LONDON: Metals One Plc (AIM: MET1), a UK-based minerals exploration company, has acquired a 10% stake in NovaCore Exploration Inc., a private U.S. firm developing the Red Basin Uranium Project in New Mexico. The transaction supports Metals One’s U.S. uranium strategy, expanding its exploration footprint to three early-stage assets. NovaCore controls approximately 15,000 acres in…
Category: London Stock Exchange
News and updates from London Stock Exchange
Electric Guitar signs heads of terms for reverse takeover of U.S. energy startup Dunbar
LONDON: Electric Guitar PLC (LSE: ELEG) said Friday it has signed non-binding heads of terms to acquire Dunbar Energy Inc., a newly established U.S.-based energy company, through a reverse takeover transaction. Dunbar, incorporated in Nevada, is focused on powering digital infrastructure, including artificial intelligence and cryptocurrency operations. It aims to convert coal mine methane and…
Senior plc sells aerostructures unit to Sullivan Street Partners for up to £200 million
LONDON: Senior plc, an international manufacturer of high-technology components and systems, announced Friday it has reached a binding agreement to sell its Aerostructures business to UK-based private equity firm Sullivan Street Partners. The transaction carries a total potential enterprise value of up to £200 million ($259 million USD). The deal positions Senior to become a…
Axis Bank Q1 net profit drops 18% on higher provisions
LONDON: Axis Bank Ltd. on Thursday reported an 18% year-over-year decline in its consolidated net profit for the fiscal first quarter, as increased provisions offset gains from robust income growth. The private-sector lender posted a net profit of ₹6,243.7 crore ($748 million) for the quarter ended June 30, down from ₹7,475.1 crore a year earlier….
Ajax Resources acquires historic gold-copper project in Argentina
LONDON: Natural resources investment firm Ajax Resources has completed the acquisition of a major gold and copper asset in Argentina, marking a transformative step in its evolution from a listed cash shell to an active exploration company. The company signed a definitive agreement on May 21 to acquire Puna Metals S.A., the wholly owned Argentine…
AECI exits U.S. toll manufacturing as Schirm assets sold to Liberation Chem-Toll LLC
JOHANNESBURG: AECI Ltd. has announced the sale of substantially all assets and certain liabilities of its U.S.-based subsidiary Schirm U.S.A., Inc. to Liberation Chem-Toll LLC, a newly formed Texas company backed by Schirm USA’s senior management. The transaction marks a strategic move by AECI to streamline its operations and focus on its core mining and…
James Cropper FY25 profit rises despite revenue dip; CEO unveils growth strategy
LONDON: British advanced materials and packaging group James Cropper Plc (AIM: CRPR) reported a higher annual adjusted profit before tax on Thursday, supported by cost discipline and a strategic shift under new CEO David Stirling. For the year ended March 29, 2025, adjusted profit before tax rose 77% to £1.3 million, driven by lower depreciation…
Frasers Group reports record profit despite revenue dip, highlights margin gains and expansion
LONDON: Frasers Group plc (FRAS.L) announced increased full-year profitability for fiscal 2025 on Wednesday, driven by significant margin improvement and cost savings, even as group revenue declined. The British retail conglomerate, owner of Sports Direct and Flannels, also outlined ambitious international expansion plans. For the 52 weeks ended April 27, 2025 (FY25), Frasers Group reported:…
Ilika Plc advances solid-state battery programmes; Raises £4.2 million post-year end
LONDON: Ilika plc (AIM: IKA) reported progress across its two solid-state battery product lines—Stereax® for medical and sensor applications and Goliath™ for electric vehicles (EVs)—for the year ended April 30, 2025. During the period, the company transferred Stereax manufacturing operations to U.S. partner Cirtec Medical LLC and validated its Goliath P1 battery prototypes. Ilika secured…
Catenai completes second tranche investment in tech startup Alludium
LONDON: Catenai PLC (AIM: CTAI), a digital media and technology provider, said Thursday it has completed the second £450,000 tranche of its investment in Alludium Ltd, a UK-based pre-revenue technology company. The funding follows shareholder approval of share allotment authorities from the June 26 announcement. Catenai subscribed for 681,663 ordinary shares in Alludium at 73…
SEED Innovations exits Oxford BioDynamics investment with £20,000 profit
LONDON: SEED Innovations Ltd on Thursday announced a profitable exit from its short-term investment in AIM-quoted Oxford BioDynamics plc, generating gross proceeds of approximately £145,000. The life sciences-focused investment company acquired 25 million shares in Oxford BioDynamics in February for £125,000 at 0.5p per share. SEED has now sold its entire holding at an average…
Audioboom to acquire UK podcast network Adelicious in £10 million deal
LONDON: Audioboom Group PLC (AIM: BOOM), a global podcast leader, announced Wednesday it will acquire British podcast network Adelicious Ltd for up to £10.0 million ($12.9 million), aiming to create the UK’s second-largest podcast network. The all-share transaction includes £4.5 million in initial consideration (60% cash, 40% shares), up to £3.0 million in deferred payments…