Author: Fiona Craig

  • NeoTerra Terminates Growth Capital Facility

    NeoTerra Terminates Growth Capital Facility

    NeoTerra Group Plc (LSE:TERA) has terminated its Growth Capital Facility after issuing only the initial tranche of shares provided for under the financing arrangement.

    Under the facility, 12,000,000 ordinary shares were issued to Zeus at nominal value as an initial tranche. NeoTerra said no additional shares were drawn under the facility.

    Following the termination, control of the initial tranche of 12,000,000 shares is being returned to NeoTerra in accordance with the mechanism established under the arrangement.

    The termination changes the company’s existing funding arrangements as it continues exploration and development activities across its African critical minerals portfolio.

    More about NeoTerra Group Plc

    NeoTerra Group Plc is a London Main Market-listed exploration and development company focused on critical raw materials projects in Africa.

    Its portfolio includes the Monte Muambe project in Mozambique, which covers rare earths, fluorspar and gallium and is held under a 25-year mining licence. The project has also received U.S. government grant funding.

    NeoTerra additionally holds the Sesana copper-silver project in Botswana, located near MMG’s Khoemacau mine.

    The company is evaluating additional projects as it develops a portfolio spanning commodities used in clean energy, technology, defence and industrial applications.

  • Manx Financial Reports Higher Lending Volumes and Expands Fintech Activities in H1 2026

    Manx Financial Reports Higher Lending Volumes and Expands Fintech Activities in H1 2026

    Manx Financial Group (LSE:MFX) reported increased lending activity across parts of the business during the first half of 2026, alongside the development of new financial technology products and partnerships.

    Conister Bank increased its loan-to-deposit ratio during the period while maintaining profitability and its capital ratios. The bank also entered into a commercial agreement with Fiinu covering a new overdraft product.

    The Group has begun implementing an artificial intelligence strategy, initially focusing on automating the handling of Discretionary Commission Arrangements claims. According to Manx Financial, the initiative is intended to reduce costs and improve processing efficiency.

    Manx Financial is also pursuing an Irish consumer credit licence. If obtained, the licence could allow certain products to be passported into the European Union.

    Payment Assist Lending Volumes Rise 31.9%

    Payment Assist reported a 31.9% increase in core automotive Buy Now Pay Later lending volumes during the period and surpassed £1 billion in cumulative customer transactions.

    The business also entered into agreements with additional dealers, car supermarkets and warranty providers.

    Payment Assist is developing additional customer products covering areas including insurance, breakdown cover and vehicle repair services. It is also working on a “garage wallet” intended to facilitate repeat customer use across its network of more than 9,000 partner locations.

    The company has also launched Ignition, a payments platform for the automotive sector that combines conventional payment methods with a range of financing options.

    Manx Financial’s board expects continued investment in Ignition and development of the Manx Ventures portfolio to increase the markets available to the Group and contribute to future earnings growth.

    More about Manx Financial

    Manx Financial Group is a diversified financial services company operating through businesses including Conister Bank, Payment Assist and Manx Ventures across the Isle of Man and the U.K.

    Conister Bank provides retail and commercial lending funded by deposits, while Payment Assist operates in automotive finance and payments technology. Manx Ventures is the Group’s venture investment business and invests in companies that can access funding through Conister Bank.

    The Group is also seeking regulatory approval to extend certain lending activities into the European Union and is implementing artificial intelligence technology in parts of its operations.

  • Reabold Reports 5.7% Acceptances for All-Share Offer for Union Jack Oil

    Reabold Reports 5.7% Acceptances for All-Share Offer for Union Jack Oil

    Reabold Resources (LSE:RBD) has provided a Day 35 update on its recommended all-share offer for Union Jack Oil plc (LSE:UJO), reporting valid acceptances representing approximately 5.70% of Union Jack’s issued share capital.

    As of the relevant reporting point, Reabold had received valid acceptances covering 8,352,272 Union Jack shares.

    The total includes 3,132,144 Union Jack shares subject to irrevocable undertakings, representing approximately 2.14% of the company’s issued share capital.

    The all-share offer was initially announced in July and is being conducted under the UK Takeover Code.

    Reabold said the offer remains open for acceptance by Union Jack shareholders until 1.00 p.m. London time on 25 September 2026, which is currently the unconditional date.

    Reabold’s board has recommended that remaining Union Jack shareholders accept the offer. The board has said it believes combining Union Jack’s assets with Reabold would create a more robust and competitive business.

    More about Reabold Resources

    Reabold Resources plc is an investing company focused on gas projects and upstream energy assets.

    The company’s strategy includes acquiring and developing assets with a focus on the European energy sector.

