Ajax Resources Plc (AQSE: AJAX) the natural resources investment company, announced that the Environmental Impact Study (“EIS”) for its 100% owned Eureka Project in Jujuy Province, northern Argentina, has been formally approved by the Director of Mines and Energy Resources for the Province of Jujuy.
The approval of the EIS represents a key permitting milestone for the Company, and it now allows the commencement of on-ground exploration activities. Mobilisation of personnel, contractors, and equipment to Eureka will now begin. With the EIS approved, Ajax, through its wholly owned Argentine subsidiary Puna Metals S.A., will initiate its planned exploration programme. Eureka is drill ready, and various highly prospective anomalies have already been identified by previous operators. High grade copper oxides have been verified at surface, with grades reported up to 6.1% Cu and numerous samples returning more than 0.5% Cu across multiple historical programmes.
Comment: It can be seen how AJAX has not only bought excellent assets at knock down prices, but is also progressing them at pace. The share price is responding in kind, and this re-rate looks set to continue for the start of 2026.
Hydrogen Utopia International PLC (HUI), a pioneering company converting non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat, announced a strategic placement with its first institutional investor. Proceeds will accelerate the Company’s growth in the Kingdom of Saudi Arabia (KSA) where HUI has already received a MISA (Ministry of Investment Saudi Arabia) licence and support from SIRC (Saudi Investment Recycling Company) and RDIA (Research, Development and Innovation Authority) and other key GCC (Gulf Cooperation Council) markets. Further, it will also support the commercial deployment of the Inentec ‘PEM’ melter commercial waste-to-hydrogen technologies and advance HUI’s role in the global transition to clean energy.
Comment: HUI is set up financially for the next year, more than enough time for a big industrial counterparty to sign on the dotted line as far as commercialising the Inentec technology. With KSA backing as well as a sticky £600,000 investor, the rise in the shares from near 1p in September is set to continue. The bears are set to be disappointed, despite what they have obviously been told to believe.
Zenith Energy Ltd. (ZEN), the listed international energy production and development company, announced that it has completed a private placement of common shares of no par value with a long-term institutional investor in the United Kingdom and a private placement in Norway with institutional investors. ZEN said “We are pleased to have secured institutional investment at this key stage in our development. The first six months of 2026 will be characterised by potentially transformational activity for our business with the submission of two separate environmental impact assessments for the two largest Uranium deposits in Italy, the commencement of construction of our first solar plant in the Puglia region of Italy, and the final hearing of the ICSID arbitration in late April for a total claimed amount exceeding approximately US$572.65 million.”
Comment: ZEN is being canny in raising enough cash to see it through to the denouement regarding its Tunisian claim, which it should win given that the Tunisians do not really have a leg to stand on. In the meantime the company has the ongoing developments in Italy, with the uranium moves currently the icing on the cake.
Coinsilium Group Limited (AQSE: COIN), the Aquis-quoted digital asset investor and venture builder, noted the announcement made this morning by Greengage & Co Ltd , in which Greengage announces its intention to seek the admission of its entire issued and to be issued share capital to the Access segment of the Aquis Stock Exchange Growth Market. Greengage is a Coinsilium portfolio company, and Coinsilium’s Board welcomes this development as a positive milestone in Greengage’s ongoing business evolution.
Comment: It is pleasing to see COIN interrupt the prevailing Digital Asset Treasury newsflow with what can be regarded as an outright win. Greengage is a bona fide, real world business addressing a significant unmet need as far as SME’s, as well as being otherwise cutting edge in the fintech space. It will be a welcome addition to Aquis.
Thruvision Group plc (THRU), the leading provider of walk-through security technology, announced that it has received a Notice of Intent to Award for its’ SpotCHECK people-screening solution, to support aviation worker screening under the TSA National Mandate at a large Pacific Northwest airport in the United States.
Rockfire Resources plc (ROCK), the base metal, critical mineral and precious metal exploration company, provides the market with this drilling update from Rockfire’s 100%-owned Molaoi zinc deposit in Greece. ROCK said “Our third drill hole is encountering improved ground conditions. The rig is 672m south of hole HMO-008, and 396m south of hole HMO-009, where broken and fractured ground created difficult drilling conditions in both holes. It should be kept in mind that the zinc resource is 2.2km long so far and there are still 28 holes to be drilled within this resource distance.”
Comment: After the recent misfire on Molaoi, we have ROCK back on track as far as both the flagship project, as well as the share price. This has already been recovering in recent days, as flagged here on Zakstraderscafe.com on a charting basis in the Bulletin Board Heroes. Thank you.
Block Energy plc (BLOE), the development and production company focused on Georgia, provided an update on the Project III farm-out process. The Company has received a non-binding farm-in offer from a large energy company following extensive technical and commercial engagement. The indicative offer includes a full carry of the Patardzueli-Samgori appraisal programme.
Comment: The ongoing story of BLOE is that of the company being a sell into strength on any positive news. This pattern has gone on for years. Do we dare to dream that this time will be any different? We might.
Hercules plc (HERC), a leading technology enabled labour supply company for the UK infrastructure and construction sectors, announced that its Civil Projects division has been awarded a series of new sub-contract packages from its clients in the UK water sector to start in Q1 FY2026. The new agreements total c.£6.2 million in value and are expected to be delivered in the next six months.
Comment: We have previously commented here purely in a cynical and sarcastic way that companies who are on the government / public sector gravy train just cannot lose. While this is not always the case, it is still an enjoyable rule of thumb, and one on which HERC is £6m plus to the good.
Fragrant Prosperity (FPP): Venetia Archer is in at 3.4% on the shareholder register.
Comment: One can almost smell that a deal is in the offing for FPP, something that our Venetia’s share purchase makes us all the more confident of. The question is whether she is related to Charles or Jeffrey, or is just posh.
Aurrigo International plc (AURR), a leading international provider of transport technology solutions, announced the launch of a new international licensing and hub programme designed to support the Group’s next phase of growth in order to accelerate its global commercialisation strategy.
Comment: AURR has managed to successfully remain under the radar, despite having both Alma Strategic Communications, and Cucumber PR. While one has not heard of Cucumber, we take up the slack here at Zakstraderscafe.com through having recently overtaken the Investors Chronicle in the number of followers on X. Getting back to AURR, and with its recent share price rebound, and market cap crossing £50m, this looks like a minnow with the potential to transition to a mid cap.
Big Technologies plc (BIG), a leading provider of electronic monitoring solutions provides the following update to 8th December 2025. BIG said “The Group has seen rapid progress in the second half of 2025, underpinned by investments made to strengthen the Group organisationally and operationally. The performance across the Group, driven by management actions and strategic initiatives has built confidence in meeting our full year guidance for revenue and adjusted EBITDA. The company has compiled forecasts from five analysts with current market forecasts for 2025 revenue to be in the range of £48.5m to £49.5m, with a consensus of £49.1m, and for adjusted EBITDA to be in the range of £23.7m to £24.5m, with a consensus of £24.1m.”
Comment: Rickmansworth’s finest, there is not much competition, is making “big” noises regarding its prospects and profitability. This is something which rather makes the 52% decline for the shares so far this year appear rather harsh, especially as they are trading well under NAV.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
