Situations
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.
Larger tile = more significant for the company
Shadeearlyunder waydone / eventended
new announcement in the last 2 days
VLXVolex
The consolidation of the Group's US manufacturing sites is progressing well and is on...
US manufacturing site consolidation · Progressing well, on track
next: complete consolidation by end of financial year · 31 Mar
TCFTheraCryf Plc
The Company expects to submit the application in November 2026 and continues to target...
Ox-1 Phase 1 approval in Australia · Preclinical complete; application being compiled
next: Submit Australian Phase 1 trial application;... · 31 Dec
VASTVast Resources
Soviet Tailings pilot flotation plant advancing towards commissioning in Q4 2026
Soviet Tailings reprocessing project · Drilling complete; plant build and assays pending
next: Pilot flotation plant commissioning; assays... · 31 Dec
ITMITM Power
The parties are already progressing a joint Front End Engineering Design (FEED) study...
Hydropulse 150 MW refinery project · Heads of Terms signed; FEED study under way
next: Complete joint FEED study and reach FID
TINCornish Metals PLC
Mineral Resource expansion potential: Several intercepts, including newly discovered...
Roskear West exploration drilling · Two-hole programme complete; final assays reported
next: further drilling to extend Roskear lodes...
PLSRPulsar Helium Inc
Falcon Project Michigan exploration option · Airborne survey contracted; flying mid-Q4 2026
next: Survey flying to start in mid-Q4 2026;...
ORROriole Resources
Wapouzé limestone project · Maiden MRE out; ESIA underway; ELA Q4-2026
next: Submit Exploitation Licence Application;...
PXCPhoenix Copper Limited
Empire PFS and reserves update · Hardrock update underway
next: Updated PFS, resources and reserves at... · 31 Dec
BSFABSF Enterprise
SCHAKAU automotive and robotics partnership · Heads of Terms signed; MOUs targeted
next: Binding MOU for lab-grown leather products · 31 Dec
GTEGran Tierra Energy Inc. (CDI)
Canada Clearwater and Mount Head development · Resource report issued; drilling planned 2027
next: Dawson Clearwater and Mount Head drilling activity · 1 Jan
SKAShuka Minerals
Kabwe drilling programme · Phase 1 lab results complete; phase 2 planned
next: Second drilling phase: densify No 2 orebody... · 31 Dec
GELNGelion
Top-5 OEM co-funded proof of concept · PoC agreement signed 13 Oct 2026
HDDHardide
Three new coating reactors · Board approved £4.5m investment on 22 July 2026
next: Reactors operational in latter part of FY27
GDWNGoodwin Plc
Duvelco polyimide plant ramp-up · Dryer issue; fix lead time about ten months
next: Update when dryer implementation timetable is firmer
ITMITM Power
Chronos 1 GW manufacturing line · DESNZ grant formally awarded; funding secured
next: Build Chronos line in Sheffield; commercial...
LEXLexington Gold Ltd
Kroonstad tenure and Exploration Target · Tenure renewed; Exploration Target work under way
next: Shango JORC (2012) Exploration Target for Kroonstad
OXBOxford Biomedica
Durham site ramp-up · GMP online, first run done; ramp expected H2
next: client activity ramp-up at Durham in H2 2026
GELNGelion
Mitsui Kinzoku sulfur battery JDA · JDA signed; staged payments tied to milestones
next: First milestone payments; any negotiation of...
AEGActive Energy Group
Bitdeer joint mining partnership · Non-binding LOI; talks continuing
next: Agree commercial terms and definitive...
