Steppe Cement (LON: STCM) reached record cement production levels in the nine months to September 2025. Sales volumes increased from 1.34 million tonnes to 1.55 million tonnes in a growing cement market in Kazakhstan. Revenues improved from $66.6m to $75m even though the price fell. Cash was $14m on 6 October 2025. Surplus cash will be distributed to shareholders. The tax dispute has been resolved at a cost of $100,000. The share price rose 2.78% to 18.5p.
Peter Gyllenhammar has increased his stake in infrastructure services provider Nexus Infrastructure (LON: NEXS) from 28.15% to 29.14%. Michale Thomas Morris has cut his stake from 7.68% to 4.41%. The share price improved 2.08% to 122.5p.
Allan Gray Bermuda has reduced its stake in Caldonia Mining Corporation (LON: CMCL) from 4% to 2.93%. The share price increased 1.45% to 2800p.
FALLERS
Mosman Oil & Gas (LON: MSMN) has raised £1.67m at 0.0225p/share and a retail offer could raise up to £500,000. This will close on 21 October. The cash will be spent on US helium projects, including Sagebrush and Coyote Wash in Colorado. The Independent Prospective Resource Validation at Coyote Wash is expected before the end of the year. The share price declined 26.6% to 0.0235p.
Focus Xplore (LON: FOX) has used AI to identify critical mineral targets in Ontario. It has raised £427,000 at 0.04p/share and shares have been issued to creditors owed £57,000. Planetary AI has partnered with Focus Xplore to develop AI tools specifically for the Ontario landscape. The share price slipped 19.1% to 0.0425p.
Wishbone Gold (LON: WSBN) says drilling on hole 2 at the Red Setter gold dome project in Western Australia has been completed at 950 metres. Drilling of hole 3 should start on 21 October. The share price is 12.5%n lower at 1.225p.
Asia-focused gas explorer Sunda Energy (LON: SNDA) closed its WRAP offer early because it was oversubscribed. The size of the offer was raised from £230,000 to £470,000. The offer price was 0.025p. The total amount raised through the offer and subscription is £710,000. The share price dipped 11.9% to 0.0275p.
Tower Resources (LON: TRP) has raised £550,000 at 0.028p/share. This will finance work on oil and gas licences in Namibia and Cameroon. The share price slid 10.3% to 0.0305p.
Energy storage technology developer Gelion (LON: GELN) raised £10m via a placing and subscription at 20p/shar and up to £500,000 could be raised by a retail offer, which closes on 23 October. The cash will finance commercial pouch cell prototypes. The cash will last for 18 months. The share price fell 8.16% to 22.5p.