Market Report: CMET, MET1, TAP, COIN, INC, OBE, ZPHR

Yesterday Capital Metals (CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka, announced its unaudited results for the six

Yesterday, Yesterday Capital Metals (CMET) (NASDAQ: CMET) announced its unaudited results for the six month period ended 30 September 2024.

The company’s focus on reducing Stage 1 capex whilst expediting cashflow has resulted in estimated capex falling by one-third to $20.9 million, with further optimisation opportunities identified for potential cost reductions.

Metals One (AIM: MET1) has announced that the Company’s Råna Project (nickel, copper, cobalt) partner and operator, Kingsrose Mining, has received all analytical results from the 2024 core drilling programme at the project, where a total of 706m was drilled across three holes at the Rånbogen prospect.

MET1 said it’s great to report that Kingsrose has identified yet another new zone of nickel-copper mineralisation at the Råna Project associated with an extensive conductive geophysical anomaly.

Tap Global Group (AQSE: TAP) has announced the introduction of its XTP token locking feature for UK customers following a comprehensive regulatory review.

This is further to the commercial agreement with Tap N Go that launched the XTP Cashback Programme, announced on 1 July 2024.

TAP said this enhancement to its product suite allows customers to demonstrate their long-term commitment to the Tap ecosystem while enjoying enhanced platform benefits.

Coinsilium Group Limited (AQSE: COIN) has provided a comprehensive update on its portfolio of Web3 investments, advisory services, and venture initiatives.

COIN said it was highly optimistic about the progress Otomato is making and its fast-track route to development.

As a project that is both timely and highly synergistic, Otomato is well-aligned with the accelerated pace of innovation within the Web3 and AI-driven automation sectors.

Incanthera (AQSE:INC) has presented its interim results for the six months ended 30 September 2024.

INC said that following the period end, the Company announced on 26 November 2024 that it had received unsupported allegations from a third party, concerning a potential patent infringement in relation to the formulation of the Skin + Cell range of products.

The Company considers the unsupported allegations to be without merit and is resolute in its commitment to a conclusion.

Oberon Investments Group (AQSE: OBE) has announced its unaudited results for the six months ended 30 September 2024.

OBE said that driven by growth from all three divisions, revenues up by 74% to £4.8m (HY24: £2.7m adjusted for subsidiary.

Zephyr Energy (ZPHR) (AIM: ZPHR) has provided an update on funding and operations on the State 36-2R LNW-CC well at the Company’s flagship project in the Paradox Basin, Utah, U.S.

ZPHR said it was now moving ahead with all operational activity required ahead of drilling, including preparations at site and the finalisation of the rig contract, and looks forward to the commencement of full drilling operations early in the new year.