Quantum Helium Limited (QHE) reported steady oil production and revenue generation from its Sagebrush Project for the 2025 calendar year in which it holds a 90% working interest. Total gross oil production of 11,769 barrels in 2025. Production delivered consistently across the year from multiple Sagebrush wells. Gross oil sales revenue in 2025 of US$617,044 at an average oil price of US$52.20. Quantum net sales revenue in 2025 of approximately US$409,000 (after royalties but before lease operating costs). Ongoing oil sales generating revenue to support helium exploration and development.
Comment: Not quite BP yet. However, with the oil price nearly double what it was last year, we are looking well placed at QHE, especially as the sizzle here is helium not crude oil. Let’s not forget that for any listed company we need 7 figures, not 6 figures to move the dial because of listing costs.
CleanTech Lithium PLC (CTL), an exploration and development company advancing sustainable lithium projects in Chile, announced that an application for an advance recovery of VAT in Chile has been successful and approximately £1.01 million has been received by the Company. CTL said “To receive this VAT refund, along with support from the Ministry of Economy, demonstrates the Chilean Government’s commitment to our Laguna Verde project. The team has worked diligently to achieve this outcome and the funds will strengthen our financial position as we continue to progress towards the completion of the PFS, following the recent agreement of the long term operating contract (CEOL) for Laguna Verde.”
Comment: It has been evident that CTL has been on the turn since the arrival of its new CEO, and of course with the big thumbs up for Laguna Verde. As if to remind us that sometimes all that small caps need is some good luck, the £1m VAT refund is just what the doctor ordered.
Quantum Blockchain Technologies (QBT), the AIM listed investment company, announced that it has written to the holders of the Company’s Zero-Coupon Bonds (ISIN XS0891139031), originally issued in 2013 and most recently amended at the Bondholders’ meeting held on 22 February 2024, calling a meeting to seek Bondholders’ approval of the following proposals. QBT has been informed that its US patent application for ASIC Ultra Boost (US Patent Application No. 18/696,073) has received a “Final Rejection” from the United States Patent and Trademark Office (USPTO). The Company further announced that its European patent application titled “Message Schedule Arrays” was published by the European Patent Office on 18 March 2026 under publication number EP 4710505.
Comment: It would appear that the Bondholders at QBT certainly wear the trousers. This may be just as well, as presumably they understand more about the technology that the company may or may not be developing than the shareholders, and everyone else with an IQ of less than 150.
Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold-silver exploration in Chile, announced latest results for the scout RC holes of its Phase III drilling campaign at Cerro Negro, part of the Especularita Project. High-grade Ag-Cu+Pb-Zn intersected in all RC holes with silver grades up to 105 g/t Ag. Results extend strike of mineralisation up to 1.5km south of Mostaza mine and open.
Comment: GSCU returns to form on this latest RNS, maintaining the standard of high class discovery that we have grown accustomed to. The significant strike extension at Mostaza certainly catches the eye, and should help move the share price up from recent support.
Gfinity (GFIN) announced its unaudited results for the six-month period ended 31 December 2025. Revenue increased 8% to £421,381 (six months to 31 December 2024: £390,099), reflecting continued recovery in Gfinity Digital Media and initial contributions from Connected IQ. Gross profit improved to £161,940 (H1 FY25: £129,935), with gross margin expanding to 38.4% from 33.3%, driven by a shift towards higher-value direct sales and technology-driven revenue streams. Operating loss reduced to £220,082 (H1 FY25: £271,285), reflecting the combined benefits of revenue growth, improved margin quality and disciplined cost management. GFIN said “Gfinity has excellent IP and technology in its AI-enabled contextual advertising platform, a lean and focused operating model, and multiple routes to meaningful revenue growth. We look forward to the remainder of FY26 with confidence and anticipate strong revenue growth in the coming months and thereafter into 2026.”
Comment: This may not be the beginning of the end of the recovery for GFIN, or even the end of the beginning. But there are green shoots as far as the rise in the metrics, and even the recovery in share price. We just need 7 figures not 6 figures (again).
Kendrick Resources Plc (KEN), the mineral exploration and development company announced a fundraising of £1,000,000 from existing shareholders, new investors and Directors. The net proceeds from the Fundraising are planned to be used in relation to advancing the Bonya Rare Earth project in Namibia where drilling has commenced and for the Groups’ working capital requirements.
