Total Graphite plc (TGR), the specialist flake graphite company developing an integrated graphite mine-to-materials supply chain for the global energy transition, announced that, following an advanced stage of the operational turnaround of its Madagascar operations being reached and the continued advancement of its larger-scale growth portfolio, the Board has initiated a graphite portfolio optimisation programme to evaluate the options available to accelerate development and maximise value for all shareholders. The Company also announces changes to the Board’s composition to support the next phase of growth and strategic execution.
Comment: TGR is doing a good job in terms of rejigging itself after the dark days of being Tirupati, as well as today teasing us with the way that it could be sitting on rather more assets than we are currently factoring in, and that third parties have interest in them.
Beeks Financial Cloud Group plc (BKS), a cloud computing and connectivity provider for financial markets, is pleased to announce that it has secured its first contract for Market Edge Intelligence®, the analytics platform that brings AI-powered insight directly to the colocation edge.Following the offering’s launch earlier in FY26, and a successful proof of concept, Beeks has signed a 5-year contract with a total value of $4.8m with one of the world’s largest banks for deployment of the software in one area of its trading infrastructure.
Comment: It is apparent that today’s news from BKS is more than enough to reverse the post February decline in the shares, and arguably shine a bright enough light on the stock to allow the market to appreciate the niche it is in, as well as in the words of the company, deliver proof of concept.
Acuity RM Group plc (ACRM), the software group specialising in cyber-security, which supplies its award-winning STREAM® software platform for the Governance, Risk and Compliance (“GRC”) market, together with associated consultancy services, is pleased to announce a contract expansion with an existing customer, a supplier to the nuclear industry comprising the migration of the customer’s on-premises STREAM® Classic deployment to STREAM® Classic SaaS and the addition of Third Party Risk Management (“TPRM”) capability. The customer has signed a new three-year contract with a total value in excess of £100,000.
Comment: Given the costs of being listed, it remains the case that companies announcing the odd 6 figure win do no not really touch the sides as far as impressing the stock market. We await 7 figures to really get things going at ACRM and others.
Debenhams Group (Boohoo (DEBS) and Revolution Beauty (REVB) announced a new licensing partnership to develop beauty and fragrance products across Debenhams Group brands. The partnership combines the strength and reach of Debenhams Group’s full brand portfolio of fashion and lifestyle brands with Revolution Beauty’s expertise in developing, manufacturing and distributing beauty products.
Comment: REVB and DEBS both working together rather makes sense. Indeed, it makes so much sense as far as their position in the market that one wonders whether ever closer ties between the companies should not be considered?
Buccaneer Energy (BUCE), the US-focused oil and gas production and development company, is pleased to note the publication of updated research by SP Angel Corporate Finance LLP following the Company’s recent operational progress at Pine Mills, Texas. The research reiterates a BUY recommendation and a 12-month target price of 0.05p per share, representing significant upside to the current share price. SP Angel’s updated valuation reflects recent developments including the Carlisle-1 acquisition, progress at the Organic Oil Recovery (“OOR”) programme and the planned Fouke waterflood development.
Comment: Given the fundamental position of the company, and the ongoing wait for a breakthough, it could be argued that the timing of the SP Angel note is both welcome and indeed, quite brave.
Bradda Head Lithium Ltd (BHLL), the North America‑focused lithium development company, is pleased to announce that its wholly owned U.S. subsidiary, Zenolith (USA) LLC, has been accepted as a member of the Defense Industrial Base Consortium (DIBC)-a U.S. initiative dedicated to strengthening national security through innovation, industrial collaboration, and resilient domestic supply chains.
Comment: We have already been treated to a significant re-rate as far as BHL is concerned. Today’s announcement should be more than enough to maintain the best of it, and underline that BHL is in the right place at the right time. Above 2.5p, we should be looking at 5p as soon as the end of the summer.
