5th Mar 2026 19:57
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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London BTC Co Ltd - bitcoin miner with operations in the US and Canada - Updates on the recent geological site visit to the Chance Gold Mine in Western Australia. The visit follows the signing of a call option agreement to acquire the Chance Gold mine as part of its strategy to hedge against bitcoin volatility. The mine is located about 4 kilometres south of the historic 2.6Moz Copperhead Gold Mine near the town of Bullfinch in the Western Australian Goldfields. Company says it saw "clear evidence of extensive old workings over considerable distances" in its visit to the mine, which reported in the 1930's gold ore grading 9.4 grams per tonne of gold. Forty rock chip samples have been collected from the site and are in the laboratory in Perth for gold and multi-element analysis. "We aim to elevate the value of this asset by using cost-effective and modern-day exploration techniques to prioritise drill targets. If we can achieve some high-grade drill intercepts, the value of these tenements will potentially rise significantly and thereby proving that the gold hedge is a great way to mitigate bitcoin volatility," says Chair David Lenigas. To advance the hedging strategy, converts 5.99 of its bitcoin, realising a total of USD474,409 at an average bitcoin price of USD79,167 per bitcoin.
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Atlas Metals Group PLC - natural resources and energy investor, formerly known as MetalNRG - Enters into a convertible loan agreement and a related warrant agreement with YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global LP. The agreements will provide up to GBP2.5 million to fund costs and expenses associated with completion its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd. Loan agreements comprise two loans, of GBP500,000 and GBP2.0 million. Under the warrant agreement, Atlas will issue warrants equal to 25% of each monthly amortisation payment, with an exercise price equal to 115% of its closing price on the date that the first loan is provided. The warrants will expire three years after issue. Atlas may require the warrants to be exercised if the shares trade at least 30% above the warrant exercise price for 20 consecutive trading days. The aggregate subscription price payable on exercise of the warrants may be set off by the lender against the outstanding balance of the loans, Atlas says. Further, makes application to the LSE for 2.5 million shares to be admitted to trading in connection with its at-the-market facility with Axis Capital Markets Ltd. The ATM shares are equal to 8% of its ordinary share capital.
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Strategic Minerals PLC - London-based mineral producer - Reports assay results from drillhole CRD039, including ultra-high-grade intersections and long intersections of high-grade mineralisation from the Redmoor Tungsten-Tin-Copper Project in southeast Cornwall. Highlights include: 0.60 metres at 18.96% tungsten trioxide, 2.76% tin and 3.19% copper for a tungsten equivalent grade of 22.09% from 563.13 metres. This is the second highest-grade tungsten sample interval from Redmoor recorded by CRL, and the single highest-grade tungsten equivalent recorded to date, Strategic Minerals says. Also reports high-grade tin intersects, containing high-grade tungsten and copper, including: 1.52m at 7.45% Tin, 2.09% tungsten trioxide and 5.21% copper for a tungsten equivalent grade of 9.60% from 528.78m. High-grade silver associated with copper mineralisation within the sheeted vein system is reported including: 1.52m at 72.3 grams per tonne of gold at 5.21% copper, 7.45% tin and 2.09% tungsten from 528.78m. Further, CRD039 intersects multiple high-grade zones of significant width, including: 12.88m at 0.37% tungsten, 0.54% tin and 1.03% copper (for a 1.09% tungsten equivalent) from 535.68m. Dennis Rowland, CRL Managing Director, says: "These results further demonstrate the quality of mineralisation at Redmoor and its position as one of the highest-grade, undeveloped tungsten projects in Europe."
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Technology Minerals PLC - London-based company that aims to create a circular economy for battery metals - Enters into binding letter of intent with 48.35% owned battery recycling business, Recyclus Group Ltd, setting out the terms of a new loan agreement to replace the previous loan agreement dated February 2022. Balance outstanding from Recyclus as at December totals GBP9.6 million. The new agreement grants a seven-year repayment term, with the loan to be secured by a second ranking charge over the assets of Recyclus and its subsidiaries. The interest rates are: 2.5% in the first year; the Bank of England base rate in years two and three; Bank of England base rate plus 1% in year four; Bank of England base rate plus 2% in year five; and Bank of England base rate plus 3% in the following years. Recyclus will receive a GBP500,000 early repayment discount should it repay the outstanding balance within three years from the date of the agreement. Also, Technology Minerals is granted the right to appoint and maintain one director to the Recyclus board. Nominates Nick Kounoupias, non-executive director of Technology Minerals. The company has the right to appoint further members should the Recyclus board increase in size.
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LBG Media PLC - Manchester, England-based digital entertainment company which owns social media accounts such as LADBible - Appoints former Inspired Thinking Group Chief Financial Officer Darren Singer as CFO. "Working closely with the founder CEO, he supported the business during a period of significant international expansion, playing a key role in developing and executing strategies to scale the business globally and further enhance its technology-led offering," LBG says. Singer was also CFO of Global Media & Entertainment Group. Dave Wilson will return to his role as non-executive chair, after serving as executive chair with a focus on supporting the finance, legal and investor relations teams since 2025.
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abrdn Diversified Income & Growth PLC - Edinburgh-based investor across asset classes - Declares interim dividend of 0.50 pence, around GBP1.5 million in aggregate. In June 2024, it announced plans to pay a dividend which would results in the company not retaining more than 15% of its income in an accounting period. This is order to maintain its investment trust status during the managed wind-down.
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By Aidan Lane, Alliance News reporter
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