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Cadence Minerals #KDNC – Alan Green talks to CEO Kiran Morzaria
Alan Green talks to Cadence Minerals CEO Kiran Morzaria:
– Interim profits from equity investments
– N Australia hard rock lithium assets
– Yangibana Rare Earth Deposit and Sonora Lithium Project mineral concessions
– Amapa – what will a fully recommissioned mine mean to Cadence, shareholders & Amapa community?
– Secured bank creditor signify – why are we still waiting?
– Share price fall
– Upcoming value inflection points
Entain, UK buy outs and mineral company selection with Alan Green
Alan Green joins the UK 
Investor Magazine Podcast to discuss the key themes in UK markets and explore individual equities.
This week we look at the takeover offers for Entain and the wave of cash being deployed in the takeover and buy outs of UK companies. We then look at junior explorer Caerus Minerals.
Entain is the latest UK company to be subject to takeover interest from a US entity. In this case it’s mergers and acquisitions activity as the interested party is DraftKings. DraftKings has made a £16.4bn offer for the owner of Ladbrokes which saw Entain shares soar and pulled up the prices of other gambling shares on hopes of more interest in sector.
William Hill was acquired by US-based Caesars in a near £3bn deal and Entain would be the latest UK gambling company snapped as the US gambling market develops.
We look at the wider trend of US interest in UK companies and question the ramifications for Uk equity in the rest of 2021.
Caerus Minerals has avoided the downturn in mining shares and we look at the merits of the company and their operations in Cyprus.
Entain, UK buy outs and mineral company selection with Alan Green
Alan Green discusses Forum Energy $FMC & Tertiary Minerals #TYM on the Stockbox Research podcast
Alan Green discusses Forum Energy $FMC & Tertiary Minerals #TYM on the Stockbox Research podcast
UK Investor Magazine – UK Inflation, Restaurant Group and Iron Ore with Alan Green
Alan Green joins the U
K Investor Magazine Podcast for our regular instalment of UK equities and global markets.
We explore the impact and causes of the UK’s highest inflation reading in nine years and what it could mean for the Bank of England.
There is also results to digest from casual dining company Restaurant Group. The group owns Wagamamas which enjoyed a 21% increase in activity over the period but with shares up nearly 5x since their lows in 2020, we look at the viability of an entry at this point.
We also discuss Cadence Minerals and the latest updates from their portfolio of investments and assets.
Alan Green talks about Mirriad Advertising, Power Metal Resources & Kavango Resources on latest Vox Podcast
Alan Green talks about Mirriad Advertising, Power Metal Resources & Kavango Resources on latest Vox Podcast:
https://www.voxmarkets.co.uk/articles/alan-green-talks-about-mirriad-advertising-power-metal-resources-kavango-resources-7829737
#POW Power Metal Resources – FDR Australia – Paterson Region Exploration Update
Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces an exploration update from the Wallal Project (the “Project”) located in the prolific Paterson Region of Western Australia.
Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:
“It is important to articulate clearly the work completed in the Paterson Region to date and below we provide a summation of our overall exploration rationale, current findings, and future exploration plans. I would encourage shareholders to review this information which demonstrates the reasons for our building excitement.
We have identified geological and geophysical features within our Wallal licence that bear similarities to two major and recently discovered deposits within the Paterson Region at Winu and Havieron, both of which are under development.
Whilst awaiting licence grants at the Wallal Project we have continued to advance our review of all available existing data. We are now moving to the next stage with our own work programmes to generate new data and refine target information purposed specifically for a planned deep drilling programme.
In our view there is increasing potential for a major metal discovery at the Wallal Project, and as one would expect we are pushing ahead with some enthusiasm.”
Exploration Rationale
The Paterson Region is host to major gold-copper deposits including Winu (Rio Tinto) and Havieron (Newcrest Mining – Greatland Gold JV).
To date, Power Metal has undertaken in-depth desktop analyses with the aim of comparing the geological and geophysical features of both Winu and Havieron to those found within the Wallal Project.
Our hypothesis was that if we were able to identify geological and geophysical similarities of areas within the Wallal Project to established large-scale deposits elsewhere in the Paterson Region, it would increase the chance of a discovery and justify more detailed exploration.
Exploration Findings to Date
Important geological similarities to both Winu and Havieron have been found within Wallal Project.
