15th Dec 2025 15:27
(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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Mkango Resources Ltd - Vancouver, Canada-based company focused on production of recycled rare earth magnets, alloys and oxides - Says subsidiary HyProMag USA improves the valuation and economics of its expanded Dallas–Fort Worth rare-earth magnet recycling plant and begins a strategic review to explore a potential US listing in late 2026 or early 2027. HyProMag USA increases planned magnet production capacity at the Texas Hub to 941 tonnes per year of recycled NdFeB magnets, plus 611 tonnes of co-products, following completion of detailed engineering and a class 2 AACE capital cost estimate. The update lifts post-tax net present value to USD780 million at forecast prices, or USD409 million at current prices, with real internal rates of return of around 39% and 28% respectively. The project carries an upfront capital cost of around USD142 million, a one-year construction timeline and a payback period of between 2.2 and 3.1 years, depending on pricing assumptions. Operating costs are forecast at USD22.3 per kilogram of NdFeB product, well below current market prices.
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eEnergy Group PLC - London-based net zero energy services provider - Reports "strong demand" but timing-related "slippage" in 2025 revenue. The net zero energy services provider now expects 2026 revenue of around GBP34 million, upgraded by about 13% from GBP30 million, with adjusted Ebitda forecast at GBP4.5 million, also upgraded by 13% from GBP4.0 million. It anticipates first-half 2026 revenue of about GBP20 million, benefiting from contracts delayed from late 2025 and a record contracted order book of GBP10.5 million, up from GBP7.0 million in January 2025. For 2025, eEnergy expects revenue of GBP23 million to GBP24 million, down from GBP25.1 million in 2024, reflecting installation delays, while adjusted Ebitda is seen rising to GBP1.5 million–GBP1.9 million from GBP600,000 last year.
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Kavango Resources PLC - London-based, South Africa-focused metals explorer and gold producer - Says that it is evaluating strategic options in relation to its Kalahari copper belt mineral portfolio in Botswana. "This process is at an early stage and there is no certainty that it will result in a transaction, nor on the terms or timing of any potential deal," it adds. The KCB portfolio comprises a contiguous 6,200 kilometre squared licence position. Diamond drilling at the Karakubis prospect has already intersected copper mineralisation in all seven initial drill holes, and evidence of significant hydrothermal alteration. Regional geophysics and structural interpretation indicate favourable folding.
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Lendinvest PLC - London-based non-bank mortgage lender - Launches new long-term development GBP175 million finance funding partnership with AB CarVal and HSBC Holdings PLC. The deal evolves LendInvest's existing institutional development finance funding into a larger, more flexible vehicle capable of supporting a greater number of small and medium-sized developers and a broader range of project types, the company explains. The finance platform has already financed more than 700 projects, and the new funding significantly extends this capacity. It is targeted at the smaller end of the market: development loans typically between GBP1 million and GBP5 million, where traditional lenders often lack appetite and alternative lenders struggle to scale. "AB CarVal brings deep expertise and significant firepower; HSBC brings the institutional strength and continuity that has underpinned our success to date. Both bring a deep history of supporting SME developers," says Hugo Davies, chief capital officer and managing director of Mortgages at LendInvest.
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Aterian PLC - London-based critical mineral exploration and development company focused on Africa -
Announces that it has been granted a new prospecting licence within the "highly prospective" Kalahari copper belt in Botswana. The newly awarded licence is strategically located adjacent to exploration licences held by Sandfire Resources, a copper producer in the region, Aterian says. "This is a highly accretive licence award for Aterian. Securing this ground in the Kalahari copper belt significantly enhances the strategic and geological quality of our Botswana portfolio," comments Chair Charles Bray.
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Physiomics PLC - Oxfordshire, England-based mathematical modelling for the development of new therapeutics and personalised medicines - Announces a follow on contract with an existing UK based-client. The new project builds on the contract award announced in May, under which Physiomics assisted its client in developing a population pharmacokinetic model to inform the design of a phase 2 clinical study for a small molecule therapeutic targeting rheumatoid arthritis. The latest contract reflects a continued commitment to support the project throughout the execution of the phase 2 study. The project is not anticipated to commence until 2027, is expected to run for six months and has a value between GBP116,000 and GBP169,000. Chief Executive Peter Sargent comments: "We are thrilled to have been awarded this new contract and to have the opportunity to continue supporting our client through their phase 2 trial."
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Petards Group PLC - Guildford, England-based security, communication and surveillance systems developer - Subsidiary Petards Joyce-Loebl receives an order worth GBP650,000 from BAE Systems PLC. Delivery of the full order is scheduled to be completed during 2026. Chair Raschid Abdullah says: "We are very pleased that BAE has selected Petards to meet the requirements of its customers in keeping their critical military assets operational, and the personnel that support and operate them safe.
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Cadence Minerals PLC - investment and development company - Confirms that DEV Mineracao SA, the owner and operator of the Amapa Project, has executed and completed the first payment under a legal agreement resolving a long-standing municipal legacy matter. This materially improves the operating environment for the project, Cadence says. "The settlement removes historic municipal impediments, lifts ore transport restrictions and improves administrative clarity for routine permitting," Cadence explains. With municipal matters resolved, this allows for continued progression through Brazil's statutory licensing process, subject to technical and regulatory review.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
eEnergy GroupMkango ResourcesKavango ResourcesLendinvestAterian PlcPhysiomicsPetardsCadence MineralBAE Systems