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Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company.

Here’s a summary of the discussion:






Financial Status and Fundraising:

The company is actively developing multiple projects with different timelines and needs. Although funding is controlled and economically managed, future fundraising is likely as developmental needs arise.



Projects in Pakistan:

Oracle Power is deeply involved in discussions with local investors, the Pakistani government, and Chinese state-owned enterprises (like Power China) about developments in Pakistan. Despite the lack of frequent updates from Oracle, the company remains actively engaged in significant partnerships and dialogues in the region.



Realizing Shareholder Value:

The potential value from projects is expected to translate into significant market value. Oracle Power aims to divest interests at advantageous stages of project development, specifically noting a potential 20% stake in the green hydrogen project in the northern zone. The realization of shareholder value is contingent on increasing the probability of success across their projects, which they are diligently working to enhance.



Share Price Volatility and Valuation:

The CEO acknowledges the stock's recent volatility, with significant swings in its price, and the perception of a 10 pence valuation mentioned in the past. She explains that the share price movements are partially influenced by market sentiment and expectations formed based on news about the company's developments. She emphasizes the necessity of the company’s involvement in multiple projects, each with different timelines, affecting market perceptions and resulting in fluctuating prices.



Improving Market Confidence:

To enhance confidence among market participants, Oracle Power aims to improve its communication strategies. However, regulatory and compliance constraints require careful and verified communication to avoid misrepresentations. The CEO stresses the importance of a solid strategy and transparent updates about ongoing development work to foster market trust.



Cash Generation and Strategic Projects:

Regarding cash generation, the CEO clarifies that Oracle Power isn't in an operational phase that generates regular revenue but is focused on realizing value through strategic investments and exits. Specifically, the Northern Zone project, a smaller initiative, is highlighted as potentially being the first to generate returns. This project is nearing a joint venture agreement that could make Oracle a 20% shareholder in a gold resource, expecting tangible outcomes within the year.



In the concluding portion of the Oracle Power Q&A, the CEO, Naheed Memon, discusses two significant projects and their potential to deliver value to shareholders:






Green Hydrogen Project:

The Green Hydrogen project has progressed rapidly and updates have been shared with the market. Despite owning only 30% of this very large project, the impact and potential returns from even a small stake are substantial. The CEO expresses optimism about the project's progress and its near-term potential to return value.



Project Completion and Future Expectations:

In closing, the CEO emphasizes the swift advancement of the Green Hydrogen project and the Northern Zone gold resource project. She highlights the potential for these projects to generate significant returns soon, enhancing shareholder value.



Overall, the discussion reflects Oracle Power's strategic focus on developing large-scale projects with substantial future returns and their commitment to improving communication and market confidence. The CEO's perspective is optimistic regarding the upcoming returns from their investments, particularly from the Northern Zone and Green Hydrogen projects.

Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates water leak claims for home insurers, announced that its performance for the fiscal year ending March 31 met expectations.

The company informed investors that it concluded the period with £400,000 in cash and an equivalent amount in accounts receivable that was collected shortly thereafter.

Ondo reported notable international expansion, especially with significant progress in the US market, marked by the initiation of partnerships in four states.

The company has established collaborations with Nationwide in Ohio, Selective in New Jersey, Mutual of Enumclaw in Washington, and Pure Underwriting in New York, all of which have received favourable responses from insurers and customers alike.

These successful introductions have bolstered confidence among Ondo’s management about the potential for further expansion into additional states and establishing more partnerships throughout the year.

"The positive feedback and results from our recent launches in the US are very promising and highlight the strong future for our company as we continue to expand in the US," stated CEO Craig Foster.

In Europe, with a focus on the Nordic countries, Ondo is further solidifying its market presence. The company has renewed its contract with LB Forsikring and is pushing forward with new initiatives in Denmark and Sweden. Additional growth is anticipated in the UK and Nordic areas as the year unfolds.

In the UK, the deployment of Ondo's LeakBot technology has increased significantly following a substantial contract with South-West Water, which ordered 6,000 units in February. To date, 1,800 LeakBots have been installed, with full completion of this order expected by the end of May.

https://www.share-talk.com/ondo-insurtech-on-track-lon-ondo-ceo-craig-foster-talks-to-zaks-traders-cafe/

Zak Mir talks to Jason Brewer, CEO of Marula Mining, regarding the latest developments at the African-focused mining and development company, running through the portfolio and its prospects.

