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The following is a round-up of trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Pennant International Group PLC - Cheltenham, England-based, defence sector-focused provider of systems support, technical services and training - Proposes underwritten direct subscription to raise £1.3 million in gross proceeds through the issue of 5.8 million new shares at 21.5 pence each. The underwriter, Brett Gordon, has a 12.1% stake in Pennant. The first, ‘firm’ tranche would raise £929,531, after which the ‘conditional’ tranche would raise the remaining £320,469. Company says the fundraise will allow ‘certain existing significant shareholders and, potentially, certain directors and employees’ to subscribe. Says subscription price respresents a 4.4% discount to the closing mid-market price of 22.5p on Friday. Pennant says the net proceeds will allow it to reduce its overdraft as planned and enable continued capital expenditure on its Auxilium software suite. A reduction in its overdraft facility with HSBC from £2 million to £1 million becomes effective on November 1. Company expects to announce the subscription’s results by Monday. ---------- Vault Ventures PLC - technology development company focused on blockchain, AI, and augmented reality - Purchases an additional 47.48 ETH (ether) cryptocurrency tokens. Its digital asset treasury as of Monday comprises 818.85 ETH and 2,201.10 SOL (Solana). Also issues 1.4 million shares to its broker as payment in lieu of cash success fee for previous placings, and 1.5 million warrants with a 2p per share exercise price over 36 months. Expects these to be admitted to trading on the Aquis Stock Exchange Growth Market on or around Friday. ---------- Gunsynd PLC - investor in companies and projects in the natural resource sector - Updates on the Barb Gold Project and Bear Twit Project in Canada. Gunsynd has a 100% legal and beneficial interest in both. Says mineral exploration company Critical Discoveries has completed its work digitising historical data on the Barb project and has mobilised for field work, which Gunsynd expects will ‘commence shortly’. Critical Discoveries has also completed field work at Bear Twit. ‘It is pleasing to announce boots on the ground at the Barb Gold Project as work continues at pace on our Canadian projects,’ comments Gunsynd Director Hamish Harris. ‘It’s also very pleasing to be able to announce that the field work at Bear Twit was completed with almost no delays due to bad weather, we very much look forward to being able to update the market with further news and assay results from the rock grab samples from both projects.’ ---------- Intuitive Investments Group PLC - Manchester, England-based investor in technology and life science firms - Says Hui10 Inc, its largest investment, has entered strategic cooperation agreements with Zhongyi Oriental Economic and Trade Development Co Ltd and Fashion Magazine Co Ltd, both wholly owned subsidiaries of China Poly Group Corporation Ltd. Hui10 is ‘a technology company involved in the digital transformation of the Chinese lottery’. Partnership is for the commercial rollout of officially licensed Team China ‘commemorative physical gold products and Sports Superstars collectibles’, with Poly designing, distributing and selling Lucky World Team China gold products attached to limited edition collectible ’Sports Superstars’ cards. Fashion Magazine and Hui 10 will collaborate on fashion-led promotions linked to gold medal-winning Chinese athletes and Olympic campaigns. Hui10 will introduce ‘Sports Lottery HongBao promotions, using Olympic imagery to drive engagement and customer acquisition’. Intuitive Investments says this marks the first time Olympic IP is officially tied to a national lottery marketing initiative. ---------- RentGuarantor Holdings PLC - London-based provider of rent guarantee services - Converts £35,000 principal value of its outstanding convertible loan notes, the issue of which it announced in November and January. The resulting new shares’ issue price will be set at either the average price at which its shares have traded during the sixty days prior to Monday, September 29; or at the closing price on that date, whichever is lower. The CLNs are held by Non-Executive Chair Graham Duncan, Chief Financial Officer Kieron Becerra and board member David Cliff via Syritta Ltd, a company owned by Cliff and his spouse. ---------- Imaging Biometrics Ltd - London-based medical services company - Announces deal with MedImageMetric LLC to commercialise QSMetric, MIM’s patented quantitative susceptibility mapping software currently available through IB on an annual license subscription. QSMetric measures tissue responses to magnetic fields and reveals ‘subtle biochemical changes often missed by conventional imaging’, with clinical applications for various conditions including brain tumours, multiple sclerosis, and psychiatric disorders. IB says the agreement ‘opens the door’ to joint initiatives like integrating QSMetric with IB’s solutions to enhance neuro characterisation; expansion into neuro-oncology, neurodegeneration, and