Share Talk Ltd

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

Mike Whitlow, Managing Director, said: “It has been a highly productive year for ECR, with significant progress made across our portfolio of gold and rare earths projects, and exploration activities are set to accelerate even further. We consider that we’re on the verge of identifying the key sources of gold at Lolworth, with a number of high-priority drill targets soon to be lined up for testing.  This marks a pivotal step forward as we look to unlock the project’s full potential. At the Blue Mountain Project, we are eagerly anticipating the results from our enhanced gold recovery process which will be critical in guiding us towards the potential commercial options for gold extraction.  In Victoria, our focus remains firmly on drilling. We’re set to commence drilling at the Tambo Project in the coming weeks and work is underway to further explore the highly prospective Antimony potential at Bailieston. With the recent surge in this critical mineral’s price, we believe that the Bailieston project’s Antimon

Zak Mir talks to Rupert Verco, CEO of Cobra Resources, as the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Elements discovery at its Boland Project in South Australia announced the results from ongoing metallurgical studies. This included exceptionally high recoveries of up to 82% of high-value rare earths. Key Points: High Recovery Rates: Cobra Resources has achieved exceptionally high recoveries of rare earth elements, particularly magnet and heavy rare earths, with up to 82% recovery from samples containing 0.5% total rare earth oxides. These results are promising due to the low levels of impurities, leading to reduced processing costs. Market Understanding and Challenges: Despite strong results, the market may not fully understand the significance of the REEs or may be impacted by broader market conditions. The company has faced challenges in raising capital, but maintains strong support from major shareholders, minimizing dilution. Scalabi

Zak Mir talks to Jonathan Owen, CEO of Metals One, after the recent announcement that the company which is advancing strategic minerals projects in Finland and Norway, said that the Company’s Råna Project partner and operator, Kingsrose Mining Limited, has entered into a service agreement with Arctic Drilling AS, for the commencement of helicopter supported core drilling at the Rånbogen prospect on the Råna Project in August 2024. The program aims to prove two high-priority targets by September, with results expected in October. The Rana Project, a former successful mining site, holds promising geological potential near the base of the intrusion. Successful drilling could lead to extensive resource definition and potential development, moving from exploration to a more de-risked development phase. Kingsrose Mining has invested over $3 million and is approaching a majority shareholding in the joint venture, demonstrating a strong commitment to the project’s prospects. Metals One benefits from a free carry

Prospex Energy (AIM: PXEN), an investor in European gas and power projects, announced that Spanish regulatory authorities have granted a 10-year extension to the El Romeral 1, 2, and 3 natural gas production concessions, owned by Tarba Energia. Prospex holds a 49% interest in El Romeral through its investment in Tarba. The royal decree, signed on July 24, 2024, permits the Spanish Ministry for Ecological Transition and the Demographic Challenge (MITECO) to extend the El Romeral natural gas concessions for 10 years, the maximum allowable term. This extension ensures the supply of electricity to the Spanish grid from the El Romeral gas facility and power plant until at least July 2034, with a potential further extension to 2044. El Romeral is currently operating at 30% capacity (2.7 MW) as Tarba awaits permits to drill five additional infill wells on the concessions to boost production. Moreover, an adjacent solar project named "Helios" is expected to add 5 MW, utilizing shared infrastructure with the gas f

European Green Transition PLC (AIM: EGT) CEO Aiden Lavelle and CFO Jack Kelly take Share Talk Zak Mir through the latest developments at the Limni copper project in Cyprus. Here is the list of questions: You announced an option for a Copper Tailings Recycling project in Cyprus back in April and I see you had results out today on this; Aiden, can you please tell us more Jack, it was mentioned that there is potential for a solar energy project there also – tell me more about that. Aiden, the Olserum Rare Earth Project in Sweden, which is 100% owned by the company, has announced a raft of positive results over the last few months. How are things progressing there? What’s next up for the Olserum Rare Earths project? It was mentioned that drilling is expected to start in H2? Jack, I found the recently announced Altan Peatland Carbon Credit Project very interesting– how do you see that working? How do you see the Carbon Credit Project fitting in with EGT’s strategy of ‘developing a portfolio of green economy

The helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’, after the company announced the commencement of construction work on an access road and drill pad, at the Ingomar Dome project area in Montana. The latest Oak Securities note on Helix Exploration: Oak Securities – Helix Exploration (HEX) – Rudyard Acquisition (FINAL) Highlights ·    Construction commenced of 0.75-mile access road and drill pad at Ingomar ·    Two well Q3 2024 drilling program: Clink #1 well at Ingomar and Darwin #1 well at Rudyard ·    Drilling of Clink #1 well to commence following completion of civils ·  Combined budget cost of the two well programmes are estimated at approximately $4.1m which demonstrates the potential for the Company to operate cost-effective exploration and development within the state of Montana Timeline Construction on the access road and drill pad has commenced at the Clink #1 location within the Ingomar Dome Project.  The access road has been surveye

Kavango Resources (LON: KAV), the Southern Africa-focused metals exploration company, announced the successful completion of drilling the first high-priority target at the Karakubis Copper Project in Botswana’s Kalahari Copper Belt.  Field analysis of drill cores taken from this target confirms the presence of a copper-silver mineralising system at Karakubis, as well as further indicators of structural trap sites. KAV said it started drilling at Karakubis to confirm the presence of a copper-silver mineralising system. Results from its first target have surpassed its expectations. This validates the geological model and confirms the potential to discover a large-scale copper/silver deposit. Kavango Resources* (KAV LN) 1. 53p, Mkt Cap £21m – Early validation of the exploration model at Karakubis, Botswana Kavango Resources reports that its drilling at the Karakubis project in the Kalahari Copper Belt in Botswana has confirmed “the presence of a copper-silver mineralising system at Karakubis, as well as