Catenai PLC (CTAI), the AIM quoted provider of digital media and technology, announces that, Alludium Ltd will launch its AI Agent collaboration platform at Web Summit in Lisbon from 10-13 November 2025. Alludium (alludium.ai) is developing an Agent Operating System that enables users to create, deploy and share custom agents through conversation, no coding required.
Unlike traditional AI tools that operate in isolation, Alludium’s platform allows multiple AI agents to collaborate with each other and with users, building institutional memory and automating workflows across organisations.
Comment: The market was clearly anticipating the next significant news of Alludium, and it has served up something that fits the bill. What we are probably looking to now is market take up from organisations. That said, everyone loves a good automated workflow.
Bezant (BZT), the copper-gold exploration and development company, announces the publication of a Feasibility Study Report Summary in relation to the Hope and Gorob mining project which has been prepared by independent consultants Sound Mining International Limited. BZT said “Since 2022, various companies and sub-consultants have collaborated on the development and feasibility of the Hope and Gorob project however a single consolidated report encompassing all contributions has not been compiled. The Report is a summary of these contributions including a technical report on how the NLZM Processing Plant, following completion of the proposed acquisition, will be used in the development of the Hope and Gorob mine. This Report provides shareholders with a summary of the work done to date and how Hope and Gorob will be developed.”
Comment: Hope and Gorob continues to be the jewel in the crown for BZT, something which the company is clearly keen to signal to shareholders and the market. Given how strong sentiment in the small cap resources space is, and should continue to be, BZT appears increasingly well placed.
Getech (GTC), a world-leading locator of subsurface resources, is pleased to announce a recent period of strong trading, signing twelve contracts over the last month for its products and services, worth together c. £333k, of which c. £300k is expected to be recognised within the current financial year. Three of the contract wins were with customers that are new to Getech’s products and services. The remaining contracts represent additions to the Group’s existing orderbook, which now stands at £4.1 million (30 June 2025: £3.8 million).
Comment: Those stock market intellectuals who read the RNS Hotlist regularly will have noticed that there is a pattern of many of the small caps serving up decent contract wins / having strong pipelines. Obviously, only the best are covered here. But it is a thing for late 2025.
Solid State plc (SOLI), the specialist value-added component supplier and design-in manufacturer of computing, power, and communications products, is pleased to announce that its subsidiary Steatite Ltd has secured an initial order valued at US $10.8 million under Project CAIN, a major defence programme, for a UK Government end user. The order represents a significant milestone in Steatite’s ongoing strategy to deliver cutting-edge, mission-critical technologies to the UK’s armed forces and security community. Under Project CAIN, Steatite will supply a range of secure, ruggedised systems including the MPU5 and Wave Relay Radio Technology from Persistent Systems, supporting advanced operational capabilities in challenging environments.
Comment: A combination of the run up to WWIII, the bloated UK government gravy train, and presumably great skills from SOLI, all mean that the company is in the right place at the right time. The shares are at the low end of the range, so there is everything to play for in terms of investors who like the story.
Gem Diamonds Limited (GEMD) provided the following trading update detailing the Group’s operational and sales performance from 1 July 2025 to 30 September 2025. Carats recovered during the Period were 22 268 (Q2 2025: 23 547). Three greater than 100 carat diamonds were recovered during the Period and a 319 carat diamond was recovered after the Period, bringing the total year to date recoveries of greater than 100 carat diamonds to eight.
Comment: The problem for GEMD is that it could dig up more diamonds than a James Bond move and the market would still not be impressed. What it really needs is for diamonds to be hit with a China export ban, and be classed as a critical mineral, which unless you are a lady hoping for an engagement ring is probably.
Pulsar Helium Inc. (PLSR), a leading helium exploration and development company, is pleased to announce a major milestone at its flagship Topaz Project in Minnesota. The Jetstream #3 well commenced drilling on October 17 and has encountered pressurized gas with a calculated bottom-hole pressure of approximately 960 psi, underscoring a highly charged gas reservoir. This development marks a significant step forward in the ongoing drilling campaign, building on the success of the earlier Jetstream #1 and #2 wells and confirming the continuity of the helium-rich system.
Comment: PLSR continues to finesse its recent newsflow by bringing the focus back to Jetstream, an asset that continues to look more exciting with every update. This should ensure that the shares now remain on the right side of 40p recent support.
European Green Transition (EGT), a company seeking to acquire and transform revenue stage businesses supporting the green energy transition in Europe, announces that it has entered into an exclusive option agreement with Recovery Metals Cyprus Limited to sell its Pajala Copper Project in Sweden. EGT has entered into an exclusive six-month option agreement with RMC for the potential sale of the Liviövaara nr 101 and Lehtosölkä nr 101 exploration licences in northern Sweden.
Comment: EGT delivers one of its most significant and well received announcements to the market, something which may be a reminder that in the wake of the big critical minerals turnaround of 2025 that the company could be a major beneficiary of the current environment.
Empire Metals Limited (EEE), the AIM-quoted and OTCQX-traded resource exploration and development company, announce that is has raised gross proceeds of £7 million by way of a subscription of 17,500,000 new ordinary shares of no par value in the capital of the Company at a price of 40 pence per ordinary share to existing institutional shareholders.
Comment: We have seen the wind taken out of the sails of EEE of late, even before the latest fundraise, and now have the prospect of a battle between those who think that the best of the rally here has run its course, or that operational progress will deliver fresh gains.
Seplat Energy (SEPL), a leading Nigerian independent energy company listed on both the Nigerian Exchange Group and the London Stock Exchange, announces its unaudited results for the nine months ended 30 September 2025. In 9M 2025 we delivered further production growth, underpinning FY2025 guidance, which we narrow to the upper half of the range at 130-140 kboepd. Generated over $1 billion in after tax CFFO, up over 180% YoY, supporting our Capital Markets Day ambitions. Strong cash generation delivers a reduction in net debt to $386 million, with net leverage improving to 0.27x ND/EBITDA, and aligned with CMD capital allocation plans, declare 7.5 US cents per share dividend for 3Q 2025, +63% QoQ.
Comment: Shares of SEPL remain in a textbook uptrend, something which has been in place for the past three years. Cash flow mixed with debt reduction should continue to make for a heady mix, and dare one say it, make the company attractive to potential M&A.
Rome Resources (RMR), the DRC-focused tin and copper explorer, announced the publication of its maiden mineral resource estimate (“MRE”) for its Bisie North Project, confirming the presence of a large, multi-metallic tin-copper-zinc system across the Company’s Kalayi and Mont Agoma prospects.
Comment: The criticism of RMR has been that the company was touting a significant asset at Bisie North, and was missing confirmation. We now have it, something which suggests that the shares which are essentially only where they came to market at are being treated rather unfairly to say the least.
ValiRx Plc (VAL), a life sciences company focusing on early-stage cancer therapeutics and women’s health, announced a fundraising to raise up to £1,050,000. VAL said “The Company now operates a lean model building on the restructure implemented earlier in the year and the funds will be used primarily to expand our evaluation pipeline whilst progressing existing SPVs, Cytolytix, Blue Ribbon and the 3K screen program through Inaphaea as we aim to deliver significant value accretion throughout 2026.”
Comment: One can tell the biotech sector is hot if VAL can get a £1m placing away. That said, is the cash enough to deliver all that is in the pipeline, and how much £ will all the value accretive initiatives deliver?
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.
