Things are starting to move significantly as far as Modern Water, a division of DeepVerge (DVRG) is concerned. It announced £2.2m worth of new orders for monitoring equipment. This is being shipped to the UK, India and China to meet customer and partner obligations for delivery in this financial year.

By Zak Mir

The shipments include upgraded Microtox® toxicity monitoring, for SARS-CoV-2 and other pathogen monitoring, as well as Microsaic (MSYS) mass spectrometer equipment to monitor forever chemicals and contaminants of emerging concern. Gerry Brandon CEO of DeepVerge said “The success of the DeepVerge new product division is a credit to the teams working across the Group who have delivered more than could have been hoped for.”

It may be that those shareholders in All Active Asset Capital (AAA) and who have been pondering over the colour of Lamborghini they will buy with their potential winnings, are cheered by the latest developments in the saga. MESH and AAA said they have reached an agreement on the terms of a recommended all-share combination of AAA and MESH. Each MESH shareholder will be entitled to receive 1 share in AAA. Rodger Sargent, the AAA Executive Director, said “The acquisition of MESH is an important element in AAA’s asset consolidation. We continue to make rapid progress across the board and will further update shareholders in the coming weeks regarding Sentiance, MESH, AAQUA as well as our new cornerstone investors and, of course, our future re-listing plans.”

It was perhaps not too difficult to work out why shares of Gulf Marine Services (GMS) have been a firm market in recent days. The provider of advanced self-propelled, self-elevating support vessels serving the offshore oil, gas and renewables industries, announced the award of a new contract, with a duration of 12 months, for an E Class vessel with an EPC Client in MENA. The contract is due to commence at the end of December 2021, following the completion of the vessel’s existing contract.

Natural resource project generator, Cloudbreak Discovery (CDL), who shares have perhaps been unfairly treated in the recent past, said that Power Group Projects Corp has signed a Letter of Intent with 1315843 B.C. Ltd., Cloudbreak’s exploration partner on the Atlin West Project, to acquire all of the outstanding share capital of BCCo.. Upon closing the Transaction, PGP will assume all obligations of BCCo.’s option agreement with Cloudbreak, the terms of which Cloudbreak has agreed to modify to assist with the completion of the transaction.

Oracle Power (ORCP) continues to finesse its recent fundamental and share price recovery. The company announced the appointment of Dr Naveed Akhtar as an adviser on hydrogen technology, following Oracle’s recently announced non-exclusive co-operation agreement with PowerChina International Group Ltd, with the aim of jointly developing a green hydrogen production facility in Pakistan. Dr Akhtar is an expert in the hydrogen energy/fuel cells field with more than 20 years’ experience.

Buzz stock Landore Resources Limited (LND) reported on the current BAM Gold Deposit drill programme together with a review of the Battery Metals occurrences on its Junior Lake Property, Ontario, Canada. At the BAM Gold Deposit drilling has re-commenced initially targeting the down plunge extension of the newly discovered Western Extension before the focus will move to the Felix Prospect to test the numerous targets identified by the company’s previous exploration drilling and geochemistry programmes. Landore’s review of core in the high grade sections of drill holes 0421-813 on line 800E and 0421-814 on line 900E in the Western Extension has identified multiple occurrences of visible gold. These sections are both in a similar mineralised horizon 100 metres apart. Six drill holes are being drilled to infill and step back on the above holes.

Mining investment company Critical Metals (CRTM) provided an update on its proposed acquisition, as announced on 20 May 2021. Critical Metals is seeking to acquire a majority stake in Mauritius-incorporated Madini Occidental Ltd, which will have an indirect 70% beneficial interest in Molulu, a copper/cobalt project located on the Katangan Copperbelt, adjacent to several medium and large-scale producers.

Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America, said that it has entered into its first offtake agreement for its washed Hi-Vol-B metallurgical coal with Integrity Coal Sales, Inc. The agreement is for approximately 22,000 US Short ton of product per month for an initial twelve-month period starting from January 2022 until December 2022. This agreement covers approximately 50% of the anticipated production volumes of the group’s proposed annual production under the existing mine plan.

East Africa-focused gold producer Shanta Gold (SHG) announced its production and operational results for the quarter ended 30 September 2021. The company said encouraging assay results were received at West Kenya, with highlights including a hole which intersected 3.9 m at 63.8 g/t Au, proximal to a previously reported hole which intersected 4.0 m at 706.3 g/t. The West Kenya resource update also included 117,600 ounces grading 7.04 g/t converted to Indicated Resources at a conversion rate of greater than 100% and Inferred Resources of 994,000 oz targeted for conversion over the upcoming infill drilling.

Reabold (RBD), the upstream oil and gas projects group, said it has signed a conditional equity exchange agreement with Daybreak Oil and Gas Inc., a US OTC traded oil and gas operator with assets in California. This will result in Reabold becoming a major shareholder of Daybreak via the issuance of new Daybreak shares to Reabold, in exchange for Daybreak acquiring Reabold California Reabold’s subsidiary which holds Reabold’s licence interests in California.

Serinus Energy (SENX) which is seen by some as a recovery situation from current share price levels, said that it has received approval from the National Agency for Mineral Resources for an additional two-year evaluation phase on the Satu Mare Concession in Romania. As previously stated, the third exploration phase was extended by one-year to 27 October 2021 due to the Romanian state of emergency implemented during the pandemic. Subsequently, the Company has completed all commitments under the third exploration phase. The new evaluation period will be from 28 October 2021 to 27 October 2023.

Bushveld Minerals Limited (BMN), the vanadium producer and energy storage solutions provider revealed an operational update for the three months and nine months ending 30 September 2021. In terms of Bushveld Vanadium group production in Q3 2021 of 1,056 mtV, an increase of 19 per cent on Q2 2021 (Q2 2021: 886 mtV), underpinned by continued operational stability at Vametco. The company said the focus has been on stabilising operations to achieve a sustainable production run rate supported by the implementation of a proactive maintenance programme, other operational improvements and a new operating model at both plants.

Condor Gold (CNR) announced the completion of an 8,004 m infill drilling programme on the fully permitted high-grade La Mestiza Open Pit Mineral Resource at La India Project, Nicaragua. The drilling programme has tightened drill spacing to 25 m along strike and 50 m down-dip in the zones that have the potential to support open pit mine development. The drilling is expected to upgrade the existing open pit gold mineral resource to the indicated category for the potential inclusion in future pre-feasibility or feasibility studies of the Company’s fully permitted La India Gold Mine Development Project.

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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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