Member Info for Peoplepower1

Tensions between Europe and Russia have risen since Moscow's full-scale invasion of Ukraine, so too have other incidents of so-called "hybrid" or "grey zone" warfare attributed to Russia, which in most cases denies them.

These include cyber attacks, disinformation campaigns, incendiary devices inserted into cargo depots, surveillance and sometimes sabotage of undersea cables.

Proves how important "Project Ixian" is to the UK/Nato allies.

From AI:-

Aside from the publication of their Armed Forces Covenant on November 10, 2025, several other announcements regarding Whitespace (Belfast) and the Ministry of Defence (MOD) have been published throughout 2025.

Key publications include:

Strategic Partnership with Defence Holdings PLC:

Whitespace entered a significant strategic partnership, Defence Technologies, with Defence Holdings PLC (ALRT), a UK-listed software-led defence company.

This was formalised in August and September 2025.

The collaboration focuses on co-developing sovereign Artificial Intelligence (AI) systems for national security applications.

Their first joint product, "Project Ixian" (focused on information integrity), is already under development for the MOD and is considered an operationally classified program.

The goal is to deliver AI capabilities at speed and scale to challenge foreign incumbents in the defence tech space.

MOD's "Engine for Growth" Initiative:

In May 2025, Whitespace announced they had joined the MOD's new "Engine for Growth" initiative, a major reform package designed to accelerate innovation and streamline procurement processes for cutting-edge UK technology.

Deployment of "Tarkin" AI Tool:

Whitespace's AI open source intelligence tool, "Tarkin", is set to be deployed with enhanced security classifications for further use by the UK MOD in 2025, building on previous evidence submissions to Parliament regarding its capabilities.

The platform is already in use within classified environments, including a UK naval vessel.

These publications highlight Whitespace's increasing integration into the UK defence ecosystem, focusing heavily on AI-driven data and intelligence solutions.

Looks to me like Defence Holdings are raising about £100,000 to £125,000 a week from the ATM.

With over £400,000 already raised, I think there's still about £2.7m to raise at about 2p a share.

At £100,000 to £125,000 a week the ATM will take about another 24 weeks to run its course.

Please correct me if I've got this wrong.

Defence Technologies i.e. Defence Holdings/Whitespace are working in a strictly classified defence area, so they're limited as to what can be put into their RNS'

Click on SML Company Research above and the SP Angel Notes on SML are all there.

I think it may be the one dated 29 October 2025.

I think the SP Angel Note is on this website and you may be able to find it here.

And this too from AI

Other Projects Show Higher Capital Costs:

For context, a September 2025 Preliminary Economic Assessment for Cornish Metals' 500ktpa South Crofty tin project, also in Cornwall, estimated the pre-production capital cost at £198 million (US$235 million), though project specifics differ

Found this from AI

2020 Scoping Study Estimate:

The original study outlined a potential US$86 million (approx. £67 million) capital cost for a 600ktpa underground mining operation.

This figure is no longer considered current due to changes in commodity prices, operational scale, and the general inflationary environment since 2020.

I think the 2020 Scoping Study or the 2019 inferred MRE had total costs for production at US$115. I think it was US$.

Defence Technologies is the name used and given to the MOD for Defence Holdings/Whitespace

Defence Technologies have been invited to participate by the EMEA Google team in their Digital Sovereignty Summit in Munich on 13 November 2025, a gathering of European and allied government, defence and industry leaders focused on sovereign AI, secure cloud infrastructure and digital autonomy.

This consistent pattern of collaboration reinforces Defence Holdings’ position at the intersection of sovereign software and hyperscale technology, underpinning its broader role across allied AI and cloud-sovereignty initiatives.

Andy McCartney, Chief Technology Officer, commented:

From 22 October 2025 RNS

Bid price up to 1.60 which suggests they need more shares.

Also, he mentioned the tungsten being easier to liberate at Redmoor which presumably brings down production costs.

Markets are down worldwide, hence, why UK gets hit too.

Maybe I'm wrong, correct me if I am.

I like to look at the so called sells in red here to see how much they're above the actual bid price.

For me, if they're above the actual bid price, then it suggests to me they're looking for more shares.

From my understanding, the life of the mine will also come into the "indicated" mre to be released in Q1 2026.

In the "inferred" mre, a lower level of mre, from 2019 the life of the mine was 10 years.

If the life of the mine from the "indicated" mre goes up to 15 years, then that adds more value to the share price.

Trades aren't showing on here since about 11 am. I've emailed them and they're waiting for their data supplier to fix the problem.

I've emailed them about the trades not showing on here since about 11 am. The response is they've already notified their data supplier and are waiting for them to fix it.

Is it just me or anyone else too?.

No trades been posted on here since 11 am.

From my question to AI about whether or not Defence Technologies has been selected for the DDAD Open Framework and the answer is:-

The DDAD (Digital Decision Accelerators for Defence) Open Framework is scheduled to officially start on November 13, 2025, which is today.

The official list of selected suppliers is expected to be announced around this time.

However, based on search results, Defence Technologies (which operates as the single brand for Defence Holdings PLC and Whitespace Global Limited) anticipates being part of this framework and expects "good news today" (November 13, 2025).

They have a strategic partnership in place to address the requirements of the framework and align with several of its lots.

The Ministry of Defence (MOD) planned to confirm the selected companies and grant them access to the framework around the award decision date of November 13, 2025.

The official, public list of all selected suppliers might not be immediately released on the exact start date, but suppliers would have been notified through the final stages of the procurement process.