vascular disorders; and co-developing AI-driven analytics and clinical decision support tools. ---------- East Star Resources PLC - Kazakhstan-focused copper explorer and resource developer - Completes current drill programme at its VMS copper targets and the Verkhuba copper deposit in East Kazakhstan with 2,302.8 metres drilled across nine holes over the three target areas. Five holes have been logged, cut, sampled and sent for lab testing, with the other four to be sent over ‘in the coming weeks’. East Star expects assay results ‘from the end of Q3 and into Q4’ and is planning further exploration work at all three targets. ‘Although assay results are pending, East Star is pleased to confirm that all holes have recorded sulphides in the target formations,’ it says. ‘Most notably, mineralisation was observed outside of the current resource envelope at Verkhuba where four drill holes focused on extending the shallowest part of the deposit to the north.’ ---------- Cap-XX Ltd - Sydney-based designer and manufacturer of supercapacitors and energy management systems - Announces the successful implementation of the new Datapel warehouse management system (WMS) platform at its manufacturing facility in Australia, and its partner site in Malaysia. Says this marks a key milestone in its digital transformation programme is designed to significantly improve the accuracy, efficiency and transparency of its manufacturing and inventory operations. Says the WMS system’s key capabilities include producrement automation, real-time booking and billing data, and manufacturing tracking, ‘with notable improvements in workflow efficiency and workload reduction’ for staff. Cap-XX is also finalising the integration of its Pipeliner customer relationship management (CRM) platform, to allow automated synchronisation of customer and inventory data. ---------- Mast Energy Developments PLC - reserve power generation plants developer - Sets initial target of developing, acquiring, constructing, and operating 1 gigawatt of UK AI data centre power campuses over the next 36 months. Believes it is ‘uniquely positioned to be a leading provider of power supply to AI data centres, and powering the UK’s AI revolution’, and that AI data centres ‘will become a major driver of Mast’s growth’. ‘The UK government is committed to establishing the UK as a leader in the AI datacentre and processing race, with a clear plan to scaling the UK’s public sector AI computing capacity by at least 20x by 2030,’ Mast notes. Says its new AI data centre strategy ‘provides significant growth potential for its investors’, noting that other firms like Equinix and MicroStrategy have previously started with a small market cap or valuation and quickly scaled to be worth over £1 billion. Says it is in advanced discussions with an AI datacentre developer and owner regarding a 25 MW campus shovel-ready development, and that the opportunity is scalable to 100 MW in the short term. ---------- Critical Metals PLC - developer and operator of the Molulu copper and cobalt project in the Democratic Republic of Congo - Says its largest shareholder, NIU Invest SE, has now increased its stake to 70.8 million shares or 69.62%. ‘NIU is...a leading Europe and US-based investment company focused on entrepreneurship and value creation, with the goal of becoming a fully integrated mining investor and operator with assets across North America, Latin America, Africa, and Europe,’ Critical Metals says. Chief Executive Officer Ali Farid Khwaja comments: ‘The increase in shareholding by our largest shareholder demonstrates the commitment and support of NIU Invest for the plans and outlook of Critical Metals PLC.’ ---------- Corcel PLC - oil exploration and production in Angola and Brazil - Awards ‘the upcoming 2D seismic acquisition programme within the KON-16 Block, onshore Angola’ to BGP Geophysical Ltd LDA and BGP Inc China National Petroleum Corp, through its subsidiary Atlas Petroleum Exploration Worldwide Ltd. Says this was ‘after a competitive bidding process’. BGP is to purchase 326-line kilometres of 2D seismic data over KON-16. Campaign is ‘targeting areas high-graded by the Corcel team to advance subsurface prospectivity to drill ready status’, with acquisition expected to start in the fourth quarter and finish by the end of the year. Expects seismic processing to occur in the first quarter of 2026 and results to follow in the second quarter. ‘Acquisition of 2D seismic data will allow the company to move to drilling preparation in 2026 with the aim to drill a high-impact well within KON-16,’ Corcel says. ‘BGP has extensive experience in onshore seismic acquisition across Africa and recently completed 2D programs in the Kwanza Basin, minimizing execution risk for this project,’ says Corcel’s Chief Operating Officer Richard Lane, adding: ‘By integrating legacy seismic data with historical well information and the 2024 eFTG data, we are confident that the forthcoming acquisition will identify and support several drilling opportunities within KON-16.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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