Pri0r1ty (PR1 ) said that further to the announcement on 25 June 2025 regarding the disposal by Primorus Investments (PRIM) of its shareholding in the Company, Pri0r1ty Intelligence Group PLC (AIM: PR1), the Ai, data and marketing services group, announces that the Company has been investigating this disposal.
Comment: At least we now have a possible explanation as to why shares of PR1 fell so sharply and irrationally after they first came to market at the end of December. That said, it is generally accepted that lock-ins are generally not an effective means of preventing spurious share deals, if only due to the legal cost and time it takes to chase alleged infringers.
Thor Explorations (THX) provided its second quarter 2025 interim operational update for the Segilola Gold mine, located in Nigeria, and for the Company’s mineral exploration properties located in Nigeria, Senegal and Côte d’Ivoire, for the three months to June 30, 2025. THX said “I am pleased to report a solid operational second quarter of the year, which continues from the strong start we made to the year. Having unwound all our hedged gold positions in the previous quarter, we were able to benefit from the full exposure to the high prevailing gold prices, resulting in a record quarterly revenue of US$82.5 million. We have achieved this whilst continuing to maintain our production costs in line with our guidance.”
Comment: THX continues to prove that it is a stock market cash machine, with the performance even more impressive given the consistency. The headline here is the benefit of the hedges coming off, something which gives THX the full benefit of the big gold rally.
Fulcrum Metals (FMET), a technology led company focused on the recovery of precious metals from mine tailings in Canada, announced that Terra Balcanica Resources Corp. (CNSX: TERA) has exercised the 1st year option under the definite option agreement entered into on 2 July 2024, and as announced by Fulcrum on 3 July 2024, to acquire 100% of Fulcrum’s uranium projects consisting of the Charlot-Neely Lake, Fontaine Lake, Snowbird and South Pendleton projects, located in Saskatchewan, Canada.
Comment: Today’s news is proof that CEO Ryan Mee and the team really do know their onions, and that there is significantly more value in FMET than the market cares to credit the company for.
Beeks Financial Cloud Group (BKS), a cloud computing and connectivity provider for financial markets, announced the signing of c.$10 million of Proximity Cloud contracts in June as well as to provide an update on trading for the year ended 30 June 2025 (FY25). BKS said June marked a record month for Proximity Cloud, with c.$10 million of contracts signed. Proximity Cloud is a high-performance, dedicated and client-owned trading environment, fully optimised for low latency trading conditions and built with security and compliance at the forefront.
Comment: It is a testament to how BKS has stopped being the stock market darling that it once was, that today’s blow the lights out contract has been met with a 4% share price decline.
Vast Resources (VAST), the AIM quoted mining company, said positive progress has been made in the primary beneficiation process of preparing the diamond parcels for tendering. Over recent weeks the Company has been working with specialist consultants to develop new cleaning and sorting processes specific to these eluvial stones, which are unique in character and require several layers of cleaning and preparation to maximise their value at tender.
Comment: Diamonds Are Forever, but it would appear that the sizzle associated with the win in this area has been factored in pending the result of the tender.
Jadestone Energy (JSE) provided an update on the drilling of the Skua-11ST well at the Montara field offshore Australia. JSE said “The Skua-11ST drilling campaign is nearing its conclusion, and I want to recognize the safe and environmentally responsible way the program has been executed to date. We look forward to Skua-11ST adding meaningful volumes to Group production once tied in, which will immediately reduce unit operating costs at Montara and extend field life by a year.”
Comment: An upbeat RNS, but so far the market is treating the company as if it has a bad case of halitosis, with the shares trading near year lows. A reboot seems in order.
Bluebird Mining Ventures (BMV), a pan Asian gold project development company, announced the completion of a transaction to acquire 756 ASIC bitcoin mining units, comprising a mix of Bitmain and Canaan models with a combined total hashrate of approximately 63.7 PH/s. BMV said “This is a small but symbolic step in our roadmap. We’re building a portfolio of long-dated, asymmetric exposures across gold and bitcoin.”
