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Every special situation in UK small & mid caps, read from the companies' own announcements – takeover approaches, disposals, activists, capital returns, project milestones, turnarounds and more – each one tracked from the first announcement to the outcome. Shown: what is open and undecided; 29 recommended offers and paid returns sit under Deals in progress.

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Project milestones 138

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Larger tile = more significant for the company Shadeearlyunder waydone / eventended new announcement in the last 2 days
AGYAllergy Therapeutics The Group continues to explore a potential dual primary listing on The Hong Kong Stock... Hong Kong dual listing · Still exploring; no timetable AURAAura Energy Limited Advanced senior debt discussions with the US DFC (about US$150–170 million) and a... Häggån uranium legislation and permitting · Permit pending; Swedish government change next: Alum shale inquiry report to government; new... · 28 Feb STCMSteppe Cement Ltd The expansion project continues on time and budget with funding in place. Clinker line 6 capacity expansion · Under construction, on time and budget, funded next: Line 6 back-end filter due October 2026;... SKAShuka Minerals The next phase of drilling will focus on increasing the density of "pierce points"... Kabwe drilling programme · Phase 1 lab results complete; phase 2 planned next: Second drilling phase: densify No 2 orebody... · 31 Dec KMRKenmare Resources (CDI) Further improvements are expected in Q4, with nameplate capacity now expected to be... WCP A upgrade and Nataka transition · Throughput improving; nameplate pushed to H1 2027 next: Nameplate 3,500 tph consistently achieved · 30 Jun SEASeascape Energy Asia Plc Seascape has now restarted the Temaris farm-out process with the benefit of the... Temaris block gas development · Acreage extension agreed in principle; farm-out restarted next: FDAP submission, with farm-out partner... PLSRPulsar Helium Inc Topaz multi-well drilling campaign · Plant site agreed; financing and approvals open next: Milestone 2 plant payment of US$8.55m;... · 31 Jan CAPDCapital Limited Reko Diq mining ramp-up · Performing in line with contract; Barrick review continues next: Additional equipment arrives at Reko Diq in Q4 2026 GALGalantas Gold Corp. Indiana resource update and option payments · Exploration prioritised; PEA deferred next: Remaining assays from 12,500 m drill... ZPHRZephyr Energy Paradox project first gas · Awaiting Enbridge approval; acreage added next: Enbridge regulatory approval to export gas;... TINCornish Metals PLC South Crofty development and financing · Equity raise proposed; trading paused next: Announce fundraise results; then escrow... PTALPetrotal Corporation Bretana drilling restart and water handling · Well 25H drilling on schedule at 3,362m next: 25H well results and Q3 financial results webcast · 9 Nov THSTharisa Karo Platinum Project build-out · Construction; awaiting bond drawdown next: Drawdowns from Nov 2026; ore mining Oct... · 30 Nov KEFIKEFI Gold and Copper Tulu Kapi project financing and construction · Suspension lifted; phased restart under way next: Further announcements as restart details are... BRESBlencowe Resources Orom-Cross DFS and JORC update · Board reshaped; interim CEO on Board; funding open next: Permanent CEO appointment and Phase 1 funding AETAfentra Block 3/05 redevelopment and drilling · Rig moved to Impala-2; Pacassa SW sidetrack follows next: Impala-2 spud mid-October; first oil January 2027 · 31 Jan SCLPScancell Holdings iSCIB1+ melanoma registration path · Phase 3 set-up; start later in Q4 2026 next: General Meeting to approve BlackRock debt;... · 20 Oct COBRCobra Resources Boland ISR development · RC drilling ongoing; 23 of up to 58 holes done next: first assays from slim-line RC programme FORGForgent PLC Green Rock exploration programme · Phase II drilling under way; enlarged to ~142 holes next: Phase II assay