Wishbone Gold (WSBN) announced that drilling at the Company’s Red Setter Gold Dome Project, located 15km South-West of Greatland Gold Plc’s (GGP) Telfer gold mine in Western Australia, has drilled the breccia identified in hole number 25RSDD001 down to a depth of 777m, an interval of 152m, with Quartz-carbonate veining and sulphides of chalcopyrite and pyrite on either side from 520m-777m a total zone of 257m.
Comment: So soon after discovering its breccia pipe, WSBN / a.k.a the new GGP, sets about drilling it. So far all the signs regarding this including the chalcopyrite appear good.
Oracle Power (ORCP), an international project developer, announced that it will proceed with its exploration plan at the Blue Rock Valley Copper and Silver Project. This follows the positive results from the maiden geochemical sampling programme announced on 4 July 2025. The programme highlighted number of strong anomalies across the Project over a strike of ~2km, which remains open. The Project is located in the Ashburton Basin, in the northwest region of Western Australia.
Comment: ORCP’s sideline as an Australian explorer has gone well, with the Northern Zone the shining example. But the shares continue to languish, and need the kind of boost that a breakthrough in its Pakistan projects would provide.
Premier African Minerals (PREM) announced a subscription today to raise £1,380,000 before expenses at an issue price of 0.023 pence per new ordinary share for the Zulu Lithium and Tantalum Project Premier’s principal priority and the basis of this funding are firstly, to fund ongoing refining and optimising of the Primary Flotation Plant, secondly to provide funding for the alternative spodumene float plant should this proceed pending the review as announced on 20 August 2025, thirdly to part fund certain operating expenses and debt settlements while the negotiations outlined in the previously announced non-binding letter of interest (see announcement dated 20 August 2025) are concluded and lastly, towards general working capital for Premier.
Comment: Given that outgoing CEO George Roach only has another 10 days in the hot seat, it would perhaps have been rude not to have a valedictory fundraise, and look back with fondness at all the fundraises that have been delivered under his watch. Who says there is no liquidity in the London market?
The Smarter Web Company (AQUIS: SWC), a London listed technology company, is pleased to announce the appointment of Jesse Myers in a full-time role as Head of Bitcoin Strategy. Jesse was appointed, announced 18 June 2025, in a part-time capacity as Bitcoin Strategy Consultant. Since then, Jesse has become a key part of the team, adding value in a variety of ways to The Smarter Web Company and its Bitcoin treasury strategy. The Smarter Web Company is pleased to welcome Jesse in a full-time capacity to continue in his role as a vital part of our Bitcoin treasury strategy, with an exclusive focus on The Smarter Web Company going forward.
Comment: Although it may appear that Bitcoin Treasury Strategy just involves raising as much cash as possible, as quickly as possible, to buy as much BTC as possible at any price, there is apparently more to the process than just hitting the offer price. Shares of SWC have halved over the past month. But thankfully, are still up 3,500% since May.
Andrada Mining Limited (ATM), a tin producer with a portfolio of critical raw materials mining and exploration assets in Namibia, announce the completed construction of the second processing plant at the Company’s flagship Uis mine. Construction of the Jig Plant has been completed on time and within budget. Commissioning of the Jig Plant to commence in the final week of August 2025. Tin output expected to significantly increase through additional processing capacity granted by the Jig Plant.
Comment: A great little company, advancing its timelines, Jig Plant, or no Jig Plant. Presumably, one day soon ATM will be able to successfully engage the market as to its attractions. So far this goal has been elusive.
OptiBiotix Health (OPTI), a life sciences business developing products which reduce hunger and food cravings, enhance the gut microbiome, and sweet fibres as healthy sugar substitutes announces that its shares have been approved to trade on the OTCQB Venture Market in the United States and will commence trading on the stock market at open on Thursday 21 August 2025 under the symbol “OPTBF”.
Comment: Until the recent rise of the BTC strategy stocks, having a listing on OTCQB was perhaps as much of a c £20,000 a year indulgence as anything else. However, now it has kind of become the new rock and roll. One hopes that OPTI can help US investors forget about weight loss jabs and focus on its appetite reducing SlimBiome, which is obviously much better.
