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  • Quadrise Advances Utah Project as Valkor Targets $950,000 Licence Payment by October

    Quadrise Advances Utah Project as Valkor Targets $950,000 Licence Payment by October

    Quadrise Plc (LSE:QED) has reported progress on its collaboration with Valkor Technologies at the Asphalt Ridge project in Utah, with drilling underway at two new pilot wells and the remaining US$950,000 site licence payment expected by the end of October 2026.

    The drilling programme follows a core study that validated an enhanced oil recovery approach for the project. Valkor plans to drill eight wells later this year, targeting production of approximately 1,000 barrels of oil per day in 2027.

    Installation work is also progressing on a 500-barrel-per-day oil sands pilot plant, which is scheduled to begin production in the first quarter of 2027.

    Following the achievement of project milestones during the third quarter, Valkor expects to pay the outstanding US$950,000 site licence fee by the end of October. Receipt of the payment will trigger shipment of Quadrise’s 600-barrel-per-day Multifuel Manufacturing Unit to the Utah site.

    The unit is intended to support the production of Quadrise’s proprietary emulsion fuels using oil produced at Asphalt Ridge.

    A sample of heavy sweet oil from the project has already been delivered to Quadrise’s research facility. The company plans to undertake formulation work during the fourth quarter of 2026 to assess its suitability for producing MSAR® and bioMSAR™ fuels.

    Quadrise and Valkor have also begun joint marketing activities for the fuels in Utah as part of their collaboration.

    The project combines Valkor’s planned oil sands production operations with Quadrise’s fuel manufacturing technology. Further progress will depend on the completion of the planned drilling and plant installation activities, alongside the outstanding licence payment and subsequent equipment shipment.

    Quadrise develops and supplies MSAR® and bioMSAR™ emulsion fuel technologies for applications including shipping, power generation, industrial operations and refining. The company aims to provide alternatives to conventional fuels with lower production costs and emissions.

  • Supermarket Income REIT Portfolio Reaches £2 Billion as Company Targets 2% Annual Dividend Growth

    Supermarket Income REIT Portfolio Reaches £2 Billion as Company Targets 2% Annual Dividend Growth

    Supermarket Income REIT (LSE:SUPR) reported an increase in its property portfolio value to £2.0 billion for the year ended 30 June 2026, up from £1.6 billion a year earlier, following £454 million of acquisitions across the UK and France.

    The grocery-focused property investor also introduced a minimum annual dividend growth target of 2% from the 2027 financial year, following a 1% increase in dividend per share for FY26.

    The company expanded its joint venture with Blue Owl Capital to £855 million during the year, while extending its investment activities into convenience stores and additional European markets.

    EPRA earnings declined slightly, reflecting the timing of refinancing activities and capital redeployment. The company’s EPRA cost ratio stood at 9.2%, which it described as the lowest in its sector.

    Supermarket Income REIT completed a £250 million inaugural unsecured bond issue and a £445 million refinancing during the period. The transactions extended debt maturities and supported access to investment-grade funding.

    The group’s loan-to-value ratio increased to 43.9% at the financial year-end.

    Following the reporting period, the company raised £100 million in equity in July 2026. Together with additional borrowing, the proceeds funded £222 million of property acquisitions at an average yield of 6.6%.

    Supermarket Income REIT is targeting further portfolio expansion to £4 billion and beyond. It reported a pipeline of potential acquisitions exceeding £500 million, although completion of these transactions remains subject to future investment decisions.

    The company cited developments in the grocery market as part of its investment strategy. UK grocery expenditure reached £256 billion in 2025, while online grocery penetration stood at 12.6%. The group focuses on properties that support both in-store shopping and online fulfilment.

    Its portfolio consists primarily of supermarkets and related grocery properties leased to major operators under long-term agreements, including leases with inflation-linked rental provisions.

    The company also reported progress in its environmental, social and governance activities, including Living Wage accreditation and a Prime rating from ISS STOXX.

    Management was internalised ahead of the 2026 financial year, a change the company said has improved operational efficiency and created capacity for further portfolio expansion.

    Supermarket Income REIT is a FTSE 250-listed property investment company with shares traded on the London Stock Exchange and the Johannesburg Stock Exchange. Its investment strategy focuses on grocery properties across the UK and Europe, with rental income supporting its dividend policy.

