Auction Technology (ATG) announced that it has received a series of unsolicited, opportunistic and highly conditional possible offers on behalf of funds and/or investment vehicles managed or advised by FitzWalter, ATG’s largest shareholder, for the entire issued and to be issued share capital of ATG not already owned by FitzWalter. “ATG remains confident about achieving its ambitions as a publicly listed company and delivering significant shareholder value. As a sector leader, ATG is in a strong position to extend its leadership and expand its footprint to capture more of the under-served and significant TAM for curated second-hand goods.
Comment: While it is perhaps understandable that with its shares recently at the lows ATG has know become the sexiest person on the dancefloor, one might ask why / how the company allowed itself to be so under-valued in the first place?
Fiinu Plc (BANK), the fintech group and creator of the Plugin Overdraft®, announced a year-end operational update in respect of the Group, including the achievement of its first profitable month and an update on governance and legal matters relating to the Group’s Polish subsidiary. BANK said “This performance reflects operational and organisational changes implemented across the Group, including management restructuring of the Polish subsidiary, new business growth, and a renewed focus on cost discipline and operational execution.”
Comment: One of the best small cap performers of last year looks as though it will continue in the same vein for 2026. We also have a reminder today of the international scale of the company, as well as remembering that the CEO is a canny chap from the recent interview on Zaks Traders Café.
CleanTech Lithium (CTL), an exploration and development company advancing sustainable lithium projects in Chile, announced it has submitted its application for a Special Lithium Operating Contract (“CEOL”) for Laguna Verde via its Chile-based subsidiary Atacama Salt Lakes SpA (“ASL”). This submission to the Chilean Government to enter the streamlined process is well ahead of the deadline of 30th January 2026. The award of a CEOL will mean the recipient can commercially produce lithium from the specified project for the duration of the economic life of the project.
Comment: What has captured the imagination in the recent past as far as CTL has been concerned is the “in house” CEO, from Chile. As can be seen from today’s announcement, the success of the company will depend on getting its project over the line on the CEOL, something which looks increasingly like a done deal.
Catenai PLC (CTAI), the AIM quoted provider of digital media and technology services, issues an update on Klarian Ltd, a company to which Catenai provided a £450,000 unsecured convertible loan note facility as per the announcement of 25 April 2024. The Company has entered into a further extension agreement with Klarian. Under the terms of the Extension Agreement, Klarian will repay Catenai the £624,250 due under the CLN and related fees by 31 March 2026. If Repayment occurs after 28 February 2026, Catenai will be due an additional fee of £74,910. If Repayment occurs prior to 28 February 2026, then Catenai will receive a proportion of the Extension Fee.
Comment: Just when you thought that CTAI was all about Alludium, Klarian, which was a well loved investment, returns like the ghost of Christmas past. Hopefully, it will be a nice little earner for CTAI, which raised decent money for BTC last summer as well.
Premier African Minerals (PREM) announced that it has reached agreement with Canmax Technologies Co., Ltd in respect of the Zulu Lithium and Tantalum Project. Graham Hill, Managing Director, said, “We are grateful for Canmax’s continued support and collaboration, and the revised long stop date provides welcome clarity as we work together towards a successful outcome at Zulu.”
Comment: PREM has certainly been painful to watch in recent months, and not only because of the departure of George Roach. So painful indeed, that one would imagine that shareholders have either run for the hills, or written off this particular shareholding.
Touchstone Exploration Inc. (TXP) provided an operational update on the Carapal Ridge-3 development well (“CR-3”), located on the Central block onshore in the Republic of Trinidad and Tobago. Touchstone holds a 65 percent operating working interest in the well, with Heritage Petroleum Company Limited holding the remaining 35 percent. TXP said “The CR-3 well is our inaugural development well on the Central block and the first well drilled on the field in over 17 years. The well was executed successfully by our drilling team and represents our first horizontal well drilled into the Herrera reservoir. As anticipated, CR-3 encountered hydrocarbon-bearing sands both below and above a key shale marker. We intend to initially produce from the lower horizontal section of the well, with significant volumes of uphole sands available for potential future perforation.”
Comment: After the excitement of last year’s fundraises / non-fundraises, we see TXP starting the year perhaps as it means to go on. We have a solid RNS, and at last, potentially the start of a share price turnaround.
Great Western Mining Corporation (GWMO), a strategic and precious metals exploration and development company, announced an update on its 100% owned and highly prospective Pine Crow-Defender tungsten prospect in Mineral County, Nevada. GWMO said “2025 was a year of solid exploration progress for Great Western, involving copper, precious metals and tungsten. Our drilling campaigns at the West Huntoon copper prospect and the Rhyolite Dome gold prospect were completed as planned, with laboratory assays currently awaited. At West Huntoon and Defender-Pine Crow we have conducted extensive surface sampling and the recent machine-cut channel samples taken at Defender-Pine Crow in December will greatly add to our understanding of the tungsten potential there, which we expect will confirm zones of tungsten mineralisation. We have effectively strengthened our exposure to the minerals that are becoming increasingly important to domestic US supply chains, and we are eager to see the Pine Crow-Defender assay results.”
Comment: Tungsten and Nevada sounds rather like Guardian Metal (GMET), one of the stock market’s darlings over the past couple years. Presumably, GWMO would love to be bracketed in the same way, and with the same market cap sooner, rather than later.
Power Metal Resources PLC (POW), the London-listed mineral exploration company and project incubator with a global project portfolio, and its majority held subsidiary Power Arabia Ltd, provided an exploration update on the Balthaga project in the Kingdom of Saudi Arabia, Balthaga is the subject of a mutually binding earn-in agreement with RIWAQ Al-Mawarid for Mining, announced 26 March 2024.1 RIWAQ is a subsidiary of EV Metals Group plc, which is focused on the development of the supply chain for critical raw materials from the exploration, mining and processing of minerals and metals in KSA. Power Metal has fulfilled the initial expenditure requirement, to fund US$350,000 within 12 months and is now a 20% stakeholder in the Project.
Comment: As well as its multiple project holidays, one can say that POW is one of the London market’s most under-rated small caps in the explorer / developer space. On this basis one would regard it as finally getting its just desserts in 2026, in terms of valuation, given how almost all its peers have already done so.
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.
