Zinc Media Group plc (ZIN), the award-winning television, brand and audio production group, is pleased to announce that, following a strong trading performance by The Edge Picture Co Limited, The Edge has continued to perform strongly, resulting in the achievement of the final earn-out targets set out in the earn-out terms.
Comment: Although shares of ZIN are yet to respond, it is evident from today’s news and the latest Singer research note, that the company is experiencing a purple patch. This should start to feed through into the valuation, once the message gets out.
Mendell Helium (AQSE:MDH) announced that M3 Helium Corporation has received a non-binding proposal with a leading helium producer to install equipment to recover and sell helium at its Rost 1-26 well and the nearby Rost twin well where drilling has recently finished in the Fort Dodge region of Kansas, USA.
Comment: The newsflow keeps coming at MDH, hardly surprising currently given that helium is red hot while the Iran conflict continues, and likely will remain so well after it ends, if it ever ends.
Quantum Helium Limited (QHE) is pleased to announce it has today raised £5 million (before expenses) by way of a conditional placing at a price of 0.03 pence per share. The Placing was arranged by OAK Securities and was undertaken with a number of institutional investors who approached the Company, reflecting growing interest in Quantum’s asset base and the strategic importance of domestic US helium supply.
Comment: If one cannot raise cash for helium plays in the current environment, when can one? A £5m raise on what was a £12m market cap is certainly not shabby and should take QHE, and OAK, a long way.
MedPal AI Plc (MPAL), the UK digital health and AI company, announced that it has conditionally raised gross proceeds of £3 million at a price of 2.5 pence. The Placing has been arranged by OAK Securities as sole broker to the Placing. The Placing has been strongly supported by a number of new institutional investors, reflecting confidence in the Company’s operational momentum, expanding commercial pipeline, and clear pathway to profitability.
Comment: Is it three placings or more for MPAL since the IPO last summer? While the market may not been totally convinced by the operational momentum of the company, it would appear that the company has done enough to convince our friends at OAK to raise a decent amount of cash. That reminds me, I really should send my CV to them, sooner rather than later.
Premier African Minerals (PREM) provided a further interim update on the ongoing progress at the Zulu Lithium and Tantalum Project. PREM said “We are very pleased with the progress being made on site, particularly given the labour-intensive nature of the fabrication and modification work currently underway. The team has responded well to the technical requirements of the Xinhai Flotation Plant design, and the level of on-site execution has been encouraging. Importantly, we are not only advancing installation but also refining and simplifying the plant configuration to support more reliable and efficient operations going forward. This work is critical in positioning Zulu Lithium for sustainable performance once commissioning is complete.”
Comment: The story of building its Zulu project for PREM has appeared almost as painful as constructing the Bridge Over The River Kwai. That said, at least today’s RNS sounds as soothing as it could have, and commissioning seems a little closer than “somewhere over the rainbow.”
Cora Gold (CORA), the West African focused gold company, announced that it has signed a binding term sheet for a US$120 million gold stream with Eagle Eye Asset Holdings Pte. Ltd. to support development of the Sanankoro Gold Project in south Mali.
Comment: Congratulations to Bert Monro and the team. Don’t forget me when you are (rich and) famous. Of course, gold is on fire at the moment, so the fate of Sanakoro was not in doubt. That said, the lay of the land in Mali has certainly provided moments of doubt for shareholders along the way.
Pensana (PRE) confirmed receipt of the first tranche of US$15 million from Cascade Natural Resources Limited as contemplated under the US$165 million Strategic Investment announced on 4 March 2026. Under the terms of the Strategic Investment, in support of the development of the Company’s U.S. Mine-to-Magnet strategy, Cascade will advance US$165 million to Pensana and its group companies.
Comment: It would appear that today has been funding companies on the London stock market day, something which is perhaps as welcome as it may seem counterintuitive given the situation in the Middle East. That said, PRE’s money has been a long time coming, and of course everyone loves rare earths currently.
ITM Power (ITM) announced a strategic collaboration with Rheinmetall for the Giga PtX project. ITM said “We are pleased to announce that we have entered a strategic collaboration with Rheinmetall AG, a leading international technology group in the defence sector. The collaboration will focus on Rheinmetall’s Giga PtX project, which aims to establish a Europe-wide network of decentralised synthetic fuel production plants for the NATO armed forces, designed to strengthen defence energy resilience, sovereign fuel capability and operational readiness.”
Comment: Of course, a RNS featuring NATO is nothing to be sniffed at, even though NATO does not really do much, does not cooperate with the US, and has allowed a disaster in Ukraine. Nevertheless this is a stonking announcement for ITM, so stonking in fact that the shares have already jumped over 50% in recent days ahead of today’s news. Clearly, there has been a leak from someone, somewhere.
