Halo Minerals PLC (HALO), the copper development company focused on extracting critical minerals from legacy mining waste, announced it has commenced the procedure to file a formal maritime concession application with the Chilean maritime authority and Ministry of National Defence. The maritime concession will cover the shoreline and offshore area immediately adjacent to the Company’s flagship Playa Verde Project in Chañaral, Atacama Region.
Based on historic bathymetric surveys, academic research, and company investigations, Halo estimates that approximately 100 million tonnes of copper-bearing tailings-originating from the same source as the 53 million tonne JORC-compliant resource and 32 million tonnes of ore reserves owned by Halo onshore-remain within its mining licenses. These licenses extend into the bay area and may be suitable for hydraulic recovery and reprocessing. As part of the application process, the field work for the high-water line survey was completed last week, marking the first step of the procedure. HALO said “Halo Minerals was admitted to trading on AIM on the strength of its 53Mt onshore resource and the filing for the maritime concession is a natural and material extension. This secures potential access to more than double the tonnage we already have sitting onshore in shallow water and are highly synergistic materials to process through the plant that will be installed to re-treat the onshore Ore Reserves.”
Comment: HALO is new to market, and the numbers here already appear significant, and certainly strong enough to justify rather more than a market cap of £12m. Having raised £4m, and with a dynamic CEO in place, we should expect milestones to be hit at pace. The name of the game is to get investors aware of the company and how its tailings strategy places it head and shoulders among the usual run of explorer / developers.
Total Graphite plc (TGR), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, is pleased to provide a development strategy update and next steps for its natural graphite assets in Mozambique. TGR said “It is important for the overall development of the Group to continue progressing our significant, world-class assets in Mozambique to support large scale offtake opportunities which currently exist into the energy transition sector. The large-scale assets also hold potential to supply future downstream production assets of the Company. We look forward to engaging with consultants to support the planning and future implementation of newly commissioned studies which align with the vision for Total Graphite to become a globally significant, vertically integrated natural graphite company, and further updating the market as we progress.”
Comment: Tirupati Graphite 2.0 aka Total Graphite certainly seems to be a serious play, and everything its predecessor was not. One can see the shares gaining traction amongst investors, as it seems we have a strong management team and strategy in place.
GenIP Plc (GNIP), a technology consultancy providing AI-driven services to help research organisations and corporations commercialise their innovations, announced a fundraising of £350,000 (c.US$470,000) (gross) at 7p. GNIP said “This Fundraise comes at a time of significant commercial momentum for GenIP. The proceeds will enable us to improve the monetization of the increasing network of partnerships and alliances and continue the programme of product development. This places the Company in a stronger position for a successful rest of FY2026.”
Comment: GNIP continues to be a busy company in land grab / expansion mode, and hence another fundraise is appropriate. Hopefully, this modest raise will be enough to get those revenues up to critical mass by the end of H2 2026. In the meantime we see the company broadening its offering and distribution.
Mindflair (MFAI), the AIM-quoted company focused on investing in Artificial Intelligence (“AI”) related technology, announced that Sure Valley Ventures’ (“SVV”) second fund (“SVV2”), in which Mindflair holds an interest, has made a new investment in ManaMind Ltd (“ManaMind”), a London-based autonomous game testing company. ManaMind has raised US$1.5 million in a pre-seed funding round led by SVV, with participation from EWOR, Ascension, Syndicate Room and Heartfelt. The funding will be used to expand ManaMind’s technical team, accelerate proprietary model development and support its growth across key geographies.
Comment: We are yet to see a strong example of an AI investing strategy, something which is perhaps rather sad given that we are currently in AI mania. That said, at least MFAI has managed to describe it new investment without having to include that it is powered by AI. As we know these days, even a frying pan is in theory powered by AI.
Orosur Mining Inc. (OMI) announced the granting of an aggregate of 13,650,000 Restricted Stock Units (“RSUs”) to directors, officers, employees and consultants of the Company, upon recommendation of the Company’s Remuneration Committee, in recognition of the Company’s progress and as incentivisation for future performance. Further to the award of the RSUs set out above, the total number of shares under Option, RSUs and DSUs is 26,440,004 which represents 6.7% of the non-diluted issued share capital of the Company.
