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Leinster Lithium Project; the Rise of Global Battery Metals Ltd (CVE: GBML)(OTCMKTS: REZZF)

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Global Battery Metals Ltd (CVE: GBML)(OTCMKTS: REZZF) has been getting noticed by investors and is moving northbound in recent trading on a massive surge of volume after the Company reported its BOD approved an initial drill program at the North-West Leinster Lithium Project in Ireland. The NW Leinster Project is focused on the exploration for lithium mineralization (spodumene pegmatites) in the north of the Leinster Massif in south-east Ireland. The project area is covered by 15 prospecting licenses termed the North-west Leinster Block which covers a total area of 477.39 km2. The NW Leinster Project is located at the north-east end of the East Carlow Deformation Zone (ECDZ) with licenses also located to the north of this zone in interpreted similar structural settings. The Aclare deposit (part of International Lithium Corp – Ganfeng Lithium Co. Ltd JV’s Avalonia Project) reportedly comprises of a 20m wide spodumene pegmatite zone with a historical resource estimate of 570,00 tonnes grading 1.5% Li20. The strike length of the primary target zone is approximately 550m with best intersections of 2.23% Li20 over 23.3m including 3.43% Li20 over 6m. 

The demand for lithium is growin exponentially; according to Vinneth Bajaj, a senior mining analyst for GlobalData: “Lithium metal production is expected to reach 134,700 tonnes versus 58,800 tonnes in 2020. This follows a significant 18.2% decline in 2019 to 78,200 tonnes, resulting from sluggish global EV [electric vehicle] sales and a steep fall in prices, which, in turn, encouraged reduced production levels.” Lithium demand, the mining analyst said, will be driven by a surge in EV sales, with annual production expected to surge from 3.4 million vehicles in 2020 to 12.7 million in 2024, and a corresponding surge in lithium-ion battery production, which is forecast to rise from 95.3 gigawatt-hours (GWh) in 2020 to 410.5 GWh over the same period. According to marketwatch: the Global Lithium-Ion Battery Recycling Market is valued at USD 8.81 Billion in 2020 and expected to reach USD 14.34 Billion by 2027 with the CAGR of 7.20% over the forecast period. 

Global Battery Metals Ltd (CVE: GBML)(OTCMKTS: REZZF) is a mineral exploration company with a focus on metals that make up and support the rapid evolution to battery power. GBML’s common shares are listed on the TSX Venture Exchange, OTCBB and Frankfurt. GBML currently has two projects: (1) an option to acquire up to 90 per cent of the North-West Leinster lithium property in Ireland, and (2) a 55-per-cent stake in Peru-based Lara copper property, which has over 10,000 metres of drilling. As previously disclosed, Minsur S.A., a Peruvian mining company, entered into an option agreement with GBML and Lara Exploration Ltd. to acquire the Lara property for staged payments of $5.75 million (U.S.). GBML will retain a 0.75-per-cent net smelter royalty. The Company has been successfully raising money recently reporting due to the high level of interest, it has increased the size of its non-brokered private placement, as originally announced on October 21, 2020, to now raise aggregate gross proceeds of $1,050,000 through the sale of 10,500,000 units at a price of $0.10 per Unit.  

On January 21 GBML announced its BOD approved an initial drill program at the North-West Leinster Lithium Project (“NW Leinster Project”) in Ireland. The NW Leinster Project is focused on the exploration for lithium mineralization (spodumene pegmatites) in the north of the Leinster Massif in south-east Ireland. The project area is covered by fifteen (15) prospecting licenses termed the North-west Leinster Block which covers a total area of 477.39 km2. The prospecting licenses were granted to LRH Resources Limited in October 2018 and are valid for an initial period of six-years from that date. GBML has an option agreement to earn 90% (details below). 

