RNS Hotlist with Zak Mir: TEK, CTL, WCAT, OBD, REDX, CCZ, FUM, ORR, PRE & BRES

Tekcapital (TEK), the UK intellectual property investment group, announced that Innovative Eyewear, Inc. (NASDAQ: LUCY; LUCYW), a developer and retailer of cutting-edge smart eyewear and a subsidiary of portfolio company Lucyd Ltd, has licensed the global lifestyle brand Nautica® for smart eyewear.

Author @ZaksTradersCafe

CleanTech Lithium (CTL), an exploration and development company, announced a maiden JORC Inferred resource estimate at its Francisco Basin Lithium project, Chile. The company said it was delighted with the maiden JORC Inferred resource estimate of 0.53 million tonnes of LCE at a grade of 305mg/L Lithium from its first well at Francisco Basin.

Wildcat Petroleum (WCAT), announced backing from natural resources specialist investor, Waterford Finance and investment Ltd. The owner of Waterford, Mikhail Kroupeev will join WCAT as a strategic adviser to its Board of Directors and Waterford will also take a nominal equity stake in Wildcat.

Oxford BioDynamics (OBD), a biotechnology company, confirmed the availability of its Proprietary Laboratory Code (PLA Code) 0332U, assigned by the American Medical Association’s CPT Editorial Board, from 1 October, 2022. The code was issued for the EpiSwitch® CiRT to Oxford BioDynamics and its partner lab NEXT Bio-Research Service in July, and as expected, is now available for the billing of the test under Medicare, Medicaid and private payors.

Redx (REDX), the clinical-stage biotechnology company, announced preclinical efficacy data in immune mediated models for RXC007. The data on RXC007, the company’s lead fibrosis asset, was presented alongside encouraging final Phase 1 safety and pharmacokinetic data at the International Colloquium on Lung and Airway Fibrosis (ICLAF) on 2 October by Dr Nicolas Guisot, Research Fellow at Redx.

Castillo Copper (CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, announces its financial results for the year ended 30 June 2022. The company its three assets in Australia – Cangai Copper Mine, BHA and NWQ Copper Projects – have either cobalt or copper inferred mineral resource estimates which delivers a significant point of difference over peers. The Board is in discussions with a number of parties that could aid delivering paths to market for Cangai Copper Mine and NWQ Copper Project. In addition, a cobalt-focused drilling campaign is now underway at the BHA Project’s East Zone. The four-week campaign comprises one diamond core and 17 RC drill-holes for 2,100m across four prospects.

Futura Medical (FUM), a pharmaceutical company, announced that it has now completed all of the work that it believes is required for the FDA to grant marketing authorisation for MED3000, its fast acting clinically proven treatment for erectile dysfunction. The dossier will now be submitted to the FDA and the Company remains confident of being granted marketing authorisation by the FDA by the end of Q1 2023 in line with previously announced timelines.

Oriole Resources (ORR), the AIM-quoted exploration company focussed on West Africa, has received a two-year licence extension for its 90%-owned Bibemi orogenic gold project in Cameroon. Under Cameroonian law, there is no mandatory ground relinquishment required on renewal and, as such, the company has maintained the full 177km2 licence area. The non-renewable extension is valid until 26 September 2024, at which point the company will need to apply for an exploitation licence.

Pensana (PRE) has signed a memorandum of understanding for offtake of 25% of annual production to supply critical raw materials for production of magnet materials needed to support the burgeoning demand for electric vehicles and offshore wind. Pensana said it was extremely pleased to be entering into this strategic relationship by supplying Rare Earth oxides from the Saltend processing hub in the freeport Hull,and will continue to develop the independent and sustainable supply chain for low carbon rare earth products to be produced in Europe.

Blencowe Resources (BRES) announced it has received an approach from a group in China that has the potential to ultimately provide an offtake, funding and development scenario for its 100% owned Orom-Cross graphite project in Uganda. Based on these discussions, the company has agreed to send a bulk sample of ~100 tonnes from Orom-Cross to China as soon as possible to enable further metallurgical test work to be undertaken by the potential strategic party.

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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