Bezant Resources (LON: BZT) is planning to acquire the NLZM processing plant for the Hope and Gorob copper gold mine in Namibia. This will accelerate the move into production by at least two years and reduce capital cost. The payment is $2.5m plus royalty payments in return for a 90% stake in the company that owns the plant. The share price jumped 37.3% to 0.0515p.
TruFin (LON: TRU) published a trading statement with news that interim pre-tax profit has already exceeded the full year forecast. The outperformance is by the Playstack video games business. The financial businesses are trading in line with expectations. Panmure Liberum has raised its full year pre-tax profit estimate from £3m to £5m and net cash could rise to £8m. The share price increased 18.1% to 117.5p.
Health products developer OptiBiotix Health (LON: OPTI) says US weight loss supplement brand Hydroxycut is launching a product including appetite reducing SlimBiome. The product is called Hydroxycut Hunger Control. Five metric tonnes of SlimBiome have already been ordered. The share price rose 12.2% to 11.5p.
In the year to April 2025, ITM Power (LON: ITM) revenues improved from £16.5m to £26m. This was within guidance, Net cash was better than expected at £207m. The order backlog was £145m at the end of April 2025 and more contracts have been won since then. This year’s revenues guidance is £35m-£40m and there should be net cash of at least £170m by the end of April 2026. ITM Power will continue to be loss-making. The share price improved 11.5% to 75.45p.
Strategic Minerals (LON: SML) is progressing the drilling programme at the Redmoor tungsten tin copper project in Cornwall. A second drill hole is underway. The initial findings of the drilling are consistent with modelling. The first assay results will be in September. This would eventually lead to an updated mineral resource estimate. The current NPV8 of $128m is calculated at lower metal prices than the current levels. The share price is 10.5% higher at 0.315p.
FALLERS
The UK authorities have decided not to provide a gas storage licence to EnergyPathways (LON: EPP) for the natural gas and hydrogen storage elements of its MESH project. A S35 planning application for the major elements of the MESH project will be submitted as a step in the process to obtain consents from the UK government. If it is granted, then the parts of the project in the submission will be assessed under the 2008 Planning Act. The share price dived 51.4% to 2.6p.
Oracle Power (LON: ORCP) has raised £500,000 at 0.014p/share. This cash will be spent on exploration projects in Australia and the advancement of Pakistan projects. The share price slipped by one-fifth to 0.014p.
Trinidad-focused oil and gas producer Touchstone Exploration (LON: TXP) produced 4,400 barrels net of oil equivalent/day in the second quarter of 2025. Full year net production guidance has been cut by around one-fifth to 5,300-5,900 barrels of oil equivalent/day. The recent $12,5m convertible debenture issue will finance further drilling. The share price dipped 10.9% to 14.25p.
Skin health company SkinBioTherapeutics (LON: SBTX) says revenues should increase to £4.5m-£4.8m in the year to June 2025, which is slightly lower than expectations. The loss will be much lower than last year. Cash was £4.8m at the end of June 2025. The figures are subject to audit. July was a strong month and AxisBiotix will be launched in Superdrug later this year. The share price fell 8.13% to 14.125p.
Ex-dividends
Goldplat (LON: GDP) is paying a dividend of 0.09p/share and the share price declined 0.5p to 7.125p.
Greencoat Renewables (LON: GRP) is paying a dividend of 1.7 cents/share and the share price fell 1.6 cents to 74.4 cents.