Alkemy Capital Investments (ALK), said that VSA Capita) has initiated coverage on the company.
The research follows a recent site visit by VSA to Wilton International Chemicals Park and the Teesside Port facilities, where Alkemy, through its wholly-owned subsidiary Tees Valley Lithium Ltd, has secured a 9.6ha brownfields site to develop, construct and operate the world’s leading independent and sustainable lithium hydroxide production facility.
Cellular Goods (CBX), a UK-based wellness company, announced the launch of an industry-backed petition, ‘Stop the ban on advertisement of CBG and CBD products on social media and search engines’, to encourage Google and Meta, as well as other leading technology and social media companies, to remove cannabigerol and cannabidiol from their list of prohibited content and allow brands to sell and advertise these products on their platforms. It will be interesting to see whether the King Canute like initiative will prevail.
Poetically named FireAngel (FA.), a developer and supplier of home safety products, announced it has signed an agreement with its bank, HSBC UK Bank plc and UK Export Finance, for a standby letter of credit facility which is supported by UK Export Finance, up to a combined sum of £3,500,000, for an initial term of 12 months.
First Tin (1SN), a tin development company with advanced, low capex projects in Germany and Australia, announce that high grade mineralisation has been confirmed at its Gottesberg tin project in Germany with an initial intercept of 6.5m @ 0.98% Sn from 124.7m downhole. The company said it was “pleased” to confirm the presence of high grade mineralisation at the Gottesberg tin project in Germany, which is in close proximity to our Tellerhäuser project. Mineralisation from this area is intended to deliver additional ore for processing at a central processing facility, building its presence as a supplier of conflict free, local tin for the German and European technology market.
Upland Resources (UPL), announced the lifting of the temporary suspension and the restoration of trading. Upland has a 32% interest in the Inner Moray Firth licence P2478 licence and deems it to be of key strategic importance going forward. Dunrobin has been evaluated to be one of the few remaining sizeable undrilled targets in the UK North Sea with estimated gross mean prospective resources of circa 100 MMbbl. The nearby Beatrice field c.20km north of Dunrobin produced over 140 MMbbl from the same petroleum system. The company said it is in process of restructuring the management team and is presently in consultation with some “high calibre” candidates.
Agronomics (ANIC), the listed company focused on the field of cellular agriculture, said it has led the founder’s round of Liberation Labs Holdings Inc through an initial investment of $627k for a 47% equity stake. Liberation Labs aims to become the “global leader” of precision fermentation with purpose-built production facilities for industrial biotechnology. The investment will be made using funds from the company’s own resources.
Cloudbreak Discovery (CDL), a natural resources project generator, announced that it has engaged Precision GeoSurveys to conduct a high-resolution helicopter-borne magnetic survey over the Northwestern Portfolio, comprised of Northern Treasure, Rizz, Icefall and Atlin West, all located in northwestern British Columbia, Canada.
Cobra (COBR), a gold, IOCG, and rare earth exploration company, announced results from the Stage 4 re-analysis of a further 78 drillholes (1,024 samples) from historic drilling at several regional targets. Drillholes were re-analysed for lanthanides following the definition to date of a 4 km2 Rare Earth Element mineralisation footprint above Clarke and Baggy Green gold mineralisation. The company said the results contained some of the highest grade REE intersections reported from the project to date with high quantities of high-value magnet rare earths including neodymium, praseodymium and dysprosium.
Empire Metals (EEE), the AIM-quoted resource exploration and development company, announce the commencement of its exploration activities at the 615km2 Pitfield Copper-Gold Project, located in Western Australia. The company said Pitfield represents an “exceptional opportunity” to make a significant new discovery, being in an extremely favourable confluence of major geological structures and the only exposure of copper-prospective Neoproterozoic sediments along the western margin of the Yilgarn.
Union Jack Oil (UJO) a UK focused onshore hydrocarbon company, said that net revenues of $7m have been achieved from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin. Union Jack holds a 40% economic interest in this development.
Filtronic (FTC), the designer and manufacturer of products for infrastructure and critical communications markets, provided a trading update for the financial year ended 31 May 2022. The company said top line growth of 10% and a third consecutive year of improved adjusted EBITDA and cash generation demonstrates the “core strength” of the Filtronic business.
Chariot (CHAR), the African focused transitional energy company, said that it has signed a front-end engineering and design agreement with Schlumberger and Subsea 7, as part of a consortium, for the Anchois gas development project in Morocco. Chariot, Schlumberger, and Subsea 7 will continue to adopt a “one-team” integrated and collaborative approach to safely fast-track first gas to maximise the return on investment.
CYBA (CYBA) updated on planned corporate developments. The company proposed a change of name to NARF Industries plc to reflect the reverse takeover by the NARF Industries Group, the advanced cybersecurity research and development company based in the US. Steve Bassi to become Chief Executive Officer. Bassi said NARF’s products and services provide a “vast opportunity” to create value for shareholders.
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