GDRGenedrive
NHS England MT-RNR1 national tender · PALOH-UK recruitment complete; NICE technology appraisal
LNDLandore Resources Limited
Lamaune maiden resource · 2026 field campaign under way
COILCoiled Therapeutics plc
AO-252 Phase I trial progress · Reformulation under way; efficacy data pushed to 2027
GTEGran Tierra Energy Inc. (CDI)
Azerbaijan Guba-Khazaryani EDPSA · Signed; legislative approval pending
CAMCamellia
Four growth projects · All four proceeding to plan
TEKTekcapital
Vesari geothermal AI portfolio company · Patents pending; valuation sensitivity corrected 21 Aug
FORGForgent PLC
Green Rock exploration programme · Phase II drilling under way; enlarged to ~142 holes
SRCSigmaroc
Klinthagen limestone permitting · Construction being finalised; on time and on budget
CHSSWorld Chess
FIDE partnership expansion · Application submitted 1 September 2026
CADCadogan Energy Solutions
Northern Italy gas exploration licences · Historic seismic data analysis under way
WPHOWindar Photonics
Test order conversion programme · Pipeline strong; first small orders won
RBDReabold Resources
West Newton A-2 recompletion · Funded; recompletion planned Q4 2026
GNSGenus
PRP gene edit commercialisation · Four approvals; Latin America launch beginning
PANRPantheon Resources
Kodiak seismic reprocessing and Theta West-2 · Reprocessing complete; formal resource estimate pending
THSTharisa
Karo Platinum Project build-out · Construction; awaiting bond drawdown
FVAFevara plc
Brazil São Paulo production facility · Low Moisture Block installation in progress
CHGChemring Group
Norway second explosives facility · Feasibility study with Norwegian Government under way
JSEJadestone Energy
Nam Du/U Minh Vietnam development · Restart still targeted around end Q3 2026
UJOUnion Jack Oil
Crossroads well, Oklahoma · Spudded 5 May; good shows; testing mid-June
HSPHargreaves Services
Duisburg zinc recycling facility · In build, on plan; commissioning early 2028
SVMLSovereign Metals Limited
Kasiya heavy rare earth by-product · Strategy restated in June 2026 quarterly
TXPTouchstone Exploration Inc
Carapal Ridge-3 completion and tie-in · Cleanout failed; Karamat completion planned October
EUAEurasia Mining
NKT feasibility study and mining licence · No new milestone reported
WYNWynnstay Group
Wynnstay Strategy Genesis growth plan · First named capacity project under the plan
GEMGemfields Group Limited
MRM second processing plant · Largely operational; sustainability of recoveries unproven
ARSAsiamet Resources Limited
Beutong Project · Options under evaluation, no plan yet
CAPDCapital Limited
Reko Diq mining ramp-up · Performing in line with contract; Barrick review continues
STCMSteppe Cement Ltd
Clinker line 6 capacity expansion · Under construction, on time and budget, funded
RRRRed Rock Resources
DRC social housing JV · Contract signed; payment awaited, sales delayed
GMETGuardian Metal Resources plc
Pilot Mountain pre-feasibility study · Phase I done; Phase II 28 of 46 holes; rehabilitation decided
AGYAllergy Therapeutics
Hong Kong dual listing · Still exploring; no timetable
ITMITM Power
Lingen and Refhyne II 100 MW plants · First hydrogen delivered to customer during commissioning
FMETFulcrum Metals
Teck-Hughes tailings project development · Pilot site and technology agreement secured
ENOGEnergean
Katlan and Irena developments · Principal terms agreed with EGPC
JLPJubilee Metals Group
Molefe mine ramp-up · Commissioning complete; fine-tuning for stable operation
AETAfentra
Block 3/05 redevelopment and drilling · Rig moved to Impala-2; Pacassa SW sidetrack follows
BYGBig Yellow Group
Store development pipeline · Six stores on site; four open this year
PTALPetrotal Corporation
Bretana drilling restart and water handling · Well 25H drilling on schedule at 3,362m
TINCornish Metals PLC
South Crofty development and financing · Equity raise proposed; trading paused
PXENProspex Energy
Selva Malvezzi development wells and 3D · Licences held; Mniszow development planning
THRThor Energy
HY-Range hydrogen and helium exploration · Letter of Award signed; seismic expected Q4 2026
PLSRPulsar Helium Inc
Topaz multi-well drilling campaign · Plant site agreed; financing and approvals open
80M80 Mile
Jameson Land exploration drilling · Drilling under way since 1 July 2026
AURAAura Energy Limited
Häggån uranium legislation and permitting · Permit pending; Swedish government change
AMPAmpeak Energy Limited
AW1 battery expansion · Turbine serviced onshore; three turbines operating
AOTIAOTI, INC.
