Shares in Premier African Minerals (LON: PREM) rebounded 60.8% to 0.039p although there is no new information about discussions continue with creditor JR Goddard Contracting, which is demanding payment of $2.2m.
Zanaga Iron Ore Company (LON: ZIOC) says results from the project development activities on the Zanaga project will be published on 6 January. In February, there should be results from process plant Front End Engineering & Design and a fully integrated project development plan. Potential strategic partners are being assessed. The share price increased 10.1% to 8.42p.
GoldStone Resources (LON: GRL) has revised the terms of the standstill agreement in relation to a gold loan with an extension to the end of 2026 and interest rates ae frozen until the end of June. The share price improved 9.09% to 0.6p.
Oil and gas producer Zephyr Energy (LON: ZPHR) reported increased production of 925 barrels of oil equivalent/day net in the third quarter. There will be a full quarter of production from the Slawson wells in the fourth quarter. The $15.15m revolving credit facility has been renewed for one year at a reduced interest rate of 8.99%, down from 10%. Marketing and financing transactions are being considered for the development of the Paradox project. The share price rose 1.82% to 2.8p.
FALLERS
Westminster Group (LON: WSG) will not publish annual accounts by the end of 2025 and trading in the shares will be suspended on 2 January 2026. A strategic investor is interested in making a significant investment and collaborate on opportunities. Project financing is being negotiated. The share price declined 26.3% to 0.7p.
Jarvis Securities (LON: JIM) has appointed S&W Partners to help with the wind down of the company. There is currently cash of £10.4m. Two more payments of £1m each are due for the sale of the broking clients. There are obligations to redress certain clients because of sharing commission with an introducer and misleading language in client terms. The estimated cost is £2.8m, but it could be more. The share price dropped by one-quarter to 12.75p.
Alien Metals (LON: UFO) says joint venture partner West Coast Silver has received $500,000 from the exercise of options. This will help to fund drilling and exploration at the Elizabeth Hill mining lease, which is near to a historical silver mine. The share price dipped 7.14% to 0.13p.
Litigation Capital Management (LON: LIT) has secured a covenant waiver extension from Northleaf Capital Partners and interest remains two percentage points higher than the original rate. There will be an update on the strategic review in the new year. The share price fell 1.71% to 6.88p.