Here’s a summary of the key points:






Company Overview: Marula Mining is focused on battery metals, with several projects across different minerals. Jason Brewer provides an update on the current state and future plans of the company.




Lithium Mining: The company operates a lithium mine in South Africa and has secured a long-term off-take agreement with a UK-based global trading group, Fuex. This agreement covers the sale of lithium ore and value-added lithium products.




Byproduct Sales: Brewer mentions finalizing off-take agreements for byproducts like coltan, tantalum, and feldspar, which he says will more than offset the operating costs of their lithium business.




Manganese Mine Acquisition: The recent acquisition of a manganese mine in Kenya is discussed. Upgrades to the plant and equipment are planned, with production and sales expected to start soon, impacting the bottom line positively.




Graphite Mining in Tanzania: Marula is advancing a graphite mining project in Tanzania, characterized by high-grade, large flake deposits. The company aims to develop this into a high-value, high-margin graphite mine.




Market Performance and Investor Sentiment: Despite significant milestones and developments, Marula’s stock is described as being in a holding pattern. Brewer expresses frustration with the current share price levels and discusses the market’s hesitancy to value the company more highly due to multiple active projects and the complexity of their portfolio.




Management and Strategy: The CEO emphasizes the competence of the management team and their strategic focus on developing mines and generating cash flow. He also notes the backing from significant investors who see the potential in Marula Mining as part of larger energy transition initiatives.




The interview highlights Marula Mining’s strategic advancements and challenges in a bearish market, focusing on diversification and development of battery metals essential for modern technologies.

Zak Mir talks to Ryan Mee, CEO of Fulcrum Metals, as the company focused on mineral exploration and development in Canada, announces that it has entered into a non-binding Letter of Intent with Terra Balcanica Resources Corp. (CNSX: TERA).

Pursuant to the LOI, Terra, through an Option Agreement, will be granted the option to acquire a 100% interest in Fulcrum's uranium projects located in Saskatchewan, Canada.

Here's a summary of the interview with Ryan Mee, CEO of Fulcrum Metals:






Interviewee: Ryan Mee, CEO of Fulcrum Metals.

Focus: Discussing the company's strategy and developments in mineral exploration and development in Canada.

Uranium Portfolio: Fulcrum Metals had a strategy focused on uranium, involving research, acquisition, and staking of areas. They achieved good uranium grades from their first pass exploration.

Asset Disposal: Announcing the intention to dispose of their uranium assets, which is seen as a typical move for an exploration company that has proven its strategy and execution capabilities.

Creating Returns for Investors: Emphasizing the objective of creating a return for investors and providing upside opportunity.

Rapid Progress: Since listing in February 2023, Fulcrum Metals has quickly put together a portfolio and reached an agreement, showcasing the team's focus.

Gold Acquisitions in Ontario: Acquired assets in the gold space in Ontario, Canada - one of the premium gold-producing jurisdictions worldwide.

Exploration Success: Achieved good gold grade results at Big Bear, identified drill targets at Bredtul for resource expansion, and acquired the Tech-H's gold tailings project in Timmins.

Strategy: Focusing on acquiring assets, proving them up, and selling non-core assets. Aim to bring low discovery risk assets with near-term cash generative opportunities.

Market Sentiment: Acknowledging the need for the market to recognize the company's performance, especially given the high gold prices and uranium's market performance.

This summary captures the key points from Ryan Mee’s discussion about Fulcrum Metals' strategies, achievements, and future outlook in the mineral exploration and development sector.

It has been a while since we last spoke to Ben, the recent news was the preliminary interpretation for geophysical survey data on its property in Botswana’s Kalahari Copper Belt (“KCB”), from South Africa-based New Resolution Geophysics.

Ben Turney comments on Kavango's analysis of regional copper-silver deposits in the KCB. He notes the importance of basin and sub-basin structures, including basin margins and intravaginal highs, in sedimentary copper models. Turney expresses confidence in the company’s exploration program in the KCB, suggesting that their data points to the presence of a large-scale system capable of hosting significant copper-silver deposits. Plans for further ground geophysics and drilling later in the quarter are mentioned.

