Author: Fiona Craig

Mkango Resources Ltd (LSE:MKA) has reported a significant expansion in magnet production capacity at HyProMag USA’s Texas Hub, a move that materially enhances the project’s economics and strengthens the domestic supply of critical materials in the United States.

Following the capacity increase, the project’s post-tax net present value has risen to around US$780 million based on forecast pricing assumptions. The expansion is expected to play a role in rebuilding the U.S. rare earth magnet industry while supporting domestic critical-minerals supply chains. In addition, the development could generate between 90 and 100 skilled jobs once fully operational.

HyProMag USA is also evaluating the possibility of pursuing a U.S. stock market listing in late 2026 or early 2027. Any such move would depend on the successful execution of the project and the completion of relevant regulatory processes.

More about Mkango Resources

Mkango Resources Ltd is listed on AIM and the TSX Venture Exchange and focuses on the production of recycled rare earth magnets, alloys and oxides. The company aims to establish itself as a leading participant in the sector through its majority ownership of Maginito Limited, which houses its magnet recycling and manufacturing activities.

Beeks Financial Cloud Group Plc (LSE:BKS) has signed a multi-year agreement with nuam, the newly formed Latin American exchange group that brings together the stock exchanges of Santiago, Colombia and Lima.

Under the contract, Beeks will roll out its Exchange Cloud infrastructure to support market participants operating across the integrated exchanges. Nuam becomes the seventh exchange globally to adopt Beeks’ Exchange Cloud offering, further extending the company’s footprint in regulated market infrastructure.

The partnership is expected to contribute to higher levels of recurring revenue for Beeks while reinforcing its position as a global provider of low-latency cloud services to capital markets. For nuam, the deployment is intended to improve liquidity, transparency and operational efficiency across the region’s capital markets.

Beeks enters the agreement from a position of financial strength, supported by recent contract wins and strategic partnerships. While growth prospects remain attractive, technical indicators point to a more cautious near-term outlook, and valuation metrics, including a relatively high price-to-earnings ratio and the lack of a dividend, may temper investor enthusiasm.

More about Beeks Financial Cloud Group Plc

Beeks Financial Cloud Group Plc is a specialist managed cloud services provider focused on the capital markets and financial services industry. The company delivers Infrastructure-as-a-Service solutions designed for low-latency trading, connectivity and analytics within a secure hybrid cloud environment. Founded in 2011 and ISO 27001 certified, Beeks employs more than 100 people globally and is headquartered in Renfrew, Scotland.

eEnergy Group plc (LSE:EAAS) has reported strong customer demand and a sizeable contracted and committed project pipeline, with net revenue of around £127 million generated across 996 active projects during FY2025.

During the year, the company secured a number of notable contracts, including a £1.5 million solar PV installation for food manufacturer Brioche Pasquier and a £0.5 million agreement with University Hospitals Plymouth NHS Trust. Some contract signings were delayed, pushing a portion of expected revenue into FY2026, but management said this has increased confidence in delivering a record performance in the year ahead.

As a result, eEnergy has upgraded its revenue and EBITDA forecasts for FY2026. The group continues to broaden its reach through public sector frameworks and strategic partnerships, which it believes will support sustained long-term growth.

Despite the positive operational momentum, the company’s overall market rating remains constrained by historical financial losses and weak technical indicators. Valuation metrics, including a negative price-to-earnings ratio and the absence of a dividend, continue to weigh on sentiment, even as recent corporate developments point to improving underlying activity.

More about eEnergy Group

eEnergy Group plc is a UK-based Energy-as-a-Service provider delivering energy efficiency and generation solutions to public sector and commercial clients. Its offerings include LED lighting and controls, solar photovoltaic systems, battery storage and electric vehicle charging infrastructure, all designed to reduce energy consumption and costs without upfront capital expenditure. The company is a leading provider to the education sector and is recognised for its role in supporting the UK’s green economy.

Goldplat plc (LSE:GDP) has published its audited results for the financial year ended 30 June 2025, reporting lower revenue and profit as a result of operational changes at its Ghanaian operations.

