Bezant (BZT), the copper-gold exploration and resource development company, announced that it has today published a circular in relation to the Proposed Acquisition of a 90% shareholding in Namib Lead and Zinc Mining (Proprietary) Limited which owns the NLZM Processing Plant, containing a notice of a General Meeting of shareholders to be held at The Dome Room, 5th Floor, 1 Cornhill, London EC3V 3ND at 11:00 a.m. on 8 December 2025. The purpose of the General Meeting is to obtain shareholders approval to the Proposed Acquisition.
Comment: It has been a busy autumn for BZT, with progress as far as Mankayan in the Philippines, offtake news and a $7m prepayment facility. Given the strength of the sector this is certainly the time for the Namib deal, something which should finesse the recent multi-pronged strategy at the company.
Ajax [AQSE: AJAX], the natural resources investment company, provided updates on the conditional acquisition of the Paguanta Project in Chile and progress with its exploration activities at its Eureka Gold and Copper Project in Argentina. Ajax has subsequently undertaken a thorough due diligence process (on the which the Acquisition was conditional), that remains ongoing, during which certain additional future costs were identified. As a result, Ajax has negotiated a reduction in the agreed consideration and an extension of the completion date. For Eureka, based on current guidance, the EID is now expected to be issued during the first week of December 2025.
Comment: Shares of AJAX have been firm of late, both in response to the overall strength of the natural resources space this year, as well as decent progress for the company both at Paguanta and Eureka. One would expect a significant re-rate for the stock once the relevant milestones have been reached in the near future.
Metir plc (MET), the leading global provider of fast response mobile and point-of-use water and environmental testing technology, announced the appointment of Claire Smith as Chief Financial Officer with immediate effect, alongside key hires to grow its business development function. All appointments are non-Board at this time. Claire brings over 25 years of financial and operational experience. Most recently, she served as Chief Executive Officer and previously as Chief Financial Officer and Company Secretary of Zytronic plc, an AIM-listed manufacturer of touch sensor products. During her tenure, she led finance, HR and IT functions. Before her role at Zytronic, Claire held finance positions with the NAAFI and Procter & Gamble, working both in the UK and Germany. Claire holds a B.A. (Hons) degree in Business and Finance from Northumbria University. She qualified as a Chartered Management Accountant in 2006 and obtained a Certificate in International Cash Management in 2011.
Comment: No one like a swot. That said, the recent contract with Aptamer (APTA) and progress in Qatar means that our Claire is joining MET at the right time.
genedrive plc (GDR), the point of care pharmacogenetic testing company, is pleased to announce that further to the announcement of 31 October 2025 in relation to a potential shareholder loan (the “Loan”) from David Nugent, a significant shareholder in the Company, that heads of terms for the Loan have now been agreed between the parties.
Comment: Given the recent positive share price movement, it would appear that everyone and their mother successfully guess the outcome here. That said, one did not have to be Stanley Druckenmiller to do so. That said, given the track record of the company one can say that Mr Nugent is a brave lad.
Sabien (SNT), Sabien Technology Group plc (AIM: SNT), a provider of CO₂ and energy-reduction technologies with its core M2G intelligent boiler optimisation solution, iprovide a further update regarding its strategic relationship with City Oil Field, Inc. of the Republic of Korea, and related corporate developments. The Company reports that on 18 November 2025 COF’s first commercial Regenerated Green Oil production plant, located at the Wave Jeongeup facility, in the Republic of Korea, was successfully commissioned.
Comment: I attended a SNT event, from memory, before the pandemic which was talking about the delights of a deal with City Oil Field. If this is the big one, one would expect the market to finally give SNT some share price love.
Rome Resources (RMR), the DRC-focused tin and copper explorer, announces that it has conditionally raised gross proceeds of £1.9 million through a placing (the “Placing”) which was upsized following strong investor demand at an issue price of 0.2 pence per new Ordinary Share. RMR said “Drilling is likely to commence in approximately two weeks, following mobilisation back to site of the Airbus AS350 support helicopter. We anticipate a 3-4 month programme, targeting between 53kt and 144kt of tin resource potential. Success in this campaign will underpin a resource update and a broader strategic review. Separately, we note the recent signing of the M23/DRC peace agreement, which will pave the way for further improvements in the security of the region.”
Comment: The recent weakness in the share price was almost certainly guesswork in the market that a placing was on the way, something which is underlined by the rebound in the stock in the wake of the announcement. What remains to be seen now is whether RMR can deliver the mother lode of discovery that the market has been expecting.
EnergyPathways (EPP), the UK energy transition company, is pleased to announce that it has signed a non-binding cooperation agreement with Siemens Energy Global GmbH & Co. KG for the development of long-duration energy storage (LDES) systems based on Compressed Air Energy Storage (CAES) technology, integrated with hydrogen-compatible power systems.
Comment: Another excellent counterparty for EPP, but once again we are still waiting for the big one, as far as Ed Miliband and friends are concerned. But at least at current share price levels, the risk / reward for those taking a punt on EPP seems attractive.
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