20th Aug 2025 21:56
(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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Valereum PLC - Manchester, England-based technology for trading of tokenised assets - Enters into a non-binding memorandum of understanding with ZIGChain and DigiShares which intends to explore the development of a scalable, institutional-grade platform for real-world asset tokenisation and Web3 driven wealth management. The collaboration aims to drive institutional adoption of compliant RWA tokenisation, leveraging ZIGChain's blockchain and DigiShares' platform capabilities. It advances Valereum's strategic mission to accelerate the deployment of regulated tokenisation infrastructure and deliver long-term value for its shareholders, along with the various stakeholders of ZIGChain, DigiShares and VLRM Markets.
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Jangada Mines PLC - natural resources development company with interests in Brazil - Completes acquisition of initial 33.3% equity interest in Mtgold Mineracao Ltd, the owner of the Paranaita Gold Project, in Brazil's Alta Floresta - Juruena Gold Province. Following the acquisition, Jangada now assumes operatorship of the project. Chief Executive Paulo Misk comments: "I have recently returned from site and having reviewed the data and proposed work programme I am keen to get exploration activities underway in the near term. A separate update will be released shortly, but with an already identified 8km mineralised corridor, which houses 15 primary high grade gold targets (including a drilled intersection grading over 18 [grammes per tonne]), following our recent capital raise of GBP800,000 I believe we can unlock significant value in the short term in a highly cost-effective manner."
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Premier African Minerals Ltd - developer of RHA tungsten and Zulu lithium projects in Zimbabwe - Announces the completion of the original equipment manufacturer plant test run's second phase. Says outcomes were positive, "to the extent that the plant is now able to run continuously as intended and is now commissioned such that all plant components operate and are integrated and automated to support the ongoing optimisation necessary to continuously meet saleable concentrate grade". Says both the Zulu project and the OEM are "satisfied with the significant progress", and that the plant has achieved saleable concentrate of spodumene with grades up to 6.2% lithium oxide. Expects this to be "achieved consistently" due to the ongoing optimisation. "We are pleased with the progress made so far and remain focused on advancing Zulu from its current early stage to the diversified industrial minerals producer we believe it can become," says Chief Executive Officer George Roach. "The recent rise in spodumene pricing is encouraging, with the potential to transition Zulu from its current position to sustained profitability."
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Mast Energy Developments PLC - developer of reserve power generation plants - Provides progress update regarding its Hindlip 7.5 megawatt flexible generation power site which is fully funded in partnership with Powertree. Says the site property's long-term leasehold option is exercised and the long-term leasehold agreement exchanged and completed with full construction works planned to commence in September, with commercial operations date expected in the second quarter of 2026.
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Sovereign Metals Ltd - Malawi-focused mine explorer and developer - Reports "exceptional" first year results from the Kasiya test pit. Rehabilitation trials achieve 5 times crop yield improvement - demonstrating "superior" post-mining land productivity versus traditional farming. The "successful" trials address a key component of Kasiya's development pathway, demonstrating that post-mining land can achieve superior agricultural productivity compared to pre-mining conditions. Sovereign says this validates its progressive mining, back-filling and rehabilitation approach that will be integrated into the ongoing Definitive Feasibility Study.
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Bluebird Mining Ventures Ltd - British Virgin Islands-based gold development company - Names Denis Rusinovich as vice president of Finance and Operations to strengthen the company's leadership team in preparation of "rapid growth and expansion". Notes Denis has been active in bitcoin since 2017 and played a leading role in building some of the largest bitcoin mining companies in Europe, Middle East & Africa, overseeing more than 200 megawatts of installed capacity. In addition, Bluebird says it has been onboarded by Galaxy Digital, a global leader in digital assets, for trade execution. It has also been approved for its shares to list on the OTCQB market effective Wednesday.
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Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - In Greenland, says 2025 field programme successfully completed, meeting all key exploration objectives. Initial discussions being held with governmental agencies to explore funding and other support for the development of Motzfeldt. In Wales, notes a successful preparatory blast conducted in new phase of blasting in late July. Points out a recent periodic visit by HM Inspectorate of Mines identifies certain remedial works which need to be completed prior to the resumption of further blasting. "This comes with the territory of operating an existing mine, where health & safety is paramount," Alba says.
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Electric Guitar PLC - cash shell - Says the company's Company Voluntary Arrangement is now close to completion, awaiting only the final determination of claims by its statutory preferential creditors which is expected shortly. In addition, the proposed reverse takeover of the US energy company Dunbar Energy Inc, announced in July, is being actively progressed, with due diligence and other workstreams being undertaken.
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DCC PLC - Dublin-based sales, marketing, and support services provider - Receives approval of the High Court of Ireland for the reduction of the company's share capital by cancelling the entire amount of the share premium account as at March 31. The capital reduction will shortly become effective when the High Court order and minute are registered with the Companies Registration Office. The reserve resulting from this cancellation of share premium will be treated as profits available for distribution by the company.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Jangada MinesPremier African MineralsMast Energy.Sovereign MetalsBluebird Mining VenturesAlba Mineral ResourcesElectric GuitarDCC