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REZZF

The NW Leinster Project is located at the north-east end of the East Carlow Deformation Zone (ECDZ) with licenses also located to the north of this zone in interpreted similar structural settings. To the immediate south-east, a 55km long zone of discrete lithium-bearing pegmatites and aplitescentred on the Aclare deposit was discovered during 1960s and 1970s near the contact of the Tullow Lowlands granite pluton with the Lower Palaeozoic metasediments which are considered genetically as well as spatially related to the ECDZ. The Aclare deposit (part of International Lithium Corp – Ganfeng Lithium Co. Ltd JV’s Avalonia Project) reportedly comprises of a 20m wide spodumene pegmatite zone with a historical resource estimate of 570,00 tonnes grading 1.5% Li20. The strike length of the primary target zone is approximately 550m with best intersections of 2.23% Li20 over 23.3m including 3.43% Li20 over 6m. 

GBML can earn up to 90% in the NW Leinster, with the following option earn-in: To earn 17.5% – spend EUR88,000 by Oct 2022 and up to EUR7,500 for licence fees etc. There are no payments to the vendor at this stage. To earn 55%, within 2 years of the above or 4 years from Oct 2020, spend EUR500,000 on the property and pay EUR50,000 to vendor (90% can be paid in stock at GBML’s discretion). To earn 90% – spend EUR1,000,000 and pay EUR200,000 (90% can be stock, at GBML’s discretion) within two years of above. Project subject to a 2% royalty, 1% can be bought back for EUR1,000,000. 

Highlights of 2021 Drill Program at NW Leinster 

  • Initial drill program to target the Aghavannagh area with three holes totalling 450 metres.
    Previous work at Aghavannagh located pegmatite float at the granite/metasediment contact containing visible spodumene that returned a value of 8,280 ppm Li (1.78% Li2O). Details of this work can be found in the Jan.19, 2019 Press Release.
  • NW Leinster located within 20km of property being drilled by, Chinese lithium company, Ganfeng Lithium Co. Ltd.
  • Government stream sample survey confirms the presence of anomalous lithium on surface at the property (see Figure 1) and confirmed with our previous sampling.
  • Application initiated with Exploration and Mining Division (EMD) and Quilchena (crown corporation focusing on forestry) with approvals expected within 6-8 weeks.
  • Drill targets are easily accessed via logging roads, and within 50km of Dublin, Ireland.

“We are very excited to begin drilling our North-West Leinster Lithium Project in Ireland,” stated Michael Murphy, President & CEO. “We have identified four high-priority targets and will test the Aghavanngh target with our initial drill program. The target areas are near the Avalonia project, where Ganfeng and International Lithium have previously drilled high-grade pegmatite (see below). With $1.4 million in our treasury, and a drill budget of up to $150,000, we are fully funded to rapidly advance lithium exploration activities at North-West Leinster.” 

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Global Battery Metals Ltd (CVE: GBML)(OTCMKTS: REZZF) has been getting noticed by investors and is moving northbound in recent trading on a massive surge of volume after the Company reported its BOD approved an initial drill program at the North-West Leinster Lithium Project in Ireland. The NW Leinster Project is focused on the exploration for lithium mineralization (spodumene pegmatites) in the north of the Leinster Massif in south-east Ireland. The project area is covered by 15 prospecting licenses termed the North-west Leinster Block which covers a total area of 477.39 km2. The NW Leinster Project is located at the north-east end of the East Carlow Deformation Zone (ECDZ) with licenses also located to the north of this zone in interpreted similar structural settings. The Aclare deposit (part of International Lithium Corp – Ganfeng Lithium Co. Ltd JV’s Avalonia Project) reportedly comprises of a 20m wide spodumene pegmatite zone with a historical resource estimate of 570,00 tonnes grading 1.5% Li20. The strike length of the primary target zone is approximately 550m with best intersections of 2.23% Li20 over 23.3m including 3.43% Li20 over 6m.  The demand for lithium is growin exponentially; according to Vinneth Bajaj, a senior mining analyst for GlobalData: “Lithium metal production is expected to reach 134,700 tonnes versus 58,800 tonnes in 2020. This follows a significant 18.2% decline in 2019 to 78,200 tonnes, resulting from sluggish global EV [electric vehicle] sales and a steep fall in prices, which, in turn, encouraged reduced production levels.” Lithium demand, the mining analyst said, will be driven by a surge in EV sales, with annual production expected to surge from 3.4 million vehicles in 2020 to 12.7 million in 2024, and a corresponding surge in lithium-ion battery production, which is forecast to rise from 95.3 gigawatt-hours (GWh) in 2020 to 410.5 GWh over the same period. According to marketwatch: the Global Lithium-Ion Battery Recycling Market is valued at USD 8.81 Billion in 2020 and expected to reach USD 14.34 Billion by 2027 with the CAGR of 7.20% over the forecast period. We will be updating on Global Battery Metals  when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with the stock.

