Current Investments
Memecoin Investments
Tiger is pleased to announce that Bixby Technology Inc, its wholly owned subsidiary specializing in the identification, incubation and development of technology projects, has formed its maiden incubation partnership with the founder of a sentient AI Agent called AROK (www.arok.vc ).
AROK is an automated venture capital agent project based on Artificial Intelligence that uses sophisticated automated methods to support and innovate on investments in the meme coin space. It has over US$1.27M in meme coins under management.
AROK🗿VC - Maiden Incubation Partnership
“Our model is to incubate and scale up ambitious commercial ideas using utility meme coins to recognise the value we add. AROK is the perfect first deal to showcase our approach. AROK is a pioneer in demonstrating the potential benefits that AI can bring to the Venture Capital industry. The market growth for AI Agents has been extraordinary with AI Agents emerging as one of the most promising and transformative segments in the AI market growth. We expect this to be a growing future market and are delighted to support AROK on its journey. ”
Natural Resource Investments
(last updated 8th October 2024)
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2024 was 0.06 pence (30 June 2024 - 0.08 pence), both per ordinary share.
| Name | Number of shares | Share price | Valuation |
|---|---|---|---|
| African Pioneer plc | 8,810,056 | 0.01800 | 158,581 |
| Bezant Resources Plc | 83,870,371 | 0.00020 | 16,774 |
| Galileo Resources plc | 6,516,667 | 0.01100 | 71,683 |
| Jubilee Metals Group plc | 869,600 | 0.04800 | 41,741 |
| Kendrick Resources Plc | 83,333 | 0.00896 | 747 |
| Total Investments | 289,526 | ||
| Total Cash | 22,891 | ||
| Total Cash and Investments | 312,417 | ||
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The above PV calculation is based on 535,128,554 Ordinary shares with a nominal value of 0.1 pence each being the Company's issued share capital of 539,628,554 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.
On 1 November 2022, the 13,618 shares in Corallian Energy Limited ("CEL") held by Tiger were sold as part of a sale of CEL to Shell UK Limited ("SUKL") for a potential total consideration of £3.20 for each CEL share. The final contingent payment being £1.10 per CEL share, computing to a total amount £14,979.80 was received by Tiger on 22 January 2024.
All reporting is made on a quarterly basis and accordingly the next portfolio announcement will disclose the PV per share and investments at 31 December 2024. The Company will disclose its investments on a quarterly basis when disclosing its PV.
African Pioneer Plc (LSE: AFP)
www.africanpioneerplc.com
African Pioneer Plc’s (“APP”) short to medium term strategic objectives are to enhance the value of its mineral resource Projects located in Namibia, Zambia and Botswana through exploration and technical studies conducted by the company or through joint venture or other arrangements such as sale of the Botswanan Projects to Sandfire Resources Ltd with a view to establishing the Projects can be economically mined for profit. The company’s management team believe that APP’s projects provide a base from which the company will seek to add significant value through the application of structured and disciplined exploration techniques. APP ordinary shares of zero par value each were admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange on 1 June 2021. Tiger’s holding in APP is 8,810,056 Ordinary Shares which represented a 4.65% interest in APP following its admission to trading.
Bezant Resources Plc (AIM – BZT: LN)
www.bezantresources.com
Bezant Resources Plc (“Bezant”) is a mineral exploration and development company quoted on AIM and focused on developing a pipeline of copper-gold projects to provide a new generation of economically and socially sustainable mines. The company’s portfolio of assets includes the Hope Copper-Gold project in Namibia which covers a significant portion of the highly prospective Matchless Copper Belt. On 9 August 2022, Bezant announced it had submitted a mining licence application for the Hope-Gorob copper-gold project area to the Namibian authorities. The Mining Licence application was based on an updated Scoping Study completed in May 2022 by external consultants incorporating historic mineral resource estimates but did not include additional near-surface copper-gold resources generated by the company's shallow drill programme completed in 2022. The company also has an interest in the Mankayan Project in the Philippines which is a porphyry copper/gold system. The company’s Kanye Manganese Project in Botswana comprises a collection of prospecting licenses covering a total area of approximately 4,043km2, located in south-central Botswana south of the town of Jwaneng. Kanye has the potential for the discovery of high-quality manganese deposits suitable for supplying the valuable battery market.
