Author: Fiona Craig

ITM Power (LSE:ITM) has introduced Hydropulse GmbH, a new subsidiary dedicated to decentralized green hydrogen production tailored for industrial customers throughout Europe. Leveraging ITM’s proprietary NEPTUNE technology, Hydropulse aims to overcome traditional barriers in green hydrogen projects by delivering a scalable, cost-effective solution that requires no upfront capital investment or technology risk for clients. This approach is expected to unlock numerous stalled projects, particularly in sectors with steady hydrogen demand such as chemicals and steel manufacturing.

Hydropulse’s innovative business model is designed to provide a reliable revenue stream for ITM Power while expanding its footprint in the green hydrogen market.

The outlook for ITM Power remains mixed. Although the company faces significant financial hurdles and challenging valuation metrics, recent technical signals and positive corporate initiatives offer some optimism. Strong short-term momentum is evident, but underlying financial weaknesses continue to raise concerns. Strategic partnerships and contract acquisitions present promising growth avenues, yet improving financial stability will be key to boosting investor confidence and long-term stock performance.

About ITM Power

Founded in 2000 and listed on the AIM segment of the London Stock Exchange since 2004, ITM Power is headquartered in Sheffield, UK. The company is a leading developer of electrolysers based on proton exchange membrane (PEM) technology, enabling the production of green hydrogen from renewable electricity and water.

Liontrust Asset Management (LSE:LIO) has announced its financial results for the year ending 31 March 2025, reporting a decline in gross profit to £157.7 million and adjusted profit before tax of £48.3 million. Despite this downturn, the firm has upheld its full-year dividend payout and introduced a new Capital Allocation Policy aimed at fostering sustainable long-term growth and enhancing shareholder value.

To improve operational efficiency and investment processes, Liontrust has implemented key changes, including the integration of BlackRock’s Aladdin platform and the outsourcing of trading operations to BNY. These initiatives are designed to strengthen decision-making capabilities while driving cost savings.

The company remains focused on broadening its fund offerings and expanding its global distribution network, positioning itself to benefit from a growing preference for active asset management amid a complex market landscape.

Liontrust’s outlook reflects a blend of financial pressures and strategic progress, with bearish technical signals balanced by strong dividend returns and management’s demonstrated confidence through insider purchases and share repurchases. While challenges persist, the attractive dividend yield may appeal to income-focused investors, though caution is advised given ongoing operational hurdles.

About Liontrust Asset Management

Liontrust Asset Management Plc is a UK-based independent fund management company specializing in active investment strategies. Serving both domestic and international clients, Liontrust offers a diverse suite of funds and services. The company is recognized for its award-winning investment approaches, strong brand reputation, and commitment to delivering alpha through active portfolio management.

Filtronic plc (LSE:FTC) has reported full-year 2025 results that outperformed market forecasts, posting a remarkable 120% rise in revenue to £56.3 million alongside an adjusted EBITDA of at least £16.6 million. The company has deepened its involvement in the European space sector as well as aerospace and defense, securing key contracts with major players including Viasat, the European Space Agency, and Airbus.

Technological innovations such as the Prometheus V-band Amplifier underscore Filtronic’s leadership in advanced microelectronics. Looking ahead to FY2026, the firm is optimistic, backed by a strong order pipeline and plans to relocate and expand its manufacturing facilities to support growing demand.

Filtronic’s solid financial results and strategic developments have positively influenced its market standing. While technical indicators show bullish momentum, investors should remain cautious due to overbought signals. Additionally, a high price-to-earnings ratio tempers the overall valuation outlook.

About Filtronic

Filtronic is a global pioneer in advanced microelectronics, specializing in the design and production of critical communication network components. With a legacy spanning over 45 years, the company operates two manufacturing sites and three engineering centers worldwide. Filtronic’s solutions serve demanding sectors including space, aerospace, defense, telecommunications infrastructure, and emergency communications. Its focus lies in developing proprietary intellectual property into customized products that deliver higher bandwidth, lower latency, and improved connectivity for high-growth applications.

