Pulling rabbits out of hats is a characteristic of innovative companies. Ironically, with Eurasia Mining (EUA), the more its detractors have attempted to undermine it, the stronger and more successful it has become. Indeed, it has been driven to its present £660m market cap by the determination to out class the bears. Further evidence of this came today as the palladium, platinum, rhodium, iridium and gold producing company announce its strategy and progress update in relation to the hydrogen and ammonia markets. Given the aftermath of COP26 and the energy transition it can be argued that EUA has played a blinder in identifying opportunities in hydrogen/ammonia production which are complementary to the PGM business in Russia. The company added that the new business sector has created openings for a new and parallel strategy based on this new opportunity.
Speaking of hydrogen and ammonia, ATOME Energy (ATOM), the international company focused on green hydrogen and ammonia production, said that its shares would start trading on the AIM market this morning. The company has raised £9 million at 80p per share.
Also pulling a rabbit out of a hat to pleasantly surprise shareholders was Galileo Resources (GLR) in what could be described as something of a giant killer given the £10m market cap. Here we heard of a Joint Venture Agreement with Statunga Investments Limited covering the Luansobe Copper Project, Zambia comprising Small Scale Exploration Licence No. 28340-HQ-SEL. Galileo said that the Project is situated directly along strike and in close proximity to the very large Mufulira mine which has produced well over 9Mt of copper metal during its operations. Historical reports suggest the potential for very significant copper resources of up to 20Mt @ 2.51% Cu.
Quetzal Capital (QTZ) said co-founders of TAP Global Plc will be joining the panel of the weekly live Financial Fox Smart Investing Webinar on Thursday 30 December 2021 at 11 am. Dave Carr, Chief Executive Officer of TAP, and Arsen Torosian, Chief Strategy Officer, will be joining the ‘Crypto Special’ event hosted by Cassiopeia Services founder Stefania Barbaglio, with regular panellists Clem Chambers, CEO of ADVFN and Online Blockchain, and Zak Mir, CEO of Lift Global Ventures, a commentator at Vox Markets. Quetzal announced an investment of £1.5m in to TAP via a convertible loan note on 3 December 2021.
There was welcome TR1 news to back the stock recovery at Rambler Metals and Mining (RMM) as it was revealed that K2 & Associates Investment Management Inc. has upped its stake from 3.9% to 5.19%. The shares have been on the front foot since the copper ores company announced funding to develop its Ming Copper-Gold Mine, located in Eastern Canada.
Cloudbreak Discovery (CDL), a natural resource project generator, which also finally looks to be in recovery mode, announced its final results for year ended 30 June 2021. The company said it has been successfully executing its business model with 13 out of its 17 assets now optioned to partners. Through its strategic alliance and partnerships, it is looking to an active year ahead with sampling and testing results from several projects. On this basis it would be expected that CDL could be one of the turnaround situations for 2022.