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Quoted Micro 3 August 2026
AQUIS STOCK EXCHANGE
Ajax Resources (AJAX) has agreed to exchange the Rureka project and related assets for the Rachiate prospect and the El Salto project in Argentina. The deal and transaction structure are still to be finalised. No cash will be involved. Ajax was previously planning to acquire the Rachiate prospect. Ajax has also entered a binding option agreement for the acquisition of Nueva Celti copper project in Spain. A non-refundable option fee of $10,000 has been paid. The total cost will be $300,000. Orca Capital owns 9.64% of Ajax and John E Story no longer has a notifiable stake.
Supernova Digital (SOL) interim revenues slipped from £297,000 to £72,000 and the loss increased from £215,000 to £1.23m. That is down to the fair value reduction increasing from £98,000 to £810,000 due to the weak cyber currency market. NAV is £1.81m.
Falconedge (EDGE) says the launch of the recurring referral fee programme will help overall revenues to grow. Further referral agreements are being discussed. Stefania Barbaglio has left the board.
Zentra Group (ZNT) subsidiary developing One Victoria has terminated its agreement with contractor Torsion Construction has been terminated after it went into administration. The One Victoria residential development will appoint a replacement.
Macaulay Capital (MCAP) increased interim income from £157,000 to £478,000, helped by the sale of ICA Group, and it moved into profit. Net assets are £2.08m, including cash of £980,000.
Capital for Colleagues (CFCP) had net assets of 87.6p/share at the end of May 2026. There are 16 companies in the portfolio.
NYCE International (NYCE) says it had cash of £63,000 at the end of June 2026. Talks with a potential bidder have ended. More cash is required. Management is seeking shareholder approval to reorganise the share capital and issue shares at the AGM on 6 August.
EPE Special Opportunities (EO.P) has redeemed £1.73m of loan notes.
Majestic Corporation (MCJ) has appointed Allenby as corporate adviser and joint broker. VSA Capital has also become joint broker.
ASSET MATCH
Greenshields Agri Holdings (GAH) plans a share buyback in the fourth quarter. The Scottish agricultural land market remains resilient, although IHT changes could lead to more supply from 2027. Land values in England and Wales have slipped 1.5%. Wheat prices have risen with hot weather hitting production.
AIM
Floorcoverings distributor Likewise (LIKE) is taking advantage of the strong share price to raise £28.5m at 28.5p/share and a retail offer could raise up to £2m. This cash will finance the £9.8m cost of the proposed acquisition of a 60,000 sq ft warehouse freehold in Corby, as well as enabling further acquisitions of distribution facilities. The additional distribution facility will increase capacity to £300m each year. There are also £9m of bank facilities being negotiated. Net debt was previously expected to rise to £10.7m by the end of 2026 and net cash of £2.6m is now forecast.
Xcalibur Multiphysics Group has bought a 25.5% stake in subsurface resources data supplier Getech Group (GTC). Xcalibur is a global specialist in airborne and mapping geophysics. Octopus sold its 16.4% stake, and First Equity sold its 6.42% shareholding.
Cloud-based secure payments technology developer PCI-Pal (PCIP) did better than expected in 2025-26 and grew revenues 14% to £24.6m, which means the expected loss has been reduced to £800,000. Annualised recurring revenues were 29% higher at £24.4m, providing a strong base for 2026-27 forecast earnings of £27m, which will be reassessed when the full year figures are published. Net cash is £4m. The momentum continues, especially in the US. A new strategic partnership has been signed with reseller NiCE Systems Inc. Chief executive James Barham bought 26,466 shares at 56.5p each.
Cyber security software and services provider Shearwater Group (SWG) says the business won at the end of the period meant that trading was ahead of expectations in the year to June 2026. Revenues have been upgraded 18% to £42m and earnings have been raised from 4.5p/share to 4.9p/share. Net cash was £5.6m at the end of June 2026, which is around 50% of the market capitalisation. The board is considering share buybacks and /or dividends. At this point, Cavendish is not changing its 2026-27 forecast.
Brave Bison (BBSN) has launched a bid for System1 Group (SYS1), which valued the market research technology and services provider at £43.1m, or 327p/share, at the end of trading yesterday. The bid is 135p in cash and 2.04 Brave Bison shares for each Systems1 share. Brave Bison already owns 28% of Systems1 bought from founder John Kearnon and an institutional investor for an average cost of 242p/share. The original offer was valued at 297p/share and that was followed up with a 327p/share indicative offer. The combined business would have revenues of £79m.
Transport software and technology supplier Tracsis (TRCS) is acquiring UK rail software provider Mistral Data from FirstGroup for an enterprise value of £48m. In 2025-26, revenues were £13m and EBITDA was £4m. Annualised recurring revenues are 85% of group revenues. Using the cash pile to finance this will help the enhancement of earnings. The UK rail technology market is set to grow at 5%/year.