Anglo Asian Mining (LSE:AAZ) encountered notable disruptions in 2024, including a temporary environmental shutdown that affected its production output and financial results. Despite these hurdles, the company has bounced back strongly, with full production now restored at its Gedabek operation, renewed access granted to the Demirli site, and the commencement of mining activities at the new Gilar project.

With a clear growth strategy in place, Anglo Asian aims to evolve into a mid-tier producer by significantly expanding its production capacity. Importantly, this growth plan is designed to be financed without issuing new shares, thereby protecting existing shareholders while positioning the company for sustainable future success.

About Anglo Asian Mining plc

Anglo Asian Mining plc is an established gold, copper, and silver producer operating across a portfolio of mines and exploration sites in Azerbaijan. The company is targeting a transition to a multi-asset mid-tier copper and gold producer by 2029, with four new mines—Gilar, Zafar, Xarxar, and Garadag—planned to enter production over the coming years.

GSTechnologies Limited (LSE:GST) has announced the adoption of a new treasury policy that permits the company to hold a substantial portion of its cash reserves in Bitcoin. This initiative is a key component of its broader GS Money strategy, aimed at leveraging digital assets to enhance shareholder returns while mitigating risks related to counterparties and currency fluctuations.

Although investing in Bitcoin carries inherent volatility and risk, GSTechnologies views this move as a way to strengthen its position in the evolving blockchain ecosystem and capitalize on the growing acceptance of cryptocurrencies within financial markets.

The company continues to face operational and profitability hurdles, as reflected in recent financial results and market indicators. Nonetheless, strategic acquisitions made in early 2025, including the Bake Cryptocurrency Platform, offer potential avenues for growth and innovation, providing some optimism despite current challenges.

About GSTechnologies Limited

GSTechnologies is a fintech enterprise focused on delivering digital asset solutions through blockchain integration. Its offerings include the Bake Cryptocurrency Platform, acquired in 2025, which supports cryptocurrency services and trading. The company aims to drive innovation in financial technology by harnessing the potential of decentralized finance and digital currencies.

Metals One Plc (LSE:MET1) has announced an expansion of its initial Phase 1 exploration program at the Uravan Uranium-Vanadium Project, located in Colorado’s prolific Uravan Mineral Belt. The company has increased its geophysical survey coverage from a one-mile radius to three miles, intensifying efforts to evaluate uranium potential within the Morrison and Chinle geological formations.

The expanded program incorporates detailed geophysical grid surveys, geological mapping, and targeted sampling, designed to validate historical data and establish a robust foundation for a possible Phase 2 drilling campaign. This strategic enhancement of the exploration area aims to confirm the presence of uranium mineralization and refine resource estimates.

This development could significantly strengthen Metals One’s foothold in the uranium sector, bolstering its resource base and enhancing its prospects in the critical minerals market amid rising demand for clean energy-related materials.

About Metals One Plc

Metals One is a mineral exploration and development company focused on sourcing critical metals and gold from stable, low-risk jurisdictions. The firm’s project portfolio spans several countries, including the USA, Finland, and Norway. Its exploration targets include copper, nickel, cobalt, zinc, uranium, vanadium, and platinum group metals—key commodities driving the transition to sustainable energy solutions. Metals One is publicly traded on the AIM Market of the London Stock Exchange.

Tritax Big Box REIT plc (LSE:BBOX) has announced a strategic acquisition of Warehouse REIT plc (LSE:WHR), aimed at strengthening its leadership in the UK logistics real estate sector. The proposed transaction, valued at approximately £485.2 million, will be carried out via a court-sanctioned scheme of arrangement and includes a mix of cash and new Tritax shares for Warehouse REIT shareholders.

The deal represents a meaningful premium over Warehouse REIT’s recent share price and is expected to deliver immediate financial and operational benefits. Once completed, the acquisition will expand Tritax’s asset base and enhance liquidity, while driving down the cost of capital. The combined group is also expected to realize cost efficiencies and improved financing terms, with the transaction projected to be accretive to earnings within the first full year post-merger.

This move positions Tritax Big Box as an even more dominant force in the logistics property space, capitalizing on the sustained demand for modern distribution and fulfillment centers driven by e-commerce and supply chain modernization.

