IP Group eyes further value growth as cash realisations top £85m

Harena Rare Earths Executive Chairman Ivan Murphy joined Steve Darling from Proactive to discuss a major financing milestone for the company's flagship rare earths project in Madagascar, announcing that Harena has secured a US$5 million project funding facility from the U.S. International Development Finance Corporation (DFC). Murphy described the funding as the first step in what could become a broader strategic financing relationship with the DFC and other organizations connected to the U.S. government's critical minerals initiative. He noted that additional funding opportunities may become available as the project progresses through key development milestones and moves closer to commercial production. The funding underscores growing international interest in securing diversified sources of critical minerals outside China, particularly rare earth elements that are essential for electric vehicles, renewable energy technologies, advanced electronics and defense applications. Murphy highlighted that Harena's Madagascar asset is considered one of the largest proven ionic clay rare earth deposits outside China. Unlike many traditional hard-rock rare earth projects, ionic clay deposits offer significant operational advantages because they do not require extensive blasting, crushing or complex mineral processing in the early stages of development. As a result, Harena believes it can move from development to production more rapidly and at a potentially lower capital cost than many competing rare earth projects. The company is currently targeting initial production within approximately 20 to 24 months. A key component of the DFC partnership involves co-funding the construction of an onsite pilot plant and laboratory in Madagascar. Murphy explained that these facilities will allow the company to demonstrate, under real operating conditions, the same concentration and extraction processes that have already been successfully validated through independent laboratory testing. The pilot plant is expected to serve as a critical bridge between laboratory-scale validation and full-scale commercial production. Successful operation of the pilot facility would provide important technical data, support future financing discussions and help de-risk the project for potential strategic partners and investors. Looking ahead, Murphy identified completion of the pilot plant and laboratory as the company's most important objectives over the next two quarters. He said these milestones will play a central role in advancing project financing discussions and demonstrating the commercial viability of the deposit. Murphy also noted growing interest from potential offtake partners, which he believes has been strengthened by the project's connection to the U.S. government's critical minerals strategy. As global manufacturers seek secure and diversified rare earth supply chains, Harena is seeing increased inbound inquiries regarding future supply agreements. #harenaraerearths #otcqb #crmnf #lse #hree #RareEarths #CriticalMinerals #DFC #USDevelopmentFinance #MadagascarMining #RareEarthMining #EnergyTransition #EVSupplyChain #StrategicMetals #MiningNews #CleanEnergy #ResourceInvesting #ProactiveInvestors #SteveDarling

HANetf product specialist for the Making Europe Great Again ETF, Harry Halewood, spoke with Proactive's Stephen Gunnion about how Europe could benefit from AI's growth, with infrastructure, computing capacity and investment potentially creating opportunities beyond the programming and development segment dominated by the US and China. Halewood said that while attention often focuses on major developers like OpenAI, Anthropic and DeepSeek, AI requires significant supporting infrastructure - an area where Europe is already seeing investment in data factories, supercomputers and computing capacity. "There's more to the AI universe than that, and there's lots of supporting infrastructure that's required to keep those big names ticking along," he said. He highlighted the EuroHPC high-performance computing joint venture, noting Europe's compute capacity is set to triple over its lifetime, with planned AI gigafactories set to expand it further. Halewood also pointed to potential secondary benefits from AI adoption, with Europe's strong exposure to finance, pharmaceuticals and broader industry positioning companies to gain from efficiency and process improvements. Current examples include European data centre initiatives and Mistral's plans to expand compute capacity, with demand currently outstripping supply. On financing, Halewood cited EuroHPC's €8.2 billion budget running from 2021 to 2027, as well as InvestAI - a planned €200 billion initiative combining €50 billion of public funding with the aim of encouraging around €150 billion in private investment. Visit Proactive’s YouTube channel for more videos and interviews. Don’t forget to give the video a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #HANetf #MakingEuropeGreatAgainETF #ArtificialIntelligence #AI #AIInfrastructure #EuropeanAI #EuropeInvesting #ETF #Investing #DataCentres #Supercomputing #EuroHPC #InvestAI #EuropeanMarkets #TechnologyInvesting

