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Powerhouse Energy Group plc (LSE:PHE) reported revenue of £437,100 for the six months ended 30 June 2026, including its first third-party revenues, as the company progressed its waste-to-energy technology projects and expanded its international commercial activities.

According to its unaudited interim results, the company recorded gross profit of £199,900, with third-party revenues contributing £379,100. Cash stood at £1.42 million at the period-end.

Powerhouse raised £1.3 million through two fundraisings during the period to support ongoing operating costs and project activities, including work associated with National Waste 2 Energy (NW2E) and its Ballymena development.

The company secured a five-year framework agreement with National Waste 2 Energy, a newly established vehicle of National Hydrogen, covering potential projects in Australia, Italy, Switzerland and Hong Kong.

At Ballymena, Powerhouse continued developing its proposed waste-to-energy facility under a design-build-operate/sell model. The company submitted a planning application and progressed discussions concerning feedstock supply, hydrogen offtake arrangements and project financing.

Powerhouse said the project-finance approach at Ballymena represents an exception to its broader strategy of licensing its technology to third parties.

The group’s engineering consultancy division, Engsolve, reported first-half orders in line with expectations and secured additional contracts in the water and lithium processing sectors.

Meanwhile, the Feedstock Testing Unit at the Powerhouse Technology Centre began generating third-party testing revenue and commercial enquiries. The company said operational data from the unit is being used to refine its Distributed Modular Generation (DMG) technology and inform the design of future commercial installations.

Technical development during the period included optimisation of the syngas burner and feed systems. Powerhouse expects these modifications, together with operational experience from the testing unit, to improve the performance and efficiency of future commercial units.

The company also reported that it now holds 12 granted patents across key geographical markets, supporting its strategy of licensing its waste-to-energy technology internationally.

Powerhouse continues to pursue grant funding opportunities, including work under a HORIZON collaboration with Brunel University.

In management developments, chief executive Paul Emmitt stepped down at the company’s annual general meeting but will remain involved as a consultant. Interim executive chairman David Hitchcock has assumed leadership responsibilities.

Looking ahead, Powerhouse is progressing its project pipeline, with several developments approaching potential final investment decisions during the second half of 2026. The company is also pursuing international commercial enquiries and further licensing opportunities.

Powerhouse develops technology designed to convert non-recyclable waste, including plastics and end-of-life tyres, into synthesis gas that can be used to produce hydrogen, electricity and chemical feedstocks.

Its commercial strategy centres on licensing its DMG technology and generating revenue through licensing fees, royalties and engineering services, alongside selected project development activities.

B90 Holdings (LSE:B90) reported a 38% increase in revenue to €3.33 million for the six months ended 30 June 2026, alongside positive adjusted EBITDA and higher operating cash flow, according to its unaudited interim results.

Adjusted EBITDA reached €0.31 million, while operating cash flow increased to €0.50 million. Cash and cash equivalents stood at €1.47 million at the period-end, and the company reported a net loss of €0.02 million.

During the period, B90 continued expanding its international performance marketing operations and developing its network of commercial partners. The company also increased its use of artificial intelligence, machine learning and automation across campaign optimisation and customer acquisition activities.

Management is directing further investment towards technology, AI capabilities, personnel and digital assets, with the aim of improving operational efficiency and supporting the expansion of its marketing platform.

B90 is also testing its technology and marketing capabilities in additional markets and business verticals as it evaluates opportunities beyond its existing operations.

The company expects its full-year results to be broadly in line with current management expectations.

B90 said its cash position provides additional flexibility to fund planned investments, including the development of its core performance marketing business and the expansion of its digital marketing channels.

The group is also assessing how developments in generative AI and changes in online search behaviour could affect customer acquisition and digital marketing strategies.

B90 operates as a performance marketing and marketing technology company focused on the global iGaming industry. Its activities include paid customer acquisition, owned digital assets, data analytics and business-to-business partnerships.

The company generates customer leads and first-time depositing customers for gaming operators without directly assuming player or betting risk. Its digital portfolio includes Oddsen.nu and Bet90.com.

B90 intends to continue investing in its technology platform while evaluating opportunities to extend its marketing capabilities into additional markets and sectors.

Contango Holdings plc (LSE:CGO) has repaid all outstanding investor loans following receipt of a £5 million subscription in late August 2026, with the company stating that it now has sufficient working capital to fund its operational requirements through to mid-2027.

The repayment eliminates the company’s outstanding investor loan obligations and follows the receipt of funds from the subscription, which has also provided additional resources for ongoing corporate activities.

