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Small Caps Today: Helix Exploration acquires Oklahoma liquefaction plant, Craneware, MedPal AI, Strategic Minerals, Defence Holdings

A busy Friday for small-cap corporate activity was headlined by Helix Exploration's transformative move into US helium liquefaction infrastructure, backed by a substantial equity raise, while Craneware delivered a sharp profit warning that sent its shares tumbling nearly 20%.
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Ilika opens retail offer to raise up to £500,000 for solid-state battery programmes

Existing UK shareholders can participate in a retail offer closing 7 July, with proceeds directed at commercialising Ilika's Stereax and Goliath battery technologies.
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Marks Electrical CFO Tom Pallatt to leave online retailer

The departure triggers an immediate search for a successor, with Pallatt staying on to cover the transition.
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Defence Holdings wins first Ministry of Defence contract

"Securing and commencing our first revenue-generating Ministry of Defence contract is a defining milestone for Defence Holdings," said Chief Executive Andrew Roughan
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Litigation Capital Management writes off £0.8m after appeal rejected

LCM will write down a funded investment after a court denied its client permission to appeal a competition claim loss.
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QBT wins court ruling to resume Italian property auction in Sipiem recovery

"This removes a significant procedural obstacle and represents another important step in our strategy to recover the sums awarded to CL2017," said Francesco Gardin.
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Richmond Hill Resources launches first field programme at Martello Project

"This programme advances the targets that are ready for immediate fieldwork," said Hamish Harris.
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Hot Rocks Investments invests in East African deepwater gas and Brazilian copper explorer

"We are pleased with our new position in Colossal Energy and supporting Prospectiva with their listing plans," said Managing Director Gavin Burnell, adding that WeShop has recently appointed a new chief executive to lead its US expansion.
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Cobra Resources appoints former Rio Tinto executive as strategic advisor

Managing Director Rupert Verco said McIntosh's background across "exploration discovery, project development and technical innovation is first class" and will prove "invaluable when advising the team through commercial strategy, project studies and delivering project value."
The image depicts a mineral exploration site with geologists actively conducting fieldwork. One worker is analyzing rock samples while another is documenting findings, with drilling equipment visible in the background.

Alien Metals flags GreenTech drill mobilisation at Munni Munni and Whundo

It has contracted a drill rig for its 8,300-metre programme at the West Pilbara projects in which Alien Metals holds an interest, with mobilisation planned for late July.
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80 Mile executive becomes managing director for Greenland JV partner

Roderick McIllree, already an executive director at 80 Mile, has been appointed managing director of Nasdaq-listed Greenland Energy Company, the joint venture partner for 80 Mile's flagship Jameson Land Basin Project.
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Strategic Minerals wins planning permission for Britain's largest diamond drilling campaign this century

"We now have the flexibility to build upon the encouraging results received to date and further accelerate development at Redmoor," said Mark Burnett, Strategic Minerals' Executive Director.
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Amaroq Plans Move from AIM to London Main Market

"We believe that a move to the Main Market will enhance our visibility in the capital markets, support access to a broader pool of institutional capital, and further strengthen our platform as we continue to execute our growth strategy," said CEO Eldur Olafsson.
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Crimson Tide extends Cadent contract at higher rate

"This renewal demonstrates the mission-critical role that mpro5 plays in supporting the operations of large, complex enterprises," said Jon Clarke, Chief Executive Officer.
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United Oil & Gas raises £500,000 in placing to fund farm-out push

The AIM-listed oil and gas company has completed a capital raise as it seeks a farm-out partner for its Jamaica exploration licence.
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Craneware warns FY26 revenue and profit to miss expectations

"Naturally we are disappointed not to have delivered the growth that we expected in FY26," said chief executive Keith Neilson, adding that "the long-term opportunity remains intact."
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Ilika closes capital raise to fund Stereax Launch and Goliath EV battery development

"Stereax continues to be of great interest to active implantable medical device developers while the Goliath EV roadmap has reached an exciting intersection point with the urgent sovereign needs of the defence sector," said CEO Graeme Purdy
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MedPal AI raises £5m to acquire care-home software firm and launch oral Wegovy clinic

The AIM-traded digital pharmacy group is using the proceeds to complete a closed-loop care-home medication platform and capitalise on the UK launch of oral Wegovy on 6 July.
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The Premarket Brief: MedPal AI raises £5m for care-home software and oral Wegovy clinic, Helix Exploration, Harbour Energy, Craneware, Ilika

Friday's early news flow is led by a pair of capital raises with clear strategic purpose: MedPal AI is deploying £5m to build out a care-home medication platform and position itself ahead of the UK's oral Wegovy launch.
The image features a frozen metal plate inscribed with the chemical symbol 'He' for helium, surrounded by frost and ice. In the background, a pressure gauge and a blurred industrial setting suggest a laboratory or scientific environment related to gas handling.

Helix Exploration acquires Oklahoma liquefaction plant in deal backed by £17.6m equity raise

The AIM-listed helium producer is buying the Keyes Helium Complex, one of only six operational US liquefaction facilities, at a claimed 65% discount to replacement cost.