【SMM Flash News】 AfDB’s SEFA Launches USD 20 Million Call for Proposals to Support African Green Hydrogen Projects

Meridian Mining (TSX, LSE: MNO) has successfully commenced trading on the London Stock Exchange’s Main Market after raising £25 million ($34 million), a strategic move aimed at securing future inclusion in the FTSE All-Share and FTSE 250 indices. The capital injection will accelerate the development of its Cabaçal gold-copper project in Mato Grosso, Brazil, an advanced-stage open-pit operation with an estimated post-tax IRR of 61% and a net present value of US$984 million. This London listing expands the company's global footprint beyond Toronto and Frankfurt, positioning the Cabaçal volcanogenic massive sulphide deposit as a scalable platform for the company's South American growth strategy.

German renewable energy developer PNE AG has successfully completed the sale of its 25.2 MW Bokel wind farm, located in Lower Saxony, to an investment fund managed by Union Investment. The facility, which consists of seven wind turbines and was commissioned in April 2025, produces enough green electricity to power approximately 17,800 three-person households annually. While the financial terms of the deal remain undisclosed, PNE’s subsidiary, energy consult, will retain technical and commercial management of the site until at least late 2029, ensuring operational continuity under the new ownership.

Iberdrola SA reported a €1.87 billion adjusted net profit for Q1 2026, marking an 11.4% increase year-on-year, primarily fueled by robust growth in regulated networks and an increased stake in its Brazilian subsidiary, Neoenergia. While group revenue remained stable at €12.02 billion, adjusted EBITDA grew 2.4% to €4.07 billion, benefiting from the consolidation of UK operator Electricity North West (ENW). Conversely, the electricity production and customers division saw a 3.2% dip in adjusted EBITDA to €2.02 billion, as increased output in Europe and the UK was offset by non-recurring ancillary service costs in the Iberian market and a tough year-on-year comparison in the US.