results for 56 holes... · 25 Oct FUMFutura Medical Eroxon Intense and WSD4000 development · Optimised Intense HUT positive; H1 2027 launch planned next: FDA clearance for Eroxon Intense expected Q4 2026 ATMAndrada Mining Limited Lithium Ridge exploration with SQM · Drilling complete; fifth batch of assays reported next: Assay analysis to be completed NEONeo Energy Metals Beisa Mine restart · EIR under way; two more studies added next: File EIR and specialist studies; DMPR mining... RKHRockhopper Exploration Sea Lion Phase 1 development · Funded; contractor replacement under way FMETFulcrum Metals Teck-Hughes tailings project development · Pilot site and technology agreement secured GEXGeorgina Energy plc Hussar well drilling approvals · ALRA terms agreed; settlement awaits tenement grant CMRSCritical Mineral Resources PLC Agadir Melloul resource and mine development · Funded further; resource due Q4 2026 GWMOGreat Western Mining Corporation (CDI) Pine Crow-Defender tungsten exploration · Drilling complete; assays awaited; new CFO in place ECOBEco Buildings Group plc Chile social housing contract · G2 funding allocated; available on line order SAVESavannah Energy Uquo two-well drilling campaign · Talks continuing; no agreement MTLMetals Exploration La India construction · Pre-drilling underway; drilling expected Q4 2026 CLACelsius Resources Limited MCB copper-gold project development · Foreclosure auction won by Equinaire; disputed THRThor Energy HY-Range hydrogen and helium exploration · Letter of Award signed; seismic expected Q4 2026 RRRRed Rock Resources DRC social housing JV · Contract signed; payment awaited, sales delayed GEMGemfields Group Limited MRM second processing plant · Largely operational; sustainability of recoveries unproven WPHOWindar Photonics Test order conversion programme · Pipeline strong; first small orders won AAUAriana Resources Dokwe RC drilling campaign · Drilling done; testwork pending KDNCCadence Minerals Azteca Plant restart · Hot commissioning underway; licence pending ZENZenith Energy LTD.Com Shs Italian solar development pipeline · Pipeline about 223 MWp; target 240 MWp SMLStrategic Minerals Redmoor drilling and MRE update · US$9.25m US funding awarded; PEP being finalised TLWTullow Oil Jubilee drilling and seismic programme · 2025-26 campaign complete; Campaign 2 contracted PXENProspex Energy Selva Malvezzi development wells and 3D · Licences held; Mniszow development planning AEXAminex (CDI) Ntorya gas field development · Revised programme agreed; execution pending RBWRainbow Rare Earths Limited Phalaborwa DFS and financing · Neo MoU signed; PFS added; DFS now H1 2027 KZGKazera Global 2A Mining Right approval · 2A executed; SAI preparing development CPH2Clean Power Hydrogen MFE220 1MW testing and on-site operation · Independent report overdue; unit still idle KAVKavango Resources Hillside gold development and plants · Commissioning under way; revenue still from artisanal ore PHARPharos Energy Vietnam six-well drilling programme · Two of six wells drilled; third rig mobilising TUNTungsten West Hemerdon Project Financing · Production under way; offtake signed LEXLexington Gold Ltd Jelani joint venture and mining licence · Shango data capture and QA/QC under way ORROriole Resources Mbe resource delineation and development · Licence negotiation under way; conclusion expected in coming months PRTCPureTech Health LYT-200 AML development · Fast Track and Phase 2 design set; funding sought QHEQuantum Helium Limited Sagebrush-1 extended flow test · Permitting and planning; 2027 drilling planned RSGResolute Mining Limited Doropo project development · Infill drilling continuing with 11 rigs GMETGuardian Metal Resources plc Pilot Mountain pre-feasibility study · Phase I done; Phase II 28 of 46 holes; rehabilitation decided ALLAtlantic Lithium Limited Côte d'Ivoire lithium exploration · FIRB condition satisfied; other conditions outstanding EAHECO Animal Health Group ECOVAXXIN MS EU approval and launch · USDA-CVB accepted field safety data; US licence pending 80M80 Mile Jameson Land