Meridian Mining Plc

Sunda Energy PLC has raised £5.25 million to fund completion of its New Zealand acquisition, and is launching a retail offer for a further £525,000. Meridian Mining Plc reported a net present value of $2.09 billion for its Cabaçal project in Brazil, with its CEO saying the economics could make it the next major near-term gold-copper mine. Quantum Helium Ltd is targeting Q4 2026 for a larger fracture stimulation programme at Sagebrush-1 in Colorado, and is taking a 9% stake in Herencia Resources. Light Science Technologies Holdings PLC secured a repeat order from a healthcare devices customer, pushing that contract past £500,000, as it builds out higher-margin work in the defence and medical sectors. Foresight Solar Fund Ltd said it is considering all strategic options to lift a share price stuck below the value of its assets, with the board saying it needs to act decisively to close that gap, while hVIVO PLC appointed Caroline Shaw as an independent non-executive director, bringing more than 30 years of senior healthcare leadership to the board.

Meridian Mining plc has been included in the VanEck Junior Gold Miners ETF following the fund's quarterly review and rebalancing announced on September 11, 2026, effective at the close of markets on September 18, 2026. The GDXJ is the leading global ETF providing investors exposure to precious metals through junior mining equities, tracking the most liquid small and mid-capitalisation companies primarily involved in the mining and development of gold and silver assets. CEO Gilbert Clark called the inclusion a significant milestone that reflects Meridian's increased visibility as an investment opportunity and a testament to the progression and de-risking of the advanced-stage Cabaçal Project, adding that it should improve trading liquidity and widen access to institutional and retail investors. Meridian's Pre-feasibility Study technical report dated March 31, 2025 outlines a base case after-tax NPV5 of USD 984 million and 61.2% IRR from a pre-production capital cost of USD 248 million, with capital repayment in 17 months, and a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent. The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper and 1.64g/t silver at a 0.25 g/t gold equivalent cut-off grade.