AIM movers: Pennant International distribution agreement with Siemens and Alba Mineral Resources Greenland acquisition

Pennant International (LON: PEN) has announced a partnership with Siemens for the distribution of the GenS module of the Auxilium software suite. This help to reassure potential clients of the quality of the software and provides a route to new customers. There are also distribution agreement in South Korea and Japan. These are non-exclusive agreements. The share price increased 13.5% to 29.5p.

Orosur Mining Inc (LON: OMI) is starting mineral resource estimate drilling at the Pepas prospect within the Anza gold project area in Colombia. This area may offer near term production opportunities. The share price rose 11.8% to 8.55p.

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Ariana Resources (LON: AAU) expects the Tavsan mine to reach operational status by late July. There is a year of full ore production stockpiled. The share price moved up 10.2% to 1.625p.

Eco Animal Health (LON: EAH) reported a drop in full year revenue from £89.4m to £79.6m, but non-core disposals helped pre-tax profit improve by one-third to £4m. Net cash was £25m at the end of March 2025. North America was the only region where sales increased. The share price is 9.65% higher at 62.5p.

Eco Buildings Group (LON: ECOB) has secured an offer of litigation funding for the €195m arbitration proceedings by subsidiary Fox Marble against the Republic of Kosovo. Atticus Litigation Financing is a new fund launching in August. The share price recovered 8.82% to 3.7p.

FALLERS

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Alba Mineral Resources (LON: ALBA) is acquiring a majority stake in Motzfeldt critical metals project in south Greenland. Motzfeldt is a niobium tantalum zirconium rare earth project, and it has very large deposit status. The inferred resource is 340Mt, containing 41,000t of tantalum, 629,000t of niobium, 1.56Mt of zirconium and 884,000t of total rare earth oxides. The 51% stake will cost £30,000 in cash and £945,000 of shares at 0.02414p each. A placing has raised £550,000 at 0.017p/share. The share price deceased 11.4% to 0.0195p.

Primorus Investments (LON: PRIM) has been accused of beaching the lock-in agreement by selling shares in Pri0r1ty Intelligence (LON: PR1). The lock-in period lasts until 30 December 2025. In June, Primorus Investments sold its 8.05% stake raising £977,000. The Primorus Investments share price declined 7.23% to 3.85p. The Pri0r1ty Intelligence share price improved 5.56% to 4.75p.

Vast Resources (LON: VAST) is still working on cleaning and sorting the recently received package of diamonds to get them ready for tendering. The share price dipped 7.04% to 0.33p.

Investment company Tern (LON: TERN) has launched an underwritten one-for-nine open offer to raise £642,000 at 1p/share. The closing date is 28 July. This will cover overheads and the costs of being on AIM. The share price slipped 4.98% to 1.05p.

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