Furnishing fabrics and wallpapers designer Colefax Group (CFX) increased full year sales 5% to £115.9m, even though decorating sales declined, while pre-tax profit rose 18% to £10.5m due to a strong performance of the fabrics business in the US. Cash was £23.5m at the end of April, after £6.1m spent on share buybacks. The total dividend is 7% higher at 6.3p/share. US sales continue to be strong, but the UK is tougher.
Professional services network DSW Capital (DSW) full year revenues improved from £5m to £6.3m, helped by the contribution from DR Solicitors. Pre-tax profit fell from £1.6m to £1.3m. There was a decline in M and A revenues, down to 31% of the total, and there is caution about revenues this year. The dividend was increased to 3.2p/share.
Shield Therapeutics (STX) says US volumes of ACCRUFeR iron replacement treatment increased, but lower selling prices in the US meant that interim revenues from that market were lower. Group revenues were 41% ahead at $30.4m because of a $7.9m milestone payment from China. Operating profitability is being maintained, but it is not enough to cover interest charges. Cash was $8.3m at the end of June 2026, but there is debt to offset against this.
Media localisation and services provider Zoo Digital (ZOO) is seeing signs of improvement in the TV and film market for localisation and dubbing. Approaches from customers are increasing and Zoo Digital is moving into new areas such as live sport. Restructuring the business has helped to reduce costs. Revenues declined from $49.6m to $42.3m. The loss was reduced from $8.3m to $2.3m. The operations generated enough cash to more than cover investment in technology. The trading improvement has continued into the first quarter of this financial year.
Mobile games developer Gaming Realms (GMR) says interim revenues will be 3% lower at £15.5m. That is because non-core brand licence revenues slumped from £2.4m to £700,000. That will hit profitability in the first half. The core business did well. Net cash is £13.5m.
Fluidpower products distributor Flowtech Fluidpower (FLO) grew like for like sales by 13% in the first half as the company gains market share. Overall sales were 24% ahead at £70.4m. This was despite the lack of sales to two bridge infrastructure projects, which are likely to come through in the second half. Full year pre0tax profit is set to jump from £1.7m to £4m.
AI-enabled PR company Pathos Communications (NEWS) interim revenues rose 14% to $7.3m and it is on track to achieve full year forecasts, which appear conservative. Revenues of $14m are estimated with underlying pre-tax profit improving from $2m to $2.7m. This is despite adding to the cost base by investing in growing operations, including a new team in Asia Pacific. Cash generation is improving.
CyanConnode (CYAN) is recommending a 10.165p/share in cash from Esyasoft, valuing the smart meter technology company at £36.5m. Esyasoft previously bought Good Energy.
Newmark Security (NWT) is selling loss making physical security business Safetell for £1 and concentrating on the human capital management division.
MAIN MARKET
Online travel hostel agency Hostelworld (HSW) has reported its interims and they were in line with the trading statement with revenues 12% ahead at €52.2m. Profit was held back by one-off charges and an additional €2.3m of marketing investment. Underlying profit after tax fell from €5.1m to €4.9m. The interim dividend is €0.0083/share. Net cash is €2.5m. Guidance is unchanged with deferred income expected to unwind in the second half.
Fully listed financial management software developer Aptitude Software (APTD) has grown annualised recurring revenues for AI autonomous finance software by 12% to £20.1m thanks to Fynapse software sales. A $5.54m, three-year contract has been won in Canada. Overall annualised recurring revenues dipped to £49.9m because of lower legacy revenues. Churn should be reduced in the second half. The quality of revenues is improving and operating profit has increased in the first half. Net cash is £15.7m, after £2.6m of share buybacks.
US cybersecurity technology company Narf Industries (NARF) increased full year revenues by 50% to $4.5m. The cash outflow from operating activities was $226,000. There is $4.1m of revenues to be recognised this year. That is despite one project has been cancelled.
Andrew Hore
Quoted Micro 22 December 2025
AQUIS STOCK EXCHANGE
Vault Ventures (VULT) has raised £555,000 at 1p/share. This will be invested in technology. The Vault Accelerator for blockchain and AI development and income generation is in the final stages of implementation.
Mendell Helium (MDH) says that the flow rate for the Rost 1-26 well in Fort Dodge, Kansas has more than doubled to 250Mcf of helium per day, which equates to $1.4m in income in one year. There are discussions with potential partners for additional wells.
SulNOx Group (SNOX) has been granted a patent in Australia. It covers a range of formulation versions which includes both the Berol® 6446 Heavy Sulphur Fuel Oils (HSFO) emulsifiers and Sulnox Eco™ Fuel Conditioners which enhance all diesel, petrol/gasoline and biofuels, and marine fuels.
DXS International (DXSP) was hit by a cyber incident on 14 December. This should net have a material effect on the full year figures.
B HODL (HODL) has joined the US OTCQB Venture Market under the code BHODF.
Ananda Developments (ANA) is pleased with the US Presidential executive order to reschedule cannabis in the USA from Schedule 1 to Schedule 3 under the Controlled Substances Act. This recognises the benefit of medicinal cannabis. This will make it more straightforward to gain FDA approval and potentially make it easier to raise money. Trading in Ananda Developments shares ends on 22 December.
