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  • Bezant Resources Begins Commercial Production at Hope & Gorob Copper-Gold Project

    Bezant Resources Begins Commercial Production at Hope & Gorob Copper-Gold Project

    Bezant Resources (LSE:BZT) has started commercial production at its Hope & Gorob copper-gold project, with run-of-mine ore now being processed through the Tsoaxaub Metals flotation plant.

    The company said commissioning of the processing facility is under way, with production of copper-gold concentrate expected to increase progressively through the remainder of the year.

    According to Bezant, construction of the mine and processing plant was completed ahead of its planned schedule and within budget.

    The company also reported that the plant is operating as required during commissioning and that initial grades from material delivered to the facility have met or exceeded its forecasts.

    Bezant is planning a Phase II expansion of the operation that is intended to increase processing throughput by up to 40%. The proposed expansion remains subject to the company’s development plans.

    The company is also preparing a drilling programme intended to define approximately 500,000 tonnes of contained copper. Bezant said this work could support consideration of a potential Phase III processing plant.

    The drilling target and potential Phase III development are prospective and do not represent established mineral resources or confirmed future production.

    About Bezant Resources

    Bezant Resources is an AIM-listed mining company focused on the development of copper and gold projects.

    Its current operations include the Hope & Gorob copper-gold project and the associated Tsoaxaub Metals flotation plant, which processes mined material to produce copper-gold concentrate.

  • Capricorn Energy Board Reaffirms Support for Increased Genel Takeover Offer

    Capricorn Energy Board Reaffirms Support for Increased Genel Takeover Offer

    Capricorn Energy’s (LSE:CNE) board has reaffirmed its recommendation of an increased cash takeover offer from a Bidco vehicle controlled by Genel Energy (LSE:GENL), as the companies continue to work towards satisfying the remaining regulatory condition.

    The increased offer followed a competing proposal from DNO, which has subsequently been declared final and not subject to further improvement.

    Capricorn shareholders previously approved the original Genel transaction at Court and General Meetings held in August 2026. The companies said no additional shareholder meetings are required in connection with the increased offer.

    All regulatory conditions for the proposed acquisition except one have now been satisfied.

    The remaining requirement is the Egyptian Condition, with Capricorn and Genel reporting progress in their discussions with the Egyptian Government. Completion of the transaction remains dependent on satisfaction of that condition.

    Subject to the remaining requirement being met, the companies expect the takeover to become effective during the fourth quarter of 2026. The timetable represents their current expectation and remains subject to completion of the outstanding approval process.

    About Capricorn Energy

    Capricorn Energy is a London-listed oil and gas exploration and production company with operations that include assets in Egypt.

    Its activities are focused on the exploration, development and production of hydrocarbon resources.

  • Costain Appointed to £4.29 Billion Pagabo Infrastructure Framework

    Costain Appointed to £4.29 Billion Pagabo Infrastructure Framework

    Costain Group PLC (LSE:COST) has been appointed to Pagabo’s National Framework for Civil Engineering, Infrastructure and Enabling Works 2026, which has an estimated total value of £4.29 billion.

    The framework is scheduled to run until 2030 and is intended to provide a procurement route for public-sector infrastructure projects.

    Costain has been selected as one of three suppliers for Lot 1, where it will act as a Collaborative Partner covering England and Wales.

    Under the framework, Costain will be able to provide services across the project lifecycle, ranging from early-stage development and consultancy through to engineering and project delivery.

    Projects available through the framework may cover sectors including rail, roads, aviation, water, energy, defence and civil nuclear.

    The £4.29 billion figure represents the estimated overall value of the Pagabo framework and does not represent revenue or contracted work awarded specifically to Costain.

    The appointment provides public-sector organisations using the framework with a route to procure Costain’s engineering, consultancy and infrastructure delivery services through 2030.

    About Costain

    Costain Group is a UK-based infrastructure company providing consultancy, engineering and project delivery services.

    The company operates across sectors including transport, water, energy and defence, with activities covering rail, roads, aviation and civil nuclear infrastructure.

    Costain works on public-sector and national infrastructure programmes across the UK.

  • Gore Street Energy Storage Fund Refinances Big Rock Battery Project With $52.4 Million Facility

    Gore Street Energy Storage Fund Refinances Big Rock Battery Project With $52.4 Million Facility

    Gore Street Energy Storage Fund (LSE:GSF) has refinanced its 200 MW / 400 MWh Big Rock battery energy storage project in California through a new approximately $52.4 million debt facility with First Citizens Bank.

    The new financing comprises a five-year term loan and letter of credit facility and replaces the project’s previous $60 million facility.

    Gore Street said the refinancing has been secured at a lower cost of debt than the previous arrangement.

    The term loan is partially amortising, with a balloon payment due at maturity. According to the company, the financing has been structured based on Big Rock’s cash flows following nearly a year of operations.

    The company said the transaction is consistent with its policy of maintaining borrowings below 30% of gross asset value and forms part of its wider efforts to reduce costs across its portfolio.

