RNS Hotlist with Zak Mir: I3E, ATM, POLB, ORR, CDL, POLY, POG, EVR, KNB, CCZ, LBE, TM1, SHG & SOU via Vox Markets

Presumably flush with cash as Crude Oil is at $130, i3 Energy (I3E), an independent oil and gas company announced its monthly dividend totalling £1.1827 million.

By Zak Mir

Payment to shareholders holding their shares on the TSX will be made in Canadian dollars using the exchange rate from the Bank of England at close on the Dividend announcement date, 9 March 2022.

AfriTin Mining (ATM), an African tech-metals mining company, said that its Ordinary Shares will dual list on the NSX market of the Namibian Stock Exchange with effect from 09:00 am today, 9 March 2022, under the ticker symbol ATM.

Poolbeg Pharma (POLB) a clinical stage infectious disease pharmaceutical company announces that its Annual Report and Accounts for the period ended 31 December 2021, a notice of the Annual General Meeting 2022 and voting proxy form have been posted to shareholders. The company said it is seeking approval to potentially use company funds to buy back shares, and seeking permission from shareholders to allow for potential future dividend payments.

Oriole Resources (ORR), the AIM-quoted exploration company focussed on West Africa, announces its final results for the year ended 31 December 2021. ORR said the award of the new licence package in central Cameroon, follow-on exploration drilling programmes at Bibemi, in the north of the country, and the successful completion of a maiden Mineral Resource Estimate at Senala, in Senegal, where its JV partner, IAMGOLD has also continued to advance exploration.

Cloudbreak Discovery (CDL), a natural resource project generator, said that it has entered into an Option Agreement on the Icefall Project with 1311516 BC Ltd. with the effective date being 7 March 2022. The Icefall Project forms part of the Northwest Portfolio originally announced on 27 September 2021.

Polymetal (POLY) reported that all its operations in Russia and Kazakhstan continue undisrupted and provides an update on the impact of economic sanctions and the most recent changes in the capital control legislation in Russia. The Group said it complies rigorously with all relevant legislation and is implementing comprehensive measures to observe all applicable international sanctions.

Petropavlovsk (POG) said that its mining operations, which are located in the Far East of Russia, currently continue without interruption despite the ongoing conflict in Ukraine. No member of the Group has to date been named in the sanctions against Russia announced by the United Kingdom, United States, European Union and other nations.

EVRAZ (EVR) said it is deeply concerned and saddened by the Ukraine-Russia conflict and hopes that a peaceful resolution will be found soon. EVRAZ continues to monitor the implementation of a Potential Demerger in accordance with the anticipated timetable detailed in the shareholder circular published by the company on 15 December 2021 and the company’s announcement on 1 February 2022.

Kanabo Group (KNB), the pan-European medical cannabis company has signed a Memorandum of Understanding (“MoU”) with Forbe Ltd for the sale of CBD products in Israel.

Castillo Copper (CCZ), a base metal explorer reported that further forensic geology work on the East Zone, BHA Project, re-examined two previously explored prospects within the tenure’s north-west quadrant: Iron Blow and The Sisters. Both prospects were historically extensively sampled for Broken Hill Type and IOCG-type mineralisation. In addition, two prospects – Reef Tank and Tors Tank – are within the defined target area.

Longboat Energy (LBE), the North Sea E&P company, announced the commencement of drilling operations on the Kveikje exploration well (Company 10%). Kveikje is the primary prospect in licence PL293B, which lies in an area north of the giant Troll field in the Norwegian North Sea with many producing fields and significant infrastructure.

Technology Minerals (TM1), which is focused on battery metals, announced that its wholly owned subsidiary Techmin Limited has exercised its option to acquire 100% interest in the Blackbird Creek Property in Lemhi County, Idaho (USA) from DG Resource Management Ltd. The acquisition adds 158 contiguous lode claims covering an area of approximately 1,285 hectares (3,175 acres) to the company’s existing land position,

Shanta Gold (SHG), the East Africa-focused gold producer, announced a maiden resource estimate for the Ramula target at the West Kenya Project in Kenya. This maiden resource estimate follows the successful completion of the Company’s 2021 drilling programme at West Kenya and the Company expects to announce further updates in relation to Isulu-Bushiangala and Bumbo in the coming weeks.

Sound Energy (SOU), the Moroccan focused upstream gas company, announces an extension to the date by which the conditions to its binding gas sale and purchase agreement in respect of the Phase 2 development of the Tendrara Production Concession with Morocco’s state owned power Company ONEE for the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10 year period are required to be satisfied by a further three months. The terms of the GSA were announced by the Company on 30 November 2021.

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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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