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https://www.proactiveinvestors.co.uk/companies/news/945181/zephyr-energy-marks--transformational-day--after-raising-10m-and-bakken-formation-acquisition-945181.html

https://www.londonstockexchange.com/news-article/RBW/notice-of-investor-and-analyst-conference-call/14916383

Should you wish to submit and questions before hand pleas send to rainbowrareearths@flagstaffcomms.com
Thanks

"In conclusion, I'd like to note that we are currently operating in particularly exciting and unusual times - times which simultaneously offer strengthening commodity prices as well as reduced drilling and service costs, and times in which opportunistic acquisitions, such as the Bakken project, can be made at highly compelling valuations. Zephyr's Board has elected to be opportunistic in these exceptional times in order to position the Company for significant long-term growth - and that growth now has the potential to be achieved without the need for future external funding while giving the Company autonomy and flexibility to deliver the value from its existing asset portfolio.

"We will be providing regular updates as we progress through this transformational period and in the meantime, we will continue to operate in line with our core values of being responsible stewards of both our investors' capital and of the environment in which we work."

https://www.londonstockexchange.com/news-article/ZPHR/proposed-acquisition-and-ps10m-placing/14916408

Colin Harrington, Chief Executive of Zephyr, said: "Today's developments mark a truly ground-breaking moment for the Company. Following the completion of this ambitious fundraise, Zephyr is poised to transform itself into a well-capitalised, self-sustaining platform with a financial flexibility that will enable the Company to pursue - on an independent basis - the significant upside potential which exists in our Paradox project.



The key benefit of our proposed Bakken project acquisition is its potential to generate substantial cashflows which can be reinvested into our Paradox project. This, combined with the funding secured to drill the Company's first production target in the Paradox later this year, means we have taken a massive step towards unlocking the substantial potential value from the Paradox project on a timeline and in a manner that is now within our control.

The combination of a funded Paradox drilling programme and a cash generating Bakken project will also give us the capacity to fund any future potential exploration opportunities on the additional 11 reservoirs in the Paradox we have identified above and beyond our main target, the Cane Creek reservoir.

The Bakken project acquisition is a perfect addition to our asset portfolio and is the ideal complement to our Paradox project. Since I joined the Company in mid-2019, we have evaluated over 75 potential acquisitions, and I believe the Bakken project to be the single best opportunity we've identified. We have been able to negotiate the Acquisition on highly favourable economic terms, particularly when taking into account the recent rise in the oil price. The fact that the Bakken project wells have had all drilling risk removed is a major bonus, and the resulting cash flow will enable us to utilise the Company's historical tax losses of more than $16 million.

"The next few months will see a flurry of corporate and operational activity - including the completion of the Acquisition, first Bakken oil production and revenues for the Company, the Bakken well completions, the drilling of the State 16-2 lateral well targeting our first production in the Paradox and the release of additional analysis of the overlying reservoir zone in the Paradox. The team has shown fantastic energy and resilience to get the Company to this position, and we look forward to continuing delivering on these key objectives for our Shareholders.
"I would like to thank TPI and the rest of our adviser team for the successful execution of the Placing, a fantastic effort and outcome, and I would very much like to take this opportunity to welcome our new Shareholders and institutional investors on board.

https://www.londonstockexchange.com/news-article/ZPHR/proposed-acquisition-and-ps10m-placing/14916408

