Kibo Energy Plc

London AIM- and Johannesburg AltX-listed multi-asset, Africa-focused energy company positioned to address the acute power deficit in Sub-Saharan Africa #KIBO

[The Sunday Roast @RoastPR]

Roast News Service - RNS - 16th January 2024.

#KIBO #CMRS #BHL #N4P #HEMO #BLOE #EQT #COPL #NTOG

Kibo Energy (AIM: KIBO) has released an interim strategy update outlining its commitment to developing sustainable energy solutions in Southern Africa, the UK, and Ireland. The company focuses on renewable energy generation, waste-to-energy, and energy storage. It has established relationships with sustainable technology OEMs in energy storage, biomass production, and biofuel technologies. Kibo is working on a joint development agreement with a food and beverage producer for a bio-coal pilot plant. It has also received preliminary approval for development funding from a Southern African development banking institution for a waste-to-energy project. The company's project portfolio includes reserve power, waste-to-energy, long-duration energy storage, and biofuel projects at various development stages.@KiboEnergy

Critical Mineral Resources plc (LSE:CMRS) has acquired 26 exploration permits in central Morocco, which are prospective for copper, antimony, tungsten, lead-zinc, and gold. CMR acquired these permits through the acquisition of Hesperis Resources SARL, a Moroccan company. These permits cover approximately 400 km² in the Rabat, Beni-Mellal, Agadir, and Errachidia administrative regions of Morocco, areas with established mining sites and infrastructure. As part of the agreement, CMR will issue 3.0 million shares to the owners of Hesperis at completion and an additional 1.5 million shares at the start of drilling. The acquisition expands CMR's footprint and exposure to critical metals and minerals.

Bradda Head Lithium Ltd (AIM:BHL), a North America-focused lithium development group, has announced final drilling results from the San Domingo Central target area in Arizona. These results are part of a larger drilling program and include encouraging lithium (Li2O) intercepts across various target pegmatites. Notable results include 7.28 meters at 1.27% Li2O, 5.18 meters at 0.88% Li2O, and 5.06 meters at 0.49% Li2O. Additionally, significant amounts of tin, tantalum, beryllium, rubidium, caesium, and niobium were found in proximity to lithium deposits. These results suggest the potential for open-pit development of lithium resources due to the shallow nature of mineralization.@BraddaLithium

N4 Pharma Plc (AIM:N4P) N4 Pharma's subsidiary, Nanogenics Limited, signed a contract for the formulation and sequence selection work to prepare its ECP105 product for pre-clinical studies in Glaucoma treatment.@n4pharma

Hemogenyx Pharmaceuticals plc (LSE:HEMO) The company submitted a complete response to the FDA regarding the Clinical Hold on the Investigational New Drug (IND) application for HEMO-CAR-T, a potential treatment for AML using CAR-T therapy.@HemogenyxPharma

Block Energy plc (LSE:BLOE) identified a Carbon Capture and Storage (CCS) opportunity in Block XIB in Georgia, which has significant CO2 storage capacity. The company plans to explore the potential for a net-zero CO2 industrial hub.@BlockEnergyplc

EQTEC plc (AIM:EQT) secured a €2.9 million loan facility from Banca del Fucino S.p.A. to support EQTEC Italia MDC Srl and the Italy Market Development Centre for waste-to-value solutions.@eqtec

Canadian Overseas Petroleum Limited (LSE:COPL) completed a $2.5 million equity financing, providing short-term working capital to address liquidity needs.

Nostra Terra (AIM:NTOG) signed a strategic partnership with Cypress to jointly develop production growth opportunities across an 80,000-acre area in East Texas, focusing initially on the sub-Clarksville horizon.

DAILY ROUNDUP Pre-Market Open

UK stocks are set to open lower as Donald Trump secures the Republicans' endorsement in Iowa's presidential nomination contest, injecting volatility into trade, foreign policy, and financial markets. In Davos, European policymakers' hawkish remarks have rattled bond markets, challenging expectations of imminent rate cuts. Treasuries were shaky in Asia, and the dollar strengthened. MSCI's Asia ex-Japan share index slumped to a one-month low, led by Hang Seng's 2% drop. Today's agenda includes British labor market data, Hugo Boss earnings, a German sentiment survey, the US Empire manufacturing survey, and pre-market results from Goldman Sachs and Morgan Stanley. Fed Governor Christopher Waller's speech on the economic outlook will be closely watched for its impact on rate expectations. Fed funds futures fell in Asia, even though they've already priced in about 160 bps of rate cuts for this year. Shipping disruptions in the Red Sea, with a missile strike on a US-owned dry bulker, pose a risk to the inflation outlook. Key developments include economic data releases, earnings reports, and speeches from central bank officials.

