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Today’s Nano-Cap Stock Momentum Watchlist (BLTH, CBIA, ASRE, SONM)

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Today’s Nano-Cap Stock Momentum Watchlist (BLTH, CBIA, ASRE, SONM)

September 18
05:09 2023

Many investors capitalize on the momentum of stocks that are making significant moves. These stocks often maintain their upward trend for multiple trading sessions, offering potential gains.

Let’s explore four stocks that have experienced substantial gains, worth keeping an eye on.

On Friday, American Battery Metals Inc. (OTC:BLTH) demonstrated an impressive 4% increase in stock performance, catching the attention of investors. Momentum can be a significant factor in stock movements, and BLTH seems to be on the radar of savvy investors looking for opportunities.

BLTH is a U.S.-based company specializing in critical mineral exploration and development, with a particular focus on direct lithium extraction (DLE) and other essential minerals. Their mission centers around processing, refining, and distributing these metals, addressing the growing demand for critical minerals, especially in the United States. This demand is crucial in the nation’s long-term energy transition and the global energy landscape.

However, what’s making BLTH stand out recently is its impending merger. On June 2, 2023, BLTH announced a definitive merger agreement with Seaport Global Acquisition II Corp. (NASDAQ: SGII), a publicly traded special purpose acquisition company. The decision was unanimously supported by both boards and positions American Battery Metals as a wholly-owned subsidiary of Seaport Global Acquisition II.

This merger is poised to create a combined entity with an estimated enterprise value of around $225 million. Existing American Battery Metals shareholders will have the opportunity to retain a substantial 70% stake in the new company by rolling over their equity.

Sebastian Lux, Co-Chief Executive Officer of ABM, emphasizes the surging demand for lithium, highlighting that the U.S. currently produces less than 5% of the world’s lithium supply. Lux views this merger with SGII and the impending Nasdaq listing as catalysts to expedite their lithium and critical mineral extraction projects, aligning perfectly with the global transition toward electrification.

David Graber, ABM’s Co-CEO and Chairman, underscores the profound significance of this merger, particularly in terms of gaining access to essential capital that will significantly advance their lithium initiatives. This strategic move positions ABM for remarkable growth within the lithium sector.

The merger is anticipated to close in the fourth quarter of 2023, subject to stockholder approval and customary conditions. Additionally, American Battery Metals holds 102 federal mining claims in Utah, spanning 2,040 acres of federal land, including seven wells.

Furthermore, on July 24, 2023, American Battery Metals announced a significant expansion with the acquisition and staking of additional lithium claims contiguous to its Lisbon Valley Project. This expansion marks a substantial increase, with ABM’s strategic land position now spanning approximately 14,300 acres, over seven times its previous size.

This strategic expansion follows the release of a Technical Report Summary for American Battery Metals’ Lisbon Valley Project, which sheds light on the abundant lithium deposits in the area and the promising potential for direct lithium extraction. These new claims have already been officially registered with the Bureau of Land Management, solidifying ABM’s total placer claiat to 743, covering a vast 14,320-acre expanse.

With momentum building, BLTH is undoubtedly a stock worth watching for potential developments in the coming days.

Canopus Biopharma Inc. (OTC:CBIA) has recently shown remarkable momentum in the stock market. On September 15, 2023, CBIA recorded an impressive 40.00% increase in its stock price. This substantial surge has caught the attention of investors and is a clear indicator of the company’s recent market performance.

CBIA, operating under the name Blue Heaven Coffee Inc. (BHC), specializes in unattended and attended retail and digital advertising solutions. They utilize innovative technologies and state-of-the-art equipment to deliver tailored solutions to their clients. One significant recent development is a change in ownership, as revealed in an SEC filing on September 11, 2023. Mango Innovation LLC now holds a 9.96% stake in CBIA, signifying potential shifts in the company’s strategic direction and market positioning.

The recent stock performance combined with the evolving ownership landscape makes CBIA an interesting candidate for investors looking to capitalize on emerging opportunities. The company’s expertise in retail solutions and its embrace of digital advertising technologies position it as a noteworthy player in the industry.

Given its recent stock surge and evolving ownership structure, CBIA is undoubtedly a stock to watch for those seeking potential investment opportunities.

Astra Energy Inc. (OTC:ASRE) rose steadily with a 3.88% increase in its stock value on Friday. Astra Energy Inc. is a company specializing in clean and renewable energy projects, with a strategic focus on high-demand markets. Their approach involves securing cutting-edge technologies, identifying lucrative market opportunities, and skillfully leveraging their resources, expertise, and technology to execute innovative projects.

Independent testing by Soil Control Lab confirmed Regreen Technologies Inc.’s ability to efficiently process municipal solid waste into a non-waste Class A compostable commodity. This achievement aligns with California Senate Bill 1383, which aims to reduce organic waste disposal in landfills by 2025. Regreen, an Astra Energy subsidiary, has demonstrated a workable solution with potential national applications and substantial revenue potential.

As Astra Energy Inc. continues to make strides in the clean energy sector, its stock price reflects growing confidence in its vision and potential.

Sonim Technologies, Inc. (NASDAQ:SONM) recently showcased a remarkable surge in its stock price, reaching $0.72 USD at 2:55 PM EDT on Friday, marking a substantial gain of 17.89%. Such notable price movements naturally draw the attention of traders and investors alike.

Sonim Technologies is a prominent U.S.-based provider of ultra-rugged, rugged, and consumer durable mobile devices. Their product portfolio includes a range of devices such as phones, wireless internet data devices, tablets, and accessories, all designed to withstand the rigors of demanding work environments and everyday life. The company has established strong partnerships with major wireless carriers in the United States, including AT&T, T-Mobile, and Verizon, in addition to significant carriers in Canada like Bell, Rogers, and TELUS Mobility. Furthermore, Sonim’s products are distributed through various channels in North America and Europe.

Sonim devices are not just about durability; they also offer robust connectivity, enhancing user experiences by enabling voice, data, workflow, and lifestyle applications.

On Wednesday, September 13, Sonim Technologies, Inc. announced a significant step in securing its position in the industry. A tier-one North American carrier has committed to launching Sonim’s premium 5G mobile hotspot for its customers in 2024. This strategic move aligns with Sonim’s vision to diversify its product line across major North American carriers and capitalize on the steady growth of the mobile broadband modem market in the U.S. and Canada, projected at nearly 9% CAGR over the next decade.

Sonim’s premium mobile hotspot integrates cutting-edge technology, including 5G global bands, advanced performance design features, and robust security measures. This innovation, combined with Sonim’s reputation for durability and reliability, positions the company to excel in an increasingly competitive market.

In summary, Sonim Technologies, Inc. has not only displayed impressive market performance but also strategically positioned itself for further growth, making it a stock worth monitoring for investors seeking opportunities in the dynamic world of stock trading.



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