ImmuPharma PLC (IMM), the specialist drug discovery and development company, provided an update on its auto-immune technology platform program, P140. IMM said “The receipt of the first Combined Search and Examination Report for our UK P140 patent application, together with the new supporting study results, represents an important step in strengthening the scientific and intellectual property foundation of the program. In parallel, the scientific manuscript now in preparation will help the broader scientific community to understand the unique mechanism of P140 as a precision therapy for patients with Type M immune disorder. This work reinforces our confidence in P140’s potential to become a first‑in‑class, disease‑modifying approach across multiple autoimmune diseases.”
Comment: We all know that P140 is IMM’s blockbuster, company making candidate, therefore it remains disappointing that the market / share price have yet to play ball with such a prospect. Presumably we need to see IMM take P140 further down the commercialisation trail.
Kendrick Resources (KEN) the mineral exploration and development company which via its Bonya rare earths project has a 70% interest in both EPL 6691 (“Teufelskuppe” or “TK”)) and EPL 4458 (” Kieshöhe” or “KH”) provided an exploration and resource development update for the Kieshöhe project, located in southern Namibia, approximately 40km west of the settlement of Aus and 60km east of the major coastal port of Lüderitz. The drilling programme planned for the two carbonatite complexes of Kieshöhe and Teufelskuppe has commenced. A second drill rig is being sourced to facilitate drilling at both sites simultaneously.
Comment: Just in case anyone was thinking that the momentum at KEN off the back of a near 10x share price rise so far this year was running out, we have a new RNS to keep it going. The company is quick to deploy the £1m it raised earlier this week via a new drilling programme.
80 Mile PLC (80M), the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy, confirms that Pelican Acquisition Corporation, the NASDAQ-listed special purpose acquisition company, has completed its acquisition of Greenland Exploration Limited, a wholly owned subsidiary of March GL Company, and commenced trading on NASDAQ under the name Greenland Energy Company with the ticker “GLND”.
Comment: It would appear that the normally staid, stuffy and cynical great and good of the London market are impressed with the NASDAQ listing that has been pulled off here. They are even more impressed with the $100m plus carry that 80M has on the deal, something which compares to the £56m market cap that the company currently has. One might have thought that the shares could be on the right side of 1.5p on this basis alone.
GreenRoc Strategic Materials Plc (GROC), a company focused on the development of critical mineral projects in Greenland, announced that it has signed a non-binding memorandum of understanding (“MoU”) with a leading producer and supplier of active anode material (“AAM”) to major global automotive OEMs and battery cell manufacturers for a Technology Licence Agreement which will enable Greenroc to coat and test Amitsoq spheronised purified graphite (“SPG”) products and ultimately to produce coated SPG at Greenroc’s planned full-scale production plant.
Comment: Greenland would appear to be one of the hottest mining postcodes around, just ask Donald Trump. In fact, he should have gone to Greenland rather than Iran if he was thinking of a way of securing a whole new territory full of resources, rather than disrupting the world’s oil supply. That said with GROC shares already extending into new highs, one can see that today’s MOU
Europa Oil & Gas (EOG), the AIM quoted UK, Ireland and West Africa focused oil and gas exploration, development and production company, announced that further to its announcement of 30 January 2026, it has received notification from the Irish Government’s Department of Climate, Energy and the Environment that the Minister has given his consent to extend the Phase 1 of FEL 4/19 to 31 January 2028. The Company intends to use the extension to carry out further technical studies and allow more time to secure a partner to advance development of the licence.
Comment: Shares of EOG have rather come off the boil since the turn of the year, something which is now of course at odds with the soaring oil price, and more importantly everyone’s need for energy security not reliant on the Middle East. Hopefully EOG will start to benefit from this realisation.
Harena Rare Earths Plc (HREE), the rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar said that a recording of Executive Chairman Ivan Murphy’s recent interactive presentation can be found on the Engage Investor platform. Watch a recording of the full presentation here: https://www.engageinvestor.com/event/69b83b8913d11383ebd2b4f7
Comment: It is interesting that Engage have 49 followers on X, whereas Zaks Traders Café has over 28,000, more than the Investors Chronicle. It is even more interesting that a company like HREE choses to go with Engage, someone is clearly very good at sales and marketing. That said, the company has successfully delivered a great message via Ivan Murphy, and in share price terms amongst the rare earths plays certainly appear to be the next train set to leave the station. This is especially the case of the latest US acquisition news.
MTI Wireless Edge Ltd (MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, announced that the Company was informed on 26 March 2026 that Jacques and Rina Beer purchased 600,000 ordinary shares of par value 0.01 Israeli Shekels each in the capital of the Company at a price of 53.5 pence per Ordinary Share on 26 March 2026. Following this share purchase, the Beer Family has an interest in 10,247,042 Ordinary Shares, equivalent to 11.89% of the voting rights in the Company.
Comment: Although perhaps not quite the Rothschilds, to have the Beer family continue to hoover up shares in a company which has been notoriously undervalued over the years is a thumbs up, and may potentially inspire others to join the party in a company which has proven itself despite the lack of market appreciation.
88 Energy Limited (88E) advised that it has successfully completed a bookbuild to domestic and offshore institutional and sophisticated investors at an issue price of A$0.029 (£0.01508) per share, raising approximately A$5.0 million (approx. £2.6 million) before costs (the Placement). The Placement was heavily oversubscribed, reflecting strong support for the Company’s sharpened, Alaska-focused exploration strategy, expanded North Slope acreage position, and the potential of the Company’s forward programme of activities. The funds raised will strengthen the Company’s balance sheet and accelerate key pre-drilling activities, including permitting and well planning for the Augusta‑1 exploration well, currently scheduled to spud in Q1 CY2027.
Comment: Obviously not the worst time to raise money not only in oil and gas, but of course anywhere other than the Middle East, with Alaska arguably being one of the better postcodes, even better than the next US state, Greenland.
Roadside (ROAD), the UK energy forecourt real estate business, is pleased to announce the appointment of Shore Capital Stockbrokers Limited as the Company’s joint corporate broker with immediate effect. Cavendish Capital Markets Limited will remain as Roadside’s Nominated Adviser and joint corporate broker.
Comment: Although the shares have taken a breather after the recent successful fundraise, the market cap of the stock which tripled last year is still over £100m. Presumably our dear friend at Shore Capital and Cavendish now being on the case is not only a step up for ROAD, but will ensure the company heads onwards and upwards with its niche play rollout plans.
