Halo Minerals PLC (HALO), the copper development company focused on extracting critical minerals from legacy mining waste, announced the initiation of independent equity research coverage by Equity Development. The research provides investors and other market participants with an independent analytical framework through which to assess the Company, its development strategy, and the potential value drivers associated with the Playa Verde project.
The initiation research note outlines, among other matters, the investment case for Halo Minerals, the copper market backdrop, Chile as a mining jurisdiction, the technical and environmental characteristics of tailings reprocessing, Halo Minerals’s Playa Verde project, and potential upside scenarios associated with the Company’s resource base and development pathway.
https://www.equitydevelopment.co.uk/research/tag/halo-minerals
Comment: It would appear with the recent, nascent turnaround in the HALO share price, that the message regarding the company’s potential bonanza at Playa Verde is starting to get through. Therefore, the appearance of a Equity Development research note is timely, and should provide more colour on the company for those who are yet to be as informed as they should.
Coiled Therapeutics (COIL), the clinical-stage oncology company developing precision medicines for hard-to-treat cancers, announces the appointment of Professor Guru Sonpavde, MD and Dr Alexander Spira, MD PhD FACP as founding members of its Medical Advisory Board. Their appointments further the clinical leadership supporting AO-252 as the programme advances through Phase I development following encouraging early clinical signals and follows the recent addition of Professor Ozgur Sahin as Scientific Advisor to the Company.
Comment: The trend for advisory boards is all well and good in terms of small caps trying to build credibility, and is worth a few RNS updates such as today. However, one gets the feeling that unless we are dealing with the Wellcome Trust, an advisory board is generally rather OTT for most companies.
RC365 Holding plc (RCGH), an established payment solutions and fintech company (the “Company”) is pleased to announce that its wholly-owned Hong Kong subsidiary, Regal Crown Technology Limited, has entered into a Merchant POS Agreement with StarCruises International Limited. Under the terms of the agreement, RCTECH will deploy its Merchant Owned Ecosystem POS, which forms part of the RC3.0 App (“RC3.0”), including digital asset (cryptocurrency) acceptance functionality, for use by StarCruises’ customers.
Comment: It would appear that there were some in the market who already successfully guessed that the latest announcement from RCGH was on its way, and would be significant. This makes it all the better that the shares have resumed the latest break to the upside, and it will be interesting to see how much follow through there will be in coming days.
Roadside (ROAD), the UK energy forecourt real estate business, announced that, further to the announcement on 13 April 2026, it has now completed the £28.6m acquisition of Hoch Group Ltd. The Hoch portfolio comprises of 12 premium-quality, operational petrol station forecourts (“PFS”) and a standalone convenience store, which are strategically clustered predominantly in Cumbria, Northwest England. The Group has also agreed a new £25 million revolving credit facility, with an additional £10 million accordion facility from HSBC to fund its acquisition pipeline, including Hoch.
Comment: ROAD now has a decent deal under its belt, and is all cashed up to further expand its footprint, in an exciting niche which is right on the zeitgeist. What is also pleasing is the way that the shares are finding support at and above the key £100m market cap zone.
Georgina Energy Plc (GEX), a helium and hydrogen exploration company with strategic permits in Australia, announced the payment, to Ensign Australia Pty Ltd, of the deposit for the supply of the Ensign 970 drill rig for the scheduled Q3 2026 drilling work at the 100% owned Hussar prospect EP513. GEX said “Georgina is fully committed to the drilling and development of its wholly owned Hussar EP513 Project. We are pleased the deposit for Drill Rig Mobilisation for the supply of an Ensign Drill rig has been paid. The necessary preparatory planning and civil engineering works required have commenced in order to enable the drill testing of this exciting prospect in Q3 2026. With 300 km2 of a real closure, the Hussar prospect is one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects on shore in Australia.”
Comment: Having had to bear the brunt of crackpot / malicious commentary since even before listing, if nothing else one has to commend the management at GEX for having the strength and the gumption to not only keeping the dream alive, but making it become a relatively. We are once again reminded of how big a deal Hussar is in today’s RNS.
GreenX Metals Limited (GRX) announced that it has completed an early-stage mineralogy and processing study for its Tannenberg Copper Project (Tannenberg or the Project) in Germany. GRX said “This mineralogy study confirms that the copper is contained in the same size and style of minerals as the producing Polish Kupferschiefer mines. This independent review supports a potential conventional flotation processing route, which reduces technical risk at this early stage. This gives us confidence that Tannenberg appears to have the right ingredients to follow a proven development pathway, and we will advance metallurgical test work to unlock that potential.”
Comment: While it may be somewhat premature to sing victory as far as market appreciate of GRX, and its share price, the £252m Polish award notwithstanding, it does appear that investors finally get the opportunity at the company. This is despite the £156m market cap currently.
Arrow Exploration Corp. (AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to provide an update on operational activity at the Icaco field on the Tapir Block in the Llanos Basin of Colombia where Arrow holds a 50 percent beneficial interest. AXL said “The success of the Icaco-2 well indicates that the Icaco discovery may be material to Arrow. Future projects at Icaco are expected to include both horizontal and vertical development wells. Arrow has spud its first horizontal well in the Ubaque Formation at the Icaco pad. Integrating multidimensional technical data supports significant flow potential in Icaco Ubaque wells. Strong netbacks and successful horizontal wells support payout occurring in months. This adds significant value and materially improves our positive balance sheet.”
Comment: The oil price may be back in the $70s, but it would appear that after a rather long wait, the market has finally started to appreciate the merits of this high strike rate operator. One would expect the stock to add considerably in coming months to the already 3x recovery we have seen since the autumn.