  • Oxford Nanopore Secures Preliminary Injunction Against MGI CycloneSEQ Systems in European Patent Dispute

    Oxford Nanopore Secures Preliminary Injunction Against MGI CycloneSEQ Systems in European Patent Dispute

    Oxford Nanopore Technologies (LSE:ONT) has obtained a preliminary injunction against MGI Tech GmbH from the Munich Local Division of the Unified Patent Court, restricting the manufacture and sale of MGI’s CycloneSEQ sequencing systems and associated flow cells across several European markets.

    The court found sufficient grounds at the preliminary stage to support Oxford Nanopore’s claims that the Cyclone Sequencing Systems infringe two of its European patents.

    The injunction covers Denmark, France, Germany, the Netherlands, Liechtenstein, Switzerland and the United Kingdom, with limited restrictions also applying in Ireland.

    The order is immediately enforceable and includes penalty payments for non-compliance. It restricts MGI Tech’s ability to manufacture or sell the affected sequencing platforms and related flow cells in the specified jurisdictions.

    The ruling is preliminary and does not represent a final determination of the underlying patent infringement claims.

    Oxford Nanopore intends to seek a permanent injunction through further legal proceedings, with a trial scheduled for October 2027.

    The company said the action forms part of its efforts to protect its intellectual property portfolio, which underpins its sequencing technology and commercial operations.

    Oxford Nanopore develops nanopore-based molecular sensing technology used for real-time DNA and RNA analysis. Its sequencing platforms are deployed in more than 125 countries across healthcare, scientific research, food and agriculture, and environmental applications.

    The company’s technology supports research into cancer, infectious diseases and other biological systems.

    The preliminary injunction will remain a significant element of the dispute as Oxford Nanopore pursues a permanent order, with the substantive patent claims scheduled for consideration at the October 2027 trial.

  • ATOME Targets September 30 for Financial Results as Paraguay and Brazil Projects Progress

    ATOME Targets September 30 for Financial Results as Paraguay and Brazil Projects Progress

    ATOME PLC (LSE:ATOM) is working to publish its delayed 2025 audited accounts and 2026 interim financial results by 30 September 2026, with the release expected to allow the suspension of its shares to be lifted and trading to resume.

    The company also provided updates on its renewable energy and green fertiliser development activities in Paraguay and Brazil.

    In Paraguay, ATOME is continuing preparatory work on a proposed 300MWp solar photovoltaic project near its Villeta development. The company has secured options over more than 4,000 hectares of land for the initiative.

    A separate announcement addressing outstanding power purchase agreement matters is expected.

    ATOME has also initiated pre-feasibility studies for a potential green fertiliser project in Brazil. The proposed development would draw on the design, partnerships and technical expertise established through its Villeta project, including its relationship with engineering, procurement and construction partner Casale S.A.

    The company is holding preliminary discussions with major Brazilian electricity providers regarding access to competitively priced renewable power, which would support the proposed fertiliser production operations.

    ATOME identified Brazil’s agricultural market and the country’s Profert legislation as factors supporting its assessment of the potential development opportunity. However, the company emphasised that the project remains at an early stage and there is no certainty it will proceed.

    The Brazilian initiative would complement ATOME’s existing development activities in Paraguay, where the group is pursuing renewable energy and green fertiliser production projects.

    ATOME is an AIM-listed company focused on developing renewable energy and related industrial projects, with an emphasis on using renewable electricity to support lower-carbon fertiliser production for Latin American agricultural markets.

  • Great Western Mining Reports 92.98% Tungsten Recovery in Defender Project Flotation Tests

    Great Western Mining Reports 92.98% Tungsten Recovery in Defender Project Flotation Tests

    Great Western Mining (LSE:GWMO) has reported initial metallurgical results from its Defender Tungsten Project in Nevada, with bench-scale flotation tests recovering 92.98% of tungsten into a rougher concentrate grading 7.21% tungsten trioxide (WO₃).

    The test programme, conducted by Eriez Flotation Division, used a 750 kg bulk sample of representative run-of-mine material with a head grade of 0.35% WO₃.

