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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: ---------- Ajax Resources PLC - natural resources investment company focused on South America - Enters into a letter of intent with Italy-based Minerva Metals Srl, setting out principal terms for a potential acquisition by Ajax of 100% of Minerva’s share capital. Under the LOI, Ajax is granted an exclusive and irrevocable option to acquire 100% of Minerva, subject to unanimous approval of Minerva shareholders. Ajax Chief Executive Officer Ippolito Ingo Cattaneo says: ‘This agreement reflects Ajax’s intention to have exposure to near-term production opportunities for critical raw materials within Europe. The Sebera project offers a compelling combination of historical production, high-grade tailings potential and strong alignment with European policy priorities around supply chain security and sustainability.’ ---------- Medcaw Investments PLC - looks to identify and acquire prospective mining projects in the precious metals sector - Changes its name to Talon Resources PLC. Says this is to better reflect its activities following the proposed acquisition of the Eagle Lake Gold Project. ---------- CK Infrastructure Holdings Ltd - Hong Kong-based infrastructure investor - Shareholders back disposal of UK Power Networks at a special meeting, with over 99.99% of votes in favour. ---------- Shawbrook Group PLC - Essex, England-based digital banking platform - Invites holders of outstanding £124.0 million fixed rate reset perpetual additional tier 1 write-down capital securities to tender any and all of their securities for cash. The purchase price is equal to 108.000% of the principal. Shawbrook is also open to receiving offers from holders of its £125.0 million fixed rate reset perpetual additional tier 1 write-down capital securities to sell their 2017 securities. ---------- EnergyPathways PLC - West Sussex, England-based energy infrastructure project company - Costain Group PLC completes a first phase of engineering studies for locating onshore facilities for EnergyPathways’ MESH project at Barrow-in-Furness, Cumbria. The company has evaluated a number of potential site locations and shortlisted them for further evaluation and front-end engineering and design. Costain is now progressing with a second phase of detailed engineering design work for the MESH onshore facilities. CEO Ben Clube says: ‘Both EnergyPathways and Costain are very encouraged by the constructive engagement that we have had with local government and regional stakeholders in developing our plans for energy transition growth and new industry in Barrow-in-Furness. The potential to develop a significant sustainable industry park in Barrow-in-Furness is very exciting. Costain has provided a strong foundation of front-end engineering design and has identified a number of quality sites for locating the MESH project’s onshore facilities. We look forward to working with Costain to complete a second phase of more detailed engineering work to advance the MESH project towards FID’. ---------- First Development Resources PLC - explorer for critical minerals and rare-earth elements in Western Australia and Northern Territory - Receives formal notice of authority to commence mining activities at the Lander West gold target, part of its 100%-owned Selta Project in the Northern Territory, Australia. Comments: ‘This approval represents a key regulatory milestone and enables the company to proceed with the commencement of mining activities, specifically reverse circulation drilling at the Lander West gold Target in accordance with the approved environmental and operational conditions. With all necessary approvals now secured, FDR can proceed with drilling at Lander West - a critical step in advancing the Selta Project and unlocking its gold potential. The commencement of drilling will mark the company’s first material move into active exploration on the ground at Selta, with results expected to drive news flow and project momentum.’ ---------- Pathos Communications PLC - London-based public relations company - Say initial testing of its AI virtual publicist Pressella indicates that it has ‘at least approximately 5x the success rate of human colleagues in sales development activities.’ As it sharpens its focus on AI, it appoints Scott Feltham as chief technology officer. ‘Mr Feltham brings over 20 years’ experience building and leading engineering organisations across SaaS, enterprise platforms, and regulated industries. He has a strong track record of taking ownership of complex technology platforms and aligning technical delivery closely with business operations and commercial outcomes,’ Pathos says. ---------- Powerhouse Energy Group PLC - Bingley, England-based firm focused on turning non-recyclable waste into low-carbon energy - Raises GBP 250,000 gross through a retail offer of 125 million shares. ---------- Smarter Web Co PLC - Bristol, England-based website design agency - Appoints Oliver Hewett as group financial controller with immediate effect. Comments: ‘Oliver will be responsible for leading the company’s financial control and reporting functions. He will oversee day-to-day financial operations across the Group and will play a key role in the operational execution of the company’s activities. He will work closely alongside Mario Visconti, interim CFO and head of projects, as the company continues to develop and strengthen its finance function.’ Hewett most recently served as CFO at two UK small and medium enterprises. ---------- Europa Oil & Gas Holdings PLC - West Africa, UK and Ireland-focused oil and gas exploration, development and production company - Notes the decision of the North Yorkshire Council planning committee that it is minded not to approve Europa’s plan for a well in Burniston on its Cloughton prospect. ‘A final recommendation is pending a decision by the Secretary of State over the need for an environmental screening assessment to be carried out relating to the proposal, despite the company having already opted to voluntarily complete and submit an environmental screening assessment as part of the planning application,’ Europa says. The company intends to appeal the decision once the final recommendation has been delivered. ‘The company is confident that on appeal, the planning permission will be approved. Following implementation of the Wressle development, which was approved on appeal, the initial local opposition and concern has disappeared and the local community is now highly supportive. This clearly demonstrates how a well-run operation can be conducted without negatively impacting local amenity and how the community can realise a material benefit,’ it says. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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