Eurasia Mining (EUA), the iridium, osmium, palladium, platinum, rhodium, ruthenium and gold mining company announced the AIX trading launch through the US dollar currency (USD). The trading currency has been successfully changed from GBP to USD and the trading in USD has commenced.
The Company anticipates better liquidity in the secondary market of its ordinary shares on AIX after initiation of the research coverage on Eurasia by international brokers active on AIX that is expected this week or next week. Christian Schaffalitzky, the Executive Chairman commented: “The Directors are delighted that the trading in USD has started on AIX. We are looking forward to the initiation of the research coverage and to further updates”.
Comment: EUA finally reaches the Promised Land of the AIX, something which would be even more of a big deal than it is, if investors knew what the letters AIX stood for, knew where the country it is based in was on the map, and even more significantly, understood the strategic importance to the company of such a source of liquidity given its Russian assets. Presumably, all of this appreciation will come in good time.
Blencowe Resources Plc (BRES) provided an update on progress within the Definitive Feasibility Study (“DFS”) at its Orom-Cross graphite project in Uganda. The Company has now completed all major infrastructure workstreams within the Definitive Feasibility Study (“DFS”) alongside the recent drilling campaign, which was the largest in the Company’s history. This drill programme was designed to increase the mineable reserves base as well as explore a new deposit and it exceeded expectations. BRES said “Much of this DFS work also fed into milestones set by the US International Development Finance Corporation (“DFC”) for grant funding, further validating Orom-Cross as a world-class graphite project. DFC has input US$4.75 million to date of the total US$5.0 million total grant funds with the remainder due on DFS completion.”
Comment: It rather beggars belief that despite all the progress being made at BRES, and with the DFC involved too, we still see shares of the company hanging around the 3p – 4p level. Indeed, in its own way, BRES should be up there with the likes of Guardian Metal (GMET), in terms of stock market appreciation and valuation.
Cloudbreak Discovery (CDL), a London Stock Exchange Main Market listed company, announced that it has now concluded negotiations to sell its US assets and has executed final contracts in relation to the sale of these assets to G2 Energy Corp. on its Masten Unit Energy Project in Texas. The Company will receive £50,000 on signing and an additional £50,000 over the next 5 months, and as of now will no longer be exposed to any current or future liabilities with respect to these US assets, as well as removing an immediate £75,000 outstanding liability from the Company’s books. In addition, the Company has raised £300,000 (gross) at 0.25 pence per share from a new strategic institutional investor.
Comment: CDL has now cleared the decks to go all in on its gold strategy, something which the market has already started to appreciate. The shares are up over 80% in the past month, something which underlines the perceived prospects of the company.
BritENERGY Group, the energy provider and technology enabled services business, announced the appointment of Craig Heeley as Senior Independent Director of group company EOS Energies. BritENERGY said “This appointment is aligned with group priorities in view of overall strategy and upcoming projects. EOS Energies and Courage Energy are group operating companies with dedicated mandates for the acquisition and development of clean energy projects of the future. Craig joins the company with a laser focus on project finance and UK PLC stakeholder relations. He is currently co-treasurer of the Conservative and Union Party, International Advisor to Hamilton Reserve Bank and is founder of his own businesses in the private equity space, headhunting/recruitment and corporate entertainment.”
Comment: Calling upon the services of a big fish in both the corporate and political world such as Craig Heeley, should be transformational for BritENERGY, over and above the way that it is well poised in the rapidly growing energy space that it occupises.
Aptamer Group (APTA), the leading developer of next-generation synthetic binders delivering innovation to the life sciences industry, provided an update on its enzyme modulation projects and a separate development project with a top five pharmaceutical company, highlighting significant advancements in licensing and development. APTA said “With growing commercial interest from global partners, including one of the world’s top five pharmaceutical companies, we are confident that our Optimer® platform is well-positioned to deliver long-term shareholder value through recurring royalty revenues and strategic licensing opportunities.”
Comment: Although it may be irksome to some that we do not know the name of the top 5 pharma company, it can be said that APTA has delivered the goods in terms of marketing and commercialising its niche, but advanced offering.
Animalcare Group (ANCR) announced that it has acquired the VHH NGF programme* and related assets under the licence agreement previously signed with Orthros Medical in March 2022, which has subsequently been terminated, for a cash consideration of €0.7m. ANCR said “The acquisition of the VHH NGF programme and new partnership with 272Bio represent key building blocks in our long-term growth strategy, developing a pipeline of innovative new treatments to meet evolving customer needs within the growing global animal health market. Working with 272Bio, we have an exciting opportunity to build our future pain portfolio while exploring further potential opportunities with VHH technology in animals.”
Comment: It is clear that with its market cap approaching £200m, ANCR is making the transition from being a small cap company, to taking itself to the next level. This is in a space that has proved itself to be more immune to the slings and arrows of the economic cycle than most.
Agronomics (ANIC), a leading listed company in the field of clean food, announced that its portfolio company, Meatable B.V. has announced the acquisition of Uncommon Bio Limited’s cultivated meat platform. This includes key technology, several intellectual property assets and high performing cell lines, and expert staff. This acquisition advances Meatable’s competitive positioning within the sector, providing enhanced operational capacity and expanded technological capabilities for commercial-scale cultivated protein production. Jim Mellon, Executive Chair of Agronomics, commented: “With this acquisition, Meatable is reinforcing its position as a global leader in cultivated meat, proving what is possible when the world’s sharpest minds address one of our greatest challenges: feeding a growing planet amid rising meat demand and shrinking supply.”
Comment: We already know that Meatable is a big deal in its space, something which the latest acquisition underlines. Indeed, it is such a big deal that billionaire Jim Mellon has seen fit to make a comment on it this morning.
Vaultz Capital (AQSE: V3TC), a digital asset operating company, announced the appointment of James Bowater as Global Head of Partnerships of the Company, a non-Board appointment, with immediate effect. James Bowater is a highly regarded figure in the digital asset, blockchain and Web3 sectors, with over a decade of experience since entering the cryptocurrency industry in 2014. In 2018, he founded Crypto AM in partnership with City A.M., establishing the first mainstream publication to provide regular coverage of AI, blockchain, cryptoassets, DeFi, digital assets and Web3.
Comment: Those with very good memories will remember City A.M.’s crypto foray at the time of the last big bubble in the space in 2017 – 2018, with it running with the ball ever since. Bowater’s arrival underlines how important it is for companies in the space to head hunt the best in class.
Zenith Energy Ltd. (ZEN), the listed international energy production and development company, provided an update regarding its acquisition of a 7 MWp agrivoltaic solar energy project located in the region of Piedmont, Italy. ZEN said “The reclassification of the Piedmont Acquisition to 10 MWp significantly strengthens its economics and long-term value, enhancing our solar energy project pipeline. One of the key determinants for success in the Italian solar energy domain is an operator’s ability to successfully obtain the necessary permitting (at all levels) in a comprehensive and timely manner. We look forward to providing further updates in due course regarding potential additional acquisitions, as well as the formalisation of financing agreements to support the construction of the portfolio.”
Comment: While ZEN continues its Tunisian arbitration tussles, it focuses on the rather safer ground of Italian renewable energy. It is just as well the company took advantage of the share price strength earlier this year to finance this side hustle pursuit.
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.
