Catenai PLC (CTAI), the AIM quoted provider of digital media and technology services, announced that it has renewed its IT services contract with Charlton Athletic Community Trust for a further 12 months. The Company also provides an update on Klarian Ltd, a company to which Catenai provided a £450,000 unsecured convertible loan note facility (CLN).
Under the terms of the Extension Agreement, Klarian will repay Catenai £699,160 due under the CLN and related fees by 15 May 2026 together with an additional fee of 3% per month (or part thereof) which will accrue on the outstanding balance until repayment. There can be no certainty that Klarian will complete the Repayment in full by the Repayment Date. Klarian has advised the Company that it is in discussions with investors and has made significant advancements with its commercial sales pipeline, which now exceeds £5 million.
Comment: One could perhaps say that even if the CLN is not paid / fully paid by the middle of next month, Klarian will be in a position to pay it back sooner rather than later. It is also the case that CTAI would appear to have made a decent investment, whatever the timelines on repayment are.
Wishbone Gold (WSBN) announced that a Reverse Circulation (RC) rig is mobilising from Perth to the Company’s Red Setter Project in the Paterson Province of Western Australia, located 20km south-west of Greatland Gold Plc’s (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd’s (ASX: CYM) Nifty copper mine. The first phase of the 2026 drilling contract is for an estimated 3,500m of RC drilling at Red Setter, with the second phase of the contract for a further 4,500m of diamond drilling planned to start in about 3 weeks.
Comment: It really is drill, baby, drill for WSBN, combined with the tagging of the big named neighbours it has. While the latter is obviously not a guarantee of success, it is the case that the shares have started to stabilise at the lower levels.
Metir plc (MET), the international provider of advanced water and environmental monitoring technologies, announced the appointment of three new international distributors through its Modern Water subsidiary. In the Kingdom of Saudi Arabia and Bahrain, Ali Salman Al Sinan has been appointed as an authorised distributor, further expanding the Group’s presence in the Middle East Gulf region. The distributor will initially supply Modern Water’s Microtox® LX and FX instruments.
Comment: MET continues to be a key player in the currently very much in focus Middle East space. Given the conflict currently it is noted how its services are more key and more welcomed than ever.
Roadside (ROAD), the UK energy forecourt real estate business, was notified on 15 April 2026 that Charles Dickson, Chief Executive Officer, has purchased a total of 410,000 shares at a price of 60.15 pence.
Comment: At least in terms of the share dealing we can see the CEO here leading from the front. This is helpful in the wake of the recent highly significant deal making, as well as him continuing to buy near the highs – underlining the value here.
Reabold (RBD), the investing company focused on developing strategic gas projects for European energy security, noted the recent media article in the Telegraph newspaper on 19th April 2026 and issues the following clarifications. The significant onshore natural gas resource at the West Newton site in Yorkshire has and will continue to be progressed for the benefit of UK energy security, which is particularly important at this time of significant geopolitical uncertainty. In addition, Reabold will continue to engage with all stakeholders, both locally and nationally, to ensure the optimal development pathway for West Newton is achieved. The Company is exploring the potential to deploy a small-scale power generation facility at the West Newton A well site to mine bitcoin from initial flows of gas following the upcoming well workover, to demonstrate the ability to use West Newton gas to fuel datacenter developments that will be crucial to the future UK economy.
Comment: A great PR coup for RBD if nothing else. Although perhaps this has been somewhat drowned out by the way that in Labour’s Britain, the preference is to run out of imported energy, rather than upset the environment, offer cheap utility prices.
Andrada Mining Limited (ATM), a tin producer with a portfolio of critical minerals mining and exploration assets in Namibia, has successfully completed a private placement with strategic investors. The Company has raised USD11 million (£8.1 million) before expenses through a placing in the Company at a price of 3.6 pence per share. ATM said “The completion of this placement with some key strategic investors, comes at a pivotal juncture for Andrada. The funding allows the Company to scale up operations and advance various growth initiatives, whilst deriving maximum benefit from the high commodity price environment. Importantly, this fundraise completes the current equity financial requirements for the Group. This funding, along with current tin prices and production provides the pathway for the Company to complete its expansion programme at Uis, with the exploration programmes at Lithium Ridge and Brandberg West already funded by strategic partners SQM and BWCAM.”
Comment: Despite the great credentials of ATM, including great assets and management, we are still waiting for the company to get over the line perhaps more on the share price front than operationally. At least today’s strategic investment is a badge of honour.
Firering Strategic Minerals plc (FRG), a producer of lime products and explorer of critical minerals, provided a commercial and operational update on Limeco Resources Limited, its producing lime products operation in Zambia. FRG said “This is an important moment for Limeco. Formalising a two-year offtake contract with a major international copper producer – a customer we have been supplying for several months – validates Limeco’s product quality and position as a reliable supplier to the Zambian mining industry. Reaching effectively breakeven in March, alongside a rapidly expanding commercial pipeline and the successful modifications to Kiln 2, gives us real confidence in the trajectory of the business.”
Comment: FRG should have been one of the main explorer / developer plays of the recent boom in this area. This may mean that the company is the next to leave the station, especially given the pipeline and offtake position it is now in.
Helix Exploration PLC (HEX), the helium exploration and development company advancing the Rudyard Helium Project in northern Montana, announced that it has been selected by Renaissance Philanthropy’s Chimaera Fund to participate in the Air Force Geologic Hydrogen Energy Resilience Initiative, a demonstration programme assessing whether geologic hydrogen can strengthen energy resilience at critical Air Force Bases.
Comment: Just in case one was not fully aware of how strategic and how important HEX’s activities are, we have a big thumbs up from the USAF, something which should be more than enough for the share price to build on the recent sharp rally yet further.
Active Energy (AEG) provided an operational update on its UAE activities. The Ghummud site is now fully energised ahead of schedule, with deployment of modular digital infrastructure already underway. Based on current progress, the site is expected to be operational materially ahead of the previously indicated 10-12 week timeline. This milestone further validates the Company’s strategy of acquiring existing grid connections as a faster, more capital-efficient route to revenue generation. Rapid energisation and deployment significantly compress timelines, reduce execution risk, and provide a clear pathway toward the targeted 100MW rollout.
Comment: Given all that is going on in the Middle East at the moment, it is very much the case that AEG’s activities there in the energy space are more necessary, more valuable and more profitable. The market is slowly cottoning onto this. But one suspects that this realisation is going to be progressively appreciated in share price terms over coming weeks.
Rome Resources plc (RMR), the DRC-focused tin and copper explorer, announced that it has conditionally raised approximately £1.2 million (before expenses) by way of a direct subscription at a price of 0.30 pence. The board of directors of Rome Resources currently intend for the net proceeds of the Subscription to be used to: Enable the Company to continue drilling at its Kalayi project to provide further resource expansion beyond the next planned Mineral Resource Estimate (MRE) update; Enable the Company to drill the two high-graded copper and tin targets at Mont Agoma; and Enable the Company to conduct an airborne geophysical survey which is currently being planned in order to assess further exploration targets within the remit of Rome Resources’ licences. The Company believes that the planned Kalayi MRE update will further strengthen its position regarding discussions with potential strategic partners.
Comment: Given the explosion in the space since RMR came to market, it is of course disappointing that the shares have so far caught none of the upside that many of its peers have. This is even as compared to peers that are not sitting on much at all. Of course, all that drilling for the mother lode needs cash.
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.
