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The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- Eneraqua Technologies PLC - energy and water efficiency solutions company - says it has ‘experienced significant delays in the receipt of payments’ from some clients early in its new financial year. Its prior financial year concluded on January 31. It also cautions that the deferral of some energy projects has ‘placed significant strain on the company’s balance sheet and supply chain’. ‘The company is accordingly managing working capital closely and actively engaging its finance provider through its invoice discount facility, who have been supportive of the company. The company has also engaged advisers to assist in exploring opportunities for additional interim funding should it be required,’ it adds. ---------- CVC Income & Growth Ltd - invests in senior secured loans and other sub-investment grade corporate credit - Proposes to make changes to the master-feeder structure which ‘it is believed will, over time, be beneficial for all investors’. Plans a new investment vehicle, CVC Credit Partners Performing Credit SCA SICAV-RAIF - Compartment 1 - European Credit Opportunities Fund, which is to be structured as a sub-fund of an umbrella partnership limited by shares operating as a reserved alternative investment fund. The new RAIF vehicle will be an alternative investment fund for the purposes of the Alternative Investment Fund Managers Directive and as such, will require an alternative investment fund manager. CVC Europe Fund Management will perform this role, with CVC Credit Partners as the delegated investment manager. ---------- Sovereign Metals Ltd - Malawi-focused mine explorer and developer - Says the latest testwork on graphite from the Kasiya Rutile-Graphite Project in Malawi has delivered highly successful results. The results will assist with ongoing offtake discussions with anode manufacturers. Sovereign is developing Kasiya to potentially become the world’s largest and lowest-cost natural graphite producer outside of China. ‘Kasiya remains a primary rutile project, but our ability to also produce exceptional [coated spherical purified graphite] with world-class performance characteristics from our natural graphite concentrate is a further demonstration of the geopolitically strategic nature of Kasiya,’ says Managing Director & Chief Executive Frank Eagar. ---------- Coro Energy PLC - South East Asian energy company with a natural gas and clean energy portfolio - Raises just over £1.6 million via placing of 329 million shares with existing and new institutional investors by Tennyson Securities. Non-Executive Chair Tom Richardson comments: ‘We are very grateful to our shareholders, new and existing, for their support - this fundraise is an important moment as we look to complete the transformation of the business and now focus fully on building our SE Asian renewables portfolio. We are excited about the opportunities that lie ahead of us and I look forward to updating shareholders on our continued progress in due course.’ ---------- SolGold PLC - Ecuador-focused exploration company - Reports multiple high-grade intervals at Tandayama-America as part of the Cascabel execution plan. Says the first three holes confirm high-grade resource core at Tandayama-America. Adds a fourth drill rig is to be added to expedite results. These follow-up holes build on prior drilling at Tandayama and continue to confirm near-surface copper-gold mineralisation within a potential open-pit design envelope. The ongoing drill program is designed to support the company’s strategy to develop a staged, open-pit and underground operation at Cascabel. ‘These early results from the 2025 Tandayama campaign are highly encouraging. The grades we are seeing at shallow depths and continuity of mineralisation reinforce our staged development plan, with Tandayama playing a central role in the Cascabel open-pit to underground strategy. With three rigs active and a fourth on the way, we’re accelerating our understanding of the near-surface potential and building the data required to advance engineering and execution,’ says Chief Executive Dan Vujcic. ---------- Griffin Mining Ltd - China-focused mining company receives $30.3 million in dividends from its operating Chinese subsidiary Hebei Hua Ao Mining Industry Co Ltd since November 2023. Griffin now has a cash balance held outside of China of $53.7 million. ---------- Capital Metals PLC - London-based mining firm targets mineral sand deposits in the South Asian country - announces it has received the second set of drill assay results from the phase 1 drilling programme in the northern EL168 area in Sri Lanka. Says further exceptional total heavy mineral grades have been confirmed from the second batch of samples with heavy liquid separation assays continuing to demonstrate high-grade mineralisation. Executive Chair Greg Martyr says: ‘Results to date indicate a significant extension of mineralisation and potential for many multiples of the existing resource to be achievable in the initial mining area. We are hopeful that applying the same methodology throughout the remainder of the resource area will continue this trend. We look forward to providing further reports as appropriate during the ongoing drilling campaign in order to support a targeted Mineral Resource upgrade before the end of this calendar year.’ ---------- Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Pretax loss narrows slightly to £1.0 million in the financial year ending July 31 from £1.1 million a year prior. Company says it has invested significantly in research and development in the period which accounts for a significant portion of the loss incurred. ‘Despite the challenges of being a technology developer in a tough economic environment, we have never lost sight of the prize. The performance improvement of the HFI wind turbine over existing ones is potentially game changing on a world-scale. We look forward to further demonstrating this in the coming year with the next prototype delivering additional certified results and with plans to upscale to a larger turbine,’ company says. ---------- Kavango Resources PLC - Botswana and Zimbabwe-focused precious metals exploration company - At the Nightshift, Bill’s Luck, and Steenbok Prospects at Hillside, within Zimbabwe’s Filabusi Greenstone Belt, gold-bearing quartz veins have been confirmed to occur within well-developed shear zones, Kavango says. Preliminary structural interpretations highlight the importance of understanding the broader kinematic framework of these shear zones, as it provides critical insights into the controls on mineralisation. Chief Executive Officer Ben Turney comments: ‘As Kavango continues to make progress helping to unlock Zimbabwe’s goldfields, we will start to release some more technical announcements, alongside our standard market releases.’ He continues in the first ’Technical Update’, ‘we have successfully completed a study that has constrained the structural controls on gold mineralisation in three key shear zones of the Filabusi Greenstone Belt. Understanding the structural controls for gold mineralisation is crucial for discovering gold mines.’ In addition: ‘At Hillside, the oblique-dominated shear zones and reactivated fabrics represent significant targeting criteria for ongoing gold exploration. We are encouraged by what we have proven and believe this will us accelerate development of our Steenbok, Nightshift and Bill’s Luck mining targets.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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