CMS local coverage determination · Proposed LCD published July 2026
CRTXCrism Therapeutics Corporation
Irinotecan-ChemoSeed glioblastoma Phase 2 · Recruiting at lead NHS site since 27 August
STARStar Energy Group Plc
Singleton gas-to-wire project · Grid connection delayed; first production early October
SEASeascape Energy Asia Plc
Temaris block gas development · Acreage extension agreed in principle; farm-out restarted
TANDTan Delta Systems
Customer trials and rollouts · 30 trials running; conversion slower than hoped
NIOXNiox Group
NIOX PRO device rollout · CE/MHRA rollout begun; US, Japan submissions progressing
LEXLexington Gold Ltd
Jelani joint venture and mining licence · Shango data capture and QA/QC under way
GWMOGreat Western Mining Corporation (CDI)
Pine Crow-Defender tungsten exploration · Drilling complete; assays awaited; new CFO in place
ZPHRZephyr Energy
Paradox project first gas · Awaiting Enbridge approval; acreage added
EDXEDX Medical Group Plc
Pneumonia test NHS launch · Clinical evaluation underway since mid-May 2026
ANICAgronomics Limited
Liberation Bioindustries fermentation plant build · Funding gap; completion slipped beyond Q4 2026
QHEQuantum Helium Limited
Sagebrush-1 extended flow test · Permitting and planning; 2027 drilling planned
CPH2Clean Power Hydrogen
MFE220 1MW testing and on-site operation · Provisional findings; remedial redesign started; external verification pending
AEXAminex (CDI)
Ntorya gas field development · Revised programme agreed; execution pending
CLACelsius Resources Limited
MCB copper-gold project development · Foreclosure auction won by Equinaire; disputed
RKHRockhopper Exploration
Sea Lion Phase 1 development · Funded; contractor replacement under way
TUNTungsten West
Hemerdon Project Financing · Production under way; offtake signed
NEONeo Energy Metals
Beisa Mine restart · EIR under way; two more studies added
BSFABSF Enterprise
Lab-grown leather commercial launch · Tanned skin done; Paris auction set
KDNCCadence Minerals
Azteca Plant restart · Hot commissioning underway; licence pending
ATMAndrada Mining Limited
Lithium Ridge exploration with SQM · Drilling complete; fifth batch of assays reported
PNNPennon Group
Pennon Power build-out · Fife and Aberdeenshire energised, generating revenue
CBOXCake Box Holdings
Bradford warehouse build · Under construction; £2.57m spent in FY26
PETSPets at Home Group
Pets insurance launch · FCA approval achieved; building technology
HLCLHelical
Southwark student accommodation scheme · Gateway 2 submitted, awaiting approval
FIHFIH Group
Falklands 70 houses contract · Progressing; completion due first half of next financial year
KRPZKropz
Elandsfontein trial production ramp-up · Phosrock production halted; restructuring begun
TLWTullow Oil
Jubilee drilling and seismic programme · 2025-26 campaign complete; Campaign 2 contracted
CMCXCMC Markets
Westpac partnership · Build phase; launch targeted during 2027
TRCSTracsis
Tap Converter ticketing contract · Implementation underway; first month of revenue
KMRKenmare Resources (CDI)
WCP A upgrade and Nataka transition · Throughput improving; nameplate pushed to H1 2027
CMRSCritical Mineral Resources PLC
Agadir Melloul resource and mine development · Funded further; resource due Q4 2026
COBRCobra Resources
Boland ISR development · RC drilling ongoing; 23 of up to 58 holes done
GDPGoldplat
TSF retreatment and pipeline · Pipeline work, water licence, geotechnical studies pending
GALGalantas Gold Corp.
Indiana resource update and option payments · Exploration prioritised; PEA deferred
MTLMetals Exploration
La India construction · Pre-drilling underway; drilling expected Q4 2026
FUMFutura Medical
Eroxon Intense and WSD4000 development · Optimised Intense HUT positive; H1 2027 launch planned
HFGHilton Food Group
Canada facilities and Saudi JV · Scoping; bigger expansion possible
EAHECO Animal Health Group
ECOVAXXIN MS EU approval and launch · USDA-CVB accepted field safety data; US licence pending
SCLPScancell Holdings
iSCIB1+ melanoma registration path · Phase 3 set-up; start later in Q4 2026
HPOWH-Power plc
Hy5 portable cracker development · Phase 1 complete; final phase begins September 2026
UFOAlien Metals Limited
Elizabeth Hill silver drilling · Final diamond assays in; MRE update Q4 2026
NANONanoco Group
Asian chemical customer SWIR JDA · On track for year-one milestones; volumes to double FY27
PRTCPureTech Health
LYT-200 AML development · Fast Track and Phase 2 design set; funding sought
KZGKazera Global
2A Mining Right approval · 2A executed; SAI preparing development
KOSKosmos Energy
GTA Phase 1 ramp-up · J76 and J77 online; J50 imminent
BRESBlencowe Resources
Orom-Cross DFS and JORC update · Board reshaped; interim CEO on Board; funding open
ALLAtlantic Lithium Limited
Côte d'Ivoire lithium exploration · FIRB condition satisfied; other conditions outstanding
NOGNostrum Oil & Gas
Chinarevskoye drilling and workovers · Review underway; no timetable
KP2Kore Potash
Kola Potash financing and early works · Ministry of Finance to hold; legal process begun
AAUAriana Resources
Dokwe RC drilling campaign · Drilling done; testwork pending
IRONIronveld
DMS Plant production ramp-up · Sustained production reached; tuning to 5 tph
ECOREcora Resources
Santo Domingo development · Workstreams advancing towards FID, expected Q4 2026
RSGResolute Mining Limited
Doropo project development · Infill drilling continuing with 11 rigs
1SNFirst Tin
Taronga permitting and development approval · Final approval stages; RTS under assessment
RBWRainbow Rare Earths Limited
Phalaborwa DFS and financing · Neo MoU signed; PFS added; DFS now H1 2027
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