RNS Hotlist: Alien Metals, Audioboom, Chariot, East Star, Mobile Streams, Powerhouse Energy, Red Rock

Zak Mir
Traders Cafe
07:45, 4th February 2022

Mobile Streams (MOS) international rollout continues apace, as it announced it will be launching new services in India in partnership with Vodafone India (Vi) during the first quarter of 2022. The Company intends to launch gaming, esports and Metaverse services via its own App to Vodafone India's over 273 million customers. The service will be delivered via an App on the Google App Store in India and will enable customers to pay directly from their Vodafone bill via their Google wallet. Initial games will be available by the end of first quarter subject to approval from the Google play store.   

Alien Metals (UFO), a global minerals exploration and development company, updated the market on its high-grade Hancock iron ore project in the Pilbara Region of Western Australia. The company said it has continued to fast track this project. It said the high-grade nature of these results demonstrate the quality of the project and continue to give it confidence in the planning and development process.

Chariot (CHAR), the African focused energy company, announced the signing of a Memorandum of Understanding with Tharisa (THS), the platinum group metals and chrome producer, to develop, finance, construct, own, operate and maintain a solar photovoltaic (PV) project for the supply of electricity to the Tharisa mine, in the North West Province, South Africa. The solar PV project is initially anticipated to be 40 MWp with demand expected to increase over the life of the Tharisa Mine.

Red Rock Resources (RRR), a natural resource development company with interests in gold and base metals, principally in Africa and Australia revealed an asset review and current developments. The company said it has completed drill programmes in Kenya and the Congo, and already has the raw results returned from the laboratory in the case of Congo and expect them imminently in the case of Kenya. The results will be key near-term milestones. The joint venture with Power Metal Resources (POW) is “making good progress.”

Audioboom (BOOM), the global podcast company, announced that, on 3 February, Stuart Last, CEO of the Company, exercised options over 25,000 shares. He subsequently sold 20,000 Ordinary Shares at an average price of 1,722.0705p, and retained 5,000 shares. As a result, Stuart Last's holding of shares in the Company has increased to 27,417 shares, representing approximately 0.17 per cent of BOOM.  He also holds options to subscribe for a further 252,000 shares.

Powerhouse Energy Group (PHE), the UK technology company commercialising hydrogen production from plastic, announced that that it has appointed Russell Ward and Hugh McAlister as Non-Executive Directors with immediate effect. Ward was the chief executive office of Motherwell Bridge Limited, a global engineering group where he led the turnaround of the business, selling it to Cape Plc in 2014. McAlister is famous in City circles as executive chairman of Novum Securities Limited since 2018, having been its Chief Executive Officer for the previous nine years.

East Star Resources (EST), the Kazakhstan-focused gold and copper explorer, announced the award of a diamond drilling contract to IG Copper and Gold Kazakhstan for 5,000 metres of drilling this year focused initially on the Apmintas and Dalny Licences in the Chu-Ili orogenic gold belt of central Kazakhstan. IGKZ is a wholly owned subsidiary of IG Global Group (IGG), which has projects and clients in the United States, the Russian Far East, and Kazakhstan.

 

 

 

 

 

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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