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The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- ALT Resources PLC - mining royalty and streaming company formerly known as ACP Energy PLC - Enters into non-binding letters of intent with Tartana Minerals Ltd, an ASX-listed copper producer and critical minerals exploration and development company. Completion of the proposed acquisition will be subject to certain conditions, including, due diligence, legal documentation, fundraising, and admission to trading on AIM. ALT intends to provide financing to Tartana to support the optimisation of commercial copper sulphate production at its project located in the Chillagoe region of North Queensland. In addition, ALT and Tartana propose to form a joint venture to explore and develop a portfolio of assets in Queensland with potential for tin, copper, and other critical minerals. ALT expects this investment to coincide with its proposed admission to trading on AIM and a concurrent capital raise to fund the copper transaction and provide additional working capital. ---------- Zotefoams PLC - Croydon, London-headquartered foams, insulation, seals and interior trims provider - Buys Spain’s Overseas Konstellation Co SA, a producer of high-quality technical foams, for up to €36.0 million in cash. Zotefoams pays €27.6 million upfront plus a deferred element of up to €8.4 million based on OKC’s financial performance in 2026. Deal will be funded from existing financial resources. ‘The acquisition expands the group’s capabilities, adds new markets and channels and supports the group’s strategic priorities,’ it says. The acquisition is expected to be earnings accretive in its first full year and to contribute positively to group margins and cash generation over time. ---------- Marks Electrical Group PLC - Leicester, England-based electrical products retailer - Notes the announcement by the Competition & Markets Authority regarding the opening of an investigation under the Digital Markets, Competition and Consumers Act into certain online pricing practices across a number of businesses, including Marks Electrical. Marks says it is committed to full compliance with all applicable consumer and competition laws, including the DMCCA and is proactively engaging with the CMA and will cooperate fully with the investigation. ‘Following initial engagement with the CMA, we have already taken proactive steps to further align the presentation of optional services with the CMA’s most recent expectations under the DMCCA. We will continue to work constructively with the CMA to ensure our customer experience remains both transparent and compliant,’ company says. ---------- Quantum Helium Ltd - Sydney-based mining company targets helium, hydrogen and hydrocarbons in the US and Australia formerly called Mosman Oil and Gas - Announces that field operations have commenced for the high-resolution 3D seismic programme at its Sagebrush helium project in Colorado, where it holds an 82.5% working interest. Says seismic crews and equipment have now arrived on site, with acquisition operations commencing this week. The survey will cover approximately 16 square miles across the Sagebrush field and adjoining leads, linking to existing 3D coverage at Coyote Wash. Processing and interpretation are expected to be completed in the first quarter of 2026, refining future drilling targets and supporting development planning. ‘Once processed, this dataset will underpin our next round of drilling and potential production planning in 2026,’ company says. ---------- Amazing AI PLC - London-based online consumer loans and AI finance related services firm - Following shareholder feedback, decides to cancel its spin-off plans for Amazing AI Services Ltd, a wholly owned Mauritius subsidiary. ‘The board is aware of global stock exchanges tightening of requirements for companies pursuing a digital asset treasury function and is giving consideration on how to address this and will keep shareholders informed. AAI plans to have direct exposure to digital assets in line with the Aquis Cryptocurrency Policy within its Digital Asset Treasury,’ company says. ---------- Oracle Power PLC - develops and invests in power and natural resource projects, with a focus on Pakistan and Western Australia - Announces that drilling operations at the Northern Zone gold project are again underway and will be targeting expansion of the gold mineralisation footprint. The phase 2 programme has a planned 30 holes for a total of 2,000m of drilling and is expected to take two weeks. Drilling results from phase 1 drilling programme are expected in the coming weeks. ---------- Power Metal Resources PLC - metals explorer with projects in North America, Africa, Saudi Arabia and Australia - Reports ‘encouraging’ first batch of drill core assay results from the Drake Lake-Silas Project in Labrador, Canada, part of its uranium-focused joint venture with Fermi Exploration Ltd. Notes meaningful uranium grades that strongly support potential extension of Armstrong-style mineralisation across the property. ‘As the remaining results are returned, we expect to significantly refine our understanding of the mineralising system, and we are eager to see what the next stages of work may uncover,’ company says. ---------- Harena Rare Earths PLC - mining company targets rare earth deposits to supply the renewable energy production and defence manufacturing sectors - Announces that its ordinary shares have been approved to trade on the OTCQB Venture Market in the US. Continues to maintain its primary quotation on the London Stock Exchange’s Main Market. Harena was advised during the admission process by Donohoe Advisory Associates LLC. Company believes that cross-trading on both the Main Market and the OTCQB will not only increase liquidity in its shares, thanks to a broader pool of investors, but will also provide investors in the US with easier access to trading in Harena’s ordinary shares. Harena sees considerable investor interest from the US and thinks the OTCQB market offers the company strong synergies as it looks to further the development of the Ampasindava Project. ---------- Oriole Resources PLC - West and Central Africa-focused gold exploration company - Raises £230,000 via retail offer at 0.24 pence per share. Takes fundraise proceeds to just over £2.0 million including recent placing and subscription. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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