Mark Horrocks has reduced his stake in Lift Global Ventures (LFT) from 19.96% to 17.9%.
The Smarter Web Company (SWC) has not raised any cash from share subscriptions in the past two weeks, which takes it to four weeks since any subscriptions.
Ajax Resources (AJAX) completed a share issue raising £1.2m at 5.5p each and creditors have converted £110,000 of money owed into shares at the same price. Total cash is £2.6m.
First Sentinel has resigned as corporate adviser to Valereum (VLRM) and trading in the shares The company is still trying to complete the transaction with Quorium Global Photonics SPC. The share price fell 7.41% to 12.5p prior to suspension.
EDX Medical (EDX) is commercially launching a new BC95 testing service for early detection of bowel cancer as well as providing assessments of hereditary risks. Interim revenues increased from £18,000 to £173,000, while the loss increased from £1.7m to £2.3m. Cash was £125,000 at the end of September 2025.
Phoenix Digital Assets (PNIX) is redomiciling to Gibraltar. This is due to the regulatory environment and crypto advisory infrastructure.
RootstockLabs Ltd has reduced its stake in Coinsilium (COIN) from 6.69% to 5.32%.
Oscillate (SRVL) has issued an unsecured convertible to raise $400,000. This is equal to the amount to be received for the sale of helium operations. That will be received over 5 months, and the loan note will provide cash in the meantime. It lasts five months and the annual interest rate I 15%. It can be converted into shares if the company moves to AIM.
Connecting Excellence (XCE) has bought 8.12682413 Bitcoin for £560,000, taking the holding to 24.77668182 Bitcoin at a total cost of £1.71m. The next update will be on 5 January.
Oberon Investments (OBE) published increased interim revenues rose 14% to £5.4m with the fastest growth from investment management. Investment in growing the business means that the loss increased from £1.24m to £2.39m. Management believes that like-for-like growth could be 30% this year.
In the six months to September 2025, business assurance provider Adsure Services (ADS) revenue dipped from £5.06m to £4.89m, and pre-tax profit edged down from £330,000 to £310,000. Management says the decline was down to timing issues. Cash was £610,000.
The Smarter Web Company (SWC) has not raised any cash from share subscriptions in the past two weeks, which takes it to four weeks since any subscriptions.
Property investor Ace Liberty and Stone (ALSP) chairman Dr. Antonios Ghorayeb bought 200,000 shares ag 60p each, taking his stake to 0.89%.
JP JENKINS
Bitcoin mining company Argo Blockchain (ARB) has exited the Main Market and joined JP Jenkins on 15 December.
Bigblu Broadband (BBB) has left AIM and joined JP Jenkins on 18 December.
Powder Monkey (PMGL) has appointed Jon Radford as managing director of the UK brewing operations.
ASSET MATCH
Greenshields Agri Holdings (GAH) improved revenues from £3.95m to £4.27m, while there was a swing from loss to a pre-tax profit of £3.12m. However, this was due to a £4m gain on disposals. Cash generated from operations increased from £340,000 to £1.65m because of a reduction in working capital. Net cash is £1.3m.
Shareholders in Gulfsands Petroleum (GPX) agreed to the capital reorganisation
AIM
Technology enabled PR company Pathos Communications (NEWS) raised £5m at 30p/share ahead of joining AIM on 15 December. Management plans to invest in staff, marketing and technology. The share price ended the week at 32.5p.
Music management company All Things Considered (ATC) switched from Aquis to AIM and raised £8.6m at 125p/share. The share price ended the week at 131.5p.
Kettle components supplier Strix (KETL) is transforming its balance sheet through the £110m sale of Billi, which supplies multifunctional taps, to a private equity-backed Australian bidder. Billi was acquired three years ago for £38m, although Strix has invested in the business since then. Billi has been a growing contributor to the group at a time when other parts of the business have found trading conditions difficult. There are plans for a manufacturing and development agreement. Shareholder approval is required so the sale will not be completed until early next year. Strix will move to a net cash position and a £10m share buyback is planned. The sale equates to 47.8p/share.
The Zimbabwe government has revised its changes to mining royalties and that is good news for Caledonia Mining Corporation (CMCL). The proposed royalty rate of 10% will only come into effect when the gold price exceeds $5,000/ounce, rather than $2,500/ounce. Changes to tax have been withdrawn. The rise in the gold price means that the payback on investment in the Bilboes project could be less than one year. Cavendish has raised its 2025 pe-tax forecast to $131.3m with $163.8m expected in 2026.
The new strategy of Naked Wines (WINE) is already showing signs of paying off and Panmure Liberum has upgraded expectations due to strong pre-Christmas trading. The wines supplier expects full year EBITDA to be at the top of guidance of £5.5m to £7.5m. Panmure Liberum forecasts £7.2m, up from £6.2m. Pre-tax profit of £800,000 is estimated when previously a small loss was expected.