    Management said the refinancing reflects Big Rock’s move into a more established operational phase and represents progress in reducing portfolio financing costs.

    The Big Rock facility has a capacity of 200 MW and energy storage capacity of 400 MWh.

    About Gore Street Energy Storage Fund

    Gore Street Energy Storage Fund is a specialist investment company focused on grid-scale energy storage assets.

    The company invests in and operates battery storage facilities designed to provide flexibility and other services to electricity networks.

    Its portfolio includes the Big Rock project in California, which is held through subsidiary Big Rock ESS Assets LLC.

  • Ferro-Alloy Resources Raises £4.68 Million to Repay 2026 Bond Debt and Fund Working Capital

    Ferro-Alloy Resources Raises £4.68 Million to Repay 2026 Bond Debt and Fund Working Capital

    Ferro-Alloy Resources (LSE:FAR) has raised £4.68 million through a placing of 137.6 million new shares, with the proceeds primarily intended to repay debt due under its Kazakh bond programme.

    Strategic investor Vision Blue Resources participated in the fundraising and will increase its holding in Ferro-Alloy to 26.24%.

    The transaction resulted in a related-party review, with the company’s independent directors determining that the terms were fair.

    Ferro-Alloy said the majority of the proceeds will be used to repay Tranche 2 of its Kazakh bond programme. Following the repayment, the company will have no further bond maturities during 2026.

    A final US$5 million tranche is due to mature in November 2027. Ferro-Alloy intends to refinance that obligation through project-related debt, although the refinancing remains prospective.

    The balance of the placing proceeds will be used for working capital and to progress the company’s rare earth elements strategy.

    Ferro-Alloy said it is holding discussions with major government financing institutions amid interest from the US in its rare earth elements activities. No financing resulting from those discussions was specified in the supplied information.

    Following admission of the new shares to trading on the London Stock Exchange’s Main Market, Ferro-Alloy’s issued share capital will increase to approximately 893.0 million shares.

    About Ferro-Alloy Resources

    Ferro-Alloy Resources is a vanadium producer and developer of the Balasausqandiq deposit in southern Kazakhstan.

    Vanadium is the principal planned product from Balasausqandiq, alongside CBS carbon material and other by-products. The company is also evaluating opportunities associated with rare earth elements.

    Ferro-Alloy operates an existing concentrate processing plant and research and development centre as it progresses development of the Balasausqandiq project.

  • Wizz Air September Passenger Numbers Rise 24.2% as Airline Updates Revenue and Capacity Guidance

    Wizz Air September Passenger Numbers Rise 24.2% as Airline Updates Revenue and Capacity Guidance

    Wizz Air (LSE:WIZZ) carried 7.78 million passengers in September 2026, an increase of 24.2% from the same month a year earlier.

    The airline’s capacity increased 25.3% year-on-year to 8.46 million seats, while its load factor was 92.0%, slightly lower than in the prior-year period.

    Wizz Air said the load factor partly reflected the pricing environment during the period, with revenue performance improving compared with earlier periods.

    The airline also updated its near-term guidance following better-than-expected summer pricing. Wizz Air now expects revenue per available seat for its second quarter to be broadly flat year-on-year.

    At the same time, the company has reduced its planned capacity for the second half of the financial year by 5%, citing geopolitical developments and volatility in fuel prices.

    At its recent Capital Markets Day, Wizz Air also outlined medium-term objectives covering its fleet, revenue and profitability. These include transitioning towards an all-neo aircraft fleet, increasing revenue and targeting a double-digit EBIT margin.

    The targets represent management’s medium-term objectives and are not forecasts of achieved financial performance.

    About Wizz Air

    Wizz Air Holdings is a London-listed low-cost airline focused primarily on Central and Eastern European markets.

    The company operates a fleet of 276 Airbus A320 and A321 aircraft and is transitioning its fleet towards newer-generation neo aircraft.

    Wizz Air’s operating model is based on low fares, high-density aircraft configurations and managing operating costs while expanding passenger volumes.

  • Nativo Resources Secures Three-Month Repayment Holiday on £2.1 Million Loan

    Nativo Resources Secures Three-Month Repayment Holiday on £2.1 Million Loan

    Nativo Resources Plc (LSE:NTVO) has agreed a three-month repayment holiday on its £2.1 million unsecured loan facility with institutional lender YA II PN Ltd.

    The repayment pause covers scheduled principal payments for September, October and November 2026. Nativo said £1.68 million of principal remains outstanding under the facility.

    Following the three-month period, normal monthly repayments and interest payments are due to resume and continue until the loan has been repaid in full.

    Nativo said the arrangement will allow it to direct cash towards the construction and commissioning of the Phase 1 La Patona Gold Ore Processing Plant in Peru.

    The repayment holiday is also intended to support the company’s project financing and equity subscription agreement with Chancery Royalty Limited.

    Nativo is targeting commissioning of the La Patona plant and the generation of first revenue during the second quarter of 2027. The timetable represents the company’s current target and remains prospective.

