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The following is a round-up of updates by London-listed companies, issued on xxxday and not separately reported by Alliance News: ---------- Unicorn Mineral Resources PLC - explorer for copper, lead, zinc and silver in Irish midlands - Says completion of its proposed acquisition of a controlling stake in the Klein Aub copper mine in Namibia is now expected by the end of June, after a corporate reorganisation at the vendor delayed legal documentation. The company says work on the transaction is well advanced. The miner says it is also assessing the optimal extraction process for Klein Aub’s 5.6 million tonnes of slimes and tailings, including evaluating a glycine-based heap-leaching system at a copper mine in Zambia. Unicorn says the process has operated successfully there for the past two years and could provide a low-cost solution for the Klein Aub tailings facility. Separately, Unicorn says it is strengthening ties with Namibia’s Ministry of Industries, Mines & Energy, which has identified more than 150 additional historic tailings facilities in the country. The company says its technology could help address remediation opportunities beyond Klein Aub. Chair Paddy Doherty says: ‘The company has used the extended documentation process to bring forward work that would have been necessary post completion and so, overall, little time has been lost.’ ---------- Time Out Group PLC - London-based global media and hospitality business - Signs a franchise agreement with Quint Digital Ltd to develop and operate Time Out Market Delhi, marking the first franchise agreement for the Time Out Market brand globally. The deal follows an exclusive three-year option granted to Quint in May 2025 to explore market opportunities in India. Under the agreement, Quint will fund, develop and operate the market, while Time Out will receive franchise fees and ongoing payments without contributing capital. Time Out Market Delhi is expected to open in the second half of 2026 at Worldmark Aerocity and will feature 11 food and drink concepts alongside cultural programming. The company says the agreement supports its strategy of expanding the Time Out Market portfolio through capital-light partnership models. Chief Executive Officer Chris Ohlund calls the deal a ‘landmark moment’ and says it creates an additional pathway for international expansion. ---------- Premier African Minerals Ltd - developer of the RHA tungsten and Zulu lithium projects in Zimbabwe - Says ore from the run-of-mine pad is now being processed through the newly installed flotation plant at its Zulu lithium and tantalum project in Zimbabwe, marking a further step in the site’s restart. The company says initial observations are positive and the flotation plant is operating as expected. However, it cautions that it is still early in the optimisation process and it is too soon to comment on recovery rates or overall plant performance. Premier says analysis and optimisation work remain ongoing and further updates will be provided in due course. Managing Director Graham Hill describes the commissioning of the flotation plant as a ‘very positive step’ in the restart of Zulu. ---------- Avation PLC - Singaporebased aircraft leasing - Delivers a new ATR 72-600 aircraft to Cambodia Airways on a 12-year lease running to 2038, marking the airline as a new customer for the aircraft lessor. The aircraft, delivered on June 5, is the first ATR aircraft to join Cambodia Airways’ fleet and forms part of Avation’s orderbook of 15 ATR 72-600 aircraft. The company says it has now taken delivery of more than 40 new ATR aircraft under its purchase agreement with ATR. ---------- MTI Wireless Edge Ltd - Rosh-Ha’Ayin, Israel-based communication and radio frequency solution provider - Subsidiary PSK Wind Technologies has secured an expansion of its communications infrastructure contract with the Israeli Ministry of Defence, doubling the order value to around $4.5 million from $2.2 million. The group says the enlarged order is expected to be completed by the end of the first quarter of 2027. CEO Moni Borovitz says: ‘We continue to see more opportunities in the defence market and demand for our range of defence related products. Overall, the business continues to be very well positioned with a healthy pipeline of potential orders across all three divisions.’ ---------- Helix Exploration PLC - London-based helium exploration and development company advancing the Rudyard helium project in northern Montana - Agrees to acquire Montana-based drilling company Treasure State Drilling LLC for $600,000, to be paid entirely in shares. The acquisition gives the helium explorer ownership of the drilling rig used for all four wells at its Rudyard helium project in Montana. The company says the consideration represents a 37% discount to an independent appraisal of the rig and related assets at $955,900. Helix says owning the rig eliminates future contract day rates and mobilisation costs, reducing drilling expenses across its development programme. The rig is already located at Rudyard and is capable of drilling the project’s target formations. Helix also says it may seek third-party drilling work when the rig is not required for its own operations, although no contracts have yet been secured. Helix CEO Bo Sears describes the acquisition as a ‘game-changer’ that provides long-term cost savings and greater operational control. ---------- Pharos Energy PLC - London-based energy company with assets in Vietnam and Egypt - Says it has received $12.6 million from Egypt so far in 2026, including $3.8 million this month, clearing all outstanding receivables for the first time since acquiring the assets in 2019. The company also says it has collected all contingent consideration due from partner IPR. Separately, Pharos says drilling has resumed in Egypt with a six-well programme, with the first well spudded on June 4. The company remains on track to invest $11 million in its Egyptian assets this year. ---------- Verici Dx PLC - Cardiff, Wales-based developer of advanced clinical diagnostics for organ transplants -Launches a retail offer to raise up to £200,000 through the issue of up to 57.1 million new shares at 0.35p each. The firm says the offer follows last week’s £2.5 million placing at the same price and that proceeds will be used for the same purposes. The issue price represents a 17.6% discount to the company’s closing mid-price on June 4. The retail offer is conditional on shareholder approval at a general meeting on June 22 and admission of the new shares to AIM, which is expected on June 23. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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