Mkango Resources (MKA) joint venture HyProMag USA, a rare earth recycling and processing business, has expanded the Texas hub facility and is planning a listing in the US in around one year’s time. The NPV of the Texas project and two other sites is $409m based on current market prices. The figure is much higher based on forecast prices. Up front capital costs are $142m.
Chariot (CHAR) has completed a financing for two wind projects in South Africa. The funding is via a subsidiary, and the wind farms should be commissioned in mid-2027. Chariot retains 65% of the subsidiary and Mahlako is paying $17m for 35%. Chariot’s stake is valued at 2p/share. This is the start of the strategy to build up a portfolio of renewable energy assets. The water business, which primarily held the proof-of-concept desalination project in Djibouti, has been sold.
Scotland-based housebuilder Springfield Properties (SPR) has secured a deal with Scottish and Southern Electricity Networks which covers 293 homes across six sites. This will provide income from rentals to help cover building costs on the sites. This deal is part of the new strategy in the north of Scotland, where home will be leased to workers improving the electricity transmission infrastructure.
Bars operator The Revel Collective (TRC) is in discussions with potential acquirors of its businesses and they would not lead to any return for shareholders. There is no likelihood of raising money through a share issue. Trading in the shares will be suspended on 29 December because the 2024-25 annual report will not be published by the end of the year.
Offshore energy market services provider Tekmar Group (TGP) has won a contract with an existing customer worth €8m. This for a major UK offshore wind farm. Revenues should be recognised this year and next year.
Quantum Helium (QHE) says an independent resource report has been published and the best estimate for the Coyote Wash project in Colorado is 0.97bcf of gross recoverable helium. This takes the gross recoverable resource of the company’s projects to 1.1bcf, which have a gross value of $330m. There are also potential oil resources of up to 750,000 barrels. The company also has a 90% working interest in the Sagebrush helium project which has 2U helium reserves of 101MMscf net.
Gaming machines hardware and displays supplier Nexteq (NXQ) has traded in line with expectations in 2025, but management is cautious about next year. A small dip in revenues from $85.5m to $85m in 2026. This has been downgraded from $94.1m because the largest gaming customer has been acquired and the product range rationalised faster than anticipated.
Groundworks company Van Elle (VANL) completed the sale of the Canadian rail business. This raised C$2.7m with a deferred payment of C$2m to be paid during 2026. The total is equivalent to £2.5m but subject to balance sheet adjustments. Meanwhile, revenues of the continuing business rose 12% in the first half.
MAIN MARKET
Seraphim Space Investment Trust (SSIT) investee company ICEYE along with its joint venture partner Rheinmetall has secured a €1.7bn contract for space-based reconnaissance capabilities for the German Armed Forces. This involves a dedicated synthetic aperture radar (SAR) satellite constellation with AI driven image evaluation. The contract starts at the end of 2025 and lasts for five years. ICEYE recently raised €150m in a financing round, which valued the company at €2.4bn. ICEYE is by far the largest investment at just over one-third of the portfolio. The latest contract indicates the maturity of the business and ICEYE could consider a listing in the future. At the end of September 2025, the Seraphim Space IT NAV was £283.6m, which is equivalent to 119.55p/share.
Cash shell Medcaw Investments (MCI) is proposing to acquire Ulvestone, which holds licences for the Eagle Lake gold project in Ontario, Canada, plus a move to AIM.
Andrew Hore
#GRX GreenX Metals LTD – 2024 Annual Report
2024 ANNUAL REPORT
GreenX Metals Limited (GreenX or the Company) advises that its 2024 Annual Report, has been published at https://greenxmetals.com/investors/announcements/, will be uploaded to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and is attached as a PDF to this news release.
The Company also advises that an Appendix 4G (Key to Disclosures: Corporate Governance Council Principles and Recommendations) and 2024 Corporate Governance Statement have been released today and are also available on the Company’s website at https://greenxmetals.com/about/corporate-governance/ and are attached as a PDF to this news release.
Further, that the Company’s Annual General Meeting (AGM) will be held on Friday, 22 November 2024.
An item of business at the AGM will be the re-election of Directors. In accordance with clause 6.2(f) of the Company’s Constitution, the closing date for receipt of nominations from persons wishing to be considered for election as a Director is Friday, 4 October 2024. Any nominations must be received at the Company’s registered office no later than 5.00 pm (Perth time) on Friday, 4 October 2024.
Further information about the AGM, including the Notice of AGM, will be provided to shareholders in October 2024.