    The company plans to use La Patona to process gold ore from its own operations as well as material supplied by third parties.

    About Nativo Resources

    Nativo Resources is a London-listed precious metals company focused on gold mining and processing activities in Peru.

    The company is pursuing a business model covering primary gold mining, gold ore processing and the recovery of gold from tailings.

    Its current development plans include the La Patona Gold Ore Processing Plant, alongside other acquired and optioned projects in Peru.

  • eEnergy Group Launches Fundraising of Up to £8.3 Million to Support Working Capital

    eEnergy Group Launches Fundraising of Up to £8.3 Million to Support Working Capital

    eEnergy Group plc (LSE:EAAS) has launched a conditional placing and subscription to raise £6.3 million, alongside a retail offer of up to £2 million.

    The shares under the fundraising are being offered at 0.3 pence each, potentially raising gross proceeds of up to £8.3 million if the retail offer is fully subscribed.

    The company said the proceeds will be used to address short-term working capital requirements, bring payments to overdue creditors up to date and provide funding for growth.

    eEnergy is also working to resolve project documentation matters associated with its Department for Education programme. The company said completion of this process is required for it to collect £2.8 million of outstanding cash relating to the programme.

    For the 2026 financial year, eEnergy said it expects to meet market forecasts of approximately £32 million in revenue and £1.7 million in adjusted EBITDA.

    The company reported record first-half revenue of £21.8 million and has completed a restructuring programme that it expects to generate annual cost savings of £2 million.

    Looking ahead to FY27, the board expects revenue of more than £25 million and adjusted EBITDA of approximately £2.5 million. These figures represent company guidance rather than established results.

    eEnergy said its outlook is supported by a sales pipeline of £65 million and its reduced cost base. The company also identified potential additional business from further Department for Education retrofit and renewal projects, although this work has not been secured.

    About eEnergy Group

    eEnergy Group is an AIM-listed net zero energy services provider offering solar photovoltaic systems, battery storage, electric vehicle chargers and LED lighting solutions.

    The company serves customers across the education, healthcare, commercial, industrial and wider public sectors.

    Its project portfolio includes work under the Department for Education programme managed by Mace, which the company describes as its largest contract to date.

  • Tooru’s OAF Brand Secures Listing With Additional UK Retailer

    Tooru’s OAF Brand Secures Listing With Additional UK Retailer

    Tooru plc (LSE:TOO) said its OAF gluten-free brand has secured a listing with another major UK retailer, expanding its distribution beyond its existing presence in Tesco and Asda.

    The company plans to launch two OAF products in approximately 400 additional UK stores from January 2027.

    Tooru did not identify the new retail partner in the supplied announcement.

    The company said OAF has continued to expand its product range within its existing supermarket partners. The new listing will increase the number of stores carrying the brand and extend its UK retail distribution.

    The board described the agreement as an important milestone in the development of OAF and said further updates covering the brand and the wider group will be provided in due course.

    About Tooru

    Tooru is an AIM-listed company operating in the branded health and wellness sector, with a focus on gluten-free consumer products.

    Its OAF brand is currently distributed through major UK supermarket chains Tesco and Asda, where the company has been expanding its product range and retail presence.

  • First Class Metals Signs LOI for AI Exploration Project at Sunbeam

    First Class Metals Signs LOI for AI Exploration Project at Sunbeam

    First Class Metals (LSE:FCM) has signed a non-binding letter of intent to participate as an industry adopter in an artificial intelligence-enabled exploration initiative at its Sunbeam project in northwest Ontario, Canada.

    The initiative, known as Project Field-to-Insight, is led by Rosor Exploration under CENGN’s Living Lab programme and will use data collected from an ongoing drone-based magnetic, radiometric and LiDAR survey over Sunbeam Block A.

    The project is intended to compare AI-based data processing with conventional exploration methods. According to First Class Metals, the work will assess whether the technology can reduce the time between survey data collection and exploration decisions from weeks to days.

    The planned programme will run for 12 months. First Class Metals will contribute to establishing performance criteria and evaluating areas including data quality, confidence in interpretations and the identification of anomalies.

    The company also plans to integrate datasets produced by Rosor with results from its own VLF electromagnetic surveys and geochemical sampling at Sunbeam. The combined information will be used to develop the project’s exploration model and assist with target identification and ranking.

    As the letter of intent is non-binding, the proposed collaboration remains subject to the terms and progression of the planned project.

    About First Class Metals

    First Class Metals is a London-listed mineral exploration company focused on gold, base metals and critical metals projects in northwest Ontario.

    The company owns seven claim blocks covering more than 260km² and has approximately 60km² of additional optioned ground. Its portfolio includes the Sunbeam and North Hemlo gold properties.

    First Class Metals also participates in joint ventures, including the West Pickle Lake nickel-copper project and the Zigzag project.

    Its exploration activities include geological, geophysical and geochemical programmes used to develop exploration models and identify potential targets across its portfolio.