There was a decent announcement from Eurasia Mining (EUA), although of course, it was not THE announcement. The company said a tier-1 scale JORC Mineral Resource Estimate by Wardell Armstrong International at Nittis-Kumuzhya-Travyanaya nickel dominant nickel-copper-PGM mine formerly operated by Norilsk Nickel.
By Zak Mir
NKT is located within the license area held by TGK, Eurasia’s 80% owned subsidiary in Kola, immediately to the north of the TGK-owned West Nittis open pit deposit already licenced for mining, where the mining plan has now been developed for the life of mine. 305Kt of Nickel, 143Kt of Copper, 57 tons of PGM and Gold (11.2Moz of Platinum equivalent) have been estimated by WAI as JORC-compliant resources for an underground mining operation.
Kanabo Group (KNB), a medical cannabis and R&D Company, noted that Materia’s wholly-owned subsidiary Materia Malta Operating Ltd. has commenced sales in Europe of the first medical cannabis flower produced at its EU GMP certified manufacturing site. The inaugural product, named “Carbasi Verde”, was released with a potency of 21.7% THC following successful completion of Materia Malta’s first production cycle.
PetroTal Corp. (PTAL) said it has achieved a trailing 5-day unconstrained production rate ending December 15, 2021, of approximately 20,200 barrels of oil per day. With wells 8H and 9H producing over 6,300 bopd and 8,200 bopd respectively, PetroTal was able to achieve its long-standing goal of exceeding 20,000 bopd much earlier than anticipated and previously guided.
Cornish Metals Inc. (CUSN), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, released its unaudited financial statements for the nine months ended October 31, 2021. The company said the ongoing exploration program at United Downs has delivered promising results validating the exploration potential it believes exists within its mineral properties.
Orcadian Energy (ORCA), the North Sea focused oil and gas development company, announced its audited results for the twelve months ended 30 June 2021. Orcadian said it has finalised the Concept Select process and moved to the ‘authorisation phase’ for its flagship Pilot development, whilst earlier this month it surpassed twenty-six other companies, or consortia, to win funding of £466,667 in the OGA Electrification Competition.
Poolbeg Pharma (POLB), a clinical stage infectious disease pharmaceutical company, has signed a binding term sheet, encompassing all commercial terms, with AnaBio Technologies (AnaBio), with a full licence and collaboration agreement to follow. The partnership allows Poolbeg exclusive access to AnaBio’s microencapsulation and nanoencapsulation technologies. Poolbeg said that the success of global vaccination drives is dependent on the effective uptake of vaccines. Oral vaccines are highly attractive due to their improved stability profiles, ease of administration, generation of mucosal immunity and being preferable to needle-phobic patients.
Agronomics (ANIC), an investor in cellular agriculture, announced its annual results for the year ending 30 June 2021.The company recorded a net operating profit of £9,743,418 for the year (2020: £551,173), prior to accounting for the Shellbay fee due. Taking into account a fee of £7,394,360 (2020: Nil) due to Shellbay and an irrecoverable VAT charge on Shellbay fees of £1,478,872 (2020: Nil), the company incurred a net profit after taxation of £1,019,841 (2020: £611,731). Agronomics said current investment portfolio shows considerable promise for future growth given the scale of opportunity to invest in the nascent alternative foods sector. It would be interesting to hear Shellbay’s views as well.
Audioboom (BOOM), the global podcast company, said that it has continued its strong momentum into the fourth quarter of 2021 and now expects that Audioboom will generate significantly increased adjusted EBITDA, and marginally improved revenue, ahead of current market expectations for the year. This performance has been driven by further development of the Audioboom technology platform, and the continued focus on the Company’s content expansion plan. In the recent months we have seen professional investors continue to nibble at BOOM stock, as if they were anticipating M&A action.
Kazera Global (KZG), the AIM quoted investment company, announced that diamond production for the current production cycle (ending in January 2022) is already in excess of 750 carats, with a target of 1,000 carats for the entire cycle. In addition, the Tantalite Valley mine is now in the final phase of testing, with Tantalum production on schedule to commence imminently. On this basis the company said it is experiencing a record breaking end to the year.
Sovereign Metals Limited (SVML) announced the results of the initial scoping study for the Company’s Kasiya Rutile Project in Malawi. The company said the Scoping Study confirms Kasiya as a globally significant natural rutile project. Kasiya is the largest undeveloped rutile deposit in the world and therefore is highly strategic in a market characterised by extreme supply deficit. This initial Scoping Study develops the concept for a multi-decade mine providing a stable supply of a highly sought-after rutile (TiO2) and graphite whilst contributing significantly to the economy of Malawi.
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