|
The following is a round-up of trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- RC365 Holding PLC - payment solutions and fintech company operating primarily in east and southeast Asia - Hong Kong subsidiary Regal Crown Technology Ltd signs merchant point-of-sale agreement with StarCruises International Ltd. Under the deal, RC365 will deploy its RC3.0 payment platform, including cryptocurrency acceptance functionality, for StarCruises customers. The one-year agreement, which renews automatically unless terminated, is expected to go live in June following user acceptance testing. RC365 says revenue will be generated through percentage-based transaction processing fees on merchant sales, with no minimum transaction commitments. Chief Executives Officer Chi Kit Law comments: ‘We are delighted that our subsidiary, Regal Crown Technology, has secured this agreement with an international brand like StarCruises. This contract win underlines the continuing growth, scaling potential, and competitive health of our secure fintech and cross-border online payment gateway ecosystems across East Asia as we continue executing our regional expansion strategies.’ ---------- Guardian Metal Resources PLC - London-based miner focused on tungsten exploration in Nevada - Agrees to acquire Lincoln Estates Group LLC which includes 841 acres of real property as well as 2,540 acre-feet of annual water rights. Lincoln Estates is located less than 10 miles from the Guardian’s Tempiute Tungsten Project in south-central Nevada. ‘Securing water and land rights marks an important milestone for the project as its various workstreams advance. Combined with Tempiute’s existing infrastructure, this acquisition enhances the project’s development potential and advance Guardian Metal’s goal of building a resilient US domestic tungsten supply chain, reducing reliance on foreign sources while reinforcing economic and defense security,’ company says. ---------- Geo Exploration Ltd - oil and gas exploration company focused on Africa, Australia and the Mediterranean - Announces initial results from airborne geophysical surveys collected over its Gorge Project in Western Australia. The programme comprised high-resolution [light detection and ranging], aerial photography, magnetic and radiometric surveys. Results identify new priority targets, materially improving the company’s understanding of the Gorge’s ‘geology, structure, historical workings and potential controls on mineralisation,’ it says. Highlights include: the identification of a new high priority strike-limited magnetic anomaly in the northwest of the tenement, with 3D inversion modelling indicating a depth to top of approximately 300 metres beneath surface and significant vertical extent; improved definition of the previously recognised 5 kilometre trend of historical gold mineralisation and workings, now interpreted as a major northeast-trending structural zone; the identification of a potential hydrothermal fluid-flow system; and the identification of two significant uranium anomalies. ---------- GSTechnologies Ltd - Perth, Australia-based fintech company - Enters into a $10 million unsecured term loan facility agreement with Sweden-based Clarivan Group Kommanditbolag. ‘The company intends to utilise the Facility to provide additional working capital and financial flexibility as it progresses its strategic growth initiatives, including for potential strategic acquisitions,’ company says. ---------- Switch Metals PLC - mining explorer focused on developing battery and technology metals mines in the Ivory Coast - Commences its maiden drill programme at the Issia Project. The programme will test two priority hard-rock pegmatite targets identified across the Switch’s district-scale licence package: the Zraty tantalum-bearing pegmatite target and the Kabore spodumene-bearing lithium target. Approximately 2,500 metres of total drilling is planned. CEO Karl Akueson says: ‘Zraty represents a significant test of the hard-rock potential at Issia and further demonstrates the broader prospectivity of the project beyond the near-surface resources currently being incorporated into our maiden tantalum [mineral resource estimate]. We will then move to test the Kabore target, where follow-up work has outlined a 1.3 kilometre anomaly around the original spodumene discovery, with spodumene mineralisation grading up to 2.8% lithium oxide. Given the scale of the system now defined, we believe this is the right time to test Kabore below surface. Alongside drilling, work on MRE-1 has reached an advanced stage. Together with the ongoing drill programme, we believe these activities have the potential to significantly enhance the company’s understanding of the broader pegmatite system at Issia and advance both its near-term development pathway and longer-term exploration upside.’ ---------- Oriole Resources PLC - West and Central Africa-focused gold explorer - Says maiden drilling programme will begin later this month at its 85%-owned Wapouze limestone project in north-eastern Cameroon. The programme will target outcropping limestone/marble units that have previously been classified as high-grade carbonate material. Says these are ‘potentially suitable for use predominantly within the cement industry in Cameroon.’ Partner BCM agrees to cover $120,000 of direct drilling costs via ’drill for equity’ in return for 24.4 million ordinary shares issued at 0.36 pence each. This matches the exercise price of warrants issued in November. Oriole says it is continuing discussions with industrial partners for the potential development of the asset. CEO Martin Rosser says: ‘We are delighted to be commencing a maiden drilling programme at the Wapouzé limestone prospect, with support from BCM. The Property has serious economic potential based on the possible size of a strategically located resource which could supply valuable in-country feed material for manufacturing cement. This would be for use in concrete both within Cameroon, but also nearby Chad, which has a significant cement shortfall and is reliant currently on significant imports from Cameroon.’ ---------- Kosmos Energy Ltd - Dallas, Texas-based energy company - completion of the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy. Final cash consideration is $127 million, with closing adjustments reflecting cash received from the assets in the first half of 2026 to completion on June 16. Additionally future contingent payments of up to around $40 million are subject to certain oil price and production thresholds. Kosmos will use the proceeds will be used to repay borrowings under its reserves-based lending credit facility. Additionally, says year-to-date production has been around 5,800 barrels of oil per day net to Kosmos. The company plans to provide updated guidance alongside its second quarter results in August. Asset retirement obligation liability of around $140 million has been removed from the balance sheet. ---------- Savannah Resources PLC - Portugal-focused lithium development company, developing the Barroso Lithium Project - Update on its local stakeholder engagement initiatives and the bypass road environmental licencing process. Syas ten memorandums of understanding have been signed to date over Barroso. The first three of which Savannah are with the Associacao de Cacadores de Boticas, Associacao de Caca e Pesca do Lezenho-Canedo and Associacao Desportiva e Recreativa de Couto de Dornelas, three local recreational associations operating within the municipalities of Boticas and Ribeira de Pena. Partners will contribute to social monitoring activities and oversee the allocation of funds through the Barroso Lithium Foundation, which is expected to provide €500,000 annually to support local development initiatives. Additionally, Portuguese authorities have opened a public consultation on the proposal to build a 17 kilometre bypass road around the town of Boticas which will link to project to the national highway network. ---------- Cadence Minerals PLC - London-based mining services company - Mobilisation of the Azteca restart programme at the Amapa Iron Ore Project in Brazil has been completed and refurbishment works are underway across the principal processing, infrastructure and electrical workstreams. Says execution activities are progressing on schedule against the current refurbishment programme, ‘advancing the project towards commissioning and operational readiness.’ CEO Kiran Morzaria comments: ‘The significance of the progress made since receipt of the Installation Licence is not simply that refurbishment activities have started. It is that the project has transitioned from planning into delivery. Mobilisation is complete, contractors are active on site and progress is increasingly being measured against execution, commissioning and operational readiness milestones. Our focus remains on completing the refurbishment programme safely, maintaining schedule discipline and progressing the requirements necessary to support operational readiness and commercial operations.’ ---------- GreenRoc Strategic Materials PLC - Greenland-focused critical mineral project developer - Subsidiary GreenRoc DK A/S signs an advisory services agreement with the European Investment Bank under which the EIB will provide independent advisory support to help advance its Amitsoq graphite mine and the planned active anode material processing project towards financing readiness. Also receives approval from the Government of Greenland for its field programme of Phase III drilling at Amitsoq in South Greenland. Additionally, at the company’s pilot plant for active anode material, successfully installs and commissions laboratory facilities required for quality assessment of graphite products. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
|