Shares in portable oxygen device developer Belluscura (LON: BELL) rebounded 72.7% to 0.95p following the previous week’s announcement of a strategic review of the business and it is well above the level prior to the statement. There is a shortage of working capital. There was cash of $1m and $790,000 of debt at the end of April 2025.
Metals One (LON: MET1) has agreed to acquire the exploration lease over the Swales gold property, which is within the Carlin gold trend in Nevada. There are 40 unpatented mining claims with others identified. This diversifies the company’s assets and provides exposure to a prolific mining area. 80 Mile has disposed of its 15.5% stake. The share price moved up 56.1% to 48p.
Supercapacitor technology developer Cap-XX (LON: CPX) has won a design contract with an Asian conglomerate. The company’s supercapacitors will be used in headphones. The product should be launched in October. There could be potential for further product deals. The share price improved 51.1% to 0.17p.
Eden Research (LON: EDEN) has received regulatory approval for the use of Mevalone for the control of powdery mildew on grapes in California. This is the most prevalent fungal diseases for grapes in California. The addressable market is €94m. The share price increased 49.1% to 4.1p.
FALLERS
Oil and gas producer Empyrean Energy (LON: EME) admitted that the Wilson River-1 drill stem test has been completed and it confirmed the recovery of formation water. The decision was made that the well should be plugged and abandoned. The share price slumped 73.8% to 0.0275p.
In content advertising technology develop Mirriad Advertising (LON: MIRI) has raised £1.5m via a placing at 0.01p/share and a WRAP retail offer raised £100,000. There are non-binding heads of terms for a joint venture agreement with a US technology company, which will take on the exclusive right to market the technology to existing media partners. There will be a one-off payment of £200,000 and a revenues share. A potential Middle East deal could generate revenues of £400,000/year. Monthly cost savings of up to £295,000 could be achieved. Mirriad Advertising will focus on white label and licence offerings. Louis Wakefield is taking over as chief executive. There should be 12 months of cash available to the company. The share price slipped 40.7% to 0.016p.
Braveheart Investments (LON: BRH) is raising £135,000 at 2p/share to fund overheads. A broker option could raise up to £100,000 more. There is currently cash of £73,000. Annual costs are £400,000 with annual income of £100,000 to offset that. Management consider that it is not a good time to sell investments to finance costs. The share price fell by two-fifths to 2.25p.
Advanced materials developer Versarien (LON: VRS) is raising £425,000 via a placing at 0.0275p/share. This will finance a mortar mixing plant to scale production of 3D construction printing mortars. The January placing was at 0.033p/share. The share price declined by one-third to 0.028p.
88 Energy (LON: 88E) has completed its 25-for-one share consolidation. The previous closing price was the equivalent of 1.4375p. The share price has slipped 27% to 1.05p.