LONDON: Pensana PLC (LSE: PRE) announced Thursday it has signed a non-binding memorandum of understanding with Japan’s Toyota Tsusho Corporation for a rare earth offtake agreement, marking a key step in establishing a new sustainable supply chain. Under the proposed terms, Toyota Tsusho could purchase up to 20,000 metric tons per year of ultra-clean mixed…
Category: London Stock Exchange
News and updates from London Stock Exchange
UK’s CPH2 signs green hydrogen deal with Ireland’s constant energy
KILLALA: British green hydrogen firm CPH2 has entered a non-binding agreement with Irish energy developer Constant Energy Ltd to deploy its membrane-free electrolyser technology at a planned hydrogen hub in County Mayo, Ireland. The memorandum of understanding (MOU) follows planning approval for Constant Energy’s Killala Energy Hub, which will integrate wind and solar power to…
Hunter Point Capital acquires 16.1% stake in Equitix in £1.3 billion deal
LONDON: Tetragon Financial Group Limited today announced that Hunter Point Capital (HPC), an independent investment firm providing capital solutions and strategic support to alternative asset managers, has agreed to acquire a minority stake in Equitix, a leading international investor, developer and fund manager in infrastructure. HPC is acquiring a 16.1% stake in the business at…
Valereum invests €1.7 million in fintech firm Fideum Group
LONDON: Valereum Plc (AQSE: VLRM) announced Tuesday a €1.7 million strategic investment in Fideum Group Limited, a blockchain-based fintech company, in exchange for a minority stake. The investment, payable in cash, bitcoin or stablecoin, will be completed in multiple tranches, with the first expected by the end of June 2025 and full completion targeted by…
AstraZeneca, CSPC Pharmaceuticals form AI-driven research partnership
LONDON: AstraZeneca has entered a strategic research collaboration with China-based CSPC Pharmaceuticals Group Limited to accelerate the discovery of novel oral therapies using artificial intelligence. The partnership will focus on identifying and developing pre-clinical candidates for chronic diseases, including a small-molecule oral therapy for immunological conditions. The research will leverage CSPC’s AI-powered drug discovery platform, which analyzes…
Animalcare expands Asia-Pacific presence with investment in Australian veterinary firm, InVetro
LONDON: Animalcare Group Plc (AIM: ANCR) has acquired a 25% strategic equity stake in Australian veterinary pharmaceutical company InVetro Pty Ltd for A$3 million, bolstering its presence in the Asia-Pacific market. The investment aligns with Animalcare’s expansion strategy and follows its January acquisition of Randlab. InVetro will use the funds to scale its commercial footprint, expand its…
MPE Management Co. offers to acquire Renold Plc in £186.7 million deal
LONDON: Renold PLC has agreed to a recommended cash acquisition by MPE Bid Co, a newly formed entity controlled by funds managed by MPE Management Co. The deal, valued at approximately £186.7 million on a fully diluted basis, will be conducted through a Scheme of Arrangement under Part 26 of the Companies Act 2006. Under the terms…
Dundee Precious Metals to acquire Adriatic Metals in $1.25 billion deal
LONDON: Dundee Precious Metals Inc. (DPM) has agreed to acquire Adriatic Metals Plc in a recommended cash and share deal valued at approximately $1.25 billion, the companies announced Friday. Under the terms of the transaction, Adriatic shareholders will receive 0.1590 of a new DPM share and 93 pence in cash for each Adriatic share. The offer values…
URU Metals secures investment to advance Zeb Nickel Project
LONDON: URU Metals Limited announced Tuesday that it has secured a £420,000 investment from a prominent institutional investor to accelerate exploration at its flagship Zeb Nickel Project in Limpopo, South Africa. The investment was raised through the issuance of 12 million new ordinary shares at 3.5 pence per share. The funds will support advanced exploration…
HyProMag USA secures $92 million financing interest from EXIM Bank for rare earth recycling facility
DALLAS-FORT WORTH: HyProMag USA, LLC, a joint venture between CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) and Mkango Resources Ltd. (AIM/TSX-V: MKA), has received a letter of interest from the U.S. Export-Import Bank (EXIM) for up to $92 million in financing to support its first integrated rare earth recycling and magnet manufacturing facility in Texas….
Hercules plc has acquired Quality Transport Training Ltd
LONDON: Hercules plc (AIM: HERC), a leading technology-enabled labour supply company for the UK infrastructure and construction sectors, announced the acquisition of the business and assets of Quality Transport Training Ltd (“QTT”). QTT has a proven track record of supporting unemployed individuals into work through fully funded training programmes, often in partnership with local authorities,…
EARNZ Holdings to acquire A&D for up to £2.8 million in cash and shares
LONDON: EARNZ Holdings Limited, a wholly owned subsidiary of its parent company, has agreed to acquire the entire share capital of A&D for a maximum consideration of £2.8 million, the companies announced. The deal includes an initial payment of £1.3 million, consisting of £840,000 in cash at closing, £200,000 held in escrow contingent on A&D…