Comment: Perhaps a little ironically, BMV seems to be keen on doing an Argo Blockchain (ARB), in terms of at least one part of its strategy. One presumes it will do rather better than its predecessor did, it would be difficult not to.
Filtronic (FTC), the designer and manufacturer of advanced RF solutions for the space, aerospace and defence, and telecoms infrastructure markets, announced a new contract award to supply high-performance modules for an electronic sensor system for £13.4m.
Comment: Another day, another chunky contract for FTC, one that one presumes the market will under-rate and its seems keen on doing. This is really one company that should move to the US market.
Ariana Resources (AAU), the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe announced the commencement of hot-commissioning of the processing plant at the Tavsan Mine in Türkiye, in which Ariana has a 23.5% interest. This is an important step towards commencement of gold processing operations at Tavsan, the Company’s second operating gold mine in Türkiye.
Comment: Although AAU only has 23.5% of the projects, we have seen some positive stirrings in the share price (at last), something which suggests that the market is finally starting to get some modicum of confidence in the company and its strategy.
Great Southern Copper (GSCU), the company focused on copper-gold-silver exploration in Chile, announce the completion of ground geophysical surveys at the Cerro Negro prospect. Initial results from the Gradient Array induced polarisation (IP) survey define multiple geophysical targets along trend south of the mine.
Comment: GSCU has been as regular as clockwork in terms of finding and proving up high grade targets, with this state of affairs continuing at Cerro Negro.
Tao Alpha PLC, to be renamed Satsuma Technology (SATS), a public company pioneering the convergence of Bitcoin treasury strategy and decentralised AI, announced that Henry Elder has agreed to take on the full-time role of Chief Executive Officer. Henry will also join the board as an executive director, subject to the completion of due diligence checks, which we expect to conclude imminently. Yesterday, the company purchased 28.56 Bitcoin at $118k for a book value of £2.5m.
Comment: A key differentiator as far as Bitcoin Treasury Strategy companies will be the experience that board members have in this area, as opposed to those who have just adopted the strategy as a “me too” to drive the share price up. SATS appears to appreciate how important this is.
Helix Exploration (HEX), the helium exploration and development company with near-term production assets within the ‘Montana Helium Fairway’, announced the completion of drilling at the Inez #1 well in Rudyard Project, Montana. HEX said “Inez #1 confirms the continuation of helium-bearing intervals across a broader portion of the structure, significantly enhancing our understanding of its scale and potential. Helix will now move directly on to wireline logging and flow testing of the Inez #1 well.”
Comment: If there were prizes for drilling it has to be said that HEX would scoop the lot. That said, the market appears content for now that the company is proving up as much of its assets as possible.
Alba Mineral Resources (ALBA), the gold and critical raw materials focused exploration and development company, is pleased to announce that it has entered into an agreement to acquire a majority stake in the Motzfeldt Critical Metals Project, a large and highly prospective niobium-tantalum-zirconium-rare earth element (Nb-Ta-Zr-REE) project located in southern Greenland. The Company has also raised £550,000 (before costs) in a share placing to institutional investors.
Comment: One might have thought that ALBA may not have had the fundraising bandwith to raise cash for an acquisition. That said, the latest purchase does seem to be a great addition to the portfolio given how hot rare earths are at the moment.
Georgina Energy (GEX) said the Company’s subsidiary, Westmarket Oil & Gas Pty Ltd, has received formal approval of its Well Management Plan for drilling activity at Hussar from the Western Australian Department of Mines, Petroleum and Exploration. GEX said “Georgina’s operations team has worked on all the required obligations for the Hussar drilling permit approval in cooperation with the indigenous community representatives. We await approval for our extended environmental plan, and look forward to receiving the final drilling approval once all obligations and approvals have been obtained.”
