Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

Cross Asset Strategy

<ul>
<li>For a special February 2026 edition of Hybridan’s View from the Broker’s Desk, we are delighted to be joined by Laurence Hulse, founder of Onward Opportunities, a leading UK Small Cap Investment Trust.</li>
<li>Laurence started his career at Gresham House in 2015, around the time of its inception, and worked on a number of outperforming equity products.</li>
<li>Recently, Onward Opportunities reported a record year of net asset value growth in the 12 months ended 31 December 2025, delivering top-quartile performance within the UK Smaller Companies sector and extending its track record of outperformance since launch.</li>
</ul>


For a special February 2026 edition of Hybridan’s View from the Broker’s Desk, we are delighted to be joined by Laurence Hulse, founder of Onward Opportunities, a leading UK Small Cap Investment Trust.
Laurence started his career at Gresham House in 2015, around the time of its inception, and worked on a number of outperforming equity products.
Recently, Onward Opportunities reported a record year of net asset value growth in the 12 months ended 31 December 2025, delivering top-quartile performance within the UK Smaller Companies sector and extending its track record of outperformance since launch.


Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>Critical Minerals Outside of China Will Command A Strategic Premium</li>
<li>As risk appetite in the mining sector increases, the biggest gains will be in the junior miners and exploration companies</li>
<li>We highlight eight companies as a basket of such miners which should benefit from these trends</li>
</ul>


Critical Minerals Outside of China Will Command A Strategic Premium
As risk appetite in the mining sector increases, the biggest gains will be in the junior miners and exploration companies
We highlight eight companies as a basket of such miners which should benefit from these trends


A Basket of High-Risk, High-Reward, Critical Metal Miners with Strategic Value - Pt 2

Equity Bottom-Up

<ul>
<li>The minerals exploration and development Company shared an update from its joint venture partner at the Elizabeth Hill Silver Project, West Coast Silver Limited (ASX: WCE), which included results from diamond drilling with high-grade silver and base metal intersections.</li>
<li>The Diamond Drilling assays from below and south of the Elizabeth Hill historical silver workings have intersected a highlight of 3m @ 524g/t Ag from 183m; including 1.5m @ 1,039g/t Ag from 184.5m in diamond drill hole 26WCDD029.</li>
<li>West Coast Silver has also received significant assay results for the last 15 of 32 reverse circulation drill holes completed in May 2026 at the Elizabeth Hill Project, located near Karratha in the Pilbara region of Western Australia. </li>
</ul>


The minerals exploration and development Company shared an update from its joint venture partner at the Elizabeth Hill Silver Project, West Coast Silver Limited (ASX: WCE), which included results from diamond drilling with high-grade silver and base metal intersections.
The Diamond Drilling assays from below and south of the Elizabeth Hill historical silver workings have intersected a highlight of 3m @ 524g/t Ag from 183m; including 1.5m @ 1,039g/t Ag from 184.5m in diamond drill hole 26WCDD029.
West Coast Silver has also received significant assay results for the last 15 of 32 reverse circulation drill holes completed in May 2026 at the Elizabeth Hill Project, located near Karratha in the Pilbara region of Western Australia. 


<ul>
<li>24th October: Sterling Digital, the bitcoin mining business, has announced its intention to seek admission on the Access segment of the Aquis Stock exchange.</li>
<li>The Company’s objective is to deliver sustainable long-term growth via compounding bitcoin exposure through cheapest-in-class mining and active management of bitcoin reserves.</li>
<li>The Company expects to raise money and Admission on or around 11 November 2025. </li>
</ul>


24th October: Sterling Digital, the bitcoin mining business, has announced its intention to seek admission on the Access segment of the Aquis Stock exchange.
The Company’s objective is to deliver sustainable long-term growth via compounding bitcoin exposure through cheapest-in-class mining and active management of bitcoin reserves.
The Company expects to raise money and Admission on or around 11 November 2025. 


Hybridan Small Cap Feast: 04 November 2025

<ul>
<li>It’s been a fantastic past few weeks in the market and the message from the conversations at the coal face is clear – sentiment is starting to pick up with a surge in primary placings and the welcoming of IPOs such as Beauty Tech Group (£300m market capitalisation), Shawbrook Group (£1.92bn market capitalisation) and Princes Group (£1.1bn market capitalisation).</li>
<li>Wearing my unashamedly biased small-cap hat, I fear that those in power politically will look upon the success of these IPOs and wonder what we are all worried about in the SMID capital markets world.</li>
<li>Just in time for Halloween, Begbies Traynor (BEG.L) released their latest Red Flag Alert Report for Q3 2025 which read more like a Stephen King novel. </li>
</ul>


It’s been a fantastic past few weeks in the market and the message from the conversations at the coal face is clear – sentiment is starting to pick up with a surge in primary placings and the welcoming of IPOs such as Beauty Tech Group (£300m market capitalisation), Shawbrook Group (£1.92bn market capitalisation) and Princes Group (£1.1bn market capitalisation).
Wearing my unashamedly biased small-cap hat, I fear that those in power politically will look upon the success of these IPOs and wonder what we are all worried about in the SMID capital markets world.
Just in time for Halloween, Begbies Traynor (BEG.L) released their latest Red Flag Alert Report for Q3 2025 which read more like a Stephen King novel. 


United Kingdom

First Tin is an ethical, reliable, and sustainable tin development company focused on bringing high-value, low-capex tin assets into production in Germany and Australia. The company aims to provide responsibly sourced tin, a critical metal for electronics, renewable energy systems, semiconductors, and advanced manufacturing. First Tin Plc was incorporated in 2012 and is based in London, United Kingdom.

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First Tin (1SN LN)

Hybridan Monthly - February Edition

For a special February 2026 edition of Hybridan’s View from the Broker’s Desk, we are delighted to be joined by Laurence Hulse, founder of Onward...

Hybridan

A Basket of High-Risk, High-Reward, Critical Metal Miners with Strategic Value - Pt 2

We look at the next 2 companies in the basket of strategic miners. Average performance of the basket over the last 2 weeks has been +12%

Rikki Malik

Hybridan Small Cap Feast: 09 July 2026

The Diamond Drilling assays from below and south of the Elizabeth Hill historical silver workings have intersected a highlight of 3m @ 524g/t Ag...

Hybridan

Hybridan Small Cap Feast: 04 November 2025

24th October: Sterling Digital, the bitcoin mining business, has announced its intention to seek admission on the Access segment of the Aquis Stock...

Hybridan

Hybridan Monthly: November 2025

Wearing my unashamedly biased small-cap hat, I fear that those in power politically will look upon the success of these IPOs and wonder what we are...

Hybridan

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