    Processing followed a sequential sulphide and scheelite flotation route. The initial sulphide flotation stage removed contaminants into a separate stream accounting for 3.97% of the total sample mass.

    The subsequent flotation process produced a tungsten rougher concentrate with a recovery rate of 92.98% and a grade of 7.21% WO₃, providing initial data for further processing optimisation.

    Great Western Mining said the concentrate contained low levels of potentially deleterious elements, including molybdenum. The company expects this composition to assist subsequent purification work and potentially support the production of concentrate meeting market specifications.

    Eriez will now undertake additional metallurgical testing aimed at increasing concentrate grade through cleaner flotation circuits. The programme will also assess whether a mild regrinding stage could improve mineral liberation while avoiding excessive grinding of scheelite.

    The results represent an initial stage of metallurgical evaluation, with further work required to determine the final concentrate specifications and assess the project’s potential commercial viability.

    Great Western Mining is an exploration and development company with projects targeting tungsten, copper, gold and silver in Mineral County, Nevada. Its portfolio includes the Defender Tungsten Project and the Huntoon Copper Project, which hosts a JORC-compliant resource.

    The company is also pursuing tailings reprocessing opportunities and evaluating potential farm-out and joint venture arrangements across its portfolio.

  • System1 Rejects Fourth Brave Bison Takeover Offer as Shareholders Representing 23% Oppose Bid

    System1 Rejects Fourth Brave Bison Takeover Offer as Shareholders Representing 23% Oppose Bid

    System1 Group PLC (LSE:SYS1) has unanimously rejected a fourth takeover proposal from Brave Bison Group (LSE:BBSN), stating that the revised cash-and-share offer materially undervalues the company and does not provide a premium for control.

    The System1 board said the latest proposal values the company below its prevailing market price when calculated using Brave Bison’s most recent share price. It also noted that the proposed transaction relies partly on System1’s existing cash reserves.

    System1 has received written commitments from shareholders representing approximately 23% of its issued share capital confirming that they will not accept the offer. These include Lord Ashcroft, BGF and Crucible.

    The board has also questioned the strategic rationale behind the proposed combination and raised concerns about Brave Bison’s governance. System1 characterised the approach as opportunistic and suggested that Brave Bison’s acquisition-led expansion strategy does not establish a sufficient strategic fit between the two businesses.

    System1 further stated that the extended takeover process has diverted management attention from day-to-day operations and generated additional costs for shareholders.

    The company continues to support its independent strategy, citing its cash position and existing operations as factors in its assessment of the proposal.

    System1 provides advertising effectiveness measurement and analytics services, helping brands assess and predict the performance of marketing campaigns.

    The latest rejection leaves Brave Bison’s fourth proposal without the support of System1’s board or the shareholders who have provided written commitments opposing the offer.

  • Winkworth H1 Revenue Falls 10% to £4.7 Million as Exceptional Costs Weigh on Full-Year Outlook

    Winkworth H1 Revenue Falls 10% to £4.7 Million as Exceptional Costs Weigh on Full-Year Outlook

    Winkworth (LSE:WINK) reported a 10% decline in company revenue to £4.7 million for the six months ended 30 June 2026, while operating profit before exceptional costs increased 9%. The estate agency franchisor also warned that exceptional legal and advisory expenses are expected to leave full-year reported profit before tax materially below market expectations.

    Network revenue declined 1% to £31.6 million, reflecting a 5% reduction in property sales revenue, partly offset by a 3% increase in lettings and management revenue. The results reflected a greater contribution from rental activities amid uneven conditions in the UK property market.

    The company attributed the decline in its own revenue primarily to the winding down of its Development and Commercial Investment division and the deconsolidation of its Crystal Palace office.

    Cash generation improved during the period, with Winkworth reporting a cash balance of £3.73 million and no debt at the end of June.

    Trading varied across the network, with central London and country markets contributing to performance. Management cited interest rate uncertainty and geopolitical tensions as factors affecting property market conditions.

    Winkworth also reported that franchisees had adapted to changes associated with the Renters’ Rights Act. The company said its London sales market share had increased in recent years.

    Network expansion continued during the first half, with four new offices added. Assisted acquisitions also supported the establishment of a new regional hub, while the company maintained investment in technology and artificial intelligence.

