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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: ---------- Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Announces new portable X-ray fluorescence analytical results from diamond drill holes TKDD001 to TKDD003 at its Teufelskuppe Project, Results further confirm the presence of extensive, high-grade rare earth element mineralisation, Kendtrick says. TKDD002 delivers peak individual pXRF values of 15.10 weight percent, 10.02 wt%, 9.99 wt%, 5.33 wt% and 4.00 wt% total rare earth oxide, with a significant mineralised intercept of 2.75 metres at 4.91 wt% TREO from 109.25m. TKDD002 also demonstrates widespread REE mineralisation throughout the drill hole, with multiple high-grade intervals separated by zones of core loss. Previously reported exceptional intercepts from TKDD001 remain unchanged, including 8.14 wt% TREO over 21.16m. Says this confirms the continuity of the mineralisation. Chair Colin Bird says: ‘The continuity of mineralisation is very encouraging, particularly our ability to match extensive surface exposures of mineralisation with depth extensions intersected during drilling. Ultimately, we would expect this continuity to be reflected in the Mineral Resource Estimate. Drilling is continuing at pace as we build the drilling database ahead of a Mineral Resource Estimate for Teufelskuppe’. ---------- First Development Resources PLC - explorer for critical minerals and rare-earth elements in Western Australia and Northern Territory - Begins site preparation activities at the Lander West Gold Target within its Selta Project in Australia’s Northern Territory. This is ahead of the company’s maiden Phase I Rrverse circulation drilling programme. The drill rig is expected to arrive on site in the coming days, with drilling anticipated to commence shortly thereafter. Chief Executive Officer Tristan Pottas says: ‘The commencement of site preparation at Lander West represents an important milestone in the advancement of the Selta Project as we prepare for our maiden Phase I RC drilling programme. Over recent months we have systematically advanced Lander West through geological interpretation, geophysical surveying, geochemical sampling, permitting and drill targeting. With our field team now on site and the drill rig expected to arrive on site in the coming days, we are entering an exciting new phase for the company.’ ---------- Metals One PLC - critical and precious metals project developer and investor with a focus on gold and uranium - Enters into new conditional heads of terms with 19.1%-held Lions Bay Capital Inc, Salamander Consulting Group Ltd, 30%-held Lions Bay Resources Proprietary Ltd and its affiliates regarding a proposed transaction under which Lions Bay would acquire 100% of LBR. Metals One currently holds a 30% stake in LBR and an option to acquire a further 19.99%. As consideration, Metals One would receive 72.0 million Lions Bay shares, including 2.0 million shares for financing fees and legal costs, while Lions Bay also expects to transfer 16.9 million shares in Fidelity Minerals Corp to Metals One in partial repayment of outstanding debt, increasing Metals One’s Fidelity stake to 40.5% from 12.96%. The remaining $2.3 million debt would become a loan owed by LBR to Metals One. The transaction implies an initial market value of £14.8 million for Metals One’s Lions Bay holding following total investments in Lions Bay and LBR of £4.4 million, representing an unrealised gain of 237%. Metals One Managing Director Daniel Maling says: ‘After our initial investment in Lions Bay Capital in August 2025, we are very pleased to see the long-term plan coming into fruition...We look forward to further supporting Lions Bay and are excited by the upside potential of the project and investment.’ ---------- Metals One PLC also reports 2025 results. Pretax loss widens to £11.1 million from £1.6 million in 2024. Administrative expenses rise to £6.3 million from £1.3 million. ‘Following transformational financings during [2025] that delivered net proceeds of over £15 million, Metals One’s position has been materially strengthened. The company’s core focus is now on developing a gold business in South Africa and exploring its uranium claims in North America, alongside other majority and minority project interests globally,’ it says. ---------- PipeHawk PLC - Cinderford, England-based engineering solutions for utilities, government and rail industries - Completes disposal of its entire interest in Utsi Electronics Ltd. The cash consideration of £1.0 million, less a £100,000 retention for up to 12 months, will be applied to the group’s working capital requirements. Thomson Engineering Design Ltd, which includes the trading activities of Wessex, now represents the group’s remaining business activities. ---------- River UK Micro Cap Ltd - London-based investor focused on companies with market caps under £100 million - UK Financial Conduct Authority grants approval for the changeincontrol of River Global Holdings Ltd. The proposed acquisition of River Global Holdings Ltd by Liontrust Asset Management PLC is now expected to close today. ‘The independent Board confirms that it remains fully supportive of the company’s current investment strategy. The Board does not currently expect any material change to the company’s investment strategy or portfolio management arrangements as a result of the transaction,’ company says. ---------- Team PLC - Jersey-based wealth, asset management and financial services - Completes acquisition of eight institutional quality investment mandates from EPIC Markets (UK) LLP. The transaction was announced back in March. Team expects the deal to add £157 million of assets under management. ---------- GenIP PLC - London-based generative AI services provider - Says its subscription platform remains on track for the fourth quarter, targeting 60% or greater gross margins and 90% to 95% automation by early 2027. ‘The platform will formalise repeat purchasing behaviour already demonstrated across the client base and transition GenIP from a services business to a scalable, recurring revenue intelligence platform,’ company says. Notes use of Anthropic’s AI technology to further strengthen the quality, speed and depth of its analysis. ---------- Experian PLC - Dublin-based provider of consumer credit score checking, fraud detection and credit application processing services - Announces up-to $1 billion buyback programme, running until June 30 2027. ---------- Molten Ventures VCT PLC - London-based investment trust associated with venture capital firm Molten Ventures PLC - Comments on offer for subscription of up to £10 million with an overallotment facility for a further £20 million. Extends the date which applications must be received from to July 24 from June 30. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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