6th Oct 2025 21:54
(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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Tirupati Graphite PLC - London-based flake graphite producer, with projects in Madagascar and Mozambique - Receives subscriptions for a further GBP300,000 of convertible loan notes on the same terms as the GBP4.5 million notes issued earlier in the year. Subscribers include Inland Global Ltd and certain directors. The latest CLN funding will be used to bridge requirements resulting from below-forecast performance due to delays with the planned operational turnaround at the Vatomina project and while the company explores additional financing options to complete the remaining phase of the operational improvement plan at Vatomina. In addition, names Arun Somani as interim chief executive, with immediate effect. Somani has been seconded from Inland Global, of which he is a director. Inland Global was a significant investor in both CLN issues. As a result James Nieuwenhuys becomes a non-executive director, transitioning from CEO. Executive Chair Mark Rollins says: "We are grateful for the continued support of Inland Global Ltd and other subscribers with the latest fundraising, and look forward to working closely together going forward." Adds: "We will update stakeholders later this month regarding the resumption of operations at Vatomina, funding, the re-listing of the shares and conversion of the loan notes due this year."
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Zephyr Energy PLC - Rocky Mountain region-focused oil and gas company that aims for responsible resource development and carbon-neutral operations - Announces the results from an updated competent person's report on its assets in the Paradox Basin, Utah. The CPR was compiled by Sproule-ERCE International Ltd. Zephyr is transitioning the Paradox project from appraisal to development, and the Sproule report reaffirms this transformation. The combined basis of evaluation including the recent well test on the State 36-2 LNW-CC-R well has contributed to significant increases in recoverable reserves across all reserve categories reflecting considerable well productivity, driven by high reservoir pressure, reservoir quality and liquid yields. Results show a 93-fold increase in proved recoverable reserves (1P reserves) from the 2022 CPR, a 25-fold increase in proved & probable reserves (2P reserves), and a 3.5-fold increase in total recoverable resources.
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Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Announces that it has conditionally raised GBP401,000 through a subscription for 40.1 million shares at 1 pence each. In addition, agrees to issue 17.2 million shares at the issue price to settle creditor liabilities of GBP172,000. The funds raised from the subscription are expected to be used for general working capital purposes.
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Robinson PLC - Chesterfield, Derbyshire-based manufacturer of plastic and paperboard packaging - Announces the sale of Cannon Mill, part of the Wheatbridge site, to Middleton Structures Ltd with exchange occurring last Friday, and completion expected on January 30, 2026. Robinson will receive GBP135,000 on completion and incur GBP20,000 in costs, resulting in net cash proceeds of GBP115,000 will be used to reduce current bank debt. The property is currently vacant, and the book value was GBP71,615 as at the end of 2024. Robinson intends to realise value from the disposal of surplus properties over time and use the proceeds to reduce debt and develop its packaging business.
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Celsius Resources Ltd - Perth-based mining firm targeting gold and copper - Announces additional results from the drilling program which commenced in June. The drilling program is focused on geo-technical and hydro-geological drilling and additional metallurgical test work. "This recent drill hole was completed to provide additional mine design and geo-technical data. With these new higher-grade intercepts, the Board have further confidence that the final mine plan, will deliver the best value for the MCB Project, our investors, shareholders and the community," company says. The feasibility study update continues on schedule and is now more than 60% complete. Work on the final mine design is almost completed along with the 3D layout for the process plant and site infrastructure, Celsisus adds.
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Tap Global Group PLC - London-based provider of app-based cryptocurrency payment and settlement services - Enters regulatory settlement agreement with the Gibraltar Financial Services Commission.
This follows the proactive disclosure in December 2024 by Tap Global of the results of an internal review of its anti-money laundering, counter-financing of terrorism and counter proliferation financing policies and procedures. During this review, Tap Global identified a discrepancy relating to suspicious activity reports and found that the number of SARs reported was inaccurate. As a result, Tap Global accepts that during April 2023 to June 2024 it did not follow internal reporting procedures relating to suspicious activity reporting. Tap Global says it the regulatory agreement has been reached through a collaborative process. Pays a financial penalty of GBP150,000 for the contravention.
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Smarttech247 Group PLC - cybersecurity services company - Publishes a shareholder circular setting out proposals to cancel the admission of its ordinary shares to trading on AIM; re-register the company as a private limited company; and adopt new articles of association. Believes that continued growth can be better achieved as a private company and that the costs and management time currently associated with maintaining a public listing can be reinvested into high-impact areas of the business focused on growing client numbers, revenue and margins. Also believes strongly that if an acquisition of the company is considered, that a considerably higher valuation would be secured in a de-listed environment than if the company remained quoted, which would ultimately benefit all shareholders.
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By Jeremy Cutler, Alliance News reporter
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Tirupati GraphiteZephyr EnergyRobinsonCelsius ResTap GlobalSmarttech247