Contango said its current funding position is expected to cover operational requirements until the middle of next year, allowing it to continue implementing its corporate strategy without an immediate requirement for additional working capital.

The company also expects to receive a further royalty payment of $2 million by the end of 2026.

Following receipt of this payment, Contango anticipates being in a position to declare its maiden dividend, which would represent its first distribution to shareholders. The proposed dividend remains dependent on the anticipated royalty payment, and no dividend amount or payment date has been announced.

Separately, Contango plans to publish its audited financial statements for the 12 months ended 31 May 2026 by the end of September.

The forthcoming accounts will provide updated financial information covering the company’s most recent financial year.

Contango is a UK-listed company focused on resource-based assets, with its activities supported by investor subscriptions and royalty income. The repayment of its investor loans, expected royalty receipt and planned publication of audited accounts represent the company’s latest financial and corporate developments.

Guardian Metal Resources (LSE:GMET) has reported further drilling results from its Tempiute tungsten project in Nevada, including an intersection of 92.0 metres grading 0.34% tungsten trioxide (WO3), as the company prepares to accelerate underground rehabilitation work.

Phase I regional drilling identified multiple tungsten-bearing zones beyond the footprint of the historical mine. According to the company, the results indicate a more extensive tungsten-skarn system associated with key intrusive bodies and have identified several targets for further exploration.

The regional programme also returned a high proportion of mineralised intersections, providing additional information on the distribution of tungsten mineralisation across the project area.

Phase II resource drilling has focused on the historic South Thumb and Schofield zones, where results included broad tungsten intersections, notably 92.0 metres at 0.34% WO3.

Following these results, Guardian Metal has accelerated plans to rehabilitate the existing underground workings at Tempiute to provide access for underground drilling.

The company has engaged a contractor to begin rehabilitation activities in October 2026. The planned work is intended to enable further drilling of the mineralised zones and support the definition of an initial Mineral Resource.

Guardian Metal is also evaluating permitting requirements for a near-surface lode as part of its assessment of potential development options at the project.

The company aims to establish an initial Mineral Resource and determine a development pathway for Tempiute, with the longer-term objective of returning the historical tungsten operation to production and contributing to the US tungsten supply chain.

Guardian Metal Resources is focused on the exploration and development of tungsten assets in Nevada. Its work at Tempiute combines drilling around historically producing areas with regional exploration targeting additional tungsten-skarn mineralisation.

Reabold Resources (LSE:RBD) has declared its all-share takeover offer for Union Jack Oil plc final, maintaining that the proposed combination would create a larger, more diversified energy group with access to additional funding opportunities.

The company said its board disagrees with Union Jack’s assessment of the proposal, arguing that the target’s new board has placed excessive emphasis on short-term share price movements and funding assumptions rather than the longer-term implications of combining the businesses.

Reabold maintains that the transaction would provide benefits to shareholders of both companies through a larger asset portfolio, increased financial resources and the consolidation of their energy interests.

Addressing questions about its financial position, Reabold highlighted its recent £4.16 million fundraising and its access to capital markets as evidence of its ability to secure funding.

The company also questioned Union Jack’s capacity to raise additional capital, citing its limited cash resources and the rejection of shareholder resolutions required for a capital increase. These concerns form part of Reabold’s response to Union Jack’s opposition to the takeover proposal.

Reabold further disputed Union Jack’s assessment of the West Newton project, an onshore conventional gas and condensate discovery in the United Kingdom. The company reiterated its view of the project’s scale and development potential, which it considers relevant to the proposed combination.

The Reabold board has urged shareholders to consider the longer-term implications of the transaction, including access to funding, asset development and the potential benefits of consolidation.

It also maintained that governance disagreements at Union Jack and the current level of acceptances for the offer should not determine shareholders’ assessment of the proposed transaction.

Reabold is a UK-listed energy investment and development company with interests in oil and gas assets at various stages of production, appraisal and development. Its portfolio includes the West Newton project, which remains a focus of its development strategy.

The all-share offer has been declared final, while the two companies continue to hold differing positions on the proposed transaction.

Hamak Strategy Limited (LSE:HAMA) has sold 8 Bitcoin for gross proceeds of £482,516, with the funds allocated to advancing its Akoko Gold Project in Ghana, reducing short-term debt and supporting working capital.

The company said the sale followed recent Bitcoin price appreciation and represents a tactical use of its cryptocurrency reserves. Hamak intends to maintain its combined gold exploration and Bitcoin treasury strategy.

