Galantas Gold (LON: GAL) is acquiring 100% of the Andacollo Oro gold project in Chile. This is an open pit mine with a historical inferred mineral resource estimate of 5.06M ounce of gold. It has been in production in the past. The seller is owned by Galantas Gold executive Robert Sedgemore, so it is a related party deal. His company bought the mine from Dragones, whose former owner will receive payments of $27.5m in the four years to the end of 2029, as well as initially being issued 91.3 million Galantas Gold shares. Galantas Gold will assume $3m of debt and pay $1.5m to Robert Sedgemore. The share price jumped 185% to 18.5p.
Reabold Resources (LON: RBD) says that the Italian authorities have published the formal decree and positive decision on the small scale LNG development plan by 47.4% owned investee company LNEnergy Ltd for the project in Colle Santo. The share price rose 119% to 0.115p.
Shares in Malaysia-based e-commerce payment services provider Mobility One (LON: MBO) ae still rising and doubled on the week to 7p, having been as high as 12.25p. This follows conditional approval to carry on Islamic digital banking in Labuan in Malaysia.
CleanTech Lithium (LON: CTL) has applied for a Special Lithium Operating Contract for Laguna Verde in Chile. This means that the company can commercially produce lithium. The share price gained 59.8% to 9.75p.
FALLERS
In an update on the Barb Project in Manitoba, Canada, Gunsynd (LON: GUN) says field work is consistent with a structurally controlled orogenic gold system. However, none of the latest rock sample results produced grades of more than 1g/t gold. Funding of C$105,000 has been secured from the Manitoba Mineral Development Fund to help fund further exploration. Targeted exploration will enhance understanding of the project. The share price declined 30.3% to 0.115p.
Extended reality technology company Engage XR (LON: EXR) is still suffering from a tough market with contact delays and poor renewals. In 2025, revenues were €1.9m and net cash has fallen to €1.6m. Cash is being conserved and there are potential opportunities in education. Forecasts are under review. The share price dipped 26.3% to 0.35p.
Goldstone Resources (LON: GRL) operates the Homase gold mine in Ghana which produced 2,912 ounces of gold in 2025 and generated revenues of $10m. Heavy rainfall and inspections held back production. Avrage all-in sustaining cost was $2,781/ounce up until November and it is expected to be $2,500-$2,900/ounce in 2026. Production could reach 4,000 ounces this year. The share price decreased by one-quarter to 0.45p.
Geo Exploration (LON: GEO) is still falling following yesterday’s news that although maiden drill holes at the Juno project in Australia intersected gold and copper sulphide mineralisation, together with silver and zinc, it appears that the higher grade mineralisation could be to the south. The share price fell 24.7% to 0.1375p.