Share Talk Ltd

Zak Mir talks to Dr Tom Becker, President & CEO, Iofina, in the wake of the specialists in the exploration and production of iodine and manufacturers of speciality chemical products, announcing its audited full-year results for the 12 months to 31 December 2025. This included another record year: Production up 17%, Revenue up 22% and Adjusted EBITDA up 56%.Iofina has been quietly doing the hard yards for years, and the market is now starting to pay attention.Following its audited full-year 2025 results, the specialist iodine producer and chemical products business reported another record year, with production up 17%, revenue up 22% and adjusted EBITDA up 56%. That is the headline. The more interesting story sits underneath it: a company that has executed a very specific growth plan, built capacity at pace, and is now looking to accelerate again.At the centre of that story is a simple idea. Iofina operates in a niche market, but one with critical end uses, steady demand, and room for disciplined expansion

Zak Mir talks to Ippolito Cattaneo, CEO of Ajax Resources, in the wake of recent significant news for the natural resources investment company. This includes the announcement that it has agreed to invest a total of £200,000 in Reveille Resources Limited, a European-focused investment company, intending to list on the Aquis Stock Exchange Growth Market. The investment will result in Ajax becoming a majority shareholder in Reveille.Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented:"We are delighted to become a major shareholder in Reveille at a formative stage in its development. The company's focus on undervalued historical mineral deposits aligns with our investment strategy, where prior exploration and infrastructure provide a strong foundation for value creation.The Lombardy Project, comprising the Novazza and Val Vedello uranium deposits, represents a compelling opportunity. These assets were the subject of extensive historical exploration, including approximately 80,000 metres of drillin

Zak Mir talks to Paul Emmitt, CEO Powerhouse Energy (AIM: PHE), as the company pioneering integrated technology that converts non-recyclable waste into low carbon energy, announced an operational update in the wake of the recent oversubscribed retail offer of £400,000 and £260,000 battery developer contract.Powerhouse Energy looks to be moving into a more commercial phase, and the most interesting part of that shift is not just about technology. It is about timing, market need and where demand is now coming from.For a long time, the story around the company was heavily tied to hydrogen and the broader net zero narrative. That is still part of the picture, especially in certain projects. But the market has evolved. The stronger angle now is decarbonisation paired with energy security, and that combination is opening doors that were not as wide open even six or twelve months ago.That is the backdrop to the latest operational progress, which follows an oversubscribed retail offer and a third-party battery devel

Zak Mir talks to Andrew Stancliffe, Head of Execution Services at Winterflood Securities, after the recent Marex takeover. They discuss the success of the Winterflood Retail Access Platform, which has now raised over £600m in fundraising and, in turn, has been a significant source of liquidity to the London stock market.Winterflood is one of those names that anyone active in UK equities will recognise from Level 2 screens, placings, and day-to-day market-making. But beyond the familiar name sits a bigger story about liquidity in small caps, how retail investors are gaining better access to fundraises, and why the UK market may be in better shape than its critics like to admit.Andrew Stancliffe, Head of Execution Services at Winterflood Securities, sits right in the middle of that story. His role covers the sales trading side of the business, working with clients ranging from institutions to retail execution brokers. Following Winterflood’s acquisition by Marex, there is also a clear focus on combining Winter

Zak Mir talks to Ian Lankshear, CEO of EnSilica, about the leading fabless microchipmaker, which has announced that it has entered into two landmark development contracts with a leading European satellite operator to develop two chips for its next-generation satellite network. EnSilica has been a listed company for 4 years, and after a period of steady groundwork, the business now appears to be entering a far more commercially significant phase. The key reason is simple: space communications is no longer a futuristic sideshow. It is becoming strategic infrastructure, and specialist chip design sits right at its heart.That shift was underscored by EnSilica’s recent announcement that it has secured two landmark development contracts with a leading European satellite operator. The work covers two chips for a next-generation satellite network: one for the satellite's payload and one for the user terminal on the ground.For a fabless semiconductor company, that is not just another contract win. It is the kind of m