accesso Technology Group PLC (LSE:ACSO, OTC:LOQPF, FRA:LQG) CEO Lee Cowie spoke with Proactive's Stephen Gunnion about the company's interim results, the improvement in cash EBITDA, its move towards a connected software ecosystem, and growth opportunities from accesso Intelligence and accessoPay. Cowie explained that while revenue was broadly flat, cash EBITDA rose almost 50%, reflecting cost action taken in January. He said Accesso had been "very judicious on our costs," with those measures now flowing through and driving the improvement. The CEO also discussed accesso's shift from individual products towards a connected software ecosystem, aiming to serve venues more effectively across the customer journey, including the points where money changes hands between guests and venues. Cowie highlighted the potential of accesso Intelligence following the Dexibit acquisition, describing the acquired platform as "AI first" and positioned on top of Accesso's existing ecosystem to add further value for customers. accessoPay represents another opportunity. accesso processes around $5 billion of gross transaction volume through its platforms, with Cowie estimating $1-2 billion of that could be addressable within its existing customer base, at a margin of around 40 to 100 basis points. Looking ahead, Cowie reiterated 2026 guidance, highlighting the importance of October trading around Halloween and around $1 million of milestone payments in Saudi Arabia. Visit Proactive’s YouTube channel for more interviews and market updates. If you found this video useful, give it a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #Accesso #AccessoTechnology #AccessoTechnologyGroup #LeeCowie #AccessoPay #AccessoIntelligence #Dexibit #ArtificialIntelligence #AI #Payments #Fintech #Technology #Software #ThemeParks #AttractionsTechnology #InvestorNews #AIMStocks #GrowthStocks #InterimResults #Proactive

Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU) managing director Richard Belcher spoke with Proactive's Stephen Gunnion about the company's latest drilling results, including what he described as its best intersection yet: 121 metres at 78 grams per tonne silver equivalent. Belcher said the standout feature was the extent of mineralisation, running from four metres below surface to around 125 metres vertically, with the hole ending in mineralisation and the grade holding consistent throughout. "It's a fantastic result for us," he said. The latest drilling is also giving Tertiary further insight into the potential depth and scale of mineralisation. Belcher explained that several holes have extended beyond the boundary of the existing exploration target, suggesting scope to expand it, with the company also considering whether mineralisation could continue into underlying sulphide zones. He discussed the combination of strong silver grades and higher-grade copper intervals, with ongoing metallurgical test work set to help clarify the significance of the polymetallic mineralisation. Several drill results remain outstanding. Once released, Belcher said the next step is metallurgical test work, feeding into an updated exploration model as the company works towards defining a mineral resource - a milestone Tertiary remains on track to hit by year-end. Visit Proactive’s YouTube channel for more interviews and market updates. If you found this video useful, give it a like, subscribe to the channel and enable notifications for future Proactive content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #TertiaryMinerals #Silver #Copper #SilverMining #CopperMining #Mining #MineralExploration #Drilling #Exploration #MineralResource #MiningStocks #AIMStocks #Proactive

First Graphene commercial manager Neil Armstrong talked with Proactive about the company’s first production purchase order from Australian manufacturer Pacific Urethanes for PureGRAPH® graphene, which will be used in polyurethane systems targeting fire-retardant applications in the mining industry. Armstrong said the order represents an important first commercial step following around two years of development work by the customer, including extensive testing against the standards required to bring the technology to market. He explained that graphene can contribute to fire-retardant performance by forming a physical barrier that helps protect the underlying material. When combined with traditional non-halogenated fire-retardant additives, Armstrong said PureGRAPH® can help formulations achieve required fire performance at lower additive loadings. That is particularly relevant in mining applications, where polyurethane materials can be exposed to high levels of wear and tear. Armstrong also discussed the wider commercial potential for the technology. He said the mining order provides First Graphene with a commercial-scale case study that could help build confidence in PureGRAPH® and support adoption across additional mining applications. Visit Proactive’s YouTube channel for more interviews and company updates. Don’t forget to give this video a like, subscribe to the channel and enable notifications for future content.