Cadence Minerals plc (KDNC) announced that mobilisation of the Azteca restart programme at the Amapá Iron Ore Project in Brazil has been completed and refurbishment works are underway across the principal processing, infrastructure and electrical workstreams. Execution activities are progressing on schedule against the current refurbishment programme, advancing the project towards commissioning and operational readiness.
Comment: While we have been treated to increasingly encouraging progress at KDNC in recent months, with the project progressing well, it has perhaps been the share price, up 112%, after being up 100% last year, that has really provided the most satisfaction.
GSTechnologies Limited (GST), the fintech company, is pleased to announce that it has entered into a US$10 million unsecured term loan facility agreement with Clarivan Group Kommanditbolag, a company incorporated in Sweden. The Company intends to utilise the Facility to provide additional working capital and financial flexibility as it progresses its strategic growth initiatives, including for potential strategic acquisitions.
Comment: $10m is nothing to be sniffed at and represents the kind of sugar daddy scale investment that should be transformational for GST. Indeed, the market should be rather more excited about this than the 12% share price rise we have so far seen today. We have been looking for 0.8p on a break of 0.8p.
GEO Exploration Limited (GEO) announced the initial results from airborne geophysical surveys collected over the Gorge Project in Western Australia. GEO said “We are very pleased with the progress being made at Gorge Project. The airborne survey programme has been completed safely and ahead of schedule, and the initial results are already providing valuable new insight into the structure, geology and target potential of the Project.”
Comment: The run up to today’s news has seen shares of GEO appear very well poised as far as a potential break to the upside, and one would suggest that they will be able to achieve the big breakout through 0.16p by the end of June or even sooner.
Switch Metals (SWT), the critical metals company focused on tantalum and lithium in Côte d’Ivoire, announced the commencement of its maiden drill programme at the Issia Project. The programme will test two priority hard-rock pegmatite targets identified across the Company’s district-scale licence package: the Zraty tantalum-bearing pegmatite target and Kabore spodumene-bearing lithium target.
Comment: SWT probably deserves to have more than the one or two, literally one or two supporters on X singing its praises as if it is going to be the next Rio Tinto. Perhaps it will be, but given how many other explorer developers there are out there, it will take the odd mention in the RNS Hotlist and even more, to get the share price up where it belongs towards 20p.
80 Mile PLC (80M), the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy, is pleased to provide an update on recent developments across the Company’s portfolio. 80M said “The clarification received from the Greenlandic authorities is an important development for the Jameson Project. It not only protects our existing hydrocarbon rights but also confirms that no third party can be granted overlapping mineral rights within our licence area, creating additional opportunities across minerals, industrial gases, helium and hydrogen. This further strengthens the strategic value of Jameson as we continue to advance the project towards drilling. Drilling at the Disko Project is expected to commence shortly and will represent the first systematic drilling programme ever undertaken in the area. Following several years of geological and geophysical work, we look forward to testing several high-priority targets and providing further updates as the campaign progresses.”
Comment: It is perhaps a little disappointing that shares of 80M have not been able to stay above the 1p level, achieved a couple of months ago, especially given the ongoing campaign process. But the stock is still well up on 2026, and is currently bouncing / attempting to bounce off its 200 day moving average at 0.8p.
Guardian Metal Resources plc (GMET), a strategic mineral exploration company focused on tungsten in Nevada, USA, announced the acquisition of Lincoln Estates Group LLC which includes 841 acres of real property as well as 2,540 acre-feet of annual water rights. Lincoln Estates is located less than 10 miles from the Company’s Tempiute Tungsten Project, located in south-central Nevada less than 250 miles (402 km) southeast of the Company’s Pilot Mountain Tungsten Project. Tempiute, formerly known as the Emerson Tungsten Mine, is a significant past producing tungsten mine, which was originally discovered in 1916 and most recently operated during the 1980s.
Comment: Although one might suggest that GMET already has enough on its plate as far as exploration targets, and work to do, it would appear that there is no harm in expanding the footprint a little more. Clearly, with a market cap of nearly £500m, the company has the bandwith and the funding potential to do so.
GreenRoc Strategic Materials Plc (GROC), a company focused on the development of critical mineral projects in Greenland, announced that its subsidiary company, GreenRoc DK a/s, has signed an advisory services agreement with the European Investment Bank (“EIB”) under which the EIB will provide independent advisory support to help advance the Amitsoq graphite mine and planned active anode material processing project towards financing readiness. The Company has also received approval from the Government of Greenland for its field programme, consisting of Phase III drilling at Amitsoq in South Greenland. At the Company’s pilot plant for active anode material, the team has successfully installed and commissioned the laboratory facilities required for quality assessment of graphite products.
Comment: Shares of GROC have rather come down to earth over the past couple of months, something which might appear rather counterintuitive as far as the relationship between newsflow and share price. Perhaps some in the market are not as patient as they should be. The charting support zone should be just below 3p.
Likewise Group plc (LIKE), the fast-growing UK floor coverings distributor, is holding its Annual General Meeting (AGM) later this morning and is pleased to announce further substantial progress as they approach the end of H1 26. Year to date Total Group Revenue to 16 June has increased by 17.0% on a like for like basis, with June month to date 20.8% ahead. All of the projects previously reported in Glasgow, Leeds, Derby, Newport and East Midlands are on schedule to provide significantly more operational capacity for H2 26 and FY27. The Board will meet later today with key topics being further investment to capitalise on the many opportunities before the Group’s businesses across the UK.
Comment: Although perhaps not the most exciting area of business, flooring, it would appear that the powers that be at LIKE certainly know their trade, and know how to take the business forward even in the current tough environment. Indeed, they have used being listed successfully.
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.
