Conroy Gold and Natural Resources (LON: CGNR) recovered a further 42.3% to 9.25p since yesterday’s announcement of an agreement to restructure liabilities, including the writing off of 20% of the €3.36m owed. Directors and former directors are swapping the remaining 80% owed into a capped net smelter royalty relating to the Orlock Bridge and Skullmartin projects in Ireland.
Nortrust Nominees has bought back some of the shares it had sold in oil and gas producer Empyrean Energy (LON: EME) earlier in the week and the stake has increased from 3.41% to 4.88%. The share price increased 12% to 0.07p.
Cancer drugs developer Avacta Group (LON: AVCT) is raising £3.25m at 50p/share and is deferring quarterly repayments of its convertible bond after the October payment. The next two payments will be deferred until October 2027. After the publication of data from the phase 1b trials of FAP-Dox (AVA6000) for breast cancer of 30 June 2026 the bondholders can demand an acceleration of one of the deferred payments in cash or shares. The conversion share price is 75p. This is conditional on the raising of at least £13m. The share price rebounded 14.6% to 63p.
CleanTech Lithium (LON: CTL) raised £250,000 from its retail offer at 5p/share and takes the total amount raised to £4.95m. This will finance the development of the Laguna Verde lithium project in Chile. The share price rose 8.74% to 5.6p.
Van Eck Associates has raised its stake in uranium investor Yellow Cake (LON: YCA) from 6.12% to 7.04%. The share price is 5.92% higher at 516.25p.
Logistics Development Group (LON: LDG) had net assets of 26.7p/share at the end of June 2025, up 8.67% over the quarter. Since then, £15m has been invested in a company that has taken a 78.3% stake in Alternative Parcels Company. The share price improved 5.26% to 15p.
FALLERS
Waste to energy technology company Eqtec (LON: EQT) is proposing a capital reorganisation. The shares have been trading below the current nominal value, and it would be reduced from €0.01 to €0.0001. If approved this will happen on 26 September. This will enable the issue of shares to provide further funding for the company. The share price slipped 22.2% to 0.35p.
Helium One Global (LON: HE1) has received a conversion notice for £1.725m of its convertible at a conversion share price of 0.42p. There will be 410.7 million shares issued. The share price fell 8.51% to 0.43p.
Metals One (LON: MET1) is making a C$750,000 strategic investment in Lions Bay Capital and taking a 19.1% stake. The plan is to commence production at a South African gold processing plant by the end of 2026. Lions Bay has an option to acquire the supporting generation plant for $1.4m. The plant will be modified and refurbished. The strategy is to acquire gold mines in the region once the plant is up and running. The share price declined 9.2% to 4.1675p.