MicroSalt PLC (AIM:SALT) CEO Rick Guiney spoke with Proactive's Stephen Gunnion about the company's low-sodium technology, its milestone of more than 1.5 billion servings, and the growth it expects from relationships with major multinational food companies. Guiney explained that MicroSalt physically reduces the size of salt crystals, increasing surface area so the salt dissolves more effectively on the tongue - letting consumers experience full flavour while using less sodium. The technology can work across different salt types and a wide range of food categories. The company has now surpassed 1.5 billion servings across four continents, spanning snacks, dairy and bakery products, a milestone Guiney said shows MicroSalt has moved well beyond the product-concept stage. Discussing relationships with major food producers, Guiney described them as "the backbone of our whole business model," explaining that working with multinationals provides an opportunity to introduce the technology across multiple brands, products and markets. Guiney also discussed MicroSalt's revenue forecasts of $4.5 million for 2026 and $15 million for 2027, with growth expected as existing customers roll the technology into additional products - the 2027 figure based on commitments already in hand. Looking ahead, Guiney pointed to planned product rollouts and potential announcements over coming months as important catalysts: "The door is about to open." Visit Proactive’s YouTube channel for more interviews and updates. Don’t forget to like this video, subscribe to the channel and enable notifications for future content. The description above is based solely on the interview transcript. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #MicroSalt #SALT #LowSodium #SodiumReduction #FoodTechnology #FoodInnovation #FoodIndustry #HealthTech #CardiovascularHealth #InvestorNews #AIMStocks #GrowthStocks #Investing #ProactiveInvestors #RickGuiney

EMV Capital (AIM:EMVC, FRA:NTK1) has bought a Rotterdam plastics recycling plant for an undisclosed price through new subsidiary Winalot. It plans to retrofit new tech and get it running again within around 18 months. Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) says new seismic work could lift its Kodiak oil resource estimate by at least 25%. Ten parties remain active in the data room as farm-out talks continue. MP Evans Group PLC (AIM:MPE) says its rising palm oil harvest has carried into the second half after a record first half. Gross profit jumped 25%, and the interim dividend's up 39%. Cerillion PLC (AIM:CER) has warned full-year revenue will fall short of expectations after customer orders were delayed. It's now guiding to between £46 million and £48 million. Hardide PLC (AIM:HDD) has landed a first production order worth around $1.9 million for its new second-generation components. It's from a North American energy sector customer. Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) has mobilised a rig for a two-well drilling campaign at its WD-4 block in Trinidad. Gas output at its Cascadura field has also been climbing steadily. Follow us and subscribe on YouTube, our social channels, and on proactiveinvestors.co.

hVIVO PLC (AIM:HVO) chief executive Yamin 'Mo' Khan spoke with Proactive's Stephen Gunnion about the company's results for the first half of 2026, its record order book, full-year guidance and the expansion of its clinical research services. Khan said hVIVO generated around £16.3 million in revenue in H1, alongside an EBITDA loss of £4.5 million, ending the period with £13 million in cash, a performance in line with the company's previous guidance that 2026 would be weighted towards the second half. A key focus was the order book. Three sizeable human challenge trial contracts, including hVIVO's first pivotal Phase 3 trial with ILiAD, took it to £65 million at the end of June, rising to £72 million including CRS Berlin, acquired in Q3. "This is the highest record order book in the company's history," Khan said, noting it was calculated using a stricter, more conservative methodology and provides visibility into the rest of 2026 as well as 2027 and 2028. For the full year, hVIVO expects second-half revenue to almost double versus H1, targeting £47 million and a low single-digit EBITDA loss, with the company expecting to turn EBITDA positive during H2. Khan also discussed hVIVO's evolution beyond its core human challenge trial business into a more integrated CRO offering spanning consulting, laboratory services and non-human challenge Phase 1 and 2 trials, with the acquisitions of CRS Mannheim, Kiel and Berlin adding capacity and therapeutic expertise, including dermatology and women's health. Watch the full interview to hear more about hVIVO’s outlook and strategy. Visit Proactive’s YouTube channel for more videos, and don’t forget to like the video, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #hVIVO #HVO #ClinicalTrials #ClinicalResearch #CRO #HumanChallengeTrials #Biotech #Biotechnology #Pharma #DrugDevelopment #Phase1 #Phase2 #Phase3 #LifeSciences #Investing #AIMStocks #ProactiveInvestors

