Our daily digest of news from UK Small Caps
* A corporate client of Hybridan LLP.
** Potential means Intention to Float (ITF) or similar announcement has been made.
***Arranged by type of listing and date of announcement.
****Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication.
Dish of the Day
Admissions:
None
Delistings:
On Friday 13 February, Artemis Resources Limited (ARV.L) left AIM.
What’s baking in the oven?
Market Movers:***
14 January: GlobalData (DATA.L), the data, insight, and technology Company expects to submit its application to move to the Main Market from AIM and to take place on 5 March.
Banquet Buffet****
Alba Mineral Resources 0.02p £4.66m (ALBA.L)
The gold and critical raw materials focused exploration and development Company confirmed the successful completion of the first stage of the commissioned mineralogical and scoping test work on the Rare Earth, Niobium, Tantalum and Zirconium mineralisation at the Aries Deposit, part of the Motzfeldt Critical Metals Project in south Greenland. All the confirmed mineral species have established global extractive pathways, a key advantage for Motzfeldt. The next test work phases will assess the most appropriate separation techniques for concentrating the key critical minerals.
Altona Rare Earths 2.35p £8.25m (REE.L)
The resource exploration and development Company focused on critical raw materials in Africa announced that it has started to receive assay results from its 2025 drilling campaign at Monte Muambe with approximately 10% of assay results from the 2025 drilling campaign received so fair, the remaining results are expected over the coming weeks. The individual grades are up to 82.76% CaF2 and up to 409 g/t Ga2O3. The weighted average grade of significant intercepts is 31% CaF2, consistent with the Company's expectations and with typical fluorspar mining industry CaF2 grades.
Block Energy 1.05p £9.90m (BLOE.L)
The production and development company focused on Georgia, announced that the Carbon Capture Storage Pilot Study at the Patardzeuli Field has been successfully completed. The study demonstrated that CO2 dissolved in water and injected into the Middle Eocene formation successfully mineralised into stable carbonate rocks within one to three months. This rapid mineralisation process ensures permanent storage with no risk of gas leakage or migration. This technical milestone proves the geological viability of the site for secure, long-term carbon sequestration, moving the Company closer to potential commercial-scale applications.
Buccaneer Energy 0.01p £1.33m (BUCE.L)
The international oil & gas exploration and production Company with a portfolio of production and development assets in Texas, USA, announced the successful completion of an Organic Oil Recovery pilot project in its Pine Mills field in East Texas, with treatment applied to one injector and two of four producing wells in mid-January 2026 and production in the area increasing by 100% after treatment. The average production in the Pilot area increased from 15 bopd to approximately 30 bopd during the post-treatment period and has continued at these levels.
Cadogan Energy Solutions 5.00p £12.56m (CAD.L)
Cadogan Energy Solutions, the independent multi-energy group operating an exploration and production license in Western Ukraine, with two gas exploration licenses in Northern Italy, has successfully started its gas-to-power operations in Ukraine. This installation enables a significant reduction in CO2 emissions associated with oil production, while generating incremental revenue through the sale of electricity to the national grid. The goal is to expand its investments across the energy value chain with a focus on energy solutions and services with a reduced environmental footprint.
Coral Products 9.00p £7.77m (CRU.L)
The specialist businesses in the design, UK manufacture, and omni-channel supply of a wide range of bespoke plastic products has agreed to purchase the assets of AAC Cyroma Ltd. The purchase is from its liquidators for a total consideration of £95,000 in cash from existing cash resources. The integration will be undertaken within the Group's existing operational footprint and is not expected to result in any increase in fixed overhead. The purchase is for selected plant and machinery, goodwill, stock and certain intellectual property with no historic liabilities. The Group expects to retain a significant proportion of AAC Cyroma's former customer base and the transaction should result in between £1.6m and £2.0m of annualised revenue. The acquisition is part of the growth strategy of acquiring complementary assets at attractive valuations to strengthen existing operations and improve asset utilisation.
Cordel Group 4.85p £10.52m (CRDL.L)
The AI platform for transport corridor analytics business reports a new contract with a US Class I railroad. Cordel's alignment with railroad clearance assessment requirements, leveraging LiDAR technology to enable consistent, data-driven clearance evaluations, will be proven as part of a long-term digital inspection strategy. The project will be focused on validating asset management capabilities and LiDAR-based clearance assessments through real-world railroad operations. The initial phase includes capture of up to 3,000 miles of active rail network. This is the third of seven Class 1 Railroads in North America who have selected Cordel reflecting a measured, partnership-driven approach to advancing digital inspection capabilities with operational railroad requirements.
Mercia Asset Management 29.50p £125.67m (MERC.L)
The regionally focused, private capital asset manager with c.£2.0bn of assets under management announced that Tozaro Limited, a UK-based biotech company and one of the Group's direct investments, has completed a £6.0m funding round to support the commercialisation of its Smart Polymer technology. The funding round was led by Mercia through a combination of direct investment (£1.3m) and investment by its third-party managed funds, alongside participation from existing third-party co-investors. Following this funding round, Mercia holds a fully diluted 11.9% direct investment in Tozaro.
Physiomics 0.675p £2m (PYC.L)*
The mathematical modelling, data science and biostatistics Company supporting the development of new therapeutics and personalised medicine solutions today announced its unaudited financial results for the six months ended 31 December 2025. Total income was £528k compared to £354k (six months ended 31 December 2024) while revenue was £498k. The operating loss was £327k leaving cash at 31 December 2025 at £257k. Shareholders' funds were £393k at 31 December 2025.
Rome Resources 0.27p £17.59m (RMR.L)
The DRC-focused tin and copper explorer provided an update on its drilling operations at its Kalayi prospect at the Bisie North project in the Democratic Republic of Congo, located approximately 8km from the world-class Alphamin Mpama tin mine complex. The current drilling programme at Kalayi follows the Company's maiden Mineral Resource Estimate and is specifically designed to test the continuation of high-grade tin mineralisation at depth beneath the existing resource. As of 15th February, a total of 1,602 metres of core drilling has taken place on Kalayi during this current drilling campaign. Recent drilling has confirmed the persistence of high-grade tin mineralisation at depth below the maiden MRE, with multiple significant multi-metre high-grade intervals intersected.
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