Ascent Resources (AST) announced that, further to resuming arbitration against its former Slovenian joint venture partner Geoenergo d.o.o. as previously announced 11 December 2024, the arbitration tribunal has now rendered their final award in favour of the Company’s 100% owned subsidiary Ascent Slovenia Limited. Accordingly the tribunal decision confirms that ASL’s interpretation of the Restated Joint Operating Agreement and has awarded ASL a further €4,990,976.
Comment: The market has continued to ignore the upside from the arbitration for AST until now, something which should ensure that the rebound in the stock we have seen so far today proves to be a sustained one.
Powerhouse Energy Group (PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy with a revenue generating engineering consulting division (“Engsolve”), announced that it has signed a Letter of Intent with B.S. Holdings Limited, whereby PHE will be the exclusive supplier of Hydrogen (at 99.999% purity) to BSH’s proposed Fuel Cell (Penta) H2P project in Ballymena, Northern Ireland.
Comment: Given the recent share price slide and lack of dynamism surrounding the newsflow, today’s development at PHE could and should be enough to turn the tide, at least in the near term.
Mendell Helium (AQSE:MDH) announced that further to its announcement on 23 June 2025, the Company has now formally adopted a new Bitcoin Treasury Management Policy. A summary of the key terms of the BTC Policy is outlined below. The Company also announces it has issued 2,325,000 new shares at a price of 2 pence per share in connection with the director remuneration announced on 23 June 2025 and accrued adviser fees.
Comment: The blink and you missed it spike to 9p in the share price a couple of weeks ago on the BTC news underlines the way that those coming to the Treasury Strategy party need to differentiate their approach with the many peers getting into this already crowded space.
Rockfire Resources (ROCK), the base metal, precious metal, and critical mineral exploration company, announced that it has conditionally raised £2 million at a price of 0.1 pence. ROCK intends for the net proceeds of the Placing to be used, in conjunction with Rockfire’s existing available cash, to continue development of the Company’s Molaoi zinc/silver/lead project in Greece and to fund on-going working capital requirements within the Company. An upgrade of the zinc resource at Molaoi is anticipated following additional drilling. This drilling will also result in a Maiden JORC Resource for germanium. A JORC germanium resource will be the only germanium resource known within Europe and will be unique globally.
Comment: Serious institutional backing for ROCK and the flagship Molaoi project underlines that at current share price levels, and with improved prospects the company offers a decent opportunity.
IntelliAM AI (AQSE: INT), the software company leveraging the power of AI announced that it has entered into a formal agreement with US-based hardware innovator Connection Technology Center Inc, deepening its collaborative partnership in the co-development of cutting-edge industrial sensing solutions, which includes the manufacturing of dual branded hardware.
Comment: We have seen decent, solid newsflow from INT, something that underlines the company’s position as one leveraging AI in real world applications in a unique way.
Mkango Resources (MKA) announced that its wholly owned subsidiary, Lancaster Exploration Limited have entered into a definitive business combination agreement dated July 2, 2025 with Crown PropTech Acquisitions. MKA said “partnering with CPTK, an organization that shares our strategic vision and values, enhances our platform for scalable growth and innovation. As we move towards a Nasdaq listing, we believe this combination will catalyse new opportunities, broaden our investor base, and drive long-term value creation.”
Comment: Perhaps the only thing anyone needs to read from today’s RNS is the word Nasdaq, something which underlines the Big Boy / Big Girl status of MKA via the combination with Crown PropTech. We have seen an outstanding transformation at the company in recent months.
Cel AI (CLAI) announced that it has acquired a dedicated subnet on the Bittensor network, enabling the Company to extend its AI agent technology into the decentralised AI ecosystem. CLAI said “The acquisition aligns with Cel AI’s strategy to deploy its AI agents in a decentralised manner across blockchain networks. The Bittensor subnet will serve as infrastructure for Cel’s autonomous AI agents to operate independently, providing specialised services to the broader decentralised AI network while generating protocol rewards.”
Comment: As implied above, given how crowded the crypto treasury space is fast becoming, those involved need to bring innovative angles to their strategy, something which CLAI appears to be doing.
Insig AI (INSG), a provider of AI-led analytics and machine learning solutions announced the appointment of PJPG Consulting Limited as Strategic and Asset Allocation Adviser. PJPG’s controlling shareholder is Peter Pereira-Gray. Peter has over 35 years of experience in a wide range of global investment markets. He retired as Chief Executive of Wellcome Trust’s Investment Division in September 2022, having worked closely with a team recognised to have delivered outstanding long-term investment returns to the Trust.