Colin Harrington, Chief Executive of Zephyr, said: "Today's developments mark a truly ground-breaking moment for the Company. Following the completion of this ambitious fundraise, Zephyr is poised to transform itself into a well-capitalised, self-sustaining platform with a financial flexibility that will enable the Company to pursue - on an independent basis - the significant upside potential which exists in our Paradox project.
The key benefit of our proposed Bakken project acquisition is its potential to generate substantial cashflows which can be reinvested into our Paradox project. This, combined with the funding secured to drill the Company's first production target in the Paradox later this year, means we have taken a massive step towards unlocking the substantial potential value from the Paradox project on a timeline and in a manner that is now within our control.
The combination of a funded Paradox drilling programme and a cash generating Bakken project will also give us the capacity to fund any future potential exploration opportunities on the additional 11 reservoirs in the Paradox we have identified above and beyond our main target, the Cane Creek reservoir.
The Bakken project acquisition is a perfect addition to our asset portfolio and is the ideal complement to our Paradox project. Since I joined the Company in mid-2019, we have evaluated over 75 potential acquisitions, and I believe the Bakken project to be the single best opportunity we've identified. We have been able to negotiate the Acquisition on highly favourable economic terms, particularly when taking into account the recent rise in the oil price. The fact that the Bakken project wells have had all drilling risk removed is a major bonus, and the resulting cash flow will enable us to utilise the Company's historical tax losses of more than $16 million.
"The next few months will see a flurry of corporate and operational activity - including the completion of the Acquisition, first Bakken oil production and revenues for the Company, the Bakken well completions, the drilling of the State 16-2 lateral well targeting our first production in the Paradox and the release of additional analysis of the overlying reservoir zone in the Paradox. The team has shown fantastic energy and resilience to get the Company to this position, and we look forward to continuing delivering on these key objectives for our Shareholders.
"I would like to thank TPI and the rest of our adviser team for the successful execution of the Placing, a fantastic effort and outcome, and I would very much like to take this opportunity to welcome our new Shareholders and institutional investors on board.
Part 1

https://youtu.be/iAyarXtN7A4

https://youtu.be/MnC9M2xRQpQ

: https://youtu.be/MnC9M2xRQpQ

• Offshore wind farms: Recent approvals and funding of some new and massive offshore wind farms is likely to push the market for NdPr into deficit and may eventually delay the delivery of the permanent magnets required to make wind turbines more reliable and efficient.
• The challenge will be for miners like Rainbow to ramp up rare earth processing to meet the new demand for NdPr and other key rare earth elements as wind turbine manufacturing ramps up to meet the new orders for new offshore wind turbine capacity over the next decade.
• Electric vehicles: Permanent magnets are also used to enhance the efficiency of electric vehicles and other motorised components with the rise in new manufacturing capacity raising demand for many critical raw materials. EV sales are expected to grow NdPr demand from 4,200–9,600tpa from 2020-2025.
• Demand growth of 5.7% pa is expected to 2050 and is expected to be a key contributor to emissions targets.
• China still commands some 80% of global REE production causing many non-Chinese manufacturers to seek alternative suppliers for permanent magnets and NdPr supply.
Conclusion: Rainbow are well placed to fill the forecast gap between current mine supply and growing demand. The challenge is to bring on new production fast enough to meet growth in Western demand and to enable new Western refineries in the supply chain.

Rainbow Rare Earths* (RBW LN) 15.77p, Mkt Cap £75m – Rainbow results show turnaround as costs fall while sales climb
(Rainbow hold 70% of Phalaborwa with 30% to be held by Bosveld Phosphates. There is currently no BEE requirement as this is a retreatment processing operation)
• Rainbow rare earths report a reduced post-tax loss of US$895k for the six months to end December vs $1,058k a year earlier.
• Revenues rose to $527k from $156k yoy as production ramped up at the Gakara rare earth mine in Burundi and rare earth prices improved.
• Production and sales costs fell to $527k to match revenues highlighting the operational improvement at the mine.
• Administration, depreciation and finance expenses halved yoy reducing the pre-tax loss to $890k from $1,057k yoy.
• Gakara: Management worked through the year to improve the operation of the Gakara mine using new, larger and more reliable machinery.
• Drilling on the licenses around the Gakara mine identified a number of similar high-grade carbonate areas suitable for future mining and resource expansion.
• Gakara continues to ramp up production in the trial mine producing 300t of REE concentrate in the six-months to end December demonstrating the viability of expansion to 10,000tpa of rare earth carbonate production.
• Capita cost estimates show $35.2m and operating costs of $1,279/t for a 10,000tpa high-grade cerium-depleted mixed rare earth carbonate, containing approximately 39% NdPr plant and associated mine infrastructure.
• Note: management are targeting the potential to further expand Gakara to 20,000tpa in time.
• The mine also recorded zero lost time injuries in the period, a great achievement for a mine operating with a relatively large workforce in an economically challenged environment.
• Phalaborwa: the team continue to work on the Phalaborwa tailings demonstrating relative consistency of rare earth grade within the tailings as well as the presence of the rare earth elements in chemical ‘cracked’ form for easier processing.
• Management are working on optimising the processing flow sheet used in the pilot plant at Phalaborwa to improve recoveries and operational costs to potentially make this one of the world’s lowest cost rare earth carbonate / hydroxide producers. The rare earth elements have unusually low levels of radioactivity should make the Phalaborwa product popular with buyers.
• We expect to see an optimised PEA on the Phalaborwa project later this year based on an in-situ grade of 0.5% of which 29-30% assays as Neodymium and Praesidium NdPr.
• Prices: neodymium prices rose followed by praseodymium which climbed 27% through the period driven by announcements of new offshore wind farm developments and forecast increased buying activity by turbine manufacturers.

