Author: Fiona Craig

  • Oracle Power submits vegetation clearing permit application for Northern Zone

    Oracle Power submits vegetation clearing permit application for Northern Zone

    Oracle Power PLC (LSE:ORCP) has submitted a Native Vegetation Clearing Permit application for its Northern Zone Gold Project in Western Australia.

    The application has been filed with Western Australia’s Department of Water and Environmental Regulation and relates to the company’s project located approximately 25 kilometres east of Kalgoorlie.

    The permit is a legal requirement for the clearing of native vegetation and forms part of the regulatory process required before future mining operations can proceed at the site.

    Mine development proposal targeted for September

    The Native Vegetation Clearing Permit process is progressing alongside preparation of the project’s Mine Development and Closure Proposal.

    Oracle Power said the proposal remains on schedule for submission to Western Australia’s mining regulator in early September.

    Both regulatory processes form part of the approvals required as the company advances development planning for Northern Zone.

    Mine planning continues with MEGA Resources

    Oracle Power is also continuing mine planning and scheduling work for the project alongside its funding partner, MEGA Resources.

    Management said the Northern Zone project is progressing towards production and potential cash generation, subject to the necessary approvals and development work.

    The company is finalising its mine planning and scheduling activities while the regulatory applications progress.

    Oracle Power focuses on Northern Zone development

    Oracle Power PLC is an international natural resources project developer whose portfolio includes the Northern Zone Intrusive Hosted Gold Project near Kalgoorlie in Western Australia.

    The company is working to advance Northern Zone towards production, with regulatory approvals, mine planning and scheduling forming part of the current development programme.

  • Rockhopper launches open offer to raise up to US$20 million

    Rockhopper launches open offer to raise up to US$20 million

    Rockhopper Exploration (LSE:RKH) has launched an open offer to existing shareholders that could raise up to approximately US$20 million if fully subscribed.

    The proposed capital raising is intended to provide funding for the company’s activities in the North Falkland Basin and its development plans for the Sea Lion field.

    Open offer documents issued to shareholders

    Rockhopper has published an open offer circular setting out the terms of the proposed issue.

    The company has also begun sending the relevant documents, including application forms, to qualifying shareholders who receive materials in hard-copy form.

    The final amount raised will depend on shareholder participation in the offer, with maximum proceeds of approximately US$20 million if it is fully subscribed.

    Funds targeted at Falklands activities

    Rockhopper intends to use the capital raised to support its Falkland Islands-focused operations, including its interests in the North Falkland Basin and plans for the Sea Lion development.

    The source material does not provide further details on the potential effect of the open offer on the Sea Lion development timetable.

    Rockhopper holds 35% interest in North Falkland Basin licences

    Rockhopper Exploration is a UK-based oil and gas exploration and production company focused on the Falkland Islands.

    The company holds a 35% interest in licences in the North Falkland Basin, including the Sea Lion field, which Rockhopper discovered in 2010 and where development has been sanctioned.

    Rockhopper’s shares are traded on AIM under the ticker RKH.

  • Frontier Developments to report FY26 results on 9 September

    Frontier Developments to report FY26 results on 9 September

    Frontier Developments plc (LSE:FDEV) will publish its audited financial results for the year ended 31 May 2026 on 9 September 2026.

    The video game developer and publisher said the results will be released at 7 a.m. BST.

    Investor and analyst presentation scheduled

    Frontier Developments’ management will hold a presentation for investors and analysts on the morning of the results announcement.

    The briefing will follow publication of the audited figures and provide participants with additional information relating to the company’s results.

    No financial performance figures or guidance were provided in the announcement.

    Frontier focuses on management simulation games

    Frontier Developments plc is an independent video game developer and publisher based in Cambridge, UK, with a focus on creative management simulation games.

    The company’s portfolio includes the Planet Coaster, Planet Zoo and Jurassic World Evolution franchises.

    Frontier develops its games using its proprietary COBRA technology and manages its titles across their respective product lifecycles.

