Focus Xplore (LON: FOX) has revealed progress with exploration on rare earth element and lithium pegmatites at projects in Ontario, Canada. Rock chip samples show that the Bay Road and Iva projects “have elemental ratios and values consistent with moderate levels of fractionation within locally enriched, or “fertile” granites”. This is an indicator of the formation of pegmatite systems, although there is yet to be any identification of significant mineralisation. The share price is two-fifths ahead at 0.0525p.
Brain health software developer Cambridge Cognition (LON: COG) is raising £1.12m at 27.25p/share from key shareholders and management following the interim figures. Changes to the board mean that Rob Baker becomes senior executive director, Alex Livingstone-Learmonth is chief commercial officer and Ronald Openshaw becomes head of finance and corporate development. Interim revenues fell from £5.6m to £4.3m and the loss increased. Cash fell to £400,000. The order book was £16.4m at the end of June 2025. The share price rose by one-quarter to 32.5p.
Tungsten West (LON: TUN) has received a non-binding letter of interest from the Export-Import Bank of the United States, outlining potential financial support for the Herdon tungsten and tin mine. The export credit agency could provide up to $95m over a 15-year term. The share price increased 22.2% to 11p.
Conroy Gold and Natural Resources (LON: CGNR) has secured agreement to restructure liabilities and writing off 20% of the €3.36m owed. Directors and former directors are swapping the remaining 80% of the money owed into a capped net smelter royalty relating to the Orlock Bridge and Skullmartin. They are also being issued seven-year options exercisable at 30p. The share price improved 13.2% to 6p.
Empire Metals (LON: EEE) has made a breakthrough in process development at the Pitfield project in Western Australia. Recoveries are 77% at the rougher stage and 90% at the cleaning stage. Leach results achieved 98% titanium dissolution. Overall titanium recovery is 67% and this is expected to improve. This is a high purity product. The share price is 11.2% higher at 54.5p.
FALLERS
Shares in fire safety products supplier LifeSafe Holdings (LON: LIFS) fell a further 36.4% to 1.75p following the launch of a retail offer to raise up to £500,000 at 3p/share. It has already raised £700,000 and is asking for shareholder approval to leave AIM. The plan is to move to JP Jenkins.
Caledonian Holdings (LON: CHP) is planning a fundraising. Investee company AlbaCo has received a banking licence and is raising at least £25m. Caledonian Holdings wants to contribute to this fundraising, and it has to commit by mid-September, so it is calling a general meeting on 12 September to gain approval to issue up to 600 billion shares. AlbaCo will be the first bank focused on lending to small and medium sized businesses. The share price slipped 18.8% to 0.00325p.
Oil and gas producer Arrow Exploration (LON: AXL) is focusing on exploration drilling over the next few months. Oil production from existing fields is set to reach a peak in the short-term, but it will start to fall off, so this will need to be replaced. Current production is 4,200 barrels of oil equivalent/day and Canaccord Genuity has cut its full year forecast from 5,000 barrels of oil equivalent/day to 4,300 barrels of oil equivalent/day. Second quarter operating cash flow was $14m with net cash of $600,000 at the end of June 2025. The share price declined 13.8% to 12.5p.
Ex-dividends
Arbuthnot Banking (LON: ARBB) is paying an interim dividend of 22p/share and the share price fell 35p to 1065p.
Northern Bear (LON: NTBR) is paying a final dividend of 2.5p/share and the share price is unchanged at 96p.
PetroTal Corp (LON: PTAL) is paying a dividend of 1.5 cents/share and the share price improved 1p to 38.25p.
Quartix Holdings (LON: QTX) is paying an interim dividend of 2.5p/share and the share price is unchanged at 264p.