DG Innovate (DGI), the advanced R&D company, announce that the China National Intellectual Property Administration has issued DGI’s first-ever Chinese patent, covering its proprietary Pareta® electric drive system. DGI said the grant of a patent from the CNIPA is a significant milestone for DGI. The market for EVs in China is growing at an unprecedented rate and Pareta® is a unique and transformative solution.
Comment: We were kind of overdue fresh news here at DGI, as well as a fresh rally given the sea change in the fundamentals of the company after recent management changes.
SEEEN (SEEN), announced a three-year partnership with rugby super league side, the London Broncos to provide AI driven technology for its newly designed website www.londonbroncosrl.com. Seen’s recently launched CreatorSuite 2.0 software for its media and technology AI platform creates and delivers Key Video Moment content to drive increased views and revenues from fans across all devices and seamlessly enabled to purchase tickets, kit and other merchandise. There is a growing pipeline from sports, publishing, and e-commerce clients for multi-year contracts. Net cash at June’s Interim’s was cir. £1.6m, after a £1.2m loss and gross margins improved to 25%. The company is on track to achieve monthly cash flow breakeven from the current pipeline of opportunities.
Comment: The shares at 5.35p and a mkt cap of £5m are lower than last year’s placing £2.6m placing at 6p. The proof of the technology’s effectiveness is in winning contracts and further deals seem more than likely.
Inspiration Healthcare Group (IHC), the medical technology company, announced that its UK-based operating subsidiaries have achieved Medical Device Single Audit Program certification. IHC said the MDSAP process is extremely thorough, as it combines the audit of several quality management system requirements into a single audit.
Comment: Shares of IHC have already delivered a decent rebound since the lows of October. One would expect today’s news to maintain the momentum.
Canadian Overseas Petroleum (COPL), an international oil and gas company, announced the following executive and director changes: Mr. Peter Kravitz has been appointed as interim Chief Executive Officer; Mr. Mark Wall has joined its Board as a Non Executive Director to replace Mr. Atul Gupta who has stepped down.
Comment: One would assume that given the stated fundamental at COPL in the recent past, anyone coming to the table as far as the board is concerned must be pretty sure of themselves. Presumably the share price response in the wake of today’s news will reveal all.
Cykel AI (AQSE: CYK), an innovator in artificial intelligence solutions, announced that trading in the Company’s shares will be suspended with effect from 8:00am today. A further announcement will be made later today. Cykel AI is a software business developing advanced AI products, intending to offer these to businesses and consumers through a SaaS model. The Company is developing a machine learning model that seamlessly engages with all facets of the user’s computer environment.
Comment: One rather presumes that there will be an exciting development here at CYK, given the strong start the company has already had in its short life on the market.
Zenova Group (ZED), the fire suppression and interdiction solutions Company, announced that it has made its first shipment of FX 6L and 9L extinguishers for a large strategic client in the German market. ZED said it has embarked on an ambitious but deliberate B2B strategy to engineer, certify and then market the highest performance and highest certification extinguishers in the market. Shipping our first consignment of FX 6L and 9L extinguishers into Germany, coupled with our announcement earlier this week of our entering the Latin American and Iberian markets with a leading local partner is evidence that our strategy is accelerating.
Comment: Expanding the footprint / going for a rollout, is one of the more exciting parts of the life cycle of a growth company. ZED has underlined this not only in today’s German news, but the recent Latin America / Iberia move.
Agronomics (ANIC), a company in cellular agriculture, announce that the Israeli Ministry of Health (IMOH) has granted regulatory approval for the world’s first commercial sale of cultivated beef. ANIC said this approval is another significant step forward for its industry and shows the commitment among an increasing number of jurisdictions to find more sustainable production methods to meet the increasing global demand for protein. It looks forward to seeing some of Agronomics’ portfolio companies achieving this significant milestone in the near future.
Comment: Rather pleasingly, ANIC reminds us that it not just BSF (BSFA) where one can play the artificial meat market. Some might also appreciate the extra diversification ANIC has as well.