  • Tooru agrees £1 sale of Market Rocket to management

    Tooru agrees £1 sale of Market Rocket to management

    Tooru plc (LSE:TOO) has agreed to sell its wholly owned subsidiary Market Rocket Limited to the subsidiary’s management team for £1 as the group focuses its resources on its health and wellness brands.

    Market Rocket is a specialist digital sales and marketing agency and is considered a non-core operation by Tooru’s board.

    The transaction will remove approximately £343,000 of external liabilities from the group and clear intercompany balances between Market Rocket and Tooru.

    Market Rocket reported £87,000 profit after tax

    Market Rocket recorded a profit after tax of £87,000 and had negative net assets of £233,000 as of 31 December 2025.

    Despite the subsidiary’s reported profit, Tooru has classified the business as non-core to its current strategy.

    The board said the disposal will allow the group to direct its resources towards its principal wellness brands.

    Disposal constitutes related-party transaction

    As Market Rocket is being acquired by members of its management team, the disposal constitutes a related-party transaction.

    Tooru’s independent directors, having consulted with the company’s adviser Beaumont Cornish, consider the terms of the transaction fair and reasonable for shareholders.

    The sale consideration is £1, while the transaction will also result in the removal of Market Rocket’s approximately £343,000 of external liabilities and the settlement of intercompany balances.

    Tooru focuses on health and wellness brands

    Tooru plc is an AIM-listed company operating in the branded health and wellness sector.

    The group’s strategy is focused on developing its consumer wellness brands and allocating resources to its core operations rather than ancillary service businesses.

  • Zoo Digital publishes 2026 annual report and schedules September AGM

    Zoo Digital publishes 2026 annual report and schedules September AGM

    Zoo Digital Group plc (LSE:ZOO) has published its annual report and accounts for the year ended 31 March 2026, together with the notice for its 2026 annual general meeting.

    The documents have been made available electronically through the company’s website, with hard copies also available to shareholders and through the company’s registered office.

    Annual general meeting scheduled for 29 September

    Zoo Digital will hold its annual general meeting in London on 29 September 2026.

    Shareholders will be able to attend the meeting in person, while the company will also provide a live-stream option for those wishing to follow proceedings remotely.

    Online participants will not be able to vote through the live stream and will not be counted towards the quorum for the meeting.

    Management to provide post-AGM business review

    Following the formal AGM proceedings, management plans to provide a review of Zoo Digital’s business and the operating environment.

    The session will provide shareholders and other participants with information about the group’s performance and the wider context in which it operates.

    Zoo Digital also intends to publish a recording of the event on its website for those unable to attend the meeting or watch the live stream.

    Zoo Digital provides localisation and media services

    Zoo Digital Group plc provides localisation and digital media services to the global entertainment industry, working with Hollywood studios and streaming platforms including Disney, NBCUniversal, Netflix and Paramount Global.

    Its services include dubbing, subtitling, captioning, metadata localisation, mastering, artwork services and media processing. The company uses proprietary technology alongside a network of more than 12,000 freelancers to provide services across multiple languages, territories and distribution channels.

    Founded in 2001, Zoo Digital operates international hubs in Los Angeles, London, Dubai, Turkey, South Korea, India, Spain, Italy and Germany, supported by a development and production centre in Sheffield, U.K.

  • System1 board rejects revised takeover proposals from Brave Bison

    System1 board rejects revised takeover proposals from Brave Bison

    System1 Group PLC (LSE:SYS1) said its board has unanimously rejected revised takeover proposals from Brave Bison Group (LSE:BBSN), comprising cash-and-share and all-share alternatives.

    The System1 board said both proposals undervalue the company when compared with its prevailing market price and has advised shareholders to take no action at this stage.

    Revised proposals imply discounts to recent share prices

    According to System1, the revised terms imply discounts ranging from approximately 7% to 15% compared with the company’s recent closing share prices.

    The board also said it had not seen evidence of shareholder support for either of the revised proposals.

    System1’s assessment of the proposed valuations represents the board’s position on the offers rather than an independent determination of the company’s value.

    System1 preparing formal response and trading update

    The company said it is preparing a formal response to Brave Bison’s revised proposals and intends to provide shareholders with a trading update.

