* 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.
Admissions:
None
Delistings:
None
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****
Accesso Technology Group 265.00p £101.01m (ACSO.L)
The premier technology solutions provider to the leisure, entertainment and cultural markets, announced the expansion of its long-standing strategic partnership with Adyen, the global financial technology platform of choice for leading businesses. This expanded collaboration integrates embedded payments as a core platform capability across the accesso ecosystem. Accesso and Adyen's partnership is designed to deliver the scale and reliability required for complex, high-volume environments spanning multiple regions and sales channels.
BATM Advanced Communications Ltd 14.5p £51.52m (BVC.L)
The provider of advanced network infrastructure, cybersecurity and diagnostic technologies, announced the sale of Laborator A.M.S 2000 SRL as the Group continues to execute on its strategy to exit its non-core activities and drive focus on its core strengths. The sale of AMS 2000 was completed on 31 December 2025, as announced on 2 January 2026. Further to this, the Group has now sold Laborator AMS, for an additional consideration of $1m in cash, to a laboratory group headquartered in Germany that provides agricultural, environmental, water, food and feed analysis.
European Metals Holding 18.00p £39.79m (EMH.L)
The explorer and developer of mineral resources in the Czech Republic announced that Geomet s.r.o. has been informed it has received Regional Rezoning approval for the Company's flagship Cinovec Lithium Project. The rezoning defines the Project's areas and corridors for lithium mining and processing, including corridors for necessary utility supply developments including water, electricity and gas at all of the Project's sites. It also defines the area for the storage and processing of materials from mining activities and the treatment of lithium concentrate at the Prunéřov Processing Plant site, and the planned tailings management facilities in the Doly Nastup Tušimice mining area. The rezoning application for the Project commenced in March 2022 and has undergone extensive public consultation including two public hearings and a number of written submissions.
Firering Strategic Minerals 1.33p £5.19m (FRG.L)
The producer of lime products and explorer of critical minerals updated on its producing lime asset in Zambia, Limeco Resources Limited, which has completed hot commissioning of Kiln 2, and is now entering the optimisation phase. The asset is progressing toward sustained multi-kiln production, strengthening operating leverage, cash generation potential and strategic and financing optionality, while growing commercial momentum underpinned by successful product validation, international orders, and further opportunities under discussion. The Company also completed the exercise of the third tranche of the Option to acquire a further 5.5% interest in Limeco, taking its interest to 36.2%.
Gaming Realms 34.90p £104.45m (GMR.L)
The developer and licensor of mobile-focused gaming content announced its pre-close trading update for the full year to 31 December 2025. The Company anticipates reporting FY25 revenue of approximately £31.4m, up 10% against the prior year and adjusted EBITDA of £15m, up 15% against FY24. Exchange fluctuations during the year had a negative impact of £0.6m on revenue and £0.4m on adjusted EBITDA. During FY25, the Company launched its Slingo portfolio with 40 new partners globally and successfully introduced its games in South Africa and Switzerland. Content is now active in 30 regulated markets globally. The Company now looks to benefit from further new market openings, including Alberta, Canada, and Maine in the US, as the regulatory landscape continues to evolve and expand.
Hercules 54.0p £41.7m (HERC.L)
The UK infrastructure and construction services Company provided an update regarding its final results for the year ended 30 September 2025. Further to the Company's announcement of 2 October 2025, revenue will be ahead of market expectations at approximately £121m, while adjusted EBITDA and adjusted Profit Before Tax for FY25 remain in line with market expectations. The Company advises that PBT for FY25 is expected to be approximately £0.8m, which will reflect the net effect of the non-underlying and exceptional items. Many of these costs relate to strategic investment by the Group undertaken to strengthen operational capability, enhance controls and scalability, and allow Hercules to capitalise on the significant long-term opportunities arising from the anticipated £725bn of infrastructure investment across the UK. The FY25 results are expected to be released in March 2026, and a further update will be provided in due course.
Panther Metals 77.5p £5.24m (PALM.L)*
The exploration Company announced an update on the Winston Tailings Project where a series of ongoing workstreams are progressing to quantify, evaluate and permit the contained high-grade gold (Au), gallium (Ga), silver (Ag), zinc (Zn), copper (Cu), indium (In) and cobalt (Co) and other recoverable minerals located within the historic Winston Lake Mine tailings storage facility. Tailings sampling work is underway onsite under the geological supervision of independent geological contractors Bayside Geoscience Ltd. The Mineral Resource estimate is being undertaken by independent consultants SRK Exploration Ltd. Upon receipt of the geochemical assay results a bulk composite sample of the Winston tailings will be sent to Extrakt Process Solutions, LLC who will conduct phased metallurgical testwork for the recovery of metals.
Sanderson Design Group 54.50p £34.69m (SDG.L)
The luxury interior design and furnishings Group updated on trading for FY January 2026. Revenue for the year is expected to be £99.5m which is marginally lower than FY 2025’s £100.4m. There is strong growth in brand sales in the US and other overseas markets and a good recovery in third-party manufacturing. Licensing performed robustly primarily reflecting Morris & Co sales. The subdued UK trading continued as expected. The adjusted underlying profits for the year are expected to be at least £5m compared to £4.4m helped by the continued focus on strategic cost-saving initiatives. The net cash continued to build in H2 to approximately £9.8m compared to £5.8m. There is increasing momentum in the business, particularly in the US.
Sunda Energy 0.03p £8.66m (SNDA.L)
The exploration and appraisal Company focused on gas assets in Southeast Asia has announced that it has entered into an unsecured loan agreement with its CEO, Dr Andy Butler for up to £1.5m with an initial draw down of £400k, after entering into an agreement with respect to the proposed acquisition of a portfolio of oil and gas production, development and exploration assets. Discussions on the Proposed Acquisition are at an advanced stage and the Company's Board of directors is hopeful of a satisfactory outcome. The Company also updated on its subsidiary SundaGas, which is continuing efforts to secure a rig to drill Chuditch-2,although the planned contracting of a jack-up rig by the end of 2025 was unfortunately not achieved. The Company has several ongoing initiatives in parallel to secure suitable drilling rigs and is hopeful that it can report positive progress in the near future.
Zanaga Iron Ore Company Limited 7.60p £69.92m (ZIOC.L)
The iron ore exploration Company announced a strategic transaction with Red Arc Minerals Inc, a private investment company focussed on the development of strategic-scale high-grade iron ore assets. ZIOC and its wholly owned subsidiary, Jumelles BVI Limited, have signed a binding term sheet for a proposed strategic investment by RAM in the Company's Zanaga Iron Ore Project. The proposed strategic investment by RAM would enable the completion of essential technical work to advance the Project towards a Final Investment Decision. The binding agreement with RAM is for a two-stage investment of up to US$150m to advance the Zanaga Project toward a Final Investment Decision. The deal is structured as a non-dilutive cash injection, starting with an initial US$25m for a 20% project stake, followed by an optional $125m payment to increase RAM's ownership to 87.5%.
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