RC Fornax, Blencowe Resources, Oxford BioMedica, Pantheon International - Small Cap Snapshot

Group 1 - RC Fornax PLC is well positioned as the UK reshapes its defence spending, actively bidding across seven frameworks and in advanced talks for three major agreements [1] - The company joined Aurora's Evolve network in January and secured a UK public sector space contract [1] - A December fundraising effort raised £2.1 million, with £4.5 million in firm sales visibility for FY26 [1] Group 2 - Blencowe Resources PLC reported significant near-surface graphite hits at the Iyan deposit in Uganda, with a maiden JORC resource expected in Q1 2026 [2] - Oxford BioMedica PLC's shares fell by 9% despite revenue reaching the top of guidance, as investors await a potential takeover move from EQT [2] Group 3 - Pantheon International PLC experienced a 1.4% dip in NAV in January due to the strength of the sterling, despite positive performance from its underlying portfolio [3] - The trust has engaged in share buybacks at a wide discount and retains £291 million in facility headroom [3]