Ondine Biomedical Inc. (OBI) said that HCA Healthcare UK, has approved its Steriwave® light-activated antimicrobial for use in its healthcare facilities to prevent healthcare-associated infections (HAIs) and reduce the use of antibiotics. HCA Healthcare is the largest private healthcare provider in the world, and one of the leading private healthcare providers in the UK, where it operates over 30 healthcare facilities. OBI said it was delighted that Steriwave has now been authorized for use across HCA Healthcare UK’s healthcare facilities. It was already working closely with HCA Healthcare in the US on its US Phase 3 trial and the FDA regulatory submission for Steriwave, so it is fantastic to be getting such good support from them in the UK as well. The study undertaken at London Bridge Hospital has demonstrated Steriwave’s potential for addressing the threat of AMR by preventing infections and reducing antibiotic use.
Comment: The gap between the progress OBI is making in terms of Steriwave® and the market’s valuation of the company continues to grow. This is despite the international scope of the company, and the serious third party backing it is already receiving.
Marula Mining (AQSE: MARU), an African focused mining and development company, updated on the Phase 1 Program of exploration activities at the Nyorinyori Graphite Project and the NyoriGreen Graphite Project in Tanzania following receipt and analyses of the assay results from the major sampling program completed in December 2023. MARU said the assay results have returned significant high grades graphite results which indicate the presence of a strong and potential graphite mineralised system that can support its existing strategy to establish a medium-sized mining operation within the Projects.
Comment: It seems rather unfair to MARU that given the operational progress the company is regularly announcing, we have not seen the stock build on the big gains of last year. Ideally, today’s “high grade” results will lead to the shares being as appreciated again as they were last year.
Vinanz (AQSE: BTC), the London listed Bitcoin mining company, announced that it has now received The Depository Trust Company full-service eligibility in the United States, making the Company’s shares more accessible to U.S. retail and institutional investors. BTC said securing DTC Eligibility is very exciting news for the Company and completes its goal of enabling U.S. investors to easily trade in Vinanz’s shares under our OTCQB listing on-line, in real-time and in US dollars with the ticker symbol “VINZF”.
Comment: With Bitcoin currently at record highs, the time is right for BTC shares to get the liquidity boost of a more appreciative US market, something which today’s DTC news should underpin.
Critical Metals (CRTM), developer and operator of the Molulu Copper/Cobalt Project in the DRC, announced that it has raised £1,603,600 through an oversubscribed private placement of convertible loan notes to existing shareholders and new investor. CRTM said it was delighted the Company has received such strong support from existing and new institutional investors leading to this placing being oversubscribed. The additional funds will allow the Company to significantly progress key items to help resume production and move the Company closer to being cash generative.
Comment: Today’s funding news for CRTM should end the hiatus for the company, and the bear run in the stock, given that the fresh cash can now allow it to push forward on its milestones at Molulu.
Fulcrum Metals (FMET), a company focused on mineral exploration and development in Canada, announced that it has entered into an option agreement to acquire a 100% interest in the Sylvanite Gold Tailings project, located in Kirkland Lake, Ontario, Canada. FMET said it was thrilled to sign its second gold tailings agreement and add Sylvanite to its project portfolio. This not only enhances its presence in the Kirkland Lake gold camp, one of the most productive gold camps in Canada, but provides us with an opportunity to create a tailings hub and, therefore, economies of scale.
Comment: FMET is delivering the kind of scalability many of its peers have not been able to reach, and this should start to feed into the valuation of the company.
Helium One (HE1), the primary helium explorer in Tanzania, updated on its Rukwa Project. HE1 said it was very pleased to be advancing into this next stage of the Rukwa Project – Phase III. Whilst it is preparing for the next operational phase, which includes the EWT at Itumbula West-1, it is growing the team to deliver the large amount of work that is continuing in the background and that will enable it to progress the project as quickly as possible.
Comment: Shares of HE1 have already been rising ahead of today’s RNS, and it will be interesting to see whether they continue this momentum in anticipation of project progress.
Strategic Minerals (SML), a profitable producing mineral company, updated on quarterly Cobre sales and the issue of warrants associated with short term funding. March quarter sales revenue of US $0.841m, up over 100% on March quarter 2023. A new client, with expected volume of circa 5,000-7,000 tons pa, confirmed. SML said the quarter’s sales have confirmed its expectations for a strong performance at Cobre in 2024 and a likely annual result exceeding $3.5m.
Comment: SML continues to finesse this year’s inflection point in the share price, with sales news, something which should take the company to the next level.
Power Metal Resources (POW), the London listed exploration company, announced that its shares have been approved to trade on the OTCQB Venture Market in the United States and will commence trading on 10th April 2024, initially under the symbol “POWMD” before reverting back to “POWMF” on or around 23rd April 2024. POW said it was very pleased to announce this major development in its relationship with the international capital markets. It has significant interest in its shares from North American investors, and the admission to trading on OTCQB will make it considerably easier for them to invest. It sees this as an important step in expanding its investor base.
Comment: POW is one of many company looking to boost liquidity in its shares, given the still rather sorry state of the London market. Expanding the investor base is key for it and many of its peers.
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