Alliance Lithium (LON: ALL) has revised and resubmitted its mining licence application for the Ewoyaa lithium project in Ghana. The royalty rate will be between 5% and 12% depending on the spodumene price. Canaccord Genuity assumes 10% in its forecasts suggesting a price between $2,501/tonne and $3,000/tonne, but the price is currently lower. The new lease requires government ratification. The share price jumped 23.5% to 9.76p.
Artemis Resources (LON: ARV) has signed a joint venture deal with Red Metal for the Sharon Dam copper target in Western Australia. It can earn 80% by spending at least $5m over three years. The shae price roe 16.7% to 0.35p.
Professional services provider Christie Group (LON: CTG) is selling visitor attraction software business Vennersys for an initial £500,000 in cash. There is also up to £900,000 of retained consideration subject to performance conditions. The sale should be completed by the end of January. Vennersys is loss making and the disposal could add around £500,000 to 2026 pre-tax profit – £2.8m is the current forecast. The share price gained 7.5% to 107.5p.
Eco Animal Health (LON: EAH) has been granted EU marketing authorisation for ECOVAXXIN® MS, the company’s poultry vaccine against Mycoplasma synoviae. The share price increased 6.67% to 104p.
Naked Wines (LON: WINE) has launched a share buyback of up to £2m via a reverse accelerated bookbuild closing at 4.35pm today. The share price improved 6.43% to 72.8p.
FALLERS
Indus Gas (LON: INDI) is proposing to shareholders that it should leave AIM. A general meeting will be held on 8 January. There is a limited free float, and it has been difficult to raise funds or use shares for acquisitions. Gynia Holdings owns 82.7%. Interim figures show an improved pre-tax profit of $1.93m, up from $1.24m. Indus Gas is awaiting a production sharing contract extension so a new gas sale and purchase agreement can be signed. The share price slumped 58.4% to 4p.
Pantheon Resources (LON: PANR) is suspending flow testing at the Duhle-1 well in order to save costs of around $150,000/day in the winter period. Costs will be lower in the spring. Results have been disappointing so far. The company will analyse data and assess opportunities in other parts of its oil and gas portfolio in Alaska. There is $27.2m in the bank. Zeus has cut its total risked NAV from 73p/share to 53p/share. The share price dived 43.3% to 10.32p.
Mobile Streams (LON: MOS) shares returned from suspension down 35.8% to 0.395p following publication of an admission document and results for the year to June 2025. June 2025. The company, which is changing its name to Gana Media Group, is acquiring the shares it does not own in two Mexican sports betting and media companies. It already owns 28.7% to Estadio Gana, plus convertible loan stock, and 22.5% of Capital Media Sports. Buying the rest of Estadio Gana will cost £31.9m in shares at 0.625p each, while 584.2 million shares a 0.495p each will be issued for Capital Media Sports. Investment in existing Mexican operations enabled full year revenues to rise from £436,000 to £1.41m. Net cash was £1.52m at the end of June 2025 and by the end of September available cash was £991,000.
Enwell Energy (LON: ENW) says that on 18 December the gas processing facilities at its Vasyschevskoye gas and condensate field in Ukraine was attacked by Russian drones. There were no active operations and damage is being assessed. The share price declined 21.4% to 16.5p.