Image Scan Holdings (IGE), the specialist provider of X-ray screening systems, announces a trading update and two new contract awards, further strengthening its significant order book. As indicated in the Interim Results announcement, the Board is anticipating a positive second half of the year, albeit the result for the full year will be dependent on the timing of order receipts and their subsequent delivery. Although the Board believes there are no fundamental issues with the Company’s suppliers, long lead times in the supply chain are impacting manufacturing and assembly time. As a result, the outcome for the year ending 30 September 2025 remains uncertain but the expectation is that current market guidance will not be achieved.
Comment: The kind of “on the one hand, on the other hand” talk that Sir Humphrey Appleby would be proud of. Alas, then the punch to the stomach that current market guidance with not be achieved. But full marks for use of English.
Cloudbreak Discovery (CDL), announced the very encouraging results returned from its first gold sampling programme at the Darlot West Gold Project. The rock chip sampling at surface carried out in the maiden exploration programme on site has returned multiple significant results with grading up to 28.62g/t gold across four discrete prospect areas within the Project.
Comment: After years in the wilderness, and trouble / strife all around, could this finally be the start of something positive at CDL? A rhetorical question, given the spike in the shares today.
Prospex Energy (PXEN), the AIM quoted investing company focused on European gas and power projects, announced that Po Valley Operations Pty Limited (PVO), a wholly owned subsidiary of Po Valley Energy Limited (ASX: PVE) and operator of the Selva Malvezzi production concession, together with its JV partners, PXOG Marshall Limited (PXOG) and UOG Italia Srl (UOG), have signed a new gas sales agreement (GSA) with Hera Trading S.r.l. (Hera Group).
Comment: The market appears to have been overly harsh to PXEN shares, and CEO Mark Routh, who we know knows his onions. However, there was always the risk the company was spread too thin, and while the situation is improving, there is still work to be done to get back momentum in the share price.
Pulsar Helium Inc. (PLSR), a leading helium project development company, is pleased to announce that, further to its announcement on August 20, 2025 of the Offering, conducted in the United Kingdom by way of an accelerated bookbuild, the Company has raised gross proceeds of GBP 3,444,100. Net proceeds received pursuant to the Offering will be used to advance Pulsar’s flagship Topaz helium project in Minnesota, USA and for general working capital purposes. Specifically, the Company intends to sign a new contract for drilling of up to 10 new appraisal wells, to further define the size and shape of the helium-bearing reservoir. Other activities to be funded from the net proceeds of the Offering within the coming 12 months include a preliminary economic assessment and resource update.
Comment: After a long quiet period PLSR delivered a positive RNS, and then shortly after the fundraise. I see what you did there. Skills.
Versarien (VRS), the advanced engineering materials group, provides an update regarding a proposed joint venture outlined in the Company’s interim results, announced on 30 June 2025, and the Company’s proposed strategic investment. As previously announced, the proposed strategic investment had been delayed by, inter alia, not yet receiving appropriate clearances under both the UK National Security and Investment Act (“NSIA”) and Chinese Outbound Direct Investment including a pending decision from the Investment Screening Unit in relation to a joint venture company. The Chancellor of the Duchy of Lancaster has now made a determination which prevents the acquisition and use of the tangible and intangible assets held by Versarien by the prospective UK joint venture company with China’s Anhui Boundary Innovative Materials Technology (“BIMT”) on the grounds of maintaining the security of know-how and intellectual property relating to the production and use of graphene with dual-use applications.
Comment: No wonder small companies struggle in the UK, with pen pushers / government, legislation and lawyers, and all the other business prevention and red tape merchants involved. VRS says “It should be noted that there is no certainty of concluding a joint venture agreement on this basis, nor of concluding the strategic investment.” After all the technicalities one wonders how the management summon up the strength to get out of bed in the morning, or simply just thrown in the towel, as loser observers of the company would love them to do.
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.
