RNS Hotlist: FireAngel, Future, Oberon, Thor Mining, Valereum, Wishbone
Given the way that in current market conditions even the most positive RNS stories struggle to make a positive share price impact, it may be worth noting yesterday’s news from Valereum (VLRM). The company said that “in response to market rumours” the Gibraltar-based technology group, said that it is formulating plans to launch a new global marketplace platform for Non-Fungible Tokens (NFTs). Full details of the Valereum NFT Marketplace, including its headquarters jurisdiction, will be announced in “due course.” Given the confidential nature of ongoing negotiations, key launch partners will also be announced at a later date. Shares of Valereum jumped around a quarter on the day.
The pace of news appears to be accelerating at Wishbone Gold (WSBN), who announced drilling is underway at the company's Red Setter Gold-Copper Project in the Patersons Range area in Western Australia. The first phase of the drilling contract is for 3,000m of drilling at Red Setter, with the second phase of the contract for a further 7,000m of drilling split between WSBN's Red Setter Project and the Company's Cottesloe Project to the south.
Thor Mining (THR) announced that the recently completed electromagnetic geophysics survey over the nickel gossan at the Krona Prospect identified a conductive anomaly at the Company's 100% owned Ragged Range Project, located in the Eastern Pilbara, Western Australia. The company said the target is modelled at around 100m below the surface, establishing it a clear drill target for the upcoming RC drilling program.
FireAngel (FA.), a developer and supplier of home safety products, announced that it has successfully delivered the second development milestone of its agreement with Techem Energy Services GmbH in connection with the new generation smoke alarm being developed primarily for the German market. The company said this opportunity has crystallised further with the successful delivery of the second milestone following the formal signing of DP2.
Oberon Investments (AQSE: OBE), the boutique investment management group, announced the payment of the first tranche of deferred consideration in relation to the acquisition of Smythe House Limited, first announced on 28 May 2021. The company said that after a “very successful” first year since acquisition, and the meeting of all required targets, the first tranche payment will comprise the issue of 1,063,717 new shares in Oberon plus £28,342 in cash.
Future (FUTR), the platform for specialist media, confirmed it has completed the acquisition of Who What Wear, a leading digital-only women's lifestyle publisher based in the US. The company said it has made an “encouraging” start to the second half, with “excellent” cash conversion and strong balance sheet. Future reconfirms it is on track to achieve full-year 2022 guidance.
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