Small Caps Score Big: Zephyr and Quantum Make Key Breakthroughs
Zephyr Energy has secured non-dilutive financing of up to $15 million for its Paradox Basin project in Utah. The funding will come from Atlas Oil Company, which will be repaid purely from future production.
No shares will be issued and no working interest will be sold as a result of this deal.
Quantum Blockchain Technologies has received US approval for a patent application covering technology designed to cut redundant calculations in Bitcoin mining hardware. The company plans to explore licensing deals with established ASIC manufacturers.