Ajax [AQSE: AJAX], the natural resources investment company, announced that it has signed a definitive agreement to acquire 100% of the issued share capital of Pereira Velho Exploração S.A., a Brazilian company that owns the Pereira Velho Gold Project in Alagoas State, Brazil from an entity affiliated with Appian Capital Advisory Limited. The Acquisition was first announced via regulatory news on 11 December 2025.
Comment: Another day, another deal from AJAX, showing the market that both it and its young, thrusting CEO are keen to maximise on the opportunity the current excellent environment for explorer / developers offers.
MedPal (MPAL) as well as its AGM, announced that its Chairman, Karl Karlsson, will be stepping down from the Board due to other professional commitments. He will therefore not be proposed for re-election alongside the other Directors of the Company. The remaining Directors thank him for his service to the Company, particularly in relation to his support through the process of its IPO on AIM. The Company will seek to appoint a suitable replacement to the Board as soon as possible.
Comment: Presumably there will be a rush at job centres up and down the country looking to replace the outgoing Chairman of such a new and shiny company such as MPAL. It is perhaps a shame that Kark has not been able to stay at MPAL and bask in the glories that will almost certainly be delivered in coming months.
Coinsilium Group Limited (AQSE: COIN), the Aquis-quoted digital asset growth and venture builder, noted the successful initial launch of the Yellow Network token and trading platform, which commenced on Sunday, 8 March 2026, marking an important milestone in the ambitious development of the Yellow ecosystem. COIN said “We warmly congratulate the Yellow team on reaching this significant milestone with the launch of their token and trading platform. Bringing a project of this ambition from early concept through years of development to a live network launch is a remarkable achievement and reflects an extraordinary amount of vision, perseverance and technical execution.”
Comment: It is good for COIN that it can release an announcement that focuses on bread and better venture building than merely the BTC treasury activities that dominated 2025. That said, it should always be the case that companies underline what the tech in announcements does: So yellow is a Layer-3 peer-to-peer network that uses state channel technology to securely exchange liquidity & facilitate trading, clearing, settlement…
88 Energy Limited (88E) confirmed that the Company’s March 2026 corporate presentation is available on 88 Energy’s website at www.88energy.com.
Comment: Given the way that everyone and their mother has managed to read their screens and see where oil and gas prices are. It has certainly been a good day to remind the market of what 88E does via a new corporate presentation.
T42 IoT Tracking Solutions plc (TRAC), a leading provider of global shipping container tracking solutions, announced a trading update for the year ended 31 December 2025. Revenue for the Period increased significantly to over $6.1m (2024: $4.16m), including a c.10% increase in SaaS revenues, highlighting strong trading across all parts of the business. Gross margins grew to c.45% (2024: 38%), reflecting the continued reduction of production costs and increased sales from higher margin products, notably Lokies. The Company is pleased to report an operating profit for the period of c.$0.4m, a substantial improvement on the prior year (2024: operating loss of $0.9m), with the Company achieving positive EBITDA of c.$1.05m (2024: EBITDA loss of $0.2m), reflecting the Board’s focus on progressing towards sustained profitability.
Comment: The market used to be a big fan of turnaround situations, and hopefully today’s update from TRAC is an example of such a set up. As the announcement says, “sustained profitability” is the holy grail, especially for a currently £1.3m market cap company.
SkinBioTherapeutics plc, (SBTX), the life science business focused on skin health, has confirmed the appointment of Rachel Parsonage, Interim CEO to the Board of Directors. Her appointment was subject to normal regulatory due diligence carried out by the Company’s Nominated Adviser, which is now complete. SBTX said “Rachel has been in the post of Interim CEO for just a week so far, and already, she has met the majority of the team and is getting under the skin of the business, including building relationships with our key partners.
Comment: Shares of SBTX have more than doubled from last month’s lows, underlining the way that the company has handled itself well, in terms of putting a lid on the issues and moving along with new management, as underlined by today’s news.
