Roast News Service - RNS - Tuesday 25th June 2024 #GMET #KIBO #SOU #HEX #PPS #HUI #TRAK #RENX #CTL #MARU #ART #BRES #KOD Golden Metal Resources plc (LSE:GMET), soon to be renamed Guardian Metal Resources plc, is making significant progress at its 100% owned Pilot Mountain Project in Nevada, USA. Located in the Walker Lane Mineral Belt, the project's current 2,000-meter drilling program has completed 547.6 meters with two core drill holes. The first hole, PM24-001, drilled in the Desert Scheelite zone, exhibited strong scheelite mineralization and skarn alteration over substantial intervals, suggesting potential expansion of the deposit. The second hole, PM24-002, represents the first exploration of the Porphyry South target and revealed a mineralized quartz monzonite porphyry system, hinting at a significant porphyry discovery. Both holes have provided promising visual results, with assays pending. CEO Oliver Friesen expressed optimism about the results, emphasizing the transition from geophysical concepts to geological confirmation, which bolsters confidence in other target areas. Further expert analysis and drilling are planned to explore these findings more comprehensively.@GuardianMetRes Kibo Energy PLC (LSE:KIBO), a renewable energy development company, has announced that their financial statements for 2023 will not meet the June 30, 2024 publication deadline required by AIM Rules, with an expected delay until late July or early August. Consequently, trading of the company's shares on the AIM will be suspended from July 1, 2024. Additionally, the company updated its share placement strategy, stating that the first tranche of 2,400,000,000 ordinary shares will be admitted to trading on June 27, 2024, with the second tranche of 1,000,000,000 to be admitted once trading resumes.@KiboEnergy Sound Energy (LSE:SOU), a transition energy company, has successfully completed the planned work over operations on the TE-6 and TE-7 gas wells at Tendrara, using the Star Valley Rig 101. This operation was part of the preparations for long-term gas production intended for the micro LNG plant under construction at the site by Italfluid Geoenergy S.r.l. The company achieved this milestone safely and efficiently, with no recordable incidents, and acknowledged the dedication of its contractors, suppliers, and the continued support from the Office National des Hydrocarbures et des Mines (ONHYM). Sound Energy has already installed new corrosion-resistant tubing in TE-6, making it operational for the upcoming commissioning of the micro LNG plant. Meanwhile, the rig is temporarily stored at the TE-7 site at no additional cost as the company awaits further equipment to complete similar upgrades on TE-7. Further updates will follow as developments occur.@soundenergyplc Helix Exploration (LSE:HEX), a helium exploration and development company operating within the 'Montana Helium Fairway', has reported its unaudited interim results for the first six months ending March 31, 2024. This marks the company's first interim report following its successful IPO on the AIM market of the London Stock Exchange on April 9, 2024. The company is gearing up for early production at the Ingomar Project, with drilling set to commence in Q3 2024. Helix also recently acquired the Rudyard Project, a significant helium discovery with 480 million cubic feet of Contingent Resources, for just $250,000—mostly paid in shares. The company anticipates robust economic returns from the Ingomar Dome Project, projecting a net revenue of $605.6 million over a 29-year lifespan, with drilling and further project developments continuing throughout the year. Helix is committed to maintaining open communication with its investors as it advances towards its target of initial helium production by the end of 2025.@HelixExp Proton Motor Power Systems plc (AIM:PPS), a developer of zero-carbon footprint fuel cells and hybrid systems, has announced a repeat order from DB Bahnbau Gruppe, a Deutsche Bahn AG subsidiary. This order, for another hydrogen fuel cell emergency power system under the EnerRail H024 brand with a 24 kW output, mirrors a previous order delivered on May 16, 2024. This marks the 25th system ordered by DB Bahnbau Gruppe since their cooperation began in 2015. The new system will be installed at the same railway control center in the Berlin area as the previously delivered system, with both systems capable of operating independently to provide a total power output of 48 kW. Proton Motor’s CEO, Dr. Faiz Nahab, expressed satisfaction with the ongoing partnership and the company’s contribution to Deutsche Bahn's net-zero transformation through their zero-emission solutions.@ProtonMotor Hydrogen Utopia International PLC (LSE:HUI), a company specializing in converting non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, has announced a shift in its acquisition strategy. The planned acquisition of the entire issued share capital of Essential Energy Holding Corp. will not proceed for commercial reasons, as mutually decided by both parties. However, HUI confirms the acquisition of 49% of Ohrid Organics Limited is going forward. This strategic move aligns with HUI's vision to be a leader in producing sustainable energy solutions. Further updates will be provided as necessary. HUI continues to explore opportunities where its technology can convert waste to valuable energy resources, benefiting from the increasing demand for alternative energy sources amid rising fossil fuel prices.@HydrogenUtopia Trakm8 Holdings plc (AIM:TRAK), a leader in telematics and data insight solutions, announces new developments in its partnership with Iceland Foods. Trakm8 has secured both a new contract to enhance the Iceland Scheduler home delivery solution and an extension of their existing contract until March 31, 2028. The new contract involves developing additional features for the Iceland Scheduler, utilizing Trakm8's Insight AI Optimisation platform. This enhancement follows the system’s significant success, including being named Delivery Solution of the Year at the Retail Systems Awards. Since its launch in Autumn 2023, the Iceland Scheduler has enabled operational improvements and increased delivery slot availability for customers. John Watkins, Executive Chairman of Trakm8, expressed enthusiasm for continuing and expanding their decade-long collaboration with Iceland Foods.