Light Science Technologies (LON: LST) has secured its first order as a supplier of the fire-resistant graphite barrier system, Injectaclad. The acquisition of the business was completed on 14 April. Light Science Technologies was previously only an installer. The contract is worth £410,000 and should be fully recognised this year. Additional work is on the horizon. The share price increased 17.7% to 1.825p.
Westmount Energy (LON: WTE) says that it intends to vote in favour of the bid by Eco (Atlantic (Oil and Gas) for JHI Associates. It is also buying an additional four million shares in Eco, taking its stake to 9.53 million shares. The share price improved 12% to 4.2p.
Acoustic and insulation materials developer Autins Group (LON: AUTG) returned to profit in 2025-26 even though revenues fell from £19.3m to £17.6m. There was an underlying net profit of £170,000, helped by an improvement in gross margin to 36.4%. This was despite a cyber attack at a major customer. There was an exceptional charge of £807,000 related to the cyber attack disruption and a cost relating to the German flooring business. Net debt is £1.6m. New contract wins provide a solid base for the current year, although expected revenues have been reduced from £24m to £22m. Post-tax profit estimate has been edged up to £800,000. Further growth next year could mean post-tax profit of £1.4m. this depends on vehicle production levels. There are consolidation opportunities. The share price recovered 11.8% to 9.5p.
Cadence Minerals (LON: KDNC) says the Amapa iron ore project has received a licence that will enable construction at the site that will enable the restart of the Azteca plant. The share price rose 8.91% to 5.5p.
FALLERS
Ethernity Networks (LON: ENET) has not received warrant exercises that it was counting on for cash, and the level of the share price means it is unlikely to happen in the short-term. Management costs are being reduced with the chief executive and R&D boss are reducing time on the business by 80%. Full year revenues are likely to be in the range of $1.6m to $1.8m. The share price slumped 37.5% to 0.0015p.
Fulcrum Metals (LON: FMET) has secured a £6m funding package with YA II to fully fund pilot plant development for Teck Hughes and Sylvanite tailings projects. This is a combination of equity and debt, plus an At-The-Market subscription facility with Clear Capital. There is an initial £500,000 subscription at 8.75p/share, plus £1m draw down of the convertible – conversion price of 11.375p/share. Once the company has gained shareholder approval for share issues a further £1.5m will be drawn down from the convertible. The share price slipped 11.4% to 7.75p.
UK Oil and Gas (LON: UKOG) shares returned from suspension following the publishing of accounts for the year to September 2025. The company has submitted a retrospective planning application for the Horse Hill oil field to Surrey County Council. This is to restore production consent. This is because of a court decision that the original granting of production was unlawful because there was no assessment of greenhouse gases. The share price declined 9.52% to 0.0095p.
Fusion Antibodies (LON: FAB) increased full year revenues from £1.96m to £2.13m and underlying gross margin nearly doubled to 43%. There was £1.04m in cash at the end of March 2026. There is potential non-dilutive funding. The board is cautiously optimistic about this year with increasing engagement with larger pharma companies. The share price fell 8.9% to 12.75p.