Notably, as detailed in the Company’s announcement on 1 September 2021 three major buried magnetic anomalies have been confirmed within Wallal Project (Western, Eastern and Border anomalies or “Anomalies”). The announcement may be viewed here:
In particular, the Eastern anomaly posseses a similar magnetic amplitude to that found at Havieron, which is approximately 100 nanoTesla (nT) for Wallal Eastern anomaly compared to 80 nT for the magnetic anomaly which led to the discovery of the Havieron deposit.
Importance of Exploration Findings
Greatland Gold’s Havieron deposit discovery is located in basement rocks hidden below roughly 420m of post-mineral sedimentary cover which resulted from the drilling of a distinct magnetic geophysics bullseye target
Review of unprocessed 2D-seismic and ground gravity datasets have provided very rough estimations of the target depth to basement rocks of the three anomalies at Wallal Project. The depths indicated by this analysis indicate that the Eastern and Border anomalies are possibly located at depths more comparable to the Havieron deposit.
Next Steps
The Company’s progress to date has centred around the review and analysis of all publicly available historic exploration and related data at Wallal. We are now moving forward with our own Phase I work programme with the aim of generating new and more targeted information.
The geopohysical anomalies identified at Wallal represent deep targets located under post-mineral cover, therefore our Phase I work programme is focused on the development and refining of these targets prior to a potential deep drilling programme.
Phase I Work Programme
The Phase I programme includes reprocessing of three historic northeast-southwest oriented 2D-seismic lines which broadly cover the Western and Eastern magnetic “bullseye” anomalies.
The Western and Eastern anomalies measure 5km x 5km and 2.5km x 2.5km, respectively.
The reprocessing will be carried out by Velsis Inegrated Seismic Technologies Pty Ltd based out of Darra, Queensland. This desktop component of the work programme is underway.
Following the completion of the seismic reprocessing and subject to appropriate local access arrangements and work approvals, a passive seismic survey will be undertaken centered over the Eastern and newly discovered Border anomalies. The passive seismic survey will be carried out by Atlas Geophysics Pty Ltd out of Morley, Western Australia.
Phase I Expectations
The combined dataset generated by the Phase I work programme will provide critical information, including more precise depth to bedrock measurements over the Eastern and Border “bullseye” anomalies, which will be used for the planning of future work programmes, including a potential deep-diamond drilling campaign aimed at testing the two prospective anomalies.
The passive seismic survey represents the Company’s first ground exploration on the Project and will play an important step in determining various logistical aspects (e.g. access, project infrastructure, location of water sources) which will be critical for future work programmes on the Project.
BACKGROUND
The Paterson projects are held by First Development Resources Pty Ltd (FDR Australia) and include Wallal Project (three licence applications being Wallal-E45/5816, Wallal West 1-E45/5853 and Wallal West 2 – E45/5853), Braeside West Project (one licence application) and the Ripon Hills Project (one granted licence).
On 28 April 2021 Power Metal announced a conditional acquisition of FDR Australia and this may be viewed through the following link:
An updated information presentation covering FDR Australia and the Company’s plans may be viewed through the following link:
https://www.powermetalresources.com/presentation/first-development-resources-pdf/
COMPETENT PERSON STATEMENT
The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Power Metal Resources PLC to provide technical support.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
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SP Angel Corporate Finance (Nomad and Joint Broker) |
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Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
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SI Capital Limited (Joint Broker) |
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Nick Emerson |
+44 (0) 1483 413 500 |
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First Equity Limited (Joint Broker) |
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David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
Alan Green discusses Panther Metals #PALM & Mosman Oil & Gas #MSMN on the Stockbox Research podcast
Alan Green discusses Panther Metals #PALM & Mosman Oil & Gas #MSMN on the Stockbox Research podcast
Power Metal Resources #POW – Sale of Schreiber-Hemlo Interests
Power 
Metal Sells its 100% owned Schreiber-Hemlo Interests to First Class Metals Ltd which is planning to list in London in 2021
Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, is pleased to announce the sale of its Schreiber-Hemlo project interests in Ontario, Canada to First Class Metals Ltd (“First Class” or “FCM”).
HIGHLIGHTS
· Sale of Power Metal’s Schreiber-Hemlo project interests to First Class for £1 million consideration payable through the issue of 333,334 new ordinary shares of £1 each in First Class Metals Ltd (“First Class Shares”) at a price of £3 per share.
· First Class is a UK private company with an existing portfolio of interests in the Schreiber-Hemlo region held through its Canadian operating subsidiary First Class Metals Inc. and is currently seeking a listing on a recognised stock exchange in London, targeted for late 2021.