    Despite the increase in operating profit before exceptional costs, Winkworth expects legal and advisory expenses to reduce reported full-year profit before tax materially below market forecasts.

    The company operates a network of 104 offices across the UK, focusing on residential property sales, lettings and management. Its franchise model is supplemented by selectively owned offices and an assisted acquisition programme designed to support franchisee expansion.

  • Cora Gold Moves Closer to Construction as Sanankoro Development Advances

    Cora Gold Moves Closer to Construction as Sanankoro Development Advances

    For a gold developer, the journey from feasibility through to construction is where a project’s potential starts to become increasingly tangible. At this stage, investors begin to focus not only on the geological opportunity and project economics, but also on the practical milestones required to turn a development into a producing mine.

    For Cora Gold (LSE:CORA), that transition is now firmly underway at its Sanankoro Gold Project in Mali, with the company progressing key pre-construction activities while continuing exploration aimed at expanding its resource base.

    In a recent Watch List interview, Bert Monro, CEO of Cora Gold, provided an update on the company’s progress and outlined the key milestones investors should be watching as Sanankoro moves towards construction.

    Sanankoro Prepares for Mine Construction

    Cora Gold completed its Definitive Feasibility Study (DFS) for Sanankoro at the end of last year, marking a significant milestone in the project’s development.

    According to Monro, Sanankoro is an open-pit oxide gold project with a payback period of less than one year at the current gold price — an attractive feature as the company progresses towards development.

    The immediate priority is now the completion of the Front-End Engineering Design (FEED) process, which represents a critical part of the preparation required before construction can begin.

    “We’re currently completing our FEED process on the project,” Monro explained, describing it as a “really critical path” ahead of construction.

    The work is therefore focused on taking Sanankoro from a defined development plan towards a project that is increasingly construction-ready.

    Drilling Offers Further Resource Upside

    Alongside the engineering work, Cora Gold is continuing an active drilling programme at Sanankoro.

    The programme has a dual purpose: supporting the FEED process while also providing the company with an opportunity to grow its existing resources.

    Cora has recently released further drill results, with additional results expected to provide continued news flow over the coming weeks and months.

    For investors, this creates an interesting combination of development progress and exploration upside. While the company works through the technical requirements for construction, drilling continues to test the potential for additional resources.

    Monro highlighted the ongoing programme and the prospect of further results, indicating that there should be plenty of potential news flow from the drilling campaign in the months ahead.

    Permitting Is Now a Key Catalyst

    While FEED and drilling remain important areas of activity, Cora Gold is also making progress on what Monro described as the major pre-construction milestone: permitting.

    The company recently secured the renewal of its main exploration permit, representing an important step forward as it works through the remaining permitting requirements.

    Cora is now progressing through the final stages of permitting, including additional renewals and reshaping work, before ultimately seeking the award of its mining permit.

    For Cora, securing the mining permit would represent a major milestone in the development of Sanankoro and provide further clarity on the pathway towards construction.

    Monro was particularly encouraged by the recent progress, with the company now looking to advance the remaining stages as quickly as possible over the coming months.

    Multiple Catalysts Ahead

    The significance of Sanankoro’s current phase is that Cora Gold is moving beyond simply demonstrating the geological potential of the project. The company is now working through the engineering, permitting and exploration activities required to advance the project towards development.

    With the DFS completed, FEED underway, drilling continuing and permitting progressing, Cora has several potential catalysts ahead.

    The completion of FEED, further drill results, continued permitting progress and the award of the mining permit will be important milestones for investors to monitor.

    This combination of development and exploration activity could make the coming months an important period for Cora Gold as Sanankoro continues its transition towards construction.

    A Project Entering an Important Stage

    Cora Gold’s progress at Sanankoro comes at a time when the gold sector continues to benefit from a strong gold-price environment. For developers, this can potentially improve the economics and attractiveness of projects that are approaching the construction decision.

    Sanankoro’s open-pit oxide development model, combined with the sub-one-year payback highlighted by Monro at the current gold price, gives the project an interesting economic proposition as Cora continues to advance it.

    The focus now is firmly on execution: completing the FEED work, progressing the permitting process, continuing exploration and ultimately securing the mining permit.

