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The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- EMV Capital PLC - technology and life sciences venture capital company - Says its wholly owned subsidiary, Moirai Acquisitions Ltd, enters into an asset purchase agreement to acquire from Destiny Pharma Ltd, certain assets relating to its XF drug platform, for up to £2.5 million. The platform is a ‘novel, ultra-rapid mechanism’ that reduces the chance of bacteria becoming resistance to its action. The consideration includes an initial cash payment of £475,000 and deferred consideration of up to £2 million. The initial consideration has been funded by third party funding, syndicated by EMV Capital Partners Ltd, the company’s wholly owned venture capital and corporate finance firm. Such funding has been provided in the form of a three year term loan with 100% warrant coverage. ---------- Hydrogen Utopia International PLC - London-based company focused on the conversion of non-recyclable mixed waste into clean hydrogen, new materials and renewable heat - Enters memorandum of understanding with Shahab Ahmed and Mohamed Al Mir from Muscat to secure funding of at least $1 million from an Omani partner to be applied predominantly towards the acquisition of a licence for InEnTec’s patented plasma enhanced Melter technology. HUI currently has the exclusive right to negotiate access to 10 licences for the technology across the Middle East & North Africa region. ‘This MOU marks a serious step forward in our global growth and environmental mission,’ says HUI Chief Executive Aleksandra Binkowska. ---------- Beowulf Mining PLC - Nordic-focused mineral resource developer - Provides an update on the status of the Kallak Iron Ore Project. Says numerous technical workstreams have advanced, which are essential to the completion of the pre-feasibility study. In addition, a number of workstreams have been advanced regarding the preparation and submission of a ‘robust’ environmental permit application. ‘We continue to successfully leverage industry partnerships to strengthen our understanding of the operational challenges and opportunities, aiding the technical development of the project, and it pleases me to see a steady flow of project enhancements being implemented,’ comments Chief Executive Ed Bowie. ---------- Puma VCT 13 PLC - venture capital trust - announces that it has invested £4.3 million in Kuai Commerce Ltd’s most recent funding round. Kuai Commerce Ltd, trading as YASO, provides an operating system for global brands operating in China. ---------- Argo Blockchain PLC - London-based blockchain technology company focused on cryptocurrency mining with operations in the US and Canada - Announces that following a hearing last week, Argo was notified by Nasdaq that the Nasdaq Hearings Panel has granted its request for continued listing on the Nasdaq Global Select Market, subject to the condition that Argo demonstrates compliance with all applicable listing rules on or before January 14, 2026. This overturns an earlier decision. Says the panel considered Argo’s recapitalization and determined that Argo’s continued listing request should be granted so as to allow it to complete that process. In addition, announces the promotion of Charlotte Proctor-Worrall to chief financial officer, effective Monday. Proctor-Worrall joined Argo in 2021 and has served as group financial controller since that time. ---------- Puma Alpha VCT PLC - venture capital trust - Announces that it has invested £230,000 in Kuai Commerce Ltd’s most recent funding round. Kuai Commerce Ltd, trading as YASO, provides an operating system for global brands operating in China. ---------- Mosman Oil and Gas Ltd - Sydney-based miner focused on helium, hydrogen and hydrocarbon - Receives approval from the Ute Mountain Ute Tribal Council for the company’s $150,000 bond, a prerequisite step to becoming an operator on tribal land in Colorado. Explains that the bond will cover all activities across the Sagebrush and Coyote Wash projects. Once formally accepted, Mosman will be authorised as operator, enabling the assignment of the Seeley lease and commencement of the Sagebrush well test. Securing Tribal bonding is a ‘pivotal’ achievement for Mosman, says Interim Chief Executive Howard McLaughlin. ---------- Renalytix PLC - London-based diagnostics company - Raises £5.2 million by a placing and subscription for around 54.7 million shares at 9.5 pence each. Renalytix had hoped to raise at least £4.0 million. Oberon Capital acts as sole bookrunner in respect of the placing, which was ‘significantly oversubscribed’. The retail offer remains open. Chief Executive James McCullough says: ‘The successful result of this fundraising provides important resources to support our growth and new collaboration with Tempus AI. Together we can expand advanced precision medicine testing to directly into the existing clinical work flow of the some 250,000 US primary care physicians caring for one of the largest chronic diseases populations today.’ ---------- Griffin Mining Ltd - focused on Caijiaying zinc, gold, silver, and lead mine in the Hebei province of China - Engages Panmure Liberum Ltd to implement the reverse accelerated bookbuild for the share buyback announced by Griffin on Friday. Panmure Liberum will purchase up to 10 million shares, around 5.4% of Griffin’s share capital, at a price to be determined by the buyback process. Griffin has authorised no more than $20 million to the execution of the buyback. ‘The directors of the company consider the RABB buyback to be in the best interests of the company and of its shareholders generally, with the implementation of the RABB buyback expected to enhance earnings per share,’ Griffin says. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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