· Power Metal is also to invest CAD$50,000 (circa £28,764) to acquire 9,588 additional First Class shares in First Class’s pre-IPO financing currently underway at £3 per share.
· After the above Power Metal’s holding in First Class will amount to 342,922 shares or circa 39.9% based on currently issued share capital of FCM.
· Power Metal has the right but not the obligation up to IPO to maintain its percentage holding in FCM at a minimum of 35.5%.
Whilst it is the intention of First Class to pursue a listing on a recognised stock exchange in London targeted for late 2021, there is no guarantee that the IPO of First Class will proceed, whether it will be able to raise additional equity funding or at what price it will issue new shares to potential investors.
James Knowles, Executive-director of First Class Metals Limited commented:
“First Class Metals is delighted to have executed this agreement with Power Metal Resources. The combination of our asset bases in the Hemlo Schreiber Greenbelt Belt offers great synergies in joining together two highly prospective exploration packages which are located in one of the best mining postcodes globally.
Of particular interest is the combination of both companies adjoining interests in North Hemlo into what we now see to be a ‘district sized’ exploration block. The North Hemlo project is in close proximity to Palladium One (TSXV:PDM) ultra high grade nickel/copper Tyko discovery on it’s Eastern flank and Panther Metals (LSE:PALM) in the West.
We look forward in the near term to the planned listing of First Class Metals in London and advancing the enlarged package of land this agreement brings together in a cohesive and strategic manner.”
Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:
“Power Metal is pleased to confirm the sale of its Schreiber-Hemlo interests into First Class which is currently preparing for a listing in London in the near future.
First Class has itself assembled a strategic footprint of ground in the Schreiber-Hemlo region and has already secured a joint venture with Palladium One just to the north of Power Metal’s Hemlo North Project.
Bringing our Schreiber-Hemlo interests together with First Class will create a larger more diverse exploration package and on listing Power Metal will hold a strategic stake.
Given the geological prospectivity and burgeoning interest in the Schreiber-Hemlo region, we feel that First Class, with its team and their evident commitment, has the potential to perform well as a listed vehicle in London.
We therefore look forward to First Class achieving its London listing as soon as possible.”
ABOUT FIRST CLASS METALS
First Class Metals Limited is a minerals exploration company focused on proving & developing the significant potential of the Pezim Blocks, Esa & Sugar Cube Gold/Base Metal Exploration Projects in Ontario, Canada.
These projects totalling 579 mining cell claims are located close to the Barrick Hemlo Gold Mine and adjacent to the Harte Gold Sugar Zone, within the Western portion of the Wawa-Abitibi Gold Belt of Ontario, Canada.
TRANSACTION TERMS
Properties
Power Metal Resources plc, through its 100% owned subsidiary Power Metal Resources Canada Inc (“Power Canada”) holds seven Hemlo Schreiber properties as follows (the “Properties”):
– Hemlo North Gold Project (25.82 km2):
· Roger Lake (50 claims)
· Olga Lake (42 claims)
· Dotted East (30 claims)
– McKellar Project (12.3km2)(58 claims)
– Coco-East Project (6.4km2)(30 claims)
– Enable Project (8.7km2)(41 claims)
– Magical Project (3km2)(14 claims)
The book value for the Properties as at the date of transaction was £231,837.
Acquisition Terms
First Class will acquire a 100% interest in the Properties as outlined above and the consideration for the acquisition will be £1,000,002 to be satisfied through the issue of 333,334 First Class Shares at £3.00 per share.
POW Participation in FCM Pre-IPO Financing
Power Metal is also subscribing for CAD$50,000 of First Class shares in the pre-IPO financing round (circa £28,764 for 9,588 new ordinary First Class Shares).
POW Pre-emptive Rights
Power Metal have the right but not the obligation up to the IPO to maintain its proportionate group shareholding at a minimum of 35.5% of FCM issued share capital on the same terms as any new FCM shares are issued.
Additional Terms
Power Metal and Power Canada and their professional corporate, licensing and geological teams will continue to work with First Class to assist with claim transfer, the IPO process and ongoing business support.
Power Metal may nominate a Non-executive Director to the board of First Class.
