8th Sep 2025 21:39
(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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Geo Exploration Ltd - Australia-based oil and gas exploration company focused on Africa and the Mediterranean - Raises GBP1.1 million via placing at 0.4 pence per share. Says the fundraise saw strong participation from institutional, family offices and high-net-worth investors. CMC Markets UK PLC, trading as CMC CapX, acts as the sole placing agent. Proceeds will be used for ongoing operations costs, which excludes the funds already allocated for the maiden drill campaign at Juno Project.
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Technology Minerals PLC - London-based company that aims to create a circular economy for battery metals - Provides business update ahead of its general meeting on Monday. Says has identified potential multi-commodity targets including rare earths at 100%-owned Cameroon project. In addition, its 48.35% owned battery recycling business, Recyclus, achieves first monthly positive cash flow in July 2025, "a key milestone in operational sustainability". Says Recyclus delivers "substantial" year-on-year revenue growth in 2024 to 2025, reflecting an expanding client base and commencement of sale of black mass.
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Mercantile Ports & Logistics Ltd - India-focused developer of a port and logistics facility - Provides an update regarding its loan facility. MPL has been seeking to refinance its existing facility, which was entered into in 2014 with a consortium of banks. On Monday, it says it has reached agreement with the consortium for a one-time settlement at a discount to the outstanding amount. Since the settlement was for a reduced amount, the settlement process involves the bank consortium carrying out a value confirmation exercise, which was completed in July. However, MPL says it has received sanction letters for the amended amount from two of the three banks, but not from the third. Therefore, it has not been possible to complete the settlement process. Urgently seeks to understand the detail behind the current position. In the meantime, major stakeholders have confirmed to the board their continued support of the company.
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URU Metals Ltd - mineral exploration & development company - Reports positive results from the independent interpretation of its high-power SpectremPlus airborne electromagnetic survey over the Zeb nickel project, Limpopo, South Africa. Richard Montjoie, vice president, Exploration, says the results further support "our intrusion-hosted chonolith/feeder model at Zeb. The conductive zones cluster along intrusive margins and align with magnetic and gravity shells, which is consistent with where our model anticipates potential sulphide traps. Our next step is to apply targeted ground geophysics to refine geometry and conductance, reduce false positives, and position any initial drill holes with greater confidence." In addition, raises GBP500,000 via placing at 2.8 pence per share.
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Zenova Group PLC - Essex-based fire suppression and interdiction solutions company - Receives order for 9,483 Zenova FX500 fire extinguishers worth GBP100,000 from a new distribution partner in the Czech and Slovak Republics. The order is booked and recognised as immediate revenue in September.
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Dar Global PLC - London-based luxury real estate developer - Signs agreement with Dar Al Arkan Real Estate Development Co to acquire land in Jeddah for the development of a luxury mixed-use project. Pays USD62 million cash for the site which spans around 28,800 square metres.
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Invinity Energy Systems PLC - London-based manufacturer of utility-grade energy storage systems - Launches Endurium Enterprise for general sale. The product is designed for commercial and industrial businesses looking to deploy on-site energy storage to deliver low-cost, low-carbon electricity on demand. "The significant demand we see in this market is further enhancing our entire team's confidence in our products and our technology, and highlights how stepping up to ever-more demanding customer challenges can unlock further long-term benefits for Invinity," company says.
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Marula Mining PLC - Africa-focused mining and development company - Says Kenyan-based subsidiary Muchai Mining Kenyan Ltd executes all loan documentation and satisfies all conditions for a structured debt facility for EUR6 million with a US-based investment banking group. The facility is for an initial term of one year and extendable for up to 5 years. The facility has been lead-arranged by Redstone Partners Ltd and administered by Weben Global Partners Ltd. In addition, confirms that negotiations with Mauritius Inc and African-focused investment funds have been advanced in respect to proposed investments in up to five of the company's battery and critical metals projects in East and Southern Africa. These funds are backed by a major Middle East based sovereign wealth fund. Investments of between USD7.5 million and USD10 million for each project have been proposed and accepted by the company.
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Mendell Helium PLC - Perth, Scotland-based helium producer - Provides an update on M3 Helium Corp's Rost 1-26 well in Fort Dodge, Kansas and the Jasper well in Nebraska. Mendell Helium has an option to acquire M3 Helium. Confirms that M3 Helium remains on track to commence de-watering of Rost this week. But says operations at the Jasper well have been more frustrating. The start of drilling coincides with wet weather which causes delays compounded by a faulty pump. The drilling team will return with repaired equipment and if necessary, a conductor will be inserted into the wellbore.
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First Development Resources PLC - Australia focused exploration company with mineral interests in Western Australia and Australia's Northern Territory - Announces that the phase I diamond drilling programme at the Wallal Project is underway. The drilling programme has been designed to test the Eastern magnetic bullseye anomaly identified at FDR's Wallal project in the Paterson Province of Western Australia.
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Vault Ventures PLC - technology development company focused on blockchain, AI, and augmented reality - Announces the forthcoming launch of vSignal.ai, the first product developed by its in-house technology arm, System7. The launch will mark an important milestone in the strategy to develop and commercialise proprietary technologies across AI, fintech, and blockchain.
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By Jeremy Cutler, Alliance News reporter
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GEO Exploration LimitedTech MineralsUru MetalsZenova GrpDar GlobalInvinity EnergyFirst Development Resources