AIM movers: Metals One uranium dump deal and Zinnwald Lithium recommends bid

Metals One (LON: MET1) has expanded the agreement to treat uranium waste dumps with DISA Technologies. This covers the Uravan Belt uranium vanadium project in Colorado that is 100%-owned by Metals One. There are eight uranium mine waste dumps. DISA will start exploration work and seek permits. One will be paid a gross revenue share of saleable uranium and other minerals. The share price jumped 45.4% to 1.73p.

Zinnwald Lithium (LON: ZNWD) is recommending a bid by AMG Critical Materials, which already owns 29.3%. The offer is 5p in cash and 0.001577 of an AMG share for each Zinnwald Lithium share. This is estimated to be worth 10p/share and values the lithium project developer at £57.2m. The share price gained 26.9% to 8.25p.

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Video editing technology developer Blackbird (LON: BIRD) has moved to a go to market phase for video editing platform elevate.io. The focus is marketing teams within businesses. There was £2.4m in cash at the end of April 2026. The share price rose 12.1% to 1.85p.

Conygar Investment Company (LON: CIC) increased NAV by £12.8m to £54.3m in the period to March 2026, although it is lower than at the end of March 2025. The NAV is equivalent to 91.6p/share. There was a £15.1m profit on the sale of land in Anglesey. A loan related to a student accommodation development has been extended to March 2027. Net bank borrowings were £38.7m at the end of March 2026. The share price increased 4.26% to 24.5p.

FALLERS

ValiRx (LON: VAL) is raising up to £1.155m at 0.2p/share. That includes a retail offer of up to £150,000. The drug developer is raising the cash to push forward the development of its IP. The share price dipped 17% to 0.2p.

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Zanaga Iron Ore (LON: ZIOC) has raised £5.7m at 4p/share, which is more than originally sought. This will finance the development of the Zanaga project, including earthworks and sampling. The share price declined 5.81% to 4.05p.

Investment company Volvere (LON: VLE) improved full year revenues from £49m to £52.7m. Pre-tax profit rose from £6.34m to £6.75m. Cash and investments were £33.2m at the end of 2025. The trading subsidiary is food manufacturer Shire Foods and it has been hit by higher input costs and reduced volumes in 2026. Acquisitions are being assessed. NAV is £19.80/share. The share price fell 4.17% to £25.30.

Professional services network DSW Capital (LON: DSW) full year revenues are slightly ahead of expectations and pre-tax profit is in line with forecast of £1.3m. M&A activity continues to be impacted by global events. A new boss has been recruited for the legal division. The share price is 3.33% lower at 43.5p.

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