In May 2018, Koppar (KRX) raised $4.5 million on the ASX with some Cu/Zn projects in Norway, while KPR was still reviewing the historical data, a lithium-rich brine project in Germany was introduced to the company in July 2019.
The vendor, Dr Frances Wedin was appointed to MD became the largest shareholder, and Koppar adopted the name to Vulcan Energy. The zero-carbon lithium concept was well received by the market, the Vulcan stock price soared from 0.15 to the current level $13.50.
But what to do with the original Norwegian scraps? Therefore Kuniko was formed and crowned with "Zero Carbon Metals." Within two days of trading , punters must be thinking this could be the next Vulcan, they got more excited as discovering John Hancock ranked #4 in Kuniko ( also among top 20 in Vulcan), pushed up a 20c IPO stock to $3.60.
I have to say that the latest Kuniko presentation is much prettier than Koppar's draft , and the market obviously loved to hear that the first exploration activities had commenced at the Skuterud Cobalt and Vangrøfta Copper Projects. I have added it to my watch-list.
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