Greatland Resources (GGP) announced that Blackrock have gone up from 2.55% to 4.52% on the shareholder register.
Comment: Just in case anyone was concerned that the mega re-rate for GGP might run out of steam any time soon, we see that financial colossus Blackrock is stepping up to the plate in a meaningful way. They are normally not slouches as far as identifying an opportunity.
Stack BTC Plc (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 amounting to £2,116,500 gross at a price of £0.05 (5 pence) per share through the issue of 42,330,000 New Ordinary Shares. The proceeds will be utilised to commence the M&A strategy, initiate the Company’s Bitcoin treasury and for general working capital purposes. The fundraise effectively launches STAK’s business plan, with management’s ambition being to grow STAK into a substantial business. STAK has experienced leadership with the capability, drive and connections to grow the business. STAK’s Bitcoin treasury strategy is a result of management’s strong conviction in Bitcoin’s characteristics as a promising long-term store of value when accumulated appropriately and backed by real economic activity. Kwasi Kwarteng, Executive Chairman of Stack commented: “I am delighted that we have closed this funding round, demonstrating investor enthusiasm for our strategy. As governments spend more around the world, we firmly believe that Bitcoin will emerge over time as a sound store of value. We are only at the beginning of a transformation in the world of finance”.
Comment: It is amazing to see Stack BTC raise money for Bitcoin Treasury like it is 2025, as well of course as an M&A strategy. At least we can say that with BTC having halved from the peak, this is a better time to double down on it as a store of value than it was in the summer. But actually, forget about all that. Former Chancellor Kwasi Kwarteng is Executive Chairman, Thunderbirds Are Go!
Empyrean Energy plc (EME), the oil and gas exploration and development company with interests in Australia, Indonesia, and the United States, announced the conclusion of binding documentation for a settlement of historical cash call arrears with Conrad Asia Energy Ltd, and its subsidiary, West Natuna Exploration Limited, operator of the Duyung PSC and the Mako Gas Field in Indonesia. Concurrently, the parties have executed a detailed Shareholders Agreement governing the ongoing relationship between Conrad and Empyrean within a Special Purpose Vehicle. Definitive documentation giving effect to that settlement agreement has now been signed. The transactions will be subject to customary conditions precedent, including approval from Indonesia’s Ministry of Energy and Mineral Resources.
Comment: Today’s announcement could flip the switch as far as EME from being a company whose share price chart resembles a heart trace monitor, to one that can sustain rallies on good news. Clearly, the settlement has been a shadow hanging over the company until now.
EQTEC plc (EQT), the technology-led energy transition company, announced that it received, on 20 February 2026, a conversion notice pursuant to the facility agreement with Global Investment Strategy UK Limited, as originally announced on 24 October 2025. The conversion notice relates to the remaining principal amount of £160,000 outstanding under the Facility, which, in accordance with its terms, will be converted at a price of 0.034 pence per ordinary share into 470,588,235 new ordinary shares in the Company.
Comment: The share price rebound today on the latest conversion news reminds us that the market is still watching EQT closely to see how it copes with the threat of dilution versus the need to raise cash. It is always a tightrope.
Cizzle Biotechnology (CIZ), the UK based diagnostics developer of early cancer tests, updated on progress towards the accreditation and launch of its proprietary test for the CIZ1B biomarker which is highly associated with early-stage lung cancer. The Company’s North American licencing partner Cizzle Bio Inc is now in the final stages of the Clinical Laboratory Improvement Amendments accreditation process and expect to submit an application for approval in Q2 2026. Given the positive progress, BIO and the Company have strengthened their commitment with a new payment schedule which includes a further minimum US$3.5m advanced royalty schedule to reflect the commencement of sales and long-term growth of the test at scale.
Comment: Practically zero PR / stock market awareness means that CIZ shares remain at the low end of the range, have not felt the benefit of the mini-biotech revival, and have not had the appreciation of the progress made such as today’s. Hopefully, this state of affairs changes soon.
Amigo Holdings PLC (AMGO) provided an update on exploration activities and corporate restructuring related to the Mojimoto Gold Project in the Mara Region of Tanzania. Following its preliminary update on 19 January 2026, Amigo’s group of companies has advanced technical work to assess the potential of its licences within the Lake Victoria Gold Belt. To support the next phase of development, the Company has also incorporated three new group subsidiaries.
Comment: AMGO is one of those rather rare birds that has gone from hero to zero and then back again. Even more impressive is the pivot in sectors, which not many have pulled off, however hot the new sector may be. It is rather like making the change from being an actor to a singer, or vice versa.