LEI: 213800EHCGNYSCN9T108
Classification: 1.1 Annual financial and audit reports
For further information please contact:
Dylan Browne
Company Secretary
+61 8 9322 6322
#BRES Blencowe Resources PLC – CEO Video Interview
Blencowe Resources (BRES:LON), is pleased to share two recent interviews with CEO Mike Ralston on the Focus Communications IR and Mining News platforms:
Interview with Focus IR:
“Mike Ralston, CEO of Blencowe, outlines plans to become one of the world’s largest graphite producers”
https://www.youtube.com/watch?v=JnnCkdCPfT0
Interview with Mining News:
“Blencowe building on mining-to-battery plan at the Orom-Cross graphite project”
Executive Chairman Cameron Pearce commented:
“Blencowe recently recorded video interviews on the media platforms linked above to provide investors with further detail following a successful management trip to Asia. In China we visited Jilin Huiyang New Material Technology Company which is currently undertaking processing of a 600 tonne bulk sample of small flake graphite from Orom-Cross. This effort aims to produce commercial scale processed samples for a range of tier-1 offtakers in both China and South Korea, who have shown significant interest in high-quality processed product from Orom-Cross, especially smaller sized flakes suitable for SPG processing for the battery industry, including Electric Vehicles. Investors should note that prequalification of product with industry buyers is a crucial step for any serious graphite miner, and Blencowe is well advanced on this route.
In addition to the small flake graphite, we have received positive feedback on large flake graphite samples from Orom-Cross from other potential offtake parties, with larger flake graphite typically commanding premium prices.
During our trip, we also met with various EPC groups and Chinese strategics to advance our in-country downstream SPG processing strategy. We believe that adding local Ugandan downstream SPG processing facilities will enable us to capture more of the downstream value chain and significantly enhance Orom-Cross’s already compelling economics. This will also substantially differentiate Blencowe from its graphite peers. So far, test work in China has been progressing positively, as have discussions regarding potential offtake MOUs and strategic partnerships for downstream SPG processing.
We anticipate further updating the market on the progress of our test work and the interest from potential offtakers in the coming weeks.“
For further information please contact:
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Blencowe Resources Plc Sam Quinn (London Director) |
+44 (0)1624 681 250 |
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Investor Enquiries Sasha Sethi |
Tel: +44 (0) 7891 677 441 sasha@flowcomms.com |
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Tavira Financial Jonathan Evans |
Tel: +44 (0)20 7100 5100 jonathan.evans@tavira.group |
Twitter https://twitter.com/BlencoweRes
LinkedIn https://www.linkedin.com/company/blencowe-resources/
Background
Orom-Cross Graphite Project
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger coarse flakes within the deposit.
A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit. Blencowe completed a successful Pre-Feasibility Study on the Project in July 2022 and is now within the Definitive Feasibility Study phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with an initial JORC Indicated & Inferred Mineral Resource of 24.5Mt @ 6.0% TGC (Total Graphite Content). This Resource has been defined from only ~2% of the total tenement area which presents considerable upside potential ahead. Development of the resource is expected to benefit from a low strip ratio and free dig operations together with abundant inexpensive hydro-electric power off the national grid, thereby ensuring low operating costs. With all major infrastructure available at or near to site the capital costs will also be relatively low in comparison to most graphite peers.
Vox Markets Podcast – CEO Alan Green talks about: Sovereign Metals #SVML, Smart Metering Systems #SMS , ECR Minerals #ECR & WINIT365
Alan Green, our CEO talks about the following companies:
WINIT365 – the gaming software provider and developer of the world’s first online, multi- player multi-platform Mahjong game, is pleased to announce that it is seeking to list on the UK Aquis Exchange.
Listen here: https://www.voxmarkets.co.uk/articles/alan-green-talks-about-sovereign-metals-smart-metering-systems-ecr-minerals-winit365-32e6d76
#TEK Tekcapital Investee – Innovative Eyewear, Inc. Launches New Titanium Styles of Lucyd Lyte® 2.0
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group notes that Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), the developer and retailer of smart eyewear under the Lucyd®, Nautica® and Eddie Bauer® brands, announces today that five new styles of Lucyd Lyte 2.0 audio eyewear are now available. These new styles are an addition to the 10 styles of Lyte 2.0 introduced in early February. On top of including the major feature upgrades of the Lyte 2.0 such as 12 hours playback per charge, this collection update brings several new design aesthetics to the Lucyd Lyte 2.0 line and the smart eyewear market overall:
1. The Electra frame introduces the first smart eyewear with a two-tone titanium frontplate, bringing the category to a new height of luxurious finishes.
2. The Shimmer frame introduces the first smart eyewear on the US market in a rose gold titanium colour.
3. The Earthbound introduces the best-selling clubmaster style in a Bluetooth format, another first for the US smart eyewear market.
4. The Starlyte style is a key addition developed based on user demand for a cateye style designed for women.
With the introduction of these frames, Lucyd Lyte 2.0 eyewear is now available in 15 distinct styles, the most of any smart eyewear on the US market since the company’s Lyte 1.0 collection. The combination of two different temple lengths, seven styles designed specifically for women, and three styles designed for petite heads, truly open the typically adult male-oriented smart eyewear category to new demographics for the first time.
