RNS Hotlist with Zak Mir: BZT, YOOM, QBT, SOU, MGC, CCZ, BVC, BHL, PHE, CNR, SBTX, GRL & SOS via Vox Markets

Bezant (BZT), the copper-gold exploration and development company, said that it has mobilised a drill rig to test several new airborne EM targets in the vicinity of the Hope and Gorob copper-gold deposits in Namibia and has commenced work in preparation for a mining licence application over the Hope-Gorob copper-gold project area.

By Zak Mir

The drilling has the potential to add to the existing JORC (2012) – compliant mineral resource base. Bezant has also engaged consultants to undertake work, with the aim of preparing for a mining licence application before the expiry of the current exclusive prospecting licence in October 2022.

Yooma Wellness (YOOM), a wellness platform released its interim financial statements for the three-month period ended 30 September 2021. The company said Yooma’s success in the third quarter was based on actual revenue achieved in the third quarter of $2.1 million, with only partial revenue contribution so far from key strategic acquisitions acquired during the quarter and subsequent to quarter-end. It believes Yooma is significantly undervalued compared to its public competitors.

Quantum Blockchain Technologies (QBT) said that it has made the key decision to focus on the development of the more efficient 5nm Application-Specific Integrated Circuit , rather than a 7nm ASIC, to use as its proprietary Bitcoin mining tool. This decision was taken following a recent market announcement by a leading international Bitcoin mining equipment manufacturer that it will use 5nm ASICs for its the next generation of Bitcoin miners. Accordingly, QBT has updated its development programme to use the 5nm ASIC.

Sound Energy (SOU), the Moroccan focused upstream gas company, has entered into a binding gas sale and purchase agreement in respect of the Phase 2 development of the Tendrara Production Concession with Morocco’s state-owned power Company ONEE for the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10 year period. The company said the agreement of the GSA is an important and long-awaited step which will allow it to progress development planning for the proposed TE-5 Horst Phase 2 development. It also underpins the ongoing discussions with potential and identified funding partners.

MGC Pharmaceuticals (MGC), a European based bio-pharma company said that it has raised £5,500,000 in a share placement, which was strongly supported by a mix of institutional and family office investors from the UK and USA. Net proceeds of the raised will be used for CimetrA™ Emergency Use Authorisation applications and testing procedures, a new Malta production facility fit-out and commissioning in 1H 2022, and costs of additional CimetrA™ dosing trials in USA and Russia to comply with FDA prerequisites for approval, and CannEpil® clinical trials in the US with US Distribution partner AMC Holdings Inc.

Castillo Copper (CCZ), a base metal explorer announced its key priority objectives for 2022. The company said that following a visit to the NWQ Copper Project by CCZ’s chief geological consultant, the Board has firmed up its objectives for 2022 which include geologically modelling an inaugural JORC compliant resource for the Big One Deposit, continued drilling at the Arya Prospect and fully assessing the Eldorado target’s exploration potential.

BATM (BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, said that its COVID-19 RT-PCR kits have been validated as effective against the new SARS-CoV-2 variant, Omicron, and confirms that they can accurately diagnose COVID-19 in someone with this new strain. The new SARS-CoV-2 variant – B.1.1.529, named Omicron – has a large number of spike (S) protein mutations. These mutations enable COVID-19 to go undetected with some competing COVID-19 tests, providing false negative results.

Bradda Head Lithium (BHL), the North America-focused lithium development group, is pleased to announce its unaudited interim results for the six-month period ending 31 August 2021. The company said the first half of the financial year has been both busy and very exciting, with the Company raising funds of over $9m as part of a pre-IPO and AIM IPO fundraises. The funds have been strategically deployed to fast-track the Burro Creek drilling programme, significantly increase its landholding in Arizona, and strengthen its team members with key senior appointments.

Powerhouse Energy Group (PHE), the UK technology company commercialising hydrogen production from waste plastic, noted that its development partner, Hydrogen Utopia International PLC (HUI), has signed a letter of intent with the City of Simitli, Bulgaria. The letter sets out HUI’s intention to build and manage a Distributed Modular Gasification plant (DMG®) using Powerhouse’s technology sited in a commercial sector close to existing waste remediation facilities in Simitli in the south-west of Bulgaria.

Condor Gold (CNR) announced the completion of the geotechnical drilling for the upcoming Feasibility Study at its 100% owned La India Project. The programme required a total of 2,551.50 m of oriented core drilling backed by the use of optical and acoustic televiewer scanning, as well as geotechnical lab testing on core samples.

SkinBioTherapeutics (SBTX), a life science business focused on skin health, announced its full year audited results for the year to 30 June 2021. The company said it has completed the AxisBiotix-Ps™ consumer study, and continued to make good progress on its SkinBiotix® programme with Croda. The high point of the calendar year, post year end, has been the launch of AxisBiotix-Ps™ and its first sales to psoriasis sufferers.

GoldStone Resources (GRL), said that it has now successfully completed its first commercial gold pour at the Homase Mine in the Ashanti Gold Belt in Ghana. The first pour was completed during the commissioning of the Smelt House this week, which followed the commissioning of the Elution Plant announced on 1 November 2021.

Sosandar (SOS), the online women’s fashion brand, announced its financial results for the six months ended 30 September 2021 and an update on current trading. Revenue growth of 184% to GBP12.2m (H1 FY2021: GBP4.3m), was higher than the entirety of FY2021, while gross profit of GBP6.9m, represented a 207% increase on the same period in the prior year (H1 FY2021: GBP2.24m). The company said it was “delighted” to be reporting such strong revenue and active customer growth as well as reaching a significant milestone in delivering two EBITDA positive months in October and November.

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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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