Celsius Resources Limited (CLA) announced it has secured firm commitments for A$9.3 million through a strongly supported Placement from new and existing shareholders, and institutional investors. New shares have been subscribed for at a price of A$0.02 per share and issued with one free-attaching option for every 2 shares subscribed for at an exercise price of A$0.035 and expiring 3 years from the date of issue. Subject to meeting the ASX’s minimum quotation requirements, the options are intended to be quoted on the ASX.
Comment: When the going gets tough the tough clearly decide it is easier to raise in Oz, rather than here in London. Although this may be a slightly unfair comment, given that via the likes of Oak Securities, even someone with half an idea can currently get a raise over the line.
Atlantic Lithium Limited (ALL), the Africa-focused lithium exploration and development company targeting the delivery of Ghana’s first lithium mine, provided an update to the market which follows the halt in trading of the Company’s shares on the Australian Securities Exchange (“ASX”) on 19 February 2026. Speculation in relation to ratification of Mining Lease: Atlantic Lithium has previously announced that it has applied for ratification of the Mining Lease in respect of its flagship Ewoyaa Lithium Project in Ghana and the Company notes that Parliament reconvened on 3 February 2026. Atlantic Lithium understands that a meeting of the Committee on Lands and Natural Resources in Ghana (being a Parliamentary Select Committee of the Parliament of Ghana) was held on 12 February 2026 to consider the ratification of the Mining Lease. Atlantic Lithium confirms that it is not aware of the outcome of this meeting and that it has not received any formal confirmation regarding the timing of the ratification of the Mining Lease. Atlantic Lithium continues to support due parliamentary process where possible and remains confident that ratification will be forthcoming.
Comment: ALL shares have finally been on a decent run, helped by the twin drivers of a boost to sentiment surrounding lithium, as well as the kind of fundamental progress announced today. Let’s see how long the Promised Land of ratification really does take to arrive.
JD Sports Fashion plc (JD.) announced that it intends to return £200m of capital to shareholders through share buybacks in FY27, in line with the Company’s capital allocation priorities and its commitment to continue delivering significant cash returns to shareholders. The Programme will commence immediately and initially involve the purchase of ordinary shares of £0.0005 each in the Company with an aggregate value of up to £100m, and is expected to complete no later than the close of the Company’s first half of FY27, 31 July 2026. Thereafter, the Company intends to enter into arrangements to commence the second tranche of the Programme in the sum of up to £100m.
Comment: Given how lowly rated even the best of London stocks are as compared to their counterparts in the US, it is surprising that there are not even more share buybacks here than there are. What will be interesting to see is whether the £100m share buyback at JD on a market cap of £4bn is enough to move the dial.
Panther Metals Plc (PALM), the exploration company focused on mineral projects in Canada, provided an update for the Dotted Lake Project where Panther is targeting, orogenic gold and magmatic intrusive hosted nickel-cobalt- platinum group element and magnesium deposits, in Ontario Canada. The previously reported results of the 2024 five hole exploration drill and soil geochemical sampling programme confirmed that Dotted Lake hosts multiple styles of mineralisation, including ultramafic-hosted chromium, nickel, platinum group elements and magnesium, and structurally controlled gold, and zinc potential. The drilling confirmed the Dotted Lake ultramafic magmatic intrusive to be a magnesium (Mg) bearing serpentinised peridotite (serpentinite). 1, 2, 3.
Comment: It is perhaps not surprising that now there has been a fire lit under PALM and its peers, cheerful chappy CEO Darren Hazlewood does not have to jump up and down after every RNS doing interviews and pressing the flesh. While he now does not need to, it is perhaps a pity we are not treated to his unique brand of enthusiasm as much as we used to be.
New Frontier Minerals Ltd (NFM) announced updated JORC Exploration Targets (to the standard of Clause 17 of the 2012 JORC Code) across 14 prospects within NWǪ Copper Project, located in the Mt Isa region of northwest Ǫueensland. NFM said “The Exploration Targets underscore the substantial potential scale and depth of opportunity across the NWǪ Copper Project. Moreover, they clearly demonstrate significant exploration potential beyond the Big One Deposit.”
Comment: Given that explorer / developers are buzzing like a bee currently, it just takes an incidental RNS from one of the less well known ones like NFM to create a buzz, and a few percentage points higher for the company in question.
Helix Exploration (HEX), the helium exploration and development company with near-term production assets within the ‘Montana Helium Fairway’, announce the commencement of gas production at its flagship Rudyard Project making it the first Helium gas producer in the state of Montana.
Comment: It would appear, judging by the share price reaction, that it has been rather better to travel than arrive as far as the rather extended run up to first gas production. People have died waiting for this event, most notably Robert Duvall, who would no doubt have loved to smell helium in the morning, as much as napalm, even though the former has no odour.
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.