“With these five new styles of Lyte 2.0 smart eyewear, we are continuing to make the category more accessible than ever before, particularly to women and petite customers by giving them the sizing and styles they need,” says Harrison Gross, CEO of Innovative Eyewear. “A great pair of smartglasses is defined by three key factors: fashion, tech and suitability for all-day vision correction. The Lyte 2.0 collection addresses this successfully by offering smart frames with seamless, user-friendly Bluetooth features, high-end designer styling in a large number of shapes and sizes, and the comfort necessary for all-day wear.”
Watch a video of the new glasses here. Interested retailers are encouraged to visit our booth #P1951 at Vision Expo East 2023 in New York City, or to contact us at info@lucyd.co.
In other news, the popular tech and entertainment site ScreenRant (90m+ monthly visitors) just rated Lucyd Lyte 1.0 eyewear the best on the market.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of cutting-edge smart eyewear, under the Lucyd®, Nautica® & Eddie Bauer® brands. True to our mission to Upgrade Your Eyewear®, our Bluetooth audio glasses allow users to stay safely and ergonomically connected to their digital lives, and are offered in hundreds of frame and lens combinations to meet the needs of the optical market. To learn more and explore our continuously evolving collection of smart eyewear, please visit www.lucyd.co.
Tekcapital currently owns 5,189,086 shares (approximately 68%) of Innovative Eyewear, Inc.
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications |
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+44 (0) 20 7129 1474 |
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Tim Thompson/Andrea Seymour/Fergus Mellon |
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About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital, Innovative Eyewear Inc. or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Other than as required by relevant regulation or law, neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
#KAV Kavango Resources PLC – Upgrade of B1 Conductor
Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) (“Kavango”) is pleased to announce an operational update for its Kalahari Suture Zone North (“KSZ North”) project.
STRATEGIC REVIEW
– Kavango has prioritized the cluster of three identified “B Conductors” (>>> announced 11 July 2022) on the KSZ North Project for drill testing.
– The B1 Conductor (“B1”) was recently remodelled with a conductance of 28,700 Siemens using Downhole Electromagnetic (“DHEM”) survey data. This is well into the range accepted by nickel-copper specialised geophysicists for pyrrhotite bearing massive sulphides.
– New Controlled Source AudioMagnetotelluric (“CSAMT”) data suggests that B1 lies at a lithological boundary in Karoo sediments within mudstones and gabbro sills. Kavango believes these gabbro intrusive sills could host massive sulphides if sulphur saturation has occurred.
The B3 and B4 conductors (“B3” and “B4”) have been modelled at 4,100 and 2,760 Siemens respectively. These are also in the range of possible massive sulphides.
DRILLING PARAMETERS
– Kavango intends to drill test the B Conductors and the KSZ North geology host environment at the same time, along with the geochemistry of the gabbro intrusions at/near the conductors.
– On the suggestion of a senior external advisor, the Company will also test the chemistry of historically intersected coaly sediments to determine if they represent a viable sulphur source for the system. This was postulated by Holwell and Blanks in 2020, who endorsed the KSZ North program and proposed that Karoo intrusive gabbros could undergo sulphur saturation to form massive sulphide deposits.
– Kavango believes that drilling the B Conductors could validate its entire KSZ North exploration program.
Jeremy S. Brett, Executive Director at Kavango Resources and Senior Geophysical Consultant through Jeremy S. Brett International Consulting Ltd, commented:
“The B1, B3 and B4 cluster of conductors is significant and drill ready. The high conductance of the B1 conductor modelled from the Downhole Electromagnetic data is considered by nickel-copper geophysicists to be typical of massive sulphides with pyrrhotite, which in turn can be associated with nickel mineralization. Conductance is one of the most powerful discrimination factors in nickel copper exploration.
I feel that most exploration companies exploring for nickel and copper would want a target with a conductance as high as the B1 conductor. These are also critical targets to the entire KSZ project.
Success in drilling these could confirm the presence of not only massive sulphides, but also confirm the ore deposit model proposed by Kavango and our senior advisors. This would open up the rest of the KSZ Project for intense exploration using more Time Domain Electromagnetics. The only one remaining step is to drill and find out the cause of these conductors.”
Further details
Kavango considers the KSZ North to be an advanced and high potential exploration project. The B Conductors are located at the north edge of the Great Red Spot intrusive, which was probably structurally favourable for intrusive Karoo gabbro feeders and sills that could have undergone sulphur saturation and sulphide immiscibility (per Holwell and Blanks, 2020). The Great Red Spot itself sits at the nexus of seven regional scale structures. This context is viewed as a prime location for potential ore deposits (q.v. Graham Begg, 2010).
Kavango identified B1 from Surface Time Domain Electromagnetic (“TDEM”) surveying and drill tested it in early 2022 with hole KSZDD002 (announced >>> 28 February 2022). Downhole Electromagnetics (“DHEM”) showed that the hole had narrowly missed the conductor and that it remained untested. This is not uncommon in nickel/copper exploration.
Surface TDEM surveys were expanded in 2022 to cover the B1 conductor area thoroughly for improved resolution. The new data allowed the B1 conductor to be remodelled by a leading TDEM specialist in Australia at 12,840 Siemens, which itself is well into a range for massive sulphides.