Seraphim Space Investment Trust plc (SSIT), the world’s first listed SpaceTech investment company, announced that, following the FTSE UK Indices Annual Review, it will be included in the FTSE 250 Index with effect from the start of trading on 19 June 2026. Elevation to the FTSE 250 represents an important milestone in the Company’s development since its 2021 IPO and reflects the continued growth in portfolio value, growing investor interest in the SpaceTech market, and the recent £137m C share fund raise, reinforcing the Company’s long-term growth potential. SSIT’s entry into the index is expected to increase visibility amongst institutional investors, supported by index-related demand and improved liquidity.
Comment: It is perhaps the case that the tracker funds have already bought into SSIT ahead of the shift into the FTSE 250, quite an achievement. This is all the more so in the run up to the SpaceX IPO, which will once again shine a light on the area that the company is involved in.
Coiled Therapeutics (COIL), the clinical-stage oncology company developing precision medicines for hard-to-treat cancers, announced the appointment of Professor Ozgur Sahin, Ph.D. as a Scientific Advisor to the Company. This is the first in a series of planned appointments as Coiled Therapeutics establishes a wider Scientific Advisory Board.
Comment: COIL is a company clearly looking to establish a new name for itself in its chosen niche, and beefing up the names on the letter head is obviously the way forward. The recent 50% plus share price rise shows that the market is at least starting to take note of the approach.
Powerhouse Energy Group (PHE), a company focused on the conversion of non-recyclable waste into low carbon energy alongside its revenue-generating engineering consultancy division Engsolve, announced that it will be participating in new Horizon Europe Innovation Action under HORIZON-CL6-2025-01-CIRCBIO-01: “JUST-CIRCLE – Measuring and Advancing Circular Business Models for a Fair and Sustainable Transition”, which is being led by Brunel Business School at Brunel University of London.
Comment: As well as convincing the stock market that it is on track as far as heading to a low carbon Nirvana, as well as a revenue generating engineering consultancy one, we see the company making efforts to hobnob with its trade counterparts / peers. More of this and more often would appear to be the way forward.
Zenith Energy Ltd. (ZEN), the international energy production and development company, is pleased to announce the acquisition of an additional 5 MWp ground-mounted photovoltaic development project located within the Metropolitan City of Rome in the Lazio region of Italy. This acquisition further strengthens Zenith’s growing Italian renewable energy portfolio and represents another important step towards the Company’s stated objective of exceeding 200 MWp of solar development capacity by the end of 2026.
Comment: While we remain in the waiting room as far as ZEN’s big and winnable Tunisia claim, the company continues to rush headlong into its a la mode renewable energy strategy. Building up those MW’s is certainly the name of the game, and it is a shame the share price is not responding more to the twin drivers at work currently for the company.
Premier African Minerals Limited (PREM) report on the progress of operations at Premier’s Zulu Lithium and Tantalum Project. PREM said “Subsequent to our update of 26 May 2026, I am delighted to confirm that ore from the ROM pad is now being fed through the newly installed flotation plant. Initial observations are positive and the flotation plant is operating as expected. As the plant has only recently commenced processing ROM material, it remains early in the optimisation process, and it would therefore be premature to comment regarding recovery characteristics or overall plant performance.”
Comment: Given how much we have heard regarding the now near mythical flotation plant, it seems that it would be easier to build a thermonuclear reactor on Mars, that what has been delivered at the Zulu Project. It would appear that PREM is getting there, but we do not necessarily know when it will arrive at its destination.
Forgent plc (FORG), the technology-led energy transition company, announced it has entered into a binding Option agreement for the exclusive right to acquire 80% of the Mount Sholl Nickel-Copper-PGE project in the Pilbara region of Western Australia.
Comment: We can thank the stars above that the agonising progression or lack of it at the former EQTEC, has transformed into what looks like a decent strategy at FORG. Who knows, we may even see the share price even spend two consecutive days above their 50 day moving average?
Helix Exploration PLC (HEX), the helium exploration and development company advancing the Rudyard Helium Project in northern Montana, announce it has entered into a purchase and sale agreement to acquire 100 per cent of the membership interests of Treasure State Drilling LLC, a Montana-based drilling company, for total consideration of US$600,000, to be satisfied entirely by the issuance of new ordinary shares in Helix. The primary asset held by TSD is the drilling rig which has drilled all of Helix’s existing Rudyard production wells. The Acquisition will give Helix complete control over rig access.
