RNS Hotlist with Zak Mir: BOOM, QTZ, INSG, CRCL, WCAT, ADME, LEX, HZM, ROCK & CTL via Vox Markets

Audioboom (BOOM), the leading global podcast company, provided a trading update for the quarter ended 30 September 2022. Total revenue for the nine months to 30 September of $57.1 million, up 44% on the same period last year ($39.7 million).

Author @ZaksTradersCafe

The company said it has continued to deliver growth in the first nine months of 2022, increasing revenue by 44% and increasing adjusted EBITDA by $1.5 million over the same period last year, while our cash position of $8 million is the strongest the Company has ever reported. Shareholders of BOOM will be looking to see how the somewhat downtrodden share price responds after such upbeat noises.

Quetzal (QTZ), a financial technology investment company, announced that its investee company, Tap Global Limited, a regulated, fully integrated crypto-fiat exchange service provider with an associated neo banking platform, has launched the GBPT stablecoin as an asset available for trading on its platform. GBPT is issued solely by pountoken.io, operating from the Isle of Man and regulated by the FSA.

Insig AI (INSG), a data science and machine learning group, announced that it has signed a data partnership agreement with BRAIN, a research company specialising in Natural Language Processing applications and algorithms for investment strategies. BRAIN has a team of data science and financial markets experts that work to deliver unique derived datasets and machine learning models to its end customers.

Although the bears may keep on maniacally attacking the company, it was revealed that Tern (TERN) does have a fan based in sunny Rickmansworth. Jonathan Swann is in on the shareholder register at 3.74% via today’s RNS.

Corcel (CRCL), the natural resource exploration and development company, announced it has entered into a MOU for the reorganization of the company’s battery metal mining interests in PNG into a new carried battery metal led Asian JV structure alongside the introduction of a new cornerstone investor through an equity placing.

Also with a MOU is Wildcat Petroleum (WCAT), a company targeting investment opportunities within the upstream sector of the petroleum industry. It announced that it has signed an MOU to work in collaboration with the Sudanese Oil Ministry to advance the development and commercial exploitation of hydrocarbon assets in Sudan. The MOU is for an initial period to 31 December 2022 and can be extended upon both parties approval. The ultimate aim is to increase overall oil production by 100,000 barrels per day – something which is likely to have quite an impact on a company whose present market cap is only £26m, if we are looking to revenues of some $10m a day.

ADM Energy (ADME), a natural resources investing company, announced that it has raised a total of approximately £725,000 through a subscription and a loan from Tennessee Black Gold LLC. The company also announced that Osa Okhomina will step down from the Board of Directors and his position as Chief Executive Officer upon receipt of the total Subscription amount expected to be by 28 October 2022.

Lexington Gold (LEX), the gold exploration and development company, announced that it has conditionally raised approximately £500,000 through a placing, via those nice people at Peterhouse Capital Limited at an issue price of 4.75 pence per share. It is interesting to know of in this case of a fundraise that has not been leaked, unlike several of late.

Horizonte Minerals (HZM), a nickel company developing two Tier 1 assets in Brazil, announced it has awarded Wood Plc the principal engineering contract to undertake the Feasibility Study for Horizonte’s 100%-owned Vermelho Nickel-Cobalt Project.

Rockfire Resources (ROCK), the gold and base metal exploration company, announced that it has successfully raised £375,000, through a UK institutional investor at a price of 0.125 pence per share and certain Rockfire employees, including a number of Directors. The company said the new funds will help to facilitate its planned geophysical survey and initial drilling programme at Molaoi. It now has sufficient funds to complete both of these programmes sequentially which are expected to be completed by the end of June 2023. The geophysical survey is designed to highlight massive sulphide lodes with strong magnetic trends. This is expected to provide clear drilling targets for initial drilling campaign. The latest news may now be enough to allow the shares to bottom out given there is line of sight on the pathway to drilling what could be a significant project.

CleanTech Lithium (CTL), an exploration and development company, announces an operations update, the termination of the cooperation agreement with Beyond Lithium following the recently announced MOU with SunResin, and confirmed a recent Government announcement in Chile of a new pro-investment action plan. The company said the recommencement of resource drilling at Laguna Verde and Francisco Basin is expected to result in increased and upgraded resource estimates for the two projects, while an exploration well, planned for the Llamara Project in the current quarter, once the licences have been granted, will test the large potential of the project. Vermelho is a large high-grade, long mine life, scalable resource, designed to be a low-cost producer of nickel and cobalt for the battery industry.

Author @ZaksTradersCafe

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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