Pipehawk (LON: PIP) is selling Utsi Electronics to Hong Kong company Leidi Global Supply for £1m. A £25,000 deposit has been paid. This subsidiary lost £464,000 last year. Stripping that out, Pipehawk would have made a pre-tax profit of £154,000. This leaves utility infrastructure detection company Adien and rail-focused Thomson Engineering Design. The share price rebounded 48.4% to 2.3p.
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 share price rose 41.7% to 0.425p.
Synthetic binders developer Aptamer (LON: APTA) has signed a licensing agreement with Alphazyme, a Maravai LifeSciences company that supplies speciality enzymes to the life sciences sector. The non-exclusive deal is for a developed Optimer® for use in hot-start PCR applications – when the enzyme switches on when heated. The original development deal was signed in June 2024, and another development project has recently completed. The share price gained 36.7% to 1.025p.
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 improved 26.6% to 10p.
FALLERS
Mobile Streams (LON: MOS) shares returned from suspension down 62.6% to 0.23p 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.
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 61.2% to 3.725p.
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. Michael Spencer’s stake reduced from 8.19% to 7.59%. The share price declined 47.6% to 9.54p.
Premier African Minerals (LON: PREM) says it has been issued with a writ of execution of movable property at the Zulu project by a creditor seeking $2.2m. Discussions continue with the creditor, which is JR Goddard Contracting. The share price slipped 34.3% to 0.0225p.