1st Jun 2026 19:17
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Amcomri Group PLC - London-based specialist engineering services and industrial manufacturing firm - Subsidiary GridCore Electrical Services Ltd completes acquisition of assets of electricity generator SSE PLC's subsidiary Enerveo. The acquisition includes the business and assets of the National Compliance and Testing division of Enerveo's Infrastructure Solutions business. Back in March, Amcomri said GridCore will pay a nominal sum for the acquisition which provides it with an established, UK-wide specialist test and compliance operation. The purchase opens up the opportunity for it to expand its activities in the private network electrical infrastructure market, it said at the time, adding that the National Compliance and Testing division has an "established long standing customer base" with "significant" recurring revenue.
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First Class Metals PLC - Ontario, Canada-focused gold and critical metals explorer - Completed all obligations under the Zigzag option agreement sign with Nuinsco Resources Ltd in March 2023. Consequently, FCM obtains an 80% interest in the Zigzag Lithium-Critical Minerals Project at the highly prospective Seymour-Falcon pegmatite corridor in northwestern Ontario. Zigzag now transitions to a joint venture between FCM and Nuinsco, which retains a 20% interest.
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Medpal AI PLC - London-based digital health and AI company - Updates on its wholly-owned pharmacy operations. Dispenses a record 42,250 prescription items in May 2026, "reflecting underlying momentum in patient demand." Brings total prescription items dispensed since launch to over 250,000. Based on May dispensing volume, pharmacy operations are now trading at an annualised turnover run rate in excess of GBP5 million. Chief Executive Officer Jason Drummond says: "To reach this scale in such a short period is a powerful validation of our automated, technology-led model - which, as our interim results showed, is delivering pharmacy gross margins of over 34% as we grow. We have built this momentum from a standing start, and with significant capacity still available across our dispensing operations, the Board sees a clear runway for continued, profitable growth."
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Bluebird Mining Ventures Ltd - British Virgin Islands-based gold streaming, mining and treasury company - Signs share purchase agreement with 1575275 BC Ltd, a newly formed company incorporated in British Columbia founded by Latika Prasad, a mining executive based in Vancouver. Under the SPA, 1575275 assumes direct ownership of Bluebird's South Korean mining interests and responsibility for all future funding, associated liabilities and obligations relating to the assets. BMV transfers the assets to 1575275 B.C. Ltd. for a nominal consideration and will retain a 2.5% net smelter return from both South Korean projects, Gubong and Kochang. 1575275 BC has the right to buy-out the royalties for USD2.5 million at each project. Bluebird notes the assets currently lack a JORC-compliant mineral resource estimate or production approvals. "Whilst the geology remains attractive, BMV considers the assets to be at an early-stage of development and carrying exploration risk," it says. Adds: "The board believes restructuring the South Korean gold interests, while retaining exposure through a royalty, better aligns the company with its strategic focus and materially simplifies its structure, reducing future administrative and audit complexity."
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Cobra Resources PLC - South Australian mineral exploration and development company - Fully funded diamond drilling programme commences at its Manna Hill Copper Project. "The programme has been designed to test for scale extensions to the shallow, high-grade copper-gold mineralisation recently defined at the Blue Rose Discovery, while also evaluating the potential for a deeper intrusive-related porphyry copper system," company says. Rupert Verco, managing director says: "The commencement of diamond drilling at Manna Hill marks an important next step in advancing what we believe is one of the most compelling, underexplored copper systems in South Australia. Our recent RC drilling confirmed broad zones of shallow, high-grade copper-gold mineralisation at Blue Rose, while also identifying geological characteristics consistent with a larger intrusive-driven mineral system. This diamond programme is specifically designed to test for depth continuity to the high-grade skarn mineralisation and to evaluate the potential for a deeper porphyry source."
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Aterian PLC - minerals exploration and trading in Africa, including copper-silver projects in Morocco and Botswana and an exploration licence in Rwanda - Completes joint venture agreement with Lithosquare SAS. Says this secures third-party exploration funding and establishes a technology-driven strategic partnership designed to accelerate exploration success and shareholder value creation across selected projects in Botswana and Morocco. "The partnership combines Aterian's extensive African critical minerals portfolio with Lithosquare's proprietary geological analytics and AI-driven technologies to accelerate drill target generation, improve exploration efficiency and rapidly advance projects toward potential discovery," Aterian adds. Under the revised agreement, Lithosquare is to invest EUR1.0 million in 2026 into nine selected projects and, subject to completion of investment obligations, will earn an initial 15% participating interest and associated net smelter return royalty interests in the projects. Additional equity and NSR interests may be achieved following the teams hitting agreed milestones."Importantly, the agreement provides non-dilutive exploration funding across priority assets whilst preserving Aterian's significant exposure to exploration upside and future project value creation," Aterian says.
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Amigo Resources PLC - targets gold and rare earth minerals in Africa, specifically Tanzania and Mauritania - Enters into subscription agreements with existing and new investors to raise total gross proceeds of GBP3.1 million. The subscription comprises the issue of 139.7 million new ordinary shares of at an issue price of 2.2 pence per subscription share. The issue price represents a discount of 20% to the closing mid-market price of 2.75 pence on May 29. Additionally, the issue price represents a 633.33% premium to the 0.3 pence per share conversion price at which the company's GBP1.5 million mandatory convertible loan notes were conditionally issued in November 2025. Proceeds are to provide Amigo with general working capital and support a potential initial reverse transaction likely to be within the mining sector, company says. While Amigo believes that the pricing of the subscription is in the best interest of both the company and shareholders, says "shareholders have not specifically approved the terms of the offer or placing at that discount." "Securing immediate capital certainty from committed partners allows the company to maintain its robust trajectory in Africa while validating the value-accretion achieved since the transition into the mining sector began," it adds.
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Caledonian Holdings PLC - Bingley, England-based investment company focused on financial services - Completes acquisition of Aspire Commerce Group Ltd. Under the terms of the acquisition, Caledonian acquires Aspire for a nominal cash consideration implying an enterprise value of GBP9.33 million. Aspire is a payments, foreign exchange and trade finance business operating through Aspire Lending Ltd and Aspire Payments Ltd. Aspire Payments Ltd is authorised and regulated by the Financial Conduct Authority as a Small Electronic Money Institution.
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ProBiotix Health PLC - Wakefield, England-based life sciences firm - Announce new partnership agreement with Slovakia based iProbio. Under the agreement, ProBiotix secures a commercial cooperation with iProbio to supply its patented probiotic strain LPLDL for a new cardiometabolic health food supplement branded as CARDIObiom+. The product has been developed by iProbio consumer brand of PerBiotiX sro. "The new product will initially be distributed in Slovakia through iProbio's direct e-commerce channel, with further distribution spanning pharmacies, health food stores, and partner retailers. ProBiotix will supply its active ingredient LPLDL® whereupon iProbio will be responsible for manufacturing, packaging and branding of the product. Further expansion beyond Slovakia is expected in the Czech Republic and in additional Central European markets." company says.
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By Aidan Lane, Alliance News reporter
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AmcomriFirst Class Metals PLCMedpal AIBluebird Mining VenturesCobra ResourcesAterian PlcAmigo ResourcesCaledonian Hold