11th Aug 2025 21:44
(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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Belluscura PLC - London-based medical device developer - Cancels loan note agreement with Omaha Value Inc, a private US-based merchant banking and investment group. Explains no funds have been received from Omaha since Belluscura signed a short-term secured convertible loan note to raise up to USD1.5 million. This is despite having requested from Omaha on several occasions draw down of the initial USD250,000 subscribed. In addition, signs a non-binding letter of intent with a US medical device company to sell certain assets and liabilities relating to its X-PLOR and DISCOV-R products, intellectual property, Shenzhen Belluscura Technology Co Ltd and regulatory and manufacturing registrations in US, China, Hong Kong and Singapore. Grants the potential acquirer a 15 day exclusivity period from Monday to undertake due diligence on the assets. Belluscura says ongoing funding discussions means that the company is not yet able to finalise the 2024 annual report and accounts and as a result trading in the shares remains suspended.
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Zanaga Iron Ore Company Ltd - iron ore exploration and development company - Provides update on improved project economics driven by high-grade DRI pellet feed product. Post tax net present value increases 37% to USD5.21 billion, internal rate of return rises to 26.7%, reflecting enhanced project returns. Free on board operating costs, including royalty, are expected to remain competitive at around USD27 per tonne.
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Valereum PLC - Manchester, England-based technology for trading of tokenised assets - Announces a GBP600,000 investment in Metrikus Software Ltd, a software company pioneering real-time building intelligence and smart infrastructure. The investment forms part of Valereum's wider strategy of supporting high-growth, data-rich businesses with scalable tokenisation opportunities and its previously announced strategy to increase its exposure to the global real estate ecosystem when investing in DigiShares. The investment will be made in multiple tranches, with the first tranche of GBP100,000 to be paid imminently. The remaining GBP500,000 will be paid in monthly instalments. Completion of the entire Investment is expected by June 2026. In addition, plans to raise up to GBP100,000 via a retail offer at 3.1 pence per share.
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World Chess PLC - London-based chess promoter and tournament organiser - Announces a strategic partnership with TipRanks, the global investment research platform aimed at retail investors. The move marks the official entry of TipRanks into global chess. The partnership introduces TipRanks as a featured presence across World Chess's TV broadcasts, digital ecosystem, and tournament coverage. It includes branded content during online events, integration into worldchess.com and original editorial and educational segments tailored to chess audiences.
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CleanTech Lithium PLC - Jersey-based lithium exploration company, focused on Chile - Raises GBP4.3 through a placing at 5 pence per share. The placing represents around 46% of the company's enlarged share capital. The placing shares will carry a warrant entitlement of one warrant for every placing share. Says 95% of the placing shares were placed with current institutional long-term investors, existing shareholders, a new strategic investor and some new institutional investors. In addition, plans to raise GBP250,000 via retail offer at the same price. Says Athos Capital Ltd, an existing shareholder, subscribes for 32 million shares, taking its stake to 8.6%. Additionally, Metals One PLC, a minerals exploration and development company with key interests in uranium and gold projects, makes a strategic investment of GBP1 million into CleanTech Lithium. Metals One holds an 11% stake in the firm as a result. "We are delighted to see the return of existing shareholders and welcome new shareholders who have shown, despite difficult market conditions, their confidence in the company as we develop responsibly sourced lithium in Chile via Direct Lithium Extraction," says Executive Chair Steve Kesler. "The new funds will provide the finance to acquire the Minergy Licences and working capital for the group with our sole focus on completing the necessary workstreams on Laguna Verde to progress towards CEOL award," he adds. Fund raise helps fund planned acquisition of 30 additional licences at Laguna Verde, announced Friday. Calls the acquisition of the licences "a pivotal step in the de-risking and advancement of the Laguna Verde Project." "It increases our licence control within the Government CEOL reference polygon to 97.63%, giving us a clearer pathway to seek a streamlined CEOL approval," company says.
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Coro Energy PLC - South East Asian energy company with a natural gas and clean energy portfolio - Raises GBP32,415 via a retail offer, which in addition to recent placing takes funds raised to GBP1.7 million.
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Jangada Mines PLC - natural resources development company with interests in Brazil - Completes acquisition of initial 33% equity interest in Mtgold Mineracao Ltda, the owner of the highly prospective Paranaita Gold Project, located in Brazil's Alta Floresta - Juruena Gold Province. The acquisition marks an entry point for the company into gold. Consideration formed by GBP1 million in new Jangada shares and GBP250,000 in cash. "This acquisition offers compelling re-rating potential with limited capital requirements. With gold market fundamentals remaining strong and investor sentiment favouring quality exploration stories, we believe this is the ideal time to advance such a high-quality asset in a supportive and mining-friendly jurisdiction," says Jangada Executive Chair, Brian McMaster.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
BelluscuraZanaga IronWorld ChessCleantech LithiumCoro EnergyJangada MinesMetals One