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TRADING UPDATES: Sunrise Resources and SRT Marine Systems raise funds

ALN

The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Insig AI PLC - London-based data science and machine learning firm - Announces the launch of its Central Bank Model Context Protocol server. This will enable traders, portfolio managers and investment decision makers to directly interrogate what the company believes is the world’s most ‘extensive machine-readable central bank datasets’ through any major large language model. ‘Initial feedback from our clients could not have been more positive. We are now excited to both deploy and extend our customer reach with this game-changing offering,’ says Chief Executive Richard Bernstein.

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Technology Minerals PLC - London-based company focused on the battery metal circular economy - Following the publication of its annual report and accounts for the financial year to June 2025, says the Financial Conduct Authority has lifted the temporary suspension of its shares. Further, says is working with Fortified Securities and Oberon Capital to progress the placing as announced in January. The placing is intended to provide funds to satisfy the settlement sums due in cash to Jonathan Swann and Atlas Special Opportunities II LLC, plus providing at least 12 months working capital. Conditional settlements have been agreed with the company’s major convertible loan note holders, Jonathan Swann and Atlas Special Opportunities II LLC, on terms previously announced, which will result in a ‘material positive adjustment’ to its balance sheet upon completion of the placing. Is in active discussions with its creditors and is making good progress towards further settlements. Directors have agreed to defer fees owed to them, with a portion to be settled in new shares and the balance payable in cash following completion of the placing. The board has also taken steps to reduce its operational cost base. Nonetheless, confirms it has ‘limited cash reserves’ and has historically been ‘loss making’. ‘Future capital needs are uncertain and will be influenced by a wide range of factors,’ it adds.

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Great Southern Copper PLC - Chile-focused copper, gold and silver explorer - Says that it has increased its concession footprint at the La Colorada Lithocap prospect, part of the Especularita project, which is ‘highly prospective for porphyry copper-gold type deposits. Takes five new concessions totalling 1,000 hectares, securing control over the central core of a large-scale lithocap alteration system. Exploration programmes underway with mapping, sampling and geophysics designed to vector toward potential porphyry centres at depth. This ’significantly strengthens our already dominant position over the lithocap and, critically, secures control of the central core of the alteration system for the company,‘ says Chief Executive Sam Garrett. Hopes to announce drilling programmes within the next month.

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Sunrise Resources PLC - industrial mineral projects developer - Raises £225,000 via placing at 0.025 pence per share. The placing was arranged through the company’s broker, AlbR Capital Ltd. Says retail investors who wish to participate on the same basis should contact the company by Wednesday. ’If there is sufficient additional demand, the company will consider, but is not obligated, to initiate a retail offer of new ordinary shares on the same terms as the placing through a shareholder retail access platform,‘ it says. Also proposes to issue 468.9 million shares at the placing price to settle a number of longer term creditors.

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SRT Marine Systems PLC - Bath, England-based provider of maritime domain awareness systems - Announces placing and subscription of not less than £14.0 million and retail offer of up to £1.0 million at 82 pence per share. Proceeds are expected to further strengthen the balance sheet, to accelerate product development and to support new contract conversion and delivery. The placing, to raise £12.5 million, to new and existing shareholders will be conducted by way of an accelerated bookbuild. The £1.5 million agreement is with Ocean Infinity, an existing shareholder.

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Plaza Centers NV - property developer and investor with a focus on operations in central and eastern Europe - Says the International Centre for the Settlement of Investment Disputes dismisses claim made by company in relation to the Casa Radio/Dambovia Centre Project in Bucharest, on jurisdictional grounds. The decision was based on findings relating to the company’s conduct and certain historical agreements referenced in public disclosures published between 2016 and 2020. In addition, the tribunal orders that each party shall bear its own costs related to the arbitration. Plaza Centers says it is reviewing the award, ’including the reasoning and the implications of the tribunal’s findings, asse1ssing its position and considering all available options and next steps.‘

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