@Trakm8 Renalytix plc (LSE:RENX) is facing a potential delisting from the Nasdaq Global Market after failing to meet certain listing requirements. On December 22, 2023, Renalytix received notices from Nasdaq's Listing Qualifications Department for not maintaining a minimum bid price of $1.00 per American Depositary Share (ADS) and a minimum market value of listed securities of $50 million. Despite a compliance period extended until June 19, 2024, the company was unable to meet these conditions. As of June 21, 2024, Nasdaq has formally notified Renalytix that it did not regain compliance. The company plans to appeal this decision before a Nasdaq Hearings Panel by June 28, 2024, to prevent the suspension of trading scheduled for July 2, 2024. During the appeal process, Renalytix's ADSs will continue to trade on Nasdaq under the symbol "RNLX," and the company will present a strategic plan to address the compliance issues. However, there is no guarantee that the plan will be accepted or that compliance will be achieved, and failure could significantly impact the trading and value of Renalytix's securities as well as its ability to raise capital.@Renalytix CleanTech Lithium PLC (AIM:CTL), a leader in sustainable lithium project development in Chile, has announced its submission of Expressions of Interest (RFIs) for five lithium projects, including two of its advanced projects, Laguna Verde and newly renamed Viento Andino (formerly Francisco Basin). These submissions are part of the process required to secure a Special Lithium Operating Contract (CEOL) from the Chilean Government, aligning with the updated CEOL application procedures under the National Lithium Strategy. The RFIs, submitted before the June 17, 2024 deadline, also include three projects in partnership, details of which remain confidential. This strategic step demonstrates CTL's commitment to leveraging Direct Lithium Extraction technology and maintaining strong community relations, which are crucial for advancing these projects subject to environmental reviews. The Chilean Government is expected to provide updates on the RFI process by July 9, 2024, which will determine the next steps towards awarding CEOLs. This milestone is essential for CTL to continue attracting investments and contributing to the global supply of sustainable lithium. Marula Mining (AQSE:MARU), an African-focused mining and development company, has partnered with Scan Global Logistics Kenya Limited (SGL Kenya) to manage the export logistics of manganese ore from the Larisoro Manganese Mine in Samburu County, Kenya. This comprehensive agreement covers the entire export process, including transportation, loading, customs clearance, and shipping arrangements from Nairobi to the port of Mombasa. Additionally, Marula Mining has secured a KES 12.5 million (approximately US$100,000) line of credit from SGL Kenya to support operational costs and working capital. This logistics partnership, set to commence by the end of June 2024, is part of Marula Mining's broader strategy to enhance efficiency and expand its market reach, complementing three other key operating contracts announced in May 2024 for ore transportation to Nairobi.@MarulaPlc The Artisanal Spirits Company (LSE:ART), known for its exquisite, limited-edition whiskies and owner of The Scotch Malt Whisky Society (SMWS), Single Cask Nation, and J.G. Thomson, has been globally recognized for the superior quality of its spirits. In an impressive showing, SMWS garnered a record six Gold and one Silver medal at the International Spirits Challenge and topped that with notable achievements at the Scotch Whisky Masters 2024, securing eight medals. In the US, they excelled at the San Francisco World Spirits Competition with multiple awards and clinched the title of 2024 Independent Bottler of the Year at the New York International Spirits Competition. Additionally, their recent acquisition, Single Cask Nation, was also named 2024 Independent Bottler of the Year by World of Whiskies and received accolades at the San Francisco World Spirits Competition. CEO Andrew Dane highlighted the significant accomplishments across their brands, attributing their success to the team’s dedication and the distinctive quality of their whiskies, emphasizing their commitment to delivering unique whisky experiences globally.@ArtisanalSpirit Blencowe Resources Plc (LSE:BRES), in partnership with Jilin New Technology Graphite Co., is finalizing the processing of a 600-tonne bulk sample of graphite from its Orom-Cross project in Uganda, at Jilin's facilities in China. This step bypasses the need for a pilot processing plant at the site, accelerating product qualification. The processing is expected to yield about 30 tonnes of high-purity graphite concentrate, with around 10 tonnes further refined to 99.95% uncoated spheronised purified graphite (SPG), a battery-ready product. These results will soon be available for testing by potential tier-1 offtake partners, following excellent yields and recoveries that highlight the Orom-Cross graphite's strong characteristics. The success of this large-scale testing supports Blencowe's ongoing definitive feasibility study (DFS) and enhances its prospects for securing additional offtake agreements, particularly for its high-purity graphite suited for electric vehicle batteries.@BlencoweRes Kodal Minerals (LSE:KOD) has announced encouraging initial results from its recent drilling at the Boumou prospect in the Bougouni Lithium Project, Mali. The reverse circulation (RC) drillings conducted in April and May 2024 aimed to expand the strike and depth of zones identified in earlier 2023 sessions, contributing to a Mineral Resource estimate of 13.1 million tonnes at 1.04% Li2O. These latest drills yielded high-grade lithium intersections within spodumene-rich veins, including notable lengths of 52 meters at 1.51% Li2O and 66 meters at 1.26% Li2O. With 18 drill holes spanning 3,234 meters and 2,129 samples analyzed (60% of the 2024 program), the findings suggest significant expansion potential. The pegmatite bodies now extend over 970 meters, remaining open for further exploration. CEO Bernard Aylward is optimistic about the potential to define additional valuable mineralization, enhancing the life of the Ngoualana DMS plant and furthering development plans including metallurgical testing and open pit optimization at Boumou and adjacent prospects.@KodalMinerals DAILY ROUNDUP Pre-Market Open London's FTSE 100 is poised to open modestly higher on Tuesday, managing to shrug off overnight declines in US tech stocks. According to IG, futures predict the FTSE 100 will start the day up by 6.7 points, or 0.1%, at 8,288.25, after finishing Monday up 43.83 points at 8,281.55. Meanwhile, international markets showed mixed results; the Dow Jones gained 0.7%, but the S&P 500 dropped 0.3% and the Nasdaq Composite fell 1.1%. In Asia, the Shanghai Composite was slightly down by 0.1%, whereas the Hang Seng increased by 0.6% and the Nikkei 225 rose by 0.8%. Australia's S&P/ASX 200 climbed 1.2%. Mary Daly, a senior Federal Reserve official, warned that the US labor market might pose challenges ahead, potentially leading to higher unemployment despite maintaining low levels historically. The pound was trading slightly higher against the dollar early Tuesday, while the euro also saw a modest increase. Brent oil prices were up slightly, and gold dropped in value. The day's agenda includes a US consumer confidence report and annual results from Warehouse REIT.

