Hybridan Small Cap Feast 20/10/22

Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Ithaca Energy, a UK independent exploration and production company focused on the UK North Sea, intends to join the Premium Segment of the Main Market. Ithaca Energy is one of the largest independent oil and gas companies in the UKCS, ranking 2nd by resources and 3rd by production. During the six months ended 30 June 2022, Ithaca Energy's average daily production (oil and gas) on a net working interest bas

SP Angel Morning View: US approves $2.8bn in grants to boost domestic battery supply chain

Anglesey Mining (AYM LN) – Final drilling results from 2022 campaign at Parys Mountain Amaroq Minerals (AMRQ LN) – £30m fundraising Atlantic Lithium* (ALL LN) – Latest drill results continue to extend known mineralisation at Ewoyaa Centamin (CEY LN) – Strong quarterly performance at Sukari keeps production and cost guidance intact and passes 5moz of production milestone Greatland Gold (GGP LN) – Grant funding for exploration drilling in the Yilgarn, WA KEFI Gold and Copper* (KEFI LN) – Tulu

SP Angel Morning View: US$ jumps as risk appetite pulls back after Russia declares partial mobilisation

BlueRock Diamonds* (BRD LN) – FD steps down Empire Metals* (EEE LN) – AEM survey completed at Pitfield Galantas Gold* (GAL LN) – BUY – TP:54p – Positioned for growth - CLICK FOR INITIATION NOTE Savannah Resources* (SAV LN) – BUY – EIA review update Strategic Minerals* (SML LN) – Interims highlight good control on costs and progress at development projects

SP Angel Morning View: Metals pull back on US dollar gains as hotter than expected CPI

Bluejay Mining* (JAY LN) – Kangerluarsuk survey hones in on most promising zinc, lead, sliver targets for drilling BlueRock Diamonds* (BRD LN) – Victor Dingle takes over as CEO. Rob Croll becomes new non-executive Chairman Central Asia Metals (CAML LN) – Earnings climb on stronger base metal prices and depreciation in Tenge and Denar Empire Metals* (EEE LN) – Interims highlight transformative portfolio expansion KEFI Gold and Copper* (KEFI LN) – Jibal Qutman adjacent exploration licenses sec

SP Angel Morning View: Base metals bounce as sentiment improves on Russian gas supply restarts to Europe

Allkem (AKE AU) – Record production and revenues in FY22 reported amid strong demand for lithium AfriTin Mining (ATM LN) – Infill drilling results from the Uis mine Antofagasta (ANTO LN) – Revised production and cost guidance Botswana Diamonds (BOD LN) – Increased holding in Maibwe joint-venture, Botswana Centamin (CEY LN) – Q2 operational performance keeps Sukari on track to meet 2022 guidance Leo Lithium (LLL AU) – $40m debt facility agreed with Ganfeng Strategic Minerals* (SML LN) – Co

SP Angel Morning View: Nickel price jump lifts copper on new sanctions

Amur Minerals* (AMC LN) – Annual results highlight strong cash position amid continued M&A effort Arkle Resources* (ARK LN) – 2021 Results discuss Irish exploration and overseas aspirations Aura Energy* (AURA LN) – Appointment of engineers for the Tiris uranium project BeMetals* (BMET CN) – Drilling underway at Pangeni, Zambia Cornish Metals* (CUSN LN) – Valuation 48p/s – Drilling results from United Downs Goldstone Resources* (GRL LN) – Final results highlight transition from explorer and

SP Angel Morning View: Risk sentiment wanes on new lockdowns in Shanghai and ahead of US inflation data

AEX Gold (AEXG LN) – AEX joint ventures non-gold assets in Greenland with ACAM Bluejay Mining* (JAY LN) – AEX joint venture raises interest in critical materials in Greenland Pensana (PRE LN) – Pensana IP to remove radionuclides from rare earth concentrates before export from Angola Strategic Minerals* (SML LN) – Annual result show healthy magnetite sales at Cobre Sovereign Metals (SVML LN) – Graphite product analysis for Kasiya project

SP Angel Morning View: Base metals continue to rise as high energy prices disrupt production

Atlantic Lithium* (ALL LN) – Board changes for development phase of Ewoyaa Kore Potash* (KP2 LN) – Quarterly update highlights completion the Kola Optimisation Study Scotgold Resources* (SGZ LN) – BUY, 154p - Production slightly lags guidance in Q1 but starts to pick up on higher processed grades Strategic Minerals* (SML LN) – Cobre sales to help support ongoing work at Redmoor in Cornwall and Leigh Creek copper mine in Australia

Hybridan Small Cap Feast 21/04/22

What’s cooking in the IPO kitchen? Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketing agencies, Production studios and visual content prov

SP Angel Morning View: Gold rangebound as US real rates briefly turn positive

All Star Minerals* (ASMO PZ) – Blesberg lithium and Nkombwa rare earth phosphate project investments Anglo American (AAL LN) – Full-year guidance lowered due to heavy rainfall in Q1 Cornish Metals* (CUSN LN) FLASHNOTE - South Crofty's feasibility funding valuation Gem Diamonds (GEMD LN) – Quarterly sales climb on a recovering market Jangada Mines (JAN LN) - AVOID – Technical report raises questions over assumptions Strategic Minerals* (SML LN) – 10-year exploration license extension at Red

