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Powerhouse Energy (PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announced that it has been notified by the European Patent Office that the Company’s European Patent Application No 20751207.0, “Method and Apparatus for the Treatment of Waste Material”, will be fully granted on the 11 October 2023. The company said it was delighted by this news, which justifies the hard work put into the application, and into the development of the technology preceding that, by the very skilled PHE team. This will be the first patent to be granted to the company. It provides significant protection for the DMG technology that differentiates PHE from others in the waste-to-energy sector.

Comment: As much as anything it is pleasing to see PHE get its patent over the line in what feels like quick time. This should be the starting gun for the company establishing itself as a key player in the waste to energy sector.

Rockfire Resources (ROCK), the gold, base metal and critical mineral exploration company, announced the execution of a conditional share purchase agreement with Paloma Precious DMCC for the acquisition of 100% of Emirates Gold DMCC and 99% of Emperesse Bullion LLC. The company said it had identified an exceptional opportunity to acquire two cash-generating businesses, which are entirely in line with the full value-add integration of precious and base metal exploration, development, production, refining and trading.

Comment: It is always interesting to see the small cap companies who cannot resist going onto the pudding after not yet eating their meat, to paraphrase “Another Brick In The Wall” by Pink Floyd. ROCK has been doing very well indeed on prospects for Molaoi. But of course cash is king, and buying two cash-generating businesses is difficult to argue with, especially if it subsequently funds the rest of the company’s exploration.

Beacon Energy (BCE), the full-cycle oil and gas company, announced that it has successfully completed its oversubscribed Placing with new and existing institutional investors and PrimaryBid Offer, which have now closed.  The company has raised, in aggregate, approximately £4.3 million. The company said the fundraise provides welcome additional working capital to support bringing the SCHB-2 well into commercial production.

Comment: One of the best performing stocks of the summer, and it was clearly no surprise that BCE raised after the shares quadrupled peak to trough. We will be looking forward to the £4.3m raised being enough to get the company through to production.

Insig AI (INSG), the data science and machine learning solutions company, said that its AGM today Executive Chairman, Richard Bernstein will comment: “A month ago, we provided an update, where I said that in the coming months, through partnerships, distribution agreements and direct selling, we expect to monetise our offering and that we were excited about both our market positioning and our prospects. That remains the case. In recent weeks, we have continued to progress our discussions with several parties to that end.”

Comment: The key here with Insig AI is having Richard Bernstein, leading from the front, buying into the stock, and monetising the company. The shares have already responded in recent weeks, and one would expect this re-rate to continue.

Power Metal Resources (POW), the AIM listed metals exploration and development company, announced the results of geochemical soil sampling confirming two significant gold anomalies at its 100% owned Tati Gold Project located on the Tati Greenstone Belt near Francistown, Botswana. The company said the Tati Project continues to make excellent progress with the previously postulated 8km gold anomaly being further supported by the results of infill geochemical soil sampling announced today.

Comment: The new broom brought to POW by its new CEO Sean Wade continues apace, with the company also surfing the success of recent new discoveries, and Rick Rule on the shareholder register.

Upland Resources (UPL) announced that further to the update on 23 August 2023 in relation to the Sarawak Block SK334 Joint Technical Study (JTS) Technical Workshop that the current monthly shareholder progress report is now accessible on the Company’s website. The company said having successfully completed its geological and geophysical works, its focus is now firmly on the SK334 Production Sharing Contract with PETROS. It looks forward to engaging with the PETROS downstream and facilities division, identifying key hydrocarbon export channels and critical infrastructure available to Block SK334. Additionally, it was encouraged by sustained interest from external parties who wish to collaborate on SK334’s PSC.

Comment: An upbeat RNS today from UPL, rather coinciding with punters waiting on the stock to deliver a fresh leg to the upside from the 2p area. An end of year share price near 3p would satisfy most given that we were at 0.5p as recently as July.