.@ProtonMotor has secured a follow-up order from DB Bahnbau Gruppe for a complete #hydrogen fuel cell emergency power system-- #HydrogenNow #H2 #Decarbonise #ZeroEmissions

.@ProtonMotor unveils hydrogen-powered, uninterruptible, and #emissionfree emergency power systems, revolutionizing generator projects-- #HydrogenNow #FuelCells #H2 #Decarbonise #ZeroEmissions

Shortly after the announcement of the handover of the “HyCabinet S24” product to DB Bahnbau Gruppe, which is being developed for installation in a railway control centre in the greater Berlin area, @ProtonMotor has also received its first follow-up order

Kurz nach der Bekanntgabe der Übergabe des „HyCabinet S24“-Produkts an „DB Bahnbau Gruppe GmbH“, das zur Installation in einer Bahnleitstelle im Großraum Berlin entwickelt ist, hat @ProtonMotor zudem von der „H2tec AG“ die erste Folgebestellung erhalten.

.@ProtonMotor Systems Receives Follow-Up #FuelCell Order from H2tec AG 🇨🇭 for a HyCabinet S16 with integrated master controller and voltage distribution-- #FuelCells #HydrogenNow #H2 #Cleantech #decarbonise

Wasserstoff-Brennstoffzellen leisten nachhaltigen Beitrag für Klimaschutz und Energiewende via @ProtonMotor #PPS #RenewableEnergy #energiewende #EnergyStorage #EnergyTransition #energy #AlternativeEnergy

Hydrogen Fuel Cells Make a Sustainable Contribution to Climate Protection and Energy Transition via @ProtonMotor #PPS #RenewableEnergy #energiewende #EnergyStorage #EnergyTransition #energy #AlternativeEnergy

.@ProtonMotor has successfully delivered a #hydrogen fuel cell emergency power system to @DB_Bahn, completing the follow-on order and gaining operational approval-- #HydrogenNow #FuelCells #CleanEnergy #H2