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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: ---------- Quantum Data Energy PLC - London-based power infrastructure developer - Raises £1.2 million to accelerate construction of its five-megawatt Bordesley flexible generation project, as it advances towards its initial 300 megawatt production target. Says it has completed an acceleration capital funding, issuing 46.6 million new shares at 2.5 pence each to raise £1.17 million gross, to fund near-term project capital expenditure. Quantum Data Energy says existing cash reserves remain sufficient for working capital, with the proceeds used solely to increase megawatts in production. ‘The acceleration capital has been undertaken solely to support the expeditious completion of an immediate growth opportunity that will make a meaningful contribution to QDE’s portfolio of MWs in production,’ Chief Executive Pieter Krugel says. ---------- Aterian PLC - London-based critical mineral exploration and development company with projects in Botswana, Morocco and Rwanda - Agrees heads of terms for a strategic commercial and funding partnership for the sale, marketing, and funding of its Rwandan tantalum concentrates.‘ Says this will apply to all of its saleable tantalum concentrate production consolidated through its subsidiary Eastinco Ltd. Expects it to start this month. The deal includes a 50/50 profit and loss share on international sales, ’providing direct exposure to global pricing and margins‘. ’This is a landmark transaction for Aterian and the most significant commercial agreement the Company has entered into since listing on the LSE,‘ comments Executive Chair Charles Bray. ’It represents a step change in our ability to trade, scale, and generate cash, with a dramatically reduced equity capital contribution from Aterian.‘ ---------- Jangada Mines PLC - Brazil-focused natural resource development company - Signs a letter of intent with BGold Mineracao Ltda, granting Jangada the right to earn an exclusive option to acquire 100% of the high grade Molly Gold Project in Brazil’s Tapajos region. Says this is part of its strategy to establish itself as a leading developer of high-quality gold assets across Brazil by targeting ’advanced, data-rich gold mining projects‘ that offer ’scalability and near-term revaluation potential‘. ---------- MTI Wireless Edge Ltd - Rosh Haayin, Israel-based maker of antennas for military and commercial use - Subsidiary Mottech Water Solutions Ltd acquires the remaining 50% interest in its Australian subsidiary, Mottech Parkland, for A$550,000 or around $380,000. ’Australia accounted for approximately 10% of Mottech’s revenue in 2025...the Australian irrigation automation market is projected to reach $743 million by 2030, via a compound annual growth rate of 22.5%. We believe that this is an opportune time to take full ownership of Mottech Parkland and more actively pursue opportunities to expand the business in a fast-growing market,‘ company says. ---------- Palace Capital PLC - London-based property investor - Unconditionally exchanges on the sale of its investment property at Broad Street Plaza, Halifax for £9.9 million at a 14.9.% net initial yield. Says the sale price is 8.7% ahead of the September 2025 valuation. Expects completion in the next few weeks. Upon completion, Palace says it will have disposed of all of its interests in Halifax. Also, it has exchanged and completed on the sale of unit 3A, St. James’ Gate, Newcastle for £590,000. ---------- Cobra Resources PLC - South Australian mineral exploration and development company - Announces the decision to immediately extend its stage 1 reverse circulation drill programme at the Manna Hill Copper Project by up to a further five drillholes. Says it has completed 13 drillholes to date, totalling 2,300 metres, with visible sulphides and alteration supporting broad zones of primary mineralisation beneath and along the strike of defined oxide mineralisation. It has a 12-month option to acquire Manna Hill and intends to inititally focus on the Blue Rose priority prospect, ’where existing drilling has intersected copper-gold mineralisation across 1.6km of strike immediately adjacent to a geophysical anomaly interpretated as a porphyry intrusion‘. ’Whilst visual observations are not results, the geological observations being made from this drilling programme to date are encouraging for a scalable copper discovery,‘ Managing Director Rupert Verco says. ---------- Panther Metals PLC - exploration company focused on mineral projects in Canada - Raises gross proceeds of £1.2 million through a placing of 1.7 million shares at 70 pence each. Says the placing has received substantial backing from new and existing institutional investors, as well as existing shareholders. Adds that it was significantly oversubscribed and subject to scale-back. ’The financing announced today,‘ Chief Executive Officer Darren Hazelwood comments, ’enables Panther Metals to accelerate its activities across the entire project portfolio which is timed well as the company looks to a North American exchange dual list. These activities include a diamond drilling campaign focussed on building out the Wishbone VMS discovery at Obonga, advancing the Wishbone Tailings project workstreams towards a feasibility study and metallurgical studies on the Dotted Lake drill core as a potential source of high-value magnesium.‘ ---------- First Class Metals PLC - Ontario, Canada-focused gold and critical metals explorer - Announces decision to accelerate the final share-based option payment to Nuinsco Resources Ltd in respect of the Zigzag Lithium Property. It must issue C$85,000 in ordinary shares to Nuinsco on or before June 1 under the existing option agreement, as the final consideration due for the earn-in to ZigZag, and therefore will issue 2.3 million shares as settlement. Following completion, the remaining cash payment and satisfaction of the work commitments, First Class will have an 80% interest in the resulting joint venture with Nuinsco holding the other 20%. Says the acceleration ’materially advances the company towards completion of the earn-in and strengthens its position within the joint venture structure.‘ ’Zigzag is a key lithium and critical metals asset for the company and has delivered encouraging exploration results to date,‘ says CEO Marc Sale. ’Accelerating the share-based element of the earn-in reflects our confidence in the rally of the lithium price and thus our intention to secure the management and ownership of the property.‘ ---------- Rainbow Rare Earths Ltd - developer of the Phalaborwa rare earths project in South Africa and the Uberaba project in Brazil - Says that its recently commissioned large-scale pilot plant in Johannesburg is operating the optimised Phalaborwa primary flowsheet in line with expectations. The plant has successfully produced ca.2 kg of a high-grade mixed rare earth hydroxide. Says that the production of this high-grade product has been confirmed as an ideal feed stream into the planned solvent extraction separation circuit. ’By delivering these separated products, Rainbow intends to capture more of the value chain by going further downstream than many REE projects,‘ the company adds. ---------- Ecora Royalties PLC - critical minerals-focused royalty company, formerly known as Ecora Resources PLC - Notes Rainbow Rare Earths’ announcement, since it holds a 0.85% gross revenue royalty on the Phalaborwa project. ---------- Wellnex Life Ltd - Melbourne-based consumer healthcare products company - Says it has received unsolicited preliminary interest from separate parties regarding the acquisition of Pain Away and other assets, and that early-stage due diligence is underway across both approaches. Adds that a syndicate has approached it with an indicative early-stage proposal to provide convertible note funding to expand Pain Away into Asia and North America. Says this aligns with its strategy of delivering positive free cash flow, profitability and long-term shareholder value. Wellnex ’is actively assessing these opportunities alongside traditional debt and equity options to secure the optimal capital structure to maximise value for all shareholders, to settle former director loan repayments due in April 2026 and to drive the turnaround in the business and Pain Away brand.‘ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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