Zak Mir talks to Ippolito Cattaneo, CEO of Ajax Resources, in the wake of the high-profile appointment of Elton L.S. Pereira, M.Sc., as Senior Geological Consultant, Brazil. They also discuss the value in the company’s burgeoning portfolio as gold approaches $5,000 an ounce.

Ajax Resources PLC has appointed Elton L.S. Pereira as Senior Geological Consultant for Brazil, with the appointment set to take effect on completion of the acquisition of the Pereira Velho Gold Project, expected around 30 January 2026.

Pereira, who led the original discovery of the project, brings more than 30 years of international exploration experience. He played a key role in defining an initial internal resource estimate of approximately 110,000 ounces of gold, based on drilling across just one-fifth of the project area.

Following completion of the acquisition, Ajax plans to launch a new drilling programme of around 3,000 metres, targeting an initial resource of 350,000 ounces of gold. Management believes the project offers significant upside, with broader exploration potential of up to one million ounces as work progresses.

or further information:

Ajax Resources PlcIppolito Ingo Cattaneo, Chief Executive Officer | Tel: + 44 (0) 208 146 6345
info@ajaxresources.com

Zak Mir talks to Colin Bird, Executive Chairman, Kendrick Resources, as the mineral exploration and development company, announces that it has entered into a binding and exclusive Option Agreement to acquire not less than 70% interest on terms to be agreed with Bonya Exploration Pty Namibia.

Kendrick Resources Plc (LON: KEN) has entered into a binding and exclusive option agreement to acquire a minimum 70% interest in two rare earth exploration licences, EPL4458 and EPL6691, in Namibia. The exclusivity period runs until May 19, 2026.

The licences, located southwest of Aus, have returned encouraging historical results, with peak Total Rare Earth Oxide grades of up to 4.47% and an average grade of 3.12%. Sampling has identified significant concentrations of neodymium, praseodymium and samarium, elements that are critical for the manufacture of high-performance permanent magnets.

Kendrick said it will immediately begin assaying, trenching and drill-target identification as part of its due diligence programme, ahead of a decision on whether to exercise the option to secure the majority interest.

The binding and exclusivity period is valid until 19 May 2026 and can be extended with the consent of Bonya.

Highlights

· The licenses are situated 55km southwest of the town of Aus, approximately 65km southeast of the deepwater port of Lüderitz

· The two license areas are known as Twyfelskupje and Keishohe and are hosted within a Carbonatite and Alkaline intrusive structural corridor

· The two licenses represent well-defined, high-grade targets located within a larger highly prospective area under license

· The Twyfelskupje Carbonatite Complex forms a circular group of hills with a diameter of 1km

· Historical channel sampling and grab sampling returned peak Rare Earth Oxides ("REO") grades of 4.47% and 4.18% with an average REO of 3.12%

· ICP analysis undertaken in Canada, returned high Rare Earth Elements concentrations, greater than 10,000ppm for a number of elements, including Neodymium, Praseodymium and Samarium, which are all important components of high-performance, high-temperature magnets

· The Keishohe Carbonatite Complex indicates scope for an additional three satellite near surface occurrences

· Work will commence immediately on assaying, currently available but unassayed core, further trenching and identification of drilling targets

· Kendrick will concurrently carry out all necessary legal, financial and regulatory checks before determining whether to exercise the option

Colin Bird, Executive Chairman of Kendrick Resources Plc commented: "Rare Earths are globally accepted as new age strategic materials and these licenses are located in Namibia, a country recognized for its support of the development of natural resource projects. The historical Rare Earth values are higher than those generally reported in the industry and the high values of the magnetic elements are very encouraging since such elements are much sought after.

The licenses have areas which are drill ready and historically been well evaluated with geophysics and exploration fieldwork.

We intend to accelerate our due diligence and technical preparedness in order to release the high potential of the project area. We will keep shareholders advised as our evaluation phase develops."

Pennpetro Energy plc (LON: PPP), the company focused on developing strategic traditional and transition energy projects, announces a link to the recording of the shareholder call with management on 15 January 2026 at 18.30-19.30 UK time.

Richard Spinks, Executive Chairman of Pennpetro Energy, said: "We remain committed to ensuring transparent communications for all shareholders, as demonstrated by our ongoing engagement. We apologies for the slight delay in making this available to shareholders, and we look forward to updating shareholders in due course on the next steps towards returning to trading."

For further information, contact:

Pennpetro Energy PlcMavriky KaluginRichard Spinks | c/o Camarco +44 (0) 20 3757 4980

Zak Mir caught up with Howard White, Chairman of Hydrogen Utopia, to discuss the company’s strategy and progress in the fast-evolving hydrogen and clean energy space.

