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The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Touchstone Exploration Inc - onshore oil and gas development in Trinidad & Tobago - Updates on Wednesday announcement that is plans to raise $10 million to $15 million at 7 pence per share, with $10 million to be provided by Touchstone’s largest existing shareholder, Purebond Ltd. Says it has initially raised $10.9 million gross at an issue price of 7 pence per share. Of this $10.3 million is subscribed for by Purebond. The Wrap offer remains open for participation. ---------- Uru Metals Ltd - mineral exploration and development company focused on the Zebediela nickel project located in Limpopo, South Africa - Updates on the recently completed ground geophysics programme at its Zeb Nickel Project in Limpopo, South Africa. Says following the confirmation of Target 1 as its priority follow-up target, final interpretation of the ground survey data over Target 2 refines additional targets within the broader Zeb Nickel feeder system. ‘The airborne magnetic data indicates that there are still distinct magnetic bodies below surface in both the northern and southern Target 2 areas. These features may represent ultramafic rocks or related geological bodies within the broader feeder system. The company will therefore treat Target 2 as a follow-up area rather than a primary target. Further work may include refined modelling, ground checking and possible scout drilling, depending on how Target 2 ranks against Target 1 and other targets across the project.’ Still considers Target 2 ‘to remain of geological interest’. Exploration manager Richard Montjoie comments: ‘The Target 2 results are important because they help us better understand and rank the wider target pipeline at Zeb Nickel. This target is more complex than Target 1 however, the presence of underlying magnetic bodies means the area remains geologically interesting and will warrant follow-up testing. This is why the company carried out the ground survey programme before drilling. The work has helped us reduce uncertainty, rank the targets and focus future capital on the strongest opportunities. Our broader exploration model remains unchanged...The next step is to integrate the new data into our 3D model and design a flexible, staged drill programme focused on the best-ranked targets across the project.’ ---------- Forgent PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels, and also has copper and gold assets - Updates on its Peak Hills gold-copper drill programme in Western Australia following the recent approval of the programme of work. Following receipt of PoW approval, completes detailed drill planning and target prioritisation. The final programme comprises 42 aircore drill holes for 2,860 metres of drilling across seven priority target areas. ‘The programme has been designed to verify anomalous historic gold and copper results, improve geological understanding and test potential extensions to mineralisation in multiple directions. The selected targets include two target areas at Karalundi, four at Junction and one at Curley’s,’ Forgent says. Drilling is expected to commence on or around June 21 and last three weeks. Samples will be submitted for laboratory analysis on completion of drilling, with assay results expected during early August 2026. ---------- Aterian PLC - minerals exploration and trading in Africa, including copper-silver projects in Morocco and Botswana and an exploration licence in Rwanda Approves the redemption and conversion of £80,000 of its convertible loan notes, which is satisfied through the issue of 320,000 new shares at a conversion price of 25 pence per share. ---------- Bluebird Mining Ventures Ltd - British Virgin Islands-based gold streaming, mining and treasury company - Updates on its streaming and treasury strategy. Says its continues to build its operating streaming business across Bitcoin and precious-metals-related cash flow opportunities. During May, marks ‘an important milestone’ with the delivery of its first full month of revenue generation from operating assets. Additionally, says it has completed the restructuring of the legacy Asian assets. ‘This work forms part of a broader effort to simplify the business, strengthen the balance sheet and improve capital efficiency.’ Elsewhere, development work continues on its flagship gold streaming opportunity and continues to evaluate a number of additional streaming and royalty opportunities. Net asset value per share is $43 at Jun 2, up 63% from a month ago. ‘Over the past twelve months, substantial progress has been made across both the asset and liability side of the balance sheet. As a result, management believes as BMV approaches the second half of 2026, it does so from a significantly stronger financial position than at any point in its recent history. Looking ahead, the Company remains focused on expanding its portfolio of productive assets, growing recurring yield and executing on several strategic initiatives that are expected to further enhance shareholder value. Additional updates regarding the Company’s yield-generation strategies will be provided in due course,’ BMV says. ---------- STV Group PLC - Glasgow-based broadcaster - First quarter total advertising revenue ahead declines 4%, beating guidance of a 5% decline, driven by digital advertising. Expects second quarter to climb around 10%, benefiting from strong advertiser demand around the World Cup. Notes fist half adjusted operating loss in STV Studios of around £3 million, in line with management expectations, ‘impacted by continuing subdued commissioning markets’. First half TAR is expected to be up around 4% as the World Cup more than offsets softness in the underlying advertising market. Expects key commissioning decisions in the third quarter ‘that may influence production revenue and margin recognition’ in 2026 and 2027. Chief Executive Rufus Radcliffe says: ‘We are seeing encouraging early signs from the diversification of our advertising proposition through pause ads, STV Adapt - our AI data-driven addressable ad platform - and new growth venture, STV Radio. The STV Studios team continues to deliver in a slow market, with recent commissions including a new reality format for Disney’s Hulu and a returnable drama for RTE.’ Remains cautious for the second half given underlying softness in the advertising and commissioning markets due to the geopolitical environment. ‘Against that backdrop, we continue to focus on those elements we can control and are taking the right steps to position the business strongly for the medium term,’ the CEO adds. ---------- Kendrick Resources PLC - mineral exploration and development company with projects in Namibia and Sweden - Says initial assessment confirms Kieshohe ‘has the potential to emerge as a major rare earth discovery’ alongside its flagship Teufelskuppe project. Completes systematic pXRF analysis on seven previously untested historical drill holes inherited from Bonya. Says average total rare earth oxide grade of 1.51 weight percent, ‘dominated by high-value light rare earth elements including neodymium and praseodymium.’ High-grade intersections include: 1.0 metres at 5.46 wt% TREO, 1.0m at 3.53 wt% TREO and 1.0m at 3.22 wt%. Chair Colin Bird says: ‘These results mark an important milestone in the development of the Bonya Rare Earth Project and significantly enhance our view of the potential scale of the district. Historically, Teufelskuppe was considered the dominant discovery within Bonya. However, our ongoing assessment of Kieshöhe increasingly indicates that this view may prove to be overly conservative. The discovery of widespread mineralisation, strong grades and, importantly, the fact that every borehole ended in mineralised carbonatite gives us growing confidence that Kieshöhe may represent a much larger rare earth system.’ ---------- Baker Steel Resources Trust Ltd - investor in natural resources, gold and precious metals sectors - NAV per share at May 29 is 183.2 pence, up 1.7% from April 30. This is mainly due to continued appreciation in the listed price of Blue Moon Metals. Says uncertainty in metal pricing is likely to continue amid the Middle East conflict. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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