    As Cora Gold moves through these milestones, Sanankoro is steadily transitioning from a feasibility-stage project towards a potential development opportunity.

    For investors watching Cora Gold, the next few months could therefore prove significant, with a combination of engineering progress, permitting milestones and exploration results providing a steady stream of potential catalysts.

    With Bert Monro and the Cora Gold team focused on advancing the project, Sanankoro is entering an important stage in its journey towards construction.

    For more information visit – https://www.coragold.com/

  • First Development Resources: Lander West Drilling Confirms Gold-Bearing System as Exploration Momentum Builds

    First Development Resources: Lander West Drilling Confirms Gold-Bearing System as Exploration Momentum Builds

    First Development Resources (LSE:FDR) has taken an important step forward at its Selta Project in Australia’s Northern Territory, with initial drilling at the Lander West gold target confirming primary gold mineralisation in bedrock and providing the company with a significantly clearer roadmap for the next phase of exploration.

    For an exploration company, drilling is ultimately about turning geological concepts into evidence. At Lander West, First Development Resources has now achieved an important part of that process.

    The company’s initial Reverse Circulation programme comprised eight holes totalling 1,593 metres and confirmed gold mineralisation in bedrock, with gold anomalism encountered in six of the eight holes.

    The headline result came from hole 26LWR08 at the Red Handed target, which returned 7 metres at 0.40 g/t gold from 50 metres, including 2 metres at 0.98 g/t gold, with a peak 1-metre assay of 1.11 g/t gold.

    For FDR, however, the significance of the programme extends beyond a single drill intercept.

    Building the geological picture

    One of the most encouraging aspects of the latest results is the amount of new geological information generated by the programme.

    FDR has combined the new drilling results with surface geochemistry, modern geophysics and its reconstruction of historical exploration data. That integrated approach has identified multiple priority areas across the wider Lander West target.

    These include Red Handed, Red Hackle, Auraria, L1 and Giles, giving the company a pipeline of targets to investigate rather than relying on a single area of interest.

    This is particularly relevant because the company’s review of historical exploration has highlighted significant gaps between previous drill fences and across prospective magnetic and structural features.

    In other words, Lander West has not yet been comprehensively tested by modern exploration techniques.

    That leaves FDR with considerable scope to systematically build on what it has learned from the first drilling campaign.

    Gold and copper add further interest

    Gold is not the only encouraging element emerging from the programme.

    Drillhole 26LWR02 intersected 8 metres at 0.32% copper from 47 metres, including 5 metres at 0.39% copper and a peak 1-metre assay of 0.58% copper. The company is now assessing the significance of this copper mineralisation within the broader mineralising system.

    Surface exploration has also added another layer to the geological picture.

    FDR’s 2026 reconnaissance and rock-chip sampling programme covered 243 samples/sites across Lander West, with gold values reaching 0.64 g/t Au alongside elevated pathfinder elements including arsenic, tungsten, antimony, bismuth and copper.

    Taken together, the drilling, surface sampling and geophysical information are helping the company develop a much stronger understanding of the system.

    Historical results now provide an additional exploration vector

    FDR has also been able to validate historical drilling at Red Handed.

    Historical RAB hole RHB108, drilled by Normandy NFM in 1997, returned 16 metres at 0.30 g/t gold from 12 metres, including 2 metres at 1.93 g/t gold. FDR’s latest drilling and historical data review provide further evidence that the Red Handed area hosts an underlying gold-bearing system.

    Importantly, the company is not claiming continuity between the historical and modern intersections. Instead, the results provide additional geological evidence supporting further systematic exploration.

    That distinction is important — and potentially encouraging — because the objective of the next phase is now to establish whether the system develops into zones with better grade, greater width and stronger continuity.

    October exploration programme provides the next catalyst

    FDR is already preparing for the next phase of work, with field crews expected to return to Lander West in October.

    The company plans to refine and rank the priority targets identified through the latest integrated review before progressing to further Aircore and Reverse Circulation drilling.

    The staged approach is also designed to remain capital disciplined, with targets required to justify further expenditure.

    For investors following the story, this creates a potentially interesting sequence of exploration catalysts: additional work at Red Handed, testing of the wider target areas, and further drilling aimed at determining whether the initial gold-bearing system can develop into something more substantial.