Comment: Once again we are reminded that putting all the hysterical shorting agenda based mudslinging, GEX is simply getting on with the job in a determined and professional manner. The goal of drilling approval should be supportive to the shares in the near term.
Eco Buildings Group (ECOB), the AIM-listed modular housing and marble quarrying company, announced a major positive development regarding the ongoing €195 million arbitration proceedings brought by its subsidiary, Fox Marble Ltd, against the Republic of Kosovo. The Company has secured an offer of full litigation funding from Atticus Litigation Financing, a new litigation financing fund set to become operational in August 2025.
Comment: With all the talk of the modular housing, it has perhaps been easy to forget that ECOB still has the potential upside of a €195m arbitration win. This is that bit more likely in the wake of securing litigation funding as lawyers are not famous for working in vain.
Gelion (GELN), the global energy storage innovator, announced updates in its solid-state battery programme, including the award of partner grant funding and the commissioning of a solid-state pouch cell prototyping line which is expected to be fully operational by September 2025.
Comment: Perhaps the main sizzle here apart from the pouch cells is the way that GELN is a beneficiary via grant funding of the whole Quango run Net Zero gravy train.
Orosur Mining Inc. (OMI), updated on the progress of exploration activities at the Company’s flagship Anzá Project in Colombia. The Company announces that it has taken the formal decision to begin a work program that, if successful, is designed to allow a Mineral Resource Estimate (MRE) to be calculated at its Pepas gold prospect, within the Anzá gold project area in Colombia.
Comment: OMI continues to finesse Anza, something which should at the very least allow for a further positive consolidation of the share price in the run up to the MRE being revealed.
Hot Rocks (AQSE:HRIP) announced that following its recent investment of £100,000 in to Hamak Gold Limited for 12,500,000 ordinary shares at 0.8p per share and 12,500,000 warrants, the Company has disposed of 6,000,000 ordinary shares in Hamak at an average price of 2.61p raising the sum of £156,600 after costs. The Company retains 6,500,000 ordinary shares in Hamak and 12,500,000 warrants over Hamak ordinary shares exercisable at 0.8p per share for 2 years, being locked in for 12 months from their date of issue.
Comment: It is good to see someone in the market obeying a lock-in, unlike at some companies one could care to mention. We also have further proof of HRIP’s nimble trading strategy.
First Class Metals (FCM), the UK-listed exploration company, to announced that it has entered into a non-binding MOU with Valereum (AQSE:VLRM), a market-leading digital asset infrastructure group. The MOU sets out a framework for both parties to evaluate the potential for applying regulated tokenisation to fund mineral exploration and development projects within First Class Metals’ asset portfolio.
Comment: Although at first glance today’s announcement between the two companies appears to be the most unlikely combination since David Bowie teamed up with Bing Crosby to sing The Little Drummer Boy, there is a growing trend for resources companies to turn hard assets into digital ones.
Vaultz Capital (V3TC), a digital asset operating company, announced that it has raised £1,000,000 at 16.5 pence per share on Friday 11 July 2025. The £1,000,000 gross proceeds raised via the Placing will be used to continue executing the Company’s operational business and bitcoin Treasury Strategy.
Comment: While some may have been thinking or even hoping that the Bitcoin Treasury Strategy brigade would peak, the massive surge in Bitcoin over the weekend, suggests that the likes of V3TC are very much on track.
Solvonis Therapeutics (SVNS), a clinical-stage biopharmaceutical company developing novel medicines for addiction and mental health disorders is pleased to announce that its Chairman, Dennis Purcell, will participate in an exclusive investor event hosted by Lucid Capital Markets on Thursday, 17 July 2025 at 2:00pm ET. The event features a panel discussion with three of the most influential figures in global biopharma.
Comment: Given that Dennis Purcell, the Chairman of SVNS is on the board of Ichnos (IGI), which has just completed a $1.2bn deal with US giant Abbvie (ABBV), one would have thought that there will be plenty of attention not only on him, but SVNS at the investor event.
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.
