Emmerson (EML), the Moroccan focused potash development company, announce it has reached agreement with Global Sustainable Minerals and Gold Quay Capital Pte Ltd to extend the commitment period for the previously announced $40.0 million convertible loan note subscription to 30 September 2023, providing continued cornerstone financing support for the development of the Khemisset Potash Project.

Author @ZaksTradersCafe

The company said, this further investment from its strategic investors demonstrates their continued commitment to the Khemisset project and their confidence in Morocco.

Critical Metals (CRTM), a mining company established to acquire mining opportunities in the critical and strategic metals sector, announced that it has received warrant exercise notices to subscribe for a total of 550,000 new ordinary shares of £0.005 each in the Company. The Warrant Shares are being issued pursuant to the exercise of 550,000 warrants over Ordinary Shares at an exercise price of 10p for total gross proceeds of £55,000. In addition, the company has agreed to issue 37,500 Ordinary Shares in the Company at a price of 20p in lieu of professional services provided. One wonders who the lucky counterparty is?

EQTEC (EQT), a technology innovation company, announced that, further to its announcements on 30 June 2022 and 1 September 2022, the Company, Deeside WTV Limited and Logik Developments Limited have signed non-binding Heads of Terms for the acquisition by a publicly quoted corporate investor of the project at Deeside, Flintshire, UK that comprises a waste reception plant, anaerobic digestion facility and EQTEC Advanced Gasification Technology facility.

Fox Marble (FOX) provided an update on the proposed reverse takeover of Eco Buildings Group Limited by the Company. The Company is proposing to acquire the entire issued share capital of Eco Buildings for an aggregate purchase price of £30 million, to be satisfied by the issue of ordinary shares in the Company. It is therefore estimated that the Company as enlarged by the acquisition will have an equity value of £34.4m (based on Fox Marble’s share price at the time of suspension being 1.085p). In addition, as part of the RTO, the company is also proposing to raise up to £10m by way of a placing, which should be interesting in current market conditions.

The Brighton Pier Group (PIER) announced its unaudited results for the 52 weeks ended 26 June 2022. The company said it demonstrated the continuing strength of the business model, with record revenues at £40.1 million (2021: £13.5 million), up 25% on the same pre-COVID period in 2019. This has been driven by strong trading across all the Group’s divisions. A consistent gross margin performance, combined with Government support from temporary reductions in VAT and business rates, has enabled the Group to make good progress on maximising earnings and paying down debt. Since the end of the previous financial year the Group has reduced its net debt by 62% to £5.0 million. In other words, it could be said PIER blew the lights out.

Cobra (COBR), a gold, rare earth and IOCG exploration company, announced the final tranche of lanthanide re-analyses of historical drillholes from the Thompson and Anderson prospects, where high-grade, clay hosted Rare Earth Elements have previously been identified. The results support an expansive REE occurrence indicative of Cobra’s potential to define a REE footprint of strategic significance.

Another day, another announcement from Cellular Goods (CBX), and another RTO for Monday. The wellness company said it has signed a letter of intent with Cannaray Limited, the owner of Cannaray Brands Ltd & Love CBD Health Ltd pursuant to which Cellular Goods will acquire 100% of the issued share capital of the Cannaray Subsidiaries, which would constitute a Reverse Take-Over under the ‎Listing Rules. Discussions are said to be at an advanced stage and Cellular Goods has conditionally agreed to acquire the Cannaray Subsidiaries for an initial consideration of £14.2 million, consisting of £1 million in cash, together with a number of new Cellular shares, which will make Cannaray a 54% shareholder in the enlarged group.

Caspian Sunrise (CASP) revealed its interim results for the six months ended 30 June 2022, planned acquisition and a dividend update. Revenue was up 155% at $25.6 million (2021: $10.1 million) and more than 2021 as a whole. Profit after tax was up 211% at $7.3 million (2021: $2.4 million). The company said that it remains on track to pay the first dividend before the end of the year. When the Ukraine war and the associated sanctions end there should be a very material improvement in profitability.

Lexington Gold (LEX), the gold exploration and development company, announced the results for the 1m re-splits taken from the reverse circulation drill hole 4m composite samples across its Jones-Keystone Project. All of the holes concerned were originally sampled as 4m composites. All composites which returned a gold grade of more than 200ppb Au were then subsequently re-sampled in the field and assayed on a 1m basis.

We now (perhaps) know why shares of Guild Esports (GILD) have had an improving tone in recent days. The global team organisation and lifestyle brand announced the signing of a three-year global sponsorship agreement with Sky UK Ltd. This deal is Guild’s largest to date and is payable exclusively in cash via instalments over the period of the contract. It is the eighth revenue-generating sponsorship signed by the Company since its IPO on the London Stock Exchange.

ATOME Energy (ATOM), the green hydrogen and ammonia production company, announced its unaudited results for the six-month period ended 30 June 2022, together with a current trading update. The company said since the start of the year it has added a significant industrial scale project in Villeta, Paraguay, to its portfolio of projects of now some 500MW in potential size, signing a landmark power purchase agreement giving it 24/7 baseload electricity at prices that allow it to compete on a worldwide stage, as well as creating a separate mobility division with electrolyser ordered with first revenue scheduled for 2023.

GreenRoc Mining (GROC), confirmed the completion of its Phase 2 drilling programme at the Amitsoq Graphite Project in southern Greenland. All holes have returned mineable widths of high-grade graphite ore and more than double the drilled extent of the deposit footprint, which is expected to support a significant upgrade in the Project’s resource tonnage.

genedrive (GDR), the near patient molecular diagnostics company, announces that the UK’s National Institute for Health and Clinical Excellence (NICE) has transferred the evaluation of the Genedrive® MT-RNR1 test to a new Early Value Assessment Programme. EVA is a new review process, created to drive innovation into the hands of healthcare professionals by actively drawing in digital products, medical devices and diagnostics that address national unmet needs.

Author @ZaksTradersCafe

Disclaimer & Declaration of Interest
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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