29th Jun 2026 19:10
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Talon Resources PLC - North American gold exploration company previously known as Medcaw Investments PLC - Begins 2,000-metre Phase 1 exploration programme at its highly prospective Eagle Lake gold project in the Wabigoon Subprovince in Ontario. Eagle Lake comprises 95 contiguous mining claims covering 1,986 hectares. Historical exploration has identified multiple gold-bearing zones across, including surface sampling results of up to 204 grammes per tonne gold. "While historical work has demonstrated the presence of gold mineralisation across several zones, exploration has been relatively limited and the project remains underexplored," Talon says. Phase 1 is to focus on detailed channel sampling of mineralised outcrops, trenches and bedrock exposures, alongside systematic prospecting across eight target areas. Results will be integrated with historical exploration data to prioritise drill targets ahead of follow-up field work in the third quarter and the start of drilling in the fourth quarter.
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Talisman Metals PLC - copper exploration company in Morocco, formerly Ovoca Bio PLC - Reports pretax loss of GBP89,791 in the year to December 31 2025 from GBP73,677 a year prior. The loss is driven entirely by administrative expenses as reports no revenue, unchanged from 2024. In January, Talisman completed its reverse takeover of Bristol, England-based Tadeen International Ltd, a holder of mineral exploration permits in Morocco. CEO Tim McCutcheon calls 2025 a "transformational year" which saw it transition to a "focused copper exploration asset developer with projects in Morocco." McCutcheon says Morocco is "one of the best [jurisdictions] I have seen in my career, with a fresh mining code, a supportive government and people who truly want to see the mining sector succeed in their country." For 2026, says Talisman is "rapidly building-out our capacity to work in the field by establishing relationships with contractors and partners, as well as bringing new talent onto the Talisman team." The first work at its Fougnar and Tirzzit projects has completed. "We will continue our work through to the end of the year with the goal of publishing a mineral resource Estimate at both projects," McCutcheon adds.
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Nativo Resources PLC - Latin America-focused exploration company with interests in precious metals mining and production in Peru - Completes engineering design, equipment schedule, procurement planning and detailed project costings for the La Patona gold ore processing plant. The site is now "effectively construction-ready", subject to completion of project financing. "We continue to engage with a number of potential financing partners and remain encouraged by the level of interest in the project," says Chief Executive Stephen Birrell. At its Tesoro concession, around 46 tonnes of mineralised vein material have been extracted and stockpiled during recent underground development activities. Meanwhile, says recent geological programme comprising 186 channel samples has confirmed its structural model and has identified multiple high-grade shoots across the Tesoro and Tesoro 1 vein systems. Says this reinforce the structurally controlled and locally discontinuous nature of mineralisation.
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Pineapple Power Corp PLC - cash shell with a focus on acquisitions in clean and renewable energy sectors - Consortium of private investors introduced by its broker, AlbR Capital Ltd, subscribe for GBP300,000 unsecured convertible loan notes and associated warrants. The group, made up of new and existing shareholders, is led by William Potts, who will subscribe for GBP145,000 of the CLNs, representing approximately 48.3% of the aggregate value. Proceeds are to strengthen Pineapple's balance sheet and provide working capital as it pursues a reverse takeover. Additionally, Nicholas Nelson joins the board as a non-executive director. Nelson has significant experience in UK PLC corporate finance and governance, and in reverse takeover transactions, company says. Nelson has subscribed for GBP20,000 of CLNs. A further GBP9,000 of CLNs are issued to satisfy a bridging loan made by Nelson.
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Cloudified Holdings Ltd - British Virgin Islands-incorporated shell company - Agrees heads of terms to acquire the entire issued share capital of PowerPlay Media and Entertainment Ltd by way of a reverse takeover. The GBP6 million transaction is expected to be completed in August 2026. The acquisition was introduced by Salonica Capital. Othman Shoukat, Cloudified's chair, owns Salonica. PowerPlay is held by a Salonica investment company. PowerPlay does not produce content itself, rather it commercialises established media IP through structured revenue-share or license fee arrangements. Cloudified says this offers high operating leverage and scalable margins. Management estimates that the revenue-share under signed contracts could generate USD11 million to USD12 million in the first year of commercialisation. A fundraising to support the working capital requirements of the enlarged group, to be led by Oberon Capital, is expected to launch shortly and to comprise a placing, subscription and retail offer.
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Unicorn Mineral Resources PLC - explorer for copper, lead, zinc and silver in Irish midlands - Announces the results of the 3D modelling of last year's gravity survey at the company's Kilmallock project. Says five pronounced anomalies are discrete features that lie in areas with prospective geology and structure and controlled by the significant northwest-southeast faults. "These five features may be caused by alteration or possibly massive sulphide mineralisation, but the very obvious association with mapped and well constrained faulting is highly encouraging," Unicorn says. Additionally, says the elongated northwest-southeast trending anomaly to the south of Bulgaden "seems to be controlled by the major northwest striking faults and has not been tested by drilling to date. Accordingly, the mineralisation intersected to date in this area could be a distal satellite of a more extensive mineralisation related to the density high." Notes a potential anomalous response to the east, but it is located at the edge of the surveyed area and cannot be confirmed yet. The geophysicist recommends that the gravity survey needs to be extended to the east towards Ballywire, and to the south across the immediate Supra-Waulsortian, to enable a more robust and comprehensive density model before a targeted drilling programme. Unicorn has engaged BRG (Geotechnics) Ltd to carry out a 340 station gravity survey across the Kilmallock Block designed to increase data density to one station per 200 metres across the most prospective regions.
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Lift Global Ventures PLC - Financial media and energy sector focused investor - Completes a share-for-share exchange with Yorkshire AI Labs LLP, acquiring 35,178 shares, 2.18%, in FourJaw Manufacturing Analytics Ltd for GBP150,000. This is satisfied through the issue of 10.0 million shares at 1.5 pence each. FourJaw is a UK scale-up applying cutting edge technologies, AI and machine learning to factories. Says the investment "further advances Lift's strategy of building a global centre for applied AI innovation alongside Yorkshire AI Labs LLP".
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By Aidan Lane, Alliance News reporter
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Related Shares:
Talon ResourcesTalisman MetalsNativo ResourcesPineapple PowerCloudified Holdings LimitedUnicorn Mineral Resources