Proactive news headlines: IQ-AI Limited, Alpha Growth PLC, Thor Mining PLC, ECSC

(LON: IQAI) said it has received US regulatory clearance for a virtual biopsy that can help assess chronic liver disease. The group noted that it has received US Food & Drug Administration 510(k) market clearance for the Liver Surface Nodularity (LSN) software developed by AI Metrics. IQ-AI unit, Imaging Biometrics, has the global rights to manufacture, market, and distribute the technology, which presents a new way to analyse CT scans for conditions including liver inflammation, early fibrosis, advanced fibrosis, and cirrhosis.

() said that assets under management (AUM) at its BlackOak Alpha Growth Fund have grown to roughly US$20mln. The financial services specialist in the growing senior life settlement asset class said it received US$7.6mln in subscriptions in October alone. The growth in AUM is significant because some investors are prohibited from comprising more than a certain proportion of a fund’s assets, thus as the fund grows, so the range of potential investors grows. The fund continues to perform well and is on course to provide a return within the 10% to 14% target range, Alpha Growth said. For the months of August and September 2020, the returns were 1.82% and 1.42% respectively.

() told investors that the first project milestone has been achieved for its Colorado prospects as sampling results reveal high-grade assays. The company, which is earning into the assets through a deal with vendors American Vanadium (AVU), said the sampling results have exceeded the criteria for the first milestone share issue to AVU. Some 18mln Thor Mining shares are now being issued to AVU as a performance payment. Sampling, carried out in the due diligence period, has yielded assay results of high-grade uranium (up to 1.25%) and vanadium (up to 3.47%). For the performance to apply fifteen or more samples would’ve needed to measure above 0.1% uranium or 1% vanadium.

(), the provider of cybersecurity services, said it saw momentum continue in the third quarter with adjusted underlying earnings exceeding £50,000 a month. The group also said its revenue for the quarter had exceeded the average quarterly revenue seen in 2019, with Managed Detection and Response (MDR) recurring revenue up 22% compared with the same quarter of 2019. In a sign of growing confidence, the group added that it has resumed recruitment in Security Operations Centres, partner and MDR sales and consultants to meet growing demand.

() is deploying its data-driven commerce platform to power bundled subscription services for BT Group (). The electronic payment specialist said its technology will be a “key integration point to deliver a range of third-party products”. Bango added that the partnership will open up greater entertainment and commerce opportunities for BT’s customer base. The first launch will be BritBox, the BBC-ITV ‘boxsets’ offering, where BT customers will be given a six-month complimentary subscription before being offered the chance to continue paying for the content.

() () has told investors that flow back operations continue for the Kyalla 117 N2-1H ST2 well at the Beetaloo project in Australia’s Northern Territory. In an operational update, the company noted that following a short initial flow back of hydraulic fracture stimulation fluid to surface, the well was shut-in and production tubing was successfully installed and tested. Subsequently, during late October, flow back operations recommenced and the company said that the well is currently flowing back at a rate of approximately 500 barrels per day with minor gas breakthroughs observed to date. Falcon owns a 22.5% interest in the project which is operated by Origin Energy.

() has announced that BrickLive Animal Paradise is currently being installed at Naples Zoo in Florida in readiness to open to the public on November 21, 2020.  The AIM-listed media and events group noted that this is the first time it is working with Naples Zoo – one of the…