EARNINGS AND TRADING: Helix Exploration progresses at Rudyard

Tue, 13th Jan 2026 14:01

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Helix Exploration PLC - London-based helium explorer - Says activity at Rudyard asset in Montana "has accelerated" as it enters the final stages before helium production. "The pressure swing adsorption compressor, the final long lead item required for helium production, has been delivered to the Rudyard processing facility and is in the process of being installed," Helix Exploration says. Helix notes re-entry work has commenced at Inez No 1 well and that it remains "remains engaged in active discussions with multiple helium offtake counterparties". It adds: "Helix continues discussions with several interested tier 1 parties regarding the hydrogen potential of the Rudyard field. The company believes the project exhibits the key elements required for natural hydrogen prospectivity, including ultramafic lithologies and a notably elevated helium 3 to helium 4 isotope ratio. These discussions remain ongoing."

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Nativo Resources PLC - gold-focused mining company with interests in Peru - Initial assay findings from surface trenching within the Tesoro concession confirm "historical data" and back Nativo's aim of recommencing gold output at the Bonanza asset. "This confidence is underpinned by positive near-mine sample results and the successful completion of underground rehabilitation and preparation of existing mine workings. Additional prospectivity within the Tesoro concession has also been confirmed," Nativo adds.

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Eco Atlantic Oil & Gas Ltd - oil and gas exploration in South Africa, Namibia and Guyana - Eco notes its investee JHI Associates Inc strikes a farm-in deal with Navitas Petroleum LP at the PL001 North Falklands Basin licence. JHI currently wholly owns the asset. The deal will see Navitas acquire a 65% working interest in the asset. Eco owns 6.6% of JHI.

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Gunsynd PLC - investor in the natural resource sector - Enters a deal with seller Petyer Dunlop to acquire "certain licences" in Manitoba, Canada. The licences include the "historic" Lotus mine, and the Denver and Betty shafts. These are located in the "southern part of the Barb project", which "further consolidates the Gunsynd land package". Gunsynd is to pay CAD250,000, around GBP135,000, on closing of the deal. It will also issue a third party associated with the deal 11.7 million new shares at a price of 0.115 pence each.

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Onward Opportunities Ltd - UK smaller companies-focused investor - Onward says it has raised GBP3.7 million through a subscription, made by new and existing investors, for 2.5 million shares at a price of 146.13 pence each. The subscription price was a 1.7% premium to its December 31 net asset value per share of 143.69p. "The board and portfolio manager continue to believe that there are compelling structural factors underpinning the company's investment strategy. Prevailing market conditions create an environment in which the portfolio manager has the ability to generate aggregated portfolio returns in excess of 15.0% per annum over the long term. The net proceeds of the subscription, being approximately GBP3.63 million, will provide the company with additional resources with which to pursue its stated investing policy," Onward adds.

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GRIT Investment Trust PLC - investor in small and mid-capitalisation natural resources and mining companies - Net loss in six months to September 30 widens slightly to GBP74,000 from GBP63,000. It generates no revenue, unchanged on-year. "The increase in costs relates primarily to professional fees and other expenses incurred in connection with the August 2025 fund-raising and the continued pursuit of [a reverse takeover]."

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DeFi Development Corp UK PLC - provider of AI platform that allows businesses to automate tasks - Changes names from Cykel AI PLC, with effect Monday. "The decision to change name to DeFi Development Corporation UK PLC reflects the company's continued development of its Solana focused digital asset treasury strategy," DeFi says. Cykel is the trading name of its AI product activities.

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Public Policy Holding Co Inc - Washington, DC-based group of advisory firms specialising in government affairs and public relations - Files amended registration statement with US Securities & Exchange Commission in connection to a proposed US initial public offering. The amended form was filed in response to comments received from the SEC and is part of a "standard review process". The firm has applied to list on the Nasdaq Global Market.

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By Eric Cunha, Alliance News news editor

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