Alien Metals Limited (UFO), a minerals exploration and development company, noted the release of the Quarterly Activities Report for the period ending 31 March 2026 by its joint venture partner at the Munni Munni Platinum-Palladium-Copper-Nickel Project, GreenTech Metals Limited (ASX: GRE) (“GreenTech”), highlighting significant progress at Munni Munni in Western Australia.
Alien has exposure to key critical metals and precious metals via the Munni Munni Project including copper, nickel, platinum, and palladium. Alien holds a 30% interest, free carried to the completion of a bankable feasibility study at Munni Munni, together with 47 million GreenTech shares, representing a 17.1% interest in the issued share capital of GreenTech.
Comment: Shares of UFO should have been off to the moon in the wake of the 2.79 Moz silver mineral resource estimate at Elizabeth Hill. The fact that so far they have not remains something of a mystery. However, this is not a state of affairs one expects to last that long given the way UFO has more than one string to its bow, a point underlined by today’s news.
Ascent Resources Plc (AST), the onshore US focused oil and gas company, notes yesterday’s announcement by Neometals Ltd (ASX: NMT) defining a maiden potash and lithium Exploration Target for Utah Brine Corporation (“UBC”) which holds 100% of the Utah Brine Project located in the Paradox Basin, south-east Utah, USA. Neometals has a 51% shareholding interest in UBC. In March 2026, Ascent (together with American Helium LLC and its affiliates) entered into a binding Access and Use Licence with UBC. This grants UBC exclusive rights to access and utilise 24 inactive oil and gas wells, associated leases, infrastructure and the “Covered Acreage” for brine sampling, test work, extraction, processing and related activities.
Comment: Shares of AST are up 50% so far this year, and apparently with little effort as the market looks forward to a happy conclusion to the company’s mega claim. At the same time news such as today’s underlines the way that AST is not simply just a punt on a payout.
Pulsar Helium Inc. (PLSR), a primary helium company, understands that a third-party broker has falsely circulated communications including terms of a private placement involving the Company. These communications have no basis. The Company is currently reviewing its regulatory and legal options to hold the third party responsible for circulating the false communications in respect of a financing for the Company.
Comment: While the leak is obviously not great, it is the case that there are bad actors in the market who leak placings deliberately to undermine companies, and nothing happens to them. In the case of PLSR, sentiment and share price are both strong enough to withstand such passing issues.
Active Energy (AEG) announced that it has signed a non-binding Letter of Intent (“LOI”) with Bitdeer Middle East Technology Ltd., a wholly owned subsidiary of Bitdeer Technologies Group (NASDAQ: BTDR). Bitdeer is a global leader in digital asset mining infrastructure and ASIC manufacturing. The LOI establishes the framework for a strategic joint mining partnership, positioning Active Energy to rapidly transition into a scaled, revenue-generating digital infrastructure platform aligned with its targeted 100MW rollout.
Comment: Our share price targets are being hit on a regular basis, as regular as the recent newsflow from AEG has been. One can dare to say that the market likes and understands what is going on here with the magic words remaining “revenue-generating”, something which AEG should be able to scale up on sooner rather than later.
CyanConnode Holdings plc (CYAN), a global provider of IoT communication and smart metering solutions, announced a trading update for the 12 months ended 31 March 2026, The Company expects to report revenues of in excess of £20 million (subject to audit) (FY2025: £14.2 million) for the period. A significant proportion of this revenue relates to the Company’s Goa project, for which installation has now commenced. The first meters, along with an integrated software platform and related services, were successfully implemented during H2 FY2026. This project represents CyanConnode’s first contract as an Advanced Metering Infrastructure Service Provider.
Comment: An inverse version of the boy who cried wolf is in operation at CYAN in the sense that however bullish the company gets in its outlook, the share price and the market remains nonplussed. One wonders what has to happen here to finally move the dial?
Alkemy Capital Investments plc (ALK), through its wholly owned subsidiary, Tees Valley Lithium (TVL), is pleased to provide an update on key areas of project development as it progresses the UK’s flagship lithium refining facility in Teesside. TVL said “This update reflects continued progress across the core elements required to deliver the project. Independent validation of our cost position following FEED, alongside earlier benchmarking, which positioned TVL as one of the most cost-effective refinery projects, providing a strong foundation as we move forward. At the same time, progress on securing critical reagents and advancing site and infrastructure workstreams demonstrates the level of preparation required to deliver a project of this scale. Together, these steps reinforce TVL’s role as a key part of the UK and European battery materials supply chain.”
Comment: Perhaps rather surprisingly given the reported operational progress at TVL, shares of ALK are well off their February highs when they threatening the 500p zone. What will be interesting now is whether the stock can rebound in the current zone just under 300p and the 200 day moving average, to maintain the overall uptrend of the past year?
The Smarter Web Company (SWC) announced the purchase of additional Bitcoin as part of “The 10 Year Plan” which includes an ongoing treasury policy of acquiring Bitcoin. Details are as follows: Number of Bitcoin Purchased: 44 Bitcoin Average Purchase Price: £57,081 per Bitcoin ($77,071 per Bitcoin) Amount Purchased: £2,511,585. Total Bitcoin Holdings: 2,750 Bitcoin Total Average Purchase Price: £82,031 per Bitcoin ($110,758 per Bitcoin) Total Amount Purchased: £225,586,047.
Comment: Einstein’s definition of madness of doing the same thing again and again and expecting a different result seems to be the strategy at SWC. This is even after Bitcoin halved from the October peak. But perhaps SWC is capable of proving Eistein wrong, after all he was never involved in a Bitcoin Treasury Strategy company.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
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