Key insights from this content include:






Focus: Recent geophysical survey data on Kavango Resources' property in the Kalahari Copper Belt (KCB) in Botswana.

Key Finding: A WSW-ENE trending ~9 milligal gravity high at Kara, under the Kara anticline.

Historic Drilling Data: Confirms the existence of lower D'Kar Formation in the mapped fold structures.

Analysis of Copper-Silver Deposits: Emphasis on the role of basin and sub-basin structures, including basin margins and intrabasinal highs in sedimentary copper models.

Company’s Confidence: Kavango believes their ground covers a large-scale system that could host significant copper-silver deposits.

Exploration Programme: The integration of different exploration data sets pointing to the potential for significant deposits.

Next Steps: Defining final target areas for ground geophysics and drilling planned later in the quarter.

Team’s Contribution: Acknowledgement of the Kavango team’s efforts in the exploration program.

Kavango Resources (LON: KAV) BOTS – Preliminary KCB Heliborne Geophysics Interp

Highlights

·    Helicopter-borne gravity has clearly defined a WSW-ENE trending ~9 milliGal gravity high (Kara) underlying the Kara Anticline.

·    Historic drilling by ENRG, from whom Kavango in 2023 acquired a 90% interest in 6 licences, confirms the existence of lower DKF in the fold structures recently mapped and noted pathfinder minerals, pyrite, sphalerite, and galena.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

“Based on its analysis of regional copper-silver deposits in the KCB, Kavango believes the configuration of basin and sub-basin structures, including basin margins and intra-basinal highs, plays a pivotal role in many sedimentary copper models.

We’re quietly confident our Kalahari Copper Belt exploration programme is going to deliver.

The different exploration data sets we’ve gathered appears to point in the same direction, namely that our ground covers the style of large-scale system that could host significant copper-silver deposits.

We are now defining final target areas to test with ground geophysics and then drilling a little later this quarter.

This is great work from the Kavango team. Thank you all.”

The NRG geophysical survey covered 2,374 line-km of helicopter heliborne Time Domain Electromagnetic (“EM”), Magnetic, and Gravity data (announced >>> 22 March 2024)

ECR Minerals plc (AIM: ECR), a company specializing in gold exploration and development in Australia, announced its successful fundraising of £585,000, pending Admission.

This was achieved through the issuance of 195,000,000 new ordinary shares, known as “Placing Shares,” at a rate of 0.30 pence per share (the “Placing Price”) in a process referred to as the “Placing.”

The Placing Price is set at roughly a 30% discount compared to the closing middle market price of 0.43 pence per Ordinary Share as of 13 March 2024, which was the last business day before this announcement was made.

The funds raised from the Placing will be strategically utilized to further develop ECR’s projects in Victoria and Queensland throughout 2024.

Here are the key points from the Interview:






Capital Raise Overview: ECR Minerals raised £585,000 through a placement at a discount to the recent trading price but at a premium compared to the last raise six months ago.

Use of Proceeds: The funds will be used to advance ECR’s projects in Victoria and Queensland, with specific plans to get back out in the field in Queensland at Lolworth and to conduct trenching and drilling activities.

Project Details and Goals: ECR aims to explore and develop its large land package in Victoria and Queensland, focusing on gold and antimony. The company has a goal of building a £20-30 million market cap business.

Operational Strategy: The company plans to utilize accumulated tax losses, potentially monetize non-core assets, and engage in strategic drilling campaigns to unlock value and increase the company’s valuation.

Market Position and Outlook: ECR Minerals is operating in a favorable market for gold, with gold prices currently strong. The company is also exploring opportunities in antimony, a critical metal with increasing demand.

Shareholder and Investor Relations: The company acknowledges short-term frustrations among shareholders but emphasizes its commitment to creating long-term value. Directors are being remunerated in shares, ensuring alignment with shareholder interests.

Future Prospects: ECR Minerals is confident in its ability to derisk its projects and create significant value, urging potential investors to consider the opportunity given the company’s strategic position and plans.


https://www.share-talk.com/ecr-minerals-mike-whitlow-and-andrew-scott-talk-585000-capital-raise/