Penny Stocks on Radar: TDTRF, CINGF, FRHYF, DVPNF

One of the best ways to know which penny stocks to track is by keeping tabs on those that may have gained traction among investors. This feature would provide you with a closer look into four stocks that have come on the radar of investors over the course of the past few days.

Trident Royalties Plc (OTC:TDTRF): On September 4, the company announced that all the pre-conditions related to the acquisition of Dandoko Royalty had been met, in line with the binding acquisition agreement. Trident Royalties plc went on to note that the acquisition had also been completed. On August 21, the company announced that it had entered into a binding agreement for the acquisition of a 50% stake in a 2% net smelter royalty pertaining to the Dandoko Gold Project permit area.

The project is owned by B2Gold Corporation Limited and situated in western Mali. In the news release yesterday, the company revealed that the aforementioned acquisition had been concluded for $6.25 all-in. The company paid $3 million in cash. It would pay $0.75 million in the form of ordinary shares. Upon receipt of the first royalty, it would pay $1.25 million, and on receipt of 500 000 ounces of gold from the royalty zone, it would pay another $1.25 million.

Coinsilium Group Limited (OTC: CINGF) The venture builder and Web3 investor announced yesterday that it had inked a master collaboration agreement with Blvck Limited, a global lifestyle fashion brand. Coinsilium Group Limited noted in its press release that it had entered into the agreement for the purpose of creating a framework for engaging in future projects, which would include Web3 projects.

In February last year, the company entered into an advisory agreement with Blvck Paris for the ‘Blvck Genesis’ NFT collection launch. However, with Blvck Paris’ intent on expanding its other activities and Web3 footprint, a collaboration agreement was inked with Coinsilium Group Limited. The agreement would provide the necessary structured framework through which both entities would be able to collaborate. Additionally, the two companies would also be able to make a move into a wider range of Web3 projects that had been under review. Bluvck Paris essentially uses a range of content and digital creations for the purpose of connecting with its worldwide community.

Frontier Energy Limited (OTC: FRHYF) Yesterday, the company announced that a letter of intent had been inked with Waroona Energy Inc. for the acquisition of all the shares in the latter, which the company did not hold. It should be noted that Frontier Energy Limited holds a 20% stake in Waroona Energy through a Canadian Plan of Arrangement, which is similar to the Australian Scheme of Arrangement.

In the new release, it was noted that the ultimate aim of the transaction was to create a large-scale renewable energy company based out of Australia with shovel-ready 355 MW of power generation. It would also have the potential to be expanded to more than 1 GW.

Energy Plug Technologies Corp. (OTC: DVPNF) On September 1, the company hit the news cycle after it announced that it had entered into an agreement to acquire the entirety of the Canadian-based company True North Battery Storage Corp. Energy Plug Technologies Corp. also noted in its press release that True North had a letter of intent in place for cooperation with the Taiwan-registered firm C-Life Technologies Inc.

It was further noted that the acquisition had been classified as an arm’s length transaction and was going to be subject to customary closing conditions. It was noted that it was expected to be closed in the upcoming weeks.

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