Pulsar Helium Inc. (PLSR), a primary helium company, announced that, further to its announcement on February 19, 2026 regarding the Placing, conducted by way of accelerated bookbuild.
The Company has raised gross proceeds of approximately £7.4 million (approximately US$10.0 million / CAD$13.7 million) through the issue of 9,191,175 Placing Shares at the Issue Price of £0.80 (approximately CAD$1.47) per Common Share. OAK Securities (a trading name of Merlin Partners LLP) acted as the Company’s exclusive bookrunner and placement agent in connection with the Placing.
Comment: Given the recent significant progress by the company in terms of both the land grab and discovery leading to a share price boost, it would have been rude for PLSR not to raise cash at this point. One presumes that the proceeds of the fundraise will allow the company to deliver more of the same for shareholders in coming months.
Kosmos Energy (KOS) confirmed that the license extensions for the West Cape Three Points and Deepwater Tano Petroleum Agreements, which cover the Jubilee and TEN fields in Ghana, have been formally ratified by the Ghanaian parliament. The licenses now extend to 2040. The license extensions bring key benefits to Ghana including up to $2 billion in incremental investment as well as higher volumes of affordable gas from the fields for domestic power generation.
Comment: Although the company is rather under the radar, already in 2026 the shares are up over 100% and it would appear to be a company to keep an eye. Today’s news should underpin the recovery and bring new investors to chase the rally yet further.
Unicorn Mineral Resources Plc, (UMR), announced further positive results from the glycine leaching tests on the tailings samples from the Klein Aub Copper Mine, located in Namibia, which support the Company’s confidence in the project’s economic viability. These laboratory tests have been carried out by Draslovka, using its world leading proprietary glycine extraction technology. Through the impact of adding an oxidation element, extending the test duration and increasing the temperature, it was possible to significantly increase the copper recovery percentage from the tailings.
Comment: Given the lay of the land as far as explorer developers, it is the case that currently even a minor update from companies in the space is greeted by a reasonable rebound in the shares. As far as UMR is concerned copper and Namibia are decent buzzwords for the market to chase.
Wildcat (WCAT) said that following a review it has concluded that the regulatory framework, rules and associated costs of maintaining the Company’s listing on the Main Market are making it increasingly challenging to complete an initial reverse takeover transaction. Accordingly, the Board intends to seek shareholder approval for the cancellation of the Company’s listing on the Main Market. Proposed Change in Investment Focus and Intended Admission to the Aquis Growth Market In parallel with the proposed cancellation, the Board intends to pursue opportunities in the gold sector, with a view to developing the Company as an African-based gold processing business. In connection with this proposed change in investment focus, the Company also intends to apply for admission of its ordinary shares to trading on the Aquis Growth Market.
Comment: Given the lay of the land as far as main board listed companies, and the £30m market cap rule, it is quite understandable that WCAT has chosen the path announced today. What is key now is how the company finesses it stated ambition in the gold area, and how significant this will be at a time when the metal is still hotter than July.
SkinBioTherapeutics plc, (SBTX), the life science business focused on skin health, announced that it has appointed its new Non-Executive Director and Chair of the Audit Committee, Alyson Levett, to oversee the continuing investigation process on behalf of the Board. It has also appointed FRP Advisory to undertake an independent, forensic review into the matters outlined by the Company on Monday, 16 February. Existing external legal and professional advisers will also support the process, as necessary. SBTX said “The Board’s aim has always been to act quickly – undertaking an investigation whilst maintaining business continuity and minimising disruption. FRP Advisory can help us expedite our investigation and enable us to issue the HY results as soon as possible in the confidence that all issues have been identified. The senior leadership team can then return their focus to running and growing the business.”
Comment: It is certainly a fluid time at SBTX, with everything up in the air as far as recent goings on at the company. It can be seen that the board is moving towards a damage limitation strategy, and moving as quickly as possible to quantify the extent of what has happened here.
The Smarter Web Company (SWC) announced its audited full year results for the period to 31st October 2025, publication of its Annual Report and notice of Annual General Meeting, and a new investor presentation. £225.2 million raised, comprising £209.4m in equity capital and £15.8m in Bitcoin Backed convertible notes. 2,660 Bitcoin held at year end; 2,689 Bitcoin held as of 19 February 2026. Strong balance sheet with no fiat debt. The Group achieved a profit before tax of £2,835,848 for the year. Excluding one off gains and fair value adjustment credit of £4,308,224, the result would have been a loss before tax of £1,472,376.
Comment: If nothing else SWC has to be commended for raising nearly a quarter of a billion pounds since the Bitcoin Treasury Strategy phenomenon arrived, and how it continued to run with the ball on the concept, even as the bubble burst. One can only wonder how much better the numbers here would have been if BTC had actually gone up over the period, rather than halved from the peak.
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.