  • Debenhams Group Reports 98,489 Shares Allotted Under Employee Share Schemes

    Debenhams Group Reports 98,489 Shares Allotted Under Employee Share Schemes

    Boohoo Group plc (LSE:DEBS), through its Debenhams Group operations, has provided an update on its block listing arrangements covering employee share schemes.

    The company reported that 98,489 shares were allotted under the arrangements between 8 January and 7 July 2026.

    Following those allotments, 1,722,849 securities remain available under the existing block listing arrangements.

    The block listing relates to shares used in connection with the group’s employee share schemes.

    More about Debenhams Group

    Debenhams Group operates a multi-brand online retail platform covering fashion, home and beauty. Its shopping destinations include Debenhams, Karen Millen, boohoo, MAN and PLT.

    The business traces the Debenhams brand’s history to 1778 and now operates through digital channels, combining the Debenhams online department store with a portfolio of fashion-focused e-commerce brands.

    The group serves customers in the U.K. and international markets through its online retail operations.

  • Victoria PLC Reports Operational Changes and Progress on Refinancing

    Victoria PLC Reports Operational Changes and Progress on Refinancing

    Victoria PLC (LSE:VCP) provided shareholders with an update ahead of its Annual General Meeting, reporting the completion of operational changes in Spain and Turkey alongside progress on refinancing its 2028 bonds and preferred equity.

    The flooring manufacturer said productivity upgrades have been completed at its V4 ceramics line in Spain. Victoria has also finished relocating Balta’s rug weaving equipment from Belgium to Turkey.

    According to the company, these measures are expected to increase efficiency, output and EBITDA during the remainder of the year and contribute to performance in FY28.

    Victoria said its U.K. business remains robust and has no credit exposure to Headlam plc, which has indicated plans to appoint administrators. Management said developments at Headlam could create market opportunities for Victoria.

    Elsewhere, the company reported volatile trading conditions across its other markets. Rising energy, diesel and other input costs have led the group to introduce additional measures intended to mitigate their effect on margins and cash generation.

    Victoria also reported progress with the proposed refinancing of its 2028 bonds and preferred equity. Completion remains targeted for the fourth quarter, with documentation expected to be available in mid-September.

    Executive Chairman Geoff Wilding said the group has made an encouraging start to the year driven by increased management focus and actions.

    More about Victoria PLC

    Victoria PLC is an international flooring designer, manufacturer and distributor headquartered in Worcester, U.K. Its products include carpet, underlay, ceramic tiles, luxury vinyl tile, artificial grass and flooring accessories.

    The AIM-listed company has operations across Europe, the U.S. and Australia and employs approximately 5,000 people across more than 30 sites.

    Victoria’s stated strategy includes acquisitions and organic growth, with a focus on increasing earnings and cash flow per share.

  • Botswana Minerals Advances AI-Assisted Copper Exploration to Fieldwork in Ngamiland

    Botswana Minerals Advances AI-Assisted Copper Exploration to Fieldwork in Ngamiland

    Botswana Minerals (LSE:BMIN) has moved its AI-assisted exploration programme in north-west Botswana from regional data analysis to targeted fieldwork as it works to identify potential drill targets across its Ngamiland licences.

    On the company’s southern licences in eastern Ngamiland, AI-based analysis has identified nine principal corridors considered prospective for copper mineralisation. These include a priority target located next to historical copper oxide and carbonate mineralisation.

    Botswana Minerals is also examining whether the geology identified within its licence area could have a regional connection with Namibia’s Matchless Belt.

    On the northern licences, the company is preparing to begin field sampling across targets identified as priorities through AI analysis and geochemical data. The work is intended to further define these areas and identify specific locations for potential drilling.

    Data generated from the sampling programme will be assessed alongside geophysical information and historical drill core as Botswana Minerals determines which targets should receive further exploration work.

    The company said the planned next stages of the programme will be funded from its existing cash resources.

    More about Botswana Minerals plc

    Botswana Minerals plc is an exploration company listed on AIM and the Botswana Stock Exchange, with a focus on copper and strategic minerals in Botswana.

    The company is applying AI-assisted exploration techniques across licences in the Ngamiland region to identify areas prospective for copper and polymetallic mineralisation.

  • Empyrean Energy Schedules AGM for 29 September and Changes Registered Office

    Empyrean Energy Schedules AGM for 29 September and Changes Registered Office

    Empyrean Energy (LSE:EME) has scheduled its Annual General Meeting for 29 September 2026 in London and has distributed its Annual Report and Accounts and notice of AGM to shareholders.

