Rockfire Resources (ROCK), the gold, base metal and critical mineral exploration company, announced that it has entered into a new joint venture at the Plateau gold deposit in Queensland, Australia.
The purpose of the JV will be to test regional targets, as well as the discovery of higher-grade gold, close to Rockfire’s JORC resource. The company said the joint venture structure is designed so that Sunshine will sole-fund exploration costs on the project, with minimum allowance for administration costs.
San Leon (SLE) said it remains in advanced negotiations in respect of the proposed sale of the company’s non-core investments in DPL, although the completion of this proposed sale will be subject to the purchaser finalising its own funding arrangements. In addition, Decklar and Millenium have received payment on the first invoice for delivered crude under the 10,000 bbls sale agreement with ERPC. The Company has now issued an invoice for delivery of the first 5,000 bbls as part of the 30,000 bbl sale agreement with ERPC with payment expected in approximately three weeks. With continued production and delivery of crude oil it is expected that regular billing and receipts of sales proceeds will occur.
Audioboom (BOOM), the podcast company, announced the renewal of partnerships with key podcasts including The Way I Heard It With Mike Rowe, RELAX!, and Two Hot Takes, plus the continued expansion of its creator network through new commercial agreements with top tier podcasts including The Tim Dillon Show, Myths & Legends, Minds Of Madness, The Nateland Podcast, and Celebrity Memoir Book Club.
Atlantic Lithium (ALL), the African-focussed lithium exploration and development company, announced that it has been listed in the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
Love Hemp Group (LIFE), the consumer goods company focussed on CBD provided a Board director update. Graham Mullis, non-executive Chairman and Anthony Dyer, interim CFO have completed their transition periods and have now stepped down from the Board with immediate effect. Fahmeeda Khan has been appointed as the interim Financial Director and Board director. In addition, strategic investors that provided the £1,500,000 have agreed to increase the binding secured loan by £100,000. The secured debt is now a total of £1,600,000 with a term of five years.
Allergy Therapeutics (AGY), the commercial biotechnology company, provided a trading update for the six months ended 31 December 2022. The Group said it expects revenue for the six months ended 31 December 2022 to be £39.9m (2021: £48.7m) representing a reduction of 18% compared to last year.
GreenRoc Mining (GROC), a company focused on the development of critical minerals projects in Greenland, announced the results of purification test work carried out by GreenRoc’s technical consultants, ProGraphite GmbH on spheronised graphite produced from an Amitsoq graphite sample. The test work achieved purity of 99.97% using alkaline purification, which exceeds the purity required to produce spheronised graphite used in the manufacturing of anodes for electric vehicle batteries.
Castillo Copper (CCZ), a base metal explorer, presented its latest quarterly report for the period 1 October to 31 December 2022. Highlights included assays from seven drill-holes across the Fence Gossan (FG) and Tors Tank (TT) Prospects, confirm a significant shallow clay-hosted Rare Earth Elements (REE) discovery – up to 2,410ppm Total Rare Earth Oxides (TREO).
Mirriad (MIRI), the in-content advertising company, said it has decided to conduct a formal review of the various strategic options available to the company to maximise value for shareholders and other stakeholders. The Board and the management believe that, following the company’s progress and improved position in the US market and the development of its platform capabilities including programmatic readiness, the company is significantly undervalued and that there is meaningful upside potential to the current share price.
SYME (SYME), the fintech business, provided an update on its recent business activities. The company said today’s update evidences the continued and significant progress being made by the Group. The next key milestones on SYME’s horizon are traditional funding-backed IMs in Italy and the UK. These transactions will serve a dual-purpose: to build its track-record for Inventory Funders; and to support corporates in sectors where it sees growth opportunities and the potential to scale to larger inventories.
Ariana Resources (AAU), the AIM-listed mineral exploration and development company, announced the full-year production results for the year ended 31 December 2022 for the Kiziltepe Mine in Turkey. The company said 2022 was an operationally very strong year. Kiziltepe has now completed six highly productive years of operation, performing consistently above guidance and having now produced significantly more gold than modelled in its feasibility study.
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