel Johal, who is leaving the company after 12 years of service. The head of the company David Beach''comments, "We are delighted to welcome Dave to Knights. He brings to our team extensive experience in scaling businesses organically and through acquisitions, gained over a long and successful career at several public and private companies. I look forward to working closely with him as we continue to execute on our strategy to further strengthen our position as a diversified, premium provider of legal and professional services on a national scale. "

Zephyr Energy PLC

The Rocky Mountain oil and gas company reported that revenue from its Williston Basin project in the third quarter of 2023 declined 15% to $6.0 million compared to $7.1 million in the second quarter. It is noted that sales volume''s fell 25 percent to 1,043 barrels of oil equivalent per day, down from 1,385 barrels in the second quarter. The average oil price in the quarter was $64.35, down from $56.64. Profit from operations in the third quarter rose 2.4% to $4.3 million, up from $4.2 million in the previous quarter. CEO Coplin Harrington commented, "Our unmanaged assets continue to generate stable and strong cash flow, allowing Zephyr to continue to fund investment and growth both within and outside of our own portfolio. "

Red Rock Resources PLC

The company, which explores and develops natural resources in Africa, South America and Australia, said 200 tons of lithium ore has been prepared for export, with''The first truck has already left Harare, Zimbabwe for the port of Beira in Mozambique. Chairman Andrew Bell said: 'We are beginning to export lithium ore from Zimbabwe and expect this to become a growing part of the company's business. At the same time, we continue to strengthen and improve our lithium inventory and the execution of additional sites to ensure long-term profit visibility.

Northern Bear PLC

The Newcastle, England-based construction company announced the approval of a tender offer to buy back up to 5.0 million shares at 62 pence per share, at a total cost of 1.3 million pounds. It is noted that non-executive chairman Jeff Baryshnik is stepping down with immediate effect. Harry Samuel will take over as chairman.

Mineral & Financial Investments''Ltd

An investment company focused on the natural resources sector said that Redcorp Empreedimentos Mineros Lda and Ascendant Resources Inc are finalizing a metals purchase and sale transaction with Sprott Resource Streaming & Royalty Corp. It is noted that the deal includes a $4 million deposit increase for future production at their Lagoa Salgada VMS project in Portugal. The deal will also increase the stream percentage to 2.75% of gross metals, up from 1.75%. The amendments are expected to be funded by November 29. M&F holds a 20% stake in Redcorp, with Ascendant holding the rest.

Harland & Wolff Group Holdings PLC

A manufacturer of structures for the offshore and oil and gas industries with offices in England, Northern Ireland and Scotland - has announced that the appeal hearing for the project on''Islandmagee gas storage will take place on February 6 and 7, 2024. It is noted that the company believes that any appeal is "without merit" as the claims were rejected at trial on all five grounds. It is noted that the applicant has reduced the number of grounds to two in this appeal. Islandmagee is a salt cave gas storage facility in Antrim, Northern Ireland. The company was granted an offshore license for the project by the Department of Agriculture, Environment and Rural Affairs in Northern Ireland in November 2021.

Zegona Communications PLC

The London-based company, which invests in the European telecommunications, media and technology sector, said it has raised £484,272 through a placing of 322,848 new shares at 150p per''share. The proceeds will be used to finance the acquisition of the Spanish part of Vodafone Group PLC.

Amte Power PLC

London-based developer and manufacturer of lithium-ion and sodium-ion battery cells - said funding talks are continuing. It is added that the company has enough cash until the week of November 27, but this will not be enough to fund the company subject to the fulfillment of conditions and completion of the proposed £2.5 million subscription. It is noted that if negotiations fail, the company is likely to be unable to meet its financial obligations and will be forced to file for bankruptcy.

Author: Harvey Dorset, reporter''Alliance News

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