21st Jan 2026 20:27
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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GENinCode PLC - Oxford-based genetic testing company, focused on cardiovascular disease and ovarian cancer prevention - Intends to raise GBP3.5 million via a placing to new and existing institutional investors, and a subscription, both at 1 pence per share. The placing, which plans to raise GBP2.6 million, will be conducted by way of an accelerated bookbuild undertaken by Cavendish Capital Markets Ltd, Oberon Capital, a trading name of Oberon Investments Ltd, and Turner Pope Investments (TPI) Ltd acting as joint bookrunners. The subscription to significant shareholder Nestor Oller and certain directors will raise GBP900,000. In addition, GENinCode seeks to raise GBP500,000 via a retail offer. Proceeds will be used to fund its US commercialisation and scale-up program, its EU and UK expansion program and the costs of the fundraising and general working capital.
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Alien Metals Ltd - precious and base metals explorer focused on Australia - Notes shareholders of proposed joint venture partner, GreenTech Metals Ltd, approve the acquisition of a 70% interest in the Munni Munni platinum-palladium-copper-nickel project. GreenTech and Alien are progressing the final administrative processes to enable conclusion of the deal, and a further announcement will be made in due course.
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European Metals Holdings Ltd - developing Cinovec lithium project in Czech Republic - Receives firm commitments for a placement to raise AUD3.5 million at AUD0.32 per share to high net worth and institutional clients of Barclay Wells and Zeus Capital. Proceeds will be applied towards ongoing development of the Cinovec lithium project and general working capital. Executive Chair Keith Coughlan says: "European Metals looks forward to updating the market on progress following the release of the company's compelling Definitive Feasibility Study, with discussions advancing for the progression of project financing with additional grant funding, commercial lenders and potential strategic partners, moving toward the completion of off-take agreements."
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Valereum PLC - Manchester, England-based digital asset infrastructure firm - Signs share subscription agreement with Quorium Global Photonics SPC acting on behalf of and for Valereum Quorium Global Photonics SPC, a segregated portfolio company of QGP. The transaction "materially strengthens" the company's balance sheet, delivers immediate recurring income, and "positions Valereum as a cash-flow positive, asset-backed financial technology platform." Chief Executive Gary Cottle says: "Today marks a fundamental turning point for Valereum. With this transaction, we're not just announcing a deal; we are activating an engine for growth. We have strategically swapped 49.9% of our company for USD200 million of fully verified asset backed notes, as well as USD79.5 million of cash (USD15.9 million for 5 years). This transforms our financial foundation overnight." QGP commits to being a "long-term partner and strategic investor" and subscribes for 243.5 million share in Valereum, with the company receiving USD200 million of medium term notes in return. In addition, Valereum will receive contracted income equivalent to USD15.9 million per annum for the next 5 years. The agreement includes a provision for QGP to provide the company with up to a USD1 billion facility to support future growth initiatives and operational expansion.
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Landore Resources Ltd - North America-focused precious, base and battery metal exploration and development company - Announces that, further to the announcement earlier in January, work to finalise the mineral resource estimates for its BAM gold project and the B4-7 and VW deposits is nearing completion and the company expects to be in a position to publish the updated MRE by the end of this week. Trading in the company's ordinary shares on AIM will remain suspended pending publication of the updated MRE.
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Sintana Energy Inc - Calgary, Alberta-registered oil explorer in Namibia and Uruguay - Enters into a letter of intent providing for a period of exclusivity in relation to an investment providing for an indirect interest in PEL 37 in the Walvis Basin, offshore Namibia. PEL 37 is currently held 100% and operated by Paragon Oil and Gas Pty Ltd, a local Namibian company. The LOI provides Sintana with a period of exclusivity, initially through to the end of April, to undertake technical, commercial and legal due diligence on Paragon and PEL 37, and to negotiate appropriate terms and documentation for contribution of capital by Sintana to enable work obligations to be satisfied, and which would result in Sintana becoming a shareholder of Paragon and thus an indirect holder of an interest in PEL 37. Sintana will pay a deposit of USD1 million to secure the exclusivity, of which one third is non-refundable in the event that Sintana, for any reason, elects not to proceed. "PEL 37 is immediately adjacent to PEL 82, where we already have an interest and where an initial exploration well is expected over the coming quarters. Investing for a material stake in PEL 37 would thus afford additional optionality associated with upcoming activity in our existing portfolio," notes Chief Executive Robert Bose.
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Andrada Mining Ltd - tin and tantalum producer in Namibia - Announces a partnership, by way of a conditional, staged earn-in agreement up to 49% between its wholly owned subsidiary Andrada Investments (Mauritius) Ltd and ACAM LP through its affiliate BWCAM Ltd. Under the agreement, BWCAM could provide up to USD51 million in staged funding to accelerate the exploration and development of the Brandberg West polymetallic prospecting licence. BW is held by Grace Timon Investments (Proprietary) Ltd, a wholly owned subsidiary of AIML.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
GenincodeAlien MetalsEuropean Metals HoldingsLandoreSintana EnergyBeowulf