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The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Strategic Minerals PLC - London-based mineral producer, which operates in the UK, US and Australia - Raises £4 million through the issue of 307.7 million shares at 1.3 pence each in a placing and subscription. Demand exceeds expectations and comprises both ‘UK and international sophisticated and long-term ultra-high net worth investors, family offices and institutions.’ Company says proceeds will ‘significantly accelerate’ its Redmoor tungsten-tin-copper project in Cornwall into the next phase, at an ‘opportune’ time for the development of critical mineral projects. Proceeds will be used to fund a 16,000 metre infill drilling programme and expand the operation and project team at Redmoor. ‘Following significant inbound investor interest, Strategic Minerals now has an opportunity to capitalise on positive market dynamics by fast-tracking project development and funding an almost immediate follow-on infill drilling programme to undertake substantially all the drilling requirements of the planned PFS,’ says Charles Manners, executive chair. ---------- Cloudbreak Discovery PLC - London-based gold and metals project developer targeting Western Australia - Announces that gold assay results up to 162 grams per tonne of gold, equivalent to 5.22 ounces per tonne gold have been received from the maiden site visit to the Crofton gold project. Crofton is located 120 kilometres east-southeast of the Australian gold mining centre of Marble Bar and 75km northeast of the mining centre town of Nullagine, in the Pilbara region of Western Australia. Multi-element results are still being processed at the assay laboratory and are anticipated to be received in the coming weeks. ‘It is fantastic to see these outstanding results from the maiden site trip to Crofton in Western Australia,’ says Managing Director Tom Evans. Adds: ‘Extra grades for the silver and multi-element assays are still in process and we anticipate that these can be reported in the coming weeks. Company geologists observed the presence of substantial quartz veins outcropping at surface over hundreds of metres of strike and tens of metres wide in the areas chipped sampled, adds to the prospectivity of this very exciting project.’ ---------- Thruvision Group PLC - Abingdon, England-based provider of walk through people-screening technology - Receives further order from an existing multinational customer in the Retail Distribution market in the UK. The order is a UK order for a WalkTHRU deployment of its high-performance cameras from a German-headquartered global logistics company. It builds on six earlier successful deployments with the same customer in the UK, Europe and Americas. Chief Executive Victoria Balchin says: ‘Repeat business from a global logistics customer demonstrates the effectiveness of our solutions and underlines their ability to improve security while enabling efficient, uninterrupted operations.’ ---------- Emmerson PLC - developer of the Khemisset potash mine in Morocco - Advises that the arbitration panel was fully constituted in the fourth quarter of 2025. At December’s initial hearing the tribunal determined a number of procedural matters and a timetable for the initial phase of the arbitration was set. As a result, Emmerson is required to submit its memorial by the end of the first quarter. Following the submission of the memorial which outlines the company’s case in full, including legal arguments, supporting evidence and the compensation sought, the arbitration will move to its next phase which will be the opportunity for the Government of the Kingdom of Morocco to respond. Emmerson is seeking compensation for the loss and damage sustained as a result of Morocco’s breaches of its obligations under an agreement with the UK. ---------- Fiinu PLC - Weybridge, Surrey financial technology provider - Provides an update in respect of the earn-out condition relating to the acquisition of its Polish operating subsidiary, Everfex PSA, the completion of an independent verification of Everfex’s SME client order book, and the commencement of recruitment for a Country Manager in Poland. Says the review of Everfex’s SME client order book confirmed an order book of €340 million as at December 31. The earn-out condition required an aggregate order book of not less than €750 million and as this threshold was not met, none of the 20 million additional consideration shares will be issued to Granicus Holdings OU. Fiinu considers the independent verification process to be a positive validation of its governance framework. The confirmed €340 million of contracted and credit-approved SME orders demonstrates ‘meaningful commercial traction and evidences credible demand for Fiinu’s currency hedging and foreign exchange solutions within the Polish SME market.’ To support the next phase of execution and accelerate conversion of pipeline opportunities, Fiinu has commenced the recruitment of an experienced Country Manager for Poland. ---------- Kooth PLC - London-based company offering digital mental health services - Agrees terms of a one year contract with an undisclosed US State for the provision of digital mental health services for up to 100,000 students. The contract has an expected value of $2.6 million. Under the terms of the contract, Kooth will deliver mental health support via its Soluna platform to up to 100,000 students aged 13-18 across the State. ‘This win is indicative of the strength of both our offering and our proven track record of delivery, as well as the clear need across the US for additional mental health support in an accessible way,’ says Chief Executive Kate Newhouse. ---------- Pharos Energy PLC - energy company with assets in Vietnam and Egypt - Says 2025 production totalled 5,398 barrels of oil equivalent per day, in line with guidance, with Vietnam reaching 4,095 boepd and Egypt 1,303 bopd. Revenue is $115 million and the firm ends the year debt free with ‘healthy’ cash balances of $40 million. Group cash capex for 2025 was $28 million. For 2026, production guidance increased from 2025 to 5,200 to 6,400 boepd net, with capex expected to be $50 million. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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