Augusta Gold (TSX: G) gained by 3.03% today to $1.70 per share.
G owes a final $17.5 million deferred cash payment on their recent acquisition of the fully permitted Reward Gold Project, which is due within 90 days of closing. G's acquisition of Reward closed on June 14th. G owes the $17.5 million in cash by September 14th and currently has $5 million in cash. According to G's April 21st press release, this final payment was "backstopped by the Company’s Executive Chairman and significant shareholder, Mr. Richard Warke." Billionaire Richard Warke has been a huge buyer of G shares in the open market in recent months. In all likelihood, he is about to make a large investment into G within days and this along with G's Reward pre-feasibility study being released later this month will cause G to make triple-digit gains!
First Tellurium (CSE: FTEL) gained by 2.70% today to $0.19 per share.
FTEL is the only junior mining company focused on exploring for and supplying tellurium, and their Deer Horn Project represents North America’s only tellurium-silver-gold property with an NI 43-101 compliant tellurium resource. Tellurium has been the world's strongest performing commodity over the past month rising 10 times with NO down days. In one single month, tellurium as made back seven months of declines! We expect tellurium's gains to accelerate headed into 2023 due to First Solar (FSLR)'s new Ohio CdTe solar cell plant getting ready to launch production in 2023! FSLR's opening of their new Ohio CdTe solar cell plant will be more significant for tellurium than Telsa (TSLA)'s opening of their Nevada Gigafactory was for lithium! In January of this year, FTEL rose as high as $0.71 per share but is currently only $0.19 per share despite tellurium now trading higher than the day FTEL hit $0.71 per share! What drove FTEL to $0.71 per share in January was news about positive developments in advanced Lithium-Tellurium EV Batteries that are under development! FTEL announced this week that their partner Fenix Advanced Materials is providing additional funding to the University of British Columbia Okanagan (UBCO) to further advance the development of their Lithium-Tellurium EV Batteries with commercialization expected soon!
Algernon Pharmaceuticals (CSE: AGN) gained by 0.98% today to $6.21 per share.
AGN's current market cap at $6.21 per share is an insanely low US$11.16 million! AGN just reported positive Phase 2 study results for its IPF/chronic cough drug Ifenprodil. Trevi Therapeutics (TRVI) which reported positive Phase 2 study results for its IPF/chronic cough drug Haduvio on February 24th has seen its share price increase by 593.48% since then to a current market cap of US$136.44 million! The reason TRVI isn't worth as much as BELLUS Health (BLU) which has a US$1.47 billion market cap for its chronic cough drug BLU-5937 also in Phase 2 trials, is the fact that TRVI's Haduvio is already available in the U.S. as the pain drug Nalbuphine ER, thereby allowing doctors to write off-label prescriptions of the cheap generic Nalbuphine ER to treat chronic cough. AGN won't have this problem because Ifenprodil isn't currently available in the U.S. but has been used safely for years in Japan and South Korea. This should allow AGN to achieve a much higher market cap than TRVI!
TheGlobe.com (TGLO) was unchanged today at $0.23 per share.
Delfin Midstream owns the majority of TGLO and their Final Investment Decision to build America's first floating LNG facility will be made by year-end! If the Final Investment Decision is positive, it is expected that Delfin Midstream will go public by reverse merging into TGLO! On Monday, Devon Energy (DVN) a $45 billion market cap company signed an LNG Export Partnership with Delfin Midstream and made an investment into Delfin! This is the third huge deal that Delfin Midstream has signed in the past two months. One month ago, Centrica signed a binding agreement to purchase $8.47 billion worth of LNG from Delfin Midstream for the United Kingdom. In mid-July, Vitol Inc. signed a binding agreement to purchase $3 billion worth of LNG from Delfin Midstream. Delfin said on Monday that they are also "in numerous advanced discussions on additional binding SPAs, HOAs and tolling agreements similar to those previously announced." This means that many more huge agreements are likely to be announced by Delfin Midstream in the upcoming weeks/months causing TGLO to explode significantly higher as the odds of a positive Final Investment Decision continue to increase!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 174,200 shares of G in the open market and intends to buy more shares. NIA has received compensation from FTEL of US$100,000 cash for a six-month marketing contract. NIA has received compensation from AGN of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.