Share Talk Ltd

This week, Nick Tulloch, Chairman of ECR Minerals plc, is heading to Australia to discuss a $75 million tax loss sale and exploration plans for Victoria and Queensland.  Along with Chief Geologist Adam Jones & Consultant Geologist Mike Parker, who will be at Blue Mountain shortly before the team heads down to Victoria. The immediate focus is on the Blue Mountain project, where activities are set to accelerate. The team is preparing to meet with geological survey representatives and landowners in Queensland to solidify relationships and advance planned drilling activities. This groundwork is critical as ECR aims to demonstrate its capabilities in generating revenue through production. Drilling and Exploration Plans in Queensland ECR’s team is set to travel to Australia to advance drilling operations. The goal is to leverage trenching and geological surveys to expedite progress. The groundwork laid in 2024 will serve as a springboard for this year’s activities, with drilling expected to commence at the

Zak Mir talks to David Minchin, Chairman of Helix Exploration, about the latest from Rudyard and how this week's fundraiser will take the helium explorer to production. Helix Exploration PLC has announced updated helium reserves and economic modelling results for its Rudyard Project. The company plans to raise a minimum of £4 million through a share issue to fund the development and production, targeting significant cash flow and market expansion. The first production is expected in Q2 2025. Highlights of Reserves and Economic Modelling •     Reserves of 355 million cubic feet of helium calculated by Aeon Petroleum Consultants Corp. ("Aeon") on northern dome only •     Net Revenue $115.2m over 12.5-year life of field and peak sustained post-tax cash flow of $15-25 million per year using a flat helium price of $500/Mcf •     Aeon modelling results in NPV8 of $77.9m and IRR >1,000% on reserves in northern part of dome •     In-house modelling results in NPV8 of circa $145m and Net Revenue circa $220m i

Zak Mir talks to Francesco Gardin, CEO and Executive Chairman of QBT, an AIM-listed investment company focused on a disruptive R&D and investment programme within the blockchain sector, as it announces a breakthrough achievement for its predictive Bitcoin Artificial Intelligence model mining tool. QBT believes this is a significant milestone since this proprietary technology has been used in trials to mine Bitcoin. It provides a material competitive advantage in mining by reducing the energy cost of mining by approximately 30% or accelerating the mining speed at current energy consumption and costs with approximately a 30% greater hash rate. In the rapidly evolving world of cryptocurrency, Bitcoin mining stands as a complex and competitive frontier. Companies are constantly searching for innovative solutions to enhance their mining capabilities. One such company, QBT, is at the forefront with a cutting-edge approach that utilises artificial intelligence. In this blog, we delve into an insightful convers

Welcome to a deep dive into the world of Vinanz, a trailblazer in the Bitcoin mining sector. With its recent listing on the London Stock Exchange, Vinanz is setting the stage for significant growth and innovation in the cryptocurrency space. Chairman David Lenigas shares insights into the company’s strategic vision, the dynamics of Bitcoin as an asset class, and the future of mining operations. The Excitement of Listing on the London Stock Exchange Recently, Vinanz made headlines by ringing the bell on the main market of the London Stock Exchange (LSE). This milestone not only marks a significant achievement for the company but also highlights the growing acceptance of Bitcoin as a legitimate asset class. Lenigas points out that while traditional stock markets may seem hesitant about dynamic sectors like cryptocurrency, the LSE offers a unique platform for growth. Bitcoin: A Separate Entity from Crypto Lenigas addresses the often-controversial term “crypto,” distinguishing Bitcoin from the broader cryptoc

Zak Mir talks to Rick Guiney, CEO MicroSalt, after several recent bulk orders this autumn for the provider of full-flavour, natural salt with approximately 50% less sodium. As CEO, my focus is on building bridges with food companies and tastemakers who understand the science behind sodium, taste, and health. This is where MicroSalt can change the game for snack foods and other high-sodium products. We offer a heart-healthy, kosher, clean-label ingredient that adds all the flavor and sensation of eating salt without the sodium. It’s better for their customers and easily fits into modern food production processes. MicroSalt® was awarded “Most Innovative Sodium Reduction Technology Company 2024″ by the Global Health & Pharma Awards last month, marking the third time the company has achieved this recognition. This honor celebrates the cutting-edge proprietary technology that enables us to reduce sodium by up to 50%—all without compromising on taste. This achievement is a testament to our commitment to in