Despite the decline in earnings, the company continued to generate strong cash flows and ended the period with higher cash balances, underlining the underlying resilience of the business model. Management said it remains focused on improving long-term earnings visibility through enhanced processing techniques and deeper partnerships with suppliers and clients.

Goldplat also reiterated its commitment to sustainability and to returning surplus cash to shareholders when appropriate. While near-term sentiment may be influenced by the reported underperformance, the company believes its solid financial position and disciplined capital management provide a platform for future growth.

From a market perspective, valuation metrics remain supportive, and technical indicators point to a broadly neutral outlook. However, recent corporate developments could continue to weigh on short-term investor confidence.

More about Goldplat

Goldplat plc is a mining services company specialising in the recovery of gold and other precious metals from by-products, contaminated materials and secondary sources. Operating in South Africa and Ghana, the group supports mining industries across Africa and South America, contributing to the circular economy by reprocessing materials that would otherwise be treated as waste.

Altona Rare Earths Plc (LSE:REE) has completed an expanded drilling campaign at its Monte Muambe project in Mozambique, increasing total drilled metreage by around 70% following encouraging results and the identification of additional exploration targets.

The company said the positive outcomes from the programme justified the larger scope of work and have strengthened confidence in the project’s resource potential. Alongside exploration activity, Altona is continuing discussions with the U.S. Trade and Development Agency regarding potential funding support for a rare earths prefeasibility study.

Looking further ahead, Altona is also evaluating opportunities to acquire new mineral assets in 2026 as part of its broader growth strategy. Management believes these initiatives will enhance the company’s positioning within the critical raw materials sector, which is seeing increasing strategic importance globally.

More about Altona Energy

Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on critical raw materials across Africa. The group is pursuing a diversified portfolio strategy, targeting assets with both near-term monetisation potential and longer-term growth. Its Monte Muambe project in Mozambique hosts rare earths, fluorspar and gallium mineralisation, with plans to accelerate fluorspar production and assess gallium recovery. Altona also holds the Sesana Copper-Silver Project in Botswana, supporting its wider growth ambitions.

Power Metal Resources PLC (LSE:POW) has completed its maiden drilling campaign at the Block 8 concession in Oman, delivering results that point to copper-dominant Volcanogenic Massive Sulphide (VMS) mineralisation across the licence area.

The initial programme comprised eight drill holes for a total of 724.45 metres. Assays confirmed the presence of copper alongside associated lead and zinc mineralisation, supporting the geological model that Block 8 could host Cyprus-style copper deposits. Management said the results validate the exploration concept and justify further work on the project.

Completion of the drilling programme also satisfies the requirements for Power Metal to earn an initial 12.5% interest in the project. The company now plans to advance into the next exploration phase, which is expected to include additional trenching and follow-up drilling to better define the extent and grade of the mineralised zones.

Despite some operational headwinds and ongoing cash outflows, Power Metal continues to report strong revenue growth and maintains a solid balance sheet. The company believes the current market valuation does not fully reflect the potential of its asset base, although technical indicators suggest near-term caution.

More about Power Metal Resources Plc

Power Metal Resources PLC is a London-listed exploration company and project incubator with a diversified portfolio of projects worldwide. The group specialises in identifying and advancing mineral assets, with a particular focus on copper-dominant exploration opportunities.

Buccaneer Energy Plc (LSE:BUCE) has outlined plans to introduce a secondary recovery waterflood scheme in the Fouke area of the Pine Mills field in Texas, aimed at increasing oil recovery and improving field performance.

Under the proposal, the Turner #1 and Daniel #1 wells will be converted into injection wells to support the waterflood operation. Management believes the scheme could materially enhance recovery rates, with the potential to increase ultimately recoverable oil volumes by as much as three times compared with primary production alone.

The company expects to establish a formal waterflood unit and build the required surface facilities within approximately six months. During this period, Turner #1 is scheduled to return to production, providing additional near-term output while preparations for the secondary recovery phase are completed.

