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The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Panthera Resources PLC - London-based, West Africa and India-focused gold explorer and mine developer - Takes note of recent speculation regarding the ongoing availability of its $13.6 million arbitration funding agreement with LCM Funding SG Pty Ltd, a subsidiary of AIM-quoted Litigation Capital Management Ltd. Says the agreement ‘remains unchanged and continues to be fully available’. Speculation followed the October 1 update by LCM on its ongoing strategic review. Adds the facility, announced in 2023, is about 50% drawn. The agreement relates to the claim made by Australian subsidiary Indo Gold Pty Ltd against the Republic of India. Indo Gold alleges the latter’s breach of the 1999 agreement on the promotion and protection of investments between Australia and India. ---------- East Star Resources PLC - Kazakhstan-focused copper and gold explorer - Provides an update on recent exploration and future work plans at its Snowy epithermal gold target. Highlights include vein samples showing up to 1.44 grams of gold per tonne at surface, with veins traced over 100 metres of strike and remaining open to the north. The company says its current interpretation now fits a low-sulphidation epithermal mineralisation model, similar to deposits such as Round Mountain and Silicon-Merlin in Nevada. CEO Alex Walker says the latest mapping and rock-chip geochemistry are ‘delivering encouraging results,’ and the updated deposit model ‘has the potential to host a large gold system.’ Next steps include a detailed mapping and sampling programme over the Snowy veins to ‘establish the true scale of the mineralisation at surface and better delineate the target’. Says an induced polarization survey likely to follow. -------- Cornish Metals Inc - tin mining firm developing the South Crofty project in Cornwall, England - Enters arrangement agreement with Cornish Metals PLC under which Cornish Canada will be re-domiciled to the UK. Expects completion in December, subject to regulatory and shareholder approval. The effort to re-domicile to the UK is in conjunction with the investment by National Wealth Fund Ltd. CEO Don Turvey says: ‘Re-domiciling Cornish Metals from Canada to the UK simplifies the company’s structure and better aligns with our strategic and operational focus in the UK to restart tin production at our South Crofty mine in Cornwall.’ Expects to benefit from reduced regulatory, legal and other costs associated with the dual-listing, as well as improved liquidity from a single quotation on AIM. -------- Fiinu PLC - Weybridge, Surrey financial technology provider - Fully draws down the £2/million convertible loan facility agreed with Conister/Bank/ Ltd. Proceeds will be used for general working capital purposes and to support the continued development and commercialisation of its proprietary technology platform. Facility terms remain unchanged. Says it ‘values the ongoing support from Conister, which has been a constructive and committed partner as the partnership progresses towards the joint launch of/the PlugIn/Overdraft,’ slated for the fourth quarter. Elsewhere, appoints Marex Financial as the joint broker effective immediately. Oberon Capital remains the other joint broker. Relatedly, the retained broking arrangement with SP Angel Corporate Finance LLP has now concluded. Says the parting is ‘on good terms’ and ‘both parties remain committed to maintaining a positive working relationship’. Says these developments reinforce its ‘strategic progress, strengthen its capital position, and should enhance its market representation as Fiinu prepares for its next stage of growth’. -------- Sunda Energy PLC - Southeast Asia-focused gas resource company - Awarded non-operated interests in two offshore petroleum service contracts in the first conventional energy bid round of the Bangsamoro Autonomous Region of Muslim Mindanao, Philippines. The awards follow joint applications submitted by the bid group comprising Triangle Energy Ltd, Sunda Energy, PXP Energy Corp, and The Philodrill Corp. Sunda now holds a 37.5% working interest in each of the two licence blocks located in the south-west Sulu Sea. ---------- Paragon Banking Group PLC - Solihull, England-based bank - CEO of parent company Paragon Asra Housing Ltd Michael McDonagh to step down in the first quarter of 2026. Comments: ‘Michael will leave having overseen a pivotal change in strategy and the Board is immensely grateful for his tenacity, leadership and relentless commitment over the last three years.’ Says will ‘ensure we provide stability and continuity during this period for all our stakeholders and partners in continuing to deliver our strategy.’ Announcements on McDonagh’s replacement will be made in due course. ---------- Gowin New Energy Group Ltd - Cayman Islands-based business involved in LED-related products, tea trading and agarwood trading - Extends repayment dates of unsecured loan agreements with four shareholders. Terms remain the same aside for the extended due dates. The £125,000 loans, each at 2% interest per annum from Shu Hsiang Wu, Cheng-Feng Tsai, Chien-Ming Cheng and Chih-Feng Chao are now due November 6 2029, November 2 2029, November 3 2029 and October 29 2029. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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