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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Mkango Resources Ltd - Vancouver-based mining company - Agrees to acquire Heraeus Amloy Technologies GmbH’s Remloy rare earth magnet recycling business for €8 million. Of this, €5 million is to be paid with existing cash at closing. The remaining €3 million is due two years after closing. The transaction is expected to close within the next three months. Remloy has developed a plant in Bitterfeld, Germany, which recycles end-of-life rare earth magnets to produce neodymium-iron-boron alloy powders for the bonded and hot deformed magnet markets. Mkango says this is complementary to HyProMag Ltd’s short loop recycling process to produce sintered magnets. Total capacity of the production facility is 500 tonnes of NdFeB alloy per year. The plant is targeting scale-up to this level of production over the next few years, ‘with minimal capital expenditure required’, Mkango says. ---------- Elixirr International PLC - London-based consultancy - Issues 822,194 shares at £7.20 each worth £5.9 million, pursuant to the terms of its 2025 acquisition of TRC Advisory LLC. This satisfies the equity element of contingent consideration due in relation to the 2025 performance of TRC. The issuance represents the maximum value of equity contingent consideration available for the performance under the terms of the acquisition. The shares are subject to one-year lock-in arrangements plus limitations on the number of shares which may be sold in each of the following three years under nominee agreements. ---------- Medpal AI PLC - London-based digital health and AI company - Launches New Health, a dedicated consumer sub-brand focused on the GLP-1 weight-management and broader peptide medicines market opportunity. Says this is supported by a £1.3 million national consumer marketing campaign. ‘The launch is being positioned in the context of rapid growth in the GLP-1 category and ahead of the board’s anticipated UK approval of Novo Nordisk’s once-daily weight-management pill in summer 2026,’ Medpal says. New Health will be separate from the MedPal Clinic app and MedPal consumer platform. ‘It has been created to give the company a sharper consumer brand, acquisition funnel and patient journey for the highly competitive GLP-1 category, while continuing to use MedPal AI’s regulated healthcare infrastructure comprising: AI-assisted intake, clinician-led assessment, prescribing where clinically appropriate, automated pharmacy dispensing and ongoing monitoring,’ Medpal adds. ---------- Eco Atlantic Oil & Gas Ltd - Atlantic margin-focused oil and gas explorer with offshore license interests in Guyana, Namibia and South Africa - Signs a definitive agreement to farm down a 37.5% working interest in Block 1 CBK offshore South Africa to Navitas Petroleum LP. ‘The agreement is a key milestone in Eco’s strategic framework agreement with Navitas which provided Navitas with an option to farm-in to Block 1 CBK,’ Eco says. ---------- 88 Energy Ltd - Australia-based, Alaska-focused oil explorer - Updates on its South Prudhoe acreage position on Alaska’s North Slope. The South Prudhoe lease position covers approximately 52,269 acres. Says Augusta1 remains firmly on track for the planned spud in the first quarter of 2027. Notes ‘significant advancements’ including finalised drilling location, progressed permitting, road and facility access, logistics, planning and securing long-lead items including contracting of the Nordic-3 drilling rig and the Nabors 58-man camp. ‘The Augusta Prospect represents 88 Energy’s highestpriority drilling target within the South Prudhoe Project and a material, multizone exploration opportunity on Alaska’s North Slope. The prospect is defined across stacked Ivishak, Kuparuk and Upper Schrader Bluff (Brookian) reservoir intervals, offering the potential for multiple independent pay zones within a single well,’ 88 says. ---------- Nomad Compute PLC - intends to develop and operate modular, containerised edge AI compute infrastructure for global enterprise and sovereign markets - Publishes circular ahead of its general meeting on June 5, at which shareholders will vote to approve its conditional placing to raise £3.12 million. The placing is conditional upon approval of the resolutions, which includes the resolution to sub-divide each existing ordinary share of 1.00 pence into one new ordinary share of 00.01 pence and one deferred share of 00.99 pence. Upon approval, Nomad will make an application for admission to trading on Aquis of 277.64 billion new ordinary shares, comprising the 27.70 billion new ordinary shares arising from the subdivision of the existing ordinary shares and the 249.95 billion placing shares. ---------- TMT Investments PLC - venture capital investor in high-growth technology companies - Begins on-market share buyback of up to $2.0 million. ‘The company’s board of directors believe that the current share price trades at a significant discount to the company’s intrinsic value. The purpose of the programme is therefore to seek to take advantage of this discount to enhance net asset value per share, reduce the company’s share capital, and return value to its shareholders. All ordinary shares purchased pursuant to the programme will be cancelled after completion of each purchase,’ TMT says. ---------- Vista Parcs Group PLC - Nottingham, England-based company looking to acquire 13 UK-based holiday and residential parks - Expects to be admitted to and start training on London’s AIM market in June, pushed back from mid-May, which was delayed from mid-April and prior to that, late March. ---------- Premier African Minerals Ltd - mining company based in Togo - Reaches agreement with certain creditors to settle outstanding liabilities through the issuance of new shares. ‘The settlement forms part of the company’s ongoing creditor management strategy and is intended to preserve working capital while enabling Premier to continue focusing on the advancement of the Zulu Lithium and Tantalum Project and its broader operational objectives,’ company says. Premier has settled invoices totalling approximately £163,000 through the issue of 881.7 million new shares at an issue price of 0.0185 pence each. A further £54,000 owed in respect of accrued but unpaid salaries and payments owing to former consultants and directors has been settled through the issue of a further 295.8 million new shares at the same price. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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