RNS Hotlist with Zak Mir: LIFS, ARB, DKL, ZPHR, BONH, GAL, PTAL, LFT, IRON, TM1, TRR, EQT, NANO & ORR via Vox Markets

LifeSafe (LIFS), a fire safety technology business, announced the submission of UK and international patent applications for its new fire extinguishing fluid, specifically designed to tackle Lithium Thermal Runaway fires, and the launch of LifeSafe’s Industrial website.

Author @ZaksTradersCafe

The company said the launch of its Lithium TRF fluid is a very significant moment for LifeSafe. This is an important step forward in tackling the risk posed by lithium fires and protecting people across the globe.

Argo Blockchain plc (ARB), a cryptocurrency miner provided an operational update for November 2022. The company said it mined 198 Bitcoin or Bitcoin Equivalents compared to 204 BTC in October 2022. The decrease in BTC mined was primarily due to an increase in the Bitcoin network difficulty in November compared to October. The Company’s total hashrate capacity continues to be 2.5 EH/s.

Dekel Agri-Vision (DKL), the West African agriculture company, provided a November production update for its Ayenouan palm oil project in Côte d’Ivoire and an update on progress at its cashew processing plant at Tiebissou, Côte d’Ivoire. The company said it is looking forward to the coming few months. In terms of the Palm Oil Operation, we are optimistic that CPO prices will remain well above long term averages and the local market is hopeful we will see an improvement in high season volumes which sets up the Palm Oil Operation for a strong H1 2023. The Cashew Operation is shaping up well and we are well set to see a material contribution from this operation also in H1 2023.”

Zephyr Energy (ZPHR), the Rocky Mountain oil and gas company, announced the signing of an amended cooperation agreement detailing an additional $1.0 million in non-dilutive research grant funding. These funds will be utilised for data gathering purposes during the ongoing drilling of Zephyr’s State 36-2 LNW-CC well in the Paradox Basin, Utah, U.S.

Bonhill Group (BONH), a B2B media business, announced an update on the strategic review and formal sale process which was announced on 10 October 2022 and an update on trading since its most recent announcement released on 2 November 2022. The company said forward bookings into FY2023 are strong with 7% of management’s budget for FY2023 already booked, being 31% higher than at the same time last year. Momentum is building for FY2023 with bookings for InvestmentNews and the company’s UK business currently 57% and 16% higher year on year respectively.

Galantas Gold (GAL) announced that it has entered into an agreement with Ocean Partners UK Ltd., whereby Ocean has sold on behalf of Galantas call options on 6,000 ounces of gold at 500 ounces per month from February 2024 to January 2025 at a strike price of $1,775 per ounce for proceeds of US$804,000 to Galantas (an option premium of $134 per gold ounce). Proceeds from the sale will be used to fund development of the underground mining operations at the Omagh Gold Project in Northern Ireland and working capital

PetroTal (PTAL) announced a corporate update, and said it is committed to ensuring that the proposed 2.5% Trust Fund is properly implemented so it may provide critical long-term funding to all the Puinahua District communities. It has also concluded its true up payment agreement with Petroperu and will continue to communicate with them in good faith regarding the additional factoring amounts owed for Q1 2022 oil deliveries into the ONP and the reopening of the pipeline when appropriate repairs are concluded.

Lift Global Ventures (LFT), an enterprise company formed to identify opportunities within financial media / technology, said it is seeking the approval to expand the current investment and acquisition policy of the Company to include opportunities within the energy sector. Subject to the approval of the Resolution on December 28, Tim Daniel and Paul Gazzard will each resign as Directors of the Company at the conclusion of the General Meeting, and Sandy Barblett and Roy Kelly will immediately replace them as Non-Executive Directors, with Kelly assuming the role of Non-Executive Chairman.

Ironveld (IRON) provided updates on the acquisition of Ferrochrome Furnaces (Pty) Limited, the refurbishment and start up of the smelters, and on the project. The company said first sales of material from the smelter are now expected early in 2023 and the second and third operational furnaces are anticipated to both be in production by April 2023.

Technology Minerals (TM1), the company focused on battery metals, announce that it has entered into a £4.0 million convertible bond facility with Macquarie Bank Limited Markets LLC. The company said it was delighted by the confidence Macquarie Bank and Atlas Capital Markets have shown in it. The £4.0m convertible bond facility complements its fundraise in November, as it looks to ramp up our operations at Tipton and progress with its twin-track growth strategy to create a circular economy for battery metals.

Trident Royalties (TRR), the diversified mining royalty company, announce that it has entered into an agreement with Franco-Nevada Corporation for the sale of several pre-production gold royalties for cash proceeds of up to $15.8 million. Trident said the transaction allows it to realize a significant return on its initial investment, while rightsizing the gold exposure within its portfolio and further strengthening the company’s balance sheet for subsequent acquisitions.

EQTEC (EQT), a technology innovator, announced that it has entered into a loan facility with Altair Group Investment, the company’s largest shareholder. The Facility will provide the Company with an up to £2.0 million unsecured loan.

Nanoco Group (NANO), which is involved in the development and manufacture of cadmium-free quantum dots, announced that the Court has notified Nanoco that the case between Nanoco and Samsung has been placed first in the trial schedule that commences on Friday 6 January 2023.

Oriole Resources (ORR), the AIM-quoted gold exploration company, provided an update on its 24.94% interest in privately-owned Thani Stratex Resources Limited. The company said with the Licence due to expire on 31 December 2022, and no possibility of extending its tenure, an amount of £1.45 million, relating to the carrying value of TSR, will be written down in the company’s accounts at year end.

Author @ZaksTradersCafe

Disclaimer & Declaration of Interest
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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