Lift Global Ventures (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, provides an update on its investment portfolio company, Trans-Africa Energy Limited. TAE is focused on developing energy infrastructure projects located primarily in Sub-Saharan Africa, the first of which is in Ghana.
Further to its announcement on 31 January 2025, TAE has been informed by a Southern African state investor, in relation to an investment into TAE (“Investor”), that the Investor is obtaining final approvals for sign off. The Investor is looking to invest in oil and gas infrastructure and has undertaken extensive due diligence in relation to the TAE gas pipeline projects. In support of TAE’s efforts to finalise the investment, the Company has agreed to extend the Redemption Date from 30 April 2025 to 30 May 2025.
Jubilee (JLP), a diversified metals producer with operations in South Africa and Zambia, announced it is at the advanced stages on concluding the trials of the processing of various high grade copper ores, as announced on 6 February 2025, at its Roan Concentrator (Roan). The results from these trials will be used to select material for a targeted long-term supply agreement. The finalisation of the trials on the various types of high-grade materials will be completed over the coming two weeks which is critical to the selection of the optimal mix of high-grade copper material. To date, the initial results have confirmed the potential for Roan to maintain a significant increase in copper production rate on the high-grade copper material which supports the decision to migrate Roan onto this high-grade material from initially dedicating the capacity to the processing of copper tailings.
Comment: Despite decent and generally improving newsflow, the market is yet to fully re-evaluate JLP and its share price, something which given the kind of update we have been treated to today remains frustrating.
CleanTech Lithium (CTL), an exploration and development company focused on advancing sustainable lithium projects in Chile, confirms that it has formally submitted an appeal regarding the recent decision by the Government of Chile not to admit the Laguna Verde project into the streamlined procedure for a Special Lithium Operating Contrast (“CEOL”), as referenced in the Company’s announcement dated 23 April 2025. The Appeal has been submitted in accordance with the timeline set out by the Chilean Government. CleanTech Lithium anticipates a response from the authorities by the end of May or early June 2025 and will update the market as soon as further information becomes available.
Comment: Shares of CTL were understandably knocked by the Chilean bump in the road. But it would be expected that the new CEO will get things back on track for CTL sooner rather than later.
GreenX Metals (GRX) presented its Quarterly Activities Report for the period during and subsequent to 31 March 2025. The Company notes the recent U.S. strategic interest in Greenland including Greenland Prime Minister publicly stating that he is open to discussions with the U.S. Greenland is endowed with an abundance of critical minerals which are essential for batteries, technology and defence.
Comment: If the market is not ready to fully price in the mega win for the company against Poland, it should be the case that like some of its Greenland focused peers, there is some extra love regarding its position in the currently Denmark owned territory.
Sovereign Metals (SVML) provided its quarterly report for the period ended 31 March 2025. SVML said “Over the course of the quarter ending June 2025, Sovereign will continue to advance the DFS, publish an upgrade to the Mineral Resource Estimate (MRE), continue with further graphite testwork and graphite offtake discussions, and further its community and social development programs in Malawi.”
Comment: Full marks for SVML in terms of simply getting on with the job at its flagship Kasiya project, and perhaps not such full marks for the market in appreciating the full merits of the company – yet.
Electric Guitar (ELEG) which is actively considering several potential acquisition targets, having been presented with a number of opportunities, the most promising being in the energy and AI sectors. Further announcements will be made in due course.
Comment: A nice tease from the ELEG RNS, underlining the way that the shares have looked to be a technical buy, as the market awaits the result of the promised reboot at the company.
Novacyt S.A. (NCYT), an international molecular diagnostics company with a broad portfolio of integrated technologies and services, announces its audited results for the year ended 31 December 2024. NCVT said “The Company has a broad technology portfolio divided into three business segments: Clinical, Instrumentation and Research Use Only (‘RUO’). These business segments trade within Yourgene Health (“Yourgene”) (78% of total sales FY24) and Primer Design (22% of total sales FY24), focused on the development and commercialisation of clinical products and RUO assays respectively. Group statutory revenue for FY2024 was £19.6m, in line with guidance, representing a YoY growth of 85%, driven by the acquisition of Yourgene (FY2023*: £10.6m).”
Comment: Quite understandably, it has taken a while for pandemic winners on the market to regroup and refocus, with some not managing this tough process. Luckily, NCYT looks to be one of the winners.
Huddled Group (HUD), the circular economy e-commerce group, is pleased to provide an unaudited update on trading for the three months ended 31 March 2025. Group revenue £4.4m (Q1 2024: £2.1m).
Comment: The smart money has been looking at HUD as an improving / recovery situation for quite some time, and today’s update underlines the merits of looking at the company in this way. One would expect the post February recovery for the shares to continue once the dust has settled.
Solid State (SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces a trading update for the 12 months ended 31 March 2025 (“FY 24/25” or the “Period”) and current outlook. The Directors are expecting to report revenues and adjusted profit before tax* for FY 24/25 of at least £124 million and £4.25 million respectively, each ahead of consensus expectations1. Pleasingly, the Group closed the Period with strong shipments to customers.
Comment: A classically positive update from SOLI, underlining the way that the company remains a safe pair of hands fundamentally speaking.
Camellia (CAM) announced its Final Results for the 12 months ended 31 December 2024. 2024 was an important transitional year for the Company. The leadership team and Board were strengthened, and progressed a comprehensive business review. Additionally, financial liquidity was significantly improved, and inherent business risk reduced. The actions taken by the Board represent the first steps to increasing the business’s value and returning it to operating profitability.
Comment: Another under the radar stock which deserves to have some light shone on its, especially given the balance sheet improvement it has delivered. Disposal of non-core property has certainly helped out here.
Zephyr Energy (ZPHR) announced that the ongoing production test (the “test”) on the State 36-2 LNW-CC-R well, at its project in the Paradox Basin, Utah, U.S., is expected to conclude in the coming days with initial test results available shortly thereafter. While the commencement of the test was slightly delayed due to minor operational and equipment availability issues, testing operations are currently progressing as planned and the Company looks forward to providing further updates in the coming days.
Comment: ZPHR continues its post December fightback, with the shares up nearly 50% since then. Yet another case of the bears really not knowing what they were talking about, but trying to get the share price down anyway knowing that a small cap company cannot answer back.
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.
