Arc Minerals (LON: ARCM) appointed Remy Welschinger as chief executive from 2 January 2026. He is currently a non-exec of Arc Minerals and President of Viridian Lithium. The executive chairman Nick von Schirnding will become non-exec chairman. The share price jumped 66.7% to 0.625p.
hVIVO (LON: HVO) chief executive and finance director each bought shares in the contact research business early in the week. Yamin Khan bought 3.31 million shares at 6.04p each, taking his take to 1.21%, and Stephen Pickerton acquired 520,000 at 5.5p each. The share price recovered 39.7% to 7.35p.
Offshore energy market services provider Tekmar Group (LON: TGP) has won a contract with an existing customer worth €8m. There is existing infrastructure and potential for near-term production. This for a major UK offshore wind farm. Revenues should be recognised this year and next year. The share price rebounded 39.7% to 11p.
Quantum Helium (LON: QHE) says an independent resource report has been published and the best estimate for the Coyote Wash project in Colorado is 0.97bcf of gross recoverable helium. This takes the gross recoverable resource of the company’s projects to 1.1bcf, which have a gross value of $330m. There are also potential oil resources of up to 750,000 barrels. The company also has a 90% working interest in the Sagebrush helium project which has 2U helium reserves of 101MMscf net. The share price improved 33.9% to 0.0375p.
FALLERS
Bars operator The Revel Collective (LON: TRC) is in discussions with potential acquirors of its businesses and they would not lead to any return for shareholders. There is no likelihood of raising money through a share issue. Trading in the shares will be suspended on 29 December because the 2024-25 annual report will not be published by the end of the year. The share price dived 76.7%% to 0.035p.
Red Rock Resources (LON: RRR) raised £250,000 at 0.021p/share and an existing shareholder invested £200,000 at 0.025p/share, while another shareholder is converting £200,000 of loan notes into shares at the latter price. The share price declined 35.7% to 0.0225p.
Shares in Polarean Imaging (LON: POLX) declined 35.5% to 0.1p following shareholder voting in favour of leaving AIM on 23 December. JP Jenkins will provide a matched bargain facility.
Virtual product placement services provider Mirriad Advertising (LON: MIRI) says second half revenues are expected to be £200,000, so 2025 revenues will be £400,000. At the end of November, cash was £1m. The cost base is £220,000/month. There will be a trading statement in January. The share price fell 31.6% to 0.0065p.