Zak Mir talks to Dr Jim Millen, Non-Executive Chairman, Physiomics, regarding recent progress at the mathematical modelling, data science and biostatistics company, and issues regarding the forthcoming requisitioned meeting.What Physiomics actually doesPhysiomics is a specialised life sciences consultancy that works with companies developing new drugs. At its core, the business helps drug developers make better decisions about how they design and run studies.The company operates across two main areas. Mathematical modelling to support the design of preclinical and clinical trials, with a particular focus on oncology, though not limited to cancer treatment. Biostatistics, covering the statistical design of trials, reporting, planning, and regulatory interactions around trial outcomes. That combination matters. Drug development is expensive, time-consuming and high risk. The more rigorously a company can model likely outcomes and build trials correctly from a statistical standpoint, the better its chances o

Zak Mir talks to Ignacio Mehech, CEO of CleanTech Lithium (AIM: CTL), regarding the milestones achieved by the exploration and development company advancing sustainable lithium projects in Chile.The company recently announced an update on two trials being undertaken in North America and in Santiago, Chile, to produce battery-grade lithium carbonate from the Laguna Verde project. The trials focus on replicating and validating the process design defined in the Laguna Verde Pre-Feasibility Study.Highlights:·    In North America, stage two of the downstream processing of eluate* (see footnote for definition) produced by our DLE pilot plant located in Chile, into battery grade lithium carbonate has commenced.·    The first stage of this work was undertaken by Conductive Energy and reported to the market in January 2025.·    Conductive Energy was acquired by Empower EIT over the course of 2025, with Empower establishing an advanced lithium processing facility in Dallas, USA.·    This second stage of eluate convers

Zak Mir talks to Sath Ganesarajah, CEO of Bluebird Mining Ventures Ltd (BMV), as the gold streaming, mining and treasury company confirmed that Frank Amato and Hernán M. Yellati have been appointed to the Board as Non-Executive Directors with immediate effect.Frank Amato will serve as Chair of the Audit Committee, while Hernán M. Yellati has been appointed Chair of the Remuneration and Nomination Committee.Bluebird Mining Ventures Ltd has strengthened its board with the appointment of Frank Amato and Hernán M. Yellati as Non-Executive Directors, in a move aimed at enhancing governance and strategic oversight.Amato will also serve as Chair of the Audit Committee, while Yellati takes on the role of Chair of the Remuneration and Nomination Committee.In addition, Board Advisors Darron Giddens and John Webb will participate in Audit Committee meetings, with Webb also appointed to chair a newly established Conflicts Committee.The changes are designed to bolster the company’s governance framework as it continues to

Zak Mir talks to Alexander Selegenev, Executive Director, TMT Investments, in the wake of the venture capital company investing in high-growth technology companies, announcing its audited final results for the year ended 31 December 2025.TMT Investments PLC has reported a strong set of audited results for 2025, marked by a return to profitability and growth in asset value.Net Asset Value (NAV) per share increased to $7.13, up from $6.55 the previous year, with total NAV rising to $220.8 million.The company delivered a profit of $16.6 million, a significant turnaround from a $2.2 million loss in 2024, supported in part by gains from investments, including a notable uplift from its stake in Scale AI.Investment activity slowed during the year, with $1.5 million deployed compared to $5.9 million in 2024, while $5.5 million was realised through disposals and dividends.TMT also completed a $1.7 million share buyback programme, and ended the year with $5.0 million in cash, maintaining liquidity for future opportuni

Zak Mir talks to Howard White, Chairman Hydrogen Utopia, in the wake of a report in the Financial Times, regarding airlines scrambling to source aviation fuel.Hydrogen Utopia and the “all bases are loaded” case for sustainable aviation fuel Airlines do not just worry about fares and demand. They worry about fuel. And when geopolitical tensions flare up, contingency planning starts quickly, including new approaches to aviation fuel supply.That is the context Howard White, Chairman of Hydrogen Utopia, uses to frame today’s opportunity: rather than treating sustainable aviation fuel (SAF) as a niche ideal, he argues it should be treated as a practical, supply-secure alternative that can withstand disruption.Why airline fuel shortages matter more than you thinkRecent reporting has highlighted how airlines can be hit hard by fuel shortages and price shocks tied to geopolitical events. The headlines are blunt: airlines draw up contingency plans when jet fuel supply becomes uncertain, and disruptions can translate i