Today marked a pivotal moment for Helix Exploration as they announced a significant helium discovery at the Rudyard Project. This discovery is not just a milestone; it's a potential game-changer for the company. With strong commercial flow rates and high helium grades, Helix is poised to generate substantial revenue from this well. David Minchin, Chairman of Helix Exploration, expressed the significance of this announcement, stating, “This is a company maker.” The financial prospects are looking bright with the potential to earn around $4 million per well annually. Helix aims to bring this discovery into cash flow by 2025, which would mark a significant transition from an exploration-focused entity to a producer. The Helium Market Landscape The helium market is experiencing a resurgence in interest, particularly due to its applications in various industries such as healthcare, aerospace, and electronics. Helium is a non-renewable resource, making it increasingly valuable as global supplies dwindle. Helix's

Zak Mir talks to Graham Lyon, Executive Chairman, Sound Energy as the transition energy company, announced the completion of the transaction for the partial divestment of the Company's Moroccan assets by way of the disposal by the Company of the entire issued share capital of Sound Energy Morocco East Limited to Managem SA for a total value to Sound Energy of up to US$45.2 million. Commenting, Graham Lyon (Executive Chairman of Sound Energy) said: “We are delighted to have completed the sale of SEME Limited, and we are pleased to welcome Managem as its new owner. I would like to thank all those involved from both companies, our advisors, ONHYM and the Ministry of Energy. This is a transformative transaction for Sound Energy, unlocking significant value and we look forward to the new chapter of Tendrara development and exploration activity in Morocco.” https://www.share-talk.com/sound-energy-plc-aimsou-moroccan-assets-completion-of-the-sale-of-seme/

Zak Mir talks to David Minchin, Chairman Helix Exploration in the wake of the latest news from the helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’. Helix has completed test work on the Amsden formation, one of three target zones at the Clink #1 well.  Amsden results at Ingomar & Flathead's incredible potential Plans to stimulate the Flathead & Charles formations Upcoming flow testing at Rudyard targeting commercial helium Listen here Rudyard Update Helix is currently mobilising equipment and crew to Rudyard project to commence testing on Darwin #1.  Testing is due to commence on 2 December 2024 with results to be published once sample assays are received from the laboratory.  Historic drilling has previously identified 0.9-1.3% helium and commercial flow rates from the Red River and Souris intervals.  Additionally, Helix will be testing the Dry Creek and intervals in the Upper Cambrian where wireline logging has identified gas effect, w

Zak Mir talks to Chris Chadwick, CEO of MetalNRG, the natural resources company, provided an update regarding the progress of its agreement to acquire the entire issued share capital of Compagnie Minière de l’Oumejrane S.A. from Managem S.A. as announced on 17 October 2024. They discuss how the $25m funding gap has been closed via bridging finance, the likely effect of the rising copper price, and operational efficiencies to be made at MNRG’s newly acquired producing mine in Morocco. Highlights ·    The Company, working closely with Managem, is making significant positive progress towards the completion of the Acquisition, with a number of conditions precedent cleared. ·    A term sheet has been entered into with a strategic investor to provide, by way of an equity subscription, subject to customary conditions precedent, the remaining US$5 million of the initial US$30 million consideration for the Acquisition (the “Subscription Term Sheet”).  As announced on 17 October 2024, a fund managed by Orion Resour

Share Talk interviews Cédric Simonet, CEO of Altona Rare Earths (LON: REE), to discuss the company’s progress. Altona Rare Earths is making significant strides in the mining sector, particularly with its Monte Muambe Rare Earth Project in Mozambique. Under the leadership of CEO Cedric Simonet, the company is not only focusing on rare earth elements but is also diversifying into other critical minerals like fluorspar and copper. Altona’s flagship initiative is the Monte Muambe Rare Earths Project, situated in Northwest Mozambique. The company is quickly advancing a diverse portfolio of critical raw materials mining projects across Africa. Altona has had an exciting year, primarily focused on its flagship Monte Muambe Rare Earth Project. The company has been actively working on this project since its acquisition in 2021, reached a significant milestone in 2023 with the completion of a scoping study, revealing a maiden resource of 13.6Mt at 2.42% total rare earths oxide. Cédric highlighted the discovery of a

Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across Southern Greenland, announces that it has successfully completed its 2024 exploration programmes across its portfolio in South Greenland. Zak Mir spoke with Eddie Wyvill, Corporate Development of Amaroq Minerals. The company is on the verge of production. It has been a long seven-year journey, but finally, they see the light at the end of the tunnel. Welcome to an exciting update from Amaroq, where they are on the brink of a significant milestone. Eddie Wyvill, head of corporate development, shares insights into the company’s journey and the challenges faced along the way. The Road to Gold Production After seven years of hard work, Amaroq is set to pour its first gold bar in Greenland. This moment represents the culmination of a long journey, and the excitement is palpable among the team. As Eddie puts it, “It’s the end of a seven-

Zak Mir interviewed Mendell Helium CEO Nick Tulloch regarding M3Helium's new farm-in agreement with Scout Energy to advance helium resource development in Kansas' Hugoton Gas Field. Mendell Helium announced that M3 Helium Corp. has signed an exclusive farm-in and fixed-price helium agreement with Scout Energy Partners over 161,280 acres of the Hugoton gas field (“Leases”), one of North America's largest natural gas fields. Under M3 Helium’s agreement, the company can drill up to 200 wells across 160,000 acres in Kansas' Hugoton Gas Field, with an initial commitment to drill at least 25 wells by March 2026. Overview of the Farm-In Agreement This farm-in with Scout Energy represents a ‘win-win scenario’ for both firms. M3 Helium is now able to test and develop helium-rich resources across a seven-township area (about 160,000 acres) on the Hugoton Gas Field and tap into infrastructure whose potential has already been established. Key Terms of the Agreement A cornerstone of the farm-in agreement is that M3

ECR Minerals, a gold exploration company with assets in Australia, is making significant strides in both its exploration activities and corporate transactions. The company recently welcomed Mike Parker as its new technical consultant, a seasoned geologist with nearly 40 years of experience in the exploration industry. Parker’s extensive background includes working with major companies like First Quantum Minerals and leading projects in Africa and Latin America. Parker’s addition to the team is expected to bolster ECR’s technical capabilities, particularly in leveraging data to identify promising drill targets. His expertise will be crucial as the company advances its exploration efforts in Australia, including the tantalum-niobium pegmatite project in Lorth and ongoing diamond drilling at the Tambo site in Victoria. In a significant development, ECR’s Victorian subsidiary, MGA, has attracted considerable investor interest due to its substantial tax losses, valued between AUD 18 million and AUD 22 million. T

Ondo InsurTech plc (LON: ONDO), a leader in claims prevention technology for home insurers, is pleased to announce an increase in production capacity at its UK contract manufacturing facility to meet rising demand for LeakBot, especially in its key markets, with notable growth in the United States. Ondo InsurTech has increased production capacity at its UK facility in light of significant increasing demand for LeakBot across key markets, particularly in the USA with advanced discussions with large US insurance companies & significant expansions of existing partnerships ongoing.  As previously announced, the Company is in discussions with a number of large US insurance companies regarding new contract opportunities and significant expansions of existing partnerships.  These negotiations are now at an advanced stage and the Company anticipates that further details will be announced shortly. Ondo has agreed to make further capital investment in a second dedicated production line at its manufacturing part

Zak Mir talks to Charles Dickson, Executive Chairman, Roadside Real Estate, its joint venture with Meadow Real Estate Fund VI LP, set up to acquire and develop UK-based roadside real estate assets, has signed an agreement with Lidl Great Britain Limited, to acquire 12 stores for total consideration of £70 million. Commenting on the transaction, Executive Chairman of Roadside, Charles Dickson, said: “This is a significant transaction for both Lidl and the JV, deploying a substantial portion of our joint venture’s targeted investment quantum into high-quality assets with a nationally recognised tenant under strong covenants. “The Lidl portfolio is an excellent example of the JVs strategy in action, rapidly providing targeted capital to enable tenant expansion whilst securing asset management fees and creating additional opportunities for income initiatives.” Roadside (ROAD) announced that Roadside Retail Limited, its joint venture with Meadow Real Estate Fund VI LP, set up to acquire and develop UK-based roa

