Galileo Resources (GLR) has signed a royalty agreement with Bronco Creek Exploration Inc., a wholly-owned subsidiary of EMX Royalty Corporation, to advance exploration at its’ 100% owned Ferber copper-gold property in Nevada, USA by leveraging BCE’s wide operational background and technical knowledge of the mineral potential of the district. GLR said “We are pleased to have completed this royalty arrangement with Bronco/EMX, a company that we hold in high regard. Their in-country presence, local knowledge and exploration expertise will greatly assist in our initial field programmes. We look forward to working with them and, if appropriate, to extending the arrangement based on successful exploration progress.”
Comment: Shares of GLR have rather surprisingly gone against the recent stronger trend for copper-gold companies, something the latest news should serve to change in a positive way.
Catenai (CTAI), the AIM quoted provider of digital media and technology, announced that it has signed a subscription agreement with Alludium Ltd. Under the Subscription Agreement, Catenai has agreed to subscribe for 757,403 ordinary shares in Alludium at a price of 73 pence per share from proceeds to be received pursuant to the fundraise announced on 11 April 2025. Upon completion of the First Investment, Catenai will hold approximately 8.3% of the issued share capital of Alludium.
Comment: CTAI has been one of the big small cap turnaround stories of the year, and in the ongoing story of the Alludium acquisition, this appears set to continue over the near term not least in the share price performance.
Zephyr Energy (ZPHR) announced it has entered into an agreement with a U.S.-based capital provider focused in the energy sector to fund growth in the Company’s non-operated asset portfolio in the Williston Basin in North Dakota and Montana, U.S. The new strategic partnership is to provide up to US$100m. As part of the Transaction, Zephyr also announces the formation of an acquisition vehicle, Zephyr Hawk LLC, a subsidiary of Zephyr which will hold the Company’s non-operated working interests acquired pursuant to the Agreement.
Comment: The recent history of ZPHR has been that of a company putting the final pieces of the jigsaw together, with the latest massive strategic partnership likely to take the company to the next level.
Diaceutics (DXRX) announced its FY 2024 Results: Revenue growth of 39% on a constant currency basis to £32.2 million in FY 2024. Record FY 2024 Adjusted EBITDA* growth of 50% to £4.2 million. Very strong commercial momentum delivered in FY 2024 has continued into 2025 to date. Order book of £24.9 million and ARR of £16.8 million at 31 December 2024 provides good visibility for continued strong growth in 2025.
Comment: Although this remains a company under the radar, it seems clear that DXRX is making the transition from being a small cap to a decent mid tier growth situation.
East Star Resources (EST), which is exploring for copper and gold in Kazakhstan, is pleased to announce the results of the induced polarisation (“IP”) survey from the Rulikha high priority drill target area in East Kazakhstan. EST said “This area shows two distinct east-west striking high chargeability trends, in the same geological units as the known Rulikha Deposit. These anomalies are large, spanning approximately 1,550m west to east and 1,040m north to south and are open at depth. They are both strong, with the highest amplitudes reaching approximately 50m V/V and lie from approximately 100m below surface.”
Comment: EST continues to make progress in terms of large / significant discoveries, with the market only factoring in a fraction of these gains into the market cap of the company thus far.
Oriole Resources (ORR), the AIM quoted gold exploration company focused on West and Central Africa, announced that Greenwood Capital Partners Limited has today published a research note, commissioned by Oriole Resources, following the Company’s recent update in relation to the Mbe gold licence in Cameroon. The note is available to view on Research Tree and the Company’s website at https://orioleresources.com/investors/analyst-coverage/.
Comment: Although Greenwood is not quite Goldman Sachs, we are reminded that ORR has made a massive breakthrough at its Mbe gold project in Cameroon, and the market is yet to catch up with this news.
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