Share Talk Ltd

Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, announced the Company has raised £3,085,366 by the issue of  257,113,862 New Ordinary Shares in the capital of the Company (“New Ordinary Shares”) at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors. The company announced yesterday that it has agreed to updated terms for the exercise of the Hillside Call Option with the vendors of the Hillside Project ("Hillside") and Leopard South Project. Kavango has granted a royalty of 5% of gold production on the properties, capped at a value of $1,500,000, and which Kavango may at its option buy out within 12 months for an issue of 63,125,000 shares in the Company. Ben Turney, Chief Executive Officer of Kavango, commented: “Following the successful completion of the £3.08million financing, we’ve finalised terms on exercising the

Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk with the news that the company has received the final Government approval on the Farmin of its Australian project EP 145, in which Mosman currently holds a 100% interest.   Work now continues to secure all required approvals for the next step of exploration by Farmin partner, Greenvale Energy Ltd (ASX: GRV / 'Greenvale'). Farmin Agreement A Farmin Agreement was signed with a subsidiary of Greenvale in October 2023, where it can earn 75% interest by funding seismic acquisition and drilling a well (to a cap of AUD 5.5 million). With the approval from the Northern Territory government now in place,  the Farmin will proceed accordingly. Greenvale will earn a 75% working interest in EP 145 by: ·      Paying AUD 160,000 in cash to Mosman within 5 business days. ·   Paying for the EP 145 Permit Year 3 Work Programme, including seismic acquisition and processing. ·     Funding the Permit Year 4 Work Programme, including drilling one

In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, discusses the recent developments at the Gravelotte Emerald Mine. Olivier reports that the mine has commenced production on schedule and within budget. He highlights that the mine, historically a significant source of emeralds in the 1970s, is ramping up production with a focus on building up stockpiles for future auctions. He praises his team for their efficiency in bringing the mine back into production quickly and below cost. The discussion also touches on the company's plans for the second half of the year, including generating revenue from the first auction of emeralds. Olivier emphasizes the importance of having a large enough quantity of run-off mine material to attract buyers. Here are the key points from the interview with Bernard Olivier, CEO of URA Holdings: Start of Production: URA Holdings has started production at the Gravelotte Emerald Mine on schedule and within budget. Phased Production: The company is curre

Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company. Here’s a summary of the discussion: Financial Status and Fundraising: The company is actively developing multiple projects with different timelines and needs. Although funding is controlled and economically managed, future fundraising is likely as developmental needs arise. Projects in Pakistan: Oracle Power is deeply involved in discussions with local investors, the Pakistani government, and Chinese state-owned enterprises (like Power China) about developments in Pakistan. Despite the lack of frequent updates from Oracle, the company remains actively engaged in significant partnerships and dialogues in the region. Realizing Shareholder Value: The potential value from projects is expected to translate into significant market value. Oracle Power aims to divest interests at advantageous stages of project development, specifically noting a potential 20% stak

Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates water leak claims for home insurers, announced that its performance for the fiscal year ending March 31 met expectations. The company informed investors that it concluded the period with £400,000 in cash and an equivalent amount in accounts receivable that was collected shortly thereafter. Ondo reported notable international expansion, especially with significant progress in the US market, marked by the initiation of partnerships in four states. The company has established collaborations with Nationwide in Ohio, Selective in New Jersey, Mutual of Enumclaw in Washington, and Pure Underwriting in New York, all of which have received favourable responses from insurers and customers alike. These successful introductions have bolstered confidence among Ondo’s management about the potential for further expansion into additional states and establishing more partnerships throughout the year. "The positive feedback and results from ou

