19th Jun 2026 15:43
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Forgent PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels, and also has copper and gold assets - Announces the mobilisation of the drill rig to the company's Peak Hills gold-copper project in Western Australia. The initial phase 1 programme has been designed to test multiple high-priority targets across the Karalundi, Junction and Curleys prospects using low-cost aircore drilling. The programme will focus on validating historic exploration results, extending known mineralisation and identifying additional mineralised zones across the broader project area. The drilling programme of a planned approximate 42 aircore drill holes up to a depth of 100 metres, for around 2,860 total metres, is expected to start imminently and on schedule, and to take up to 3 weeks to complete. Initial results are expected to be received and reported in early August. Forgent currently holds a 51% interest in the project with the option to increase ownership to 99%.
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Redcentric PLC - Harrogate, North Yorkshire-based IT managed services provider - Announces a proposed tender offer worth up to GBP90 million, priced at 160 pence a share, together with a share capital restructure. The restructure is aimed at enabling an "efficient" exit of a large number of minority shareholders holding less than 20 shares, significantly reducing the administrative burden and cost. Subject to approval by shareholders, and after completion of the tender offer, Redcentric will undertake a 20 for 1 share consolidation immediately followed by a 1 for 20 sub-division. Chair Richard McGuire says the tender offer and share restructure demonstrate "our commitment to delivering value while simplifying the share register and reducing future costs."
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Atome PLC - Leeds, England-based green fertiliser project developer - Responding to recent share price movement, Atome confirms that discussions continue to progress with the Government of Paraguay and with ANDE, Paraguay's state-owned electricity supplier. Atome remains "actively engaged" with all relevant stakeholders and will provide a further market update as soon as discussions reach a definitive conclusion. The firm is working to satisfy conditions in respect of the Villeta project financing, which includes a power purchase agreement with ANDE.
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Amigo Resources PLC - targets gold and rare earth minerals in Africa, specifically Tanzania and Mauritania - Provides an operational update on the Kabete project in Tanzania. Commissioning and pilot-scale processing activities have commenced with around 1.1 kilograms of gold recovered. Royalties, inspection fees and statutory payments have been made in accordance with Tanzanian mining regulations. The first phase of advanced micro-seismic imaging has been completed over priority exploration targets, and three-dimensional subsurface modelling has identified multiple interpreted geological and structural anomalies, including a significant vertically extensive structural feature.
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Emmerson PLC - developer of the Khemisset potash mine in Morocco - Says the UK Intellectual Property Office has recently confirmed that Emmerson's patent application titled Processing of Evaporite Minerals (Application No. 2315003.0) has been granted patent status (Patent No. 2634094). This patent provides IP protection for the core Khemisset multi-mineral process. The KMP was primarily developed by Emmerson for use in the Khemisset potash project in Morocco, but it also has significant potential for application across a wider number of potash deposits globally. Through its advisors, Emmerson has filed a portfolio of patent applications intended to protect its intellectual property in those regions of greatest commercial interest.
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Frontier IP Group PLC - London-based company focused on commercialising intellectual property - Raises around GBP400,000 via a "significantly oversubscribed" retail offer at 12 pence per share. On Wednesday, Frontier said it had raised GBP3.9 million through a placing and GBP120,000 through a subscription at the same price. Intended uses for the proceeds include "near-term milestones and portfolio realisations," continued development of its SC2 facility, and "selectively" supporting portfolio companies.
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By Jeremy Cutler, Alliance News reporter
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ForgentRedcentricAtomeAmigo ResourcesEmmerson PlcFrontier Ip