In today’s briefing:
- New World Resources (NWC AU): CAML Bumps. Shares To Be Placed. Kinterra Taps Takeover Panel
- Riding the energy transition wave
- ADX Energy (ASX: ADX): Focus on the shallow gas prospects
- Horizon Minerals Ltd – Towards the cash-flow inflection
New World Resources (NWC AU): CAML Bumps. Shares To Be Placed. Kinterra Taps Takeover Panel
- Central Asia Metals (CAML LN) has bumped terms for New World Resources (NWC AU) to A$0.053/share, up from A$0.05/share initially. An off-market Offer is in parallel should the Scheme fail.
- Separately, NWC announced a A$10mn placement – funded by CAML! – to advance its Antler Project, “conditional on either no competing proposal being received by …. 4 July 2025“.
- Toronto-Based PE outfit Kinterra Capital, with a 11.99% stake, has now tapped the Takeovers Panel to declare the placement a frustrating tactic.
Riding the energy transition wave
- Provaris Energy Ltd (PV1.ASX) represents an unique investment opportunity as a leveraged play on the growing shift to alternative energy and carbon reduction, particularly in Europe, but applicable on a global basis.
- The keystone to production and growth is proprietary ‘storage tank’ IP, enabling bigger volumes of compressed hydrogen to transport at lower cost (‘more for less’).
- The company holds a material early-mover advantage with strategic partnerships and supply, offtake and shipping agreements expected to become unconditional over the next 12 months into 2026.
ADX Energy (ASX: ADX): Focus on the shallow gas prospects
- • ADX has varied its acreage position to maximise exposure to a proven shallow gas play.
- A total of seven drill-ready shallow gas play prospects exist within the ADX-AT-I and ADX-AT-II licence areas have been matured for drilling.
- A further four gas prospects are being matured within its newly varied acreage areas.
Horizon Minerals Ltd – Towards the cash-flow inflection
- Horizon Minerals Limited (ASX:HRZ) is an emerging junior gold producer with 1.8moz of gold resources located around the Kalgoorlie and Coolgardie regions of Western Australia.
- HRZ released a mining update which provided insights into the ongoing mining operations at the Phillips Find Joint Venture (JV) and Boorara.
- Phillips Find is largely tracking to expectations with potential upside given the material outperformance in recoveries.
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