Mosman Oil and Gas (MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announced that it has secured Tribal Council approval from the Ute Mountain Ute Tribe to lease 4,320 acres of land in order to explore for helium. This lease acreage was targeted by Mosman after extensive technical review and is near many existing helium discoveries and developments in the Four Corners area. MSMN said this is a major new exploration project secured in a very attractive area for helium exploration. The Four Corners Area has been a major focus for Mosman, and, at the point this lease is subsequently granted, will complement its existing exploration project portfolio in south-eastern Colorado and Australia.
Comment: The impetus from today’s news is much needed for MSMN, as the shares are well down on their summer peak. Ideally, some year end traction is delivered off the back the latest project news.
MicroSalt (SALT), a pioneer in full-flavor, natural salt with approximately 50% less sodium, announced the filing of a new patent application with the United States Patent and Trademark Office (USPTO). This patent application covers innovative methods, systems, and compositions for creating granulated salt from powdered salt formulations. The new development is specifically tailored for the food service industry, with a focus on fried foods such as French fries and fish. SALT said this patent filing marks an additional major milestone in our mission to reduce sodium consumption globally. Its dedication to research and development has led to a breakthrough that enables it to bring the low-sodium benefits of MicroSalt to the entire foodservice sector. With this new formulation, it is addressing a critical need in the French fry industry, which continues to expand rapidly.
Comment: Fresh from its recent Zaks Traders Café interview, SALT makes good on its recent promise of fresh newsflow, with this being in the all-important IP space.
Insig AI (INSG), the data science and machine learning solutions company, announced its unaudited interim results for the six months ended 30 September 2024 and to provide an update on the Company’s progress post the half year end. INSG said it was pleased to report that since the period end, it has seen year on year revenue growth, a dramatic increase in our sales pipeline, broadening engagement with regulators and incoming requests for proposals to meet business needs as a result of a strategic business development shift. Alongside structural tailwinds within the markets we address, it can look forward to 2025 with confidence.
Comment: INSG is indeed well placed for 2025, and fresh regulatory red tape on corporates, something which could in turn be transformational for the company, and is something not yet factored into the share price.
Hemogenyx Pharmaceuticals (HEMO), the biopharmaceutical company developing innovative therapies for blood malignancies, and Kure.ai, a leader in ultrafast CAR-T manufacturing technology, announced a strategic collaboration to advance the production of CAR-T cell therapies for acute myeloid leukemia (AML) and a subset of acute lymphoblastic leukemia (ALL). HEMO said this partnership aims to integrate Kure’s ultrafast manufacturing (UM) technology with Hemogenyx Pharmaceuticals’s proprietary CAR-T therapy, HG-CT-1 (formerly known as HEMO-CAR-T) to enable faster, more efficient production of CAR-T cells, significantly reducing manufacturing timelines while maintaining therapeutic potency.
Comment: Although we are usually peppered with pre-fundraise RNS updates, or promises of biotechnological jam tomorrow, just for a change HEMO serves up an announcement with a third party which sounds significant.
Sabien (SNT), a provider of energy reduction technologies, provided a further update on the City Oil Field /b.grn Group Limited business opportunity in the US focused on generating sustainable oil products from mixed, contaminated waste plastics with zero emissions. This follows from the RNS announced on 17 October 2024. Sabien can now announce that Phoenix, AZ, is the city where it is planned that the first US deployment of COF technology will take place. SNT said the approval of the RIC project by the City of Phoenix and b.grn signing of an LOI with the chosen Developer is a significant step forward in our plans to deploy COF technology into the US and UK. It is an endorsement of the need for waste plastic recycling and the applicability of the technology Sabien is promoting.
Comment: No one could say that SNT’s progress has caught them off guard with the pace of development. But the fact that the company has announced its first US deployment should be something which moves the dial as far as market sentiment and share price.
Critical Metals (CRTM), developer and operator of the Molulu Copper/Cobalt Project in the DRC, announced that it has constituted a £173,913 convertible loan note instrument and the Company’s strategic investor, NIU Invest SE has agreed to subscribe for £173,913 CLNs. CRTM said the proceeds of the CLN issue will be used for working capital. This follows on from NIU’s purchase of rights to the facility agreement under which the Company previously obtained a loan from an international financial institution. The Company remains in exclusive discussions with NIU (subject to the City Code) with a view to NIU providing the capital it needs to fund further exploration at Molulu.
Comment: Although we may yet be some time away from the end of CRTM’s funding travails, there is an aspect of being able to see the light at the end of the tunnel regarding the company and prospects for Molulu.
Zenith Energy (ZEN), the listed international energy production and development company, publish its consolidated half-yearly unaudited financial results for the six months ended September 30, 2024.
Comment: If social media posts are to be believed, ZEN is close to announcing an advance in its legal claims, and perhaps this could have been in association with today’s results…
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