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Disclosure: we hold no position in Global Battery Metals either long or short and we have not been compensated for this article.

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MSP Recovery (NASDAQ: LIFW) in the Spotlight: Legal Battles, Luxe Living, and Stock Surge

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MSP Recovery (NASDAQ: LIFW) has been on quite the rollercoaster ride, defying gravity with over 400% gain since September 14th, 2023 with over 240% of that gain happening this week alone. However, the exact reasons behind this meteoric rise remain elusive. Typically, when a company drops major news, you’d expect an instant stock reaction. But in this case, the last significant update from the company was about a week ago, and it’s questionable whether that news was much on the positive side, yet the stock is still zooming upwards.

Background:

Let’s delve into the nitty-gritty of what MSP Recovery, more prominently known as LifeWallet, is all about. Imagine them as the healthcare financial detectives, diligently sifting through the complexities of medical billing and reimbursements. They specialize in recovering money owed to healthcare providers. If an insurance company owes a hospital for a patient’s treatment, these folks ensure that the hospital gets the rightful compensation. But their innovation doesn’t stop there.

Enter “LifeWallet,” their brainchild—a powerful tool designed to revolutionize healthcare transactions. Picture it as a savvy assistant for healthcare professionals, standing by their side in the hustle and bustle of medical care. LifeWallet’s magic lies in its ability to decipher the complexities of healthcare billing and insurance. It guides doctors and hospitals, helping them navigate the tangled web of who should foot the bill, especially in post-accident treatments. It’s a digital ally ensuring fair compensation and smooth financial transactions in the intricate healthcare landscape.

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MSP is making waves in the healthcare domain with this innovative approach, leveraging data analytics to streamline processes and champion fair compensation for healthcare providers. Much like a rollercoaster ride, their journey promises excitement, surprises, and an undeniable thrill in the world of healthcare finances.

Legal Battles and CEO Extravagnce:

Step back and look at their stock chart—MSP has taken a major hit in value this year, and it’s not without reason. Surprisingly, digging into the company’s operations revealed some unpleasant surprises we hadn’t anticipated. It’s been a rough ride for them.

The company was just recently involved in a class action law suit led by recognized leader in shareholder rights litigation, Robbins LLP. The case revolved around MSP not providing essential information to investors transparently.

There were a number of claims mentioned, here’s a quick list.

  1. MSP didn’t reveal there was an ongoing investigation by the SEC and federal prosecutors.
  2. They gave out financial information to investors that was significantly wrong and deceptive.
  3. When admitting they needed to fix their financial results, they didn’t reveal the full extent of the issues.
  4. MSP couldn’t financially handle the claims they were assigned to manage by a major health and engaged in deceitful actions with said provider
  5. The Registration Statement had lots of wrong or misleading statements and was poorly prepared.
  6. Their Proxy also had false or misleading statements.

It all started on July 31, 2023, where The Miami Herald unveiled significant revelations. Stating the CEO John H. Ruiz has been living quite the lifestyle buying several waterfront mansions in Miami, even an entire Boeing passenger jet.

