Author: Fiona Craig

Jubilee Metals Group (LSE:JLP) has confirmed that non-executive director Nicholas Taylor has stepped down from the board with immediate effect, ending a tenure that began in 2020. During his time with the company, Taylor served as chair of the Audit and Risk Committee, was a member of the Remuneration Committee, and previously sat on the Safety and Sustainability Committee.

The board indicated that appointments to fill the resulting committee vacancies, including a new Audit and Risk Committee chair, will be made in due course. Jubilee Metals expressed its appreciation for Taylor’s contribution to the group’s governance framework over more than five years of service.

From an outlook perspective, the company continues to face pressure following a sharp deterioration in financial performance during FY2025, marked by a collapse in revenue, a substantial net loss and negative free cash flow. Technical indicators offer some offsetting support, with the share price showing strong momentum and trading above key moving averages, although overbought signals introduce additional risk. Valuation impact remains neutral to slightly negative, reflecting the absence of meaningful price-to-earnings and dividend yield metrics.

More about Jubilee Metals Group

Jubilee Metals Group is a Zambia-focused copper producer listed on AIM and Altx. The company operates within the mining and metals sector, with activities centred on copper production and related processing operations across Southern Africa.

Bluebird Mining Ventures Ltd (LSE:BMV) has admitted 1,149,983,767 new ordinary shares to trading on the Main Market of the London Stock Exchange, raising approximately £626,228 through a combination of a placing, direct subscription and WRAP retail offer. Additional shares were also issued to a trust, to directors and consultants in lieu of salary, and as consideration under an acquisition agreement.

The capital raise is intended to strengthen the company’s balance sheet and provide funding support for its growing pipeline of gold streaming and treasury opportunities. In parallel, Bluebird has outlined plans to expand its board in early 2026 through the appointment of additional non-executive directors, a move aimed at enhancing corporate governance and aligning board composition with the company’s longer-term growth ambitions. Following admission of the new shares, total voting rights now stand at 2,013,667,471 ordinary shares, establishing a revised base for shareholder disclosure thresholds.

Despite the balance sheet support, the company’s near-term outlook remains constrained by weak financial performance, characterised by the absence of revenue, ongoing losses and continued negative operating and free cash flow. Technical indicators also remain unfavourable, with the share price trading below key moving averages and momentum signals pointing lower. While low leverage provides some financial flexibility, valuation confidence is limited by the negative price-to-earnings ratio and the lack of dividend income.

More about Bluebird Mining Ventures

Bluebird Mining Ventures Ltd is a gold streaming and treasury company focused on building and managing a gold-backed treasury through streaming agreements. The model provides investors with exposure to physical gold without the operational and capital intensity of mining. The company targets streams linked to producing assets across the ore concentrate-to-bullion value chain, aiming to secure long-term gold flows that can be recycled into new transactions under a disciplined capital allocation and treasury management framework.

Eco (Atlantic) Oil & Gas Ltd. (LSE:ECO) has secured US$10 million through a non-brokered private placement backed by Israeli institutional investors. The financing involved the issue of approximately 26.9 million new common shares at a price of 27.5 pence per share, together with an equal number of three-year warrants exercisable at 40 pence.

The fundraising will result in dilution of around 8% of the company’s existing issued share capital. Proceeds are intended to reinforce the balance sheet and fund accelerated geological and geophysical studies, new venture evaluation, and general corporate purposes across Eco Atlantic’s offshore licence portfolio in Guyana, Namibia and South Africa. Completion of the placement remains subject to regulatory approvals and the admission of the new shares to trading on AIM and the TSX Venture Exchange.

The capital raise provides Eco Atlantic with additional financial flexibility as it progresses exploration activity across the Atlantic Margin, positioning the company to advance technical work programmes and pursue disciplined growth opportunities in its core basins.

More about Eco Atlantic Oil & Gas

Eco (Atlantic) Oil & Gas Ltd. is an exploration-focused oil and gas company listed on AIM and the TSX Venture Exchange, with offshore licence interests in Guyana, Namibia and South Africa. The group concentrates on Atlantic Margin basins, including the Guyana–Suriname, Walvis and Orange basins, targeting relatively low carbon intensity oil and gas prospects in emerging markets with access to existing infrastructure and a focus on disciplined capital deployment.