[NM1 - @AimforProfit]

#KIBO Kibo Energy PLC - MAST: Further Update to the Completion of JVA #KIBO @KiboEnergy https://t.co/5WBrauAUs3 #voxmarkets #investing #shares #RNS via @voxmarkets

[NM1 - @AimforProfit]

#KIBO Kibo Energy PLC - Kibo Subsidiary Announces Update of JVA #KIBO @KiboEnergy https://t.co/rfrIuztaky #voxmarkets #investing #shares #RNS via @voxmarkets

[Quantum Data Energy PLC @QDEplc]

"who are developing renewable energy and enabling projects that will reduce dependency on fossil fuel imports, strengthen energy security and bring economic opportunities across the UK.” [2]

Image: https://t.co/BReYf8HcfR

[Quantum Data Energy PLC @QDEplc]

“We welcome the announcement in the Autumn Statement on 22 Nov 2023 to incentivise long-term investment in the UK,” says our CEO Pieter Krugel. “The extension of tax relief on investments in plant and machinery beyond 2026 provides more certainty to companies like #MED, [1]

[Quantum Data Energy PLC @QDEplc]

JVA Update: #Proventure has formally stepped in with signing replacement binding JVA that requires an initial £2m interim payment by 10 Nov and full completion by 30 Nov. Full details here: https://t.co/6gVf4r0AZd

[ACF Equity Research @ACFER01]

.@KiboEnergy (AIM: $KIBO) received 31,646,424 new MED (LSE: $MAST) Shares = £469k (partial settlement) of the total outstanding amount MED owes #KiboMining (Cyprus) - Kibo's 100% owned subs. => Kibo’s interest in MED to = 56.02%. Read our #ACFResearch on KIBO's plans and prospects https://t.co/03JS48XVoF

[ACF Equity Research @ACFER01]

.@KiboEnergy (AIM: $KIBO) + #ShumbaEnergy - in share sale agrmnt of #Kibo’s remaining 35% equity holding in Mabasekwa Coal to Power Proj. @ ~ US$ 375k. Read our #ACFResearch on KIBO's plans and prospects https://t.co/rQXefKX9nU

[ACF Equity Research @ACFER01]

.@KiboEnergy (AIM: $KIBO) subsid #MASTEnergyDevelopments (LSE: $MAST) JV. completion extended to 21 Sep 2023 to complete statutory process for int'l funds transfer. Read our #ACFResearch on KIBO's plans and prospects https://t.co/rQXefKX9nU

[ACF Equity Research @ACFER01]

.@KiboEnergy (AIM: $KIBO) subsd MED (LSE: $MAST) expct. a £31m investment from a 2nd JV. based on ftr plant for low-carbon flexible gas generation w/ output = ~ 33 MW. For more on KIBO read our #ACFEquityResearch https://t.co/rQXefKX9nU

[Quantum Data Energy PLC @QDEplc]

Latest news: Our new and exciting binding JVA investment is set to be completed by 31 August 2023. Read the full update here: https://t.co/6qIiquLDcO

[Quantum Data Energy PLC @QDEplc]

Latest news: #MED has signed a binding and definitive JVA with an institutional investor-led consortium. The JVA provides for a total investment capital of c. £31m, with no funding required from MED. Read all the details at https://t.co/iUJqn5PqQv #RNS #jva

[ACF Equity Research @ACFER01]

.@KiboEnergy (AIM: $KIBO) ~▲15.38% as #MbeyaPower Proj. + #TanzaniaElectricSupply Co. Ltd meeting = agrmnt on due diligence scope & process - in line w/ key proj. milestones, also $MAST JV news today. Read our #ACFResearch https://t.co/rQXefKX9nU

[ACF Equity Research @ACFER01]

.@KiboEnergy (AIM: $KIBO) subsd MED (LSE: $MAST) potential new institutional investor JV + ~£33.6m Investment for gas peaker plants w/ ~ c. 50 MW gen. output = to be dvlpd + income gen. w/in next 12 mths. Read our #ACFResearch https://t.co/rQXefKXHds

[Kibo Energy Plc @KiboEnergy]

Two big announcements today: #Kibo subsidiary @MastPlc announces significant investment + new broker AND update on our Mbeya Power Project. Full details at https://t.co/yahpynXuSJ

[Mining Review Africa @MiningReview]

@KiboEnergy: Positive outcomes at pilot test work for #biofuel projects

https://t.co/svR15ywUfy

[Kibo Energy Plc @KiboEnergy]

Join #KiboEnergy’s Executive for Business Development Peter Oldacre at the
@EnergySolarAfr today as he chats about next-Gen Batteries. #renewableenergy

[Kibo Energy Plc @KiboEnergy]

We’re pleased to welcome Peter Oldacre as a Group Business Development Executive at Kibo. Peter’s impressive credentials & wealth of expertise in renewable energy & BESS will further strengthen successful delivery of our corporate strategy. Read more here: https://t.co/5lqd1Uno6e