    Until further information is released, the System1 board has advised shareholders not to take any action in relation to the proposals.

    The source material does not provide further details on the timing of the formal response or trading update.

    System1 operates in marketing analytics

    System1 Group PLC is a London-listed marketing and brand analytics company that provides research and data services to advertisers.

    Its services are designed to help brand owners and agencies assess the potential commercial impact of advertising and support marketing decisions across digital and traditional channels.

  • GENinCode reports CARDIO inCode-Score data from Catalan primary care pilot

    GENinCode reports CARDIO inCode-Score data from Catalan primary care pilot

    GENinCode (LSE:GENI) reported preliminary real-world data from a primary care pilot in Catalonia evaluating its CARDIO inCode-Score polygenic risk test for coronary artery disease.

    The study involved 584 adults classified as being at moderate cardiovascular risk. According to the preliminary findings, incorporating genetic information changed the overall risk classification in 42.6% of participants.

    GENinCode said the data also showed reductions in estimated cardiovascular risk, LDL cholesterol levels and smoking rates over a follow-up period of approximately eight months.

    Study evaluates genetic risk alongside conventional assessments

    CARDIO inCode-Score is designed to assess an individual’s genetic susceptibility to coronary artery disease and integrate that information with conventional cardiovascular risk assessments.

    The pilot examined whether adding polygenic risk information could provide further differentiation among patients initially classified as having moderate risk.

    According to the company, the results indicate that genetic risk information could be used to identify patients who may require more intensive preventive treatment while also identifying lower-risk individuals for whom treatment could potentially be reduced.

    Findings presented at European Society of Cardiology congress

    The preliminary findings were presented at the European Society of Cardiology congress.

    GENinCode said the results are also aligned with recent changes to U.S. guidelines concerning cardiovascular risk assessment.

    The company believes the use of a genetic test performed once during a patient’s lifetime could contribute to preventive cardiology by providing additional information for treatment decisions.

    GENinCode also said broader adoption of polygenic risk scoring could have implications for cost-effectiveness and the allocation of healthcare resources, although the source material does not provide data quantifying these potential effects.

    GENinCode focuses on predictive genetic testing

    GENinCode Plc is a predictive genetics company developing tests focused on cardiovascular disease prevention and ovarian cancer risk assessment.

    Its products include CARDIO inCode-Score, a polygenic risk score designed to assess genetic susceptibility to coronary artery disease.

    The company is seeking to integrate genetic information with established cardiovascular risk assessments for use in clinical practice and primary prevention.

  • GenIP reports $53,000 first-half revenue as it expands international coverage

    GenIP reports $53,000 first-half revenue as it expands international coverage

    GenIP (LSE:GNIP) reported unaudited interim results for the first half of 2026, recording revenue of $53,000 and an adjusted EBITDA loss of $692,000 as the company continued investing in its platform and commercial activities.

    The AIM-listed company reported a gross margin of 6% and held $410,000 in cash at the end of the period.

    Management said the first-half performance reflected GenIP’s early stage of development and ongoing investment in its products and commercial operations.

    GenIP expands client and geographic coverage

    During the period, GenIP reported increased adoption of its services and additional repeat business from existing clients.

    The company also expanded its activities in Asia and Latin America and entered into a strategic alliance with Cardinal Intellectual Property aimed at increasing its access to the U.S. market.

    GenIP provides AI-based services designed to help companies, venture funds and research organisations evaluate and commercialise technologies. Its offerings include an AI-powered Invention Intelligence product suite and intellectual property commercialisation services.

    April fundraise brings in $470,000

    GenIP raised $470,000 in April, with the proceeds intended to support platform development, the commercialisation of partnerships and further product enhancements.

    Since the end of the reporting period, the company has secured additional orders in Chile, the U.K. and North America.

    GenIP has also obtained a new Talent Search engagement as part of its ongoing repositioning.

    Management points to underlying operating indicators

    Management said underlying indicators were improving despite the absence of a one-off contract that contributed to the comparative period.

    The company is targeting customers including academic institutions, government innovation organisations and corporate research and development teams.