Zak Mir talks to Jason Brewer, CEO of Marula Mining, regarding the latest developments at the African-focused mining and development company, running through the portfolio and its prospects. Here’s a summary of the key points: Company Overview: Marula Mining is focused on battery metals, with several projects across different minerals. Jason Brewer provides an update on the current state and future plans of the company. Lithium Mining: The company operates a lithium mine in South Africa and has secured a long-term off-take agreement with a UK-based global trading group, Fuex. This agreement covers the sale of lithium ore and value-added lithium products. Byproduct Sales: Brewer mentions finalizing off-take agreements for byproducts like coltan, tantalum, and feldspar, which he says will more than offset the operating costs of their lithium business. Manganese Mine Acquisition: The recent acquisition of a manganese mine in Kenya is discussed. Upgrades to the plant and equipment are planned, w

Zak Mir talks to Ryan Mee, CEO of Fulcrum Metals, as the company focused on mineral exploration and development in Canada, announces that it has entered into a non-binding Letter of Intent with Terra Balcanica Resources Corp. (CNSX: TERA). Pursuant to the LOI, Terra, through an Option Agreement, will be granted the option to acquire a 100% interest in Fulcrum's uranium projects located in Saskatchewan, Canada. Here's a summary of the interview with Ryan Mee, CEO of Fulcrum Metals: Interviewee: Ryan Mee, CEO of Fulcrum Metals. Focus: Discussing the company's strategy and developments in mineral exploration and development in Canada. Uranium Portfolio: Fulcrum Metals had a strategy focused on uranium, involving research, acquisition, and staking of areas. They achieved good uranium grades from their first pass exploration. Asset Disposal: Announcing the intention to dispose of their uranium assets, which is seen as a typical move for an exploration company that has proven its strategy and execution ca

It has been a while since we last spoke to Ben, the recent news was the preliminary interpretation for geophysical survey data on its property in Botswana’s Kalahari Copper Belt (“KCB”), from South Africa-based New Resolution Geophysics. Ben Turney comments on Kavango's analysis of regional copper-silver deposits in the KCB. He notes the importance of basin and sub-basin structures, including basin margins and intravaginal highs, in sedimentary copper models. Turney expresses confidence in the company’s exploration program in the KCB, suggesting that their data points to the presence of a large-scale system capable of hosting significant copper-silver deposits. Plans for further ground geophysics and drilling later in the quarter are mentioned. Key insights from this content include: Focus: Recent geophysical survey data on Kavango Resources' property in the Kalahari Copper Belt (KCB) in Botswana. Key Finding: A WSW-ENE trending ~9 milligal gravity high at Kara, under the Kara anticline. Historic Dri

ECR Minerals plc (AIM: ECR), a company specializing in gold exploration and development in Australia, announced its successful fundraising of £585,000, pending Admission. This was achieved through the issuance of 195,000,000 new ordinary shares, known as “Placing Shares,” at a rate of 0.30 pence per share (the “Placing Price”) in a process referred to as the “Placing.” The Placing Price is set at roughly a 30% discount compared to the closing middle market price of 0.43 pence per Ordinary Share as of 13 March 2024, which was the last business day before this announcement was made. The funds raised from the Placing will be strategically utilized to further develop ECR’s projects in Victoria and Queensland throughout 2024. Here are the key points from the Interview: Capital Raise Overview: ECR Minerals raised £585,000 through a placement at a discount to the recent trading price but at a premium compared to the last raise six months ago. Use of Proceeds: The funds will be used to advance ECR’s projec

On his flying visit to the UK, Jason gave up his time to call into the London studio this afternoon before boarding a flight this evening back to Nairobi, Kenya. November last year when Jason called into the studio, the share price stood at 9p now it is circular 14p. A lot is going on with Marula Mining, three listings are due, dual listing on the Nairobi stock exchange, and the first-ever mining company to list. He was completing further dual listing in South Africa, to follow quickly and the listing in London with the company leaving AQSE and bypassing AIM with a listing on the main market. Maru will hold a general meeting tomorrow to approve issues of shares to take the company’s market cap to over £30 million. On 8 February 2024, the Company announced that it had signed a further amendment to the Subscription of Shares Agreement, in which K2 irrevocably and unconditionally consented to the novation of the entirety of its rights and obligations under the Subscription of Shares Agreement to the Subscrib