Hydrogen Utopia International PLC (LON: HUI) has identified a substantial opportunity in the MENA region, with a particular focus on Saudi Arabia, to deploy its proprietary InEnTec technology for the production of sustainable aviation fuel (SAF) and hydrogen-derived diesel from waste streams.

Preliminary financial modelling indicates potential internal rates of return in the high teens for projects requiring minimum capital investment of around US$800m per facility. Under the proposed structure, HUI could retain a 10–20% free-carry equity interest, alongside management fee income commencing from the front-end engineering and design (FEED) phase.

The strategy is underpinned by expectations of SAF demand growth in the MENA region exceeding a 40% compound annual growth rate through the 2030s, driven by airline decarbonisation targets and a constrained supply backdrop. HUI believes this positioning offers the potential to capture value from a widening global SAF shortfall while leveraging regional scale and policy momentum.

Aleksandra Binkowska, Chief Executive Officer of HUI, commented: "When I started HUI, I believed we would be playing in the EU league, fuelling hydrogen buses and transforming local transport. Today, after years of trials, resilience, and learning, we stand at the threshold of something far bigger, an opportunity to play in the international league alongside the world's largest players: the airlines and the airports. Reshaping one of the biggest industries in the world.

What once was a game of a few tonnes of hydrogen and local pilot projects has evolved into a game of scale, impact, and vision, shaping global, large-scale infrastructure projects. People will always fly. Humanity is driven to explore, to connect, to discover the world, and there is nothing wrong with that. The challenge was never flight itself, but how we power it.

That is why I would like to invite every CEO of the world's major airlines to come and sit down with us, to explore our real, scalable solution to meet the demands of international aviation. I'm confident in what I know to be bold enough to say it.

If aircraft can fly on waste, guilt disappears and responsibility transforms into progress, regardless of what some so-called eco-purists may claim. There is already enough plastic waste on this planet to fuel the world, without asking people to change their lives or sacrifice their freedom.

For the first time, we will be able to say something extraordinary: fly - and you are helping to save the planet."

Howard White, Chairman of HUI, commented: "I am delighted and very excited by this long-overdue recognition of the potential of SAF, which could unlock exponential opportunities across the MENA region. What has surprised us most is the sheer scale of the shortage - far greater than we ever anticipated. Even more striking is the widespread lack of understanding about what SAF is and how it is fundamentally reshaping global air travel. The growth potential is extraordinary, with a CAGR of over 40% projected over the next five years, and strong momentum sustained over the next 20 years. I have recorded an interview with Zak Mir, to be released today, to explain why so many still fail to grasp its impact.

I believe mandated technologies often go largely unnoticed.

SAF isn't widely known because nothing about flying changes. The plane looks the same, the ticket costs the same, and the passenger doesn't choose the fuel; thus, no one notices it exists."

Listing of the 21Shares Bitcoin and Gold ETP (‘BOLD’) on the London Stock Exchange
First product to be listed combining Bitcoin and Gold

London Stock Exchange welcomed the listing of the 21shares Bitcoin Gold ETP (BOLD) this week, a new cryptocurrency exchange-traded product developed by 21shares and launched in partnership with ByteTree Asset Management.

BOLD is the fifth 21shares cryptocurrency product to be approved by the Financial Conduct Authority for UK retail investors, following the successful listings of the 21shares Bitcoin (ABTC and CBTC) and Ethereum (AETH and ETHC) ETPs. The ETP provides investors with access to both Bitcoin and gold, two globally recognised store-of-value assets, in a single regulated product.

The allocation of assets in BOLD is determined monthly based on inverse historical volatility, giving a higher share to the more stable asset. This approach aims to deliver diversification benefits, inflation protection, and a balanced risk profile for investors seeking exposure to the growth potential of Bitcoin while maintaining the stability of gold.

BOLD is 100% physically backed by the underlying assets, which are held in cold storage by an institutional-grade custodian, ensuring enhanced security. The ETP trades in GBP under the ticker BOLD and carries a 0.65% annual management fee.

Russell Barlow, CEO of 21shares, commented:

"BOLD is an exciting new product that aims to offer investors a potential hedge against inflation, exposure to Bitcoin’s growth potential, and the stability of gold. Now that retail investors in the UK have access to crypto ETPs, 21shares is dedicated to delivering a wider selection of innovative regulated products."

Charles Morris, Founder and CIO of ByteTree Asset Management, added:

"Bitcoin and gold are increasingly viewed as complementary assets in a world of persistent inflation and monetary uncertainty. BOLD applies a disciplined, rules-based approach to combining them, creating a simple and transparent solution for investors seeking diversified exposure to these assets."