Digital assets investor KR1 (LON: KR1) is the best performer of the week. There was strong trading, The share price jumped 36.2% to 47p. NAV was 40.69p/share at the end of June.
Amazing AI (LON: AAI) says new subsidiary AAI Mauritius will be used to purchase Bitcoin when it completes the legalities of acquiring cryptocurrencies. This should happen by the end of August. The subsidiary will also provide AI finance-related services to Sub-Saharan Africa and south east Asia. It will also take on business in the UK and that subsidiary will be wound up. The share price increased 7.69% to 1.05p.
Vault Ventures (LON: VULT) has paid the remaining consideration of £1m for System7 via the issue of shares. The share price rose 3.33% to 0.0155p.
Former Odey Asset Management boss Peter Martin has joined Oberon Investments (LON: OBE) and he will be involved in launching a new global equities fund. The share price improved 1.32% to 3.85p.
FALLERS
Vaultz Capital (LON: V3TC) has purchased more Bitcoin and holds 135 Bitcoin at an average purchase price of £85,622.47 each. Aleks Nowak has been appointed as the non-board chief operating officer. Aura Digital has taken a 15.5% stake. The share price slipped 12.2% to 8.125p.
Wishbone Gold (LON: WSBN) says drilling at the Red Setter gold dome project in Western Australia has intersected mineralisation in the first hole. It appears that the hole is peripheral to the main target, and another hole will be drilled to the south west. The share price declined 11.2% to 0.355p.
The Smarter Web Company (LON: SWC) has raised a further £7.6m from a placing at 221p/share. There are still another 4.49 million shares available to be placed and once that happens another subscription agreement will be signed. The share price fell 10.7% to 187.5p.
Valereum (LON: VLRM) raised £65,000 vi an offer at 3.1p each and this meant that the fundraising totalled £465,000. This will help fund a £600,000 investment in Metrikus Software, which is developing real-time building and smart infrastructure software. The two companies will work on tokenisation opportunities. This could involve fractional ownership or yield-sharing. The share price deceased 8.06% to 2.85p.
TruSpine Technologies (LON: TSP) has issued a warrant over two million shares exercisable at 20p each to Proffitt Brothers Investments. The share price slid 5.26% to 0.9p.
Ormonde Mining (LON: ORM) investee company Peak Nickel, where it holds 18.9%, has entered into an agreement for Winshear Gold to earn 100% of the Portsoy project in Scotland. This requires 1,000 metres of drilling and other exploration work and the spending of £3m within five years. Winshear Gold also has to issue 6.5 million shares to Peak Nickel over five years. Peak Nickel will retain a 1% net smelter returns royalty. If the project is sold by Winshear Gold, Peak Nickel will receive 10% of the proceeds up to a maximum of £10m. The share price dipped 5.26% to 0.09p.
Emissions reduction additives developer SulNOx Group (LON: SNOX) has been granted a patent for fuel oil reclamation in Eurasia. This can be used for oily wastewater from ships. The share price fell 2.17% to 45p.