Crypto miner Argo Blockchain (ARB) delivered a nod to Halloween. It said that as previously disclosed, the company had signed a non-binding LOI with a strategic investor to raise approximately £24 million via a subscription for ordinary shares.
Argo now no longer believes that this subscription will be consummated under the previously announced terms and continuing to explore other financing opportunities.
Valereum (VLRM) announced that it has received consent from the Gibraltar Financial Services Commission to complete the acquisition of the Gibraltar Stock Exchange. This is subject only to conventional conditions pertaining to regulatory and working capital as required. This will create the foundation of a new international network headquartered in Gibraltar. The company will also be launching its NFT strategy in the first quarter of next year linking real world assets via NFT ownership.
Pires Investments (PIRI), the investment company focused on next-generation technology, updated in relation to a new investment completed by the first Sure Valley Ventures fund in EVERYangle Ltd, trading as EVERYANGLE, a Dublin-based, computer-vision company that helps physical retailers, hospitality venues, and convenience service stations to optimise operations. EVERYANGLE has raised €2.7 million in a seed fundraise which will be used to drive further expansion in the US and UK. Pires has a combined direct and indirect interest of circa 20% in SVV1.
Critical Metals (CRTM), a mining company developing an ex-producing copper cobalt mine in the Democratic Republic of Congo, announce its Final Results for the year ended 30 June 2022. The company said that going forward, and having completed the Molulu Project Acquisition and readmission to trading on the LSE of the enlarged group, it has already begun preparing for the next stages of mine development.
Orosur Mining (OMI), announced its unaudited results for the quarter ended August 31, 2022. The company said that during the period, it continued its focus on developing the potential at Anza in Colombia as well as progressing its Ariquemes tin project in Brazil, and its El Pantano gold/silver project in Argentina. It will conclude the orderly closure of its historical operations in Uruguay.
MetalNRG (MNRG) announced that further to the High Court’s written judgements in the company’s application for summary judgement against BritEnergy Holdings. The deadline for the Defendants to make payment to the Company in the sum of £1,122,961.85 was 4.00pm on 26th October 2022. The First Defendant has now made total payments to the company of £556,270.33 (of which only £250,001 was received by the Payment Deadline).
Vast Resources (VAST), the AIM-listed mining company, announced that it has raised £1,467,000 gross through a placing at a price of 0.225p. The Placing was undertaken by the company’s joint broker, Axis Capital Markets Ltd.
Chill Brands Group (CHLL), the international consumer packaged goods company, provided an update on trading ahead of its reconvened AGM later today. The company said the Chill.com website generated sales in excess of $10,000 during the seven days following its relaunch on 18 October 2022. This represents an increase of more than 75% compared to the weekly average sales for the preceding quarter.
Aura Energy (AURA), a company focused on the development of its Tiris Uranium Project in Mauritania, provide an overview of activities for the period ended 30 September 2022. The company said that during the Quarter it continued to make excellent progress in advancing Tiris towards uranium production, achieving all key milestones for the Reporting Period and remaining well poised for the Project to move to production in 2024, with the aim of being one of the first greenfield uranium projects to be developed in the current cycle.
Sovereign Metals (SVML) provided its quarterly report for the period ended 30 September 2022. The company said it was progressing the Pre-Feasibility Study (PFS) on the Kasiya Rutile Project (Kasiya), an industry-leading major source of critical raw materials in Malawi. The PFS is on track to be completed in H1 2023 with all major works packages now well underway.
Thor Mining (THR) issued a Quarterly Report for July to September 2022. The company said the September quarter has been a period of strong progress for the Company, with advancements across much of its portfolio. It commenced drilling at its Wedding Bell and Radium Mountain Project targeting the prospective ‘Salt Wash’ horizon of sandstone-hosted uranium and vanadium mineralisation.
Castillo Copper (CCZ), a base metal explorer, announced that reconciling geophysical and geochemical data for the Iron Blow Prospect identified several prime targets for drill-testing which could host mineralisation.
EQTEC (EQT), a waste-to-value solutions group for hydrogen, biofuels, and energy generation, announced the completion of steam-oxygen gasification tests that confirm the suitability of EQTEC’s synthesis gas technology for advanced biofuels production.
Scancell Holdings (SCLP), the developer of novel immunotherapies for the treatment of cancer and infectious disease, announced that the first patient in the expansion phase of the monotherapy arms in the multicentre Phase 1 Modi-1 clinical trial (ModiFY) has been enrolled and dosed.
Contango Holdings (CGO), which is developing the Lubu Coal Project in Zimbabwe, announced a placing at 6p to raise Gross Proceeds of £7,500,000. The Placing was undertaken by the good people at Tavira Financial Limited.
Sound Energy (SOU), the transition energy company, announced a project financing update. The company said it has received strong interest in the farm-out process from a wide range of credible and well-funded parties. Management presentations and data room evaluations are ongoing, and further announcements will be made, as appropriate.
Reabold (RBD) said it has received a requisition letter from Pershing Nominees Limited, which owns approximately 6.93% of the company. The requisitioned General Meeting for Shareholders which is to be held at 8th Floor, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW at 10.00 a.m. on 16 November 2022.
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