RNS Hotlist with Zak Mir: TGR, ARB, TEK, BEN, KZG, AGY, MKA, IRON, NMT & SML via Vox Markets

Tirupati Graphite plc (TGR), the specialist flake graphite company, announced its Interim Results for the six months ended 30 September 2022.

Author @ZaksTradersCafe

The company said it was pleased to report increasing production and sales in the period which resulted in a reduction in negative EBIDTA, despite challenging circumstances faced. The rapid action taken to address these challenges with innovative and pragmatic solutions has laid the path for continued progress.

Argo Blockchain (ARB), a cryptocurrency mining group, announced that it has closed the previously announced transactions with Galaxy Digital Holdings, Ltd. The company has sold its Helios facility in Dickens County, Texas for $65 million (£54 million), refinanced its asset-backed loans, and entered into a hosting agreement with Galaxy to maintain Argo’s mining machines at the Helios facility.

Tekcapital (TEK), the UK intellectual property investment group noted that Innovative Eyewear, Inc., the developer and retailer of smart eyewear under the Lucyd® and Nautica® brands, has announced that through an agreement with Authentic Brands Group, it has licensed the iconic outdoor brand Eddie Bauer® for smart eyewear.

Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announced that it has granted 1,000,000 options over ordinary shares in the company to Murat Erden, the Company’s Chief Financial Officer and a person discharging managerial responsibility.

Kazera Global (KZG) announced that, due to delays in the provision of information from its wholly owned subsidiary African Tantalum (Proprietary) Limited, the company will not be able to publish its annual report and accounts for the year ended 30 June 2022 by 31 December 2022. Accordingly, trading in the Company’s shares will be suspended on AIM from 7.30 a.m. on 3 January 2023.

Allergy Therapeutics (AGY), the fully integrated commercial biotechnology company specialising in allergy vaccines, announces that due to delays in completing the audit for the year ended 30 June 2022, it will not publish its annual report and accounts by 31 December 2022. Shares of the company will be suspended from trading from 7.30am on 3 January 2023.

Mkango Resources (MKA) and CoTec Holdings Corp. provided an update on the transaction announced on 30 May 2022. CoTec has advanced a further £325,000 to Mkango by way of a convertible advance note and Mkango has extended exclusivity until January 31, 2023.

Ironveld (IRON), the owner of a High Purity Iron, Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa announced its final results for the 12 months ended 30 June 2022. The company said 2023 is expected to see production and sales increase rapidly as the smelter moves to full capacity production.

Emerging sustainable battery materials producer, Neometals (NMT) announced it has agreed an extension of its Co-operation Agreement with Critical Metals Ltd, in relation to the parties’ proposed vanadium recovery operation in Finland, to 28 February 2023. Neometals is earning a 50% share in an incorporated joint venture to develop a vanadium recovery project with unlisted Scandinavian mineral development company, Critical Metals Ltd.

Strategic Minerals (SML), a producing mineral company, announced that its wholly owned subsidiary, Leigh Creek Copper Mine Pty Ltd, has lodged, with South Australia’s Department of Energy and Mining, an application for a new Program for Environmental Protection and Rehabilitation relating to planned mining at Paltridge North. The company said this is being sought as part of LCCM’s expected 2023 re-opening of operations at Mountain of Light at Leigh Creek, subject to funding.

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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