Total Graphite plc (TGR), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, provided an update on its ongoing exploration and resource-definition drilling programme at its Vatomina Project in Madagascar, including encouraging initial infill drilling results from the Old Mine area. TGR said “These first infill results from the Old Mine area are exactly what we had hoped to see. A 19-metre graphite intercept, with a notably high-grade core, gives us real confidence in the continuity and quality of the seam and, taken together with our historical data, brings the shape of the orebody into much sharper focus. With drilling ongoing and the newly defined Old Mine Extension adding to the opportunity, we are in the process of building a robust geological understanding to underpin a credible restart mine plan. As we move into block modelling and pit optimisation across both Old Mine and Tanandava, we look forward to demonstrating the scale and value of the resources we have to mine at Vatomina.”
Comment: The new, revamped TGR, under new management, continues to deliver operational progress, as well as providing the ongoing X Factor of giving confidence to the market. Each RNS in the recent past has added to both credibility and share price.
80 Mile (80M) R2.4 Proposed Merger with Greenland Energy Company. Larry Swets, Executive Chairman of Greenland Energy commented: “This proposed transaction is fundamentally about Greenland and what we believe can be built there for the long term, Greenland possesses extraordinary natural resources, but realizing their potential requires access to capital, infrastructure, technical expertise and patient investment. By bringing these companies and assets together, we believe we can create a stronger platform capable of investing in Greenland, creating opportunities for Greenlanders and responsibly developing projects that can contribute to Greenland’s long-term economic growth and greater economic self-determination.
Comment: It is difficult to decide whether this is just what the doctor ordered, saved by the bell, or making the best of a difficult situation. What we do know is that big is going to be best in Greenland, especially with potential economies of scale that a merger can bring.
Genflow Biosciences Plc (GENF), a biotechnology company focused on the development of gene therapies for age-related diseases, announces that its SLAB (Sarcopenia and Longevity in Aged Beagles) clinical trial, evaluating its proprietary SIRT6 centenarian gene therapy in aged dogs, has met its primary endpoint. The Company further announces that detailed results from the completed trial will be presented at the Animal Longevity Summit (“ALOS”) in Toronto, Canada, on 1-2 October 2026.
Comment: The Animal Longevity Summit does not sound as though it will be the hottest ticket in town. Nevertheless, GENF seems to be making accelerating progress as far as serving up perennial pooches, and the share price is finally making the type of breakout that reflects this. Let’s see if the company takes the opportunity to raise some cash.
Serval Resources Plc (SRVL), a company focused on building an independent copper and future metals developer, is pleased to provide an update on its work programme for the Kaoko Basin project in Namibia. The completion of a geological mapping campaign confirmed previously identified and drilled Cu-mineralisation across the EPL 7081 area, specifically the Omatapati and Otjozongombe prospects. More Cu-mineralisation in surface samples was identified in areas not previously known. These new discoveries of Cu-mineralisation at surface are along strike of known Cu-mineralisation, indicating an increase in the potential strike length and size of the potential Cu-deposits. Exploration efforts for the rest of 2026 will use geophysics and/or soil sampling to further delineate these mineralised systems, followed by a diamond drilling programme scheduled for Q4 2026 to confirm the orientation, grade and connectedness of the surface mineralisation at depth. This will give the Company the opportunity to step into a maiden mineral resource estimation programme in 2027, subject to receipt of additional funding.
Comment: After a slow start the momentum is finally building as far as the share price of SRVL, as well as the newsflow. With the run up to the MRE next year we have a decent driver for a re-rate and speculative interest to build in the shares.
Capital Metals (CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka, announced its results for the financial year ended 31 March 2026. “Since the new government came into place in late 2024, our confidence has been bolstered by its clear drive to build the mining sector as a major contributor to the economy, albeit not at the pace that we would prefer given we have been waiting for our final approvals for some time. We are not just sitting around waiting for this to happen but are proactively engaged in assisting with the process, including by sponsoring the very successful inaugural Mineral Sands Technical Conference to help demonstrate how sustainable mineral sands practices are undertaken throughout the world, as well as assisting in establishing the Sri Lanka Mineral Sands Association.”
Comment: Perhaps rather surprisingly shares of CMET have drifted somewhat over the course of the summer, something which means that fresh newsflow such as today’s is more than welcome. But whatever the financials are currently, the main thing remains the pathway to production.
Guardian Metal Resources plc (GMET), a strategic mineral exploration and development company focused on tungsten in Nevada, USA, iannounced that the Company will become a constituent of the FTSE AIM 50 Index, effective from 21 September 2026. This outcome follows FTSE Russell’s quarterly review of the FTSE AIM UK 50, FTSE AIM 100 and FTSE AIM All-Share Indices. Oliver Friesen, CEO of Guardian Metal, commented: “Inclusion in the FTSE AIM UK 50 is an important milestone on the journey we began when we listed on AIM in May 2023. It reflects the momentum we have built as we work to reshore mined tungsten production to the United States. I want to thank the shareholders who have supported us along the way, and we are very excited for the road ahead.”
Comment: We have a decent badge of honour for GMET, which is deserved if only on the basis of how it has conducted itself in terms of newsflow and share price performance. As the company states though, the main thing is getting production up and running asap.
IG Group Holdings plc (IGG) today announced that it will host a virtual seminar for institutional investors and analysts on Thursday 8 October 2026, from 2.00pm to 3.15pm (BST). The seminar will focus on Underdog, the US daily fantasy sports and prediction markets business that IG agreed to acquire on 30 July 2026, subject to regulatory approvals. The seminar provides an opportunity to hear directly from Underdog co-founder and Chief Executive Officer Jeremy Levine on the business’s product offering, operations and strategy. Jeremy will be joined by IG Chief Executive Officer Breon Corcoran and IG Chief Financial Officer Clifford Abrahams, with a Q&A to follow. To register for the webcast or conference call, please use the links below: IG Group | Webcast | Shareholder Seminar: Underdog
Comment: Judging by the recent share price collapse, and the negative comments regarding the trading platform on X and elsewhere, the main Underdog at the moment is IGG itself. It will be interesting to see whether the Q&A addresses such issues.
