TRADING UPDATES: Andrada reports 'exceptional' Lithium Ridge results
The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:
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Gelion PLC - London-based battery energy storage systems firm - Completes its Advanced Propulsion Centre UK-funded Advanced Route to Market Demonstrator 4 programme, titled "Advanced Li-S Battery for Mobile Applications". Under the programme, Gelion's NES Cathode Active Material was incorporated into lithium-sulfur pouch cells independently built and evaluated by defence, security and aerospace company QinetiQ PLC. "The cells successfully completed representative drone mission profiles, including repeated high-power take-off and landing events, demonstrating stable cycling, high-power and application-relevant performance in representative unmanned system use cases," Gelion says, adding: "The results show NES performing in real-world conditions relevant to drone applications. This supports Gelion's engagement with potential partners in defence, aerospace, unmanned systems and other lightweight mobility markets where high energy density, high power and supply-chain resilience are increasingly important." Chief Executive Matt Wood says Gelion will be now discuss next steps with QinetiQ "as we evaluate the potentially very large addressable markets for defence and commercial markets for next-generation lightweight mobility."
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Andrada Mining Ltd - tin and tantalum producer in Namibia - Announces the fourth batch of results comprising 14 diamond drill holes from the Lithium Ridge Project. "These results show significant high-grade lithium mineralisation along strike and continuity at depth, alongside consistent tin and tantalum enrichment. This highlights the scale and robust polymetallic economic potential of the project as it is advanced in partnership with SQM International," Andrada says. Confirmes high-grade lithium mineralisation across multiple drill holes including hole LRD097, which records 35.59 metres at 1.52% lithium oxide from 231.80m to 267.39m, including 24.08m at 2.00% lithium oxide from 233.04m to 257.12m. CEO Anthony Viljoen calls the report "exceptional" that "fundamentally enhances the scale and grade profile of the asset, showing continued potential at depth." Continues: "The persistent presence of high-grade tin and tantalum co-products, such as the 0.44% tin intersection over 7.49 metres in hole LRD041 indicates an economic advantage that sets Andrada apart from single-commodity lithium developers. These polymetallic credits have the potential to significantly reduce overall operating costs, validating our aggressive exploration focus and ultimately reinforcing Namibia's position as a premier critical metal jurisdiction."
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Sundae Bar AI PLC - operator of a unified marketplace for artificial intelligence agents - Raises £500,000 gross through the issue of 12.5 million shares at 4 pence each, a 4% discount to the mid-market closing price on August 25. "Funds raised will be used to accelerate the commercial growth of sundae_bar, supporting continued product development, customer acquisition and the expansion of our enterprise AI platform," company says.
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Trekor Metals Ltd - North America-focused copper producer formerly known as Taseko Mines - Chief Financial Officer Bryce Hamming sells 25,000 shares at CAD13.00 on Tuesday in Toronto, worth total CAD325,000.
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Keller Group PLC - London-based geotechnical specialist contractor - Peter Wyton, president of Europe and Middle East, sells 20,000 shares at £29.71 each on Wednesday in London, worth total £594,200
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