    GenIP said its strategy is focused on providing structured, data-driven innovation intelligence tools as governments and companies increase investment in innovation programmes.

    The company continues to develop its products and partnerships while expanding its commercial activities across international markets.

  • Caledonia Mining reports maiden Motapa resource of 510,000 ounces of gold

    Caledonia Mining reports maiden Motapa resource of 510,000 ounces of gold

    Caledonia Mining (LSE:CMCL) has published a maiden mineral resource estimate for its wholly owned Motapa property in Zimbabwe, reporting measured and indicated resources containing 379,000 ounces of gold and inferred resources containing a further 131,000 ounces.

    The measured and indicated resource comprises 7.8 million tonnes grading 1.51 grams per tonne of gold, while the inferred category includes 2.7 million tonnes at 1.48 g/t.

    The estimate is primarily based on drilling completed at Motapa North following three years of exploration activity at the property.

    Exploration spending reaches $7.084 million

    Caledonia has spent an aggregate $7.084 million on exploration at Motapa since acquiring the property for $8.25 million in 2022.

    Management calculated the combined exploration discovery and acquisition cost at approximately $40.45 for each measured and indicated ounce identified at the property.

    The maiden estimate provides Caledonia with an initial defined mineral resource at Motapa as the company continues exploration and technical work on the asset.

    Motapa adds to Zimbabwe project portfolio

    Motapa is located adjacent to Caledonia’s Bilboes Gold Project, where the company is targeting first gold production in late 2028.

    According to management, the proximity of the two properties could provide the potential to consider a larger integrated operation or extend the overall production profile of the assets.

    Further exploration and technical studies are planned at Motapa alongside the development of Bilboes.

    Caledonia continues work on Bilboes and Motapa

    Caledonia Mining Corporation Plc is a gold mining and exploration company with operations focused on Zimbabwe.

    The group is developing the Bilboes Gold Project and owns the neighbouring Motapa property. Its plans include assessing the potential for the two assets to form part of a broader regional gold operation using shared infrastructure.

    Development work at Bilboes and additional exploration at Motapa are expected to continue as Caledonia evaluates the two properties.

  • FIH Group generates £22.5 million from disposals as Falkland Islands business returns to profit

    FIH Group generates £22.5 million from disposals as Falkland Islands business returns to profit

    FIH Group plc (LSE:FIH) generated £22.5 million in cash from portfolio transactions during the year ended 31 March 2026, including the sale and leaseback of Momart’s Leyton warehouses and the disposal of Portsmouth Harbour Ferry Company.

    The group returned £13.8 million to investors through special dividends during the period and maintained its regular dividend. FIH also plans to sell its Momart art logistics business for £7.6 million.

    Following these transactions, the group reported a cash position of £17.8 million and is set to focus primarily on its operations in the Falkland Islands.

    Falkland Islands Company returns to profit

    Underlying losses from continuing operations narrowed to £0.3 million during the year, with the Falkland Islands Company returning to profit.

    The improvement at the Falkland Islands business was supported by its housing and construction operations, offsetting weaker trading at Momart.

    FIH Group’s Falkland Islands Company operates across areas including housing, construction and retail. Momart provides art logistics services in the UK.

    Group reports £2.9 million pre-tax loss

    FIH Group recorded a reported pre-tax loss of £2.9 million for the year, while cash generation from operations remained subdued.

    At the same time, the group’s asset disposals generated one-off gains and provided funds that were partly returned to shareholders through the special dividends.

    The portfolio changes included the sale and leaseback of Momart’s warehouse facilities in Leyton and the disposal of Portsmouth Harbour Ferry Company.

    Momart sale planned for £7.6 million

    FIH Group intends to dispose of Momart for £7.6 million, further reducing the number of businesses within the group.

    The board said it considers the proposed exit to represent a fair valuation for Momart given the trading environment. Management also continues to review strategic options for the group while seeking to improve operational efficiency across its remaining activities.

    Following the planned Momart disposal, FIH Group’s operations will be increasingly centred on the Falkland Islands Company and its activities in the Falkland Islands.