Zak Mir talks to Paul Emmitt, CEO of Powerhouse Energy, about recent progress at the company, including its pioneering integrated technology that converts non-recyclable waste into low-carbon energy, and its revenue-generating engineering consulting division. They discuss PHE's proven technology, its projects and newsflow drivers.Powerhouse Energy: Turning Non‑Recyclable Waste into Low‑Carbon EnergyPowerhouse Energy is positioning itself where two urgent problems intersect: mounting non‑recyclable waste and the need to decarbonise industrial energy. The company has developed an integrated waste‑to‑energy solution that converts difficult waste streams into useful products — syngas, hydrogen or power — using a robust, proven process based on a rotating kiln.What Powerhouse Energy offersAt its core, Powerhouse Energy provides a technology platform and engineering capability that turns problematic waste into real value. Rather than competing with recycling, it tackles the residual fraction that typically goes to

We caught up with Sam Garrett, Chief Executive Officer of Great Southern Copper (LON: GSCU), this week after the company announced the partial assay results of Hole CNG25-DD042 (DD042) recently received for its Phase III drilling programme at the Cerro Negro prospect, part of the Especularita Project.Highlights:·    Hole CNG25-DD042 tested the interpreted southern extension of Lens 2 some 300m along trend from the Mostaza mine·   The hole intersected multiple zones or lenses of base and precious metals mineralisation including significant intercepts·    An upper Pb-Zn-Ag rich silica breccia zone includes grades up to 22.4g/t Ag, 1.9% Pb and 0.34% Zn similar to the mineralisation identified in the hanging-wall to Lens 2·    DD-042 results extends the Mostaza system to over 400m of strike  length with mineralisation open to the south·    Pb and Zn rich intervals add further evidence of a complex multiphase stacked system·    Results pending for final diamond holes and all RC drill holes·    Planning for fully

In this interview, Zak Mir speaks with Fulcrum Metals CEO Ryan Mee about the company’s progress in reprocessing a legacy gold mine in Canada, recent TR1 filings showing increased investor activity, and what lies ahead for the company.Fulcrum has boosted gold recovery from around 59% to over 70%, now also recovering silver, using a zero-cyanide, zero-waste process with six-hour leach times. Recent drilling has lifted gold-equivalent grades by 8% to 0.7 g/t, supporting a mineral resource estimate expected in early 2026.Fulcrum Metals has quietly been reshaping its story: moving from a conventional explorer to a technology‑led developer focused on recovering gold and critical minerals from historic tailings. Recent test results, shareholder activity and a tightening register have put the company on the map. Here’s what matters and why this transition could be significant for the company and the wider mining sector.Mining Indaba in Cape Town - from Feb 9–12.Fulcrum Metals’ senior management will be in Cape Town f

Zak Mir caught up with Howard White, Chairman of Hydrogen Utopia, to discuss the company’s strategy and progress in the fast-evolving hydrogen and clean energy space.The company pioneering leader in converting non-recyclable mixed waste plastics, tyres, and hazardous waste materials into hydrogen and carbon-free fuels, announces the signing of a Memorandum of Understanding (“MOU”) with Saudi Investment Recycling Company (“SIRC”), a wholly owned subsidiary of the Public Investment Fund of the Kingdom of Saudi Arabia.A practical route from waste plastics to sustainable aviation fuelHydrogen Utopia has taken a major step forward with a signed Memorandum of Understanding with the Saudi Investment Recycling Company (SIRC), a wholly owned subsidiary of the Kingdom of Saudi Arabia's Public Investment Fund. The agreement frames a clear industrial pathway: convert non-recyclable mixed waste plastics, tyres and hazardous wastes into syngas, turn that syngas into hydrogen, and then use a Fischer-Tropsch route to produc

