17th Mar 2026 18:24
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Panther Metals PLC - exploration company focused on mineral projects in Canada - Says first batch of Vibracore sample assay results for the Winston Tailings Project near Schreiber, Ontario, Canada exceeds the 2025 preliminary assay results reported in July. The sampling is in support of the mineral resource estimate programme at the site. Chief Executive Officer Darren Hazelwood says: "The continuity of mineralisation and grade we are seeing gives us increasing confidence in the underlying potential of the project. Historical mining records from the Winston Lake Mine indicate the deposit was characterised by a very uniform distribution of mineralisation, and while our current results remain early-stage, we are already seeing encouraging signs that this pattern is being mirrored in the tailings. For us, that consistency is extremely important. An even spread of mineralisation supports the potential for predictable processing and scalable production, which is exactly what you want to see when developing a strong production story."
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ImmuPharma PLC - London-based specialist drug discovery and development company - Raises GBP6 million via a subscription with up to a further GBP1.5 million to be offered through a retail offering. The fundraising is at 6.0 pence per share. Net proceeds will be used to accelerate development of the Kapiglucagon programme in Type 1 diabetes. "Kapiglucagon is one of the earlier‑stage development programs, we have previously alluded to, as a potential high‑quality asset in our portfolio. Securing this funding, we expect it to deliver a strong stream of positive news flow over the next two years, as we advance it rapidly through its next stages of development," says Chief Executive Officer Tim McCarthy.
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Atlantic Lithium Ltd - Sydney-based lithium exploration company - Secures funding worth up to USD16.4 million. Group of Ghanaian pension funds subscribes for 25.4 million shares, at USD0.197 each, totalling USD5.0 million. Also issues milestone-linked warrants to the group at exercise price of up to USD0.296, totalling USD6.0 million. Additionally, Long State Investments Ltd will undertake a third placement under its existing agreement, raising an additional USD5.4 million. Proceeds will be used to support the advancement of its flagship Ewoyaa lithium project in Ghana towards production. "The interest of the Ghanaian Investors in Atlantic Lithium reflects a broader desire in Ghana to see the country deliver upon its critical mineral promises and diversify its revenue stream beyond its existing portfolio, which is centred on gold," says Chief Executive Officer Keith Muller.
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Strategic Minerals PLC - London-based mineral producer - Subsidiary, Cornwall Resources Ltd signs drilling contract with Priority Drilling UK Ltd to begin a resource infill drilling campaign as part of the prefeasibility study programme at its wholly owned Redmoor tungsten-tin-copper Project in southeast Cornwall. Drilling is fully funded through the GBP4 million placing completed in January. The programme will begin with one drill rig, which has already arrived at Redmoor, and will commence following the completion of site preparatory works. The initial drill pads will be those permitted as part of the 2025 programme. A planning permission application for additional pads and the expansion of drilling operations is expected to be submitted in early April. "CRL has a positive track record in securing permissions for drilling operations and works closely with local stakeholders and the planning authority to ensure the route to planning approval and the effectiveness of the drilling operations," company says.
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Thor Energy PLC - exploration company with prospective projects in Australia and the US - Announces the "successful, safe and on-budget" completion of the phase-2 Geochemistry survey at its 80.2%-owned HY-Range natural hydrogen exploration project. The survey builds on the results and techniques developed during the phase 1 survey in May. Says that survey recorded "highly elevated natural hydrogen up to 3,000 parts per million, or approximately 6,000 times the normal background value, along with helium anomalies." Preliminary analysis of the data is underway. Thor expects to publish results in the coming weeks.
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Litigation Capital Management Ltd - asset manager focused on dispute financing - Australian Court delivers judgment in an unspecified commercial litigation claim funded by the company. The court rules against LCM's funded party, which it supported with AUD1.4 million in shareholder invested capital. Comments: "A policy of [after-the-event] insurance is in place to protect against adverse costs risk. LCM is currently reviewing the judgment and assessing potential next steps alongside the funded party and legal representatives."
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Aquila Energy Efficiency Trust PLC - closed-ended investment company focusing on small to medium-sized energy efficiency projects - Completes EUR26 million disposal of its Greek asset, Desfina. Plans to make a second capital distribution of EUR20 million to shareholders under its B share scheme. This follows the return in January of EUR34 million.
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Goldstone Resources Ltd - Ghana-focused gold explorer - Agrees to acquire a 50% interest in Sierra Leone incorporated gold exploration company Mincorp (SL) Ltd through a subscription totalling GBP600,000. The deal is funded with proceeds of the recently completed equity fundraising. Mincorp interests include a small-scale artisanal gold operation and a highly prospective exploration ground in the Eastern Province of Sierra Leone. The project is adjacent to the Boamahun Gold Mine, estimated to contain 5.8 million ounces, "placing the licence within a well-endowed and proven gold belt," Goldstone says, adding that the project offers "a compelling combination of near-term production potential." Goldstone plans to fund the to fund the commissioning of mining and processing equipment and targets an initial production of 2 kilograms of gold per month. "A phased approach has been designed to generate early operational cashflow while providing a platform to advance systematic exploration across the broader licence area in Sierra Leone...The board believes the scale of the prospective corridor provides material exploration upside alongside the initial small-scale production base," company adds.
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By Aidan Lane, Alliance News reporter
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Related Shares:
Panther MetalsImmupharmaAtlantic LithiumStrategic MineralsLitigation Cap.Thor EnergyAquila EnGoldstone Resources