exploration drilling · Drilling under way since 1 July 2026 PWRPower Probe PLC New US manufacturing facility opening · New US entity set up; design and works progressing TXPTouchstone Exploration Inc Carapal Ridge-3 completion and tie-in · Cleanout failed; Karamat completion planned October KP2Kore Potash Kola Potash financing and early works · Ministry of Finance to hold; legal process begun ENOGEnergean Katlan and Irena developments · Principal terms agreed with EGPC KRPZKropz Elandsfontein trial production ramp-up · Phosrock production halted; restructuring begun UFOAlien Metals Limited Elizabeth Hill silver drilling · Final diamond assays in; MRE update Q4 2026 JSEJadestone Energy Nam Du/U Minh Vietnam development · Restart still targeted around end Q3 2026 GDPGoldplat TSF retreatment and pipeline · Pipeline work, water licence, geotechnical studies pending 1SNFirst Tin Taronga permitting and development approval · Final approval stages; RTS under assessment NOGNostrum Oil & Gas Chinarevskoye drilling and workovers · Review underway; no timetable GDRGenedrive NHS England MT-RNR1 national tender · PALOH-UK recruitment complete; NICE technology appraisal HPOWH-Power plc Hy5 portable cracker development · Phase 1 complete; final phase begins September 2026 KOSKosmos Energy GTA Phase 1 ramp-up · J76 and J77 online; J50 imminent SVMLSovereign Metals Limited Kasiya heavy rare earth by-product · Strategy restated in June 2026 quarterly BYGBig Yellow Group Store development pipeline · Six stores on site; four open this year HLCLHelical Southwark student accommodation scheme · Gateway 2 submitted, awaiting approval IRONIronveld DMS Plant production ramp-up · Sustained production reached; tuning to 5 tph OHGROne Health Group PLC New-build surgical hub · Under construction; opening early 2027/28 JLPJubilee Metals Group Molefe mine ramp-up · Commissioning complete; fine-tuning for stable operation UJOUnion Jack Oil Crossroads well, Oklahoma · Spudded 5 May; good shows; testing mid-June TANDTan Delta Systems Customer trials and rollouts · 30 trials running; conversion slower than hoped AOTIAOTI, INC. CMS local coverage determination · Proposed LCD published July 2026 EUAEurasia Mining NKT feasibility study and mining licence · No new milestone reported AEGActive Energy Group Bitdeer joint mining partnership · Non-binding LOI; talks continuing NIOXNiox Group NIOX PRO device rollout · CE/MHRA rollout begun; US, Japan submissions progressing CRTXCrism Therapeutics Corporation Irinotecan-ChemoSeed glioblastoma Phase 2 · Recruiting at lead NHS site since 27 August HFGHilton Food Group Canada facilities and Saudi JV · Scoping; bigger expansion possible NANONanoco Group Asian chemical customer SWIR JDA · On track for year-one milestones; volumes to double FY27 BSFABSF Enterprise Lab-grown leather commercial launch · Tanned skin done; Paris auction set RBDReabold Resources West Newton A-2 recompletion · Funded; recompletion planned Q4 2026 ANICAgronomics Limited Liberation Bioindustries fermentation plant build · Funding gap; completion slipped beyond Q4 2026 COILCoiled Therapeutics plc AO-252 Phase I trial progress · Reformulation under way; efficacy data pushed to 2027 ARSAsiamet Resources Limited Beutong Project · Options under evaluation, no plan yet STARStar Energy Group Plc Singleton gas-to-wire project · Grid connection delayed; first production early October PANRPantheon Resources Kodiak seismic reprocessing and Theta West-2 · Reprocessing complete; formal resource estimate pending EDXEDX Medical Group Plc Pneumonia test NHS launch · Clinical evaluation underway since mid-May 2026 ECOREcora Resources Santo Domingo development · Workstreams advancing towards FID, expected Q4 2026 TEKTekcapital Vesari geothermal AI portfolio company · Patents pending; valuation sensitivity corrected 21 Aug ITMITM Power Lingen and Refhyne II 100 MW plants · First hydrogen delivered to customer during commissioning PNNPennon Group Pennon Power build-out · Fife and Aberdeenshire energised, generating revenue TRCSTracsis Tap