GSTechnologies Ltd (LSE:GST) has completed the acquisition of 100% of Polish payment services firm Metapay sp. z o.o., strengthening its presence within the European regulated payments market. Metapay operates under a Small Payment Institution licence granted in accordance with the Polish Act on Payment Services, providing GSTechnologies with an established regulatory platform within the EU.

Following completion, the acquired business has been renamed Angra Limited sp. z o.o. The company is expected to play a key role in supporting the continued expansion of Angra Global’s product offering and geographic footprint, alongside ongoing licensing initiatives. The transaction forms part of GSTechnologies’ broader strategy to scale its regulated payment services across multiple European jurisdictions.

Despite the strategic rationale, the company’s overall outlook remains challenged. GSTechnologies continues to face declining revenues, sustained losses and unfavourable valuation metrics, which weigh heavily on investor sentiment. Technical indicators point to ongoing bearish momentum in the share price, underscoring the need for operational improvements and stronger financial performance to restore market confidence.

More about GSTechnologies

GSTechnologies Ltd is a London-listed fintech group focused on domestic and cross-border payment services. The company operates through its Angra Global platform, targeting the expansion of digital payments infrastructure and regulated financial solutions across European markets.

Upland Resources Ltd (LSE:UPL) has secured a US$100 million strategic funding commitment from Wild Mustang Midstream, a subsidiary of Lost Soldier Oil and Gas II Master Series, to support its upstream oil and gas activities across Southeast Asia from 2026 to 2030. The funding is intended to underpin farm-in transactions across selected assets in Sarawak, Brunei and Indonesia, forming part of a multi-year drilling programme targeting up to 10 wells.

The programme spans more than 5 billion barrels of oil equivalent of gross unrisked prospective resources alongside 2C contingent resources, and builds on an expanded strategic framework agreement covering capital provision, technical cooperation and operational delivery. By combining Upland’s regional asset base with Lost Soldier’s access to capital, drilling rigs and midstream infrastructure, the partnership is expected to materially enhance execution capability, financial flexibility and scale as the company positions itself as a growing operator in the region. The strategy aligns with improving fiscal terms and renewed upstream interest across Southeast Asia, driven by strong regional energy demand and increasing focus on both unconventional and stacked conventional plays.

Despite the strategic progress, Upland’s outlook remains constrained by weak financial fundamentals, including the absence of revenue, ongoing losses and widening cash outflows reported in 2024, which continue to imply elevated funding risk. Technical indicators offer only partial support, with the share price trading above longer-term averages but showing softer near-term momentum. Valuation metrics provide limited reassurance, given the negative price-to-earnings ratio and the lack of dividend yield.

More about Upland Resources

Upland Resources Ltd is an upstream oil and gas company focused on building a scalable asset portfolio across Southeast Asia. The group targets exploration, appraisal and development opportunities in Sarawak (Malaysia), Brunei Darussalam and Indonesia, seeking to combine regional expertise, technical capability and access to integrated drilling and midstream infrastructure to advance conventional and unconventional hydrocarbon prospects in under-explored basins.

Pri0r1ty Intelligence Group PLC (LSE:PR1) has reported a strong opening to its 2026 financial year, with contracted revenue already exceeding the total achieved across the whole of 2025. The growth has been driven by increasing uptake of the group’s proprietary AI platforms, including Advisor, Fan Sonar, Vox and Compass ID, as demand accelerates for data-led customer intelligence solutions.

Recent customer wins such as World Aquatics, Untamd and Love Mondays, together with expanded deployments among existing clients including Aston Villa FC, Leukaemia Care and Great British Racing, have lifted the company’s paying customer base beyond 100. Management is targeting 500 customers by the end of the year as it scales its SaaS platforms and consultancy-led offerings across defined sector verticals. The group also highlighted a significant addressable opportunity within the UK’s more than 5 million SMEs investing in customer data and engagement technologies.

Expansion is being pursued through the company’s specialist operating units Halfspace, Metr1c and the Pri0r1ty platform, while investor engagement is set to increase via an upcoming webcast and the launch of a refreshed corporate website. Alongside the growth narrative, the company reiterated that a material portion of its treasury reserves is held in Bitcoin, introducing exposure to cryptocurrency price volatility and related regulatory and operational risks that investors must consider alongside the group’s AI-driven growth ambitions.

