Ajax (AQSE:AJAX), the natural resources investment company announced the admission to trading of its shares to Aquis with effect from 8.00am today. AJAX said “Ajax’s admission to the Aquis Stock Exchange as a natural resources investment company, following the completion of the acquisition of the Eureka Gold and Copper Project, marks a significant milestone for the Company as we enter an exciting new phase in Ajax’s development. We are pleased to have successfully raised £1 million, complementing our existing financial resources. It is to be underlined that the Board has invested approximately £330,000.”
Comment: With the board leading from the front, and some of the great and good among private investors on the shareholder register, AJAX would appear blessed. This is particularly the case after pulling off a humdinger of a deal regarding Eureka.
Tiger Royalties and Investments (TIR), an investment vehicle focused on incubating technology and mining projects, announced an operational update for its Tiger Alpha Bittensor Subnet. The Tiger Subnet was purchased on 15th of May and in one month of operation the Tiger Subnet is currently producing over six TAO, Bittensor’s native cryptocurrency, which is over $2,300 USD, per day in subnet revenue, equating to a monthly run rate for the subnet of almost $70,000 USD. The Bittensor network is a proof-of-state blockchain and a subnet id a self-contained, incentivised ecosystem built on top of the Bittensor network, each with a unique purpose and inventive mechanism.
Comment: Although one is relatively sure almost no one actually understands what a Bittensor Subnet is, it all sounds on the money / zeitgeist, and has the back of the great and the good in the market.
Electric Guitar (ELEG) announced that it has raised £775,000 at a price of 0.08 pence. The estimated net proceeds of the Placing, which will be approximately £730,000, will be used to fund the Company’s anticipated costs of an acquisition (which would be a reverse takeover under the AIM Rules for Companies and for general working capital.
Comment: It is pleasing to see that ELEG shares and the market as a whole has been strong enough of late to enable a decent raise to take the company forward for a proper deal.
Tao Alpha (TAO) said that following the Company’s announcement on 17 June 2025, the it was providing a material operations update to investors after a £5m fundraising. TAO said “TAO Alpha has made some fantastic progress on a relatively light budget. The rolling of rewards earned on the Bittensor network back into TAO enables us to scale quickly the participation in the TAO Alpha platform. We believe the £5m investment announced yesterday will enable us to scale our application and further enhance the efficiencies with greater emphasis on the expediting of continued machine-learning in our already developed A.I agents.”
Comment: TAO got off to a flyer this week with the £5m, underlining the way that all things crypto are hot at the moment. The tie up with Tiger Royalties and its Bittensor is the icing on the cake.
Coinsilium Group Limited (AQUIS: COIN) confirm the result of its retail offer via the Winterflood Retail Access Platform, at 22.2 pence per share. Due to a more than 400% oversubscription on the initial facility offer of £2.5m, the Company has determined to expand the facility to £4m to better accommodate demand. The Company has therefore raised aggregate gross proceeds of approximately £4,000,000.
Comment: COIN continues to prove it has the experience and the knowledge of the Bitcoin Treasury space, as opposed to may of the Johnny Come Lately in the space. This point is underlined by the very strong demand for its stock in the latest WRAP, with the share price already well above the raise price.
The Smarter Web Company (AQUIS: SWC), a London listed technology company, is pleased to announce that Jesse Myers has been appointed to the Company as Bitcoin Strategy Consultant. Jesse will join the Company immediately and work alongside Andrew Webley, CEO, on a variety of different areas with a focus on the Bitcoin strategy and investor communications. Jesse will be paid an annual salary of £12,000 and has personally invested approximately £970,000 within the fundraising announced on 16 June 2025.
Comment: It is interesting that SWC has found a Bitcoin Strategy consultant a couple of months after getting into the space. But with a £500m market cap, there is plenty of room for manoeuvre, whatever BTC strategy the company adopts.
Valereum (AQSE: VLRM) announced the appointment of Gary Cottle as its new Chief Executive Officer (CEO), with immediate effect. He said “”I’ve seen many cycles of development in 30 years of TradFi, from the ‘Big Bang’ of the 1980s through rapid changes and challenges at Barclays and Morgan Stanley – managing the bailouts of Bear Stearns, Lehman Brothers and RBS – to a decade of business optimisation at RBS and Nomura as advancing technologies were embraced.”
Comment: Given the share price rollercoaster, and fundamental ups and downs at VLRM in the recent past, it sounds like our Gary’s skills at Bear Stearns, Lehman Brothers and RBS could come in handy.
