Lift Global Ventures (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, announced its Final Audited Results to 30 June 2024. LFT said that over the last 12 months it has been great to witness more clients and investors realising the value of Zaks Traders Café. This is evident from the acquisition of 29 new customer contracts since 1 July 2023 as well as the 25,800 X (Twitter) followers that Zaks Traders Café has built up. Zaks Traders Café has built up a very loyal following with the real differentiator being that Zak provides a fuller service than mere interviews with companies. Zak’s services include – Bulletin Board Heroes, RNS Hot List and Week in Small Caps.
Rome Resources PLC (RMR), the DRC-focused tin explorer, announced that results from the first two of twelve diamond drill holes at its Kalayi tin prospect in the North Kivu province in the Democratic Republic of Congo have reported significant tin mineralisation in drill holes KBDD005 and KBDD006. RMR said at Mont Agoma, holes MADD016A and MADD017 look to be potential game changers for the Company with 50m of visible tin across three main zones, with grade increasing at depth. This is in addition to further high-grade copper and zinc intercepts. While it awaits assay results, the team’s experience in the region is driving the bulk of its remaining drilling towards the granite source at depth and to the southeast.
Comment: Given the strength of the update today, we should see shares of RMR resume their strong breakout from below 0.30p. Indeed, the run up to the assay results should give the punters a decent event to shoot for.
CleanTech Lithium (CTL), an exploration and development company advancing sustainable lithium projects in Chile, announced the downstream conversion process is successfully producing pilot scale samples of lithium carbonate. CTL is a leader in Chile in producing lithium carbonate using Direct Lithium Extraction at the pilot scale, marking a major milestone for the Company. The samples will be sent to a laboratory to confirm the grade and impurity profile, which is expected to be battery-grade and prepared for strategic partner qualification. CTL said it has reached an important milestone by commencing pilot scale lithium carbonate production using a sustainable and innovative DLE based process. As a leader in the DLE sector in Chile with a focus on efficiency and sustainability, this accomplishment marks a significant step forward. Years of hard work have led to this important milestone.
Comment: As CTL reminds us, with DLE it is effectively the only game in town in Chile, so to speak, with the company in recent RNS updates delivering significant milestones, ahead of the all-important expected ASX listing.
Sovereign Metals Limited (SVML) announced that traditional market downstream testwork conducted at leading independent consultancy ProGraphite GmbH (ProGraphite) in Germany has delivered very positive initial test results. SVML said these initial test results for traditional graphite applications are very promising. High resistance to oxidation and low levels of sulphur are two key attributes required to produce a premium graphite product for traditional refractory and foundry applications. Combining these attributes with the > 50% large flakes of the Kasiya resource provides Sovereign with multiple marketing options.
Comment: SVML is starting to stretch its wings in terms of proving the worth and scale of Kasiya, leapfrogging many of its graphite play peers. While it is not all about how the latest newsflow will affect the share price, one would expect the drip-drip of news to kick in well from now. 50p looks very much on the cards for the end of the year.
Renalytix (LSE: RENX), an artificial intelligence-enabled in vitro diagnostics company, focused on optimizing clinical management of kidney disease to drive improved patient outcomes and health care cost reduction, reports audited financial results for the fiscal year ended 30 June 2024. RENX said it now has everything in place to scale test ordering and expanding its unique biomarker precision medicine services. The incoming Trump Administration’s refocusing of the US Government on chronic disease cost control makes this a particularly enticing time to establish a new, FDA approved standard of care in one of the largest unmet preventative medicine opportunities, chronic kidney disease.
Comment: All cashed up and confident, it is interesting that shares of RENX are still building a base, even though for the bulls the coast appears to be as clear as it has been for a long time. We are overdue the arrival of investor interest / bottom fishing.
Marula Mining (AQSE: MARU) an African focused mining and development company, provided an update on its ongoing exploration activities at the Northern Cape Lithium and Tantalum Project and the strategic importance of the NCLT Project given recent developments in the international tungsten market and tungsten prices. MARU said with its processing capabilities at Blesberg, it is pushing ahead with operational and strategic plans to integrate and advance these nearby high-grade tungsten projects and former operations.
Comment: MARU is back, fresh from its recent Aquis Showcase win, something that underlines the way that Jason Brewer is good at talking the talk. Today’s update underlines his operational skills at the company as well.
Cooks Coffee Company (AQUIS:COOK), the international coffee focused café chain, announced its results for the six months ended 30 September 2024. Group revenues increased by 27% to NZ$2.74m (2024: NZ$2.16m). Group EBITDA for the period was NZ$0.826m compared to a loss of (NZ$0.011m) last year. COOK said it was very pleased to report a strong period of growth for the Group resulting in a profitable performance in the period. This is testament to the hard work of all its franchisees and strong offering that it provides. The Group continues to open new stores in desirable locations which will have all performed well to date.
Comment: COOK underlines with the latest update, how strong its franchise model is, especially during periods such as we are in now when there are multiple cost pressures in the High Street.
Polarean Imaging (POLX), a commercial-stage medical imaging technology leader in advanced Magnetic Resonance Imaging (MRI) of lung function, announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the Company’s specialised MRI Chest Coil to now include GE HealthCare 3 Tesla (3T) MRI scanners for the visualisation of Xenon-129 nuclei. With this new introduction, the Company now supports Xenon MRI scanning of both clinical and research patients on all three major MRI scanner vendors: GE HealthCare, Philips, and Siemens Healthineers.
Comment: POLX still has all the right signals as far as being a potential recovery situation, although it will probably take more updates like today’s with the magic acronym FDA to settle the nerves of the more squeamish investor.
Power Metal Resources (POW), the London-listed exploration company with a global project portfolio, reported on results from the uranium-focused JV with UCAM Ltd involving Power Metal’s portfolio of uranium licences. The following release provides a technical overview of the JV’s Drake Lake-Silas Uranium Project; additional details regarding the Project’s recently completed fieldwork will be released in due course. Drake Lake-Silas is located in the Central Mineral Belt of Newfoundland & Labrador, Canada.
Comment: Today’s update underlines the way that there has been director share buying at POW at the floor of the recent trading range, and why given the progress, especially in the uranium area, the stock remains undervalued.
CMC Markets (CMCX) announced its Interim Results. Net operating income of £177.4 million, up 45% year-on-year (H1 2024: £122.6 million), reflecting continued growth across the institutional segment and an increase in client trading activity. H1 2025 trading net revenue was £131.3 million, up 50% year-on-year (H1 2024: £87.4 million) with strong performance across both its institutional and retail segments.
Comment: Current market conditions especially benefit the spread betting area, with the punters happy have just a 30% chance of winning as opposed to a 100% chance of giving money to HMRC. Lord Cruddas will no doubt be on a victory lap today.
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