Equipmake (AQSE:EQIP), the UK-based engineering specialist, announced its unaudited results for the six-month period ended 30 November 2023 and a trading update for the financial year ending May 2024. H1 FY24 revenue (including grants) of £2.07m represents a 97% year-on-year increase (H1 FY23: £1.05m). EQIP said it continues to see excellent demand for the leading-edge EV products and integrated solutions that it can supply.
Comment: One of the more exciting prospects on Aquis, ironically a company that probably should be on the standard list, EQIP reminds us that it has a strong position in a high growth area.
Upland Resources (UPL) announced changes to management shareholdings in which they bought between 500,000 and 1,233,000 shares.
Comment: UPL shares have been consolidating week over the past couple of months, taking up the slack in the 4p area. The latest director buying underlines the impression that a fresh leg to the upside is due.
Firering Strategic Minerals (FRG), an exploration company focusing on critical minerals, announced it has appointed Remy Welschinger as Non-Executive Director with effect from today. Rémy Welschinger is the Cofounder and President of Viridian Lithium SAS, which is focused on building the first lithium refining and conversion plant in France. FRG said Welshinger has extensive, relevant commodity experience gained from his role at Viridian Lithium, and African experience from Arc Minerals, making him an ideal addition to our team. It looks forward to working closely with Rémy as it continued to advance its work programme at Atex, its flagship lithium project in Côte d’Ivoire.
Comment: Shares of FRG have been stirring in a pleasing manner of late, something the latest appointment at the company should back. The quicker that Atex moves forward the better, via a beefed up management at the company.
Reabold Resources (RBD), the oil & gas investing company, said it has been informed that the final tranche of the payment from Shell U.K. Limited for the sale of the entire issued share capital of Corallian Energy Limited will be distributed to former Corallian shareholders over the coming days, following receipt of Development and Production Consent for the Victory gas field from the North Sea Transition Authority on 17 January 2024. RBD said this represents a significant moment in the delivery of the Reabold strategy to identify, fund and monetise underappreciated, but strategically important assets. It remains focussed on progressing other key projects in the Reabold portfolio in 2024.
Comment: It is interesting that if the requisitioners had won on January 10, they and not current management would be overseeing the arriving of the payment from Shell.
Phoenix Copper (PXC), the USA-focused base and precious metals emerging producer, provided an update on the Company’s operations in Idaho, USA. PXC said the PFS for the Empire Open-Pit Mine is nearing completion, and barring any unforeseen delays is anticipated for delivery to the Company by early Q2 2024. The final PFS report will include a comprehensive mine plan, mineral processing design, compliant mineral reserves calculated as deliverable metal for smelting or refining, net of mining dilution, detailed operating and capital cost estimates, and final economic analysis and cashflow.
Comment: Ahead of the big funding news, it is evident that PXC is getting on with the job as far as the operational side of life. Sub 20p has historically been the rebound zone for the shares.
Kistos (KIST), a joint venture partner in the Greater Laggan Area and co-owner of the Shetland Gas Plant, notes the North Sea Transition Authority (NSTA) decision to grant development and production consent for the Victory Gas Field, operated by Shell UK Limited. This follows an environmental impact assessment by the Offshore Petroleum Regulator for Environment and Decommissioning. KIST said it was delighted by the confidence of Shell in sanctioning this project and the support of the British government. As partners in the Shetland Gas Plant, it is encouraged that the future of the installation is further underpinned by more hydrocarbons being produced through this quality infrastructure. Kistos will benefit, along with the other partners, through more parties sharing the infrastructure and reducing opex while extending the life of the facility.
Comment: Great news from KIST for those who are not into the green / Just Stop Oil tyranny. The sooner the UK gets a semblance of energy security the better, especially if the cost of living crisis becomes extended.