About Tritax Big Box REIT plc

Tritax Big Box REIT is a UK-listed real estate investment trust focused on acquiring and managing large-scale logistics facilities—commonly referred to as “big boxes”—that are integral to national and international supply chains. The company targets strategic assets near key transport infrastructure, urban centers, and last-mile delivery zones. Its portfolio supports tenants across sectors such as retail, manufacturing, and data infrastructure. Tritax aims to generate sustainable, long-term returns for shareholders through active asset management and high-quality property investments.

African Pioneer Plc (LSE:AFP) has achieved a major regulatory milestone with the approval of an unconditional mining licence for its Ongombo Copper-Gold Project, located in Namibia’s Khomas Region. The licence is valid until 2045, granting the company a 20-year runway to advance the project into full-scale operations.

With the licence now secured, African Pioneer is moving swiftly into the development phase, focusing initially on launching a low-cost open-pit mining operation. This approach is designed to fast-track production while minimizing upfront capital requirements, potentially positioning Ongombo as a significant new source of copper and gold in the region.

The approval not only advances the company’s flagship project but also strengthens its presence in Namibia’s mining sector, a country known for its resource potential and investor-friendly regulatory environment.

About African Pioneer Plc

African Pioneer is a UK-listed mining exploration and development company focused on copper and gold assets in Southern Africa. The company’s principal asset is the Ongombo Project in Namibia, where it is targeting near-term production. African Pioneer’s strategy centers on identifying undervalued mineral projects with strong development potential and progressing them through early-stage exploration into production.

Aptamer Group plc (LSE:APTA) has announced a strategic development and licensing agreement with a prominent global life sciences company to co-develop a bespoke Optimer®-Fc reagent. Designed for use in immunohistochemistry assays and diagnostic test kits, the reagent is part of Aptamer’s proprietary Optimer platform, which offers an innovative alternative to traditional antibody-based tools.

The deal includes a royalty-bearing structure, positioning Aptamer to benefit from potential recurring revenue streams as the product reaches the commercial stage. The partnership not only validates the technical strength of the Optimer®-Fc platform but also expands its reach into high-value diagnostic markets.

This collaboration marks a significant step forward in Aptamer’s commercial strategy, reflecting growing interest in its next-generation synthetic binders that offer improved stability, specificity, and ease of manufacture compared to conventional antibodies.

Company Outlook

While Aptamer Group continues to face financial headwinds — including low revenue and valuation pressures — strategic agreements like this underscore the potential of its platform technology. Investor sentiment may remain cautious due to current financial challenges, but partnerships with established players could serve as catalysts for long-term growth. From a technical standpoint, the stock appears moderately stable, although a clear improvement in financial performance will be critical to increasing investor confidence.

About Aptamer Group plc

Aptamer Group is a UK-based biotechnology company pioneering synthetic aptamer technologies for use in research, diagnostics, and therapeutics. Its flagship platform, Optimer®, is designed to create high-performance, antibody-alternative binding molecules tailored to specific applications. The company focuses on providing custom solutions to partners in the life sciences sector, with a particular emphasis on diagnostics and immunohistochemistry.

Bezant Resources PLC (LSE:BZT) has secured a key milestone with the formal approval of a mining licence for its Hope and Gorob Project in Namibia. The licence, which remains valid through March 2040, paves the way for the company to move from exploration to full-scale project implementation.

With the regulatory green light now in place, Bezant will begin advancing into the construction and commissioning phase of the mine. This development significantly boosts the company’s operational momentum and underscores its growing presence in the southern African mining sector.

The long-term licence is expected to increase investor confidence and operational flexibility, enhancing Bezant’s ability to attract strategic partnerships and capital as it builds out the project.

About Bezant Resources PLC

Bezant Resources is a natural resources company focused on the exploration, acquisition, and development of mineral assets. Its portfolio includes interests in copper and precious metal projects, with a strategic emphasis on expanding its resource base and advancing projects toward production. The company’s operations span several jurisdictions, with the Hope and Gorob Project representing a key pillar of its growth strategy.