Powerhouse Energy Group plc (PHE), a UK company pioneering integrated technology that converts non-recyclable waste into low carbon energy with its revenue generating engineering consulting subsidiary (“Engsolve”), announces that the Retail Offer announced on 23 April 2026 and which closed at 16:30 pm on 24 April 2026, was oversubscribed and raised the Company’s target of £250,000, before expenses.
Accordingly, subject to the passing of Resolution 2 at the forthcoming General Meeting (12.00 pm on 14 May 2026), the Retail Offer will result in the issue of a total of 125 million Retail Offer Shares at the Issue Price of 0.2 pence per share. As a result, the Company has raised a total of £650,000 pursuant to the Placing and Retail Offer, conditional on the passing of Resolution 2 at the General Meeting. As previously announced, completion of the Placing provided the Company with a cash runway, to undertake planned activities, until the end of the year. Completion of the Retail Offer now extends this well into Q1 2027.
Comment: Despite the best efforts of the bears to scupper the fundraise, of course, they only do this in the public interest, we have PHE not only getting its money, but it also being oversubscribed. Better luck next time with the corporate sabotage, that goes on unfettered by the authorities.
Total Graphite Plc (TGR), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, provide an operational update for its Madagascar flake graphite projects. TGR said “We are pleased to confirm that we are progressing operations at Vatomina with preparations for ramped-up production are well underway and at an advanced stage. Whilst there is still significant work to complete, the professionalism and enthusiasm of the site team, improvements in planning and operational processes, and upgrades to equipment completed over the past year to date set us on a positive trajectory. It is positive to note demand remains robust for our flake graphite, with new customer inquiries and orders being received as customers seek to diversify their flake graphite supply chains. We look forward to providing further progress updates on our Madagascar operations and the wider Group in due course.”
Comment: A new name for Tirupati, with the company rising like a phoenix from the ashes, with the new look company. As is very often the case with small caps it is all about the three M’s: Management, Management, Management. TGR even has a cohort of very enthusiastic supporters on X- all tweeting from the kindness of their hearts.
Gana Media Group Plc (GANA), the owner of Estadio Deportes, today announced a strategic partnership with Vor Interactive (“Vor”), a provider of AI-powered marketing and content solutions for the iGaming and sports industry. The agreement will see Estadio Deportes integrate Vor’s “Vor Turbo” product across its media platforms to enhance user engagement and drive traffic to Estadio Gana’s betting operation in Mexico.
Comment: Shares of the former Mobile Streams were looking hot ahead of the name change which I presume means “Win” in Spanish. However, despite some vocal enthusiasts on X, GANA does not currently seem to have the mojo that MOS had, at least judging by the year to date stock performance.
EnergyPathways (EPP), the energy transition company, reported that Costain Group PLC has completed a first phase of engineering studies for locating onshore facilities for EnergyPathways’ MESH project at Barrow-in-Furness, Cumbria. Costain evaluated a number of potential site locations and shortlisted them for further evaluation and front-end engineering and design. Costain is now progressing with a second phase of detailed engineering design work for the MESH onshore facilities.
Comment: We are inching closer to the denouement for EPP, but so far not the big announcement from Ed “Net Zero” Miliband and friends. Presumably, given how leaky EPP is, there will be plenty of time to get on board for the journey to 20p and beyond.
First Development Resources plc (FDR), the UK-based, Australia-focused exploration company, announced that it has received formal Notice of Authority to Commence Mining Activities at the Lander West gold target, part of its 100%-owned Selta Project in the Northern Territory, Australia. The notice has been issued by the Northern Territory Government following the Company’s successful application for an Environmental (Mining) Licence (“EML”) (Exploration Licence No: EL32755), and the lodgement and acceptance of the required security bond. This approval represents a key regulatory milestone and enables the Company to proceed with the commencement of mining activities, specifically Reverse Circulation (“RC”) drilling at the Lander West gold Target in accordance with the approved environmental and operational conditions.
Comment: After perhaps a rather slow start to its life on the stock market, we have seen FDR come to fruition as far as near term milestones. It is also the case that given this process we are starting to see the shares catch up with explorer / developer peers.
The Smarter Web Company (SWC) announce the appointment of Oliver Hewett as Group Financial Controller, with immediate effect. Oliver will be responsible for leading the Company’s financial control and reporting functions. He will oversee day-to-day financial operations across the Group and will play a key role in the operational execution of the Company’s activities. He will work closely alongside Mario Visconti, Interim CFO and Head of Projects, as the Company continues to develop and strengthen its finance function.
Comment: While being Financial Controller of a significant listed company sounds wonderful, the rub here at SWC is that whatever one does one’s fate is tied to the mast of Bitcoin. Up to $1m and you are a hero, and down to zero not so good.
Pulsar Helium Inc. (PLSR), a primary helium company, announced that on April 25, 2026, the Board of Directors awarded security-based compensation awards to directors and several members of the senior management team, designed to further increase alignment of such personnel with growth in shareholder value and the future success of the Company. The Board awarded: a total of 5,400,000 stock options, including 3,950,000 to officers and directors of the Company.
Comment: Given what a good job PLSR has done for itself and shareholders, it is perhaps understandable that there are plenty of goodies on offer for the great and the good at the company. What is not to like with the shares up 76% last year and 94% this year.
Rome Resources plc (RMR), the DRC-focused tin and copper explorer, announced that, further to its announcement on 20 April 2026 regarding the conditional direct equity subscription of approximately £1.2 million, certain existing non-UK shareholders of the Company contacted Rome Resources requesting to participate in the financing on the same terms. As such, the Company announced that it has conditionally raised a further £390,000, bringing total proceeds from the Subscription to approximately £1.59 million.
Comment: While we wait for the “big” mother lode in terms of discovery, we see RMR raising money to fund itself further. The good news is that the company appears to have healthy support for its various activities.
Clean Power Hydrogen plc (CPH2) is the developer of market disrupting and IP-protected Membrane-Free Electrolyser technology for the co-production of high purity hydrogen and above medical-grade purity oxygen. The Company has entered into a non-binding Memorandum of Understanding with ABE GRUPPE GmbH (ABE) a subsidiary of BKW Infra Services Europa SE (BKW) to explore the sale and integration of CPH2’s unique technology across its market activities ABE is an integrated service provider in the field of renewable energy and energy infrastructure,
Comment: CPH2 is fast becoming one of the most exciting, growing small cap situations, something that the soaring share price underlines. It would appear that this company has managed to get to escape velocity in terms of deal making, and market appreciation.
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.