SP Angel Morning View: Metals remain volatile as Ukraine disrupts trade flows

Cornish Metals* (CUSN LN) – Vision Blue Commits £25m as part of £40.5m funding for South Crofty tin project Phoenix Copper* (PXC LN) – Strengthening links with its host community in Idaho PureGold (PUR LN) – 2022 operational improvements listed and ~$50m funding gap flagged Rio Tinto (RIO LN) – Guinea's ruling junta reaches deal with miners to resume Simandou mine development Strategic Minerals* (SML LN) – Continuing long-term access to Cobre secured

SP Angel Morning View: Metals make unexpected gains ahead of China New Year

Amur Minerals* (AMC LN) – Kun Manie potential sale discussions Bushveld Minerals* (BMN LN) – Vanchem to lead expansion in vanadium production Empire Metals* (EEE LN) – Consolidation of Mineralised Footprint Around Eclipse Project Europa Metals Limited (EUZ LN) – H1 2022 work plan for Toral project Power Metal Resources* (POW LN) – Diamond drill programme commences at Haneti Strategic Minerals* (SML LN) – Cobre magnetite sales

SP Angel Morning View: Global markets falter on hawkish Fed minutes

Atalaya Mining (ATYM LN) – Electrochemical metal extraction process for Proyecto Riotinto Culpeo Minerals* (CPO AU) – Interest in Petacas Copper project increased to 66% Glencore (GLEN LN) – Sale of the Ernest Henry mine KEFI Gold and Copper* (KEFI LN) - Hawiah mineral resource increase Strategic Minerals* (SML LN) – Revised PEPR submission for the Leigh Creek Copper Mine

LIBERUM: Sylvania Platinum* - Raising guidance on strong half

Alkaid #2 test - follow-on potential project economics

Chariot Limited (AIM: CHAR): Bringing water desalination capabilities in house is important for the green hydrogen business

• Chariot is acquiring ENEO Water PTE for US$0.5-1.0 mm in Chariot shares. • ENEO utilises an efficient, modular and scalable reverse osmosis technology that can be entirely powered by solar energy to produce desalinated water. ENEO is developing a proof of concept at a windfarm on the Red Sea in Djibouti that is under construction and is intended to provide local communities with access to potable water for the next 20 years. The capex of the project is very small (a few hundred thousand US dol

SHORE CAPITAL - SAVANNAH ENERGY+ (SAVE, Suspended, Under Review) - Sylvie Rucar appointed as independent NED

Cadence Minerals - Developing Amapá iron ore mine and strategic new technology metal interests

Cadence has secured a 30% stake in the Amapá iron ore mine, Brazil, for $9.3m, a project valued by Anglo American in 2012 at over $600m. With established infrastructure, Amapá is a company-making opportunity. Cadence has recently published a PFS on Amapá, which highlights the obvious value in the project. With equity interests in European Metals Holdings (Cinovec lithium-tin project in Czech Republic), Hastings Technology Metals (Yangibana REE project in Australia) and Evergreen (lithi

Union Jack Oil (UJO LN) - Wressle update

Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved US$13m of cumulative net revenues from the field since mid-August 2021, from US$12m as of early January 2023. The field continues to produce under natural flow and with zero water cut (most recently reported at a gross rate of 825-850bbl/d, and with current production described as being at “record” levels). These Wressle revenues continue to help

FY22 Trading Update

Diversified Energy has released a positive FY22 Trading Update and we increase our EBITDA forecasts by +3% in FY22 and 2023.

Record production achieved in trying circumstances

Higher production at Vanchem coupled with another stable year at Vametco saw Bushveld deliver record annual vanadium production in 2022, though the adverse impact of electricity load shedding on the ramp up of Vanchem meant that the full-year total narrowly missed the group’s target. We still anticipate a return to positive EBITDA for 2022 and further earnings growth this year as Vanchem continues to gather pace. However, evidence of positive progress on load-shedding mitigation measures at Vanc

Arrow Exploration Corp. (AIM: AXL): High 3Q22 production in Colombia and US$4 mm free cashflow

• 3Q23 production of 1,503 boe/d was above our expectation of 1,262 boe/d on higher production at Rio Cravo (860 bbbl/d) and Ombu (215 bbl/d). This suggests a continued strong performance of the RCE-2 well. • Corporate production in November has ranged between 1,900-2,000 boe/d with current net production of 887 bbl/d at Rio Cravo (up from 760 bbl/d on 01 November). While the RCS-1 well is still cleaning up, the newly perforated C-7A zone is already adding 165 bbl/d net (330 bbl/d gross) produc

Enhancing Ewoyaa: to extend or expand?

This Week's AIM Highlights 20th January 2023

IOG (IOG LN) - Southwark update – flow rate not improved

Flow rates from Southwark A2 continue to be poor. IOG has released an update on activities at its Southwark A2 well. In mid-January, IOG reported initial stabilised flow test rates from its Southwark A2 well of 4.2mmcf/d gross of gas and also 1.6mbbld/d of water. This gas rate was not likely to be commercial. The company has since progressed a programme to isolate several of the producing zones, aiming to achieve higher gas flow rates and lower water cut. This programme has now been completed, a

LIBERUM: Atlantic Lithium* - Latest resources in-line; valuation upped to 57p on higher throughput

IOG (IOG LN) - Trading update

IOG has released a trading update. This reports that operations at the Southwark A2 development well continue, with new plans to isolate three of the six stimulated zones, reperforate two other zones and then flow test the well again. IOG reported last week a disappointing 4.2mmcf/d maximum gross flow rate achieved at A2, and we would hope to see a much higher number, perhaps over 20mmcf/d based on original expectations, once the remediations are in place. The experience on A2 is also being used

Royston appraisal drilling operations start