A fintech company, seeking to unlock capital & create value in tokenised digital markets as a leading provider of technology solutions & as an exchange & marketplace operator. On completion of the acquisition, which includes the GATENet DFMI intellectual property (digital financial markets infrastructure), will strategically position Valereum as a leader in tokenisation, which is set to grow considerably over the next few years as regulatory frameworks evolve favourably, fostering increased trust and adoption in mainstream financial markets. Valereum will also adopt GATE Token (the utility token of GATENet) as the sole token within the Valereum ecosystem and it will release further details regarding the token utility and how it will seek to responsibly grow the GATE Token ecosystem in the near future. Following the acquisition, the intellectual property will be utilised by Valereum and the GSX brand will be discontinued as part of an orderly dissolution of the GSX Group. The list of questions

Today we spoke with Edward Wyvill, Corp. Development commented on the successful completion of its significantly oversubscribed proposed Fundraising as announced on 12th Feb 2024. Greenland is home to vast, untapped deposits of valuable minerals with high-grade extension of Target Block confirmed at Nalunaq   Amaroq Minerals Ltd., an independent mine development company with a substantial land package in Southern Greenland, has been listed on the Nasdaq Main Market in Iceland. This move from the Nasdaq First North Growth Market Iceland to the Main Market is expected to increase the visibility of the company and possibly make it eligible for inclusion in Icelandic and international stock market indices.  The transition to the Main Market is seen as a strategic step for Amaroq, potentially attracting more Icelandic institutional investors, including pension funds. This could be significant given the substantial assets managed by these funds. On Monday the company confirmed, further to its announcement on 11

As today’s newsflow reminds us, since listing the progress of the company has been faultless in terms of proving up its assets, and indeed, in this case, other’s progress next door to First Class Metals in the West Pickle Lake area, chonolith/feeder dyke structures now extend over more than five kilometres of strike length. First Class Metals (LON: FCM) the UK metals exploration company, reported that Palladium One continues to intersect potentially economic Ni-Cu mineralisation in and around the West Pickle Lake Joint Venture area. FCM said it remains encouraged by the progress the Palladium One exploration is making in the WPL zone and the wider discovery area. Particularly the success near to the FCM claim boundary with the results from TK23-128. FCM will continue to pursue third-party interest in this sector of North Hemlo. First Class Metals Sunbeam Property: High-Grade Gold Assay Results Whatever the share price is in its range, FCM reminds us that it continues to prove its assets. Yesterday the foc

Pulsar Helium Inc. (TSXV: PLSR & FRA: Y3K) announced that drilling the Jetstream #1 appraisal well at the Topaz helium project is anticipated to commence on February 2nd, 2024. Drilling is anticipated to be completed within one month with flow testing to commence immediately following demobilisation. Capstar will provide a 6000 Elenburg Manufacturing trailer-mounted drilling rig to drill the Jetstream #1 appraisal well at Topaz. Mobilization is anticipated to be completed by January 28th with drilling to commence on February 2nd. All required permits have been received and site preparation is complete. Jetstream #1 will be drilled to a depth of 686m (2,250ft) with contingency in place to extend to 762m (2,500ft). A mass spectrometer will be onsite providing gas composition every 100 seconds with gas samples to be collected when zones of helium gas response are encountered. Upon reaching total depth, a comprehensive suite of open hole wireline logs will be acquired by Baker Hughes. Following the wireli

Zak Mir talks to Anthony Chow, Co-Founder, of Agronomics, the venture capital firm, which invests in cellular agriculture. The expectation is that several Agronomics portfolio companies’ products gain regulatory approvals this year. Liberation Labs’ factory is expected to come online and begin generating cash. The stock is therefore supported by some relatively near-term events that should increase the value of the business. Agronomics is a leading London-listed company focusing on investment opportunities within the field of cellular agriculture. In 2019, Mr. Mellon co-founded Agronomics and now sits on the board of three of Agronomics’ portfolio companies including Liberation Labs, Meatly and Clean Food Group. https://www.share-talk.com/zak-mir-talks-to-anthony-chow-co-founder-of-agronomics-aimanic-limited/

