Blencowe Resources #BRES – Exercise of Share Options
Blencowe Resources Plc (LSE: BRES) announces that Executive Chairman Cameron Pearce has exercised share options in the Company.
The share options were issued on 16 December 2021, with a 6p exercise price and a term of five years to maturity. Cameron Pearce was issued 1,500,000 options respectively and is exercising 1,000,000 at 6p, resulting in proceeds of approximately £60,000 for the Company.
|
Director |
Share Options Granted |
Exercise Cost at 6p |
Current Holdings |
Holdings on Admission* |
% Holdings on Admission |
|
Cameron Pearce |
1,000,000 |
£60,000 |
16,516,667 |
17,516,667 |
3.40 |
Admission and Total Voting Rights
An application has been made for 1,000,000 new ordinary shares to be admitted to trading on the Equity Shares (Transition) category of the official list and the main market of the London Stock Exchange from 8.00 a.m. on 10 September 2026 (“Admission”).
In accordance with the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company’s enlarged issued ordinary share capital will comprise 501,276,099 ordinary shares. The Company does not hold any ordinary shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA’s Disclosure Guidance and Transparency Rules.
Cadence Minerals #KDNC – Azteca Refurbishment Complete. Mechanical completion achieved; commissioning scheduled next week
Cadence Minerals plc (AIM: KDNC) announces that refurbishment of the Azteca processing plant at the Amapá Iron Ore Project is complete, with mechanical completion achieved on 3 September 2026. The plant now moves into commissioning. Commercial operations and shipments remain subject to successful commissioning and receipt of the operating licence (Licença de Operação) for Azteca (the “Operating Licence”).
Highlights
- Mechanical completion achieved: Refurbishment finished on 3 September 2026. All eight plant systems are complete.
- Execution delivered: Azteca advanced from approximately 48% completion on 2 July 2026 to mechanical completion on 3 September 2026.
- Commissioning next: Cold commissioning is scheduled to start next week. Wet commissioning will follow, with hot commissioning subject to completion of the applicable regulatory requirements.
- Safe delivery: No safety incidents were recorded during the reporting period.
- Remaining gates clear: Commercial operations and shipments remain subject to successful commissioning and grant of the Operating Licence.
Kiran Morzaria, Chief Executive Officer, commented: “Mechanical completion closes the refurbishment phase. The next job is to prove the plant through commissioning.
We will progress sequentially through cold, wet and hot commissioning, identifying and resolving issues as they arise. Commercial operations and shipments remain dependent on successful commissioning and grant of the Operating Licence.
Azteca is intended to establish the first production and cash-flow platform at Amapá. Successful delivery would move the project from refurbishment into operations and support the wider redevelopment strategy.”
Execution Update
All eight plant systems are complete: the hopper/feed system, transfer conveyor, screen, process tank, magnetic-separation circuit, piping, spiral concentrator and electrical system. The Company recorded no safety incidents during the reporting period.
Regulatory Position
The previously granted installation licence (Licença de Instalação) (the “Installation Licence”) authorised the refurbishment and installation works now completed at Azteca. DEV has submitted its application for the Operating Licence to SEMA/AP.
DEV is permitted to undertake cold and wet commissioning. Hot commissioning remains subject to completion of the applicable regulatory requirements.
Grant of the Operating Licence remains required before commercial operations and shipments can commence.
Next Steps
Cold commissioning is scheduled to start next week. The completed equipment, electrical distribution and control systems will be tested without ore. Completion of this stage will allow the programme to move into wet commissioning.
Wet commissioning will introduce process water and trial material through the wet circuit. Following completion of this stage, hot commissioning will commence once the applicable regulatory requirements have been completed.
Hot commissioning will involve limited processing of run-of-mine material to tune plant grade and recovery. Any concentrate produced during this stage will be stockpiled. Commercial operations and shipments will remain subject to successful completion of commissioning and grant of the Operating Licence.
Cadence Ownership
As of 31 May 2026, Cadence’s total investment in the Amapá Project was approximately US$16.1 million. Cadence holds a 36.2% equity interest in Pedra Branca Alliance Pte Ltd (“PBA”), which owns 100% of DEV Mineração S.A. (“DEV”), the owner and operator of the Amapá Project.
About the Amapá Project
The Amapá DR Iron Ore Project is a fully integrated iron ore operation in Brazil with established mine, rail, port and beneficiation infrastructure. The Project hosts a JORC-compliant Mineral Resource of 276 million tonnes at 38% Fe and a Proven and Probable Ore Reserve of 195.8 million tonnes at 39.34% Fe.
An updated Pre-Feasibility Study published on 3 December 2024 confirmed the potential to produce 67.5% Fe direct reduction grade concentrate at 5.5 Mtpa, with a post-tax NPV (10%) of US$1.97 billion over a 15-year mine life.
As part of a staged redevelopment strategy, Azteca is intended to be recommissioned as the initial production facility, targeting approximately 380,000 tonnes per annum of approximately 65% Fe concentrate from existing tailings. This initial production is intended to generate early cash flow to support ongoing operations and the broader development of the Project, subject to successful commissioning, completion of related regulatory workstreams and receipt of the Operating Licence.
For further information, contact;
| Cadence Minerals plc | +44 (0) 20 3582 6636 | |
| Andrew Suckling | ||
| Kiran Morzaria | ||
| Zeus (NOMAD & Broker) | +44 (0) 20 3829 5000 | |
| James Joyce | ||
| Darshan Patel
Matthew Diaz-Rainey |
||
| Fortified Securities – Joint Broker | +44 (0) 20 3411 7773 | |
| Guy Wheatley | ||
| Public & Investor Relations – Brand Communications | +44 (0) 7976 431608 | |
| Alan Green | ||
Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.
Cautionary and Forward-Looking Statements
This announcement contains forward-looking statements. Such statements are based on the current expectations, assumptions and beliefs of the Directors and are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance and may often be identified by words such as “believe”, “expect”, “intend”, “may”, “plan”, “should”, “will”, “could” and similar expressions. Actual results may differ materially from those expressed or implied by such statements due to a range of factors, many of which are outside the control of the Company, including changes in economic conditions, market conditions, regulatory developments, the actions of governmental authorities, the availability of funding and other risks affecting the Company’s operations. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement. Except as required by law or applicable regulation, the Company undertakes no obligation to update or revise any forward-looking statements.
Cavendish – Blencowe Resources #BRES Hypersonic rocket test further broadens hi-value pathway
Blencowe Resources reported further successful testing of graphite from its 100%-owned Orom-Cross project in Uganda, with material successfully incorporated into multiple critical components of a Pluto Aerospace hypersonic rocket, including an advanced ablative nozzle insert, performance-enhancing anti-friction and ice-phobic coatings applied to the fins, and a lithium-ion battery (LiB) powering its altimeter.
In the 18 August test, attended by US government agencies, the rocket achieved a speed of Mach 5.5 and acceleration approaching 150G, representing a substantial improvement on the previous test programme undertaken in April. Each rocket component containing Orom-Cross graphite successfully performed its intended function.
In our view, this result provides further evidence that Orom-Cross is one of the few graphite projects capable of supplying products of the quality required for demanding specialist, high value applications.
Price target 47.9p, implying 488% upside from current levels
#BRES Blencowe Resources PLC – Successful Hypersonic Rocket Testing
Blencowe Resources Plc (LSE: BRES) is pleased to report further successful testing of Orom-Cross graphite products within advanced aerospace and defence applications.
On 18 August 2026 American Energy Technologies Co (“AETC”), Pluto Aerospace, Purdue University and US Government Agencies, together with Blencowe COO Iain Wearing, attended a rocket test programme in Las Cruces, New Mexico. The successful Pluto Aerospace solid-fuel rocket flight achieved a maximum speed of Mach 5.5 and acceleration approaching 150G, representing a substantial increase in speed and acceleration from the previous test programme undertaken in April.
Importantly, Orom-Cross graphite was incorporated across multiple critical components aboard the hypersonic vehicle, including an ablative rocket nozzle insert, performance-enhancing coatings applied to the rocket fins and natural graphite used within the lithium-ion battery powering the rocket’s altimeter.
The successful test further demonstrates the potential for Orom-Cross graphite to access specialist, high-value aerospace and defence markets, supporting Blencowe’s strategy to continually develop higher-value product pathways as Orom-Cross advances towards production.
Highlights
· Successful hypersonic rocket flight in the USA incorporating Orom-Cross graphite across multiple critical components
· Pluto Aerospace rocket achieved a maximum speed of Mach 5.5 and acceleration approaching 150G
· Orom-Cross graphite incorporated within an advanced ablative rocket nozzle insert manufactured by AETC
· Orom-Cross natural graphite used in performance-enhancing anti-friction and ice-phobic coatings applied to the rocket fins
· Lithium-ion battery powering the rocket’s altimeter used natural graphite supplied by Blencowe alongside recycled graphite, with zero synthetic graphite
· Successful testing further demonstrates the potential for Orom-Cross graphite within high-value aerospace and military applications
· High-end defence applications provide potential pathways to new strategic offtake relationships and funding opportunities
· Continued collaboration with US graphite technical specialist AETC is opening further value-added applications for Orom-Cross graphite
· Further orbital testing planned for Q4 2026
Blencowe provided graphite concentrates from Orom-Cross to technical partner AETC, which manufactured mouldings for rocket and missile exhaust nozzles replacing a proportion of the synthetic graphites normally used in these applications. The resultant nozzles underwent rigorous testing prior to installation on the rocket.
The initial testing programme is being undertaken with Pluto Aerospace for hypersonic sub-orbital rockets, with orbital testing planned for the final quarter of 2026.
The successful flight conducted on 18 August 2026 utilised a substantially larger motor than the previous test undertaken in April, achieving a maximum speed of Mach 5.5 and acceleration approaching 150G.
In addition to the highly innovative rocket motor, Orom-Cross graphite was incorporated into several important components aboard the hypersonic vehicle:
· an advanced ablative nozzle insert manufactured by AETC for enhanced thrust performance;
· performance-enhancing anti-friction and ice-phobic coatings applied to the rocket’s four aluminium fins; and
· natural graphite used within the lithium-ion battery powering the rocket’s altimeter.
Of special note is the application of 3.8 Ah pouch cells, manufactured by Navitas Systems incorporating manufactured natural graphite supplied by Blencowe together with recycled graphite produced through AETC’s direct recycling process. The battery incorporated up to 15 wt.% recycled and “healed” graphite produced through AETC’s direct recycling process and represents the first known example in the North American battery industry of a fully functional form-factored battery incorporating industrially manufactured recycled graphite as a significant component of both the active material and cathode conductivity additive.
Importantly, the battery, comprised of 100% natural flake graphite from raw and recycled materials, with no synthetic graphites, further demonstrating the potential for Orom-Cross graphite to be utilised within specialist, high-value military and aerospace applications.
With the launch of this rocket, Pluto Aerospace and AETC highlighted a group of trusted vendors and raw material suppliers involved in the programme, including Navitas Systems, an advanced U.S. battery manufacturer; Blencowe Resources plc, the supplier of Orom-Cross graphite used in rocket nozzles, battery and ice phobic coatings aboard the flight; and Cadoux Limited, a supplier of nanoscale alumina used as a critical safety component of lithium-ion batteries.
Executive Chairman Cameron Pearce commented:
“These results continue to highlight the emergence of Orom-Cross graphite as an important source of high-quality graphite products for use in military and aerospace applications. There are relatively few graphite projects worldwide capable of supplying the quality of products required for these specialist applications, which may open new offtake relationships and strategic opportunities and places Orom-Cross in a strong position moving forward as we advance towards first production.”
As we complete funding for P1 Production and move to building the first stage of operations, we are continuously testing new products and adding new offtakers, each of which builds further value within the Project. Our strategy is to differentiate Orom-Cross from other graphite projects by targeting the most lucrative markets available to us, through both our products and strategic relationships.”
For further information please contact:
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Blencowe Resources Plc |
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Sam Quinn (Director) |
Tel: +44 (0)1624 681 250
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Sasha Sethi (Investor Relations) |
Tel: +44 (0) 7891 677 441
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Tavira Financial (Joint Broker):
Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
|
Oak Securities (Joint Broker): Mungo Sheehan / Jerry Keen |
Tel: +44 (0)20 3973 3678 |
|
Cavendish (Joint Broker):
Neil McDonald / Peter Lynch / Hanna Leijonmarck |
Tel: +44 (0) 20 7908 6000 |
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Diagram 1 : Showing latest Pluto rocket tested using Orom-Cross graphite
Diagram 2 : Rocket nozzle utilising Orom-Cross materials
Diagram 3 : Rocket Fins with Orom-Cross Ico phobic coatings applied to four sides (different samples), plus control sample (beige side)
Diagram 4 : Battery cell composed of 85% natural graphite (Orom-Cross) and 15% recycled graphite
#GDH Gledhow Investments PLC – Total Voting Rights
In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, Gledhow has 169,684,984 Ordinary Shares of £0.01 each in issue, each carrying the right to one vote.
The Company holds no Ordinary Shares in treasury.
Accordingly, the figure of 169,684,984 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The directors of the issuer accept responsibility for the contents of this announcement.
For further information please contact:
Gledhow Investments plc
Guy Miller
+44 (0) 20 7220 9795
Quoted Micro 31 August 2026
AQUIS STOCK EXCHANGE
Roundhouse AI (ETHL) plans to move to AIM to help with the progress in developing and enhancing the profile of its AI agent deployment infrastructure. No timing has been indicated. Net assets were £823,000 at the end of June 2026. The company joined Aquis as Roundhouse Digital on 30 January 2026. It was then an AI technology company with an Ethereum-denominated treasury. There was £1.1m raised at 4p/share. The company was valued at £10m. In July, Roundhouse AI sold all its 469.63246 Ethereum holding at an average price of $1,890.43 each. The cash will be invested in AI operations.
Valereum (VLRM) says the definitive agreement with Quorium Global Photonics (QGP) has become unconditional. Valereum has issued 55 million shares to QGP, taking its stake back to 49.9%, and has received a first-ranking security interest over mining interests in Queensland, Australia. Valereum has received 275,000 VGOLD-CORE+ tokens, with the remaining 4,500 tokens in escrow.
VVV Sports (VVV) says more than 20,000 spectators attended the London Premier Padel P1 tournament in August. There was UK media coverage of the tournament and subsidiary R3’s players.
Delta Gold Technologies (DGQ) has granted options over 300,000 shares exercisable at 148p each to advisers Professor Harry Ruda and Professor Kenneth Knappenberger Jr.
Ajax Resources (AJAX) chief executive Ippolito Ingo Cattaneo bought 200,000 shares at 6.5p each, taking the shareholding to 16.8%. Michael Hutchison bought 150,000 shares at 6.4p each, taking his shareholding to 3.85%.
Coinsilium Group (COIN) says that following achievement of agreed milestones for Nijinn, the Predictive Labs prediction markets analytics platform, it has subscribed for $100,000 of preference shares, taking the stake to 14.9%.
Hot Rocks Investments (HRIP) investee company Sunshine Gold has raised $1.02m via a convertible note. The company’s name will be changed to Suncrest Gold before a planned ASX listing. A tenement application has been lodged over a gold target in West Kimberley called the Kimberley King project.
Rise Investments has increased its stake in B HODL (HODL) from 7.63% to 8.24%. Adam Back took his stake above 26% and it was then reduced to 25.8%.
AIM
Caledonia Mining Corp (CMCL) has reported a maiden mineral resource for the Motapa prospect in Zimbabwe, which is next door to Bilboes, which should be in production by the end of 2028. The resource is 379,000 ounces of gold in measured and indicated categories and 131,000 ounces of inferred resource. This is before additional exploration this year. The Blanket mine, which is generating revenues for the company, has added further resource not just underground, but for the first time a shallow resource. The shallow oxide resource is 22,000 ounces of gold at surface and will be easier to mine adding to the cash generation possibly as early as the second half of 2026. This will provide additional cash to finance the development of Bilboes, which could cost around $600m.
Tungsten West (TUN) has secured investment of up to £71m from the National Wealth Fund. This is via a £36m equity investment at 36p/share, for a 7.42% stake in Tungsten West, and a £25m debt facility, plus a £10m uncommitted accordion facility. The UK government has an opportunity to secure an offtake agreement for up to 50% of tungsten production at the Hemerdon project. First production is targeted for the third quarter of this year and there are also offtake talks with a downstream tungsten refiner.
Staffing firm Empresaria (EMR) interim pre-tax profit has rebounded 256% to £3.2m and this led Allenby to rise its full year forecast from £5.2m to £6.2m. There was 5% growth in net fee income and costs were reduced. Net debt was flat at £17m.
Resources explorer and developer 80 Mile (80M) says that the Ferrandina biodiesel plant in southern Italy has received European sustainability accreditation. This means that the biodiesel should attract a premium price.
Canaccord Genuity has published a flash note on Kooth (KOO) suggesting that the $18bn Meta settlement has highlighted the mental health of youths and US state clients of Kooth mental health services are due to receive significant amounts of cash. The California attorney general claims that the money is earmarked for mental health and Kooth could receive additional work.
Diagnostics firm EDX Medical (EDX) has raised £2.7m at 14p/share. The cash will fund the new employee health screening service. Discussions continue with three potential clients, and two more companies have approached EDX. The company had expected to report 2025-26 revenues of £1.2m, but the auditors have advised that £860,000 should be deferred into 2026-27.
Surveillance technology supplier Thruvision (THRU) has received an order from government in Canada for the 8108 WalkTHRU equipment. It will be used for screening visitors to the council chambers. There have also been other orders in Europe.
Transport software and technology supplier Tracsis (TRCS) says group full year revenues improved from £81.9m to £85.5m and EBITDA rose from £12.6m to £13.5m. Cash was £19.4m at the end of July 2026 before the proceeds of the events business disposal and the acquisition of Mistral Data.
Building products supplier Alumasc (ALU) has sacked its new chief executive Pamela Bingham after an investigation into her professional conduct. The 2025-26 results will be published on 15 September.
Vast Resources (LON: VAST) has been admitted as a member of Defense Industrial Base Consortium and the Cornerstone Consortium. This puts the company in a position to interact with organisations involved in critical mineral supply chains in North America.
Southern Energy Corp (SOUC) expects to report the result of the Terrible Creek 21-2 #2 oil well in September. This is on the Williamsburg field and if the well is successful then another will be drilled before the end of the year. Southern Energy Corp announced that its second quarter production was 3% higher than the previous quarter at 1,743 barrels of oil equivalent per day, but lower prices meant that revenues were one-quarter lower at $4.2m. Cash generated from operations was $700,000 and cash was $8.6m at the end of the period.
Jarvis Securities (JIM) says that no offers have been received for its operating subsidiary and it will be wound down. There is no value in the subsidiary, and the board is considering returning any remaining capital to shareholders.
Trellus Health (TRLS) has appointed Quantuma Advisory as administrator. No return is expected for shareholders.
Sutton Harbour (SUH) has to refinance its debt, and a strategic review has decided it would be best to leave AIM. Annualised savings of £200,000 will be made. Net debt is £26m. The property portfolio was worth £45.7m at the end of March 2026, and properties worth £4.74m have subsequently been sold and helped to reduce debt. Further disposals are planned and there will be returns to shareholders.
MAIN MARKET
BATM (BVC) has nearly completed the sale of non-core operations so that it can concentrate on cyber and networks. First half revenues from those activities were 9% ahead and operating profit improved. Networks was loss making and cyber was profitable. Net cash was $14.6m at the end of June 2026. Trading is improving in the second half. A small 2026 pre-tax profit is forecast.
Packaging manufacturer and distributor Macfarlane Group (MACF) interims were in line with expectations. Revenues were 2% ahead, but volumes were flat. Pre-tax profit was 9% lower at £7.2m. The second half is expected to be better. The performance of the Pitreavie factory should recover.
Brand Communications Monthly Highlights Newsletter August 2026
Brand Communications Monthly Highlights Newsletter August 2026:
✅ Key announcements from #GDH #QHE #ECR #KDNC #BRES #FCM #GRX #URU #SVML #AYM #MDH #SCSP #FDR
✅ Broker notes from Zeus, Cavendish, OAK Securities
✅ @StockBoxMedia Research Talks August 3rd, 9th, 23rd & 30th covering #KDNC #AYT #OHGR #CGNR #NNL #MDH #EV1 #TRI #PALM #GDH #CMO #ZOO #BRES #DGQ #VVV #BUX
Read: https://mailchi.mp/branduk/brand-communications-highlights-newsletter-august-2026
Stockbox podcast with Alan Green, Mark Fairbairn and Dan Flynn covering #BRES, #DGQ, #VVV & #BUX
Stockbox podcast with Alan Green, Mark Fairbairn and Dan Flynn covers:
- Blencowe Resources #BRES
- Delta Gold Technologies #DGQ
- VVV Sports #VVV
- Buxton Resources #BUX
#BRES – Cavendish Note Blencowe Resources Lead-acid batteries: high-value pathway for USPG ‘waste’
Yesterday, Blencowe Resources provided further encouraging test results, demonstrating strong performance by graphite from its 100%-owned Orom-Cross project in Uganda in advanced lead-acid battery technologies, opening additional high-value sales channels spanning military, grid energy storage and other specialist applications.
In our view, this latest work supports Blencowe’s objective of achieving 100% utilisation of Orom-Cross concentrate and further demonstrates its strategy to differentiate the project through both product quality and end-market diversity. Together with the previously announced anti-radar coatings programme, this provides further evidence that Orom-Cross could command greater value through sales into higher-value specialist western markets.
Target Price 47.9p. Upside 495%
https://www.research-tree.com/companies/uk/industrial-metals-nonferrous/blencowe-resources-plc/research/cavendish/blencowe-resources-lead-acid-batteries-high-value-pathway-for-uspg-waste-/129_8dfc9f6b-aa87-4441-bdc1-4f4c462683ce/b361f66d-6310-4c74-b786-c1a96bed7ba9
#KDNC – Zeus Capital Cadence Minerals Azteca refurbishment nearing completion and operating licence application submitted
-Cadence has provided an update as it prepares the Azteca plant for production – refurbishment remains ahead of schedule at 97% physical completion.
-Most significantly, the electrical systems and circuits – a recognised critical path – are ahead of planned timelines
-Revenues from Azteca will reduce investors’ exposure to dilution as Cadence progresses the final feasibility study for Amapá. We see fair value at 14.6p per share.