Sovereign Metals (SVML) announced the results of purification testing of coarse flake graphite concentrate from the Company’s Kasiya Rutile-Graphite Project (Kasiya or the Project) for applications requiring a higher-grade product, such as powder metallurgy, isostatically-pressed refractory products and high-grade expandables (e.g. flame retardants). These applications typically require less than one percent ash in coarse flake graphite, i.e. a loss of ignition (LOI) purity of more than 99%.
Comment: With RNS’s underlining the strength of Kasiya almost every other day, the only thing left for SVML is to witness the proper blue chip type re-rate for the shares that the company has long deserved.
Power Metal Resources (POW), the London listed exploration company with a global project portfolio, noted an update to its announcement of 9 December 2024. As previously notified, a LOI was signed to enter into a binding agreement with Al Masane Al Kobra Mining Company, a Saudi Arabian listed exploration and mining company, for Power Metal to spend US$3,000,000 to earn a 49% stake in the Qatan exploration licence in southern Saudi Arabia. The Parties have agreed to extend the deadline for the formal agreement signature date by a further three months.
Comment: Now that it is all cashed up with the recent Guardian Metal stake sale, POW can afford to put its foot on the accelerator as far as deal making is concerned, and can take its time in terms of getting the deals right.
Mindflair (MFAI), the company investing in next-generation technology focused on AI, announced that it has agreed to sell its entire directly held unquoted minority position in Visibility Blockchain Limited (“Getvisibility”) to Forcepoint, a global leader in data and cloud security. Getvisibility is a cybersecurity company focusing on data visibility and control and uses state-of-the-art AI to classify and secure unstructured information. The Disposal is expected to generate a gross cash inflow to the Company of approximately €2.1 million (£1.8 million).
Comment: One of the reasons that the London stock market does not like investment companies is that they appear to spend 99% of the time raising cash for either investing, or following their investments, and only the odd day in the sun (like today) when some money comes in.
Roquefort Therapeutics (ROQ), the Main Market listed biotech company, announced the signing of a term sheet for the proposed sale of its wholly owned subsidiary Oncogeni Ltd to The Nations Trust Holding LLC for a consideration cash amount of up to US$12 million. Roquefort Therapeutics and Nations Trust Holding intend to sign a binding SPA within 60 days, at which time further details of the transaction will be announced.
Comment: It was always the case that ROQ could have sold its assets for big money, something which was clear as a strategy from day one. The shares have quite rightly rocketed today on Oncogeni sale news, but it could be argued that they should never have been anywhere near to the lows under 2p in the first place.
Cora Gold Limited (CORA), the West African focused gold company, noted that on 7 March 2025 the Government of the Republic of Mali announced a partial lifting of the suspension relating to the allocation of mining titles. This partial lifting of the moratorium, which had originally been put in place by the Government on 28 November 2022, will come into effect on 15 March 2025.
Comment: Occupying a dodgy jurisdiction where the lay of the land changes with the direction of the wind is always a problem, as companies trying to operate in the North Sea are fully aware of. At least Mali has done the right thing, and CORA shares can have a long awaited bounce.
Assura (AGR) announced that it has received an indicative, non-binding proposal from KKR Stonepeak Partners (UK) LLP regarding a possible cash offer for the entire issued and to be issued share capital of Assura at 49.4 pence per share.
Comment: Being on the receiving end of an offer from legendary investment firm KKR is the stuff of M&A heaven for any company. Indeed, one would almost say yes to a deal at any price…
MTI Wireless Edge (MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, announce that Moni Borovitz, Chief Executive Officer, will provide a live presentation relating to the Group’s Full Year Results for the year ended 31 December 2024 via the Investor Meet Company platform on 19 March 2025 at 13:30 GMT.
Comment: Rather interestingly shares of MWE have jumped in the wake of the latest RNS. While the market might quite rightly be waiting for a Cicero grade speech on March 19, it seems to be the case that the market has finally woken up to the constant stream of new contract wins at the company and realise that it remains woefully under-rated.
Dekel Agri-Vision (DKL), the West African agriculture company, provided a February production update for its Ayenouan palm oil project in Côte d’Ivoire as well as continued positive progress regarding the operational performance of the cashew processing plant at Tiebissou, Côte d’Ivoire. DKL said “During February, the Palm Oil Operation saw a 28.5% rise in CPO sales volume and a 25.2% price increase to €950 per tonne, reflecting strong demand and international price strength. PKO sales prices also jumped 54.4% with strong sales volumes, boosting overall revenue, which is expected to be over 70% higher than February last year.”
Comment: We have had good numbers from DKL before, but today’s knock the ball out of the park, and just for a change the company has no operational hitches to complain about. It looks as though DKL should finally get the market appreciation it deserves.
Orosur Mining (OMI) announced an update on the progress of exploration activities at the Company’s flagship Anzá Project in Colombia. OMI said “Anzá has come a long way in no time at all. Pepas began with a bang and is now well into the phase of serious geological work to assess its size and metallurgical characteristics. In parallel, we are now commencing work at El Cedro to hopefully confirm this as a large gold porphyry system. Added to APTA and El Pantano we hope to soon have multiple major gold irons in the fire during a bouyant gold market – all owned 100%.”
Comment: The rally that we have seen is already well deserved at OMI. However, it would appear that the company is making further and quicker progress than was expected even by the optimists.
EDX Medical Group (AQSE:EDX) which develops innovative digital diagnostic products and services supporting personalised treatments for cancer, cardiovascular disease and infectious diseases, announces today it has signed a master service agreement with The Royal Marsden NHS Foundation Trust. Under the terms of the three-year agreement, EDX Medical will, as required, supply services to The Royal Marsden.
Comment: While the presence of Professor Sir Chris Evans has already been a big tick for the company, the Royal Marsden connection takes things to a yet higher level for EDX.
Valereum (AQSE: VLRM) provided an update on the £19 million subscription by Valereum Inc., and the £1 million subscription by the institutional investor, announced on 20 February 2025. Completion, initially expected on or around 4 March, has been extended to support the transaction, including relevant due diligence and receipt of source of funds and information required to satisfy KYC / AML laws. The Board and DMC remain confident about the progress and expect completion in due course.
Comment: VLRM and Stanford Capital, have pulled off an amazing coup in raising the quantum of cash they have, something which should continue to take the company to the next level, both in terms of the share price and the fundamental strategy.
CleanTech Lithium (CTL), an innovative sustainable lithium developer, announce the results of its retail offer to existing shareholders. The Retail Offer remains conditional on shareholder approval. The Retail Offer raised gross proceeds of £143,980 which will be in addition to the £2.4 million raised pursuant to the Placing as announced 11th February 2025.
Comment: With the shares already bottoming out in the run up to today’s news, we should see a further recovery as CTL heads for new operational wins such as the award of a special lithium operation contract at Laguna Verde and the completion of the pre-feasibility study at the site.
Beowulf BEM) and its wholly owned Finnish subsidiary Grafintec Oy announced the successful conclusion, and robust economics of the PFS from the Graphite Anode Materials Plant. The Company also provided a further update on its current financing position. BEM said “The conclusion of the GAMP PFS is a major milestone for the Company. The study, which was led by consultants Anzaplan, has demonstrated the technical and financial viability of the GAMP project and supports Grafintec’s ambition to be a critical player in the European battery materials supply chain.”
Comment: While the market will also be thinking about the financial position of BEM, which it is working on, it can be seen that potential investors have plenty to chase in terms of the GAMP PFS.
