Talon Resources (TAR), the North American gold exploration company, announced the admission of its entire issued ordinary share capital to trading on AIM and the commencement of dealings at 8.00 a.m. on 23 June 2026 under the ticker “TAR”. The Company’s flagship asset is the 90%-owned Eagle Lake Gold Project, located in Ontario’s Dryden Gold District within the prospective Wabigoon Subprovince, comprising 95 contiguous claims covering 1,986 hectares.
Historical exploration at Eagle Lake returned surface sample results of up to 204 g/t Au, while only 26 shallow drill holes have been completed across the Project area. Planned exploration, funded from the Company’s existing cash resources, includes geophysical and geochemical surveys, together with an initial 2,000m diamond drilling programme. Through its collaboration with MINML, Talon is applying machine learning-assisted targeting to support exploration at Eagle Lake and generate new opportunities across the Wabigoon Subprovince, supporting its broader North American growth strategy.
Comment: After a rather long gestation period we finally see TAR come to market. It remains to be seen whether it can stand out in a crowded space in terms of London’s rather large coterie of explorer / developers. The key here may turn out to be Eagle Lake’s scale, as well as minerals lying close to surface, and of course a strong funding position.
Bradda Head Lithium Ltd (BHL), the North America-focused lithium development group, announce the initiation of independent equity research by Greenwood Capital Partners. 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 across Bradda’s portfolio. The initiation research note outlines, among other matters, the investment case for Bradda, the lithium market backdrop as well as the potential upside scenarios associated with the Company’s project portfolio and development pathway.
The report can be accessed here: https://greenwoodcp.co.uk/portal/#/portal/greenwood-capital-partners/research/754e7870-a5bc-4a19-978b-17bfe32f33cb
Comment: BHL has had a transformational year to date, made all the more satisfying by the sharp share price rise, and the fact that the transformation has been so long in the making. As if to shout about this a little more the company is serving up a research note. This should ideally provide a clear roadmap for those who are not familiar with the revamped story.
Pulsar Helium Inc. (PLSR) announced that its President, Cliff Cain, will present at the 2026 Quantum Tech World Conference in Boston, where he will discuss the Company’s discovery and independent verification of helium-3 at its Topaz Project in northeastern Minnesota.
Mr. Cain’s presentation, “Minnesota or the Moon: A Terrestrial Helium-3 Story“ will highlight how Pulsar has confirmed the presence of helium-3 in gas produced from its Jetstream #1 well, with results verified by a U.S. government laboratory.
Comment: As we are by now well aware, PLSR’s strategy has thus far not been to address supply issues in terms of helium, but actually to prove up as much of the stuff as possible. This point is underlined via the latest RNS, along with the message that PLSR has an extremely strategic version of the element.
Gear4music (Holdings) plc, (G4M), the largest UK based online retailer of musical instruments and music equipment, today announced its financial results for the year ended 31 March 2026. G4M boasted “Significant revenue growth, and EBITDA and PBT ahead of recently upgraded market expectations with a confident outlook.”
Comment: After the bump up associated with the heady days of the pandemic, we have seen G4M stabilise at the higher levels in terms of performance. This underlines the way that not only has it got a strong foothold in its chosen niche, but also that the management are steering the company with skill.
EnSilica plc (ENSI), a leading fabless microchip maker with a growing portfolio of reusable IP, serving the Space and Communications, Industrial, and Automotive markets, announced the following update on the Group’s trading performance for the financial year ended 31 May 2026. The financial information contained in this announcement is unaudited and remains subject to completion of the Group’s year-end audit. The Company expects to announce record results showing substantial trading growth over the prior year on all key metrics, a significantly enhanced balance sheet following an oversubscribed £10m equity fundraise in March 2026, and an expanded new business sales opportunities pipeline, up by $200m to $600m (even after $125m of contract wins transferred from the pipeline into supply revenues). Overall, the results reflect the progress of the Group’s continued transition from being a design-led business to becoming a semiconductor design-and-supply company.