Comment: Bringing in a bigwig in the space is just what the doctor ordered at this time for INSG. It will be interesting to see whether this appointment can allow the shares to resume their 54% rally for 2025 to date.
United Oil & Gas (UOG), announced a conditional placing and subscription to raise gross proceeds of £800,000 at a price of £0.0018 per share. The net proceeds of the Fundraising will be used to: Support the ongoing farm-out process for the Company’s Walton-Morant Licence in Jamaica, and Provide general working capital for the Group.
Comment: Of course one could sense that UOG would press the placing button sooner rather than later. Nevertheless, it is all about progressing the farmout for the company, something which would be transformational.
Pri0r1ty Intelligence Group (PR1), a pioneer in AI-driven professional growth services for SMEs, is pleased to announce that completion of the acquisition of Halfspace Limited, a London-based sports data and marketing business, will take place tomorrow, 4 July 2025. Accordingly, the Company has today agreed to issue and allot the 15,384,621 Initial Consideration Shares to the Halfspace Vendors. Rory Maxwell, the CEO of Halfspace, has been appointed as an executive director of the Company.
Comment: We have been inundated with newsflow from PR1 in recent weeks. However, it is the Halfspace deal which is of primary importance, and with this out of the way we should see decent progress.
Hamak Gold (HAMA) has raised gross proceeds of £2,467,000 via a direct subscription with the Company and a placing. HAMA said “This is an exciting strategic development for Hamak. With the injection of additional capital, we are now well-positioned to pursue two core objectives in parallel. Firstly, maximising our existing gold exploration and development opportunities and secondly, seizing the transformative opportunity as a Main Market listed company to lead the UK in bitcoin treasury management.”
Comment: Another new entrant to the bitcoin treasury space, although it may be argued that a gold / BTC combo is better than many other companies in this particular trend.
Kazera Global (KZG), the AIM-quoted investment company, is pleased to provide an operational update on Whale Head Minerals, its heavy mineral sands (“HMS”) project in South Africa. KZG said “WHM continues to perform strongly, both operationally and commercially. The successful installation of the spiral circuit and growing interest from a specialist garnet partner, highlight the quality and versatility of the resource. With further testing underway and scalable technology options being explored, we believe WHM is well placed to deliver long-term value. The technical success of this project is a very positive indicator of the value of the potential represented by the long-awaited Mining Right over 2A, which has the initial potential to be 34 times bigger than the current project.”
Comment: Having won $12m in May, it can be seen that KZG’s tail is certainly up, especially given the upside prospects for WHM. The market should be more than enthused.
Coinsilium Group (AQSE: COIN), the Aquis quoted digital asset venture builder, investor and advisor, announced the successful completion of an Accelerated Bookbuild to institutional investors through Peterhouse Capital, SI Capital and Oak Securities. The Bookbuild has raised £2,787,500 at £0.18. The Offer Price was at a 10% discount to the closing bid price on 2 July 2025.
Comment: Keep on raising is the message from the BTC strategy companies, something which COIN has been able to do more successfully than most. What will be of interest is how quickly all the new shares will be absorbed by the market, a decent barometer of ongoing interest in 2025’s biggest phenomenon to date.
Caracal Gold (GCAT), the East African focused gold company is pleased to announce that it has secured interim funding of US$1,000,000 through a convertible loan facility from a group of lenders comprising existing German-based financiers and Gathoni Muchai Investments and its clients.
Comment: It can be assumed that today’s funding news gives GCAT the prospect of returning to business as usual sooner rather than later, after what has clearly been quite a journey.
Alien Metals Limited (UFO), a minerals exploration and development company, is reported completion of a helicopter-supported mapping and rock chip sampling programme that has identified significant iron mineralisation on the ridges of recently acquired tenure at its flagship Hancock Iron Ore Project located near the iron ore mining centre of Newman, in the Pilbara region of Western Australia. An Exploration Target of up to 27 million tonnes and grade of 62% Fe has been defined.
Comment: A chunky update from UFO, something which may cause some in the market to look at the company with fresh eyes given the scale of what has been revealed.
ATOME (ATOM), the leading developer of international green fertiliser projects, announced that the Green Climate Fund (“GCF”), the world’s largest climate fund, has approved US$50 million of concessional finance for the Villeta Project. ATOM said “This highly competitive funding, alongside competitive senior debt support from leading multilateral development institutions, will meaningfully lower the overall cost of capital. By enhancing the value of the equity component, it importantly enhances the bankability and value of the Project equity and will assist in optimising returns for ATOME’s shareholders.”
Comment: ATOM would appear to be the beneficiary of a fund which has money coming out of its ears, something one might expect from the save the world brigade. One just wonders where all the cash comes from?
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