    From geological concept to a defined exploration story

    The latest results should therefore be viewed as an important step in FDR’s exploration journey rather than the conclusion of it.

    The company has now demonstrated primary gold mineralisation in bedrock at Lander West, identified gold anomalism across multiple drill holes, confirmed copper mineralisation in one hole, validated historical exploration results and established a pipeline of priority targets for follow-up work.

    As CEO Tristan Pottas highlighted, the initial programme has established that the company is dealing with a genuine gold-bearing system and, perhaps just as importantly, has provided a much stronger dataset to determine where the next drilling should be focused.

    The next question is therefore not simply whether there is gold at Lander West — that has now been demonstrated.

    The focus moves to whether continued exploration can identify higher-grade, wider and more continuous zones of mineralisation.

    With exploration set to resume in October and multiple targets now in the pipeline, First Development Resources enters its next phase with considerably more geological information — and potentially a much clearer path towards unlocking the wider potential of the Selta Project.

    For more information visit – https://firstdevelopmentresources.com/

  • Wall Street Futures Slip Ahead of Fed Decision as 10-Year Yield Reaches 5%: Dow Jones, S&P, Nasdaq

    Wall Street Futures Slip Ahead of Fed Decision as 10-Year Yield Reaches 5%: Dow Jones, S&P, Nasdaq

    US equity futures traded modestly lower on Tuesday as Treasury yields climbed and investors prepared for Wednesday’s Federal Reserve interest-rate decision.

    The benchmark 10-year Treasury yield moved above 5%, reaching its highest level since July 2007. The increase comes as markets assess the outlook for inflation and monetary policy.

    A Federal Reserve rate increase is widely expected. CME Group’s FedWatch Tool showed markets assigning a 92.5% probability to a 25-basis-point increase.

    AJ Bell head of markets Dan Coatsworth said, “Market commentators have long argued that Treasuries hitting 5% is the trigger for an equity market correction. At this level, investors might wonder what’s the point in holding risky equities when they can get 5% on low-risk government bonds.”

    Coatsworth added, “It is a psychological level and can sometimes act as a warning sign for a market correction rather than be a guaranteed tipping point for equities to slump.”

    Middle East Supply Concerns Support Oil Prices

    Crude prices remained another factor for markets on Tuesday, with reports of additional Houthi attacks on Saudi Arabia adding to uncertainty over Middle East energy supplies.

    October crude futures finished Monday 1.3% higher after initially rising almost 5%.

    The earlier increase followed Saudi Arabia’s closure of a pipeline used to bypass the Strait of Hormuz after a drone attack. A planned meeting in Oman involving Iran and Gulf states over reopening the strait was also postponed.

    US President Donald Trump said on Truth Social that Russia and Ukraine had agreed to stop targeting each other’s energy infrastructure.

    Trump separately repeated his claims that Iran wants to “make a deal, quickly and badly” and that “oil is flowing through the Hormuz Strait.”

    Semiconductors Lead Monday’s Technology Declines

    Monday’s US session ended lower despite the major averages recovering substantially from their intraday lows.

    The Nasdaq Composite closed 0.6% lower at 26,186.41, after falling as much as 1.3%. The S&P 500 declined 0.5% to 7,619.98 and the Dow Jones Industrial Average finished 0.3% lower at 52,421.20.

    Semiconductor shares recorded larger declines, sending the Philadelphia Semiconductor Index down 5.9% to its lowest close in more than a month.

    Computer hardware stocks also fell, with the NYSE Arca Computer Hardware Index losing 4.8%. The Philadelphia Oil Service Index dropped 4%, while networking, gold and banking shares also declined.

    Software stocks outperformed, with the Dow Jones U.S. Software Index advancing 3.3%.

    Anthropic CEO Calls for Slower AI Development

    Concerns surrounding artificial intelligence development also drew attention to technology stocks.

    Anthropic CEO Dario Amodei wrote, “We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of the time we gain.”

    “The measures I propose to advance the frontier at a safe pace will not be easy,” Amodei added. “But I believe we owe it to humanity to try.”

    With Treasury yields, oil prices and technology-sector developments contributing to market uncertainty, investors are awaiting the Federal Reserve’s Wednesday announcement for further guidance on the interest-rate outlook.