Comment: Given the rise and rise of KEN shares of late, nearly 10x since the start of the year, and charted from early days, it would have been rude if the company did not take the opportunity to raise some cash. The positive here is the management participation, which inspires confidence that the rally will continue.
Empire Metals Limited, the AIM-quoted and OTCQX-traded exploration and development company, announced its final results for the year ended 31 December 2025. EEE said “2025 was a transformational year for Empire Metals. We successfully delivered our maiden MRE at Pitfield, reporting a total of 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained titanium dioxide, confirming the unique scale and quality of the Project. We also achieved a very high-purity TiO2 product, which further endorsed Pitfield’s potential as a strategically significant source of feedstock for titanium metal production. Following two successful fundraises, we remain in a robust cash position with a strengthened shareholder register that will support us on our accelerated path to the commercialisation of the Project.”
Comment: Anyone wondering if the Lassonde Curve works when commodities are on fire need look no further than EEE. Here despite all the achievements mentioned in today’s update, the shares are trading at 28p versus the September peak at 83p. This should not have been allowed to happen.
Strategic Minerals plc (SML), an international mineral exploration and production company, announced that its wholly owned subsidiary, Cornwall Resources Limited, expects to be able to publish a new Mineral Resources Estimate and updated Economic Sensitivity Analysis for its wholly owned Redmoor Tungsten-Tin-Copper Project in southeast Cornwall on Thursday, 26 March 2026. SML said “The Board is pleased to provide the scheduled release date of the MRE and updated Economic Assessment. The CRL team’s ability to stick to schedule and produce all programme outputs within the 12-months schedule has been exemplary.”
Comment: It really is a lap of honour for SML at the moment, so that we can even forgive the company for stating that it has been “exemplary”, as it actually has. The shares being up nearly 5x last year, and 3x so far this year helps too.
Zenith Energy Ltd. (ZEN), the international energy production and development company, announced a major milestone in the execution of its Italian renewable energy development and production strategy, with construction of its 7 MWp solar plants in the Puglia region (together the “Under Construction Portfolio” or “UCP”) now scheduled to commence in early July 2026. ZEN said “The commencement of construction marks a significant milestone for Zenith as we transform development-stage assets into production assets within our Italian solar portfolio. The UCP demonstrates the strength and scalability of the platform we have built. With total acquisition and development costs of approximately EUR 3,870,000, the UCP is expected to generate around EUR 1,480,000 in gross annual revenue, supporting a compelling payback profile and attractive long-term returns.”
Comment: Shares of ZEN are already up 130% so far this year, something which has largely been built on excellent communications regarding the prospects for a win against Tunisia, as well as the company making great strides in the renewable energy space, something which the Iran war disaster reminds us is more important to deliver by the day.
Personal Group Holdings Plc (PGH), the workforce benefits and insurance provider, today announced a new strategic partnership with Simplyhealth, the UK’s leading healthcare services and cash plan provider. The collaboration brings together two purpose‑driven organisations united by a shared mission: to make essential healthcare and financial protection more accessible and affordable for employees across the UK. PGH said “both companies are committed to improving the health and financial resilience of employees, and by bringing together Simplyhealth’s everyday healthcare solutions with Personal Group’s financial protection products and our unique one‑to‑one engagement model, we can make a real and measurable difference to people’s lives. Partnerships such as these are a key part of our growth strategy, providing accelerated access to employees within our target sectors. This partnership allows us to broaden the help we offer to the workforce — ensuring employees not only get access to the care they need but also receive financial support when health challenges affect their income.”
Comment: To be a company which even someone who produces the RNS Hotlist has barely heard of is quite an achievement. But at least the company’s PR has emailed me the news, and one hopes that the partnership with Simplyhealth will allow the shares to build on last year’s 67% win.
TheraCryf plc (TCF), the biotech company developing new medicines for addiction and other neuropsychiatric disorders, today announced completion of preclinical dose range finding studies for its lead orexin-1 (Ox-1) receptor antagonist programme being developed for addiction, a market worth US$42 billion and an area attracting significant clinical and commercial interest from large pharmaceutical companies. TCF said “We continue to deliver a potentially class leading asset on target for clinic readiness in the fourth quarter of this year, exactly in line with the plan outlined at the start of this project. The substance use disorder market is already worth over US$42 billion growing to over US$71 billion over the next seven years.”
Comment: It may be a $42bn market for addiction, but at the moment TCF has a market cap of just £4m, so there is a little bit of work to do to get the market to wake up to the opportunity, and value the company accordingly. Hopefully, this mention helps…
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