23rd Mar 2026 17:34
(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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Hamak Strategy Ltd - Africa-focused gold exploration firm and digital asset treasury manager - Signs contract with Deeprock (GH) Ltd to undertake an initial 4,125-metre reverse circulation drill programme at the Akoko oxide gold project in southwest Ghana. The planned drilling comprises around 72 holes angled at 50-degrees to a maximum depth of 80 metres, targeting the oxide gold mineralized zone that was delineated from past programmes. Hamak plans to infill and "potentially expand" the current non-JORC mineral resource estimate of over 250,000 ounces to deliver a maiden independent JORC compliant MRE. "Our objective is to deliver the [preliminary economic assessment] this year to assist our decision on exercising our exclusive option to acquire Akoko," Chief Executive Officer Karl Smithson says. The acquisition comprises USD1.9 million in cash and GBP1 million in Hamak shares, which will equate to around USD10 per ounce of gold based on the current non-JORC resource. "We believe that the Akoko oxide gold project represents a potential deep value opportunity for Hamak and we are hopeful our proposed exploration programmes will deliver positive results and unlock significant value for Hamak shareholders," CEO Smithson adds.
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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 - Rwanda subsidiary Eastinco Ltd begins trading and export operations under its joint venture with London-based metals trading group Wogen Resources Ltd. "The JV is a fully funded, scalable and traceable tantalum trading platform with material being sourced, processed, and transacted in accordance with the updated commercial framework. This has enabled Eastinco to significantly increase trading volumes, capture downstream trading margins, and accelerate cash flow generation, while maintaining full compliance with international responsible sourcing and traceability standards," Aterian says. Additionally, Aterian notes the recent surge in Tantalum ore prices. "This sharp appreciation reflects a tightening supply environment combined with accelerating demand from advanced electronics, military, AI infrastructure, and high-performance manufacturing sectors...In this context, Eastinco has benefited from both the increased trading activity and enhanced margin opportunities as it broadens its procurement network within a disciplined traceability framework," the company adds.
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Metals One PLC - London-based metals exploration and development company - Subscribes for up to USD1.8 million of convertible loan notes in Lions Bay Resources Pty Ltd and advances the full amount to facilitate LBR's USD1.36 million acquisition of a cogeneration plant at the Karbochem Industrial Park in Newcastle, South Africa. Upon the acquisition, Metals One plans to convert the CLN into LBR shares, bringing Metals One's stake in LBR to 30%. Says pending confirmatory research and studies, the plant may be reconfigured to include a gold concentrate roasting complex, "an alternative solution to exporting gold-bearing concentrate from South Africa to Asian smelters for a significant discount to the value of the contained gold." Additionally, LBR signs an agreement with a business rescue practitioner to acquire the assets of Vantage Goldfields Group. "The Vantage acquisition could provide all the necessary gold-bearing concentrate feed (having historically produced such concentrates) for LBR's gold roaster project in Newcastle, should LBR decide to reconfigure the plant to include a gold concentrate roasting complex," Metals One says. LBR is also considering the possibility that the plant could feed power into the grid in Newcastle which would become available for use at the Vantage mines. Finally, increases its loan facility to Lions Bay Capital Inc by CAD6 million to CAD10.0 million. The funds will be applied by LBI towards LBR's Vantage acquisition plan and for general working capital. The additional loan will be funded from existing cash resources.
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Public Policy Holding Co Inc - Washington, DC-based group of advisory firms specialising in government affairs and public relations - Signs binding agreement for the acquisition of UK public affairs and economics consultancy Westminster Policy Partners Ltd. WPI Strategy will become part of Pagefield Group, PPHC's London‑based strategic communications subsidiary. Closing is expected on or around April 1.WPI Strategy generated around GBP2.45 million in revenue over the 12 months to January. CEO Stewart Hall says: "This acquisition exemplifies our disciplined approach to growth. We are adding a meaningful, differentiated capability that strengthens our ability to combine economic evidence, policy advocacy and strategic communications to benefit our clients. Following our Nasdaq listing, our intention remains to deploy capital in a focused and accretive manner. This transaction is a perfect example of that strategy in action."
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Cordel Group PLC - London-based transport corridor analytics platform - Announces the V3 upgrade of its flagship "Cordel Connect" platform. "The V3 release marks a significant evolution of Cordel's multi-modal AI engine. By simultaneously processing video and 3D point cloud data, the platform now automatically detects, classifies, and measures a wider range of trackside assets. This expansion beyond Positive Train Control significantly increases Cordel's total addressable market within the global rail sector," company says. V3 also introduces Starlink satellite backhaul. "This allows for the daily transfer of up to 100 gigabytes of inspection data from remote corridors, bypassing the limitations of local mobile networks and ensuring rapid 'capture-to-insight' turnaround times globally," company adds.
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Triple Point Venture VCT PLC - investor in early-stage small and medium-sized enterprises - Resolves to utilise a further GBP10 million of the GBP35 million over-allotment facility in relation to its offer for subscription, increasing the total amount that can be raised under the offer to GBP40 million. Intends to close the offer following the final allotment on April 11 for subscriptions in the 2026/2027 tax year. This is earlier than the previous deadline of July 31. Adds that it may close the offer earlier if the over-allotment facility is fully subscribed prior to April 11 date or otherwise at the board's discretion.
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Predator Oil & Gas Holdings PLC - Morocco and Trinidad-focused oil and gas company - Cumulative gross oil sales for February total USD337,071, with March sales expected to be 25% to 35% higher. During February, drills and completes new development wells in the Bonasse field, BON-18 and 19, which are online and producing. Six offline wells in the Inniss-Trinity and Goudron fields have been brought back on production. CEO Paul Griffiths says: "We continue to focus on development drilling activity in Trinidad and enhancing production to capture increased sales revenues during the current spike in oil prices. Increased sales revenues and profits allows us to bring forward the utilisation of legacy tax losses to reduce our petroleum profit tax to an effective rate of 12.5%."
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Smarter Web Co PLC - Bristol, England-based website design agency - Appoints Jamie Knowles as Head of Capital Markets, effective immediately. Experience includes equity sales trading at Bank of America, Credit Suisse and JPMorgan. Knowles was most recently chief commercial officer at DS3 Crypto, a specialist digital asset consultancy. "In this role, Jamie will lead the Company's capital markets strategy, with responsibility for developing strategic relationships, enhancing communication strategies with the investment community and supporting the continued growth of the company's shareholder base," Smarter Web says.
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Naked Wines PLC - Norwich, England-based online wine seller - Launches share buyback worth up to GBP 1 million via reverse accelerated bookbuild. This follows the GBP1 million buyback completed in earlier this month. "It reflects the board's view that shares will be purchased at prices well below their intrinsic value, thereby increasing intrinsic value per share for all remaining shareholders," the company says. Restates aim to return to shareholders of up to 50% of adjusted Ebitda excluding inventory liquidation costs or the increase in net cash (excluding shareholder distributions), whichever is lower.
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By Aidan Lane, Alliance News reporter
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Related Shares:
Hamak StrategyAterian PlcMetals OnePublic PolicyCordel GroupTriple Point VePredator OilThe Smarter WebNaked Wine