Kenmare Resources plc - Statement regarding possible offer
Kenmare Resources plc has received a non-binding proposal from Oryx Global Partners Limited and Michael Carvill for a possible all-cash acquisition. The Kenmare Board rejected the proposal, valuing shares at 530 pence each, as insufficient. The Board is open to further discussions, and the consortium must declare its intentions by April 17, 2025.
Mkango Resources Ltd - CONSTRUCTION UPDATE UK MAGNET RECYCLING AT TYSELEY
Mkango Resources Ltd. has revealed advancements in the construction of its rare earth magnet recycling and manufacturing facility at Tyseley Energy Park, UK. Developed in collaboration with the University of Birmingham and HyProMag Limited, the facility aims to strengthen the UK's supply chain by combining innovative recycling technologies with new magnet production. Initial commercial production is targeted for Q2 2025.
Narf Industries PLC - US$6.8M Multi-Phase Contract with US Gov Agency
Narf Industries PLC has secured a US$6.8 million contract with DARPA for its INGOTS programme. Across three years, Narf will advance its system simulating cyberattacks to aid in identifying security vulnerabilities. The project includes several phases, with potential expansion into government and commercial sectors contingent on successful progress.
Helium One Global Ld - State-16 Well, Galactica Project Update
Helium One Global Ltd announces a notable rise in helium concentration at the State-16 well in the Galactica Project, Colorado. New samples show helium concentration increased to 2.17%. The well's recorded pressure of 10 psig suggests strong reservoir connectivity and long-term flow potential, marking a promising development for the helium supply-constrained market.
Hunting PLC - Results for the year ended 31 December 2024
Hunting PLC reports a 13% revenue increase to $1,048.9m in 2024, driven by international and offshore markets. Despite a $109.1m non-cash impairment, adjusted profit before tax rose to $75.6m. A 15% dividend increase was declared, reflecting strong cash flow and strategic focus on long-term growth and diversification.
THG PLC - Inclusion in FTSE 250 Index
THG PLC is set to join the FTSE 250 Index following a category transfer to equity shares. Expected to formalize on or around 21 March 2025, this development boosts THG's strategic visibility after the THG Ingenuity demerger. THG is a key player in global beauty, health, and wellness through THG Beauty and THG Nutrition.
Sealand Capital - EVOO’s acceptance into the NVIDIA Connect Program
Sealand Capital Galaxy Limited [LSE: SCGL] has announced that EVOO AI PLC, its partner and investee, has been accepted into the NVIDIA Connect Program. This collaboration grants EVOO access to NVIDIA's advanced AI tools and resources, enhancing SEA-VOO's capabilities to deliver AI-powered personalized experiences in the luxury e-commerce market.
Petrel Resources PLC - Placing to Raise £250,000
Petrel Resources plc has successfully raised £250,000 through a placement of new ordinary shares. The funds will provide additional working capital as the company explores new opportunities in Iraq. Improving security conditions and favorable contract terms present potential for development, with Petrel positioning to engage in pre-qualification discussions with the Iraqi Ministry of Oil.
Xtract Resources plc - Western Foreland Exploration Update
Xtract Resources Plc has announced a successful reconnaissance in Zambia's Western Foreland and Fold & Thrust Belt. Key findings include defined stratigraphy confirming potential for redox fronts and mineralisation, eight copper anomalies, and completed drilling in specific licences. A phase two exploration program is set to commence post rainy season, focusing on inferred redox boundaries.