UK small-cap RNS · 27 Aug 2026

Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.

Key = all announcements except routine filings (voting rights, buybacks, holdings, director forms), plus the ones that are part of a situation. Not investment advice.

Sort: Newest · Largest companies

16:50

Rockhopper Exploration RKH £647m
Results of Placing & Restoration of Trading Results
Completes the c.US$180m placing at 70p to fund the 35% share of OSX-1 and CDA acceleration. It was significantly oversubscribed, but adds about 22% new shares to the register.

Dilutive fundraise £132.4m · 20% of mcap +7.8% on the day

Moved: Equity raise for OSX-1 share: Placing launched; bookbuild open, Open Offer to follow → Placing completed, oversubscribed; Open Offer to follow
08:50

Tungsten West TUN £548m
Holding(s) in Company Holding
07:06

Celsius Resources Limited CLA £9.3m
Corporate update
Equinaire's counterbond let the TOP be lifted and it set a public auction of Celsius's 40% MMCI interest for 8 September with a US$5m minimum bid. This puts the asset behind MCB at risk.

Legal & regulatory −10.0% on the day

Moved: MCB copper-gold project development: TOP lifted; reconsideration and arbitration pending → TOP lifted; auction noticed for 8 September · Sodor 60% MCB interest transfer: Arbitration ongoing; Sarmiento-led MMCI board acting → Sodor consignation filed; arbitration continues
07:01

IWG IWG £1,745m
Director/PDMR Shareholding Director dealing
Insider conviction +3.3% on the day
07:00

Crimson Tide TIDE £6.4m
Contract Extensions with Public Sector Customers
Two public sector customers extend for 12 months at combined ARR of £211k, keeping recurring revenue after FY26 churn. These are extensions of existing contracts, not new orders, and only run for 12 months.

Turnaround plan with targets £0.2m · 3% of mcap4 new orders in 3 months – usually about 1 +2.9% on the day

Moved: Turnaround and churn reduction: Audited FY26 results show profit; rebuild under way → Rebuild under way; more renewals secured
07:00

NAHL Group NAH £22m
Proposed sale of Searches UK Limited
Binding conditional sale of non-core Searches UK for £1.234m EV (5.25x Adjusted EBITDA) is tiny; proceeds go to repaying the RCF, trimming borrowing costs, but CMA approval is still needed.

Disposal of a part (break-up) £1.2m · 6% of mcapfirst in 1 year +5.4% on the day

Moved: new: Searches UK disposal – Binding conditional agreement signed, awaiting CMA approval · Strategic options for shareholder value: Review ongoing; Board acknowledges uncertainty → Review ongoing; first disposal agreed, uncertainty acknowledged
07:00

Rockhopper Exploration RKH £647m
Proposed Capital Raising
Raises about US$180m (£132.4m) at 70p to fund its share of OSX-1 and CDA acceleration; dilution is about 22% of existing shares, but the discount to the 30-day VWAP is a modest 4.9%.

Large acquisition / reverse takeover £132.4m · 20% of mcapoutlook positive +0.1% on the day

Moved: Equity raise for OSX-1 share: Placing and Open Offer under consideration → Placing launched; bookbuild open, Open Offer to follow · OSX-1 FPSO and CDA acceleration: OSX-1 acquisition; CDA now in NSAI evaluation → Funding being raised; CDA FID targeted mid-2028 · Sea Lion Phase 1 development: On track; FPSO en route to Asian yard → On track for first oil Q1 2028
07:00

Jadestone Energy JSE £241m
2026 Half Year Results Results
H1 swung to a US$4.8m loss and unit costs rose, but EBITDAX held flat, net debt fell to US$25.7m after the bond refinancing, and July's guidance cut is unchanged.

