RNS Hotlist with Zak Mir: LIFS, NSCI, OKYO, PSY, PUR, IES, NANO, KEFI, COPL, CNR, CDL, EDL & POW via Vox Markets

LifeSafe (LIFS), a fire safety technology business with innovative fire safety products, announces that it will issue its results for the six months ended 30 June 2022 in the second half of September 2022.

Author @ZaksTradersCafe

The company said that LifeSafe traded in line with the Board’s expectations, achieving  sales of approximately £1.2 million (H1-2021: £0.04 million; FY-2021: £0.67 million). Strong operational and strategic progress made in H1-2022, reflects the successful commercialistion of its StaySafe 5-in-1 product since its launch in August last year.  In the Period, it has nearly doubled the revenues that generated in FY-2021 and this strong momentum has continued into the second half.

NetScientific (NSCI), the international life sciences and sustainability technology investment and commercialisation Group, completed yesterday its acquisition of a 30 per cent. stake in Vortex. Additionally, Vortex has recently appointed Paul Jones as its new Chief Executive Officer. Vortex is focused on developing its position in the multi-billion dollar oncology liquid biopsy market.

OKYO Pharma (OKYO) announced its final audited results for the year ended 31 March 2022. The company said based on the results from earlier dry eye disease animal model studies that have been performed with OK-101 as well as the additional animal study showing the potential of OK-101 to reduce corneal neuropathic pain, it is moving forward with plans to file an IND to treat DED in the fourth quarter of 2022. This will be followed by the subsequent initiation of a Phase 2 trial of OK-101 to treat DED patients in the first quarter of 2023.

Psych Capital (PSY), the psychedelic healthcare incubation and investment company, that operates the leading industry  data, insights, and networking platform, PSYCH, announces that its portfolio company Awakn Life Sciences has announced a licensing partnership agreement with Revitalist Lifestyle and Wellness Ltd., one of the largest publicly listed U.S. based ketamine wellness-clinic chains. The agreement will enable Revitalist to treat clients with Awakn’s proprietary ketamine-assisted therapy for the treatment of AUD.

Pure Gold Mining (PUR) provided an operational update and outlook as well as financial results for the second quarter of 2022. The company said that so far during the third quarter, both costs and revenues are trending in the right direction on a sequential quarterly basis, due to the groundwork laid in the first and second quarters. As a result, the Company forecasts the Mine to deliver positive site-level cash flow in the third quarter, achieving a previously stated objective.

Invinity Energy Systems (IES), a manufacturer of utility-grade energy storage, announced it has signed a MOU with U.S. Vanadium LLC which expresses mutual intent to create a U.S.-based JV focused on building and selling vanadium flow batteries in the United States of America. The non-binding MoU outlines the principal terms under which the JV, to be owned 50:50 by Invinity and USV, will combine Invinity’s flow battery expertise with USV’s ability to supply high-quality vanadium electrolyte from high-purity vanadium, both of which USV produces at a facility in Arkansas.

Nanoco Group (NANO), a nanomaterials specialist, provided a year end trading update ahead of the announcement of its final results for the year to 31 July 2022, which will be released in October 2022. The company said it has delivered two very important milestones in the second half of FY22. It  won all five patents and all 47 claims that were contested by Samsung at the Patent Trial and Appeal Board. It also delivered a significant contract extension with our European electronics customer. It looks forward to the scheduled trial in the IP litigation on 12 September 2022 and to validating our products in H1 of FY23.

KEFI (KEFI), the gold exploration and development company, provide an operational update on the activities of KEFI Minerals (Ethiopia) Ltd  and Tulu Kapi Gold Mines Share Company in Ethiopia, and Gold & Minerals Ltd in Saudi Arabia. The company said it has been rapidly expanding its resource base for two years and regulatory progress during July and August reinforces that momentum. KEFI’s beneficial interest in gold-equivalent mineral resources has grown from 1.2 million ounces in mid-2020 to 2.1 million ounces at the end of 2021, with further growth underway in 2022 and anticipated in the coming years.

Canadian Overseas Petroleum (COPL), an international oil and gas company, announced its financial results for second quarter ending June 30, 2022 and an operations update on its Wyoming properties. Net crude oil sales before royalties averaged 961 Bbls/d as compared to 1,114 Bbls/d in the first quarter of 2022. Due to Cuda’s operating arrears liability as a joint interest partner in the Wyoming assets the company has also held Cuda’s average production of approximately 415 Bbls/d in the second quarter of 2022 and 477 Bbls/d in the first quarter of 2022.

Condor Gold (CNR) published its unaudited financial results for the six months ending 30 June 2022 and the Management’s Discussion and Analysis for the same period. Condor said it made significant advances during the 6 month period de-risking the fully permitted La India Project to a near construction ready status and completing all technical studies for a Feasibility Study on La India open pit. 99.6% of the land for the key areas has been purchased and 14 hectares of land have been cleared in the location of the processing plant facility.

Cloudbreak Discovery (CDL), a natural resources project generator, announced that it has entered into an agreement with Iron Forge Holdings (III) Ltd. whereby Cloudbreak will provide IF3 with USD $1.5 million in development capital for the Butte Strawn Energy Project located in Irion County, Texas.

Edenville (EDL) has signed an agreement with Brahma Energies Limited, commencing immediately, to secure production and sales of a minimum of 4,000 tonnes of washed coal per month at the Company’s Rukwa Coal Project in Tanzania, potentially rising to a minimum 6,000 tonnes after 2 months.

Power Metal Resources (POW), the London-listed exploration company, updated in relation to the Molopo Farms Complex Project targeting a large scale nickel-copper-platinum group element discovery in southwestern Botswana. The company said today’s news is potentially one of the more significant released in its 3-year history as Power Metal. It confirmed that drillhole K1-6 at Molopo Farms, drilled during the 2020/2021 programme, intersected the edge of a very large-scale and strong magnetic conductor.

Author @ZaksTradersCafe

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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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