It’s not surprising the Ruiz’s lifestyle was so extravagant considering LifeWallet was once valued at more than $32 billion, but as you can see the company is now worth a small fraction of that. That said, Ruiz’s expensive lifestyle would be tough to continue.

Then again, on August 1, 2023, the Company made disclosures to the SEC (Form 8-K), confirming The Miami Herald’s findings. The stock took another substantial hit, dropping over 12%. Adding to the unfolding drama. After that, a substantial $67 million lawsuit was filed against the Company on the same day, resulting in an 18% plummet in the stock price.

The narrative continues on! On August 17, 2023, MSP acknowledged a notification letter from Nasdaq’s Listing Qualifications Department. They confirmed the Company’s non-compliance with Nasdaq’s Rule 5250(c)(1) due to a delayed Form 10-Q filing for the period ending June 30, 2023. This revelation caused a 19% stock price drop over two days.

With that said, we’ll bet you’re seriously wondering how could this company could possibly see recovery (pun intended) after all these allegations were laid out.

What happened:

Surprisingly enough, it seems Robbins LLP just recently lost the case against MSP and there was an announcement made on September 13th, 2023 about it. All those allegations have vanished into thin air. It’s baffling how a company with so many strikes against it can seemingly wrap things up so quickly. The whole situation leaves us questioning what’s really going on.

Since the announcement the other week, the company’s valuation has skyrocketed, at some points even peaking at an increase of over 400%. Naturally with that kind of trading action, it’s no surprise day traders are getting in on the action. MSP is trending all over Twitter amongst notable users like @timothysykes, @stockplaymaker1, and @AngryRed316 talking about it.

At this point, it looks like investors are basing their trades more on chart patterns and less on the company’s solid financial footing. MSP didn’t deliver great news in its latest earnings report, showing quite a large net loss of over $400 million. It’s quite likely the allegations had a role to play in this financial blow. The real question is if MSP can get its act together, start making real profits, and avoid a chapter 11. Either way, we’ll continue to follow along to see how things pan out!

We will update you on LIFW when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Picture geralt by from Pixabay.com

 

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VCI Global (NASDAQ: VCIG) Joins Forces with Microsoft Azure OpenAI: A Tech Revolution Unleashed

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VCI Global (NASDAQ: VCIG) is back on the radar with another significant gain of 84%. We wrote about this company just recently in June, where it popped 156% on the announcement of their “Socializer Messenger”. The company is now teaming up with Microsoft Azure OpenAI through its subsidiary, V Galactech Sdn Bhd. This partnership brings together their AI know-how to reshape the world of business solutions, making waves in the tech scene by using Microsoft Azure OpenAI services.

This collaboration is all about meeting the growing demand for tech advancements that are fast, smooth, and globally connected, helping businesses connect better with their customers. It’s also a boost to VCI Global’s AI consulting skills.

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By tapping into what Microsoft Azure OpenAI offers, VCI Global is jumping into the tech world’s fast lane. They plan to come up with some cool innovations, like Generative Pre-trained Transformer 4 (GPT-4) and Microsoft’s new AI-powered chat tool, Bing Chat Enterprise. Plus, they’ll use Microsoft Azure OpenAI’s cutting-edge AI for their projects, including the super-smart AI-assisted sales platform, robosale software.

https://twitter.com/ShortDaPos/status/1694403174566858783?s=20

Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, is very excited about this partnership. He mentions, “We’re thrilled to dive deep into AI innovations, especially with Microsoft Azure OpenAI. We can’t wait to see how this partnership transforms how businesses connect with customers in the ever-changing tech world. The sky’s the limit, and we’re ready to help our clients ride this AI wave.”

About VCI Global Limited:

VCI Global is a versatile consulting group that’s all about helping businesses with their tech and strategy. They give advice on business strategies, help with investor relations, and provide tech know-how. They mainly work in Malaysia, but they also serve clients in Malaysia, China, Singapore, and the United States, covering a bunch of different industries.

If you want to know more about them, just head to https://v-capital.co/.