More about Pri0r1ty Intelligence Group

Pri0r1ty Intelligence Group PLC is a UK-listed data, AI and marketing services company focused on enabling SMEs and customer-centric organisations to better monetise and optimise their first-party data. The group operates across three divisions: Halfspace, a sports-focused, data-driven marketing and growth business; Pri0r1ty, an AI SaaS and consultancy platform aimed at improving SME operational efficiency; and Metr1c, an AI-enabled brand partnerships and growth specialist serving the entertainment and lifestyle sectors. The company targets large UK SME markets, particularly within sports, music and entertainment, where revenues are underpinned by fan and audience engagement.

CAP-XX Limited (LSE:CPX) has confirmed that it will publish its interim results for the six months ended 31 December 2025 on 2 February 2026. The announcement reinforces the company’s commitment to regular market updates as it continues to build its presence in the global supercapacitor and energy storage sector.

On the same day, chief executive officer Lars Stegmann and interim chief financial officer Anthony Guarna will host a live online presentation for existing and potential investors via the Investor Meet Company platform. The session is intended to provide insight into recent trading, operational developments, and strategic priorities, highlighting management’s focus on transparency and shareholder engagement.

From an outlook perspective, CAP-XX continues to face pressure from weak financial performance and challenging valuation metrics. Technical indicators point to a bearish share price trend, weighing on overall sentiment. In the absence of recent earnings call data or additional corporate catalysts, these factors currently have limited influence on the broader assessment.

More about CAP-XX

CAP-XX Limited specialises in the design and manufacture of thin, flat supercapacitors and associated energy management systems. The company supplies solutions for portable and small-scale electronic devices, while increasingly targeting larger applications including automotive and renewable energy markets. Its products are characterised by high power density and compact prismatic form factors, serving consumer, industrial, transportation, and clean energy end markets.

Deltic Energy (LSE:DELT) has confirmed that completion of its recommended cash takeover by RockRose Energy’s Viaro Bidco remains subject to regulatory approval from the North Sea Transition Authority (NSTA). The consent relates to a change of control over Deltic’s North Sea exploration licences, following shareholder approval of the scheme of arrangement in August 2025.

Viaro Bidco has now obtained an additional extension from the NSTA, pushing the deadline for further submissions to 13 February 2026. The extension allows the bidder to provide additional representations in response to the regulator’s outstanding concerns, extending the period of uncertainty around the transaction’s completion timeline. Until a decision is reached, the outcome of the deal — and Deltic’s future ownership structure — remains unresolved, with potential implications for its position in the UK North Sea upstream sector.

From a financial perspective, Deltic’s outlook continues to be weighed down by the absence of revenue, widening losses, sustained cash outflows, and a significantly reduced equity base reported in 2024. Market technicals reflect these pressures, with the share price in a clear downtrend and momentum indicators remaining weak. Valuation offers little support at this stage, as ongoing losses render the negative price-to-earnings ratio less meaningful and no dividend income is available.

More about Deltic Energy

Deltic Energy is a UK-focused oil and gas company holding exploration licences in the North Sea. The group operates within the upstream energy sector, concentrating on exploration and appraisal activities across the UK Continental Shelf.

Blencowe Resources Plc (LSE:BRES) has entered into a Letter of Intent with Italian graphite processor Alkeemia S.P.A. to toll process and purify material from its Orom-Cross graphite project in Uganda at a newly developed facility in Italy. The arrangement is designed to create a cleaner, non-China downstream pathway and support the production of ultra-high-purity graphite of up to 99.99% for specialist, higher-value applications.

Under the initial terms, up to 1,000 tonnes of graphite per year are expected to be processed, with flexibility to expand volumes over time. The agreement is intended to reduce downstream execution risk, enhance Blencowe’s appeal to European customers and financiers, and establish a traceable, locally processed supply chain aligned with European critical minerals strategies. Separately, the company confirmed the issue of 500,000 new shares and 1,000,000 options to consultant Minex, taking total voting rights to 477,795,645 shares following admission to trading in London.

Despite the strategic progress, Blencowe continues to face material financial headwinds, including the absence of revenue, ongoing losses, and negative operating cash flows. Market indicators remain weak, reflecting these challenges, although recent funding activity and strategic partnerships provide some optionality for future development. Overall, near-term financial and operational pressures continue to dominate the investment outlook.

More about Blencowe Resources

Blencowe Resources Plc is a London-listed natural resources company focused on advancing the Orom-Cross graphite project in Uganda. The company aims to supply natural flake graphite into European battery and energy-transition supply chains, including participation as an exclusive supplier to the EU SAFELOOP initiative under the European Union’s Project Horizon framework.