Proactive news headlines: Argo Blockchain PLC, Remote Monitored Systems

() said it will co-lead an investment into Luxor Technologies, a management platform designed to maximise earnings for cryptocurrency miners. The AIM-listed crypto firm said as part of the deal it will invest US$100,000 into Luxor, which the investee will then use to make several key engineering hires to strengthen the development of its hashrate management platform and build out its proof-of-work software infrastructure.

PLC () said it has noted shareholder concerns and has unveiled a number of changes to its board that it says are expected to be completed within a few weeks. The AIM-listed group said it intends to appoint Alex Vergopoulos as an executive director of RMS with responsibility for its subsidiary Pharm 2 Farm Limited (P2F), of which he is a director.

United Oil and Gas PLC () shares rose on Wednesday as the company said the ASH gas pipeline has been completed at the Abu Sennan licence in Egypt, in which it holds a 22% interest. The AIM-listed company said the pipeline, which links the ASH field to gas processing facilities at El Salmiya, was completed on time and under budget and successfully brought onstream on December 27. United added that over the last two days the pipeline has delivered an average of 5.45mln standard cubic feet per day (MMscf/d) of gas, around 1,090 barrels of oil equivalent per day (boepd), equating to an additional 1.2MMscf/d (240 boepd) to its own working interest and in line with expectations.

() finance director Graham Stevens has said the best days for the firm’s POS-GRIP technology “lie ahead” in an update to investors at the company’s AGM on Wednesday. In the statement, Stevens highlighted the company’s “proven disruptive technology” and that POS-GRIP “delivers true and verifiable leak-proof HG metal-to-metal seals and generates considerable cost savings for operators due to reduced installation and downtime”. In a separate statement, Plexus announced that at the annual general meeting held today which was held as a closed meeting as a result of the coronavirus pandemic and at which the required quorum was present, each of the resolutions set forth in the Notice convening the meeting were passed.  The chairman of the meeting demanded a poll of votes on all of the resolutions proposed, each of which were passed by an excess of votes cast in favour of the requisite majority.

Chaarat Gold Holdings Limited () has entered into an agreement to refinance the outstanding US$7mln of an investor loan originally made in November 2018. The refinancing includes US$0.2mln of accrued interest with the terms a reduction in the coupon to 9.5% and an extension of the maturity date until 31 December 2024.

 () shares rose on Wednesday as the company said it has submitted a third party Power Market Outlook Study (PMOS) and an updated Feasibility Study to Electricidade de Moçambique (EDM) for its 300-megawatt coal-fired power project and coal mine in Mozambique. The AIM-listed firm said the PMOS “confirms the project as one of the most advanced and credible baseload power supply options in Mozambique and one of the most competitive coal projects in the region”, and that the submission of both studies represented the last outstanding requirement from EDM following submission of the project power tariff in March. Ncondezi added that it has held meetings with EDM and departments in the Mozambique government to present the studies.

 () said it has established an environmental social and governance (ESG) committee with an aim to “integrate sustainability best practice into all decision-making” and support the development of the company’s technology to help accelerate the UK’s clean energy transition. The company, which specialises in technology that produces hydrogen from waste plastic, said the ESG committee will ensure that it “promotes achievement of the UN Sustainable Development Goals throughout its business”, with particular scrutiny…