https://www.londonstockexchange.com/news-article/RBW/interim-results-for-six-months-to-31-december-2020/14911211
George Bennett, CEO, said: "I believe we are now well positioned for success as London's only listed producing rare earths company with both country and project diversification. The supply/demand fundamentals in the NdPr market present Rainbow with an exciting opportunity and we are confident in our capacity to become a globally significant producer of rare earth metals and to take advantage of the favourable market outlook."

https://www.londonstockexchange.com/news-article/TEK/lucyd-signs-distribution-agreement/14907786
Harrison Gross, Lucyd cofounder and CEO said, "We are very excited to be working with D. Landstrom Associates to launch the Lyte into national distribution. For more than 40 years, D. Landstrom Associates has built a reputation of introducing exciting new products into national retail stores. With more than 90 five-star reviews, Lyte is gaining significant ecommerce traction through our social media and influencer marketing, and we view brick and mortar distribution as a natural complement to this growth."
About Lucyd and Innovative Eyewear Inc.
Lucyd's mission is to Upgrade your Eyewear® with advanced ergonomic frames that are easy to use, fun to wear, and help you stay safely connected to your digital life. The Lucyd brand and IP portfolio are exclusively licensed to and operated by Innovative Eyewear, Inc. To learn more, or order Lucyd Lyte, please visit https://lucyd.co.
Tekcapital currently owns 100% of the share capital of Lucyd Ltd and approximately 78.1% of the share capital of its operating subsidiary, Innovative Eyewear, Inc.

https://bit.ly/2ND7dck

Predator Oil & Gas
Some technical data analysis from PRD this morning on the Guercif Scoping Development and Operating Costs for Pilot Compressed Natural Gas (“CNG”) Project. In accordance with the Company’s strategy to fast-track monetisation of an initial potential gas discovery at MOU-1 for the Moroccan industrial market, SLR Consulting Ltd, petroleum engineers and oil and gas advisors, were commissioned to develop a high level scheme for the transport of dry gas from the Guercif well site to existing reception facilities via a CNG “virtual pipeline”.

Capital and operating cost estimates have been generated together with a consideration of different trailer options for road transport. Diesel versus CNG fuel options for haulage trucks were evaluated for the impact on capital and operating costs and carbon footprint. Initial well head pressures were assumed to be 2100 psi declining to 500 psi over 5 years, road distance to market point was calculated to be 340 kilometres. An initial Pilot CNG project assumed a production profile of 10 mm cfgpd and a project life of 10 years.

The results of the scoping cost estimates based on actual CNG industry data are summarised below.

· Gross capital development costs for start-up production of US$15.185 to 15.833 million, depending on haulage fuel choice and steel components used. Net to the Company’s 75% working interest £8.2 – 8.6 million using an exchange rate of US$1.39 to £1.00.