Galileo Resources Plc (AIM – GLR – LN)
www.galileoresources.com
Galileo Resources Plc (“Galileo”) is an AIM quoted natural resource exploration company specializing in the acquisition and development of base metal projects with a focus on copper. The company announced on 30 December 2021 that it has entered into a Joint Venture Agreement with Statunga Investments Limited covering the Luansobe Copper Project, Zambia comprising of a small-scale exploration Licence. Galileo has appointed consultants Addison Mining Services who are currently progressing with modelling the historic drill data at Luansobe which comprises of drill data for 154 holes (drilled in the period 1921 to 2007). Two concurrent development options are being considered by Galileo for this project including the potential for a small open pit mine of circa 3 - 5 million tonnes to exploit the up-dip portion of the copper deposit in the northwest of the licence area as well as the prospect for a larger mine by developing the resource down-dip and along strike to the southeast where drill data is more limited. More recently, the company has entered into an assignment agreement which assigned an option to Galileo to acquire a 51% interest in B.C. Ventures Limited which is the owner of the highly prospective lithium Kamativi Project in Southwest Zimbabwe and two gold licenses close to Bulawayo owned through its wholly owned Zimbabwe subsidiary Sinamatella Investments (Private) Limited.
Jubilee Metals Group Plc (AIM – JPL)
www.jubileemetalsgroup.com
Jubilee Metals Group Plc (“Jubilee”) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. Jubilee’s shares are traded on the AIM Market of the London Stock Exchange (JLP) and the South African Alt-X of JSE Limited (JBL). The company’s business model focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. Effectively, whilst extracting maximum financial returns from its operations, Jubilee responsibly rehabilitates environments scarred by the surface footprint of historical mining operations and solving air and water pollution issues associated with those installations. The company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals (‘PGMs’), chrome, lead, zinc, vanadium, copper and cobalt.
Kendrick Resources Plc (LSE: KEN)
www.kendrickresources.com
Kendrick Resources PLC (“Kendrick”) aims to deliver energy metals to Europe to help enable its renewable energy transformation by building a top tier energy metals production business focussed on quality vanadium and nickel mineral resources in Scandinavia. The company is incorporated and registered in England & Wales and at Admission on 6 May 2022 to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange, it had projects in Sweden and Finland and an option to acquire three nickel projects in Norway. The company’s short to medium term strategic objectives are to build a top tier energy metals production business focussed on quality vanadium and nickel mineral resources in Scandinavia.
Investment Policy
Updated 8th January 2025
The Group’s objective is to make investments in areas where the Board has expertise and experience, which will include investing in and incubating Technology Incubation Projects in addition to the Company’s traditional natural resources investments.
Initial investments will be for varying amounts initially, up to £250,000 per project dependent upon the resources and opportunities available to Tiger, under the new Investing Policy. Directors will have discretion to make investments outside this range. Investments will be focussed on, but not exclusively in, non-revenue generating early-stage companies which will not yet be generating revenue and often require additional funds to develop and expand their businesses. Therefore, after appropriate due diligence, the Company may provide further services to and/or make follow-on investments to support existing investments from time to time.
The Group has formulated a two-fold Investing Policy:
Participating in “passive style” equity investments where the Company does not play an active role in the operations or management of investee companies; and
Making more “proactive style” investments where the Company participates in incubating and structuring investee companies which will be an area of focus for the Technology Incubation Projects through its incubation and mentorship focussed engagement.
In the case of making non-equity type investments by providing capital and/or management support, these will be made in exchange for rights to a percentage of future revenues and/or carried equity positions aligning Tiger to the success of its investee companies. In such instances, fees would be charged in cash orin specie, dependent on the capital requirements of the investee company.
Both pro-active and passive investments can be equity type investments and/or in the form of a carried interest arrangement. The proactive style of investment articulated above may involve the Tiger’s officers taking executive roles in investee companies albeit generally through non-controlling stakes and generally being active in the management of the underlying investee company.