Elementis PLC issued a corrected preliminary results announcement, notably revising its Personal Care revenue to an increase of 2.4% on a constant currency basis for FY2025. In project developments, Xtract Resources plc announced its Wildstone venture is fast-tracking antimony licence development towards production following significant mineralisation discoveries. Medcaw Investments PLC reported a 67% reduction in its FY2025 loss before tax, with shares remaining suspended pending a Reverse Takeover for the Eagle Lake Gold Project. Additionally, Atlas Metals Group PLC provided an update on its proposed UPSA acquisition, confirming substantial pozzolanic silica alumina resources at the Warialda project through an independent assessment.
Specialty chemicals firm Elementis ELM Group announced corrections to its preliminary results for the year ended 31 December 2025. The updated statement revises Personal Care revenue performance, which was initially reported as being down 2.4% on a constant currency basis, to now show a 2.4% increase. Additionally, central costs were adjusted from $16.2 million to $16.5 million. The revision highlights a stronger performance in a crucial segment, providing greater clarity on the Group's financial health.
Xtract Resources XTR reported that its 80%-owned venture, Wildstone SARL, is moving its Amghas and Ighoud antimony licences towards production. The company stated that assessment and development work at the former mining sites revealed significant antimony mineralisation. Consequently, the board has approved further investment to accelerate production, initially focusing on the Amghas site. This strategic advancement signals the transition from exploration to potential operational revenues.
Medcaw Investments MCI unveiled its audited financial results for the year ended 31 December 2025, showing a substantial 67% reduction in loss before taxation to £144,478. This improvement was partly due to the elimination of impairment charges and a waiver of accrued director fees totaling £182,454. The company also reminded the market that its shares are temporarily suspended as it progresses towards a proposed Reverse Takeover of the Eagle Lake Gold Project, awaiting an AIM admission document.
Atlas Metals Group AMG released an update on its proposed acquisition of Universal Pozzolanic Silica Alumina (UPSA), confirming the transaction is progressing as expected. Significant strides have been made, including an independent JORC compliant assessment of pozzolanic silica alumina resources at the Warialda project in New South Wales, Australia, conducted by SLR Consulting Australia. This detailed resource confirmation is a crucial step in the acquisition process, highlighting the asset's value.