About Microsoft Azure Open AI:

Microsoft Azure OpenAI is like a treasure chest of artificial intelligence tools and solutions made to help businesses. They offer everything from AI Services to Machine Learning and AI infrastructure, all aimed at helping businesses make the most of AI for their growth and innovation.

We will update you on VCIG when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Mobilicom (NASDAQ: MOB) Secures Landmark Deal with Top Global Manufacturer

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Mobilicom (NASDAQ: MOB), a company providing cybersecurity and reliable solutions for drones and robotics secures its largest order to date from Teledyne Technologies Incorporated (NYSE: TDY) – shares rocket 123%. $TDY is one of the world’s largest manufacturers of small-sized drones and robotics.

Overview:
This $19B Tier-1 customer has now incorporated Mobilicom’s SkyHopper PRO into its latest small-sized drone platform. This is yet another testament to Mobilicom’s systems as they have already successfully integrated into 44 design wins by various drone and UAV manufacturers.

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More importantly, Teledyne has made significant progress in transitioning from the design phase to production and commercial sales with the U.S. Department of Defense. The company’s latest purchase order appears to reflect only the beginning of potentially multiple recurring orders as they prepare for their first-ever production order for the U.S. DOD.

“As Teledyne-FLIR continues to win additional orders for its small-sized drone platforms with end users such as the U.S. DOD, other federal agencies, and commercial customers, Mobilicom is well positioned for more sales of its Skyhopper Pro,” stated Mobilicom CEO Oren Elkayam. “We see the sales of these systems to the U.S. DOD, one of the largest and most selective procurers of technology, as a strong testament to the excellence of Mobilicom’s market-leading end-to-end solutions.”

 

About SkyHopper PRO:
The SkyHopper PRO is a communication system for drones that ensures secure data transfer. It offers a number of advantages and customization compared to competitors, here’s a quick overview:

Cybersecurity: Prioritizes cybersecurity, ensuring the secure transfer of data between the drone and the ground control station. This feature helps protect sensitive information and prevents unauthorized access or interference.

Reliability: The system is designed to provide robust and reliable communication even in challenging environments. It supports long-range and non-line-of-sight communication, enabling seamless connectivity between the drone and the ground station, even when obstacles are present.

Versatility: Supports multiple transmission modes, including point-to-point and point-to-multipoint communication. This versatility enables various communication setups, such as multi-drone operations and communication to multiple receivers, enhancing flexibility in drone missions.

Industry Integration: Systems have been integrated into numerous design wins by drone and UAV manufacturers indicating their compatibility and suitability for a wide range of platforms. The proven track record of integration demonstrates the system’s adaptability and reliability.

End-to-End Solution: End-to-end solutions for cybersecurity and robust communication. This comprehensive approach ensures seamless integration, streamlined operations, and enhanced overall performance for drone missions.

About Mobilicom:
Mobilicom is a leading provider of end-to-end cybersecurity and robust solutions for drones and robotics. They focus on serving global manufacturers in these industries, offering patented Mobile Mesh networking technology and a proven portfolio of commercialized products. With a growing high-profile global customer base, including corporations, governments, and the military, Mobilicom stands out for its outstanding security capabilities and performance in harsh environments. They derive revenue from hardware and software sales, licensing fees, and professional support services.

About Teledyne Technologies (NYSE: TDY):
Teledyne Technologies is a global leader known for its innovative solutions in aerospace and defense, environmental sensing, and digital imaging. The company’s success stems from a strong emphasis on research and development, enabling them to introduce cutting-edge technologies and meet customer needs effectively. With a focus on quality and customer satisfaction, Teledyne Technologies has earned a solid reputation in the industry. Strategic acquisitions have further strengthened their capabilities, expanding their product offerings and market reach. Through adaptability and a commitment to delivering value, Teledyne Technologies has established itself as a prominent player in various verticals in multiple industries, ultimately paving the way for the company’s current $19B stature in the market.

We will update you on MOB when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Picture by Pexels from Pixabay

 

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