NIOX Group (NIOX), a medical device company focused on point of care asthma diagnosis and management, today announces the following trading update for the year ended 31 December 2023. Revenue growth of c.18% (c. 22% on a constant currency basis) to £36.8m (2022: £31.3m). NIOX said it was pleased to report continued strong growth in revenues and profits which were driven by its core Clinical business. All three geographic areas generated good growth in the year. Its manufacturing partner also started work on the development of the next generation NIOX Pro® device which is expected to be launched in 2025.
Comment: It would appear that the old Circassia that is now NIOX has not necessarily been able to shine a light on itself, despite what looks to be a solid 2023, and strong prospects ahead of next year’s NIOX Pro®.
Hydrogen Future Industries plc (AQSE: HFI), a developer of a proprietary green hydrogen production system, updated on recent activities. HFI said its technology development team has exceeded expectations in the delivery of sector-leading technologies. With its prototype wind turbine testing supporting energy gains of over 270% compared to open rotor configurations and early-stage electrolyser tests running at 97.1% efficiency, it has a lot to be excited about. Delivery of the mining feasibility study and its collaboration with the University of Bristol will be a key focus for 2024.
Comment: The Aquis market being the Aquis market, even a company with genuine game changing technology can be undervalued. That said, the milestones HFI has set for itself in 2024, should start to move the dial.
Alkemy Capital Investments (ALK) provided a corporate and strategic update. ALK said it has made excellent progress in advancing our lithium refinery projects, including securing key sites in Teesside and Port Hedland, receiving planning and environmental permissions, securing feedstock and establishing other key strategic partnerships along with key governmental, industry and media recognition.
Comment: Given all the progress ALK reminds us that it has made, it is indeed disappointing to see the shares on the wrong side of 100p. The priority here should be to message the market that the wait for funding is not an excuse for investors to stay on the sidelines.
Cornish Metals (CUSN), a mineral exploration and development company, provided an update on the progress of activities and outlook for 2024. CUSN said its team worked tirelessly in 2023, achieving numerous important milestones, while further advancing and de-risking the South Crofty project. Chief among these were the construction of the WTP and commencement of dewatering of the mine.
Comment: It would appear the dewatering process is front and centre at CUSN, with the wait for this process to complete delaying share price recovery attempts.
Chaarat (CGH), the exploration and development company, announced a maiden Mineral Resource Estimate for its Karator Prospect, located 2km from its most advanced asset, the 1.01Moz resource Tulkubash Gold Project. In addition, Chaarat has a JORC compliant 5.3 Moz resource (M&I and Inferred) at Kyzyltash, a high-grade refractory deposit located beneath Tulkubash. The company said its +1Moz Tulkubash Gold Project is the most advanced in its portfolio and should move into construction in the first half of 2024, subject to financing. Tulkubash, in isolation, will be a significant gold operation, producing 95,000 ounces of gold per annum, and today’s news further enhances these already robust fundamentals.
Comment: The run up to being a significant gold producer via Tulkubash should be a shot in the arm for CGH in coming months, especially the longer gold remains above the $2,000 an ounce level.
Thor Energy (THR) provided an exploration update on the Company’s 100% owned Wedding Bell and Radium Mountain Projects, located in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado, USA. THR said based on the promising consistency along strike of shallow high-grade uranium results from the drilling program, Thor has commenced preparation and permits for Mineral Resource drilling at Rimrock and Groundhog mine areas, this will include infill and extension RC as well as diamond drilling.
Comment: With Uranium currently hotter than July, companies like THR should feel the benefit in the wake of relevant updates, such as we have been treated to today.
Kavango Resources (KAV), the Southern Africa focussed metals exploration company, announced the completion of an airborne geophysical survey over its Kalahari Copper Belt project in Botswana. KAV said it is now working on two main areas of interest in our Copper Belt licences. Since acquiring the ground from ENRG last year, it has become increasingly confident in the potential of the contiguous land package it controls.
Comment: Given the financial backing / firepower the company has, we should see the operational progress KAV is making translating into a stronger stock market valuation.