The DHEM data for B1 was also remodelled, resulting in a higher resolution on the conductor geometry and a higher conductance of 28,700 Siemens. Conductances of this magnitude are possible to resolve using DHEM since the EM sensor is closer to the causative body than with surface TDEM. Kavango is now confident that it can intersect the B1 target via drilling.
Kavango believes that B1’s conductivity could result from the presence of pyrrhotite content. Pyrrhotite is very highly conductive and often associated with the nickel-bearing mineral pentlandite in nickel/copper/platinum group element massive sulphide bodies.
Following remodelling, the new model plate for B1 now has a more discrete dimension of 255 x 440 metres using Surface TDEM, and 150 x 475 metres using DHEM data. These conform to a typical size range for massive sulphide bodies.
Kavango recently calculated the probable conductive responses of geological features other than potential massive sulphides in the Karoo in the B Conductor area, using physical properties collected from Kavango drill core. These included fossiliferous saline aquifers, coal, and coaly sediments. All calculations fell short of the range for massive sulphide bodies, this is a positive pre-drilling indicator, suggesting a low probability of these formational conductors being responsible for the B Conductors.
Under Kavango’s target ranking system in the KSZ, B1 represents a high priority drill target that should be drill tested using 2 holes plus DHEM.
While testing B1 with “out of loop surveys” for improved insight into its geometry, Kavango identified two new conductors that it named B3 and B4.
Kavango has modelled B3 and B4 at 4,100 and 2,760 Siemens respectively, and as much larger spatially than B1. Kavango has upgraded them as priority drill targets due to their proximity to B1. The Company believes they could be larger but thinner massive sulphides zones at the bases of gabbro intrusive sills. These targets will require a minimum of one hole each plus DHEM for future guidance.
Further information in respect of the Company and its business interests is provided on the Company’s website at www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Ben Turney
+46 7697 406 06
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
Kavango Competent Person Statement
The technical information contained in this announcement pertaining to geophysics have been read and approved by Mr. Jeremy S. Brett, M.Sc., P.Geo., Senior Geophysical Consultant, Jeremy S. Brett International Consulting Ltd. in Toronto, Canada. Mr. Brett is a member of the Professional Geoscientists of Ontario, the Prospectors and Developers Association of Canada, the Canadian Exploration Geophysical Society, and the Society of Economic Geologists. Mr. Brett has sufficient experience that is relevant to geophysics applied to the styles of mineralization and types of deposits under consideration to act as a Qualified Person as defined under the Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects.
#SVML Sovereign Metals Ltd – Notice of General Meeting
SOVERIEGN METALS LIMITED – NOTICE OF GENERAL MEETING
Sovereign Metals Limited (ASX: SVM, AIM: SVML) (the Company) advises that a General Meeting (Meeting) will be held on 17 March 2023 at 10:00am (AWST) at the Conference Room, Ground Floor, 28 The Esplanade, Perth, Western Australia 6000.
In accordance with 110D of the Corporations Act 2001 (Cth), the Company will not be dispatching physical copies of the Notice of Meeting (unless a shareholder has elected to receive documents in hard copy in accordance with the timeframe specified in section 110E(8) of the Corporations Act 2001 (Cth)).
The Notice of Meeting is also accompanied by a Short Form Prospectus. A copy of the Notice of Meeting and the Short Form Prospectus can be viewed and downloaded online as follows:
· the Company’s website: http://sovereignmetals.com.au/announcements/.
· the Company’s ASX Market announcements page at www.asx.com.au under the Company’s ASX code “SVM”; or
· if you have provided an email address and have elected to receive electronic communications from the Company, you will receive an email to your nominated email address with a link to an electronic copy of the Notice of Meeting and the Short Form Prospectus.
A copy of your Proxy Form is enclosed for convenience.
The Company intends to hold a physical meeting. The Company will notify shareholders of any changes to this by way of an announcement on ASX and AIM and the details will also be made available on our website.
The Notice of Meeting and Short Form Prospectus are important and should be read in their entirety. If you are in doubt as to the course of action you should follow, you should consult your stock broker, investment advisor, accountant, solicitor or other professional adviser.
You may also, prior to the Meeting, obtain a paper copy of the Notice of Meeting and Short Form Prospectus (free of charge) by contacting the Company Secretary on +61 8 9322 6322 or by sending an email to info@sovereignmetals.com.au.
Holders of Depositary Interests should complete and sign a Form of Instruction, which will be sent separately to each Holder of Depositary Interests, and return it by the time and in accordance with the instructions set out in the Form of Instruction. Holders of Depositary Interests will not be eligible to vote in person at the Meeting.
How do I update my communications preferences?
Shareholders can still elect to receive some or all of their communications in physical or electronic form or elect not to receive certain documents such as annual reports. To review your communications preferences, or sign up to receive your shareholder communications via email, please update your communication preferences with Computershare at https://www-au.computershare.com/Investor/#Home.