Converter ticketing contract · Implementation underway; first month of revenue WYNWynnstay Group Wynnstay Strategy Genesis growth plan · First named capacity project under the plan HEXHelix Exploration Rudyard regulatory pause and restart · Approval granted; restart under way ORROriole Resources Wapouzé limestone project · Maiden MRE out; ESIA underway; ELA Q4-2026 PLSRPulsar Helium Inc Falcon Project Michigan exploration option · Airborne survey contracted; flying mid-Q4 2026 FVAFevara plc Brazil São Paulo production facility · Low Moisture Block installation in progress CHSSWorld Chess FIDE partnership expansion · Application submitted 1 September 2026 AMPAmpeak Energy Limited AW1 battery expansion · Turbine serviced onshore; three turbines operating PXCPhoenix Copper Limited Empire PFS and reserves update · Hardrock update underway GNSGenus PRP gene edit commercialisation · Four approvals; Latin America launch beginning CADCadogan Energy Solutions Northern Italy gas exploration licences · Historic seismic data analysis under way SRCSigmaroc Klinthagen limestone permitting · Construction being finalised; on time and on budget FIHFIH Group Falklands 70 houses contract · Progressing; completion due first half of next financial year HSPHargreaves Services Duisburg zinc recycling facility · In build, on plan; commissioning early 2028 ITMITM Power Chronos 1 GW manufacturing line · DESNZ grant formally awarded; funding secured CBOXCake Box Holdings Bradford warehouse build · Under construction; £2.57m spent in FY26 CHGChemring Group Norway second explosives facility · Feasibility study with Norwegian Government under way CMCXCMC Markets Westpac partnership · Build phase; launch targeted during 2027 PETSPets at Home Group Pets insurance launch · FCA approval achieved; building technology GTEGran Tierra Energy Inc. (CDI) Azerbaijan Guba-Khazaryani EDPSA · Signed; legislative approval pending TCFTheraCryf Plc Ox-1 Phase 1 approval in Australia · Preclinical complete; application being compiled VLXVolex US manufacturing site consolidation · Progressing well, on track AFPAfrican Pioneer Ongombo-Ongeama mine development drilling programme · Drilling started with one rig ECRECR Minerals Maddens underground and plant ramp-up to production · Plant commissioned; decline through planned turn HALOHalo Minerals PLC Playa Verde progress towards final investment decision · Updated CPR and Class 3 engineering done RHRRichmond Hill Resources PLC Sakoose drilling at Martello Gold Project · Funded; drilling expected by 30 November 2026 SRVLServal Resources Plc Namibia 20,000m drilling programme · Funded subject to approval; mobilisation pending LEXLexington Gold Ltd Kroonstad tenure and Exploration Target · Tenure renewed; Exploration Target work under way GELNGelion Top-5 OEM co-funded proof of concept · PoC agreement signed 13 Oct 2026 AEPAnglo-Eastern Plantations Ninth mill at KAP Estate, Kalimantan · 98% built, machinery delivered, on track ITMITM Power Hydropulse 150 MW refinery project · Heads of Terms signed; FEED study under way VASTVast Resources Soviet Tailings reprocessing project · Drilling complete; plant build and assays pending TINCornish Metals PLC Roskear West exploration drilling · Two-hole programme complete; final assays reported GDWNGoodwin Plc Duvelco polyimide plant ramp-up · Dryer issue; fix lead time about ten months OXBOxford Biomedica Durham site ramp-up · GMP online, first run done; ramp expected H2 LNDLandore Resources Limited Lamaune maiden resource · 2026 field campaign under way CAMCamellia Four growth projects · All four proceeding to plan BSFABSF Enterprise SCHAKAU automotive and robotics partnership · Heads of Terms signed; MOUs targeted GELNGelion Mitsui Kinzoku sulfur battery JDA · JDA signed; staged payments tied to milestones GTEGran Tierra Energy Inc. (CDI) Canada Clearwater and Mount Head development · Resource report issued; drilling planned 2027 HDDHardide Three new coating reactors · Board approved £4.5m investment on 22 July 2026

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