Comment: It is wonderful to see the company handing out goodies to all those concerned. But it is a shame that the shares are some 50% off their 2026 peak, so perhaps more effort apart from a certain professional investor’s social media backing should be made on that front. We are overdue the next leg up for the shares.
ADM Energy PLC (ADME), a natural resource investing company, announced that it has conditionally raised total gross proceeds £375,000, at a price of 0.02 pence per share. The Placing has been arranged by Capital Plus Partners Limited as sole broker to the Placing. The Fundraise has been supported by a number of existing and new investors, reflecting confidence in the Company’s momentum, strategy and expansion opportunities. It is the intention that the proceeds of the Fundraise will be deployed primarily to increase the interest of the Company in Vega Upstream JV, LLC, as announced on 29 April 2026, to approximately 35.0% through an additional capital contribution of US$300,000 to Vega Upstream JV and for working capital purposes of the Company.
Comment: It is good to see our friends at Capital Plus Partners raise a decent chunk of change for ADM. That said, we now perhaps know why there was a spike in ADM shares in recent days. Ideally this raise is enough to get the company moving along significant milestones for once.
Mkango Resources (MKA) has released its year-end 2025 financial statements, reporting a cash position of $3.1 million, and has filed a NI 43-101 report for its Songwe Hill Rare Earths Project in Malawi. The company also highlighted significant progress in its rare earth magnet recycling operations, with HyProMag Ltd in the UK producing 9.2 tonnes of recycled NdFeB alloy powder and HyProMag GmbH in Germany commencing commissioning runs. Furthermore, HyProMag USA’s proposed facility in Dallas-Fort Worth has a projected post-tax NPV of $780 million based on forecast market prices, and the company is advancing concept studies for expansions in South Carolina and Nevada. The Songwe Hill project’s updated definitive feasibility study shows a post-tax NPV of approximately $339 million, while the proposed Puławy Rare Earths Separation Plant in Poland has a post-tax NPV of approximately $779 million.
Comment: MKA has plenty of people gushing about its prospects, and not only its hired hands. There is decent investor traction for the company, not surprising given the way that the shares have been able to hold onto the bulk of last year’s 5x gains off the back of ongoing progress.
Shield Therapeutics plc (STX), a commercial-stage pharmaceutical company focused on iron deficiency, today released its unaudited Q1 2026 trading update and announces a CFO transition. Group net revenues of $18M with strong year on year ACCRUFeR® net revenue growth of 54% to $9.9M. Planned CFO Transition; Anders Lundstrom, CEO to serve as Interim CFO.
Comment: After a stellar performance for the share price last year, up over 2.5x, we have seen a consolidation so far in 2026. This is perhaps understandable, but the revenue growth alone should be enough to get that rally going again soon.
Aterian (ATN) reported a loss before taxation of £2,016,000 for the year ended 31 December 2025, an increase from the £1,617,000 loss in the prior year, primarily due to exploration expenditures and administrative costs. The company advanced its exploration portfolio across Africa, focusing on critical minerals like copper, lithium, and tantalum, and initiated a mineral trading platform in Rwanda through Eastinco Limited. Rio Tinto concluded its exploration earn-in at the HCK lithium-tantalum project in Rwanda in October 2025, having invested approximately US$4.7 million, with control and data reverting to Aterian. A strategic AI-powered exploration joint venture with Lithosquare was also established in December 2025 to accelerate target generation across Aterian’s projects. The company’s strategy involves building a diversified portfolio of critical metal projects and complementary trading activities.
Comment: Given the lay of the land as far as explorer / developers are concerned, it is disappointing that ATN continues to underperform in terms of the share price, as well as hitting us with a £2m loss. Hopefully some of the seeds that have been planted as far as its projects are concerned with start to grow by the end of this year.
Georgina Energy plc (GEX), announced that it has successfully raised approximately £1m through the issue of 37,037,000 new ordinary shares at a placing price of 2.7 pence per share. The Placing was undertaken by Clear Capital. The Company will issue investors with one warrant per two placing shares at an exercise price of 5 pence expiring 5 years from Admission. The net proceeds of the Placing will primarily be to advance the work programmes and for general working capital.
Comment: Despite all the best efforts of crackpot commentary / the shorting squad, GEX has been able to raise a decent sum. This is made all the more sweet given the way that aforementioned crackpot individuals said that they would not / could not.
