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Tuesday, July 28, 2026

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Interesting Company News Today

TotalEnergies and Eni: Final Investment Decision for the Development of the Cronos Gas Field in Cyprus

(LSE:TTE) (NYSE:TTE) TotalEnergies and Eni, each holding 50%, have taken the Final Investment Decision (FID) for the development of the Cronos gas field in Cyprus offshore Block 6, discovered in 2022 and appraised in 2024. The Cronos field is located approximately 185 kilometers southwest of the coast of Cyprus and will be developed through four subsea wells. Gas from Cronos will be transported by subsea pipeline from Cypriot waters to Egypt, where it will be liquefied at the Damietta LNG terminal before export to Europe. Production start-up is expected in 2028, with a plateau of around 500 million cubic feet per day (Mcf/d), equivalent to around 2.8 million tons of LNG per year (Mtpa), with 50% marketed by TotalEnergies. The main commercial and contractual agreements required for the project were signed following the signature, in February 2025, of a Host Government Agreement. TotalEnergies is also present in Cyprus in offshore Blocks 11 (50%, operator), 7 (50%, operator), and 8 (40%). TotalEnergies is the world’s third largest LNG player with a global portfolio of 44 million tonnes in 2025 and access to more than 20 Mtpa of regasification capacity in Europe.

Talos Energy Announces Strategic Offshore Mexico Development Farm-In

(NYSE: TALO) Talos Energy Inc. announced the execution of a definitive agreement to farm into the Block 29 development offshore Mexico, operated by Repsol, S.A., acquiring a 50% working interest for a contingent $30 million payment at final investment decision ("FID"), a cash carry of up to $20 million on the next exploration well, and reimbursement of certain pre-closing costs. The acquired assets include a 50% working interest in Block 29, located in the Salinas-Sureste Basin in the southern Gulf of Mexico, an area that has seen more than a dozen deepwater discoveries. Block 29 contains the Polok and Chinwol oil discoveries, which together are estimated to contain more than 200 million barrels of oil equivalent ("MMBoe") of gross recoverable resource. Upon closing, Talos will hold a 50% working interest and, together with Repsol, will be the sole participants in the block. The transaction is subject to approval by Mexico's Secretaría de Energía ("SENER") and the National Anti-trust Commission of Mexico. The partners expect to progress the project toward FID in 2027. The company projects that these transactions are expected to extend resource life and further support long-term value creation as they continue to advance their strategy to build a long-lived, scaled portfolio and become the leading pure-play offshore E&P.

DiagnaMed Holdings Corp. Announces Proposed Name Change to GeoHydrogen Corp., Aligning Its Corporate Identity With Its Strategic Focus on Natural Clean Hydrogen

(CSE: DMED) (OTCQB: DGNMF) DiagnaMed Holdings Corp. announced its intention, subject to regulatory acceptance, to change its corporate name to GeoHydrogen Corp. to better align with its strategic focus on natural clean hydrogen exploration and development. The Company has assembled a portfolio of highly prospective natural hydrogen projects, including the Temiskaming Natural Hydrogen Project in Ontario, where soil-gas exploration has identified an approximately 11-kilometre corridor of anomalous hydrogen readings, with concentrations exceeding 2,000 ppm, and the newly acquired Colchester East Natural Hydrogen Project in Nova Scotia, comprising 30 exploration licences totalling 2,104 mineral claims within the Cumberland Basin. The Company's common shares are expected, subject to CSE acceptance, to trade on the Canadian Securities Exchange under the proposed ticker symbol "GEOH". The name change does not affect the number of common shares outstanding, and existing share certificates remain valid. The Company reaffirms its ongoing strategic technical advisory partnership with Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF), which will continue to guide exploration across both Ontario and Nova Scotia projects. QIMC applies its proprietary R2G2™ exploration framework, integrating structural geology, soil gas geochemistry, and geophysics to identify naturally occurring hydrogen systems. The Company expects a steady flow of exploration catalysts through the current field season, including infill soil gas results from Temiskaming and the first systematic geochemical dataset from Colchester East.

Noble Plains Uranium Commences Confirmation Drill Program at Shirley Central Project

(TSXV: NOBL) Noble Plains Uranium Corp. has mobilized a drill rig to its Shirley Central Project in Wyoming's Shirley Basin for a confirmation drill program designed to convert historical drilling data toward a compliant mineral resource estimate. The company acquired a database comprising 1,211 historical gamma-ray logs from uranium exploration conducted between the 1950s and 1970s, which were digitized using a computer vision pipeline and identified 341 qualifying uranium intercepts. The confirmation drill program will consist of seven drill holes to fast-track Shirley Central toward a potential mineral resource. Shirley Central consists of 30 unpatented mineral claims covering 665 acres adjacent to Ur-Energy's Shirley Basin ISR Project, which currently hosts a NI 43-101 compliant Measured & Indicated resource of 8.816 million lb U₃O₈ at 0.23%. The company projects that success in the seven-hole program will allow them to move directly toward an initial mineralization estimate and, ultimately, a NI 43-101 resource. The project is bordered by Uranium Energy Corp. (UEC), placing Noble Plains between two active U.S. uranium developers. Noble Plains Uranium Corp. is advancing a portfolio of high-potential projects amenable to In Situ Recovery (ISR).