Zak Mir talks to Ippolito Cattaneo, CEO of Ajax Resources, in the wake of the high-profile appointment of Elton L.S. Pereira, M.Sc., as Senior Geological Consultant, Brazil. They also discuss the value in the company’s burgeoning portfolio as gold approaches $5,000 an ounce.Ajax Resources PLC has appointed Elton L.S. Pereira as Senior Geological Consultant for Brazil, with the appointment set to take effect on completion of the acquisition of the Pereira Velho Gold Project, expected around 30 January 2026.Pereira, who led the original discovery of the project, brings more than 30 years of international exploration experience. He played a key role in defining an initial internal resource estimate of approximately 110,000 ounces of gold, based on drilling across just one-fifth of the project area.Following completion of the acquisition, Ajax plans to launch a new drilling programme of around 3,000 metres, targeting an initial resource of 350,000 ounces of gold. Management believes the project offers significan

Zak Mir talks to Colin Bird, Executive Chairman, Kendrick Resources, as the mineral exploration and development company, announces that it has entered into a binding and exclusive Option Agreement to acquire not less than 70% interest on terms to be agreed with Bonya Exploration Pty Namibia.Kendrick Resources Plc (LON: KEN) has entered into a binding and exclusive option agreement to acquire a minimum 70% interest in two rare earth exploration licences, EPL4458 and EPL6691, in Namibia. The exclusivity period runs until May 19, 2026.The licences, located southwest of Aus, have returned encouraging historical results, with peak Total Rare Earth Oxide grades of up to 4.47% and an average grade of 3.12%. Sampling has identified significant concentrations of neodymium, praseodymium and samarium, elements that are critical for the manufacture of high-performance permanent magnets.Kendrick said it will immediately begin assaying, trenching and drill-target identification as part of its due diligence programme, ahea

Pennpetro Energy plc (LON: PPP), the company focused on developing strategic traditional and transition energy projects, announces a link to the recording of the shareholder call with management on 15 January 2026 at 18.30-19.30 UK time.Richard Spinks, Executive Chairman of Pennpetro Energy, said: "We remain committed to ensuring transparent communications for all shareholders, as demonstrated by our ongoing engagement. We apologies for the slight delay in making this available to shareholders, and we look forward to updating shareholders in due course on the next steps towards returning to trading."For further information, contact:Pennpetro Energy PlcMavriky KaluginRichard Spinks | c/o Camarco +44 (0) 20 3757 4980

Zak Mir caught up with Howard White, Chairman of Hydrogen Utopia, to discuss the company’s strategy and progress in the fast-evolving hydrogen and clean energy space.Hydrogen Utopia International PLC (LON: HUI) has identified a substantial opportunity in the MENA region, with a particular focus on Saudi Arabia, to deploy its proprietary InEnTec technology for the production of sustainable aviation fuel (SAF) and hydrogen-derived diesel from waste streams.Preliminary financial modelling indicates potential internal rates of return in the high teens for projects requiring minimum capital investment of around US$800m per facility. Under the proposed structure, HUI could retain a 10–20% free-carry equity interest, alongside management fee income commencing from the front-end engineering and design (FEED) phase.The strategy is underpinned by expectations of SAF demand growth in the MENA region exceeding a 40% compound annual growth rate through the 2030s, driven by airline decarbonisation targets and a constraine

Listing of the 21Shares Bitcoin and Gold ETP (‘BOLD’) on the London Stock ExchangeFirst product to be listed combining Bitcoin and GoldLondon Stock Exchange welcomed the listing of the 21shares Bitcoin Gold ETP (BOLD) this week, a new cryptocurrency exchange-traded product developed by 21shares and launched in partnership with ByteTree Asset Management.BOLD is the fifth 21shares cryptocurrency product to be approved by the Financial Conduct Authority for UK retail investors, following the successful listings of the 21shares Bitcoin (ABTC and CBTC) and Ethereum (AETH and ETHC) ETPs. The ETP provides investors with access to both Bitcoin and gold, two globally recognised store-of-value assets, in a single regulated product.The allocation of assets in BOLD is determined monthly based on inverse historical volatility, giving a higher share to the more stable asset. This approach aims to deliver diversification benefits, inflation protection, and a balanced risk profile for investors seeking exposure to the growt