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- Special Situation Alert - December 12, 2024
Special Situation Alert - December 12, 2024
Interesting investments to look at today
Oilman Jim
December 12, 2024
The $100 Trillion Opportunity in AI?
The rise of AI is shaping up to be bigger than any financial trend we’ve seen before. According to seasoned investor James Altucher, this next-gen AI revolution could create a $100 TRILLION industry, and early investors could stand to benefit. He’s even laid out how a $10K investment might turn into $1 million over the coming years. Want to see the details?
Southern Cross Gold (SXG.ASX) announced drill results from the Apollo prospect at its Sunday Creek gold-antimony project. The discovery includes 186 meters at 8.8 grams per tonne gold, with a peak of 2,541.9 grams per tonne gold over 0.5 meters. These intersections rank among the most impressive gold intercepts reported globally in recent years. Sunday Creek also is on track to become one of the most significant antimony projects in the Western world. China last week increased supply pressure, imposing an ban on exports of antimony to the United States. This positions the project as one of the few significant future antimony sources in the Western world at a time when defence supply chains face mounting pressure sourcing antimony and other critical metals. Further drill results from 14 holes are pending, with a large exploration program ongoing.
New Era Helium (NEHC) announced it has closed on its business combination with Roth CH V Holdings and Roth CH Acquisition V. Co. in which New Era merged with Roth CH V Merger Sub Corp., a wholly-owned subsidiary of Holdings. With the transaction now complete, Holdings has changed its name to New Era Helium and the company's stock and warrants are trading on Nasdaq under the symbols NEHC and NEHCW. The company intends to establish itself as a consolidator of helium and natural gas production and already holds over 137,000 acres in Southeast New Mexico and 1.5 billion cubic feet of proved and probable helium reserves. New Era already has announced a non-binding joint venture with Sharon AI to build a 90MW net-zero Tier 3 data center to be located within the Permian Basin. The joint venture combines Sharon AI's expertise in high-performance computing with New Era's extensive helium and natural gas reserves. The state-of-the-art facility will feature a liquid-cooled Tier 3 data center powered by sustainable energy, offsetting approximately 250,000 metric tons of CO2 annually through carbon capture technology, additionally qualifying for 45Q tax credits.
Leading the Future of Finance
C$152M YTD revenue.
Expanding global reach.
Zero-debt growth strategy.
Neo Energy Metals (NEO.L) announced that it has entered into a sale and acquisition agreement with Sibanye Stillwater (SBSW) to acquire a 100% interest in the Beatrix 4 mine and shaft complex, the processing plant complex and associated infrastructure located in the Witwatersrand Basin, in the Free State Province of South Africa. On completion of the transaction, Sibanye-Stillwater will become the company's largest shareholder with an approximate 40% shareholding and have the right to appoint directors to the board. Sibanye-Stillwater will also hold pre-emption rights of first refusal in respect of any proposed new equity issuance by the company, in order to maintain its strategic shareholding. The project, which has total SAMREC code compliant measured uranium and gold resources of 8.5 million pounds and 0.4 million ounces respectively and further indicated resources of 18.3 million pounds of uranium and 0.8 million ounces of gold, has been subject to various pre-feasibility and development studies.
Pantheon Resources (PANR.L PTHRF P3K.F) announced the Megrez-1 well as a discovery in the eastern topsets in the Ahpun field. The well has reached target depth and the company has run production casing in anticipation of long term testing commencing early 2025. The well has discovered a large light liquids hydrocarbon column based on logs and gas chromatography and analysis indicates three hydrocarbon bearing zones over an approximate 1,260 foot vertical section, including the two primary objective formations. Separately, Pantheon announced results for the year ended 30 June 2024. The company reduced its convertible loan balance to $17.2 million as of 9 December 2024, further reducing to $14.7 million on 13 December. As of 9 December 2024, unaudited cash and cash equivalents totalled $23.7 million, which are currently funding the ongoing Megrez-1 well operations, with the majority of the costs remaining to be spent. Per David Hobbs, Executive Chairman, the past 18 months have seen extraordinary progress in three key areas: Pantheon received independent validation of the company's contingent resources base at 1.6 billion barrels of ANS crude; funded and is executing the Megrez-1 well programme, with its potential to add up to a further c. 40% to the overall resource base; and secured a path to potential monetisation of the 6.6 trillion cubic feet of natural gas in a way that may support the development capital needs from Ahpun first investment decision.
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