Grit Metals Identifies New Spodumene-Boulder Targets and Confirms Highly Fractionated Pegmatite System Through Recent Drill Program at Central Finland Lithium Project

(TSXV: FIN) Grit Metals Corp. announced results from its ongoing surface exploration and maiden diamond drilling program at its 100%-owned Central Finland Lithium Project. The company discovered new spodumene-bearing boulders in previously untested areas of the Jylhä target, with multiple assays returning >0.5% Li₂O and high-grade samples of 2.0% and 2.4% Li₂O. Maiden drilling intersected multiple geochemically evolved and highly fractionated pegmatite bodies, confirming a fertile Lithium-Cesium-Tantalum ("LCT") pegmatite system within the project area. At Mörkylä, drillhole MK26-007 intersected a 2.90 m alteration interval averaging 250 ppm Li, with elevated caesium, tin, and beryllium values of 46.2 ppm Cs, 27.5 ppm Sn, and 5.9 ppm Be. QAQC results to date do not indicate any analytical accuracy issues, with all standards returning Li values within 3 standard deviations of their certified mean. The company projects further exploration, including a more extensive boulder sampling campaign and follow-up work programs to advance new targets. Grit Metals Corp. is focused on lithium-cesium-tantalum pegmatites in central Finland, with exploration located within 1 km of Keliber's integrated lithium mine and production complex.

Greenvale Energy Raises $3.25m for Next Round of Exploration at Thunderball Uranium Project

(ASX:GRV) Greenvale Energy has received firm commitments to raise approximately $3.25 million to underpin exploration and growth at its Thunderball uranium project in the Northern Territory. Investors will be issued with a total 98.48 million shares priced at $0.033 each, representing a 13.2% discount to the last traded price of $0.038 and an 18.7% discount to the five-day volume weighted average price of $0.0406. Each share will include a free attaching unlisted option on a one-for-two basis, with an exercise price of $0.07 per option and an expiry date of two years from issue. Greenvale directors have committed to subscribe for 3.03 million shares to raise a further $100,000. A portion of the funds will be used for administrative matters relating to the Pine Creek uranium project acquisition from Patronus Resources (ASX: PTN). The company is also seeking to advance Test Program 7 for the Alpha torbanite-cannelite project in Queensland with product refinement and processing work currently being undertaken by third-party contractors. The program aims to define a set of drill-ready targets in order to continue the development of Greenvale’s exploration model for the area.

Alligator Energy Extends Uranium Mineralisation at Samphire’s Blackbush Deposit

(ASX: AGE) Alligator Energy has extended uranium mineralisation about 600 metres south of previous drilling at the Blackbush deposit within its Samphire uranium project. The company has completed another 108 delineation holes within the existing Blackbush mineral resource area to strengthen technical confidence for detailed mine planning under the Samphire feasibility study. Four highlighted intersections ranged from 2.4m to 5.0m at grades of 0.11% to 0.20% equivalent uranium grade (eU3O8), with the strongest grade recorded over 2.4m from a depth of 61.0m. Another standout interval returned 5.0m at 0.13% eU3O8 from 63.6m, while the southernmost highlighted result delivered 4.3m at 0.11% eU3O8 from 56.0m. Infill drilling has started at Plumbush for the first time since 2011, with drill spacing reduced from about 200m to 400m to between 25m and 50m. The new Blackbush information will feed into a mineral resource estimate (MRE) update anticipated in the first or second quarter of 2027. Drilling is planned to continue until late in the fourth quarter of 2026, with the broader program scheduled for completion during that quarter.

Uranium Royalty Completes Landmark Sweetwater Transaction Creating Leading Uranium and Land Royalty Company

(NASDAQ: UROY) (TSX: URC) Uranium Royalty Corp. announced the completion of its previously announced plan of arrangement transaction, resulting in the combination of the Company and the Sweetwater Entities under a newly formed U.S.-domiciled parent company, Uranium Royalty Corp. ("New URC"). The Arrangement adds a royalty portfolio with approximately 850,000 acres of fee surface rights and approximately 4.5 million acres of mineral rights in fee, making New URC the second largest public-company landowner in the United States (excluding real estate investment trusts) and the largest in Wyoming. The Sweetwater Entities' land package covers Wyoming's Green River Basin, the world's largest known trona (soda ash) deposit, and includes five currently operating mines. New URC drew US$40 million under a US$50 million senior secured revolving credit facility from Bank of Montreal as bridge financing, with the Bridge maturing on January 31, 2027, and the Facility maturing on July 31, 2029. The Arrangement was approved by shareholders on July 20, 2026, and by the Supreme Court of British Columbia on July 23, 2026. Each shareholder received one share of common stock of New URC for each common share of URC held, with certain eligible Canadian shareholders entitled to receive exchangeable shares on a one-for-one basis. The common stock of New URC will be listed on NASDAQ as of July 28, 2026, and the URC Shares will be delisted from the TSX effective as of the close of market on July 28, 2026.

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