ACG Metals Ltd. (ACG) announced that Berenberg and Canaccord have initiated equity research coverage on the Company. ACG said “We are pleased to welcome expert analyst coverage from Berenberg and Canaccord confirming our compelling equity story. As outlined in the research reports, ACG Metals is founded on best-in-class management, a highly cash-generative asset in Turkey, and a disciplined long-term M&A strategy. As we continue to build our brownfield expansion project at Gediktepe on time and on budget, this coverage should increase our visibility and give the market further insight into our strategy, execution, and a massive potential for the long-term value creation.”
Comment: Although Berenberg and Canaccord are lovely people to have around, it is still good old retail investor exposure such as Zakstraderscafe that can really get a company on the map, even the good ones.
Mosman Oil and Gas Limited (MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announced an update on the second well in the drilling campaign at the Vecta Project, Colorado, US. Drilling has commenced and casing set in the Richardson TH well on “The Bard” lease area. This is the second location in the five-well drilling campaign.
Comment: It is still probably the case that the market is attempting to get over the last fundraise from the company. Nevertheless, the follow of MSMN does seem to have enough loyal followers to renew the share price momentum.
Tirupati Graphite plc (TGR), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announced that it has reached formal agreement with the required majorities of holders of each of its 2019 and 2022 issues of convertible loan notes to amend the terms of the respective notes.
Comment: It would appear that after all the management changes at the company, TGR is well on its way to being back on track as a major graphite producer, something that the market may be behind the curve on.
Incanthera (AQSE: INC), the Company focused on innovative technologies in dermatology and oncology, announced breakthrough research demonstrating the protective effects of Skin + CELL against UV-induced damage in human skin cells. An independent study run by Skin Life Analytics Ltd, Newcastle confirms that Skin + CELL protects the skin’s energy centres, the mitochondria, which play a key role in overall skin health and appearance.
Comment: Those who still have a face like a baby’s bottom, even after sunbathing, drinking and smoking can look away. But this does sound as though it is good for one’s mitochondria, especially for those in middle age and beyond.
Bezant (BZT), the copper-gold exploration and development company, announced on 6 February 2025 that ASX listed Blackstone Minerals Ltd had announced a proposed merger via a scheme of arrangement with IDM International Limited through which the Company holds its interest in the Mankayan Copper Gold project in the Philippines.
Comment: After a rather long gestation period we have the kind of deal that can take BZT to the next level, and as far as copper gold is concerned, do so at a timely part of the cycle.
CPP Group (CPP), announces a revised strategy to focus solely on Blink and to dispose of its remaining legacy assets. CPP announces that it has completed the disposal of CPP Sigorta Aracilik Hizmetleri Anonim Sirketi for a total cash consideration of approximately £4.6 million. In addition, Blink has entered into a three-year licence agreement valued at £1.5 million, granting distribution rights for its cyber security product across pre-agreed markets. The Group also confirms that it is in advanced discussions regarding the potential disposal of CPP Assistance Services Private Ltd.
Comment: For a second one was in the brace position as far as CPP becoming a Bitcoin Treasury company, but no. It would appear that the company is going for being a real business.
AO World (AO.), the UK’s “most trusted” electrical retailer, announced its audited financial results for the financial year ended 31 March 2025. AO said “Our core B2C Retail business saw strong growth in the year, in line with our expectation of delivering double-digit growth. As planned, adjusted profits on a like-for-like basis grew faster than revenues at 32% despite macroeconomic headwinds, with LFL adjusted profit before tax above the top end of our previously upgraded range of £39 to £44m.”
Comment: One’s initial reaction to AO’s great results is “who buys the stuff in the current environment?” and even on reflection this remains the sentiment. In such circumstances full credit has to go to the company in question.
Power Metal Resources (POW), the London-listed exploration company with a global project portfolio, provided an exploration update for the Badger Lake Uranium Property. Badger Lake is located in the Athabasca Basin, Northern Saskatchewan, Canada. POW said, “Through a comprehensive work programme, our technical team have identified the ‘S-Zone’, a highly exciting target on the Badger Lake Uranium Property, and I look forward to providing further updates on the drilling timeline in due course.”
Comment: POW, already grossly undervalued, continues to carry on building up its portfolio, and the value therein. Uranium is still a standout as far as being wanted for the Net Zero brigade.