Proceeds from the transaction will support work on the Preliminary Economic Assessment (PEA) for Akoko, where the company is evaluating the potential development of an open-pit, heap-leach gold operation.

The assessment is progressing following a recent site visit by consultants Snowden Optiro. Current activities include open-pit designs focused on the project’s 124,000-ounce oxide gold resource, detailed drone topographical surveys and additional metallurgical testing.

Previous metallurgical work indicated gold recoveries of between 85% and 95%. Further testing will contribute to the ongoing economic assessment of the project.

Following the sale, Hamak retains 18 Bitcoin, valued at approximately £1.075 million. The remaining holdings form part of the company’s treasury strategy, which combines cryptocurrency assets with its gold exploration activities.

Hamak said it remains committed to using its Bitcoin treasury to support project development and balance-sheet management while acknowledging the risks associated with cryptocurrency holdings.

The company is focused on gold exploration in Africa, with Akoko serving as its principal mining project. Its strategy combines the evaluation of the Ghanaian gold resource with Bitcoin treasury management, providing exposure to both gold project development and cryptocurrency price movements.

CleanTech Lithium PLC (LSE:CTL) reported progress on its Laguna Verde lithium brine project in Chile during the six months ended 30 June 2026, including an agreement on contractual terms for a 40-year operating contract, completion of a Pre-Feasibility Study (PFS) and further development of its Direct Lithium Extraction (DLE) process.

The company agreed the contractual terms of a 40-year Special Lithium Operating Contract with Chile’s Ministry of Mining, establishing a framework for the proposed development of Laguna Verde.

CleanTech also completed a PFS for the project, which indicated a pre-tax net present value (NPV) of US$1.37 billion. The study forms part of the company’s transition from resource definition towards project development.

During the reporting period, CleanTech continued work on producing battery-grade lithium carbonate using DLE technology, while progressing the selection of a strategic partner and holding discussions regarding project financing.

The company raised £5.3 million through a fundraising, recovered VAT and converted all outstanding convertible loan notes into equity.

Following the period-end, CleanTech reduced the cash consideration for 23 Laguna Verde concessions from US$35 million to US$14 million, a decrease of US$21 million.

The company also advanced production campaigns targeting high-purity lithium carbonate and continued preparations for a dual listing on the Australian Securities Exchange (ASX).

Further work includes permitting activities and securing financing for the development of Laguna Verde.

CleanTech is focused on developing lithium projects in Chile using DLE technology, with Laguna Verde serving as its principal development asset. The company intends to produce battery-grade lithium carbonate and is pursuing a long-term operating framework alongside strategic partnerships and project funding.

Piper Sandler has highlighted a decline in US stock market participation, with several of its technical indicators signalling weaker intermediate-term trends despite gains in communications, software and cybersecurity shares.

In a Wednesday research note, the firm advised against aggressively increasing equity exposure until broader market participation improves.

The S&P 500 fell 0.48% on Tuesday, contrasting with a 0.04% gain in the equal-weighted index. The difference reflected varying performance among index constituents rather than a uniform decline across the market.

Communications shares advanced 2.2%, breaking above resistance at their 200-day moving average.

Within technology, semiconductor stocks declined while other industry groups advanced.

The SMH semiconductor fund lost 4.75% as AI safety warnings affected semiconductor and infrastructure stocks. Software shares rose 5%, cybersecurity stocks gained 6%, and CrowdStrike (NASDAQ:CRWD) reached a record high.

Piper Sandler’s broader technical indicators presented a different picture from the gains recorded in those sectors.

Its 26-Week New Highs and 40-Week Technique measures are currently in sell positions, while the firm’s MACE analysis indicates that the number of stocks in weekly downtrends exceeds those in uptrends.

The percentage of market groups maintaining defined uptrends fell by 10 percentage points last week, declining from 53% to 43%.

The firm also highlighted developments in government bond yields and energy markets.

The 10-year US Treasury yield briefly exceeded 5.0%, while crude oil approached $105 per barrel before settling around $101.50.

According to Piper Sandler, a sustained move in the Treasury yield towards 5.2% and 5.31% would put pressure on equity valuation multiples.

For crude oil, the firm identified $106 as an important technical level. A move above that threshold would establish $111 as its next target.

Meanwhile, the S&P 500 and Nasdaq continue to trade near support associated with their 50-day moving averages.

Piper Sandler’s assessment combines weakening market breadth, divergent sector performance and higher bond yields. The firm favours waiting for broader participation to recover before increasing equity exposure.