Zak Mir talks to Chris Chadwick, CEO of MetalNRG, in the wake of last week’s announcement that it has signed a binding sale and purchase agreement to acquire the entire issued share capital of Compagnie Minière de Oumejrane from Managem S.A. The Acquisition will include 100% ownership of the Oumejrane copper mine, which is in production, cash generative and profitable in the Eastern Anti-Atlas of Morocco. OMF Fund IV SPV K LLC, a fund managed by Orion Resource Partners, has entered into a US$25,000,000 convertible loan note with MetalNRG, the proceeds of which will be used by MetalNRG to complete the Acquisition. Christopher Chadwick, Chief Executive Officer of MetalNRG, commented: “We are delighted to have reached agreement with Managem to acquire Compagnie Minière d’Oumejrane, with financing support from Orion.  This will be a transformational transaction for the Company, giving us 100% equity ownership of a fully operational, producing and profit generating copper mine.  Beyond the immediate gains, this

Zak Mir talks to Jonathan Owen, CEO of Metals One, which is advancing strategic minerals projects in Finland and Norway after they announced that re-assaying of historical diamond core drillholes from the Black Schist Project Paltamo P1 target in Finland has identified high-grade nickel-copper-cobalt-zinc mineralisation across two intersections within a black schist sequence. Results further demonstrate the strength of the Company’s project pipeline and support Metals One’s longer‐term ambition of defining a 200 Mt resource at the Black Schist Project, where the current resource stands at 57.1 Mt Ni-Cu-Co-Zn over the R1 and P5 areas. Key points covered: Recent Findings: The company announced high-grade nickel, copper, cobalt, and zinc mineralization results from the Black Schist Project's P1 target in Finland. This reinforces Metals One's goal of increasing the resource from 57 million tons to 200 million tons. Project Goals: While the 200-million-ton target is ambitious, Owen explains that the compan

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce an update on its gold and rare earths projects in Queensland and Victoria. HIGHLIGHTS ·    Ongoing discussions with three Australia-domiciled public and private companies in relation to the potential sale of ECR's A$75 million of tax losses ·    Rock chip results from Lolworth Project, including Butterfly Creek, Uncle Terry and Gorge Creek expected in the coming weeks ·    Partnership with the Geological Survey of Queensland ("GSQ") to further investigate the critical minerals potential at the Lolworth Project ·    Maiden diamond drilling program at the Tambo Project to commence this month Update on Potential Sale of Tax Losses Further to the Company's announcement of 2 July 2024, ECR, through its engagement with Argonaut PCF Ltd (''Argonaut''), is currently in discussions with three Australia-domiciled public and private companies in relation to the potential sale of its A$75 mill

Zak Mir talks to Mark Routh, CEO of Prospex Energy, as the AIM-quoted investment company focused on European gas and power projects announced that it has qualified to apply for onshore open acreage hydrocarbon exploration licences in Poland. Key points covered: Expansion into Poland: Prospex Energy has spent about a year preparing to apply for licenses in Poland, demonstrating both financial and technical capability. European Growth Strategy: The company is not seeking "domination," but rather expansion, aiming to grow into a significant European gas-producing company. Current Projects: Prospex Energy is already operating in Spain and Italy, and Poland is viewed as a long-term growth project, with drilling expected in 2–3 years. Self-Funding Plan: As their projects in Spain and Italy develop and increase production, they hope to be self-funded for future expansions into Poland. Market Perspective: While there may be concerns about taking on too much, Routh is confident in the company’s strategy and

Jason Brewer flowed into London from Nairobi, Kenya, this week for meetings with broker houses, investors, and company representatives, not forgetting his flight today across to Dublin to attend the Unicorn Mineral Resources annual general meeting. Share Talk asked Jason to call into the London SE1 studio, where Zak Mir was hosting proceedings. Here is the full interview. We have not edited or removed any of the questions/answers. Holders and investors of Marula Mining should be aware that the company’s directors are no longer in a closed period. Jason Brewer, a director involved with multiple junior mining companies discusses various aspects of the mining industry and companies he’s associated with, particularly focusing on Marula Mining, Neo Energy Metals, and Unicorn Mineral Resources. Key highlights from the initial part of the video: Jason mentions he cannot pick a favorite company to avoid upsetting shareholders. He talks about the growth and progress of all his companies, specifically Marula and