IP Group PLC (LSE:IPO) CEO Greg Smith spoke with Proactive's Stephen Gunnion about a strong start to 2026, with NAV per share reaching around 117p and cash proceeds topping £85 million year to date. Smith discussed progress in Pfizer’s obesity programmes, including the berobenatide and amylin combination moving into Phase 2b, alongside further positive data from Pfizer’s lead Phase 3 programme. He also highlighted the wider portfolio, with companies raising more than £540 million of third-party capital in the first half across areas including quantum computing, AI, healthtech and cleantech. IP Group has now generated more than £150 million of realisations since the start of 2025 towards its £250 million target by the end of 2027. Smith also discussed the group’s expanding private capital platform and the potential catalysts across the portfolio over the next 12 to 18 months. Visit Proactive’s YouTube channel for more interviews and market updates. If you found this video useful, give it a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #IPGroup #IPGroupPLC #GregSmith #InterimResults #Investing #UKInvesting #TechnologyInvesting #DeepTech #HealthTech #CleanTech #QuantumComputing #ArtificialIntelligence #AIInfrastructure #Pfizer #ObesityTreatment #OxfordQuantumCircuits #QuantumMotion #Oxa #PortfolioCompanies #GrowthInvesting #ProactiveInvestors #Proactive

Honey Badger Silver CEO Chad Williams joined Steve Darling from Proactive to share news the company is taking significant steps toward unlocking value from two of its key northern Canadian assets, advancing plans to restart the historic PC Silver Mine in the Northwest Territories while expanding exploration efforts at its Nanisivik Project on Baffin Island, Nunavut. Williams explained that the PC Silver Mine is a rare asset because it already contains an extensive processing facility that was substantially completed in 1982 but never entered commercial operation. The facility has remained largely intact and well preserved for decades after the project was mothballed when silver prices declined. According to Williams, replacing the existing infrastructure today would likely cost at least $300 million and require several years to construct. As a result, understanding which components of the facility can be efficiently reused is expected to play a critical role in determining both the economics and timeline of a potential restart. Tusk Automation has begun an on-site assessment of the facilities, with fieldwork expected to be completed by the end of September and a final report anticipated by late November. While the study's findings will not be available in time to be incorporated into the company's upcoming Preliminary Economic Assessment (PEA), Honey Badger expects the work to provide engineering-level information suitable for inclusion in a future feasibility study. The company's broader objective is to accelerate the restart of the PC Silver Mine by leveraging the substantial infrastructure already in place and capitalizing on the decades of development work previously completed at the site. In addition to advancing the PC project, Honey Badger has completed its 2026 field exploration program at the Nanisivik Project, a historic mining district located on Baffin Island in Nunavut. The program builds on encouraging exploration results generated in 2025 and focuses on two emerging opportunities identified by the company. The first is an extensive massive-pyrite system that management believes may host additional valuable mineralization. The second is the potential for silver, zinc, lead and critical mineral enrichment located outside the historically mined areas. The 2026 campaign was specifically designed to improve the company's understanding of these targets using modern geological and analytical techniques. Field crews collected numerous samples that have been transported under strict chain-of-custody procedures and submitted to an independent accredited laboratory for comprehensive multi-element geochemical analysis. #proactiveinvestors #honeybadgersilver #tsxv #tuf #otcqb #hbeif #pcsilvermine #nanisivikproject #SilverMining #CriticalMinerals #NorthwestTerritories #Nunavut #Nanisivik #PCSilverMine #Mining #MineralExploration #Silver #Germanium #Zinc #Lead #ResourceSector #MiningStocks #CanadianMining #PreciousMetals #Infrastructure #Investing #ProactiveInvestors