CleanTech Lithium (CTL), an exploration and development company advancing lithium projects in Chile for the clean energy transition, reports an announcement by the Chilean Government on the Expressions of Interest process under which the Company made submissions in June 2024. This is part of the process for the awarding of a Special Lithium Operating Contract to enter production. CTL said it submitted its RFI highlighting the significant investment we have already made, the positive progress with DLE and its established engagement with local indigenous communities. The criteria set out by the Government recognises the status of the Company´s progress at the Laguna Verde project and puts in place a clear path to award a CEOL and the project’s development into production, which is targeted for 2027.
Comment: CTL remains the main game in town in Chile, and is clearly the favourite child as far as the Chilean authorities are concerned. One looks to the ASX listing and improved sentiment to lift the share price off current lowly levels.
Eurasia Mining (EUA), the palladium, platinum, rhodium, iridium and gold mining company, reported its unaudited interim results and operational summary for the six months ended 30 June 2024. Post period end, in September the Company entered into a trade finance facility to provide additional liquidity in addition to the stored metal concentrates. The facility will provide up to £2.5 million to the Company in tranches upon certain milestones being achieved, and is convertible by the lender at an average conversion price of 2.7 pence per share, being a premium to the current share price.
Comment: Rather satisfyingly, the £2.5m facility ensured that the psychotic doomsters who have haunted the company for years have not got the scenario that their short positions have been seeking. The company now has enough runway to get to a satisfactory conclusion.
LifeSafe (LIFS), a fire safety technology business, announced purchase orders in new markets with new distribution partnerships. It has received its first purchase order for an initial 10,000 units of its innovative, market-leading StaySafe All-in-1 aerosol fire extinguisher from Canadian-based GreenTech Fire Solutions, Inc. LIFS said it was pleased to announce these new partnerships in Canada, Ireland and Australia with trusted and leading businesses GreenTech, EHS International and Pacific Optics. Their extensive reach across multiple sectors and organisations will provide a wide audience for the StaySafe All-in-1 brand and the Group’s industrial fluids.
Comment: One can see momentum building at LIFS, as its B2B partnerships start to deliver on what is starting to look like an international, scalable business with a secure niche.
Metals One (MET1), which is advancing strategic minerals projects in Finland and Norway, announces that Edison Group has initiated equity research on the Company. The research report is available to view on Metals One’s website here: https://metals-one.com/media/ In addition, Lord Ashbourne, mining analyst at Edison, has been interviewed about Metals One on Vox Markets. The interview is available to view here: https://www.voxmarkets.co.uk/articles/lord-ashbourne-analyses-metals-one-s-potential-at-black-schist-and-rana-in-global-commodities-market-655a450/
Comment: Given that MET1 continues to be under loved and more importantly, under-rated by the market, research from Edison may be timely in terms of turning around this lack of appreciation. Charlie Gibson (Lord Ashbourne) is always worth a watch.
All Things Considered Group Plc (AQSE: ATC), an independent music company housing talent management, live booking, livestreaming and talent services, announced its unaudited interim results for the six months ended 30 June 2024. Substantial increase in Group revenue from continuing operations to £19.6m (H1 2023: £3.39m), comprising: Artist Representation up 42% to £3.71m (H1 2023: £2.61m) – ATC Management, Raw Power Management3 and ATC Live. ATC said it has entered the second half of the year energised by the opportunities that lie ahead of it. With a strong pipeline of projects and an exceptional team in place, it was confident that it will build on this momentum and deliver sustained, long term growth.
Comment: Another Aquis stock which has been highly skilled at keeping itself under the radar. The latest update reveals and exciting business at a significant turnaround.
Sound Energy (SOU) said that further to the announcement of 14 June 2024 regarding the entry into a conditional binding Sale and Purchase agreement for the partial divestment of its Moroccan assets by way of the disposal by the Company of the entire issued share capital of the Company’s wholly owned subsidiary Sound Energy Morocco East Limited to Managem SA, the Company notes Moroccan press speculation in relation to Managem having received authorisation by the Moroccan Competition Council to the transaction. Whilst the Company is pleased to confirm that the Moroccan Competition Council’s authorisation satisfies a significant condition precedent of the SPA, the Transaction remains conditional upon conditions precedent being satisfied or waived.
Valereum Plc (AQSE: VLRM) announced the launch of VLRM Capital Management Limited. VLRM said it was excited to see the launch of the fund as part of VLRM’s strategy outlined in February to our shareholders. It was deeply grateful to have the fund seeded by its cornerstone investor, the VLRM Chairman, and it looks forward to growing the fund’s assets under management and being a significant contributor to VLRM’s financial and strategic objectives.
Comment: £1m from the Chairman is nothing to sniffed at, and the idea of a fund based on technical analysis – presumably with a little AI in the mix, is worth watching if only as a spectator sport.
Hemogenyx Pharmaceuticals (HEMO), the biopharmaceutical group, announced its unaudited interim results for the six-month period ended 30 June 2024. HEMO said it has now reached a pivotal stage where its lead product, HEMO-CAR-T, is set to enter the clinic, a development that undeniably elevates it to a clinical-stage company. Meanwhile, its other product candidates are also making significant strides forward. It is confident in its ability to finance their development through a combination of equity capital, industry partnerships, and non-dilutive funding. It looks forward to bringing its potentially life-saving therapies into use and delivering positive returns to its shareholders.
Comment: Rather like sales at DFS, HEMO seems to be permanently at a pivotal stage, and / or at the edge of greatness. We look forward to potentially being life-saved in multiple ways.
MicroSalt (SALT), a provider of full-flavour, natural salt with approximately 50% less sodium, announced its maiden interim results for the six-month period ended 30 June 2024, following the successful admission of the Company to the AIM market of the London Stock Exchange in February 2024. Revenue of US$ 0.2m (H1 2023: US$0.3m). Net loss of US$2.5m (H1 2023: US$1.7m) reflects increased R&D costs and preparation for the commercial roll out.
Comment: The stock market has a selection of companies based on a great idea that may or may not make money. SALT is one of the more high profile recent contenders. The stock is back down from the initial sugar rush, and dangerously close to the initial 43p IPO price.
Hummingbird (HUM) announced a Financing, Operational & Strategic Review, saying it has commenced a comprehensive Group-wide review to assess the capacity of its current platform to deliver sustainable production growth and value creation at its evolving portfolio in West Africa.
Comment: A feature of HUM in the recent past is how cautious and how generally hard it has been on itself in the recent past, almost ignoring its production and the soaring gold price.
Lift Global Ventures (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, announces that it has appointed Oberon Capital as its Aquis Corporate Adviser and Broker, with immediate effect. Oberon Capital is a trading name of Oberon Investments Limited.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion
