Home » Uncategorized (Page 3)
Category Archives: Uncategorized
#FDR First Development Resources PLC – Commencement of Phase I RC Drilling at Lander West
First Development Resources plc (“FDR” or the “Company”), the Australian-focused exploration company, is pleased to announce the commencement of its Phase I Reverse Circulation (“RC”) drilling programme at its flagship Lander West gold target within the Selta Project in the Northern Territory.
The Phase I programme has been designed to test multiple high-priority gold targets generated through the Company’s systematic exploration programme, including geological mapping, geochemistry, airborne magnetics, Gradient Array Induced Polarisation (“GAIP”) geophysics and target generation.
The programme is expected to comprise up to approximately 3,000 metres of RC drilling and will be completed in stages, allowing geological observations from the initial holes to inform subsequent targeting. The Company will provide further updates as the programme progresses and as results become available.
Tristan Pottas, Chief Executive Officer, commented:
“The commencement of drilling at Lander West marks an important milestone for the Company and represents the culmination of many months of systematic exploration, technical evaluation, planning and permitting. We now look forward to testing these compelling targets and providing shareholders with updates as the programme progresses.”
For further information visit www.firstdevelopmentresources.com or contact the following:
|
First Development Resources plc Tristan Pottas (CEO) |
Tel: +44 (0) 20 3778 1397 |
|
Beaumont Cornish Limited Nominated Adviser Roland Cornish / Asia Szusciak |
Tel: +44 (0) 20 7628 3396 |
|
SI Capital Limited Broker Nick Emerson
|
Tel: +44 (0) 1483 413 500 |
Beaumont Cornish Limited (“Beaumont Cornish”) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
ABOUT FIRST DEVELOPMENT RESOURCES
First Development Resources’ assets comprise eight granted tenements covering a total area of 2,314.4km2. Five of the tenements, comprising three prospective copper-gold projects, are located in Western Australia (WA) while the remaining three tenements, comprising a rare-earth element (REE), uranium, lithium and gold project, are located in the Northern Territory. All tenements are wholly owned by FDR. The assets are a mixture of drill ready and earlier stage exploration.
The WA Projects include the Company’s Wallal Project as well as Ripon Hills and Braeside West Projects situated in the Paterson Province, which is widely regarded as one of the most productive regions in Australia for the discovery of world-class gold-copper deposits, and which is home to several world-class mines and more recent discoveries.
The Selta Project in the Northern Territory is located in an area considered highly prospective for uranium and rare-earth element mineralisation along with base and precious metal mineralisation. Numerous companies are actively exploring within the region.
Beyond the existing portfolio, FDR is actively looking to expand its portfolio through the acquisition of early-stage exploration projects in Australia.
Quoted Micro 13 July 2026
AQUIS STOCK EXCHANGE
Ajax Resources (AJAX) invested a further £200,000 in Reveille Resources (REV) at the flotation price of 5p/share. Ajax Resources owns 12 million shares and also owns 5.87 million warrants exercisable at 5p each and 10 million warrants exercisable at 10p each. The Reveille Resources share price ended the week at 11.5p. At the end of February 2026, Ajax Resources had cash of £3.13m.
Valereum (VLRM) has updated shareholders on progress with the digital asset and liquidity infrastructure being developed with Quorium Global Photonics. VCORE+ tokens have been issued and are subject to liquidity testing. Operational deliverables have not been completed in the agreed timeframe. Valereum says it reserves its rights under the agreement.
Residential developer Zentra (ZNT) has agreed an extension to its secured loan facility for the New Islington development in Manchester until 9 January 2027. The plan is to move into the construction phase in the first quarter of 2027.
AI-based manufacturing software provider IntelliAM AI (INT) is raising £220,000 at 70p each and £280,000 at from a convertible loan note issue. This will be invested in expanding operations in the US. In the first quarter Chivas brothers, Yeo Valley and Valeo Confectionery have been added to the customer list. Total orders were worth £200,000.
Evrima (EVA) owns 8.93% of Kalahari Key Mineral Exploration Company, which owns the Molopo Farms Complex project. The prospecting licence has been extended by two years and drilling has commenced.
Falconedge (EDGE) generated income of 0.4087 Bitcoin in June, taking the holding to 21.0824 Bitcoin.
Alvar Financial Services has reduced its voting rights in Vaultz Capital (LON: V3TC) from 8.45% to 6.97%.
Bitcoin investor B HODL (HODL) has started a share buyback because of the discount to net asset value. So far, 23,500 shares have been acquired at 4.57p each.
BWA Group (BWAP) chief executive Peter Taylor bought 471,500 shares at 0.424p each, while managing director James Butterfield acquired 350,000 shares at 0.44p each. Newbury Resources (NYR) non-exec James Richardson bought 4,075 shares at 520p each. Cardiogeni (CGNI) executive chairman acquired 1,000,047 shares at 10p each.
EPE Special Opportunities (EO.P) had an NAV of 486.65p/share at the end of June 2026.
JP JENKINS
AI and digital marketing services provider Silver Bullet Data Services Group (SBDS) has left AIM and moved to JP Jenkins.
AIM
Hostels operator Safestay (SSTY) is in talks with Infill Capital Partners concerning a bid that could value the company at £40.9m. That appears to include debt. There could be a cash offer and an unlisted share alternative. NAV was 22.21p/share at the end of 2025. Net debt was £18.6m.
Persistence Gold Group is investing £3.51m in GoldStone Resources (GRL) at 1p/share. This will fund a drilling programme at the Homase mine in Ghana to enhance the JORC mineral resource, plus exploration and mine planning. Persistence Gold can appoint one director while it owns more than 15% – the current stake is 20.96%. Strand Hanson has been appointed broker.
Engineer Avingtrans (AVG) has raised £21m at 630p, which was the previous day’s closing price. This cash will finance increased nuclear in Michigan. The plan is to add around £55m to annual revenues taking them to £90m by 2031. EBITDA could increase by £9.6m-£45m. There is a £5m contingency in the fundraising, so this could also be used for other parts of the business.
Clean Power Hydrogen (CPH2) shares returned from suspension following the finalisation of a fundraising. The retail offer raised the £500,000 target at 1.5p/share. The hydrogen technology company had already raised £2.54m from a placing and a further £4.47m has been raised conditionally. That would take the total to £7.5m. The cash will finance the change in strategy to one involving strategic partnerships, licensing and manufacturing agreements. The cash should last at least until June 2027.
A refinancing by floorcoverings company Victoria (VCP) has reduced debt and cut annual financing costs by £34m. Koch and consenting holders of 2028 loan notes have agreed the terms of a refinancing of the loan notes and Koch agreed to the refinancing of the preferred shares. New loan notes that mature in 2031 will be issued and there will also be ordinary shares swapped at a premium for part of the loan note debt and the majority of the preferred shares. This will reduce liabilities by at least £300m. Trading in 2025-26 was in line with guidance and this year there has been like-for-like growth.
Cleaner fuels developer Quadrise (QED) has raised £12m via a placing at 1p/share and a retail offer that could raise £1.2m is planned. The cash help to increase the scale of MSC/Cargill marine trials, complete other trials, secure supply agreements with refineries and pursue other opportunities. If the full amount is raised in the retail offer there should be enough working capital to get to cash flow positive in 2028-29.
Granicus Holdings, which sold Everfex to Fiinu (BANK), has sent a letter to major shareholders in the Plugin overdraft developer. The writer of the letter is former Everfex boss Karol Oleksa. The letter criticises the Fiinu management for the 2025 loss. A review of the Everfex business identified problems not disclosed at the time of the acquisition. Fiinu is suing the seller due to breaches of restrictive and covenants and seller warranties. The claims are valued at £16m.
Restructuring and property advisory business BTG Consulting (BTG) improved full year pre-tax profit from £23.5m to £25m. There were contributions from acquisitions, but organic revenue growth was 8%. Net debt was £1m at the end of April 2026. Canaccord Genuity upgraded its pre-tax profit forecast to £26.5m.
Outsourced surgery provider One Health Group (OHGR) grew full year revenues 11% to £31.6m and pre-tax profit improved from £1.9m to £2.7m. This year the new surgical hub is being built and that will reduce interest income, so there could be a small dip in profit. This year’s estimated capex is £8.5m, but there should still be net cash by the end of March 2027. Once the new surgical hub is up and running there will be a much higher depreciation charge, but cash generation will improve. Forecasts do not include any contribution from the surgical hub. This provides upside to profit forecasts from 2027-28 onwards.
IT managed services provider SysGroup (SYS) reported full year results in line with forecasts and expectations for 2026-27 have been upgraded. SysGroup increased full year revenues by 8% to £22.1m, following a fall in the first half. Flat overheads offset a higher depreciation charge, so underlying pre-tax profit improved from £300,000 to £400,000. Zeus has edged up its forecast revenues from £24.3m to £24.5m, but pre-tax profit has been upgraded from £1m to £1.5m to reflect the stronger second half margins. Net cash is expected to reach £4m.
Jarvis Securities (JIM) has received £1m in in deferred consideration for the sale of the retail broker business. Another £1m is due in January 2027.
MAIN MARKET
BATM Advanced Communications (BVC) has gained a three-year contract extension with a broadband and cable operator in the US. This worth $1.3m.
Seed Capital Solutions (SCSP) has terminated the potential acquisition of AI company Cuarta Dimension Medica, due to the change of control not being forthcoming from the authorities in Spain. The shares have returned from suspension.
Online travel hostel agency Hostelworld (HSW) is maintaining full year guidance. Interim revenues are 12% ahead at €52.2m. Transaction volumes were 1% higher even though the Middle East conflict held back volumes. The Elevate tool increased income and marketing efficiency improved. The interims will be reported on 29 July.
Andrew Hore
#URU URU Metals Limited – Result of shareholder analysis
URU announces that, following the completion of an independent third-party shareholder register analysis of depositary interest holdings, the Company is aware of the following significant shareholders as at 30 June 2026, being those with an interest in 3% or more of the depositary interests representing the ordinary issued share capital of the Company (“Ordinary Shares”).
|
Shareholder |
Holding of Ordinary Shares |
% of interest in Ordinary Shares in issue based on issued share capital as at 30 June 2026 |
|
Mr John Zorbas |
12,605,800 |
13.00 |
|
Hargreaves Lansdown Asset Mgt |
12,242,109 |
12.63 |
|
Axis Capital Markets |
11,104,329 |
11.45 |
|
Interactive Investor |
8,168,889 |
8.42 |
|
Ms Sharon J Tansley |
5,000,000 |
5.16 |
|
Halifax Share Dealing |
4,731,352 |
4.88 |
|
Barclays Wealth |
4,007,083 |
4.13 |
|
A J Bell Securities |
3,911,738 |
4.03 |
|
Shore Capital Stockbrokers |
3,518,839 |
3.63 |
|
Mr Steven Geoghegan |
3,332,588 |
3.44 |
|
Mrs J M Burne |
3,256,359 |
3.36 |
Other than as previously announced by RNS, URU has no further information pursuant to Rule 17 Schedule Five of the AIM Rules for Companies in respect of any dealings by the above mentioned shareholders in the Ordinary Share capital of the Company.
For further information, please contact:
|
URU Metals Limited John Zorbas (Chief Executive Officer)
|
+1 416 504 3978
|
|
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat / Caroline Rowe / Devik Mehta |
+ 44 (0) 203 470 0470 |
#FCM First Class Metals PLC – Drill assay results from the Roy prospect, Sunbeam
First Class Metals PLC (“First Class Metals”, “FCM” or the “Company”) the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, is pleased to report the final, cumulative drill results for the Roy drilling programme on the Sunbeam Property.
Highlights
· Bonanza-grade gold confirmed in diamond drill hole (DDH) SUN26-05 by double Fire Assays (“FA”), validating the previously reported Photon Assay (“PA”) results
· Gold mineralisation confirmed over approximately 300m of strike, with anomalous to potentially ore-grade gold values, remaining open along strike and at depth
· Recent structural interpretation indicates the Roy Prospect forms part of the district-scale Nahanni Shear Zone (“NSZ”), considered comparable in geological setting to the Marmion Shear Zone (‘MSZ’), host to the 3.3Moz Hammond Reef gold deposit
· Drilling has tested approximately 300m of strike, representing around 1% of the interpreted Nahanni Shear Zone , leaving the vast majority of the prospective structural corridor untested
· The Very Low Frequency (‘VLF’) geophysical and soil survey grid from 2025 has now been extended by approximately 1.5km to the northeast along strike.
· Exploration work continues at the parallel Pettigrew trend, applying the structural model developed at Roy to generate drill targets.
· An Exploration Permit application has been submitted for winter drilling on the frozen lake adjacent to Roy
· Quote has been sought for detailed airborne geophysics over the core area of the property.
Marc J. Sale CEO First Class Metals Commented:
“The final assay results from the drilling at Roy have confirmed our belief in the potential for the Roy trend. The visible gold presence is supported by both photon and fire assay analysis, giving us further confidence in the high-grade nature of the mineralisation.
We are building on the information derived from the drilling, the VLF and the soil survey to refine follow up drill targets along the trend as well as the area of potential high-grade mineralisation at Roy. Importantly, the programme has also significantly improved our understanding of the wider Nahanni Shear Zone, of which we have only tested a very small proportion to date.
In parallel we are applying the knowledge gleaned from Roy to Pettigrew where data collating is ongoing as well as a detailed VLF and soil sampling survey. All this information will form the basis for drilling at Pettigrew as well as eventually the wider property.”
Roy structure
Recent geological mapping and structural interpretation has significantly enhanced FCM’s understanding of the Sunbeam Property. The Roy, Pettigrew and Sunbeam trends are now interpreted to form part of a major district-scale shear system, referred to as the NSZ.
The name NSZ was first proposed by Ferri[1] following mapping of the Sunbeam/Road zone area for Nuinsco in 2021. Building on this work and the exploration conducted by Emerald Geological Services (‘EGS’), FCM’s consulting geologist, Chris Cooper, believes the morphology of the NSZ can be compared to the Marmion Shear Zone, see Figure 1.
The MSZ hosts the 3.3Moz Hammond Reef gold deposit, (cutoff grade is 0.41g/t). Whilst there can be no assurance the NSZ hosts a deposit of similar scale, the structural similarities significantly enhance the Company’s confidence in the exploration potential of the wider Sunbeam Property.
Figure 1 showing the Marmion shear zone, MSZ hosting the 3.3M oz Au Hammond reef deposit on the left[2] and the proposed Nahanni shear zone NSZ on the Sunbeam property on the right.
This represents a significant advance in understanding the structural controls on mineralisation across Sunbeam. Importantly, the completed drill programme has tested only approximately 1% of the interpreted Nahanni Shear Zone, highlighting the considerable exploration upside that remains across the wider system
Roy drilling
The results are now available for the ~1,000m drill programme at Roy on the Sunbeam property.
FCM management considers the programme an outstanding success with 11 of the 12 holes intersecting the targeted ‘structure’. The other hole was designed as a scissor to confirm the dip of the target zone and by so doing support the drill hole orientation – the azimuth, being used.
The potentially mineralised package occupying the structure extends for a strike length of 300m, see Figure 2 and remains open along strike to the northeast and southwest, as well as at depth.
Figure 2 showing the 12 drill holes at Roy with initial interpretation of the potentially mineralised package which extends over 300m, as well as in deep red the higher grade core zone.
Drill results
The Fire Assay for all the drill holes have been received, including the visible (“VG”) samples.
Initially the three samples which were identified as containing VG were submitted for photon assay, as this method analyses the whole sample and is therefore more representative as well as being non-destructive. Subsequently the same samples along with the rest of the sampled core from holes SUN26 05 – 26 12 were analysed by fire assay, which uses only about 50g of the total sample. A second ‘check’ FA was also performed on each of the three VG samples, including the sample which returned the previously reported assay of 45 g/t Au by PA from hole SUN26 05.
The FA results supported the PA results, in so much in hole SUN26 05 the average of all three assays (PA+FA+FA) was 40.2g/t Au. The results from hole SUN26-06 were similarly supported.
The assays have confirmed several important aspects of the Roy mineralisation
· The potential for high-grade intersections in the Roy structure / package, with SUN26-05 reporting 5.1m @ 4.14g/t Au from 13.9m depth, containing the VG sample with 45g/t Au
· Potential for broad low-grade zones (bulk tonnage) with SUN26-05 reporting 16.95m @ 0.45g/t Au from 5m (note this is oblique to the mineralisation) and
o in hole SUN26-06 3m @ 0.27g/t Au from 53.3m, and
o in hole SUN26-01A 8.5m @ 0.45g/t Au from 43.5m and
o in hole SUN26-02 9.5m @ 0.49g/t Au from 16.67m and
o in hole SUN26-11 5.1m @ 0.67g/t Au from 8.9m;
o in hole SUN26-12, 5.4m @ 0.227g/t Au from 13.6m
o as well as 4.6m @ 0.54g/t Au from 20.6m
· Hole SUN26-09, the most northerly hole also contained anomalous gold, indicating the potentially gold bearing ‘package’ has an open in all directions strike of >300m
· Central core area of about 100m extent, containing the higher gold values identified to date, see the red zone in Figure 2, which represents a priority target for follow up drilling
Further study of the core is planned as there is additional potential for VG in the half core that was not sampled. As well there are ‘outlier’ values, for example:
· @32.0m in hole SUN26-06: 1.2g/t over 1.0m
· @50.6m in hole SUN26-08: 1.04g/t Au over 0.7m
· @57.6m in hole SUN26-10: 1.18g/t Au over 0.5m
These anomalous ‘sample points’ require further investigation during an overall review of the drill core and to further augment the structural controls on the mineralisation.
Ongoing exploration
The Roy trend has now been confirmed, through historic work and prospecting / soil sampling by EGS, over 3km of strike towards the 111ppb lake sediment sample.
The recently completed, combined soil and VLF survey grid extends almost 5km from the Roy mine shaft area, to the northeast, see Figure 3.
Figure 3 Showing the soil (and coincident VLF) grid, locations of historic shafts, including Roy, and drill holes around the Roy shaft as well as the strike extension to the NE.
As previously stated, the gold is seen in association with galena, potentially an important pathfinder. When the lead (Pb) and gold are plotted on the soil grid anomalous values indicate several ‘bullseyes’ along strike. The current work in the northeast is designed to prove further continuity of this model.
FCM has approached a renowned Toronto based, international geophysics company for a quote for a detailed geophysics survey over the central area of the Sunbeam property. It is intended if accepted and executed that the interpretation will include the ground-based VLF as well as the soil data from both Roy and Pettigrew.
Work on the parallel lineament that hosts the Pettigrew development continues with a combined VLF and soil survey as well as intense structural mapping of the stripped areas.
The growing understanding of the structural controls to the mineralisation gleaned from the geological investigations at Roy and ongoing work around the Pettigrew shafts and pits will be collated to form the basis of a drill proposal at Pettigrew as well as recommendations for follow up drilling at Roy. To this end an Exploration Permit has been lodged with the Ministry requesting drill holes ‘on the ice’ to allow step back – deeper drilling at Roy.
Qualified Person
The technical disclosures contained in this announcement have been drafted in line with the Canadian Institute of Mining, Metallurgy and Petroleum standards and guidelines and approved by Marc J. Sale, who has more than 30 years in the gold exploration industry and is considered a Qualified Person owing to his status as a Fellow of the Australian Institute of Mining and Metallurgy.
Glossary of Technical Terms
|
Term |
Explanation |
|
Alteration |
Chemical changes to rock caused by mineralising fluids, often associated with ore-forming processes. |
|
Assay |
Laboratory analysis used to determine the concentration of metals within a rock sample. |
|
Azimuth |
The compass direction in which a drill hole or geological feature is oriented, measured in degrees from north. |
|
Core |
Cylindrical rock recovered during diamond drilling, used to examine geology and mineralisation. |
|
Diamond Drill Hole (DDH) |
A hole drilled using a diamond drill bit to recover continuous rock core for geological logging, sampling and analysis. |
|
Fire Assay (FA) |
The industry-standard laboratory analytical method that uses high-temperature fusion to separate and concentrate precious metals, such as gold and silver, from a sample for accurate determination of their concentrations laboratory method for determining gold content in a sample. Typically only a small sub-sample (commonly 50g) is analysed. |
|
Galena |
A lead sulphide mineral (PbS) that can be associated with precious metal mineralisation in some geological systems. |
|
LiDAR |
Light Detection and Ranging, a remote sensing technique that uses laser pulses to produce highly detailed maps of surface topography. |
|
Logging |
The detailed geological description and recording of drill core, including rock type, alteration and mineralisation. |
|
Mineralised Package |
A sequence of rocks containing minerals associated with potential economic metal deposits. |
|
Photon Assay (PA) |
A non-destructive analytical method that measures the gold content of an entire sample using photon activation, reducing sampling bias associated with coarse or visible gold. |
|
Quartz Vein |
A fracture or crack in rock that has been filled with quartz. Quartz veins are commonly associated with gold mineralisation. |
|
Sampling |
The process of cutting and collecting sections of drill core for laboratory analysis to determine metal content. |
|
Schist |
A metamorphic rock characterised by strong foliation and aligned mineral grains. |
|
Strike |
The compass direction of a geological feature, such as a vein or shear zone, measured along its horizontal extent. |
|
Strike Length |
The horizontal distance over which a geological structure or mineralised zone can be traced. |
|
Structure / Structural Zone |
A geological feature, such as a fault or shear zone, that may control the movement of mineralising fluids and the location of mineral deposits. |
|
Tonalite |
A coarse-grained intrusive igneous rock similar to granite, commonly found in mineralised geological terranes. |
|
Visible Gold (VG) |
Gold that can be seen with the naked eye in drill core or rock samples. Visible gold does not necessarily indicate economic grades but is considered a positive indicator in gold exploration. |
For Further Information:
Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here: https://firstclassmetalsplc.com/link/rLz96y
For further information, please contact:
James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641
Marc J Sale, CEO and Executive Director
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532
AlbR Capital Limited (Financial Adviser)
David Coffman/Dan Harris
Website: www.albrcapital.com
Tel: (0)20 7469 0930
Axis Capital Markets (Broker)
Richard Hutchinson
Website: Axcap247.com
Tel: (0)203 026 0449
#FCM First Class Metals LTD – Kerr’s Explained: A Webinar with FCM & nGRND
First Class Metals PLC (LSE: FCM), the Ontario focused gold exploration company, is pleased to announce a live investor webinar to discuss the recently announced landmark agreement with nGRND Inc (‘nGRND’) relating to the Kerrs Gold Project.
The webinar, titled “Kerr’s Explained: A Webinar with FCM & nGRND”, will be hosted live on Thursday 9 July 2026 at 1:00pm BST.
Joining First Class Metals’ management team will be Professor Lisa Wilson, Chief Executive Officer of nGRND Inc, who will discuss the structure of the agreement, the rationale behind the transaction and what it means for both companies.
The webinar will also provide investors with the opportunity to gain a greater understanding of nGRND’s innovative preserved gold and alternative land use monerisation model announced as part of the agreement by the Company.
The session will commence with a short overview of the recently announced agreement, with the majority of the webinar dedicated to answering questions submitted by investors. Representatives from both First Class Metals and nGRND Inc will be available to discuss the transaction and its significance for both companies.
Existing and prospective investors are invited to register for the webinar using the link below:
Register here:
https://firstclassmetalsplc.com/webinars/y5aRly-kerrs-explained-a-webinar-with-fcm-ngrnd
For further information, please contact:
Investor questions on this announcement
We encourage all investors to submit questions ahead of the webinar via our Investor Hub.
https://firstclassmetalsplc.com/link/exoAby
For further information, please contact:
James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641
Marc J Sale, CEO and Executive Director
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532
AlbR Capital Limited (Financial Adviser)
David Coffman/Dan Harris
Website: www.albrcapital.com
Tel: (0)20 7469 0930
Axis Capital Markets (Broker)
Richard Hutchinson
Website: Axcap247.com
Tel: (0)203 026 0449
#FCM First Class Metals PLC – Total Voting Rights
In accordance with the FCA’s Disclosure Guidance and Transparency Rules, as at 30 June 2026, the Company’s issued share capital consists of 424,276,349. Ordinary Shares of £0.001, each with one voting right. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 424,276,349.
The above figure of 424,276,349 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if 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.
Ends
For Further Information:
Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here: https://firstclassmetalsplc.com/link/PnK1ly
For further information, please contact:
James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641
Marc J Sale, CEO and Executive Director
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532
AlbR Capital Limited (Financial Adviser)
David Coffman/Dan Harris
Website: www.albrcapital.com
Tel: (0)20 7469 0930
Axis Capital Markets (Broker)
Richard Hutchinson
Website: Axcap247.com
Tel: (0)203 026 0449
#GRX GreenX Metals Limited – Issue of Shares on Exercise of Options
GreenX Metals Limited (GreenX or Company) advises that it has issued 643,572 ordinary fully paid shares (Shares) on the exercise of 1,500,000 unlisted options pursuant to a cashless exercise facility.
An application for the admission of the Shares to the Equity shares (international commercial companies secondary listing) listing segment of the Official List of the FCA (Official List) and to trading on the main market of the London Stock Exchange for listed securities (LSE Admission) will be submitted in due course.
For the purposes of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTRs), following LSE Admission, the Company’s issued ordinary share capital will be 311,972,551 ordinary shares. The above figure of 311,972,551 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following LSE Admission.
Following the issue of Shares and unlisted options, GreenX has the following securities on issue:
· 311,972,551 ordinary fully paid shares;
· 11,000,000 performance rights that have an expiry date 8 October 2026;
· 4,025,000 unlisted options exercisable at A$0.55 each on or before 30 November 2026;
· 7,600,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029;
· 7,600,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030; and
· 5,600,000 unlisted options exercisable at A$1.50 each on or before 31 May 2031.
A Change of Directors Interest Notice is provided below in relation to the exercise of options.
Enquiries:
|
GreenX Metals Limited |
Tel: +61 8 9322 6322 |
|
Dylan Browne, Company Secretary |
Email: info@greenxmetals.com |
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
|
Name of entity GreenX Metals Limited |
|
ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Mark Pearce |
|
Date of last notice |
2 December 2025 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Direct or indirect interest |
Direct and Indirect |
|
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
NMLP Family Trust (beneficial interest)Crystal Brook Investments Pty Ltd (beneficial interest) |
|
Date of change |
26 June 2026 |
|
No. of securities held prior to change
|
a) 2,728,589 b) 500,000 c) 600,000 d) 600,000 |
|
Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$0.55 each on or before 30 November 2026 c) Unlisted incentive options exercisable at A$1.05 each on or before 31 May 2029 d) Unlisted incentive options exercisable at A$1.20 each on or before 31 May 2030 |
|
Number acquired |
a) 214,524 |
|
Number disposed |
b) (500,000)
|
|
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Issue of 214,524 ordinary shares following the exercise of 500,000 unlisted options pursuant to a cashless exercise facility |
|
No. of securities held after change |
a) 2,728,589 b) – c) 600,000 d) 600,000 |
|
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Issue of ordinary shares following the exercise of unlisted options pursuant to a cashless exercise facility |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Detail of contract |
Not applicable |
|
Nature of interest |
Not applicable |
|
Name of registered holder (if issued securities) |
Not applicable |
|
Date of change |
Not applicable |
|
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Not applicable |
|
Interest acquired |
Not applicable |
|
Interest disposed |
Not applicable |
|
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
Not applicable |
|
Interest after change |
Not applicable |
Part 3 – +Closed period
|
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
|
If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
|
If prior written clearance was provided, on what date was this provided? |
Not applicable |
|
Initial notification/Amendment |
Initial |
|
LEI |
213800EHCGNYSCN9T108 |
|
Place of transaction |
Australian Securities Exchange (ASX) |
Quoted Micro 22 June 2026
AQUIS STOCK EXCHANGE
Daniel Thwaites (THW) improved annual turnover 5% to £127m and earnings also rose 5% to 13.5p/share. Strong trading helped to offset the higher employment costs. Net debt was reduced to £67.7m at the end of March 2026. The total dividend has been raised from 3.5p/share to 3.75p/share. Growth in inns was much greater than in tenanted pubs. The main profit improvement was in the hotels and spas division. Early trading in the current financial year has not been as strong as last year, partly down to the weather.
Tomahawk Metals (TWHK) has completed due diligence on the Slovakian gold and antimony assets. Completion of the transaction should be in four to six weeks. The payment is five million shares issued in two tranches valued at 2p each. A further £100,000 is payable when the company moves to AIM.
Mollyroe (MOY) had cash of £113,000 at the end of 2025. There is an ongoing interest in AI-powered filmmaking platform developer Cascade Studio, which has been advanced £740,000.
Fenikso (FNK) had net assets of £22.9m at the end of 2025. The latest receipt of funds from Lekoil and Gas Investments is $971,881, leaving $31.4m owed.
B HODL (HODL) says its lightning service provider platform has achieved early demand for its liquidity services and this provides Bitcoin-denominated fee income. Management acknowledges that the Bitcoin price has been falling. It says that it has sufficient cash for its requirements.
Delta Gold Technologies (DGQ) has raised £143,000 through the exercise of warrants at 50p each. The quantum computing IP developer has renewed its research collaboration with the University of Toronto for a second year. A provisional patent has been filed.
Ajax Resources (AJAX) says Environmental Impact Assessment of the Macacha copper and silver project should be received in July. A tender process has begun for the proposed drilling campaign. This will be used to update the historical oxide Mineral Resource Estimate of 6.6 million tonnes grading 0.62% copper and 18 g/t silver. There are also additional prospective areas.
WeCap (WCAP) investee company WeShop has appointed Maria Weaver to help US expansion for the community-owned shopping platform. WeCap directly owns 806,022 class A shares and effectively owns a further 489,583 shares via its 23.5% stake in Community Social Investments. That is an effective stake of 11.8%.
Sterling Digital (ASIC) has raised £383,000 at 6p/share, which was a premium to the then share price. This will help to fund the energy-led Bitcoin mining infrastructure strategy.
New energy B (NRGB) director David Lenigas bought 100,000 shares at 13p each, taking his stake to 5.6%. Astrid Intelligence (ASTR) executive chairman Mark Creaser bought an initial 166.67 million shares and chief executive Siam Kidd also acquired 166.67 million shares all at 0.09p each.
Infinity Resource Group has taken a 6.6% stake in Marula Mining (MARU). RiverFort Global Capital has a 13% shareholding in Nomad Compute (NMD).
EPE Special Opportunities (EO.P) has recommenced share buybacks.
ASSET MATCH
Wadworth (WAD) has decided to suspend trading of A shares in Asset Match to move to the PISCES-based market operated by Asset Match. This ensures compliance and avoids disruption.
VP Fintech (VPF) investee company Valens Pay will be an official participant in the Circle Alliance Program. Circle issues USDC stablecoin. Valens Pay is developing a non-custodial digital asset payment ecosystem designed to enable individuals and businesses to hold, transfer, and utilize stablecoins.
AIM
Cinemas operator Everyman Media (EMAN) plans to leave AIM and shareholders will be asked to agree to the proposal at a general meeting. There is apparently backing from holders of two-thirds of the share capital. The board will initially hold discussions with key stakeholders before announcing the general meeting. Net debt was £22m at the end of 2025. There is no indication whether there will be a tender offer to shareholders who do not want to maintain their shareholding in a private company. Everyman Media has had a tough few years since Covid lockdowns, but there are signs of improvement. In the 21 weeks so far this year, revenues were 26.5% higher at £58.5m. Director Charles Dorfman continues to buy shares. He has acquired 227,000 shares at 35.89p each. This follows other purchases before and after the announcement. He owns 8.38%.
DBAY Advisers has acquired a 5.45% stake in capital machinery supplier Mpac (MPAC) following the disappointing results and downgrade. Richard Griffiths has a 3.74% interest. They obviously see value in Mpac at this level. Interim finance director Duncan Tyler has bought 4,000 shares at 233.6p each. Non-exec David Squires bought 10,000 shares at 249p each and 10,000 shares at 248p each.
Online retailer boohoo (DEBS) reported full year results in line with expectations. Cost reductions are going well, and the loss was reduced to £23.9m. Panmure Liberum raised its 2026-27 forecast revenues by 8% to £877m but kept the pre-tax profit forecast of £21.2m unchanged. Capex will be halved this year, helping to improve cash generation and nearly halve net debt to £47m at the end of February 2027. That is before a potential sale of the Burnley warehouse.
Quantum Helium (QHE) has confirmed helium-bearing gas, reservoir connectivity and commercial oil production following the Sagebrush-1 extended production test in Colorado. The company has a 90% working interest. Helium concentrations of 2.5% have been confirmed and there is an unexpected oil discovery that could produce up to 40 barrels per day.
University technology investor Frontier IP (FIPP) has raised £4m via a placing and subscription at 12p/share and a retail offer raised a further £400,000. There was £1.6m in the bank at the end of 2025. There are six core holdings in the portfolio and some of these may be nearing realisations. The cash will help to finance near-term opportunities. It will also help to fund development of the company’s new facility which will help to develop new investee companies. Annual overheads have been reduced to £2.5m. The NAV was 52.7p/share at the end of 2025.
Electricals retailer Marks Electrical (MRK) has been fined £1.2m, reduced to £700,00, by the CMA because of misleading presentation of optional paid services. There is also consumer redress of £600,000. New compliance measures are in place. This comes at a times when trading appears to be improving, although it is still tough. Full year revenues fell from £117.2m to £108.4m, and underlying pre-tax profit was £856,000.
Gift packaging and stationery supplier IG Design (IGR) returned to paying dividends and announced a share buyback programme. The latest figures have changed from US$ to pounds. Ongoing pre-tax profit fell from £14.9m to £8.6m. The decline was in the UK and Europe as IG Design sought to maintain market share. Net cash was £54.6m. The final dividend is 1p/share, and the plan is to pay dividends at least three times covered by earnings. The latest is covered seven times.
Offshore energy services provider Tekmar Group (TGP) improved interim revenues by 31% to £16.2m, and the loss was more than halved from £2.7m to £1.1m. Net debt was £3.6m at the end of March 2026. Activity is at record levels and capacity utilisation is increasing. Tekmar could get near breakeven in the year to September 2026.
Audio visual services provider MediaZest (MDZ) increased interim revenues from £1.91m to £2.67m and made a small underlying pre-tax profit. The reported pre-tax profit of £754,000 included a £546,000 gain on the write-off of interest on convertible loans and £198,000 gain on restructuring borrowings. Key projects are being rolled out. Full year revenues could reach £5m, up from £4.15m, and associated pre-tax profit of more than £250,000, compared with £103,000.
Driver monitoring technology company Seeing Machines (SEE) has agreed an expansion of an existing automotive programme. This extends the range of vehicles using the technology. There is an additional $31m that will be earned and production starts later in 2026. This follows the new contracts announced on Monday with two Japanese car manufacturers that are existing clients. Production starts in 2028 and the contracts will generate revenues of $11m.
Emmerson (EML) says that it has been granted a UK patent for its Khemisset multi-mineral process. This is designed for use on the Khemisset potash project in Morocco, but it could be used for other potash deposits. It halves water usage and increases recovery rates. Arbitration with the Moroccan government over the Khemisset project continues.
Neonatal ventilators supplier Inspiration Healthcare (IHC) increased full year revenues by 24% to £47.5m, helped by one-off exports. The company broke even following a loss of £3.1m in the previous year. The focus is own brand sales and the Mircel distribution contract is ending. That will hit revenues in 2026-27 along with expected lower exports after the one-off contract, and it means Inspiration Healthcare could return to loss. Underlying revenues should improve, though. Net debt could fall from £5.1m to £4.6m due to lower working capital.
MAIN MARKET
Nanoco (NANO) says that it would not have gained enough votes to gain approval to depart the Main Market. The general meeting was not held. It is engaging with shareholders.
Motor dealer Caffyns (CFYN) revenues dipped 2% to £270.7m and there was a move from profit to loss. The dividend is unchanged at 10p/share. Net debt is £7.3m. Costs are being reduced.
Quantum Data Energy (QDE) is considering its options after the resignation of Crowe as auditor. It believes that the reasons given were vague and it disputes them.
Andrew Hore
Quoted Micro 15 June 2026
AQUIS STOCK EXCHANGE
Sterling Digital (ASIC) has entered a gas purchase agreement with a US supplier to power the Bitcoin mining operations in West Texas. The agreement lasts five years and includes the rights over 1.5 acres of land to establish the Bitcoin mining site. There is a minimum buying commitment of 96,360MMBtu of gas each year. Site installation works have commenced.
energy B (NRGB) is acquiring the 35% working interest in the Horse Hill oil field near Gatwick owned by UK Oil and Gas (UKOG), as well as the 77.9% shareholding in Horse Hill Developments. The combined interest in the relevant licences is 85.6%. The cost is £1m with an initial deposit of £100,000. A placing will raise £1.2m at 12p/share. This deal is part of plans to build a portfolio of oil and gas projects, as well as continuing with the wind turbine business. The Bitcoin treasury strategy has been withdrawn. David Lenigas is joining the board as executive chairman and Neil Ritson becomes chief executive.
Mendell Helium (MDH) has published updated details of its move to AIM. The move has been set for 16 June.
BWA Group (BWAP) has released results from the Aracari gold project ground magnetic survey. Major regional thrust and strike-slip faults were highlighted. A soil sampling programme has been completed.
Marula Mining (MARU) says copper sales from the Kinusi copper mine have been delayed from May to June. The Kilifi manganese processing plant postponed the initial manganese ore trial shipment due to the conflict in the Middle East. The budget for the NCLT tungsten project in South Africa has been set at $8.1m. This will be spent in two phases over 14 months. The first phase costs $2m.
Capital for Colleagues (CFCP) investee company Morris Commercial has unveiled the pre-production Morris-JE electric van. There is a path to pilot production in 2027 and commercial scale production the following year.
Wishbone Gold (WSBN) has completed 14 holes of the 25 hole drilling programme at the Red Setter project in Western Australia. Samples are being sent to Perth and results are expected at the end of July.
Ormonde Mining (ORM) investee company TRU Precious Metals has commenced a field works programme at the Golden Rose project in Newfoundland.
Falconedge (EDGE) has generated an income of 0.1766 Bitcoin during May. It holds 20.6736 Bitcoin.
Ethtry (ETHY) bought 75 Ethereum at £1,250 each for a total cost of £93,750. The company owns 1,000 Ethereum.
Unicorn Asset Management has reduced its stake in Incanthera (INC) from 9.47% to 8.61%.
Sebastian Marr and family have taken a 16.1% stake in Vaultz Capital (V3TC). Regent Resources Capital Corp owns 17.6%. Bryan Reid has sold his 7.28% shareholding.
Mark Barry has taken a 3.6% stake in Vault Ventures (VULT).
ASSET MATCH
Broker Direct (BRKD) fell into loss in 2025. The company stopped distributing EDI products to brokers and it launched new products for its clients. Revenues declined from £18m to £14.5m. There was a swing from a pre-tax profit of £368,000 to a loss of £1.85m. Cash was £11.5m at the end of 2025.
Marshall of Cambridge (MCH) has announced more details of the sale all its property holdings in Cambridge, including Cambridge Airport, to The Hill Group and Homes England. The gross purchase price is £200m before costs and tax. There is potential for further payments if the development outperforms expectations. This enables the company to focus on the aerospace business, although there are plans to sell this. Equity Development estimates a mid-point NAV of 324p/share.
VP Fintech Group (VPF) plans to acquire GlblNexus Inc. The Wyoming-based company is developing a crypto-to-crypto payment gateway designed to for digital asset payments, settlements, and blockchain-based transaction processing. The cost is currently confidential.
AIM
Marketing services provider Silver Bullet Data Services (SBDS) is asking for shareholder approval for a departure from AIM. It argues that the weak financial markets mean that the company is undervalued and hampers its ability to raise money. This will also save £500,000 each year. A general meeting will be held on 25 June. A matched bargains facility operated by JP Jenkins will operate for at least 12 months.
Virgin Wines (VINO) says full year revenues are 4% ahead even though the wine retail market is down by one-fifth. The fourth quarter was slightly weaker than expected. Higher rent costs and lower interest income have led to an increase in forecast 2025-26 loss to £1.5m. Warehousing is being consolidated in Preston. Cavendish expects a lower loss in 2026-27 and forecast net cash of £4m at the end of June 2027 should be the low point.
Genetic testing developer GENinCODE (GENI) reported 14% growth in 2025 revenues to £3.1m, but investment in preparation of growth in the US and other markets meant that the loss increased. There was a £4.12m cash outflow from operating activities during the year. Earlier this year, £4.3m net was raised at 1p/share, so there is enough cash to take the business into 2027. This year the new manufacturing and distribution deal with Thermo Fisher will start to make a contribution and an FDA submission for the CARDIO inCode-Score test assessing coronary genetic risk is expected in the third quarter. If things go to plan approval could be received by the end of 2026. Updated guidelines for this type of test were announced in March, and they should provide additional momentum for sales. This year Spain will continue to be the main generator of revenues, but GENinCODE is laying the foundations for additional growth in other markets next year. Ian Amiee, Daryl Amiee and Doolittle SSAS account Amiee has acquired a 3.06% stake.
Professional project services provider Diales (DIAL) management says the company’s turnaround is complete with legacy issues sorted out and selective hiring will help to maintain growth. Europe and North America were the main engine of growth in the first half. Interim revenues were 10% ahead at £23.7m and pre-tax profit improved from £700,000 to £1m, even after a £500,000 impairment charge. The gross profit margin rose from 26% to 29%. Utilisation levels dipped from 71.4% to 70.2%, although there was improved utilisation in Asia Pacific which moved back into profit on lower revenues. Revenues and profit were lower in the Middle East. Net cash was £3.9m at the end of March 2026. Full year pre-tax profit is expected to improve from £1.4m to £1.5m reflecting caution concerning global uncertainty.
Pri0R1Ty Intelligence (PR1) generated revenues of £174,000 in the year to September 2025 and the underlying loss was £3.3m. Cash was £796,000 at the end of September 2025. So far this year contracted revenues are more than £400,000. Prior to the results announcement the company announced an unsecured convertible loan note of £1.25m, and an At-The-Market facility will enable repayment of the convertible through share issues. The cash will provide working capital.
Capital machinery supplier Mpac (MPAC) is selling its subsidiary Lambert and trading remains tough. Lambert produced specialist packaging lines and differed from the rest of the business which supplies more standardised capital equipment. Lambert lost money last year, but it is expected to return to profit in 2026. Italy-based Mech.i. Tronic is paying an initial £16m for Lambert with up to £4m more depending on performance in 2026. This deal is part of the reason behind a sharp cut in the 2026 pre-tax profit forecast, but there are also tough trading conditions putting pressure on margins.
Shares in skin treatments developer SkinBioTherapeutics (SBTX) returned from suspension after the restated annual results and the most recent interims were published following an investigation in the financial affairs of the business. Royalty revenues of £770,000 were inappropriately recognised in 2024-25 due to fabricated documentation. That and the timing of bonuses hit past profit. Bonuses paid to Martin Hunt and Dr Cathy Prescott have subsequently been repaid. Interim revenues improved from £1.58m to £2.17m, while the loss was reduced from £1.04m to £794,000, but that was due to a £250,000 write back of contingent consideration.
Podcast platform operator Audioboom (BOOM) has concluded its strategic review. There were three potential bidders, but they were deemed to be undervaluing the business. First quarter revenues were a record and a 2026 pre-tax profit of $6.5m is forecast.
Atome Energy (ATOM) says that a presidential decree relating to the fixed price power purchase agreement with ANDE in Paraguay has been revoked. This means that there is uncertainty about the electricity tariffs for the Viletta fertiliser production project.
Medpal AI (MPAL) says that the UK regulatory approval of the first oral GLP-1 receptor agonist tablet developed by Novo Nordisk has come earlier than expected and this will provide a boost for the company’s New Health weight management clinic. It broadens the potential market.
Mindflair (MFAI) says CameraMatics, an investee company of Sure Valley Ventures, is raising up to €49m and Sure Valley Ventures first fund is realising part of its investment. This means that Mindflair, which invests in the fund, will receive a share of €280,000 in cash and will have a €320,000 working capital facility repaid. It also owns 24.4% of Sure Ventures plc which will receive €880,000.
Thor Energy (THR) has achieved impressive results from the phase 2 soil-air geochemistry survey at the HY-Range project, where it has a 80.2% interest, in South Australia. Peak natural hydrogen recorded was 0.3%, which is much higher than previous readings and the normal background levels. Exploration targets are being identified. Detail will be added by a 2D seismic survey.
Corporate finance business Marechale Capital (MAC) has obtained FCA approval for the acquisition of Stanford Capital Partners.
Great Western Mining Corporation (GWMO) shares will start trading on the US OTCQB market today and they should be attractive to US investors because of the mining assets in Nevada.
MAIN MARKET
Ground engineering and piling business Keller (KLR) has won an order for the I-40 highway in the US. This valued at $207m, taking the total work on the highway to $380m, of which $70m has been completed. The total order book is worth £1.9bn.
Seraphim Space Investment Trust (SSIT) has made another large book gain on a mature investment. ICEYE is valued at more than €10bn following the latest fundraising. Based on this the value of the holding has more than doubled to £202m. The increase is equivalent to 73p/share.
Cindrigo Holdings (CINH) has completed subsurface analysis and reservoir modelling for the Eich Hamm geothermal licence area. The estimated exploitable energy is 50% higher at 157.8MW, plus 7,230 tonnes per annum of lithium carbonate equivalent could be produced.
Neo Energy Metals (NEO) has suspended finance director De Wet Schutte after a misconduct allegation, although it does not relate to financials.
Andrew Hore
Quoted Micro 8 June 2026
AQUIS STOCK EXCHANGE
Incanthera (INC) is acquiring skincare brand Enielle for up to 54 million shares at 2p each depending on performance and its owner and boss Stuart Robertson will become Incanthera chief executive, taking over from Dr Simon Ward who will remain on the board. Tim McCarthy is stepping down as executive chairman. Enielle focuses on day time treatment of wrinkles and skin texture and it will fit with Skin + CELL, which is focused on evening use. There will be a multi-channel sales strategy and pricing is being reviewed.
Mendell Helium (MDH) has revealed its plans for the move to AIM. This is expected to happen in late June. No new shares will be issued.
Tomahawk Metals (TMHK) has completed the acquisition of the Koolyanobbing gold project in Western Australia. Progress is being made with due diligence for the option over Slovakian assets.
Low-energy digital asset miner Sterling Digital (ASIC) has entered into a contract with Terra Solis Mining for installation support for the first gas to energy site. Sterling Digital has opened a Bitcoin custodian account with Coinbase.
Quantum computing technology developer Delta Gold Technologies (DGQ) partner Penn State University has filed three patent applications, and these will be added to the Delta IP portfolio. The patents relate to using gold and other materials for their quantum mechanical properties for sensing, computing and information processing. Warrant exercises have raised £209,000. Directors have been buying shares.
Heart health ingredients developer ProBiotix Health (PBX) has secured a partnership with Slovakia-based iProbio for the supply of its probiotic strain LPLDL® for a new cardiometabolic health food supplement branded as CARDIObiom+®. Heat disease deaths in Slovakia are around 50% higher than the EU average.
Vaultz Capital (V3TC) is raising £1m from resources investor Regent Resources Capital Corporation at 2.2p/share. Creditors owed £320,000 will be paid. Vaultz Capital is assessing deals “aligned with the energy transition and digital economy, including strategic minerals, AI and digital infrastructure”. Eric Benz has had his employment terminated and he is no longer a director. Ian Burns is joining the board. Executive chairman Charlie Wood bought two million shares at 2.44p each. The share price is 2.6p, compared with an estimated NAV of 3.1p.
Quorium Global Photonics SPC has reduced its stake in Valereum (VLRM) from 49.9% to 44.8%.
Sulnox Group (SNOX) announced a distribution agreement with DLBC, which supplies lubricants to agricultural and transport clients in France. This broadens the use of Sulnox emissions reduction additives.
Vault Ventures (VULT) has identified that trading by its Dubai subsidiary in crypto assets has led to large losses and the loan pf £2.15m advanced to the subsidiary will be written down. There are still potential recoveries from the business.
WeCap (WCAP) has raised £37.250 at 0.35p/share for working capital for the next six months.
BWA Group (BWAP) has appointed Peter Taylor as chief executive.
Ethry (ETHY) has bought 108.3253 Ethereum for £162,488. That takes the total stake to 925 Ethereum
EPE Special Opportunities (EO.P) announced on 1 June that it planned to buy back up to £2m worth of shares. It has bought 206,250 shares and does not intend to buy any more.
Unigel (UNX) shareholders voted to leave Aquis. Chan E Lin has taken a 6.74% stake. The cancellation will be on 22 June.
JP JENKINS
Renewable energy company Thrive Renewables (THRV) reported a decline in full year revenues from £26m to £21m, while operating profit fell from £11.3m to £3.6m. This is due to lower electricity prices. The final dividend is 12p/share. The plan is to double generation capacity by 2028.
ASSET MATCH
Isles of Scilly Steamship Company (IOS) says its new freight vessel is on its way from Vietnam. The company wants to move Skybus into profit. Trading was in line with expectations in the year to March 2026. Andrew Sells has requested access to the share register so that he can contact shareholders.
Marshall of Cambridge (MCH) has sold all its property holdings in Cambridge, including Cambridge Airport, to The Hill Group and Homes England. The airport site will be leased back so that operations can be moved by 2029. Further details will be announced.
Zytronic (ZYT) has sent out the circular to gain shareholder approval for the winding up of the company. The general meeting will be on 26 June and the company would leave Asset Match on 27 June. A cash distribution is expected within three months.
Gulfsands Petroleum (GPX) reported a cash outflow from operations of $2.89m in 2025. Net debt is $1.53m. In march 2026, a management team set foot in Block 26 in Syria for the first time in more than 14 years.
AIM
Corporate finance business Marechale Capital (MAC) is acquiring broker Stanford Capital Partners along with global asset tokenisation platform Blubird Global and NJC Capital Management VSA Private Fund and its manager. The payment is 75.2 million shares issued at 1.75p each, which values the businesses at £1.32m. There will be £1.06m raised at the same price. This will make Marechale a digital merchant bank with tokenisation offering an alternative way of raising money for clients.
Portmeirion (PMP) raised £15m at 50p/share and a retail offer could raise up to £2m more. The homeware brands company will use the cash to reduce net debt and to invest in the US Amazon online business that has been brought in-house. There could also be small bolt-on acquisitions.
Iodine producer Iofina (IOF) has secured an additional supply of brine for the IO#11 plant and this will increase utilisation rates and profit. Annual production iodine volumes could increase to 45-65 tons. Production could start to increase during the third quarter of 2026. A $1.5m investment is required for a pipeline and other related costs.
Pawnbroker Ramsdens (RFX) made a higher profit in the first half than in the previous full year. The interim pre-tax profit jumped from £6.1m to £16.7m, and interim dividend is raised from 5p/share to 9p/share – including a special dividend of 3p/share compared with 0.5p/share the previous year. The loan book is at record levels. Precious metals purchases more than doubled and jewellery retail sales grew by 26%. Forex income declined. Cavendish raised its 2025-26 pre-tax profit forecast by 6% to £30.3m.
Scotland-based housebuilder Springfield Properties (SPR) has eliminated bank debt and had net cash of £1m at the end of May 2026. This will provide opportunities to acquire additional land when there are good prospects available. Full year pre-tax profit is set to be in line with expectations at £12.6m in 2025-26.
Electronic and electro-mechanical component supplier LPA Group (LPA) returned to profit in the first half. Revenues increased 45% to £13.8m with a recovery in rail income and higher industrial sales. There was a return to profit. The order book is worth £29.3m and stretches to 2028-29.
CleanTech Lithium (CTL) has raised £4.77m via a placing at 6p/share. A proposed WRAP retail offer could raise up to £250,00. The outstanding convertible loan notes will be converted into 64.5 million shares. Chairman Steve Kesler has taken £276,273 of fees in 4.6 million shares at the issue price. The cash raised will fund licence purchase costs at Laguna Verde, finance the environmental impact assessment and refinement of the direct lithium extraction processes. Nearly 20 million options will be granted to directors and senior management as part of an incentivisation package.
Floorcoverings distributor Likewise (LIKE) has increased like-for-like revenues by 16.5% in the first five months of the year. May was 19% ahead. That is higher than the first quarter growth of 15%. Capacity is being increased and it will exceed £250m per year.
Ceramic and fragrance products supplier Portmeirion (PMP) announced a fundraising late on Wednesday evening. It raised £15m at 50p/share and a retail offer could raise up to £2m more. The homeware brands company will use the cash to reduce net debt and to invest in the US Amazon online business that has been brought in-house. There could also be small bolt-on acquisitions.
Petrogas will not be making a bid for Deltic Energy (DELT). Neo Next+ Energy Upstream, which is part of the largest North Sea oil group, has bid 7.7p in cash per share and it has been recommended by the board of the oil and gas company. The value is £7.2m.
MAIN MARKET
Seraphim Space Investment Trust (SSIT) continues to rapidly increase its NAV as its portfolio of investments matures and they start to generate revenues. In the quarter to March 2026, the NAV increased by one-quarter to 177.6p/share. Higher defence spending has boosted space investment. Many of the investments have raised money and are well-financed. The £137m raised in the C share issue provides additional funds for new investments.
Andrew Hore