    The company said voting for the AGM will be conducted electronically. Shareholders requiring a hard-copy proxy form can request one from the company’s registrars.

    Empyrean has also changed its registered office to new premises on Fetter Lane in central London.

    The AGM arrangements and registered office change form part of the company’s corporate administration and shareholder meeting procedures.

    More about Empyrean Energy

    Empyrean Energy PLC is an AIM-listed oil and gas company focused on exploration and production activities.

    The company operates a portfolio of hydrocarbon assets alongside its related corporate activities.

  • PureTech Health to Report Half-Year 2026 Results on 22 September

    PureTech Health to Report Half-Year 2026 Results on 22 September

    PureTech Health plc (LSE:PRTC) said it will publish its results for the six months ended 30 June 2026 on Tuesday, 22 September 2026.

    The company will hold a presentation and conference call at 9:00 a.m. BST on the same day. A webcast of the event will also be available through PureTech Health’s investor relations website.

    The scheduled results will provide an update on the company’s financial performance and operations during the first half of 2026.

    More about PureTech Health

    PureTech Health plc is a biotherapeutics company that uses a hub-and-spoke model to develop therapies based on validated pharmacology for conditions with unmet patient needs.

    The company’s research and development activities have generated multiple therapeutic candidates, including three drugs that have received approval from the U.S. Food and Drug Administration.

    PureTech uses dedicated structures supported by external capital to develop certain therapeutic assets, allowing multiple programmes to progress in parallel. The company is listed on the London Stock Exchange under the ticker PRTC.

  • Yellow Cake Grants Long-Term Share Option Awards to CEO and CFO

    Yellow Cake Grants Long-Term Share Option Awards to CEO and CFO

    Yellow Cake plc (LSE:YCA) has granted long-term incentive awards to chief executive Andre Liebenberg and chief financial officer Carole Whittall under the company’s 2019 share option plan.

    The awards take the form of nil-cost share options structured as performance shares. Based on a commencement share price of £6.33, Liebenberg received options covering 27,065 shares, while Whittall received options over 11,502 shares.

    The options are scheduled to vest in April 2029, subject to the achievement of performance conditions measured over a three-year period.

    The performance criteria are primarily linked to Yellow Cake’s relative share price performance compared with uranium-sector peers and benchmarks, as well as growth in the company’s uranium holdings and revenue.

    The awards form part of the company’s long-term executive remuneration arrangements and link the number of shares ultimately vesting to the specified performance measures.

    More about Yellow Cake plc

    Yellow Cake plc is a Jersey-headquartered, London-quoted uranium investment company that provides exposure to the uranium market principally through the acquisition and holding of physical triuranium octoxide, or U3O8.

    The company holds 24.4 million pounds of U3O8 at storage facilities in Canada and France. Its activities also include a ten-year uranium supply framework agreement with Kazatomprom.

    Yellow Cake’s stated strategy is to generate returns from changes in the value of its physical uranium holdings and other uranium-related activities.

  • Cora Gold Completes £15.7 Million Equity Raise and Secures US$120 Million Gold Stream

    Cora Gold Completes £15.7 Million Equity Raise and Secures US$120 Million Gold Stream

    Cora Gold Limited (LSE:CORA) has completed a £15.7 million equity financing and secured a binding US$120 million gold stream to fund development of its Sanankoro Gold Project in Mali through to production.

    Following the equity raise, Singapore-based Eagle Eye Asset Holdings became Cora Gold’s largest shareholder with a 29.85% interest and gained board representation.

    During the first half of 2026, Cora began Front-End Engineering Design work at Sanankoro and commenced a 12,000-metre drilling programme. The company also made changes to its advisory team and board during the period.

    After the period end, Cora secured the renewal of the Sanankoro II exploration permit. The financing arrangements were also amended to provide flexibility for the company to substitute up to half of the gold stream with senior debt.

    Cora additionally appointed Russell White, who has experience in the West African mining sector, as the company continues preparations for construction at Sanankoro.

    The company reported net assets of US$47.3 million alongside an interim loss.

    More about Cora Gold

    Cora Gold Limited is a West Africa-focused gold developer with projects in Mali and Senegal. Its principal asset is the Sanankoro Gold Project in southern Mali’s Yanfolila Gold Belt, which has a Probable Reserve of 531,000 ounces of gold and is planned as an open-pit oxide operation.

    The company’s 2025 Definitive Feasibility Study for Sanankoro reported a post-tax internal rate of return of 98% and a post-tax net present value at an 8% discount rate of US$365 million.

    Cora is also conducting exploration at its Madina Foulbé project in eastern Senegal, where it is assessing the potential for gold mineralisation.