Active Energy Group (LON: AEG) has executed heads of terms to develop a 150MW battery energy storage system in the Vale of Glamorgan in partnership with Fonmon Castle, which will provide ten acres on a 30-year lease. Active Energy Group will invest £40,000 and will get that back once planning consent is received. It will also receive 5% of the first year’s rent of £300,000. The share price rebounded 14.3% to 0.16p.
Asiamet Resources Ltd (LON: ARS) has commenced limestone resource drilling at he Rinjen prospect, north of Asiamet’s BKM copper heap leach project in Indonesia. Sourcing this limestone would help to keep the operating costs at BKM. The share price increased 5.13% to 1.025p.
Property adviser Fletcher King (LON: FLK) published results for the year to April 2026. Revenues edged up from £3.83m to £3.84m, but pre-tax profit fell from £504,000 to £373,000. There is little sign of improvement. The final dividend is maintained at 2.25p/share. Net cash is £4.21m and NAV is £4.46m, which is more than the market capitalisation. The share price improved 4.17% to 37.5p.
Union Jack Oil (LON: UJO) has spudded the Sark well in Oklahoma, which is the first of a programme of three wells. Union Jack has a 60% interest. There is a good chance of success and could be brought onstream relatively quickly. Zeus puts a risked value of 1p/share on the Sark well. The share price rose 4% to 26p.
FALLERS
Light Science Technologies (LON: LST) has won three contract electronic manufacturing contracts worth a total of £500,000. This includes £300,000 from a new electronic signage customer and there is potential for follow on revenues. The share price slipped 12.5% to 2.8p.
Wellnex Life (LON: WNX) joint chief executive George Karafotias has resigned. He will be repaid his A$705,000 loan to the company. Zack Bozinovski will become sole chief executive of the Australian consumer healthcare business. The share price fell 3.23% to 15p. The March placing price was 31.75p.
Andrada Mining (LON: ATM) has issued 31.98 million shares at 2.9293p each to convertible loan holders instead of a cash payment of £937,000. There are £7.7m of loan notes with a 12% interest rate and they mature on 20 July 2026. The share price dipped 2.91% to 3p.