Phoenix Copper Limited (PXC), the AIM quoted, 100% USA focused base and precious metals emerging producer and exploration company, announced that further to the announcement made on 9 February 2026, the Board has concluded its investigation into allegations made in relation to the conduct of Marcus Edwards-Jones and Richard Wilkins, the Company’s Executive Chairman and Chief Financial Officer. Following the conclusion of the Investigation and the associated disciplinary processes, the Board has resolved to dismiss Mr Edwards-Jones and Mr Wilkins and terminate their service agreements with immediate effect.
Comment: One of the more eyebrow raising stock market stories of the year to date, and one that would thankfully appear to over relatively promptly. The question now is whether the company can get its mining activities financed, at a time when at least it can be said the Empire Mine and what it could produce would be much appreciated.
Fulcrum Metals (FMET), the AIM-quoted company pioneering the use of innovative technology to recover precious metals from mine waste, announced that it has raised gross proceeds of £550,000 through a direct subscription with a single investor for 5,000,000 new ordinary shares of 1 pence each in the Company at a price of 11 pence per share. The Issue Price represents a premium of approximately 4.8 per cent. to the closing mid-market price of the Company’s ordinary shares on 6 March 2026.
Comment: Given the lay of the land in the market over the past week to raise any cash, let alone at a premium, is quite a result. As far as FMET is concerned, this underlines the turnaround in credibility the company has achieved in recent months, helped along by its technology, and the rise in metals prices.
Helix Exploration PLC (HEX), the helium exploration and development company advancing the Rudyard Helium Project in northern Montana, announced that it has executed a lease agreement for a high-pressure jumbo tube trailer, marking a key operational milestone for the Company. HEX said “The lease of our first tube trailer is a tangible step toward commercial production at Rudyard. We are building out the transport infrastructure necessary to deliver helium to customers, and this is the first of several trailers we expect to add to our fleet in the near term. The timing could not be more critical. The global helium market is facing what may be its most severe supply disruption in history. With all Qatari production offline and the Strait of Hormuz closed, approximately one-third of global helium supply has been removed from the market virtually overnight. Spot prices have spiked and major technology companies are already warning of potential impacts on semiconductor production.”
Comment: HEX is certainly good at “watch this space” RNS announcements, and perhaps on this occasion it is good to remind the market of how important and strategic a US domestic, primary helium source is. Presumably, nearly as important as what Pulsar Helium (PLSR) is sitting on too.
Vault Ventures (AQSE:VULT) announced that it has entered into a contract with Whitespace Global Limited, a UK sovereign AI company specialising in secure platforms for regulated industries, to develop a proprietary post-quantum secure communications platform. The contract, valued at approximately £1.6 million (excluding VAT), is structured as a milestone-based development programme over approximately 12 months. Under the agreement, Whitespace will lead the design and engineering of the platform, combining post-quantum cryptographic standards with secure mobile and backend infrastructure designed for deployment in regulated, sovereign and security-sensitive environments.
Comment: VULT shares are up some 3x from their December lows, something which is impressive given the way that the company suffered from the BTC Treasury hangover, like many others. That said, quantum is the buzzword of the moment, and one can see the company recovering yet more of its valuation, with RNS announcements like today’s.
Stack BTC Plc (AQSE:STAK), the UK-based company focused on building a portfolio of high-quality, cash-generative businesses alongside a Bitcoin treasury, announced that it has completed an equity fundraising from strategic investors amounting to £260,000 gross at a price of £ 0.05 (5 pence) per share through the issue of 5,200,000 New Ordinary Shares. STAK said “We are absolutely delighted to have Nigel Farage and Blockchain.com become strategic investors in Stack. Nigel’s unwavering support for British business and belief that Bitcoin is set to rapidly expand its role in finance is perfectly aligned with the Company’s ethos and business plans. With Blockchain.com alongside we are partnering with a market leader in digital asset infrastructure to ensure we have the highest standards of custody services for our Bitcoin treasury. The Company is building momentum, and we look forward to providing more updates in due course.”
Comment: One of the golden rules of small caps is that you need to deliver announcements and investments with sizzle. Today’s news from STAK mentioning Nigel Farage, certainly fits the bill as far as making a splash. One wonders if Chairman Kwasi Kwarteng is minded to flip to Reform in return?
