The strong investor support for Chariot Ltd (AIM:CHAR, OTC:OIGLF) should be no surprise to anyone, that’s according to Liberum analyst Sam Wahab, who described the AIM-share’s compelling opportunity.
With a ‘buy’ recommendation and a 41p price target the broker estimates sees nearly 17% upside to the current price of 15.3p.
Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) has reported positive drill assay results from its Ducros Sill target at its Ducros nickel-cobalt-copper-platinum group elements project in Québec.
Highlights include hole QDG-23-503, which was terminated at 450 m (m) depth in nickel and cobalt-bearing dunite, the last 118.30 m of which returned 0.21% nickel 117 parts per million (ppm) cobalt.
ARway.ai (CSE:ARWY, OTCQB:ARWYF) has announced its participation in the Smart Airport Initiative managed by TM Forum, a global industry association, and based on the ACRIS semantic model (supported by Airports Council International) that standardizes data flow between connected systems.
The initiative aims to create a working solution that improves the major aspects of airport operations including reservations, passenger management, facilities management, baggage, access control, decision intelligence, and more.
Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) has said the company is committed to driving value sustainably in the best interests of all its shareholders as it sought to fight a proxy contest from Paragon Technologies which has a 3.9% stake in the company.
In a statement, OPT expressed disappointment that Paragon had made misleading and distracting public statements regarding its performance and leadership and is now threatening to pursue an expensive proxy contest against OPT.
Itaconix PLC (LSE:ITX, OTCQB:ITXXF), the plant-based polymers group, said it achieved its fifth consecutive year of record results in the six months to 30 June, 2023.
Unaudited revenues grew to US$4mln, which represented 32% growth compared to the first half of 2022 and 58% growth on the final six months of last year.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported gold production of 23,078 ounces from its Segilola Gold mine in Nigeria during the second quarter of 2023, with an average grade of 2.99 grams per tonne of gold.
In an operations update, the company maintained its production guidance range of 85,000 to 95,000 ounces of gold for the 2023 fiscal year.
European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has agreed to sell a non-core asset in Western Australia’s northwest as it hones its focus on Europe’s burgeoning battery metals industry.
Under a binding deal with Moosh Moosh Ltd, the lithium stock will snap up A$1 million in cash or ASX company shares in exchange for 100% of its E47/4144 exploration tenement.
Edison Investment Research has revised its valuation for Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) to A$535.6 million (or A$3.00 per share), up from A$497.4 million previously, following an eventful period for the company.
Recce secured ethics approval in April 2023 to start Phase I/II clinical trials in healthy volunteers for the intravenous (IV) formulation of its lead broad-spectrum synthetic polymer anti-infective compound, RECCE 327 (R327), using a more rapid infusion rate.
RecycLiCo Battery Materials Inc said the TSX Venture Exchange has provided acceptance of the joint venture agreement between the company and Zenith Chemical Corporation. Under the agreement, RecycLiCo and Zenith will enter into a 50-50 joint venture to build a 2,000 metric ton per year lithium-ion battery recycling plant in Taiwan. The plant, estimated to cost US$25 million, will use RecycLiCo’s proprietary process to convert lithium-ion battery waste into lithium-ion battery cathode precursor, lithium hydroxide and other related products. As consideration for contributing half of the capital required, Zenith will hold a 50% interest in the joint venture. As consideration for contributing 40% of the capital required and granting a license for its technology, RecycLiCo will also hold a 50% in the joint venture. As an incentive to enter the joint venture, RecycLiCo will receive a royalty on net product sales for the first eight years, while Zenith will receive 4 million RecycLiCo shares and 6 million share purchase warrants.
Blue Sky Uranium Corp said it has closed the oversubscribed second and final tranche of its non-brokered private placement financing, first announced on June 8, 2023, consisting of 7,861,032 units in this tranche at a price of $0.075 per unit for gross proceeds of $589,577.40. In total, the company issued 21,333,333 units for total gross proceeds of $1,600,000. The proceeds of the financing will be used for exploration programs on the company's projects in Argentina and for general working capital.
Banxa Holdings Inc has provided access to the content presented at the investor webinar on July 12. The video recording of the presentation can be viewed here: https://youtu.be/8bjSOTpw2-I. The investor presentation can be viewed here: https://bit.ly/BNXA-InvestorDeck-July2023.