The Times: Ashtead (AHT) said it was on track to shift its primary listing to the US in the first three months of 2026. America accounted for 98 per cent of operating profits last year and is home to Ashtead’s Sunbelt rentals division. The board concluded in December that the US was the “natural long-term listing venue” for the group and a shift would improve both its liquidity and profile in its biggest market.
Comment: It has been a long, unpatriotic and awkward goodbye from AHT, not only enough to remove the company from everyone’s Christmas card list, but also of course to highlight why moving to the US is such a good idea in current high cost / low rating Britain.
Andrada Mining (ATM), a critical minerals producer with mining and exploration assets in Namibia, has secured additional supply from a tin ore body at Goantagab in close proximity to the Uis mine and processing facility. The ore body located in Goantagab in the Kunene Region of Namibia was extensively drilled by Gold Fields Namibia in the 1980’s confirming, at the time, a non-JORC compliant resource with tin grades of greater than 1%. The relatively high historic tin grades position this deposit as a potential source of high-margin feedstock that is expected to materially enhance throughput at Uis.
Comment: Great company, great strategy, great CEO, great assets, great advisors, great brokers, very poor share price. It would be great if someone, somewhere did something about his state of affairs.
Panther Metals (PALM), the exploration company focused on mineral projects in Canada, announced the signing of two option and purchase agreements (the “Agreements”) to create the Winston Project, a polymetallic high-grade zinc, copper and precious metal volcanogenic massive sulphide (“VMS”) property comprising a critical mineral mine redevelopment and resource building exploration opportunity, located 50 km east of Thunder Bay in Ontario, Canada.
Comment: Modesty prevents me from revealing who said that shares of PALM would hit 51p near term. But at least the shares have responded well to today’s news, and look as though they have more momentum coming.
Altona Rare Earths (REE), a resource exploration and development company focused on critical raw materials in Africa, announced the discovery of high-grade, near-surface gallium mineralisation at its Monte Muambe project in Mozambique. Grades of up to 550 g/t Ga have been recorded in rock samples – an increase of 137% over the Company’s initial discovery in April 2025.
Comment: REE’s CEO always looked to be a chap would come up with the goods as far as finding rare earth’s, something which is very timely given the tariff wars / China export ban we have been treated to in recent months. A doubling of the share price by the end of the summer would not be a surprise.
Coinsilium Group (AQSE: COIN), the Web3 investor, advisor, and venture builder announced that it has received warrant exercise notices over 666,667 ordinary shares of no par value at an exercise price of 3p raising £20.000,01 for the Company. The exercised warrants are among those granted during the Company’s subscription and broker placement, through Peterhouse Capital and SI Capital, as announced on 21 April 2023.
Comment: Someone has done rather well with their 20 grand’s worth of warrants at 3p (10x), and although this cash goes to COIN, it could be said that after recent events, and value creation from its Bitcoin Treasury Strategy, the company does not need the money.
Vinanz Limited (BTC) the London Stock Exchange Main Market-listed Bitcoin treasury company with active mining operations across the United States and Canada, is pleased to confirm that in addition to the approximate £3.029 million raised by the Retail Offer (“WRAP”) as announced earlier today by way of RNS, the Company has also received firm direct subscriptions for a placing totalling £550,000 (gross) at the same issue price of the issue price of the WRAP at 13.75 pence per share.
Comment: Although BTC is certainly in the right space, and has the right promoter in the form of David Lenigas, it is perhaps a little disappointing that shares of the company have so far not rocketed like some of its peers.
Genflow Biosciences (GENF), the only publicly listed longevity company in Europe, provided an update on the continued advancement of its core programs focused on the SIRT6-centenarian gene and its potential to slow aging and delay the onset of age-related diseases. GENF said “Since the start of the year, the Company has made meaningful progress across its research and development initiatives. These advancements have been supported by a strengthened leadership network of world-class academic collaborators and laboratories. Combined with the continued support of international institutional investors and previously awarded government grants, this ecosystem has played a vital role in accelerating Genflow’s scientific and clinical development.”
Mila Resources (MILA), the post-discovery gold exploration accelerator, announced that the Company has raised gross proceeds of approximately £756,000 through a placing at a placing price of 0.7 pence.
Comment: MILA shares soared earlier this month off the back of its success at Yarrol Gold Project in Queensland, Australia, and with the latest raise it looks to exploit this success yet further.
Atlas Mining Group (AMG): “The board of directors of Atlas (is now pleased to report that discussions with the shareholders of one such target, Universal Pozzolanic Silica Alumina Ltd, a privately-owned company incorporated in England and Wales, have progressed to the stage where Atlas signed on 16 June 2025 a non-binding Letter of Intent (“LOI”) to acquire the entire issued share capital of UPSA through a share-for-share exchange.
Comment: After the kick in the proverbials shareholders and even observers of the company suffered at the turn of the year, it is to be hoped that take two as far as AMG’s dealmaking enjoys a rather better fate. At the least the initial share price reaction inspires confidence.
Metals One (MET1), a minerals exploration and development company, provided an update on the ongoing Phase 1 exploration programme at the Squaw Creek Uranium Project in Wyoming, United States. This update follows the Company’s announcement on 22 May 2025, which confirmed the initiation of uranium exploration programmes across its North American portfolio.
Comment: Shares of MET1 continue to regroup after the 55p to sub 10p decline earlier this month. Keeping regular newsflow going seems to be successfully soothing nerves.
East Star Resources (EST), which is exploring for copper and gold in Kazakhstan, announced the commencement of drilling at the first of two high priority VMS copper targets in East Kazakhstan. The first drill hole at Rulikha is targeting the northern most IP anomaly (in the approximately 1,550m west to east and 1,040m north to south anomaly) immediately north of the Rulikha Deposit. The anomaly starts from approximately 100m below surface and is open at depth. Upon completion of drilling at Rulikha, the rig will move to the Talovskoye target.
Comment: It is difficult to work out exactly what the market is waiting for as far as EST is concerned, with the company continuing to be active, and doing so in relation to significant targets.
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.
