DeepVerge (DVRG), once again illustrated what a diversified business it is. Skin Trust Club powered by Labskin, a division of DeepVerge, announced that creative digital company, Media.Monks, as its end-to-end partner to roll out its brand and communications strategy.
By Zak Mir
Skin Trust Club test results combine 14 years of laboratory skin science and the latest consumer smartphone technology to provide each person with a unique skincare routine based on their own skin’s microbiome. DeepVerge said its partnership with Media.Monks brings a digital-first campaign across social media using data optimisation to deliver the full lifestyle experience.
European based bio-pharma company MGC Pharma (MGC) confirmed that it has received a Purchase Order for $3m from AMC Holdings for MGC’s Pharma’s COVID-19 treatment, CimetrA(TM), as part of its three-year, $24m USA Supply and Distribution Agreement with the Company. This order represents over 110,000 units of CimetrA(TM) , the largest single order that the company has received for any product to date.
Minerals exploration and development company, Alien Metals (UFO) updated on its inaugural drilling programme at the high-grade Elizabeth Hill Silver Project in the Pilbara Region of Western Australia. The company said ongoing drilling at Elizabeth Hill continues to produce visible sulphides. which have been observed in core and RC chips. This appears to support the company’s view that a larger polymetallic halo exists around the original high-grade silver deposit.
Bespoke telecom services provider to UK SMEs, Toople (TOOP) said that it has experienced robust order intake during September 2021, which has proved to be one of its strongest order intake months in FY21. The group has continued to grow its customer base, winning new contracts during September, including five major new deals to provide leased line services. The new contracts are all to UK businesses with a minimum contract length of either three or five years.
Edenville Energy (EDL) updated regarding the company’s Rukwa Coal Project in southwest Tanzania. Mining and processing ramping up at Rukwa following site preparation. The company said over 400 tonnes of coal processed in last two weeks of September 2021 and is targeting processing 3,000 tonnes a month of washed coal in the current quarter. According to Edenville, the significant global coal price increase has further boosted interest and economics.
AIM-quoted exploration company focused on West Africa, Oriole Resources (ORR) provided an update on its 90%-owned Central Licence Package in Central Cameroon. Gold assay results have been received for 503 stream sediment samples related to the Ndom, Pokor and Mbe licences. Strongly anomalous values were returned from all three licences, with 26 samples grading >10 ppb Au and six samples returning >50 ppb Au. The highest reported result of 291 ppb Au was returned from the Ndom licence. Oriole said the results continue to demonstrate a strong association with the northeast-trending TBSZ corridor and related structures. The 18 targets (>30 ppb Au) identified to date will now be ranked ahead of designing follow-up programmes. Mapping and sampling over the remaining three licences in the west of the Package will resume in Q4 2021.
Pure Gold Mining (PUR) announced a non-brokered financing of C$3.45m. The company intends to use the net proceeds raised from the transaction to fund the continued ramp up of operations at its 100%-owned PureGold Mine Project located in Red Lake, Ontario, underground drilling and development of the high-grade 8 zone, and for general corporate purposes.
In-content advertising company, Mirriad Advertising (MIRI) announced a collaboration with Electric Glue and 4Sales to incorporate an in-content product placement for Rightmove, within Channel 4’s popular peak time property show Location, Location, Location. The new autumn series of Location, Location, Location, which debuted on 29 September 2021, is accompanied by a brand-new digital overlay in each episode that features contextually relevant statistics from Rightmove’s extensive property data.
Glantus (GLAN) and VAT IT UK Ltd, said that they have signed a partnership agreement to offer tax and working capital reclaim services. VAT IT customers will now have access to the Glantus Data Platform and expertise to realize additional savings through targeted accounts payable analysis, credit recovery, and automation of the accounts payable process.
Karelian Diamond Resources (KDR) said that results from analysis undertaken by the Geological Survey of Finland of thin sections from a kimberlite boulder recovered from the Company’s Lahtojoki South exploration area indicate potential for the presence of diamonds from the kimberlite source. Four polished thin sections were made from the kimberlite boulder by a specialist laboratory in Canada, Vancouver Petrographics. Scanning electron microscope and electronic probe micro analyser analyses of the thin sections were undertaken by the GTK.
AIM-listed mineral exploration and development company Ariana Resources (AAU) revealed recent drilling results obtained from the Kokkinoyia Sector of the Magellan Project which is 100% owned by Venus Minerals Ltd. Venus is focused on the exploration and development of copper and gold assets in Cyprus. Ariana is continuing its earn-in to 50% of Venus and is currently entitled to 37.5%, with 50% expected to be achieved in early Q4 2021.
Prairie Mining (PDZ) said it has entered into an Earn-in Agreement with Greenfields Exploration Ltd (GEX) to acquire an interest of up to 80% in the Arctic Rift Copper project in Greenland. This is a significant, large-scale project (5,774km(2) license area) with historical exploration results indicative of an extensive mineral system with potential to host world-class copper deposits. The ARC mineral system is known to be prospective for basalt, fault, and sedimentary rock-hosted copper mineralisation however, it remains virtually unexplored.
Early stage technology businesses, Allied Minds (ALM) announced its interim results for the six months ended 30 June 2021. $44.9m has been invested in portfolio companies, of which $43.9 million was raised from third-party investment during the six months ended 30 June 2021. $4.0 million invested in portfolio companies post-period end, of which $3.3 million was raised from third-party investment. Net cash and investments at 30 June 2021 were $18.1 million (FY20: $24.5 million), of which $17.7 million held at parent level (FY20: $22.3 million). A Series B preferred share raise in OcuTerra Therapeutics has led to the deconsolidation of this portfolio company following Allied Minds shareholding reducing to below threshold for control.
Disclaimer & Declaration of Interest
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.