More about Nostra Terra Oil and Gas

Buccaneer Energy Plc is an international oil and gas exploration and production company with development and producing assets in Texas, United States. The group’s strategy is focused on maximising value from existing fields through the application of enhanced and innovative recovery techniques, particularly across the Pine Mills field.

CleanTech Lithium PLC (LSE:CTL) has completed the indigenous consultation process required for a Special Lithium Operating Contract (CEOL) at its Laguna Verde salar in Chile, representing an important regulatory and social milestone for the project.

The company said the consultations were concluded efficiently, which is expected to allow Chile’s Ministry of Mining to move forward with a more streamlined review of its CEOL application. Securing the contract would enable CleanTech Lithium to progress development activities at Laguna Verde, a project identified as a priority under Chile’s National Lithium Strategy.

Laguna Verde forms part of the government’s wider plan to expand lithium supply for electric vehicle batteries and energy storage systems. CleanTech Lithium’s existing agreements and working relationships with local indigenous communities are expected to support the next stages of the approval process and strengthen stakeholder alignment.

More about CleanTech Lithium PLC

CleanTech Lithium PLC is an exploration and development company focused on delivering sustainable lithium projects in Chile. The group employs Direct Lithium Extraction technology, designed to achieve higher recoveries and faster development timelines while avoiding aquifer depletion. Its project portfolio includes Laguna Verde, Viento Andino and Arenas Blancas, all located within the lithium triangle, a globally significant region for battery-grade lithium supply.

Chariot Limited (LSE:CHAR) has secured a substantial financing package alongside a strategic equity partner to support its investment in two South African wind power projects, Zen and Bergriver. The developments are being led by Acciona Energia, with construction activities expected to commence in the near term.

As part of the transaction, Chariot has formed a new subsidiary, Chariot Generation and Trading Pty Limited, which will hold a 24% equity interest in the wind projects. The structure also provides Chariot with a 34% economic interest in Etana, a South African electricity trading platform. The funding package comprises a mix of project finance debt, an equity contribution from the Mahlako Energy Fund, and mezzanine financing, with the structure designed to avoid dilution at the Chariot parent company level.

Once the wind farms are commissioned, which is targeted for mid-2027, Chariot is expected to benefit from recurring revenues generated through both electricity production and power trading. Management sees the transaction as a key step in scaling its renewable power platform and strengthening its presence in South Africa’s energy market.

While the group continues to face financial headwinds and near-term pressure reflected in technical indicators, recent corporate activity highlights a strategic pivot towards renewable energy. Partnerships and asset development in this area are viewed as potential drivers of longer-term value, despite the company’s current loss-making position.

More about Chariot Oil & Gas

Chariot is an Africa-focused energy group operating across two core areas: upstream oil and gas and renewable power. Its renewable energy strategy centres on generating and trading clean electricity in South Africa, alongside power-to-mining initiatives across Africa. The group is also progressing Project Nour, a green hydrogen development in Mauritania.

Amigo Holdings PLC (LSE:AMGO) has reported the completion of its 18-month financial period ended September 2025, during which the company implemented a court-approved Scheme of Arrangement that resulted in the orderly wind-down of its lending activities and the liquidation of its operating subsidiaries.

With its legacy business now closed, Amigo is repositioning itself as a cash shell and is actively pursuing a reverse takeover, with a particular focus on opportunities in the mining sector. To support this transition, the company has appointed Craig Ransley as a Board Consultant and has raised £1.5 million in risk capital to fund due diligence and corporate costs.

All subsidiaries are currently in solvent liquidation, and the group is operating with limited cash resources. As a result, management has prioritised strict cost control while assessing potential transactions that could deliver a new operating platform.

Despite these strategic steps, Amigo’s financial profile remains under pressure following falling revenues and substantial losses. Weak valuation metrics and negative technical signals continue to weigh on sentiment, highlighting the challenges facing the company as it seeks to secure a viable new direction.

More about Amigo Holdings PLC

Amigo Holdings PLC is a public limited company incorporated in England and Wales. Previously focused on consumer lending, the group has exited its core operations following a court-approved Scheme of Arrangement and is now seeking to re-enter the market through a reverse takeover, with an emphasis on the mining sector.