Zak Mir talking to Chief Operating Officer, Mike Whitlow with today's confirmation from the company that its subsidiary, Mercator Gold Australia Pty Limited, has agreed to effect the sale of two under-utilised non-core assets. 2023 has been a brutal year, even companies that have done nothing wrong are in negative equity. Are we at the bottom, will 2004 be better on a micro level, liquidity?   ECR Managing Director Nick Tulloch commented: “We have had a stated plan to realise value from assets within ECR that we are not using or do not require.  Finalising these two agreements before the end of 2023 exceeds our expectations on timing but the fact that the expected proceeds from these sales should exceed our G&A expenses for the coming year is particularly pleasing.  It is a little over three months since Mike Whitlow and I joined the Company.  In that time, we have recapitalised the Company, re-positioned our portfolio to be more cost-effective, commenced a drilling campaign and now realised funds from

Drilling near completion at ECR Minerals plc Creswick gold project in central Victoria, Australia. Andrew Scott (Non-Executive Director) talking to Technical Director Adam Jones at Davey Road prospect, Creswick. Kuboid Hill and Davey Road prospects, both of which have previously provided evidence of gold mineralisation from soil analysis and rock chip sampling.  Following drilling assay results are due shortly after the holiday season https://www.share-talk.com/ecr-minerals-plc-aimecr-technical-director-adam-jones-at-davey-road-prospect-creswick/

We caught up with Ben, and our first question was what investors should focus on going into 2024. Kavango Resources, a company specializing in metal exploration in Southern Africa, recently secured a £6M investment from Purebond, granting them a 52.4% stake in Kavango’s share capital. Ben outlined the reasons for Purebond’s £6M investment and detailed the investors behind Purebond, along with his plans for utilizing the funds. Having access to capital in the current market must put Kavango in a very strong position! Plus let’s not forget the people behind the capital, brothers, billionaires, British-based. This investment has enabled Kavango to pivot its focus in 2023, leading to the successful acquisition of six Prospecting Licenses in the Kalahari Copper Belt of Botswana. Here, they have initiated a helicopter-based geophysical study to explore the area’s copper and silver prospects. Additionally, in Southern Zimbabwe, Kavango has recently taken over three promising large-scale gold mining projects nea

Zak Mir talks to Thomas Abraham James, CEO & President Pulsar Helium (TSXV: PLSR) as it is announced that processing of the passive seismic survey at the Company’s wholly-owned Topaz helium project in Minnesota, is complete.  The appraisal well, named Jetstream#1, is scheduled for February 2024 and will be drilled within approximately 20 metres of the LOD-6 discovery well that flowed 10.5% helium.

Fusion Antibodies plc (AIM: FAB), as the Early Discovery Contract Research Organisation specialising in pre-clinical antibody discovery, announces its unaudited interim results for the six months ended 30 September 2023 and provides an update on recent commercial progress. Operational highlights ·    Increased numbers of commercial opportunities identified and improving pipeline valuation ·    A number of projects delayed by clients as they seek further investment ·    Progress in development of the OptiMAL® library, with demonstration of whole IgG antibodies expressed on the cell surface ·    £1.67 million fundraise alongside £1.6 million cost rationalisation exercise ·    Appointment of Stephen Smyth as interim CFO Financial highlights ·    Revenue of £541k (H1 FY2023: £1.9 million) ·    Expenditure on R&D decreased by 60% to £0.18 million (H1 FY2023: £0.45 million) ·    Loss of £1.4 million (H1 FY2023: £1.1 million loss) ·    Cash position at 30 September 2023 was £0.5 million (31 March 202