Comment: Given what must be described as crisis conditions as far as helium supply in the wake of the ongoing Iran conflict, any moves by companies such as HEX with proven supplies must be welcomed. That said, we just wish they would just get on with production, rather than just proving up.
KEFI (KEFI), the gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia, announced its audited financial results for the year ended 31 December 2025. KEFI said “With gold at $3000 an ounce, the NPV of Tulu Kapi alone is £1bn, valuing KEFI’s share at more than £800m. At $5,000 an ounce, the project’s NPV rises to around £2 billion, taking our share to a value of around £1.6 billion. Yet the company has a market capitalisation of less than £200 million.”
Comment: KEFI continues to be subjected to crackpot commentary, designed to demoralise the bulls, as well as being clickbait. Ideally none of this will be listened to. Instead, the relationship between the market cap and the NPV is the standout here.
Aptamer Group plc (APTA), the developer of next‑generation synthetic binders for the life sciences industry, announced a new funded research programme with Imperial College London, supported by the Gates Foundation. Aptamer has contracted an upfront fee to develop field-compatible sample preparation and extraction methods using its existing folic acid Optimer® binders, and to supply those binders to the Güder Research Group in the Department of Bioengineering at Imperial College London for incorporation into lateral flow devices.
Comment: Rather than necessarily focusing on the Gates Foundation, it may be wise to note that the RNS from APTA is housed at Imperial College London, and that the company has managed to bag an upfront fee. Ideally, the share price which has drifted since the summer may take some notice of this.
Cora Gold Limited (CORA), the West African focused gold company, provided an update on its growth strategy at the Company’s flagship Sanankoro Gold Project in southern Mali, as the Project advances towards construction and first gold production. Following the successful financing activities in H1 2026, which ensure Sanankoro is fully funded to production, Cora is now focused on unlocking the broader long-term potential of the Project through an extensive resource growth and exploration programme, designed to expand the current JORC compliant mineral resource estimate (‘MRE’) of 1,044 koz at 1.04 g/t Au, extend Reserve mine life beyond the current 10.2 years outlined in the 2025 definitive feasibility study (‘DFS’) and support future production growth.
Comment: Gold may have tailed off in recent months, but it is comforting that the share price of CORA has remained in an uptrend, backed by the way that the company has got its funding over the line, and the prospect of expanding the JORC.
GENinCode Plc (GENI), the predictive genetics company focused on the prevention of cardiovascular disease and risk of ovarian cancer announced its audited final results for the year ended 31 December 2025. FY25 saw the Company strengthen its revenues in the US and Europe. Revenues increased by 14% year on year to £3.1m, (2024: £2.7m) driven by volume growth in US and EU. FDA – CARDIO inCode-Score: FDA ‘De Novo’ Supervisory Review completed.
Comment: Shares of GENI have recently caught the eye in terms of being a potential turnaround situation. This may have been anticipation of the announcement delivered today, which is well peppered with mentions of the all-important and potentially transformational FDA. The very modest £8m market cap underlines that not much needs to happen in a positive way for a decent share price recovery.
Audioboom (BOOM) reported that the strong start to 2026 shown in the Q1 Trading Update has continued into Q2 and that Audioboom expects to announce record results for the six month period to 30 June, with revenue increasing to a minimum of US$45.0 million (H1 2025: US$35.1m) and adjusted EBITDA profit increasing to a minimum of US$3.0 million (H1 2025: US$1.8m). Since February 2026, three interested parties who had been conducting due diligence have submitted non-binding indicative proposals to make a cash offer for the Company. BOOM has now terminated discussions with all of the interested parties.
