Share Talk Ltd

After the announcement that the company has entered into a definitive option agreement with Terra Balcanica Resources Corp. (CNSX: TERA) for the sale of its uranium projects located in Saskatchewan, Canada. Highlights ·  Proximal to northern and southeastern edges of the Athabasca Basin (“Basin”) in northern Saskatchewan, a premium mining district and leading global source of high-grade uranium; ·   Charlot-Neely is located within the emerging Uranium City district on the northwestern margin of the Basin; ·   Historical work at the projects has demonstrated evidence of uranium mineralization along favourable structural trends with prospective target horizons based on electromagnetic conductors; and ·   Future exploration by Terra will see the undertaking of a modern systematic geologic fieldwork and geophysical surveys to determine the resource potential. Ryan Mee, Chief Executive Officer of Fulcrum, commented: “We are thrilled to announce the signing of a definitive option agreement for the sale of ou

Zak Mir talks to Bernard Aylward, CEO of Kodal Minerals, the mineral exploration and development company, who provided an update on the initial drilling assay results returned at the Boumou prospect located within the Bougouni Lithium Project in Mali. In this interview, Aylward provides an update on the progress of the Bougouni Lithium Project in Mali. Bernard Aylward, CEO of Kodal Minerals, remarked: “The Boumou prospect at our flagship Bougouni Lithium Project continues to exceed our expectations and these new wide, high-grade intersections provide further support for the interpretation of the continuity of the pegmatite mineralisation, as defined in the March 2023 drilling campaign.  The extension and definition of the Boumou prospect continues to be the highest priority for the exploration drilling, and the potential to define further coarse grained mineralisation suitable to dense media separation (“DMS”) treatment may provide the opportunity to further extend the current 4-year life of the Stage 1 Ngo

On Friday, UK gas company Sound Energy PLC (SOU.L) announced that it has sold its subsidiary, Sound Energy Morocco East Limited, to Morocco’s largest mining company, Managem. According to Sound Energy, the transaction totals $45.2 million and is crucial for advancing production in the eastern Morocco gas field, Tendrara. Managem stated that the Tendrara field will begin production next year, with an expected annual output of 100 million cubic meters. Managem plans to boost production at the Tendrara field to 280 million cubic meters once it is connected to an existing gas pipeline linking Morocco to Spain, the company added. Managem’s CEO, Imad Toumi, mentioned in the statement that the group is actively seeking other gas assets in Africa. As part of the deal, Sound Energy will retain a 20% interest in the Tendrara Production concession and a 27.5% working interest in both the Grand Tendrara Exploration Concession and the Anoual exploration permit. Commenting, Graham Lyon (Executive Chairman of Sound Ener

Share Talk took the opportunity to talk to Aidan Bishop today, the share price in the past month has reached 125% with news from the farm-out  deal for the Gubong gold project in South Korea and the Declaration Of Mining Project Feasibility Work Commencing At The Batangas Gold Project In The Philippines Bluebird has completed a $5 million farm-out deal for the Gubong gold project in South Korea. This agreement incorporates a free carry arrangement, allowing the company to delay additional investments until specific milestones are achieved. The Gubong project, which holds an estimated 1.3 million ounces of gold, is pivotal to the company's strategy to evolve into a junior gold producer. Bluebird intends to replicate this joint venture model across other projects, utilizing local partnerships and the technical know-how of the Bluebird team to reduce development risks and enhance production efficiency. "Momentum is crucial..." Aiming for an annual production of 82,000 ounces (with a 40% stake held by BMV), al

ECR Minerals (AIM: ECR), a mineral exploration and development company focused on gold in Australia’s Victoria and Queensland regions, continues to expand its focus beyond the Bailieston and Creswick gold projects with which it has long been associated. Cashed up, and with campaigns across three projects, with a possible fourth in the works. Adam discusses the 2024 exploration campaign, highlighting the project’s unexplored potential, historical rock chips with high gold grades, and significant underground adits that allow for thorough geological assessment. The current campaign focuses on reconnaissance, rock chip sampling, mapping adits for 3D models, stream sampling, and soil sampling to identify new targets. Additionally, the region shows potential for bismuth alongside gold, adding further value to the exploration efforts. Here are the key points from the video: Introduction: Adam Jones, chief geologist at ECR Minerals, is on site at Tambo in Victoria, Australia. Project Recap: Historical rock

Zak Mir interviewing Jason Brewer. Brewer, a director of multiple London-listed mining companies, discusses the operations and strategic focuses of his companies, such as Marula, Neo, Shuk, and Unicorn. He highlights the emphasis on accelerating and expanding production projects, particularly in Africa, where these companies operate. Brewer details how his role involves actively participating in strategic planning and execution rather than merely holding a nominal position. The discussion also touches on the current state of commodity prices and their impact on mining operations, pointing out the challenges and opportunities within the junior mining sector in the UK and globally. https://www.share-talk.com/zak-mir-talks-to-jason-brewer-about-the-london-junior-mining-space/

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