Sunda Energy Plc

Sunda Energy PLC has raised £5.25 million to fund completion of its New Zealand acquisition, and is launching a retail offer for a further £525,000. Meridian Mining Plc reported a net present value of $2.09 billion for its Cabaçal project in Brazil, with its CEO saying the economics could make it the next major near-term gold-copper mine. Quantum Helium Ltd is targeting Q4 2026 for a larger fracture stimulation programme at Sagebrush-1 in Colorado, and is taking a 9% stake in Herencia Resources. Light Science Technologies Holdings PLC secured a repeat order from a healthcare devices customer, pushing that contract past £500,000, as it builds out higher-margin work in the defence and medical sectors. Foresight Solar Fund Ltd said it is considering all strategic options to lift a share price stuck below the value of its assets, with the board saying it needs to act decisively to close that gap, while hVIVO PLC appointed Caroline Shaw as an independent non-executive director, bringing more than 30 years of senior healthcare leadership to the board.

Diversified Energy Company PLC has agreed its biggest-ever deal, paying $1.8 billion for Permian Basin producer Birch, a move expected to boost production by around 35%. In other corporate news, Galliford Try Holdings PLC has landed a £110 million contract to build a 23-kilometre pipeline for Severn Trent to improve water quality in the River Mease. Sunda Energy PLC saw a major upgrade at its Halcon prospect offshore the Philippines, now assigned 8 trillion cubic feet of gas resources, giving Sunda a net share of 3 Tcf. Rockfire Resources PLC reported promising early processing tests at its Molaoi zinc project in Greece, with ore classed as "Medium-Hard" and within normal grinding energy requirements. Solvonis Therapeutics PLC received a key European patent allowance for its PTSD drug candidate SVN-114, calling it a vital milestone. Futura Medical PLC has initiated a formal sale process for the business behind its Eroxon gel and raised £1.6 million to fund the process.

ACG Metals beat its full-year oxide production target in just six months, helped by a 64% jump in its realised gold price to $4,838 an ounce. First copper and zinc concentrate production is now expected in August. Rockfire Resources returned strong zinc and silver grades at its Molaoi project in Greece, with preliminary readings showing zinc values as high as 37.7%, and is fast-tracking feasibility studies and permit applications to reopen underground workings. Sunda Energy applied for a permit to explore an offshore area of New Zealand's Taranaki Basin covering around 645 square kilometres, triggering a three-month window for competing bids. CelLBxHealth remains on track for revenues of at least £2.1 million this year, up 50% on 2025, while searching for a new chief executive with no impact on trading expected. Poolbeg Pharma raised £3.5 million through a placing to fund two clinical trials and strengthen partnering discussions, extending its cash runway into the second quarter of 2028.