First Class and their subsidiaries agree to adopt the existing Net Smelter Return Royalty (“NSR”) for all properties acquired from Power Metal, which are held by a consortium led by established local prospector Brian Fowler. Details of the NSR was announced on 21 January 2021 and 26 January 2021.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
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SP Angel Corporate Finance (Nomad and Joint Broker) |
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Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
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SI Capital Limited (Joint Broker) |
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Nick Emerson |
+44 (0) 1483 413 500 |
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First Equity Limited (Joint Broker) |
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David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
Open Orphan #ORPH – Positive results from RSV Human Challenge Study
RSV Human Challenge
Study conducted by hVIVO yields positive results
Open Orphan plc (AIM: ORPH), a rapidly growing specialist pharmaceutical services clinical research organisation (CRO) and world leader in vaccine and antiviral testing using human challenge clinical trials , notes the announcement dated 1 September 2021 from Barvarian Nordic A/S (OMX: BAVA), reporting positive results received from a human challenge study testing its respiratory syncytial virus (“RSV”) vaccine candidate, MVA-BN® RSV. hVIVO , a subsidiary of Open Orphan, conducted the Phase 2 double-blinded, placebo controlled trial using its RSV Human Challenge Study Model.
The trial enrolled 61 healthy adult volunteers, 18-50 years of age who were randomised to receive either a single vaccination of MVA-BN RSV or placebo. Following this, volunteers were challenged intranasally with an RSV type A strain 28 days. The study demonstrated a significant reduction in viral load in vaccinated subjects (n=30) versus placebo (n=31), thus meeting the primary endpoint of this pivotal study. At the same time, the vaccinated subjects showed a significant reduction in clinical symptoms typically associated with RSV infections. The MVA-BN RSV vaccine demonstrated a vaccine efficacy of up to 79% in preventing symptomatic RSV infections. No vaccine-related serious adverse events were observed, and the vaccine was well tolerated, consistent with the safety profile previously reported in Phase 1 and Phase 2 clinical studies.
RSV is a contagious virus that affects the respiratory tract of children and at-risk older adults; in severe cases, it can cause pneumonia and other life-threatening breathing difficulties. RSV is a significant public health threat and is one of the leading causes of hospitalisation to at-risk older adults. Among the elderly (aged 65+), RSV causes as many hospitalisations and deaths as influenza (source: CDC). In the current climate, RSV may also lower immunity and increase the risk of developing COVID-19, and where these infections occur together, it can worsen the severity of COVID-19 illness. There is currently no vaccine on the market for RSV.
hVIVO has two decades of experience and expertise in safely conducting challenge studies across a range of respiratory and infectious disease viruses, including various strains of influenza, RSV, HRV, asthma and malaria, etc.
Cathal Friel, Executive Chairman, said: “We are delighted to see the positive results emerge from this RSV Human Challenge Study with Bavarian Nordic for its RSV vaccine candidate, which was run by hVIVO. This Study illustrates the Company’s diverse offering across the infectious disease market.
We are the only company in the world that is currently equipped to run RSV challenge studies, which forms part of our wider portfolio of respiratory and infectious disease challenge trials. With the global infectious disease market expected to reach a value of $250bn by 2025, we are already seeing a huge increase in interest across the entire pharmaceutical and biotech space in these previously underserved infectious disease areas. We look forward to offering our industry leading services to help novel therapeutics and vaccines progress through clinical development.”
Interested in becoming a volunteer?
hVIVO recruits many of its volunteers for its challenge study clinical trials through its dedicated volunteer recruitment website, www.flucamp.com . By volunteering to take part in one of our studies in a safe, controlled, clinical environment under expertly supervised conditions you are playing your part to further medical research and help increase the understanding of respiratory illnesses.
Individuals interested in taking part in COVID-19 human challenge study research can learn more at www.UKCovidChallenge.com .
For further information please contact:
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Open Orphan plc |
+353 (0) 1 644 0007 |
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Cathal Friel, Executive Chairman |
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Arden Partners plc (Nominated Adviser and Joint Broker) |
+44 (0) 20 7614 5900 |
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John Llewellyn-Lloyd / Louisa Waddell / Oscair McGrath |
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finnCap plc (Joint Broker) |
+44 (0) 20 7220 0500 |
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Geoff Nash / James Thompson/ Richard Chambers |
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Davy (Euronext Growth Adviser and Joint Broker) |
+353 (0) 1 679 6363 |
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Anthony Farrell |
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Walbrook PR (Financial PR & IR) |
+44 (0)20 7933 8780 or openorphan@walbrookpr.com |
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Paul McManus/ Sam Allen/ Louis Ashe-Jepson |
+44 (0)7980 541 893/ +44 (0) 7502 558 258 / +44 (0) 7747 515393 |
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