More good news from modular housing company Eco Buildings Group (LON: ECOB), which has secured a contract worth €420m over seven years to supply 20,000 homes in Chile. The first 607 homes have been funded with a 50% deposit of £12.75m. It has taken more than two years to go through the approval process in Chile and win the order. The share price jumped 78% to 22.7p, which is 249% higher over five days. This is the highest it has been for two years.
Oriole Resources (LON: ORR) has published a maiden JORC mineral resource estimate (MRE) for the MB01-S zone at 90%-owned Mbe gold project in Cameroon. The pit constrained inferred MRE for MB01-S of 24.8Mt at 1.09g/t for 870,000 contained gold. This exceeded the range of the earlier target. The target for the undrilled MB01-N zone to thee northeast of MB01-S for between 370,000 ounces to 605,000 ounces of contained gold. The share price increased 13.6% to 0.36p.
Chesterfield Special Cylinders (LON: CSC) reports 2024-25 adjusted EBITDA of £800,000, which is higher than expectations. Revenues improved from £14.8m to £16.5m. Net debt of £900,000 moved to a £2.1m net cash position by September 2025. Strong overseas defence demand and record hydrogen contracts helped to improve the figures. The full year results will be published on 18 December. The share price improved 12.1% to 32.5p.
Oracle Power (LON: ORCP) has recommenced drilling at its Northern Zone gold project in Western Australia. Th drilling is focused on shallow undrilled areas between the western and eastern gold mineralised zones. This is a two week programme. The share price rose 7.95% to 0.0475p.
FALLERS
Healthcare company Trellus Health (LON: TRLS) says cost cutting has educed monthly cash burn from $440,000 to around $395,000. Cash should last until the beginning of December. The developer of the Trellus Elevate digital platform for personalised is still exploring options for raising cash. The company hopes to announce at least one collaboration before the end of November. The share price declined 13.3% to 0.65p.
Floorcoverings manufacturer Victoria (LON: VCP) has withdrawn the offer to exchange 2028 secured loan notes for new second-priority notes. It believes that there may be better options. The 2028 notes have a coupon of 3.75%. The share price fell 4.55% to 55.55p.
Wellnex Life (LON: WNX) chief executive Zack Bozinovski has stepped down from the board, but he will remain with the company for six months. A repayment structure for his loan of A$2.3m will be agreed so he is repaid by the time he leaves. Executive chairman Ash Vesali, who joined the company in September, will oversee day-to-day operations while a new chief executive is identified. This follows the reporting of first quarter revenues of $5.4m. There was a drop in IP licensing revenues compared with the previous quarter. Delayed revenues should be received in the coming months. Additional debt of A$5.35m was secured and A$4.1m was drawn down. Cost saving is being pursued, and the company is exiting medicinal cannabis. Pain Away and contract manufacturing will be the focus. Wellnex Life joined AIM in March 2025 when it raised £5.22m at 31.75p/share. The share price slid 3.85% to 12.5p.
Dimitry Kirpichenko has reduced his holding in TMT Investments (LON: TMT) from 4.78% to 3.41%. The share price dipped 3.17% to 275 cents.