· Total amortised capital and operating costs over the 10-year life of the pilot project of US$2.79 to 4.24/mcf, with the lower estimate based on using greener CNG and not diesel as haulage fuel.

Undiscounted net-back, excluding the drilling of an additional development well assuming MOU-1 is potentially completed as a production well, uses published gas prices for the Moroccan industrial gas market of between US$10 and 12 /mcf. These are underpinned by strengthening oil prices. Scoping net-back for example is US$7.21/mcf at US$ 10/mcf gas sales price and using the greener CNG fuel haulage option.

Scoping annual gross undiscounted potential revenues of US$26.3 million (US$19.7 million net the Company’s 75% working interest) for 3.65 BCF of gross annual gas production would support a potential commercial development in an MOU-1 success case and provide multiples of the development capital requirements necessary to attract reserves-based lending. For a 10 year pilot project life, total gross gas resources required are 36.5 BCF. For the first 10.6 BCF of net gas production no government royalties are payable and there is no liability for corporation tax until 10 years have elapsed.

The pilot CNG project concept is designed to have flexibility to facilitate upscaling to supply the growing industrial market. It requires low levels of capital investment and therefore market penetration and increased market share has the ability to be fast-tracked via a transparent and uncomplicated, de-risked, develo

Highlights:
• Tekcapital plc announced that it has raised £3.8m at 10p/share in an oversubscribed placing from existing and new shareholders.
• The primary purpose of the fundraise is to exercise warrants/ options held in Belluscura plc at a cost of £1.25m. The balance of funds raised will be committed to TEK’s portfolio companies, and to provide additional working capital.
We see the potential for significant commercial demand for Belluscura’s X-PLO2R™ given its efficacy, portability, affordability and efficiency. As such, the exercise of TEK’s options/warrants in Belluscura appears to be most prudent at this juncture. We continue to see additional upside in TEK’s valuation as the portfolio companies transform their respective operations into commercially viable businesses.

https://www.londonstockexchange.com/news-article/TEK/placing-to-raise-ps3-8-million/14904327

Clifford M. Gross Ph.D., Executive Chairman of Tekcapital plc commented:
"We are pleased with the current placing from existing and new shareholders, which will enable us to rapidly accelerate the growth of our portfolio companies. We anticipate that each of these companies will make significant progress in 2021 as they continue to execute their go-to-market strategies. We have committed to invest a further £1.25m in Belluscura through exercising our existing warrants and options. As previously announced on 08 March, Belluscura has recently been granted 510(k) clearance and marketing authorisation by the US Food and Drug Administration (FDA) for the X-PLOR2 portable oxygen concentrator and is investigating the potential listing on the AIM Market of the London Stock Exchange (or other recognised stock exchange)."

https://www.londonstockexchange.com/news-article/PRD/business-development-update/14904335
Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:
"The eagerly awaited receipt of the CNG scoping development design and capital and operating costs has demonstrated a simple path to early monetisation of gas from the Guercif area. It provides the input data necessary to help expedite a Plan of Development submission based on a potential gas discovery and required for the Environmental Impact Assessment. The development option is simple, easily managed and requires very low levels of capital to generate near-term gas revenues. Importing specialist haulage vehicles and trailers and storage capacity are the only significant long-lead items. The potential for early and material revenue generation and profits is very exciting. Successfully executing a pilot CNG project will de-risk scalability and drive the potential to add large numbers of new industrial customers where no realistic alternatives to imported fuel oil currently exist.
Project Rainbow is being accelerated in Ireland as the regulatory process becomes clearer and more focussed on the public interest element of the project, which is driven by the developing security of energy supply and capacity near-term emergency."

Predator Oil & Gas
I had the opportunity to chat to Paul Griffiths this morning and this is a fascinating chat if i say so myself, much is going on at PRD in the next few months.

Core Finance CEO Interview: Paul Griffiths, Predator Oil and Gas

https://youtu.be/P81jvbqsaVg

https://www.malcysblog.com/2021/03/oil-price-iog-union-jack-zephyr-and-finally/