Comment: We have what is another top notch update for a company which in 2026 has transformed itself into being one of the few genuine British unicorn contenders. Obviously, we know how highly valued this company would be if it were American. What will be interesting to see if whether some of that US pixie dust can be transferred to this company.
Filtronic plc (FTC), the designer and manufacturer of advanced RF solutions for the space, aerospace, defence and telecoms infrastructure markets, announces a new contract win together with a Group trading update for the year ended 31 May 2026. The Company announced that it has secured a second contract win with a US-based customer for technology used on the satellite. The contract is valued at approximately $0.5m (£0.4m), as part of an initial development phase, to design a state-of-the-art high-frequency module. The award follows the $8.0m (£6.0m) contract announced in March 2026 with the same customer and deepens the relationship with a new technology offering for use on satellite payload, reinforcing Filtronic’s growing position across the satellite communications market.
Comment: This is another company whose fundamentals may be on the up and getting better by the day, but always has the problem that UK investors love to kick tyres on a situation, even when this is unwarranted. Still, this leaves the opportunity for newcomers to grab a decent share price entry point towards 300p.
Hercules plc (HERC), a leading UK infrastructure and construction services group, will hold its Annual General Meeting (“AGM”) today at 11.30 a.m. where the Company’s Non-Executive Chairman, Henry Pitman, will provide the following statement: “Our increased scale has been achieved organically, and through a series of targeted M&A activities, which has required us to invest in new IT infrastructure, systems and controls over the past 12 months and into H1 2026. While not without its challenges, we are pleased with the progress made on this front and are confident that we have a stronger framework from which to drive future growth and operational efficiency.”
Comment: HERC was always going to be a winner off the back of the great government gravy train. One only has to look at the HS2 fiasco, arguably the biggest gravy train ever, albeit with no train in sight. There may be growing pains here, but the trajectory remains clearly positive.
Strategic Minerals (SML), an international mineral exploration and production company, is pleased to provide updates on analytical testing of 2025 drill core and project progress at its Redmoor Tungsten-Tin-Copper Project located in Cornwall, UK. Additional analysis of 2025 drilling identifies further mineralisation outside previously modelled resources while current drilling is progressing well.
Comment: Q1 was stunning for the homegrown UK focused explorers, with share prices rocketing. One gets the feeling that even though the newsflow continues in the right direction, those looking for further multi-bagger gains may not find it quite so easy even if they eventually get the upside they are looking for in plays such as SML.
Tern Plc (TERN), the company focused on value creation from Internet of Things (“IoT”) technology businesses, announces its audited results for the year ended 31 December 2025. The past year has been characterised by focus, discipline and progress against our core objective: converting the value built across our portfolio into tangible returns for shareholders. “Against a continued challenging environment for venture capital, particularly for listed vehicles, we have taken decisive steps to align our strategy with both market conditions and shareholder priorities. Rather than relying on ongoing capital raises to fund new investments, we are focused on our existing portfolio, where we believe opportunities for value realisation are developing.”
Comment: In theory TERN was and is operating in one of the all time best environments for tech investment companies, with the AI boom being the latest of bandwagons to get onto. Indeed, just a few shares in Micron, or even Nvidia could have done the trick. But for some reason TERN does not have any holdings of that ilk.
Tertiary Minerals plc (TYM) announced its unaudited interim results for the six-month period ended 31 March 2026 and to provide an update on operational progress since the release of the Company’s Annual Report in February 2026. The Company’s closing cash (and cash equivalents) position at the end of the period was £77,730. Revenue during the reporting period comprised Sunrise Resources plc management recharges of £52,009 and overhead recharges of £13,708.
Comment: There may be progress at TYM, fundraises and stirrings in the share price. However, the numbers here are on a par with a modest coffee shop rather than a would be Rio Tinto. It is difficult to see how the company is going to move the dial on the basis of what it has delivered of late.
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.