Project milestones outlook mixed3 business updates in 3 months – usually about 2 +0.0% on the day

Moved: Nam Du/U Minh Vietnam development: Farm-out bids due end-July; FPSO bidder selected → Farm-out in final negotiations; FPSO contractor approved · Stag field shut-in after cyclone: Replacement CALM buoy planned; restart Q2 2027 → Replacement buoy secured; restart Q2 2027 · CWLH FPSO reconnection: Repairs planned; restart targeted around end Q3 2026 → Restart still targeted around end Q3 2026
07:00

Alien Metals Limited UFO £6.8m
Elizabeth Hill Diamond Drilling Confirms Silver
Diamond Drilling Confirms Bonanza-Grade Silver and Extends Mineralisation at Elizabeth Hill

Project milestones outlook positive +4.4% on the day

Moved: Elizabeth Hill silver drilling: Final RC assays in; diamond drilling nearly done → Final diamond assays in; MRE update Q4 2026
07:00

Pulsar Helium Inc PLSR £144m
Financial and Operating Results Q3 2026 Results
Pre-revenue nine-month net loss more than doubled to $19.4m on $8.0m of drilling spend and a $3.4m non-cash warrant loss. Total assets of $9.2m are topped up by the post-period raise.

Project milestones £19.0m · 13% of mcapoutlook positive3 business updates in 3 months – usually less than 1 −0.8% on the day

Moved: Equity placing: Retail offer launched alongside placing → Placing completed: £19.0m gross at 75p (closed) · Topaz multi-well drilling campaign: Production wells funded by proposed raise; plant unfunded → Raise completed; plant definitive agreement still pending
07:00

Galantas Gold Corp. GAL £172m
RESULTS FOR THE 3 AND 6 MONTHS ENDED JUNE 30, 2026 Results
The C$100m placing lifted cash to about C$108.9m and gave a C$91.6m working capital surplus. The Q2 net loss widened to C$4.69m from C$0.71m as restart-related costs and overheads rose.

Project milestones outlook mixed, lowered5 acquisitions in 3 months – usually about 2 +10.8% on the day

Moved: Andacollo restart and build-out: All key permits received; no production decision → Contractors engaged; PEA underway; no production decision · Indiana resource update and option payments: Indiana budget cut; PEA work still planned → Drilling expanded to 12,500 m; assays pending
07:00

Bradda Head Lithium Limited BHL £7.4m
Audited Final Results For Year Ended 28 Feb 2026 Results
Audited Final Results for the financial year ending 28 February 2026

Dilutive fundraise first in 9 months +0.0% on the day
07:00

Vertu Motors VTU £264m
Trading Statement Trading update
The Board again expects FY27 profit ahead of consensus, which has moved up from £24.5m to £25.5m since the June statement. Trading and order-take support this.

Upgrade / downgrade cycle ahead of expectationsoutlook positive, raised +6.9% on the day

Moved: Chinese brand portfolio expansion: First Omoda/Jaecoo site opens 1 July → 18 Chinese-brand outlets; Leapmotor opened · ZEV mandate pressure: Vertu lobbying to bring review forward → Government consultation launched; Vertu welcomes it
07:00

KEFI Gold and Copper KEFI £91m
Tulu Kapi Underground Mine PEA & Development Plan
The addition of the Tulu Kapi Underground Mine is expected to raise combined steady-state production at Tulu Kapi to c.180,000 oz of gold per annum.

Project milestones outlook positive +2.5% on the day

Moved: new: Tulu Kapi Underground Mine – PEA complete; detailed planning starting · Tulu Kapi project financing and construction: Construction under way, on schedule → Construction under way, on schedule
07:00

Macfarlane Group MACF £124m
Half-year Results Results
H1 adjusted operating profit fell 3% to £9.5m and the full-year outlook is confirmed in line, so after the 2025 warning this is stabilisation, not recovery; Pitreavie is back in profit from Q2.

Capital return £6.0m · 5% of mcapin lineoutlook mixedfirst since Oct 2023 −0.3% on the day

Moved: Pitreavie incident and investigation: Equipment due Q2; temporary outsourcing weighs on Q1 → Equipment installed; back in profit in Q2 · Distribution performance improvement: Restructuring done; organic growth emerging → Organic profit growth; margin 4.6% · Share buyback programme: £2.6m of £4.0m spent; extended to end-2026 → £3.1m of £4m spent; new £6m added
07:00

Tharisa THS £329m
PGM Concentrate Purchase Agreement Karo Project
Binding term sheet gives Karo's PGM and base metal concentrate a buyer, Valterra, for an initial five years. This adds offtake certainty and, per the CEO, supports bankability as Karo moves to first production.

Project milestones +0.8% on the day

Moved: Karo Platinum Project build-out: Mining lease and fiscal framework secured → Lease and offtake secured; construction continuing · Karo bond refinancing: Special Mining Lease signed; fiscal terms agreed → Offtake signed; refinancing still not mentioned