Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, announced that Howard White has purchased 500,000 ordinary shares in the Company at an average price of GBP 0.027 per Ordinary Share. Following this acquisition, Howard White, Executive Director of HUI, has a total interest in 16,775,834 Ordinary Shares, representing 4.35% of the voting rights of the Company. Howard White, Executive Director of HUI, commented: “I believe HUI shares offer exceptional value at this time; I have gifted myself a belated Christmas present.”
Comment: While Santa has clearly swerved Mr White’s chimney this year, it may be that his share purchase reminds the market that HUI is set to benefit from the imminent, significant cashflows of Ohrid Organics, of which it exercised its option to acquire 49 % of the company at the start of this year.
Alteration Earth PLC (to be renamed Pri0r1ty Intelligence Group PLC) announced the admission of its entire issued share capital to trading on the AIM Market of the London Stock Exchange today whereupon the acquisition of Pri0r1ty AI Limited and fundraising of £0.9 million will complete. Dealings in the Company’s ordinary shares will commence on AIM today at 8:00 a.m. under the TIDM/ticker symbol “ALTE”. The Company will shortly change its name to Pri0r1ty Intelligence Group PLC. “Pri0r1ty AI said it was set up to meet a very real and growing challenge. SMEs spend huge amounts of money – over £60 billion a year – on external professional services providers when so many of these tasks can be automated using AI. With its technology, companies can use advisors for what they do best, high-end strategic support and technical value-add specialist services, and make the whole process more efficient and cost-effective by letting AI handle many of the everyday tasks. Its solution provides users with a suite of AI-tools that enables the efficient scaling of their business.
Comment: In the wake of the Rachel “Thieves” budget in October, the idea of corporates saving cash on the myriad of professional services they now need through any means, including AI, is more appealing that ever. This is especially true given the increasing bureaucracy, red tape and cost they have to face. It would appear that Pri0r1ty has appeared at the right time to address this need.
Tap Global Group (AQSE: TAP), the FinTech company bridging the gap between traditional finance and blockchain technology, announced that its subsidiary, Tap Bulgaria EOOD, has been granted a Virtual Asset Service Provider registration by the National Revenue Agency of Bulgaria. TAP said this registration represents a significant milestone in the Company’s strategic preparation for the Markets in Crypto-Assets Regulation implementation across Europe. Tap Group continues to pursue a regulatory-first approach to European expansion, with additional applications pending in other key jurisdictions.
Comment: Although with all due respect Bulgaria is perhaps not the biggest market in the world for trading cryptocurrencies, the latest news today from TAP underlines its determination to roll out its services as far as possible internationally.
Helix Exploration (HEX), the helium exploration and development company focused on helium deposits within the Montana Helium Fairway, announced that it has entered into a LOI and made a $100,000 downpayment for the acquisition of a helium Pressure Swing Adsorption processing plant. HEX said this acquisition marks an important step in the Company’s journey to becoming a significant helium producer in Montana. The PSA processing plant is planned to be initially installed at the Company’s Rudyard Project.
Comment: HEX moves to consolidate recent news regarding its discoveries in Montana, readying itself for the all important move to production, something which should take the shares up to the top of the recent range and beyond early in 2025.
Neo Energy (NEO), the near term, low-cost uranium developer, announced the commissioning of independent mineral resources valuation and mine, shaft and processing plant, and associated infrastructure reports for its strategic uranium assets comprising, Beisa North, Beisa South and Beatrix 4 Shaft (incl. Beisa Uranium Mine), located in the Witwatersrand Basin, in the Free State Province of South Africa. This independent valuation will adhere to the standards of the South African Mineral Valuation (SAMVAL) Code.
Comment: It is perhaps timely that NEO is getting a valuation on Beisa, given that the market is yet to catch up with the latest developments at the company, and what they mean for its development and hence uranium production.
Ondine Biomedical (OBI), a Canadian life sciences company, said it has enrolled and treated the first patient in the Light-Activated Antimicrobial Therapy to Prevent Surgical Site Infections (‘LANTERN’) Phase 3 clinical trial. The trial, involving approximately 5,000 patients in 14 hospitals, is evaluating Ondine’s non-antibiotic nasal photodisinfection technology, branded as Steriwave® outside the US. The first patient was enrolled at Centennial Medical Center in Nashville, Tennessee, on Friday December 27th, 2024.
Comment: Today’s announcement reminds us that Steriwave® is set to become an indispensable part of the medical environment, and that the potential for OBI in this technology is truly international.
Sulnox (AQSE: SNOX) announced its interim financial report for the 6 months to 30 September 2024. SNOX said it was delighted to report that year to date sales have increased 224.4% to £440.3k and volume of product sold has increased c.400%, compared to the same period in the prior year. Recently, post-Period end, the Company secured additional funding which will be utilised to continue to shape its strategic priorities by enabling a larger product distribution network, an expanded pipeline, and the addition of new personnel to capitalize on SulNOx’s existing momentum.
World Chess (CHSS), a chess organisation committed to enhancing the global mass market appeal of chess by introducing a variety of innovative chess-related activities, is pleased to announce that its subsidiary company, World Chess Events Ltd, has entered into a loan facility agreement with an existing shareholder for a total amount of €6 million. CHSS said this Facility represents an important step in its growth journey. Its main digital product, chessarena.com. the official gaming platform of FIDE – the World Chess Federation, is positioned to scale rapidly, and access to funding ensures it can capitalise on its momentum to establish chessarena.com as the leading global platform for chess players, clubs, and enthusiasts.
Comment: CHSS clearly has no problems with its players choosing to wear jeans or otherwise while competing, and it will be interesting to see whether this bolt from the blue funding of €6m moves the dial for the company’s share price, and sentiment, as it should.
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