Yours sincerely,
Dylan Browne
Company Secretary
Sovereign Metals Limited
ENQUIRIES
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Dr Julian Stephens (Perth) +61(8) 9322 6322 |
Sam Cordin (Perth) |
Sapan Ghai (London)
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Nominated Adviser on AIM |
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RFC Ambrian |
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Bhavesh Patel / Andrew Thomson |
+44 20 3440 6800 |
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Joint Brokers |
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Berenberg |
+44 20 3207 7800 |
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Matthew Armitt |
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Jennifer Lee |
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Optiva Securities |
+44 20 3137 1902 |
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Daniel Ingram |
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Mariela Jaho |
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Christian Dennis |
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#TEK TekCapital PLC – Launch of Lucyd Lyte 2.0 Smart Eyewear
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group notes that Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), the developer and retailer of smart eyewear under the Lucyd®, Nautica® and Eddie Bauer® brands, has announced the launch of Lucyd Lyte 2.0, (“Lyte 2.0”) a major upgrade to its flagship Lucyd Lyte audio eyewear platform.
The new Lucyd Lyte 2.0 line brings several advances to the company’s core product and is available now, in any optical prescription, at Lucyd.co. The Company intends to introduce the product to optical and specialty retail chains worldwide. The Lyte 2.0 marks the culmination of years of R&D to realize the company’s mission to make smart eyewear more accessible, useful and stylish for the optical and sunglass markets. New features of the Lyte 2.0 are as follows below:
· A four-speaker array provides immersive open-ear audio, that matches the sound quality of traditional earbuds without obstructing your hearing. The new speaker system provides an enhanced mid-range and bass response compared to the previous Lucyd Lyte.
· Audio input is improved with the introduction of dual noise-cancelling microphones. The Lyte 2.0 is ideal for recording audio content such as podcasts and voice messages and improves the fidelity of phone calls and input for voice assistants like Siri® compared to most built-in smartphone microphones.
· The battery life of the glasses has been improved to 12 hours of music playback and call time per charge, a 50% uplift over the previous model.
· The collection boasts 15 trending eyewear styles crafted by an experienced eyewear design team. 10 styles are available now, with the remaining five in pre-order until their expected availability in March 2023.
· The collection includes optical frames designed specifically for women and petite heads, as part of the company’s initiative to develop smart eyewear for all head shapes and sizes.
· The power and pairing indicator LEDs have been moved to a more discreet location in the inner temple.
· Touch controls now give an audible signal whenever the user adjusts volume or uses the other button functions, such as activating the voice assistant.
· Two new custom hinge types to enable a stronger, more aesthetically pleasing connection from the frontplate to the smart temple.
· Strength of the magnetic charging connection is improved, and the new collection is backwards compatible with the existing Lucyd Dock charger introduced with the original Lyte.
· The glasses use Bluetooth 5.2, providing improved connection stability over the previous 5.1 model.
· The glasses are offered with a new selection of over 20 custom lenses on Lucyd.co, now including gradient sunglasses and the latest cutting-edge Transitions® XTRActive Polarized and Signature Colors lenses.
· All of these features are added whilst maintaining price parity with traditional eyeglasses.
“Simply put, we believe there is no smart eyewear on the market that is as bold, beautiful and functional as the Lucyd Lyte 2.0,” says Harrison Gross, CEO of Innovative Eyewear. “We are in a unique place in history, where time-tested devices like the wristwatch and eyeglasses are being reimagined as onramps into our digital lives. I am grateful and amazed that my team was able to develop smart eyewear that truly delivers on the promise of wearables to make many forms of data and mobile computing easier to access, more natural and seamless. Unlike many companies that produce smart eyewear alongside dozens or hundreds of other products, we are singularly focused on this emerging category to make it useful and exciting for the consumer. I encourage everyone to upgrade their eyewear® with the Lyte 2.0, to see and hear the difference that years of thoughtful and rigorous development on a single core concept can make.”
Watch a video of the new glasses here.
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of cutting-edge smart eyewear, under the Lucyd®, Nautica® & Eddie Bauer® brands. True to our mission to Upgrade Your Eyewear®, our Bluetooth audio glasses allow users to stay safely and ergonomically connected to their digital lives, and are offered in hundreds of frame and lens combinations to meet the needs of the optical market. To learn more and explore our continuously evolving collection of smart eyewear, please visit www.lucyd.co.
Tekcapital currently owns 5,189,086 shares (approximately 71%) of Innovative Eyewear, Inc.
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Photos and images courtesy of Innovative Eyewear Inc.
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications |
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+44 (0) 20 7129 1474 |
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Tim Thompson/Andrea Seymour/Fergus Mellon |
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About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital, Innovative Eyewear Inc. or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Other than as required by relevant regulation or law, neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
Alan Green discusses news from Aquis, Castillo Copper & Airtel Africa
Alan Green discusses news from Aquis, Castillo Copper & Airtel Africa