Comment: The peak share price of BOOM have hit in the recent past has been 805p which would be a decent takeover price to grab with both hands. The current 560p represents the £100m market cap level. Given the company’s p/e ratio at 143, one does not have to be Warrant Buffett to realise that it was always going to be a big ask to get a big offer for the company of over 800p. Or maybe one does have to be Warren Buffett? It would appear that long suffering shareholders will have to suffer a little longer. Now, where is that bid from Apple?
Marechale Capital (MAC), an established London based corporate finance advisory business, announced that it has received confirmation that the FCA has approved the change in control of Stanford Capital Partners Limited. The application was made to the FCA as a part of the proposed acquisitions, including Stanford, Bluebird Global Inc., NJC Capital Management VSA Private Fund Limited and NJC Capital Management Limited, as announced on 3 June 2026, and the approval by the FCA was a contingent term of the acquisition of Stanford.
Comment: After a rather long gestation period it would appear that MAC has been given a happy ending, not that kind. Indeed, the proposed acquisitions here give the impression that following the now approved change of control, it would appear that the new look company will hit the ground running.
Jangada Mines plc (JAN), a Brazil-focused natural resources company, announced the commencement of its fully funded Phase 2 drilling programme at its Molly Gold Project in Brazil, following recent positive drill results highlighting the Project’s potential.
Comment: We have suffered a rather Bitcoin like decline for Gold since the end of January, which was certainly the high water mark for explorer / developers in the area. The issue now after the share price falls is who amongst the many contenders will be able to prevail as far as investor interest. Being fully funded like JAN may give it an edge.
Mila Resources Plc (MILA), the resource development company focussed on gold and copper in Australia, announce assay results from a further nine RC drill holes at its Yarrol Gold Project in Queensland, Australia, which enhance the scale and continuity of gold mineralisation. The results highlight the project’s broader potential, with mineralisation remaining open in several directions and additional targets emerging across the project area.
Comment: Being up over 5x last year was clearly a boost for MILA in terms of being able to make hay / raise cash in order to advance Yarrol. It will now of course being a matter of seeing whether the project can live up to the hype, or at least the ongoing enthusiasm the company clear is trying to convey.
Tertiary Minerals plc (TYM) announced details of the upcoming drill programme at the Target A1 silver oxide discovery which forms part of the Mushima North Project, Zambia. Mushima North is located in the prospective Iron-Oxide-Copper-Gold region of Zambia and Target A1 is located 28km to the east of the historic Kalengwa Copper (-Silver) Mine which is currently under redevelopment. TYM said “Target A1 has a JORC Exploration Target containing up to 58 Moz silver equivalent, and the Company’s aim is to convert this into a Mineral Resource Estimate by the end of this year. We have a clear pathway for value creation at the Project and deliverable in a well-constrained time-frame. With the completion of the recent fundraise we now have sufficient funds to complete the planned drill programme to support the Mineral Resource Estimation work.”
Comment: 58 Moz is certainly nothing to be sniffed at, whether silver, gold, or Class A drugs. Indeed, as far as TYM being the next big thing in the micro cap space, Mushima appears to fit the bill. This is especially the case when looking at the sub £3m market cap. At least last week’s fundraise is out of the way.
Sterling Digital plc (AQSE: ASIC), a company established to develop low-energy-cost digital asset mining operations in the United States, announced that it has entered into a gas purchase agreement with a US based supplier for the supply of natural gas to power its bitcoin mining operations in West Texas, US.
Comment: It is a slightly bittersweet announcement from ASIC, and its position in the backwater of Aquis. One can like the gas purchase agreement in the present Iran conflict, but with Bitcoin flailing, one wonders how long this particular angle can be sustained unless digital assets end their recent winter.
Great Western (GWMO), the exploration and development company focused on mineral projects in Nevada, USA, announce that its Ordinary Shares have been approved to trade on the OTCQB Market (“OTCQB”) in the United States of America and will commence trading at the market open today under the ticker symbol “GWMOF”.
Comment: GWMO’s OTCQB move makes rather more sense than many companies who get on the perceived liquidity rush that it brings, given the Nevada postcode. That said, it will be operational progress which has to continue to provide share price momentum, whether here or in the US.
