RNS Hotlist with Zak Mir: ALL, TEK, BLOE, DIS, ARV, IES, AXL, FRG, PHE, COBR & AWE

Atlantic Lithium (ALL), the lithium exploration and development company announced the submission of the Mining Licence application with respect to the extraction of minerals from the proposed Ewoyaa Lithium Mine to the Minerals Commission of Ghana, in West Africa.

Author @ZaksTradersCafe

The company said the application marks a significant milestone for the company has completed extensive exploration and technical programmes, environmental and social studies, economic studies and the valuation of the Project.

Tekcapital (TEK), the UK intellectual property investment group, said that MicroSalt announced a partnership with Presty! Foods for the development and roll-out of low-sodium solutions across Presty’s line for plate-ready meals.

Block Energy (BLOE), the exploration and production company focused on Georgia, announced its operations update for the three months ended 30 September 2022. The company said Q3 saw the Company deliver robust production, good cashflows and end the period with cash and oil inventory that will support the ongoing and self-funding development of its three-project strategy.

Distil (DIS), owner of premium drinks brands, announced its unaudited interim results for the six months ended 30 September 2022. The company said the first six months of this financial year have seen major changes to its business model and the creation of a stronger platform for accelerated future growth. The key change year-on-year is the decision to take direct control of relationships with major UK retail customers, and to move away from the previous distributor, Hi-Spirits, managing its entire UK trade.

Artemis Resources (ARV) provided an update on a new Inferred JORC Mineral Resource at its 100%-owned Greater Carlow Project, located in the Pilbara Region of Western Australia. The company said what it has now established at the Greater Carlow Project is a robust, credible, high-grade multi-metal resource from which its exploration team can now seek to continue to grow via drilling. The next phase at Greater Carlow is to drill and add more high-grade tonnes to the open pit and underground resources, including the high-grade Keel Zone which is not included in this resource statement.

Invinity Energy Systems (IES), a manufacturer of utility-grade energy storage, announced that it is part of a consortium led by Indian Energy LLC developing a solar-plus-storage microgrid project, that will include a large vanadium flow battery system, under the California Energy Commission’s Long-Duration Energy Storage Program. The company said it sees big opportunities in projects assisted by the U.S. Inflation Reduction Act, such as the sale to Kinetic Solutions in Arizona, and ongoing lithium-ion battery supply and safety issues are increasing interest in proven alternatives.

Arrow Exploration (AXL), provide an operations update. Corporate production as of October 11, 2022, is approximately 1,500 boe/d. Production from the RCE-2 well is approximately 550 bbls/d net (1,100 bbls/d gross) producing from the C7A and C7 stringer zones. The company said Arrow is excited about the upcoming capital program and expects material production and reserve additions.

Firering Strategic Minerals (FRG), an exploration company focusing on critical minerals, announced the results and completion of its Phase 1 diamond drill programme on its flagship Atex Lithium-Tantalum Project, in Côte d’Ivoire. The company said nineteen holes were drilled, and pegmatites were intersected in every hole. Lithium mineralisation was visually observed in eighteen out of the nineteen holes, and the company is awaiting the assay results, the first of which should arrive during Q4 2022.

Powerhouse Energy Group (PHE), a company pioneering integrated technology which converts non-recyclable waste into low carbon energy, provide an update on the company’s progress as well as notice of the company’s annual general meeting. The company said that securing a fit-for-purpose location where new feedstocks can be properly tested, and its technology developed is vital to the future of the company. Its technology has potential for numerous applications, but to bring these to reality it has to successfully demonstrate proof of concept.

Cobra (COBR), an exploration company focused on the Wudinna Project in South Australia, is announced that Wasdrill Pty Ltd is preparing to mobilise to site to commence Reverse Circulation drilling at the Clarke prospect. This drilling will inform an updated gold Mineral Resource Estimate and a maiden rare earth MRE. The programme will also see Cobra achieve the stage 3 earn-in milestone of the Wudinna Heads of Agreement, entitling the Company to 75% project ownership.

Alphawave IP Group (AWE), a company involved in high-speed connectivity for the world’s technology infrastructure announced the acquisition of Banias Labs, an Israel-based optical Digital Signal Processing chip developer for data centers for approximately $240 million. The company said that the acquisition strengthens Alphawave’s roadmap of optical DSP silicon products for data centers, a core high growth market for Alphawave.

Author @ZaksTradersCafe

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