RNS Hotlist with Zak Mir: GGP, CUSN, DISH, NMT, PIP, TERN, 7DIG, DKL, TOM, CNR, ARB, CRCL, REDX & LEX via Vox Markets

Greatland Gold (GGP), mining development and exploration company, provided an exploration and development update at the Havieron gold-copper project in the Paterson region of Western Australia.

By Zak Mir 

The company said that the ramp-up of the 2022 growth drill programme is an “exciting time” for Greatland and its shareholders as it presents an opportunity to further understand the size and scale of the Havieron system. The excitement is clearly set to last for quite some time to come.

Cornish Metals (CUSN), a mineral exploration and development company said that it has reached an agreement to sell a 1% Net Smelter Returns Royalty on its Sleitat tin-silver project in Alaska to Electric Royalties Ltd. For 1,000,000 common shares of Electric Royalties Ltd and CDN$100,000 cash.

Amala Foods (DISH), which is apparently trying to be the next Pensana (PRE), revealed further information regarding the Rare Earth Elements market opportunity that was first announced on 17 February 2022. The company said the historical grades from diamond drilling of Total Rare Earth Oxides are very high-grade drill intersections and demonstrate the prospectivity of the project. The Mungo Rare Earth Elements project is located approximately 150 kilometers from Pensana’s Longonjo Project – so just a stone’s throw if you are Geoff Cape.

Neometals (NMT), a minerals and advanced materials project developer, released its financial report for the half-year ended 31 December 2021, in a RNS which was longer than War and Peace. Neometals holds 19% of unlisted public company Critical Metals Ltd, a company which now houses the Scandinavian mineral assets previously held by Hannans and is collaborating with Neometals on Scandinavian LIB recycling and vanadium recovery opportunities.

Pipehawk (PIP) said that QM Systems, one of the Group’s principal subsidiaries, has signed a contract with Ventive Limited for the second phase of the project to manufacture a “ground breaking” green energy product to provide domestic heating and hot water.

Tern (TERN), the company focused on the Internet of Things and avoiding the bears who continue to haunt the stock, noted that Wyld Networks AB has announced that it has received purchase orders for its Wyld Connect IoT modules with a total value of $1.7 million over a four-year period, starting in April 2022.

7digital (7DIG), the B2B end-to-end digital music solutions group, said it has signed a two-year contract with a new music and data platform designed to better meet the monetisation needs of the rightsholder community. The new customer will be using the company’s music-as-a-service platform in the US and Canada to feed music to their B2B content platform. The customer expects to launch the service later this year.

Dekel Agri-Vision (DKL), the West African agriculture company, provided a February production update for its Ayenouan palm oil project in Côte d’Ivoire, and an update on the timing of the ramp-up of production at its large-scale cashew processing plant at Tiebissou, Côte d’Ivoire. The company said short term, it remains on track to deliver a second consecutive year of record revenue despite the unusually late start to the high season. Based on current market conditions, it anticipates its sales prices will remain at record levels.

TomCo Energy (TOM), the US operating oil development group said that its wholly owned subsidiary, Greenfield Energy LLC, has entered into a Memorandum of Understanding with Vivakor Inc. covering, inter alia, the proposed development by Vivakor of an enhanced oil sands processing plant on the Tar Sands Holdings II LLC site located in the Uinta Basin, Utah, United States and the provision of professional services by Greenfield.

Condor Gold (CNR) said that all assay results have now been received for an 8,004 m infill drilling programme on the fully permitted high-grade La Mestiza Open Pit Mineral Resource at La India Project, Nicaragua. The results of the infill drilling programme are consistent with previous drilling grades and widths, demonstrating good continuity in gold mineralization between adjacent drill holes in the high-grade zones and therefore adding confidence to the geological model.

Crypto miner Argo Blockchain (ARB), said that its subsidiary Argo Helios LLC has entered into an equipment financing agreement with NYDIG ABL LLC. As part of the Financing Agreement, NYDIG has loaned Argo Helios an aggregate principal amount of $26.66 million (£20.23 million)* to recapitalize the purchase of electrical infrastructure equipment for the company’s cryptocurrency mining facility, Helios, in Dickens County, Texas. The company anticipates being able to energize the 200MW Helios facility, and is still on track for facility completion, in the first half of 2022.

Corcel (CRCL), the natural resource exploration and development company, updated on its upstream battery metal portfolio and recent nickel price movements. CRCL has historically utilized a $18,500/t price assumption in the Company’s base case modelling at its nickel projects in PNG. It therefore sees significant additional core net asset value from its upstream Battery Metal portfolio and anticipates that ongoing turmoil and extended volatility in global nickel markets will significantly enhance the business case for taking both Mambare and Wowo Gap into DSO production.

Redx (REDX), the clinical-stage biotechnology company, announced encouraging data from the Phase 1 clinical study of its lead fibrosis asset, RXC007. The company said clinical data from its Phase 1 study suggests that RXC007 is safe and well-tolerated at the drug doses it has selected.

Lexington Gold (LEX), the gold exploration and development company, said that its maiden drilling programme on the Jones-Keystone side of its Jones-Keystone-Loflin Project has now been completed bringing to a conclusion the company’s planned 5,000m reverse circulation drill programme.

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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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