Landore Resources (LON: LND) has raised £3.68m at 2.4p/share with strategic investor Luso Global Mining, a subsidiary of Mota-Engil, subscribing £1m. Alexander Shaw, who is the boss of the new investor will become chief executive of Landore Resources. The cash will fund drilling at the BAM gold project at Junior Lake in northwestern Ontario. The share price improved 49.1% to 4.25p.
Tungsten West (LON: TUN) has been granted a permit to operate its mineral processing facility at the Hemerdon project in Devon. The updated feasibility study is progressing and should be completed by the end of the year. The focus is maximising tungsten and tin recovery. Mining operations could recommence in 2026. The share price increased 29.4% to 5.5p.
Anglo Asian Mining (LON: AAZ) has gained a positive environmental report from the Azerbaijan authorities for its tailing dam wall. The existing tailings dam is almost fall and the wall be raised. The share price rose 14.7% 66.5p.
Language and IP services RWS (LON: RWS) reported a 4% decline in interim revenues to £350.3m, while pre-tax profit slumped from £54.4m to £45.6m. Most of the group improved revenues, but regulated industries business was lower due to larger pharma clients cutting costs and work was reduced in financial services. The interim dividend has been raised 2% to 2.45p/share. There was a move from net cash to net debt of £38.9m at the end of March 2024. The second half should be stronger. The departing chief executive Ian El-Mokadem has bought 5,000 shares at 176.4p each. The share price recovered 17.9% to 197.3p.
FALLERS
Greenland projects developer GreenRoc Mining (LON: GROC) raised £100,000 at 1.9p each. Th share price declined by one-eighth to 2.1p.
HSS Hire (LON: HSS) has lost its contract to supply equipment rental managed services to Amey. This contract ends after nine years at the end of 2024. This contributed 10% of group EBITDA. There will be a trading statement on 26 June. The share price slipped 10.2% to 7.54p.
Corcel (LON: CRCL) says the Papua New Guinea authorities say that they will not grant an application for a direct shipping ore mining lease for the Mambare nickel/cobalt project, which is held by the Oro Nickel joint venture. Corcel plans to sell its 41% stake in the joint venture. The share price is 9.31% lower at 0.185p.
Madison Dearborn has decided not to bid for currency services provider Equals (LON: EQLS). There is still an indicative offer from a consortium comprising Embedded Finance and TowerBrook Capital Partners. The strategic review continues. The Equals share price fell 8.64% to 111p.