Bluebird Mining Ventures (BMV), a gold development company, has executed a £2 million Investment Agreement with Skylake Management LLP, an investment vehicle domiciled in United Kingdom. £2 million by way of a convertible loan facility at a conversion price of 2p per share. 0% interest with maturity on 31 December 2026.
Comment: A no coupon convertible loan of £2m until the end of next year certainly sounds like “mates rates” and this is what we have seen in terms of market appreciation so far this morning for BMV shares.
Hemogenyx Pharmaceuticals (HEMO), announced that following the conclusion of the formal tender process for the role of statutory auditor, it intends to re-appoint PKF Littlejohn LLP as external auditor for the financial year ending December 2025 onwards. This will coincide with the timing of the mandatory lead audit partner rotation.
Comment: Given that shares of HEMO have rocketed this week, highlighted below 230p in the Bulletin Board Heroes video (now 369p), the company can easier afford top flight auditor PKF once again.
Avacta Therapeutics (AVCT), a life sciences company developing innovative, targeted oncology drugs, announce conditional amendments to the Convertible Bond including deferral of several payments alongside raising gross proceeds of £3.25 million from high net worth investors introduced by Zeus Capital Limited by way of an oversubscribed conditional placing of 6,500,000 new ordinary shares of 10 pence each in the Company at a price of 50 pence per share .The net proceeds of approximately £3.1 million from the Placing will be used to settle the October quarterly repayment of the unsecured convertible bond which is due to be paid on 20 October 2025.
Comment: I have actually changed my initial comment at the behest of the stock market elders… “No more CLN payments until June,” AVCT has been helped by the kindness of strangers. One hopes there is the defintive fundamental inflexion point here by then, to add to the technical one above the 200 day moving average at 45p we have seen recently.
KR1 (KR1:AQSE) provided an unaudited update on its income from digital assets and its largest holdings as at 31 July 2025. Income from Digital Assets. Aggregate income from staking activities: £419,630. Net Asset Value: £87,410,875. Net Asset Value per Share: 49.38p.
Comment: The market is kind of treating KR1 as if we were not in a post BTC Treasury Strategy world, but somewhere in 2022. No mNAV action here, no appreciation of staking activities, and no appreciation of the way that this company is a Godfather in its field.
Asiamet Resources Limited (ARS) announced its unaudited interim results for the six months ended 30 June 2025. ARS said “During the period, the Company also completed the updated BKM Stage 1 Copper Project OFS which has been engineered as a simplified, lower-capex, staged-build heap-leach operation focused on near-surface, higher grade ore and producing approximately 10,000 tonnes of copper cathode annually. The OFS confirms that BKM Stage 1 is a technically robust, technically robust project with attractive economics, compliant with Indonesian downstream processing requirements and aligned with national development priorities. Following completion of the OFS, the Company has now commenced the debt financing process for BKM Stage 1 and appointed Grant Samuel to lead a strategic investor engagement program targeting potential partners with the financial, technical, operational, or regional capabilities to support successful project delivery.
Comment: As far as a work in progress goes for a project development company one can say that ARS is doing as well as can be expected. This is even to the extent of ensuring the lowest capex possible, and going into the debt financing process. The £30m market cap at this stage of the game appears modest indeed.
Alkemy Capital Investments (ALK), the holding company of Tees Valley Lithium, today announced further senior appointments that strengthen TVL’s leadership and delivery capacity as it advances its Front-End-Engineering Design study and prepares for Final Investment Decision. Gemma Cooper appointed Chief Commercial Officer, effective 1 September, to lead feedstock, offtake, partnerships, and strategic agreements. Appointment of a Chief Operating Officer, with details to follow upon commencement, further strengthening operational leadership as TVL progresses through FEED towards construction.
Comment: Shares of ALK have pulled back from the giddy heights achieved at the start of this month off the back of funding hopes. Today’s announcement could be enough to allow investors to assume that 1+1=3 once more.
Beowulf Mining (BEM), the mineral exploration and development company, announced its unaudited financial results for the six months ended 30 June 2025. BEM said “The highlight of the Period was the completion of the GAMP PFS which demonstrated a robust technical project with exceptional economics, positioning Grafintec to be a low-cost, high-margin producer with great value potential. Following the end of the Period, we secured an excellent location for the development of the plant and have begun investigations for the pilot testing and EIA. The identification and reservation of a site for GAMP within a new emerging battery hub marks a key milestone in its development and will serve to help further establish Grafintec’s presence in the European and global battery value chains.
Comment: It could be said that the key here as far as BEM has been concerned has been raising cash to keep the dream alive. That said, more engagement with the market to explain its strategy might have ensured at least a modest bounce in the share price from the lowest levels.
Alba Mineral Resources (ALBA) reported the Group’s interim results for the six months ended 31 May 2025. Alba minted three limited‑edition 1 oz, 24‑carat “Tyn‑y‑Cornel” Welsh gold coins from gold extracted at Clogau. The first coin was auctioned in April 2025 for £20,000, representing nearly an 8.5× premium to the then spot price of gold. The second and third coins were sold privately for £21,000 each, maintaining a similar premium. Additionally, it was reported that Alba plans to produce a limited series of 18‑carat gold pendants using gold produced from the Mine.
Comment: With coins and pendants it would appear that ALBA is making the kind of headway in the jewellery business that Gerald Ratner would be proud of. Aside from this the company needs to make the kind of noises regarding scale, which still appear to be a work in progress.
GreenRoc Strategic Materials (GROC) reported the Company’s interim results for the six months ended 31 May 2025. Post period highlights include that on 4 June 2025, the EU Commission granted both GreenRoc’s Amitsoq Mine and the proposed downstream graphite active anode material plant the status of a “Strategic Project” under the EU Critical Raw Materials Act. A contract was signed with contractor HK Transport to assist the Company with the extraction of a 15-20t bulk sample from the underground workings at Amitsoq.
Comment: Being classed as a strategic project holder should ensure that the company is de-risked in the long term. The only issue is how to keep the wheels spinning until GROC finally gets over the line. This is reflected in the shares halving since the June spike.
Andrada Mining Limited (ATM), the African critical minerals producer with a portfolio of mining and exploration assets in Namibia, announced the release of its audited financial results for the 2025 financial year ended 28 February 2025. Revenue: £23.8m, up 33% (FY2024: £18.0m). Gross profit: £3.0m, up 72% (FY2024: £1.7m). Operating loss reduced 52% to £3.9m (FY2024: £8.1m). EBITDA improved to £0.5m (FY2024: £4.8m loss).
Comment: ATM remains one of the great unsung heroes of its part of the London market. However, it seems insistent on not doing anything more than letting its performance do the talking, when the company is far too complex for most private investors to understand.
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